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Nonprofit · EIN 87-3229787

PATERSON PREPARATORY CHARTER SCHOOL INC

Tax-exempt · PATERSON, NJ 07505

Financials

$1.5M$763K2022$6.6M$6.2M2023$9.7M$8.8M2024
Revenue Expenses · by fiscal year end
Financials of PATERSON PREPARATORY CHARTER SCHOOL INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$9,688,438$8,783,651$904,787$10,103,462$8,874,614$1,228,848
June 30, 2024990$6,573,325$6,249,264$324,061$2,211,282$1,887,221$324,061
June 30, 2023990$1,505,893$763,414$742,479$742,479$0$742,479
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$9,251,055
of which government grants
$7,686,789
Program service revenue
$437,383
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$612,500
Other salaries and wages
$3,508,356
Salaries, compensation and benefits (total)
$4,976,006
Professional fundraising fees
$0
Legal fees
$36,864
Accounting fees
$30,855
Occupancy
$184,065
Travel
$9,180
Depreciation
$652,696
Program services (functional)
$7,170,902
Management and general (functional)
$1,612,749

Balance sheet and other

Total assets, start of year
$2,211,282
Total assets, end of year
$10,103,462
Total liabilities, end of year
$8,874,614
Net assets, end of year
$1,228,848
Net assets without donor restrictions
$1,228,848
Gross receipts
$9,688,438
Employees
53
Year formed
2021
State of legal domicile
NJ

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
DR SIMON OBASHEAD OF SCHOOL
Officer
40$272,500
CHARLES BOZIANCFO
Officer
40$190,000
KELLY O'BRIENPRINCIPAL
Officer
40$150,000
MICHELLE ANDERSONDIRECTOR OF STUDEN40$138,000
JOHN LUTZPresident
Trustee or director
5$0
SOLE ANSELMIVice President
Trustee or director
5$0
MSGR GENO SYLVIATrustee
Trustee or director
5$0
SAILYS CABRALTrustee
Trustee or director
5$0
SHEILA MULCAHYTrustee
Trustee or director
5$0
ROBERT GUARASCITrustee
Trustee or director
5$0
MARTIN VERGARATreasurer
Trustee or director
5$0
RICK PRESSLERBUSINESS ADMIN
Officer
15$0
990 for the year ended June 30, 2024: 10 people
NameTitleHours / weekCompensation
KELLY O'BRIENPRINCIPAL
Officer
40$140,086
ROBERT GUARASCIPresident
Trustee or director
5$0
SOLE ANSELMIVice President
Trustee or director
5$0
MSGR GENO SYLVIATrustee
Trustee or director
5$0
SAILYS CABRALTrustee
Trustee or director
5$0
SHEILA MULCAHYTrustee
Trustee or director
5$0
JOHN LUTZTrustee
Trustee or director
5$0
MARTIN VERGARATreasurer
Trustee or director
5$0
RICHARD PRESSLERBUSINESS ADMIN
Officer
15$0
JOLLEEN WAGNEREX OFFICIO
Officer
5$0
990 for the year ended June 30, 2023: 5 people
NameTitleHours / weekCompensation
ROBERT GUARASCIPresident
Trustee or director
4$0
SOLE ANSELMIVice President
Trustee or director
2$0
MARTIN VERGARATreasurer
Trustee or director
2$0
RICHARD PRESSLERBUSINESS ADMINI
Officer
20$0
KELLY O'BRIENPRINCIPAL
Officer
40$0

Address and contacts

Address (IRS master file)
24 DEGRASSE ST, PATERSON, NJ 07505-2001
In care of
% STEVE SMALL
Principal officer (990 for 2024)
RICK PRESSLER, 190 OLIVER ST, PATERSON, NJ 07505
Signed the 990
RICK PRESSLER, BUSINESS ADMIN
Phone
(347) 523-8905
Website
kippnj.org
Return prepared by
BARRE & COMPANY LLC

Mission

PATERSON PREPARATORY CHARTER SCHOOL IN THE CLASSICAL TRADITION, HELPS STUDENTS TO GROW INTELLECTUALLY, SOCIALLY, AND PHYSICALLY INTO YOUNG SCHOLARS AND SEEKERS OF GOOD CHARACTER AND SPIRIT, AND TO BE PREPARED FOR EXCELLENCE IN HIGH SCHOOL, COLLEGE AND BEYOND.

990 for the year ended June 30, 2025

Program accomplishments

  • THE CHARTER SCHOOL IS RESPONSIBLE FOR PROVIDING A THOROUGH AND EFFICIENT EDUCATIONAL SYSTEM FOR STUDENTS IN GRADES K, 1, AND 5. THE CHARTER SCHOOL COMPLETED ITS SECOND YEAR OF OPERATIONS DURING THE 2024-2025 FISCAL YEAR WITH AN ENROLLMENT OF 364.
    Expenses $7,170,902

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
87-3229787
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B29)
Assets (IRS master file)
$10,103,462
Income (IRS master file)
$9,688,438

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$9,688,438$8,783,651$10,103,462IRS
990June 2024$6,573,325$6,249,264$2,211,282IRS
990June 2023$1,505,893$763,414$742,479XML

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-3229787).

Questions about PATERSON PREPARATORY CHARTER SCHOOL INC

What is the EIN of PATERSON PREPARATORY CHARTER SCHOOL INC?
The employer identification number (EIN) of PATERSON PREPARATORY CHARTER SCHOOL INC is 87-3229787.
Is PATERSON PREPARATORY CHARTER SCHOOL INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to PATERSON PREPARATORY CHARTER SCHOOL INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PATERSON PREPARATORY CHARTER SCHOOL INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PATERSON PREPARATORY CHARTER SCHOOL INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PATERSON PREPARATORY CHARTER SCHOOL INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of PATERSON PREPARATORY CHARTER SCHOOL INC?
The 990 for the year ended June 30, 2025 names RICK PRESSLER.
Who are the officers and directors of PATERSON PREPARATORY CHARTER SCHOOL INC?
The 990 for the year ended June 30, 2025 lists 12 people; 4 received compensation from the organization, the highest $272,500 (DR SIMON OBAS, HEAD OF SCHOOL).
How much revenue does PATERSON PREPARATORY CHARTER SCHOOL INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $9,688,438, expenses of $8,783,651 and total assets of $10,103,462 at year end.

Other nonprofits in PATERSON

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