Civic Intelligence

Preston High School

990 • Fiscal year 2023 • EIN 13-1853768

Sep 01, 2022 to Aug 31, 2023 • Filed on Aug 16, 2024

Organization Profilewww.prestonhs.org
2780 Schurz AvenueBronx, NY 10465

(718) 863-9134

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.52x

Higher debt load relative to assets than 80% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

67th percentile

0.38x

Higher debt load relative to revenue than 67% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

50th percentile

3.9%

Higher net margin than 50% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

49th percentile

$123,900

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / Assets80th percentile

Assets

$4,977,743

No earlier filing loaded for comparison.

Net Assets

$2,375,898

No earlier filing loaded for comparison.

Liabilities

$2,601,845

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin50th percentile

Revenue

$6,901,916

No earlier filing loaded for comparison.

Expenses

$6,631,594

No earlier filing loaded for comparison.

Net Income

$270,322

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2023: $4,977,743Liabilities 2023: $2,601,845Net Assets 2023: $2,375,8982023Assets 2024: $4,510,210Liabilities 2024: $1,672,470Net Assets 2024: $2,837,7402024

Highlighted filing

2023

Assets$4,977,743
Liabilities$2,601,845
Net Assets$2,375,898
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0Revenue 2023: $6,901,916Expenses 2023: $6,631,594Net Income 2023: $270,3222023Revenue 2024: $7,149,629Expenses 2024: $6,687,787Net Income 2024: $461,8422024

Highlighted filing

2023

Revenue$6,901,916
Expenses$6,631,594
Net Income$270,322
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Aug 16, 2024
Return Version
2022v5.0
Gross Receipts
$6,901,916
Mission and Program Overview

Mission

Through a broad and challenging curriculum, a diverse, faith-centered community and a commitment to Christian service, Preston High School empowers young women by providing them with the skills needed to become compassionate leaders for change in their world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,960,525$2,828,823▼ $131,702
Cash and Non-Interest-Bearing Accounts$1,125,867$1,185,220▲ $59,353
Accounts Receivable$191,137$259,120▲ $67,983
Prepaid Expenses and Deferred Charges$115,442$126,854▲ $11,412
Investments in Publicly Traded Securities$13,569$18,038▲ $4,469
Total Assets$4,475,966$4,977,743▲ $501,777
Other Assets Total$69,426$559,688▲ $490,262
Liabilities
Deferred Revenue$1,228,266$1,148,255▼ $80,011
Mortgage Notes Payable Secured by Investment Property$776,800$776,800→ $0
Other Liabilities$184,924$606,916▲ $421,992
Accounts Payable and Accrued Expenses$180,400$69,874▼ $110,526
Total Liabilities$2,370,390$2,601,845▲ $231,455
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,076,326$2,340,898▲ $264,572
Net Assets With Donor Restrictions$29,250$35,000▲ $5,750
Total Net Assets Fund Balance$2,105,576$2,375,898▲ $270,322
Total Liabilities and Net Assets / Fund Balance$4,475,966$4,977,743▲ $501,777

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,524,764$1,422,078$3,946,842
Equipment$304,059$811,907$1,115,966
Land$0--
Other Assets Org$33,832--
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Cristina FragaleSenior Director of Recruitment and DevelopmentFT$123,900$123,900
Jennifer ConnollyPrincipalFT$118,476$118,476
Pasqualina TrainaDirector of FinancePT$36,668$36,668

Board Members and Trustees

NameTitle
Donna SpitzPresident
Judge Doris GonzalezMember
Lorrin JohnsonMember
Sr Laura DonovanRDCMember
Tanya DouglasMember
Laura DeMaria-DeMattiaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,700,327
Program Service Revenue
$5,025,368
Investment Income
$2,583
Other Revenue
$173,638
All Other Contributions
$682,322
Change in Net Assets
$270,322

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,555,560
Revenue Not Reported on Financial Statements
$1,346,356
Other Revenue Adjustments
$1,346,356
Total Revenue per Audited Statements
$5,555,560
Total Revenue per Form 990
$6,901,916
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,693,323
Other Expenses$1,591,915
Grants and Similar Amounts Paid$1,346,356
Total Fundraising Expense$424,373
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,686,005$884,880$208,794$2,779,679
Grants to Domestic Individuals$1,346,356--$1,346,356
Fees for Services Other$0$380,318$0$380,318
Current Officers, Directors, Trustees, and Key Employees$169,253$88,831$20,960$279,044
Other Employee Benefits$145,078$76,143$17,966$239,187
Payroll Taxes$128,903$67,653$15,964$212,520
Occupancy$141,787$29,930$24,268$195,985
Information Technology$161,762$31,028$0$192,790
Pension Plan Contributions$110,933$58,222$13,738$182,893
Depreciation Depletion$131,718$27,805$22,544$182,067
Office Expenses$43,439$3,709$43,291$90,439
Insurance$51,413$10,853$8,800$71,066
Fees for Services Legal$0$44,539$0$44,539
Other Expenses$0$767$0$767
Total Functional Expenses$4,327,484$1,879,737$424,373$6,631,594

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,631,594
Expenses per Audited Statements$5,285,238
Total Expenses per Audited Statements$5,285,238
Expenses Not Reported on Financial Statements$1,346,356
Other Expense Adjustments$1,346,356
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right-of -use liabilities$525,856
Other liability, student clubs$81,060
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Preston High School
EIN
13-1853768
Phone
7188639134
Address
2780 Schurz Avenue, Bronx, NY 10465

Signing Officer

Name
Pasqualina Traina
Title
Director of Finance
Phone
7188639134
Signed
2024-08-16
Discuss with paid preparer
Yes

Organization Details

Formed
1947
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
66
Volunteers
10

Preparer

Firm
Zielinski & Associates Pc
Address
1859 BOWLES AVENUE SUITE 100, FENTON, MO 63026
Preparer
Barbara M Zielinski
Phone
3146442150
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“A draft of the 990 is provided to all board members for review and approval before e-filing.”

Pt VI, Line 12C

“Each trustee, officer and committee member is required to complete, sign and submit to the Board President a Certificate of Acknowledgement.”

Pt VI, Line 15A

“PHS performs periodic reviews of compensation arrangements and benefits to determine if they are reasonable, based on competent survey information, and the result of arm's length bargaining.”

Pt VI, Line 15B

“PHS performs periodic reviews of compensation arrangements and benefits to determine if they are reasonable, based on competent survey information, and the result of arm's length bargaining.”

Financial Statement Notes

Pt X, Line 2

“Accounting for Uncertainty in Income Taxes The School recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined the School had no uncertain tax positions that would require financial statement recognition or disclosure. The School is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to August 31, 2020. As a 501(c)(3) organization, the School is not required to file the 1120, nor the informational 990 returns.”

Pt XI, Line 4B

“Academic scholarships and tuition assistance is net with tuition and fees on the audited financials.”

Pt XII, Line 4B

“Academic scholarships and tuition assistance is net with tuition and fees on the audited financials.”

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IRS990/Desc0Preston High School (PHS)graduated 97 students in the class of 2023, who earned over $27 million in college scholarships and grants. The PHS Soccer Team won the Tier 3 City championship of the 22-23 school year. PHS raised over 12,000 pounds of food to support local food pantries for the past two years.
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IRS990/OtherRevenueTotalAmt0173638
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0208794
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0884880
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01686005
IRS990/OtherSalariesAndWagesGrp/TotalAmt02779679
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt015964
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt067653
IRS990/PayrollTaxesGrp/ProgramServicesAmt0128903
IRS990/PayrollTaxesGrp/TotalAmt0212520
IRS990/PensionPlanContributionsGrp/FundraisingAmt013738
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt058222
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0110933
IRS990/PensionPlanContributionsGrp/TotalAmt0182893
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0115442
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0126854
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Patty Traina
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Tuition and fees
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05025368
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0270322
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03679012
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0304059
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0811907
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01115966
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01346356
IRS990ScheduleD/ExpensesSubtotalAmt05285238
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02524764
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01422078
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03946842
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0525856
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt133832
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Right-of use assets
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Rent deposit
IRS990ScheduleD/OtherExpensesNotIncludedAmt01346356
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0525856
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt181060
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Right-of -use liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Other liability, student clubs
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01346356
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01346356
IRS990ScheduleD/RevenueSubtotalAmt05555560
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Accounting for Uncertainty in Income Taxes The School recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined the School had no uncertain tax positions that would require financial statement recognition or disclosure. The School is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to August 31, 2020. As a 501(c)(3) organization, the School is not required to file the 1120, nor the informational 990 returns.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Academic scholarships and tuition assistance is net with tuition and fees on the audited financials.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Academic scholarships and tuition assistance is net with tuition and fees on the audited financials.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XI, Line 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XII, Line 4b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02828823
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0559688
IRS990ScheduleD/TotalExpensesPerForm990Amt06631594
IRS990ScheduleD/TotalLiabilityAmt0606916
IRS990ScheduleD/TotalRevenuePerForm990Amt06901916
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05555560
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05285238
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PHS has this information publicly accessible on their website under the "About Us" menu tab. PHS has this information publicly accessible on their website under the "About Us" menu tab.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1PHS regularly receives support from the New York Board of Education.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Academic scholarships and tuition assistance
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt01346356
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0Tuition reduction
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0133
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A draft of the 990 is provided to all board members for review and approval before e-filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each trustee, officer and committee member is required to complete, sign and submit to the Board President a Certificate of Acknowledgement.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PHS performs periodic reviews of compensation arrangements and benefits to determine if they are reasonable, based on competent survey information, and the result of arm's length bargaining.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PHS performs periodic reviews of compensation arrangements and benefits to determine if they are reasonable, based on competent survey information, and the result of arm's length bargaining.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04475966
IRS990/TotalAssetsEOYAmt04977743
IRS990/TotalAssetsGrp/BOYAmt04475966

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,977,743
Liabilities
$2,601,845
Net assets
$2,375,898
Revenue
$6,901,916
Expenses
$6,631,594
Net income
$270,322
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.51$1.67$2.84$7.15$6.69$0.46
2023Detailed filing. Detailed filing data is available for this year.$4.98$2.60$2.38$6.90$6.63$0.27