Civic Intelligence

Harlem Prep Charter School

990 • Fiscal year 2015 • EIN 13-4177265

Jul 01, 2014 to Jun 30, 2015 • Filed on May 13, 2016

Organization ProfileWWW.DEMOCRACYPREP.ORG

View Organization Page

1767 Park Avenue 3rd FloorNew York, NY 10035

(212) 281-1248

Siviq Scores

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

Liabilities / Assets

57th percentile

0.31x

Higher debt load relative to assets than 57% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

49th percentile

0.23x

Higher debt load relative to revenue than 49% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

55th percentile

4.2%

Higher net margin than 55% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

14th percentile

$58,084

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

84th percentile

17%

Faster asset growth than 84% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

72nd percentile

13%

Faster revenue growth than 72% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$8,394,561

Up $1,241,008 (+17%) from 2014

Net Assets

Up

$5,765,563

Up $473,792 (+9.0%) from 2014

Liabilities

Up

$2,628,998

Up $767,216 (+41%) from 2014

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin55th percentile

Revenue

Up

$11,225,966

Up $1,289,054 (+13%) from 2014

Expenses

Up

$10,752,174

Up $1,328,056 (+14%) from 2014

Net Income

Down

$473,792

Down $39,002 (-7.6%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

$10M$5.0M$0Assets 2010: $6,248,345Liabilities 2010: $967,788Net Assets 2010: $5,280,5572010Assets 2011: $5,333,667Liabilities 2011: $1,215,417Net Assets 2011: $4,118,2502011Assets 2012: $4,982,551Liabilities 2012: $702,741Net Assets 2012: $4,279,8102012Assets 2013: $5,612,603Liabilities 2013: $833,626Net Assets 2013: $4,778,9772013Assets 2014: $7,153,553Liabilities 2014: $1,861,782Net Assets 2014: $5,291,7712014Assets 2015: $8,394,561Liabilities 2015: $2,628,998Net Assets 2015: $5,765,5632015Assets 2016: $7,436,191Liabilities 2016: $1,285,096Net Assets 2016: $6,151,0952016Assets 2017: $7,934,213Liabilities 2017: $2,495,510Net Assets 2017: $5,438,7032017

Highlighted filing

2015

Assets$8,394,561
Liabilities$2,628,998
Net Assets$5,765,563
Open 2015 Filing

Operations Trend

Revenue Growth72nd percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $5,608,9242010Expenses 2011: $5,577,8372011Expenses 2012: $4,659,6972012Expenses 2013: $7,563,6922013Revenue 2014: $9,936,912Expenses 2014: $9,424,118Net Income 2014: $512,7942014Revenue 2015: $11,225,966Expenses 2015: $10,752,174Net Income 2015: $473,7922015Revenue 2016: $10,828,994Expenses 2016: $10,764,004Net Income 2016: $64,9902016Revenue 2017: $13,790,925Expenses 2017: $14,503,317Net Income 2017: -$712,3922017

Highlighted filing

2015

Revenue$11,225,966
Expenses$10,752,174
Net Income$473,792
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 13, 2016
Return Version
2014v6.0
Gross Receipts
$11,225,966
Mission and Program Overview

Mission

The school offers classroom instruction and programs that encourage and foster creativity and team planning while meeting the new york state educational standards.

To educate scholars for success in the college of their choice and a life of active citizenship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,744,728$4,359,759▲ $1,615,031
Land, Buildings, and Equipment, Net$2,245,600$1,901,119▼ $344,481
Savings and Temporary Cash Investments$1,273,007$1,273,041▲ $34
Pledges and Grants Receivable$732,340$782,279▲ $49,939
Prepaid Expenses and Deferred Charges$82,507$2,891▼ $79,616
Total Assets$7,153,553$8,394,561▲ $1,241,008
Other Assets Total$75,371$75,472▲ $101
Liabilities
Accounts Payable and Accrued Expenses$1,539,881$2,301,633▲ $761,752
Other Liabilities$275,909$294,989▲ $19,080
Deferred Revenue$45,992$32,376▼ $13,616
Total Liabilities$1,861,782$2,628,998▲ $767,216
Net Assets / Fund Balance
Unrestricted Net Assets$5,291,771$5,765,563▲ $473,792
Total Net Assets Fund Balance$5,291,771$5,765,563▲ $473,792
Total Liabilities and Net Assets / Fund Balance$7,153,553$8,394,561▲ $1,241,008

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,744,024$4,300,711$6,044,735
Equipment$137,868$754,779$892,647
Other Land Buildings$19,227$225,540$244,767
Compensation and Service Providers
Top Officer Pay14th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve CunningExecutive DirectorFT$52,339$5,745$58,084

Board Members and Trustees

NameTitle
Douglas SnyderBoard Chair
Jake FoleyVich Chair
Anthony ManleyTrustee
Chris JacksonTrustee
Jamal EppsTrustee
Kellie ZeschTrustee
Preston HenskeTrustee
Roger BergTrustee
Tom KearneyTrustee
Trevor GibbonsTrustee
Howard SchnidmanChief Financial Officer- Dpps
Colin BeirneTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Democracy Prep Public SchoolsManagement Services1767 PARK AVENUE 3RD FLOOR, New York, NY 10035$1,462,202
Democracy Builders INCCanvassing And Student Recruitment Servi2130 ADAM CLAYTON POWEL BOULEVARD, New York, NY 10027$141,788
Revenue and Support

Revenue Composition

Contributions and Grants
$1,128,702
Program Service Revenue
$10,075,895
Investment Income
$135
Other Revenue
$21,234
All Other Contributions
$33,584
Change in Net Assets
$473,792

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,225,966
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$11,225,966
Total Revenue per Form 990
$11,225,966
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,188,858
Other Expenses$4,563,316
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,206,362$876,311-$5,082,673
Fees for Services Management$1,227,898$255,808-$1,483,706
Other Employee Benefits$409,120$85,231-$494,351
Office Expenses$328,704$155,159-$483,863
Occupancy$470,213$6,703-$476,916
Depreciation Depletion$409,521$55,844-$465,365
Fees for Services Other$375,029$41,356-$416,385
Payroll Taxes$318,128$66,276-$384,404
Current Officers, Directors, Trustees, and Key Employees$96,993$20,207-$117,200
Pension Plan Contributions$91,225$19,005-$110,230
Information Technology$80,282$8,921-$89,203
Insurance$68,436$7,604-$76,040
Other Expenses$96,745$42,817-$42,817
Advertising$35,705--$35,705
Fees for Services Accounting-$22,750-$22,750
All Other Expenses$3,796$12,419-$16,215
Travel$8,009$882-$8,891
Interest$3,581$398-$3,979
Total Functional Expenses$9,025,306$1,726,868$0$10,752,174

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,752,174
Total Expenses per Audited Statements$10,752,174
Total Expenses per Form 990$10,752,174
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Deferred Rent$262,749
Capital Lease$32,240
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 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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The school entered into a management agreement with democracy prep public school to assume responsibility for the school's educational process, management, and operations.”

Form 990, Part VI, Section B, Line 11

“Form 990 is reviewed by management and the finance and audit committee of the board of trustees for approval. If changes are required, the school will then forward to the auditing firm and a final version will be distributed to all board members prior to the irs submission.”

Form 990, Part VI, Section B, Line 12C

“The school shares its conflict of interest policy with board members and officers on an annual basis. Officers, directors, and key employees are expected to declare if at any point a conflict of interest arises.”

Form 990, Part VI, Section B, Line 15

“Comparable data is used by the board when determining the compensation of officers and key employees.”

Form 990, Part VI, Section C, Line 19

“Upon request, the school makes available to the public its governing documents, conflict of interst policy, and financial statements.”

Filing and Contact Details

Filer

Filer Name
Harlem Prep Charter School
EIN
13-4177265
Phone
2122811248
Address
1767 PARK AVENUE 3RD FLOOR, NEW YORK, NY 10035

Signing Officer

Name
Douglas Snyder
Title
Board Chair
Phone
2122811248
Signed
2016-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Douglas Snyder
Formed
2001
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
134
Volunteers
0

Preparer

Firm
Fruchter Rosen & Company Pc
Address
156 WEST 56TH STREET SUITE 1804, NEW YORK, NY 10019
Preparer
Gus Saliba
Phone
2129573600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2C:

“The school has a finance and audit committee that is responsible for oversight of the audit and selection of the independent auditor..”

Financial Statement Notes

PART X, LINE 2:

“The school's accounting policy provides that a tax expense or benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. The school has no uncertain tax position resulting in an accrual of tax expense or benefit.”

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IRS990/InsuranceGrp/TotalAmt076040
IRS990/InterestGrp/ManagementAndGeneralAmt0398
IRS990/InterestGrp/ProgramServicesAmt03581
IRS990/InterestGrp/TotalAmt03979
IRS990/InvestmentIncomeGrp/ExclusionAmt0135
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0135
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05281030
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02245600
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01901119
IRS990/LandBldgEquipCostOrOtherBssAmt07182149
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE SCHOOL OFFERS CLASSROOM INSTRUCTION AND PROGRAMS THAT ENCOURAGE AND FOSTER CREATIVITY AND TEAM PLANNING WHILE MEETING THE NEW YORK STATE EDUCATIONAL STANDARDS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05291771
IRS990/NetAssetsOrFundBalancesEOYAmt05765563
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt06703
IRS990/OccupancyGrp/ProgramServicesAmt0470213
IRS990/OccupancyGrp/TotalAmt0476916
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0155159
IRS990/OfficeExpensesGrp/ProgramServicesAmt0328704
IRS990/OfficeExpensesGrp/TotalAmt0483863
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt075371
IRS990/OtherAssetsTotalGrp/EOYAmt075472
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt085231
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0409120
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0494351
IRS990/OtherExpensesGrp/Desc0FOOD SERVICE
IRS990/OtherExpensesGrp/Desc1CURRICULUM AND TEXTBOOK
IRS990/OtherExpensesGrp/Desc2STUDENT FIELD TRIPS
IRS990/OtherExpensesGrp/Desc3NON-CAPITALIZED FURNITU
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt038428
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110749
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt242817
IRS990/OtherExpensesGrp/ProgramServicesAmt0443927
IRS990/OtherExpensesGrp/ProgramServicesAmt1351632
IRS990/OtherExpensesGrp/ProgramServicesAmt296745
IRS990/OtherExpensesGrp/TotalAmt0443927
IRS990/OtherExpensesGrp/TotalAmt1390060
IRS990/OtherExpensesGrp/TotalAmt2107494
IRS990/OtherExpensesGrp/TotalAmt342817
IRS990/OtherLiabilitiesGrp/BOYAmt0275909
IRS990/OtherLiabilitiesGrp/EOYAmt0294989
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt021234
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt021234
IRS990/OtherRevenueTotalAmt021234
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0876311
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04206362
IRS990/OtherSalariesAndWagesGrp/TotalAmt05082673
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt066276
IRS990/PayrollTaxesGrp/ProgramServicesAmt0318128
IRS990/PayrollTaxesGrp/TotalAmt0384404
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt019005
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt091225
IRS990/PensionPlanContributionsGrp/TotalAmt0110230
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0732340
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0782279
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt082507
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02891
IRS990/PrincipalOfficerNm0DOUGLAS SNYDER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0GOV'T PER-PUPIL REV.
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010075895
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010075895
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0923006
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0180
IRS990/PYOtherExpensesAmt03967434
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt09013726
IRS990/PYRevenuesLessExpensesAmt0512794
IRS990/PYSalariesCompEmpBnftPaidAmt05456684
IRS990/PYTotalExpensesAmt09424118
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09936912
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0473792
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt010075895
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01273007
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01273041
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0137868
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0754779
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0892647
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt010752174
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01744024
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04300711
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt06044735
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt019227
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0225540
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0244767
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0262749
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt132240
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CAPITAL LEASE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt011225966
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. THE SCHOOL HAS NO UNCERTAIN TAX POSITION RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01901119
IRS990ScheduleD/TotalExpensesPerForm990Amt010752174
IRS990ScheduleD/TotalLiabilityAmt0294989
IRS990ScheduleD/TotalRevenuePerForm990Amt011225966
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011225966
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010752174
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0POLICY IS CLEARLY STATED ON APPLICATION, COMMUNICATIONS TO PROSPECTIVE APPLICANTS, AND SCHOOL'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES PER-PUPIL FUNDING FROM THE NYC BOARD OF EDUCATION UNDER THEIR CHARTER AGREEMENT. THE SCHOOL ALSO RECEIVES VARIOUS FEDERAL, STATE, AND CITY FUNDING INCLUDING FEDERAL ENTITLEMENTS TO ASSIST WITH COVERING THE COST OF CERTAIN PROGRAMS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL ENTERED INTO A MANAGEMENT AGREEMENT WITH DEMOCRACY PREP PUBLIC SCHOOL TO ASSUME RESPONSIBILITY FOR THE SCHOOL'S EDUCATIONAL PROCESS, MANAGEMENT, AND OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY MANAGEMENT AND THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR APPROVAL. IF CHANGES ARE REQUIRED, THE SCHOOL WILL THEN FORWARD TO THE AUDITING FIRM AND A FINAL VERSION WILL BE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO THE IRS SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL SHARES ITS CONFLICT OF INTEREST POLICY WITH BOARD MEMBERS AND OFFICERS ON AN ANNUAL BASIS. OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE EXPECTED TO DECLARE IF AT ANY POINT A CONFLICT OF INTEREST ARISES.

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,394,561
Liabilities
$2,628,998
Net assets
$5,765,563
Revenue
$11,225,966
Expenses
$10,752,174
Net income
$473,792
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.93$2.50$5.44$13.8$14.5$0.71
2016Summary only. Only limited summary data is available for this year.$7.44$1.29$6.15$10.8$10.8$0.06
2015Detailed filing. Detailed filing data is available for this year.$8.39$2.63$5.77$11.2$10.8$0.47
2014Detailed filing. Detailed filing data is available for this year.$7.15$1.86$5.29$9.94$9.42$0.51
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.61$0.83$4.78$7.56
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.98$0.70$4.28$4.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.33$1.22$4.12$5.58
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.25$0.97$5.28$5.61