Civic Intelligence

Preparatory Chapter School of Mathmatics Science Technology And

990 • Fiscal year 2017 • EIN 23-2954170

Jul 01, 2016 to Jun 30, 2017 • Filed on May 08, 2018

Organization ProfileN/A
1928 Point Breeze AvePhiladelphia, PA 19145

(215) 463-8503

Siviq Scores

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

Liabilities / Assets

99th percentile

3.34x

Higher debt load relative to assets than 99% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

88th percentile

2.10x

Higher debt load relative to revenue than 88% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

31st percentile

-1.8%

Higher net margin than 31% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

45th percentile

$111,504

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

91st percentile

44%

Faster asset growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

57th percentile

7.3%

Faster revenue growth than 57% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$4,067,649

Up $1,244,156 (+44%) from 2016

Net Assets

Down

-$9,509,914

Down $129,195 (-1.4%) from 2016

Liabilities

Up

$13,577,563

Up $1,373,351 (+11%) from 2016

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin31st percentile

Revenue

Up

$6,467,920

Up $437,295 (+7.3%) from 2016

Expenses

Up

$6,581,980

Up $81,575 (+1.3%) from 2016

Net Income

Up

-$114,060

Up $355,720 (+76%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$20M$10M$0-$10MAssets 2011: $3,707,099Liabilities 2011: $882,849Net Assets 2011: $2,824,2502011Assets 2012: $3,133,093Liabilities 2012: $832,309Net Assets 2012: $2,300,7842012Assets 2013: $3,001,788Liabilities 2013: $1,113,499Net Assets 2013: $1,888,2892013Assets 2014: $2,476,819Liabilities 2014: $912,346Net Assets 2014: $1,564,4732014Assets 2015: $3,085,238Liabilities 2015: $11,996,176Net Assets 2015: -$8,910,9382015Assets 2016: $2,823,493Liabilities 2016: $12,204,212Net Assets 2016: -$9,380,7192016Assets 2017: $4,067,649Liabilities 2017: $13,577,563Net Assets 2017: -$9,509,9142017Assets 2018: $4,203,224Liabilities 2018: $13,354,910Net Assets 2018: -$9,151,6862018Assets 2019: $5,261,124Liabilities 2019: $11,875,349Net Assets 2019: -$6,614,2252019Assets 2020: $6,501,366Liabilities 2020: $10,456,880Net Assets 2020: -$3,955,5142020Assets 2021: $8,964,053Liabilities 2021: $9,639,288Net Assets 2021: -$675,2352021Assets 2022: $11,082,122Liabilities 2022: $8,326,177Net Assets 2022: $2,755,9452022Assets 2023: $13,174,621Liabilities 2023: $7,613,898Net Assets 2023: $5,560,7232023Assets 2024: $16,023,808Liabilities 2024: $7,200,084Net Assets 2024: $8,823,7242024

Highlighted filing

2017

Assets$4,067,649
Liabilities$13,577,563
Net Assets-$9,509,914
Open 2017 Filing

Operations Trend

Revenue Growth57th percentile

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

$15M$10M$5.0M$0-$5.0M-$10MRevenue 2011: $6,574,012Expenses 2011: $7,001,204Net Income 2011: -$427,1922011Revenue 2012: $6,241,006Expenses 2012: $6,747,568Net Income 2012: -$506,5622012Expenses 2013: $6,425,6872013Revenue 2014: $6,418,752Expenses 2014: $6,742,568Net Income 2014: -$323,8162014Revenue 2015: $6,399,348Expenses 2015: $6,998,371Net Income 2015: -$599,0232015Revenue 2016: $6,030,625Expenses 2016: $6,500,405Net Income 2016: -$469,7802016Revenue 2017: $6,467,920Expenses 2017: $6,581,980Net Income 2017: -$114,0602017Revenue 2018: $1,567,013Expenses 2018: $7,349,147Net Income 2018: -$5,782,1342018Revenue 2019: $8,088,017Expenses 2019: $5,550,556Net Income 2019: $2,537,4612019Revenue 2020: $8,889,759Expenses 2020: $6,231,048Net Income 2020: $2,658,7112020Revenue 2021: $10,114,968Expenses 2021: $6,834,689Net Income 2021: $3,280,2792021Revenue 2022: $11,236,766Expenses 2022: $7,805,586Net Income 2022: $3,431,1802022Revenue 2023: $11,328,139Expenses 2023: $8,523,361Net Income 2023: $2,804,7782023Revenue 2024: $12,808,356Expenses 2024: $9,545,355Net Income 2024: $3,263,0012024

Highlighted filing

2017

Revenue$6,467,920
Expenses$6,581,980
Net Income-$114,060
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 8, 2018
Return Version
2016v3.0
Gross Receipts
$6,467,920
Mission and Program Overview

Mission

Basic education for High School students

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,419,542$1,134,019▼ $285,523
Pd in Cap Srpls Land Bldg Eqp Fund$1,419,542$1,134,019▼ $285,523
Cash and Non-Interest-Bearing Accounts$121,622$584,584▲ $462,962
Accounts Receivable$176,743$143,626▼ $33,117
Prepaid Expenses and Deferred Charges$79,250$74,982▼ $4,268
Savings and Temporary Cash Investments$40,440$40,440→ $0
Rtn Earn Endowment Incm Other Fnds$-10,800,261$-10,643,933▲ $156,328
Total Assets$2,823,493$4,067,649▲ $1,244,156
Other Assets Total$985,896$2,089,998▲ $1,104,102
Liabilities
Other Liabilities$11,465,819$12,948,970▲ $1,483,151
Accounts Payable and Accrued Expenses$685,337$622,656▼ $62,681
Deferred Revenue$53,056$5,937▼ $47,119
Total Liabilities$12,204,212$13,577,563▲ $1,373,351
Net Assets / Fund Balance
Total Net Assets Fund Balance$-9,380,719$-9,509,914▼ $129,195
Total Liabilities and Net Assets / Fund Balance$2,823,493$4,067,649▲ $1,244,156

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,310,364-
Leasehold Improvements$1,134,019$2,756,253-
Other Assets Org$2,089,998--
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen Shannon--$111,504$266,243$377,747
Karen ShannonPrincipalFT$111,504-$111,504
Joann MooreVice PrincipalFT$102,588-$102,588
Chadwick AntonioCEOFT$83,125-$83,125

Board Members and Trustees

NameTitle
Michael GiangirodanoPresident
Frederic D MusilliVice President
Carmen SanchezCPAC Member
DANEE' WRIGHTCPAC Member
Diane LucidiMember
Hon Vincent MelchiorreMember
Jennifer MassenburgMember
Joseph CowgillMember
Ronald TyreeMember
Christine FormosaSecretary
Joseph FranchittiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,466,748
Investment Income
$1,172
Other Revenue
$0
Change in Net Assets
$-114,060
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,421,027
Other Expenses$1,160,953
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,943,383$1,178,351$0$3,121,734
Pension Plan Contributions$786,032$441,879$0$1,227,911
Other Employee Benefits$482,547$338,361$0$820,908
Depreciation Depletion$0$285,523$0$285,523
Payroll Taxes$167,420$83,054$0$250,474
Occupancy$0$211,000$0$211,000
Fees for Services Other$139,100$3,000$0$142,100
Fees for Services Legal$0$125,450$0$125,450
All Other Expenses$30,292$70,265$0$100,557
Other Expenses$0$81,623$0$81,623
Fees for Services Accounting$0$52,425$0$52,425
Travel$125$4,426$0$4,551
Advertising$0$712$0$712
Total Functional Expenses$3,648,428$2,933,552$0$6,581,980
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Friends of Prep CharterLandlordRentalNo$210,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pension Liability$12,241,000
Deferred Inflow of Resources$509,000
Compensated Absenses Payable$198,970
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
Yes
Business relationship with organization members
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
The Preparatory Charter School
EIN
23-2954170
Phone
2154638503
Address
1928 Point Breeze Ave, Philadelphia, PA 19145

Signing Officer

Name
Michael Giangiordano
Title
President
Phone
2154638503
Signed
2018-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Giangiordano
Formed
1998
Legal Domicile
Pa
Voting Board Members
11
Independent Board Members
11
Employees
83
Volunteers
0

Preparer

Firm
Repice & Taylor Inc
Address
2901 S 15TH ST, PHILADELPHIA, PA 19145-4916
Preparer
Anthony Repicecpa
Phone
2157557603
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

“John badagliacco, employee of education first inc. Is related to joseph caruso, employee of charter school”

Pt VI, Line 7A

“Board members have the right to elect board members”

Pt VI, Line 7B

“Governing body approves board minutes”

Pt VI, Line 12C

“School requires officers and employees to disclose any conflict of interest”

Pt VI, Line 15A

“Board approves all employee salaries”

Pt VI, Line 15B

“Board approves all employee salaries”

Pt VI, Line 3

“School has entered into a service agreement with education first inc. To provide educational services and various administrative duties”

Pt VI, Line 11B

“BOARD REVIEWS FORM 990”

Pt XI

“Decrease in accumulated compensation absences”

Form 990, Part IX, Line 24E

“Food 43405. 26161. 17244. 0.”

Form 990, Part IX, Line 24E

“Printing 2626. 2626. 0. 0.”

Form 990, Part IX, Line 24E

“Communication 1505. 1505. 0. 0.”

Form 990, Part IX, Line 24E

“Insurance 13304. 0. 13304. 0.”

Form 990, Part IX, Line 24E

“Student Activities 4740. 0. 4740. 0.”

Form 990, Part IX, Line 24E

“Utilities 34977. 0. 34977. 0.”

Raw XML AppendixShowing 400 of 509 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt01419542
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01134019
IRS990/LandBldgEquipCostOrOtherBssAmt05200636
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Basic education for High School students
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-9380719
IRS990/NetAssetsOrFundBalancesEOYAmt0-9509914
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0211000
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt0211000
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0985896
IRS990/OtherAssetsTotalGrp/EOYAmt02089998
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0338361
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0482547
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0820908
IRS990/OtherExpensesGrp/Desc0Books & supplies
IRS990/OtherExpensesGrp/Desc1Equipment rental
IRS990/OtherExpensesGrp/Desc2Dues & fees
IRS990/OtherExpensesGrp/Desc3Repair & Maint
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt044646
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt212837
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt381623
IRS990/OtherExpensesGrp/ProgramServicesAmt064069
IRS990/OtherExpensesGrp/ProgramServicesAmt132715
IRS990/OtherExpensesGrp/ProgramServicesAmt22745
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt0108715
IRS990/OtherExpensesGrp/TotalAmt132715
IRS990/OtherExpensesGrp/TotalAmt215582
IRS990/OtherExpensesGrp/TotalAmt381623
IRS990/OtherLiabilitiesGrp/BOYAmt011465819
IRS990/OtherLiabilitiesGrp/EOYAmt012948970
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01178351
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01943383
IRS990/OtherSalariesAndWagesGrp/TotalAmt03121734
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt083054
IRS990/PayrollTaxesGrp/ProgramServicesAmt0167420
IRS990/PayrollTaxesGrp/TotalAmt0250474
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01419542
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01134019
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0441879
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0786032
IRS990/PensionPlanContributionsGrp/TotalAmt01227911
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt079250
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt074982
IRS990/PrincipalOfficerNm0MICHAEL GIANGIORDANO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0Local Ed Source
IRS990/ProgramServiceRevenueGrp/Desc1State Source
IRS990/ProgramServiceRevenueGrp/Desc2Federal Source
IRS990/ProgramServiceRevenueGrp/Desc3Other Sources
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05636960
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1206752
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2496659
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3126377
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0681
IRS990/PYOtherExpensesAmt01372950
IRS990/PYProgramServiceRevenueAmt06029944
IRS990/PYRevenuesLessExpensesAmt0-469780
IRS990/PYSalariesCompEmpBnftPaidAmt05127455
IRS990/PYTotalExpensesAmt06500405
IRS990/PYTotalRevenueAmt06030625
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-114060
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt06467920
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-10800261
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-10643933
IRS990/SavingsAndTempCashInvstGrp/BOYAmt040440
IRS990/SavingsAndTempCashInvstGrp/EOYAmt040440
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01310364
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01310364
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01134019
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02756253
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt03890272
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02089998
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOW OF RESOURCES - RELATED TO PENSION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0198970
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112241000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2509000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Compensated Absenses Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED INFLOW OF RESOURCES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01134019
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02089998
IRS990ScheduleD/TotalLiabilityAmt012948970
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0CHARTER SCHOOL LAW PROHIBITS DISCRIMINATION CHARTER SCHOOL LAW PROHIBITS DISCRIMINATION
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0111504
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt033485
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt0232758
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KAREN SHANNON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0377747
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0FRIENDS OF PREP CHARTER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Landlord
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0210000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Rental
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JOHN BADAGLIACCO, EMPLOYEE OF EDUCATION FIRST INC. IS RELATED TO JOSEPH CARUSO, EMPLOYEE OF CHARTER SCHOOL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS HAVE THE RIGHT TO ELECT BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING BODY APPROVES BOARD MINUTES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SCHOOL REQUIRES OFFICERS AND EMPLOYEES TO DISCLOSE ANY CONFLICT OF INTEREST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD APPROVES ALL EMPLOYEE SALARIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD APPROVES ALL EMPLOYEE SALARIES

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,067,649
Liabilities
$13,577,563
Net assets
-$9,509,914
Revenue
$6,467,920
Expenses
$6,581,980
Net income
-$114,060
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.0$7.20$8.82$12.8$9.55$3.26
2023Detailed filing. Detailed filing data is available for this year.$13.2$7.61$5.56$11.3$8.52$2.80
2022Detailed filing. Detailed filing data is available for this year.$11.1$8.33$2.76$11.2$7.81$3.43
2021Detailed filing. Detailed filing data is available for this year.$8.96$9.64$0.68$10.1$6.83$3.28
2020Detailed filing. Detailed filing data is available for this year.$6.50$10.5$3.96$8.89$6.23$2.66
2019Detailed filing. Detailed filing data is available for this year.$5.26$11.9$6.61$8.09$5.55$2.54
2018Detailed filing. Detailed filing data is available for this year.$4.20$13.4$9.15$1.57$7.35$5.78
2017Detailed filing. Detailed filing data is available for this year.$4.07$13.6$9.51$6.47$6.58$0.11
2016Detailed filing. Detailed filing data is available for this year.$2.82$12.2$9.38$6.03$6.50$0.47
2015Detailed filing. Detailed filing data is available for this year.$3.09$12.0$8.91$6.40$7.00$0.60
2014Detailed filing. Detailed filing data is available for this year.$2.48$0.91$1.56$6.42$6.74$0.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.00$1.11$1.89$6.43
2012Summary only. Only limited summary data is available for this year.$3.13$0.83$2.30$6.24$6.75$0.51
2011Summary only. Only limited summary data is available for this year.$3.71$0.88$2.82$6.57$7.00$0.43