Civic Intelligence

Prospect Schools Inc.

990 • Fiscal year 2017 • EIN 33-1174065

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

Organization Profilen/a
3002 Fort Hamilton ParkwayBrooklyn, NY 11218

(347) 889-7041

Siviq Scores

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

Liabilities / Assets

46th percentile

0.09x

Higher debt load relative to assets than 46% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.13x

Higher debt load relative to revenue than 56% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Net Margin

65th percentile

8.9%

Higher net margin than 65% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

90th percentile

$222,666

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 17.1% of source-year revenue.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Asset Growth

74th percentile

18%

Faster asset growth than 74% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

77th percentile

23%

Faster revenue growth than 77% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$1,779,890

Up $277,271 (+18%) from 2016

Net Assets

Up

$1,612,446

Up $115,643 (+7.7%) from 2016

Liabilities

Up

$167,444

Up $161,628 (+2779%) from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin65th percentile

Revenue

Up

$1,302,575

Up $245,094 (+23%) from 2016

Expenses

Up

$1,186,932

Up $73,036 (+6.6%) from 2016

Net Income

Up

$115,643

Up $172,058 (+305%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $173,128Liabilities 2010: $43,271Net Assets 2010: $129,8572010Assets 2011: $212,991Liabilities 2011: $5,000Net Assets 2011: $207,9912011Assets 2012: $266,354Liabilities 2012: $6,753Net Assets 2012: $259,6012012Assets 2013: $348,637Liabilities 2013: $5,000Net Assets 2013: $343,6372013Assets 2014: $507,691Liabilities 2014: $10,096Net Assets 2014: $497,5952014Assets 2015: $1,560,193Liabilities 2015: $6,975Net Assets 2015: $1,553,2182015Assets 2016: $1,502,619Liabilities 2016: $5,816Net Assets 2016: $1,496,8032016Assets 2017: $1,779,890Liabilities 2017: $167,444Net Assets 2017: $1,612,4462017Assets 2018: $1,824,874Liabilities 2018: $16,135Net Assets 2018: $1,808,7392018Assets 2019: $2,400,447Liabilities 2019: $463,075Net Assets 2019: $1,937,3722019Assets 2020: $3,820,756Liabilities 2020: $800,937Net Assets 2020: $3,019,8192020Assets 2021: $3,261,917Liabilities 2021: $368,172Net Assets 2021: $2,893,7452021Assets 2022: $2,420,982Liabilities 2022: $285,415Net Assets 2022: $2,135,5672022Assets 2023: $6,258,572Liabilities 2023: $4,353,709Net Assets 2023: $1,904,8632023Assets 2024: $5,175,027Liabilities 2024: $3,842,254Net Assets 2024: $1,332,7732024

Highlighted filing

2017

Assets$1,779,890
Liabilities$167,444
Net Assets$1,612,446
Open 2017 Filing

Operations Trend

Revenue Growth77th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2010: $77,167Expenses 2010: $8,659Net Income 2010: $68,5082010Revenue 2011: $88,819Expenses 2011: $10,685Net Income 2011: $78,1342011Revenue 2012: $111,301Expenses 2012: $59,691Net Income 2012: $51,6102012Revenue 2013: $144,247Expenses 2013: $60,211Net Income 2013: $84,0362013Revenue 2014: $284,912Expenses 2014: $130,954Net Income 2014: $153,9582014Revenue 2015: $1,436,637Expenses 2015: $381,014Net Income 2015: $1,055,6232015Revenue 2016: $1,057,481Expenses 2016: $1,113,896Net Income 2016: -$56,4152016Revenue 2017: $1,302,575Expenses 2017: $1,186,932Net Income 2017: $115,6432017Revenue 2018: $1,371,715Expenses 2018: $1,175,422Net Income 2018: $196,2932018Revenue 2019: $4,806,265Expenses 2019: $4,677,632Net Income 2019: $128,6332019Revenue 2020: $7,039,893Expenses 2020: $5,957,446Net Income 2020: $1,082,4472020Revenue 2021: $6,213,918Expenses 2021: $6,339,992Net Income 2021: -$126,0742021Revenue 2022: $6,588,021Expenses 2022: $7,346,199Net Income 2022: -$758,1782022Revenue 2023: $9,043,437Expenses 2023: $9,274,141Net Income 2023: -$230,7042023Revenue 2024: $10,660,191Expenses 2024: $11,232,281Net Income 2024: -$572,0902024

Highlighted filing

2017

Revenue$1,302,575
Expenses$1,186,932
Net Income$115,643
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.0
Gross Receipts
$1,336,636
Mission and Program Overview

Mission

The organization's purpose is to raise funds in support of new york charter schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,137,690$1,625,506▲ $487,816
Cash and Non-Interest-Bearing Accounts$361,352$133,594▼ $227,758
Pledges and Grants Receivable$3,577$10,790▲ $7,213
Prepaid Expenses and Deferred Charges-$10,000-
Total Assets$1,502,619$1,779,890▲ $277,271
Liabilities
Other Liabilities$0$146,765▲ $146,765
Accounts Payable and Accrued Expenses$5,816$20,679▲ $14,863
Total Liabilities$5,816$167,444▲ $161,628
Net Assets / Fund Balance
Unrestricted Net Assets$643,204$1,286,285▲ $643,081
Temporarily Rstr Net Assets$853,599$326,161▼ $527,438
Total Net Assets Fund Balance$1,496,803$1,612,446▲ $115,643
Total Liabilities and Net Assets / Fund Balance$1,502,619$1,779,890▲ $277,271
Compensation and Service Providers
Top Officer Pay90th percentile

Board Members and Trustees

NameTitle
Luyen Chouboard chair
Pearl Rock KaneTrustee
daniEL RUBENSTEINsecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,316,261
Program Service Revenue
$0
Investment Income
$1,022
Other Revenue
$-14,708
All Other Contributions
$1,233,971
Change in Net Assets
$115,643

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table95$27,329cost
Clothing and Household Goods-$8,082cost
Works of Art14$5,775cost
Other Non Cash Contri Table17$5,690cost
Other Non Cash Contri Table8$1,450cost
Books and Publications-$1,127cost
Total Noncash Contributions134$49,453-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,302,575
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$34,061
Total Revenue per Audited Statements
$1,336,636
Total Revenue per Form 990
$1,302,575
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,073,219
Other Expenses$113,713
Total Fundraising Expense$39,477
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,073,219--$1,073,219
Fees for Services Other-$20,345$20,345$40,690
Other Expenses$28,457$4,551$770$33,778
Office Expenses-$6,349$14,813$21,162
Fees for Services Accounting-$7,500-$7,500
Travel$3,209$491$76$3,776
Information Technology--$3,276$3,276
Fees for Services Legal-$2,022-$2,022
Insurance-$1,115-$1,115
Advertising-$197$197$394
Total Functional Expenses$1,104,885$42,570$39,477$1,186,932

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,220,993
Expenses per Audited Statements$1,186,932
Total Expenses per Form 990$1,186,932
Expenses Not Reported on Form 990$34,061
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Brooklyn Prospect Charter SchoolBrooklyn, NY501(c)(3)General Support.$1,073,219
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$34,061
Fundraising Gross Income$17,448
Gaming Gross Income$1,500
Gaming Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
spring gala$99,738$17,448$20,328$-2,880
Total Events$99,738$17,448$34,061$-16,613
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
due to Affiliate$146,765
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

“the board acts on behalf of the organization and no such committees exist.”

Form 990, Part VI, Section B, line 11B

“Form 990 IS REVIEWED BY THE BOARD OF TRUSTEES FOR APPROVAL. IF CHANGES ARE REQUIRED, THE ORGANIZATION WILL THEN FORWARD the form 990 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 12

“THE ORGANIZATION FOLLOWS THE POLICIES OF related party Brooklyn Prospect Charter School, BUT HAS NOT FORMALLY ADOPTED THEM AS ITS' OWN POLICIES.”

Form 990, Part VI, Section C, line 19

“The Organization makes its form 990 available for public inspection as required under section 6104 of the Internal Revenue Code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request at 3002 Fort Hamilton Parkway, Brooklyn, NY 11218, or by calling the organization directly at (347)-889-7041.”

Filing and Contact Details

Filer

Filer Name
Prospect Schools Inc
EIN
33-1174065
Phone
3478897041
Address
3002 FORT HAMILTON PARKWAY, BROOKLYN, NY 11218

Signing Officer

Name
Luyen Chou
Title
Board Chair
Phone
3478897041
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Luyen Chou
Formed
2007
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
300

Preparer

Firm
PKF O'CONNOR DAVIES LLP
Address
665 FIFTH AVENUE, NEW YORK, NY 10022
Preparer
Garrett M Higgins
Phone
2122862600
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“PROSPECT recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that Prospect had no uncertain tax positions that would require financial statement recognition or disclosure. Prospect is no longer subject to examinations by the applicable taxing jurisdictions for years prior to June 30, 2014.”

Part XI, Line 2D - Other Adjustments:

“Special Event Expenses reported on Part VIII, Line 8B: 34,061.”

Part XII, Line 2D - Other Adjustments:

“Special Event Expenses reported on Part VIII, Line 8B: 34,061.”

Raw XML AppendixShowing 400 of 492 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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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0430294
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0201181
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0150164
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03162257
IRS990ScheduleA/TotalSupportAmt03166601
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/ExpensesNotReportedAmt034061
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01186932
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt034061
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0146765
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0due to Affiliate
IRS990ScheduleD/OtherRevenueAmt034061
IRS990ScheduleD/RevenueNotReportedAmt034061
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01302575
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PROSPECT recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that Prospect had no uncertain tax positions that would require financial statement recognition or disclosure. Prospect is no longer subject to examinations by the applicable taxing jurisdictions for years prior to June 30, 2014.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Special Event Expenses reported on Part VIII, Line 8B: 34,061.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Special Event Expenses reported on Part VIII, Line 8B: 34,061.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01186932
IRS990ScheduleD/TotalLiabilityAmt0146765
IRS990ScheduleD/TotalRevenuePerForm990Amt01302575
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01336636
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01220993
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt082290
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt082290
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt034061
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0619
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0619
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0spring gala
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt013114
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt013114
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt099738
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt099738
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt017448
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt017448
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-16613
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt020328
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt020328
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01073219
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General Support.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BROOKLYN PROSPECT CHARTER SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0263206518
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03002 FORT HAMILTON PARKWAY
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BROOKLYN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd011218
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Organization was established to raise funds in support of the operations of Brooklyn Prospect Charter School. Each year, the money raised as part of the organization's Annual Fund is donated to Brooklyn Prospect Charter School to be spent on general operating expenses of the school. The Organization does not provide grants or assistance to any organizations other than Brooklyn Prospect Charter School.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0191855
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt07912
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt022899
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0daniEL RUBENSTEIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0222666
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Prospect Schools, Inc. does not provide compensation to any of its top management officials. The salary paid to top management officials is paid by Brooklyn Prospect Charter School, a related organization. The following is their compensation policy: Compensation of the organizations officers is based on comparable data provided from the department of education. The executive committee and the board of directors reviewed, determined and last approved compensation in 2016. All discussion and deliberation was documented in the minutes of the governing board.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/BooksAndPublicationsGrp/MethodOfDeterminingRevenuesTxt0cost
IRS990ScheduleM/BooksAndPublicationsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/BooksAndPublicationsGrp/NoncashContributionsRptF990Amt01127
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/MethodOfDeterminingRevenuesTxt0cost
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NoncashContributionsRptF990Amt08082
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt095
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt117
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt28
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0entertainment
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1educational
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2certificates/giftcards
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0cost
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1cost
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2cost
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd2X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt027329
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt15690
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt21450
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0Part I, Column (B): Column (B) reports the number of contributors.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Column (b):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990ScheduleM/WorksOfArtGrp/ContributionCnt014
IRS990ScheduleM/WorksOfArtGrp/MethodOfDeterminingRevenuesTxt0cost
IRS990ScheduleM/WorksOfArtGrp/NonCashCheckboxInd0X
IRS990ScheduleM/WorksOfArtGrp/NoncashContributionsRptF990Amt05775
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0the board acts on behalf of the organization and no such committees exist.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 IS REVIEWED BY THE BOARD OF TRUSTEES FOR APPROVAL. IF CHANGES ARE REQUIRED, THE ORGANIZATION WILL THEN FORWARD the form 990 TO THE AUDITING FIRM AND A FINAL VERSION WILL BE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO THE IRS SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION FOLLOWS THE POLICIES OF related party Brooklyn Prospect Charter School, BUT HAS NOT FORMALLY ADOPTED THEM AS ITS' OWN POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization makes its form 990 available for public inspection as required under section 6104 of the Internal Revenue Code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request at 3002 Fort Hamilton Parkway, Brooklyn, NY 11218, or by calling the organization directly at (347)-889-7041.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Brooklyn Prospect Charter School
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0263206518
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0School
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03002 Fort hamilton Parkway
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Brooklyn
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd011218
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,779,890
Liabilities
$167,444
Net assets
$1,612,446
Revenue
$1,302,575
Expenses
$1,186,932
Net income
$115,643
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.18$3.84$1.33$10.7$11.2$0.57
2023Detailed filing. Detailed filing data is available for this year.$6.26$4.35$1.90$9.04$9.27$0.23
2022Detailed filing. Detailed filing data is available for this year.$2.42$0.29$2.14$6.59$7.35$0.76
2021Detailed filing. Detailed filing data is available for this year.$3.26$0.37$2.89$6.21$6.34$0.13
2020Detailed filing. Detailed filing data is available for this year.$3.82$0.80$3.02$7.04$5.96$1.08
2019Detailed filing. Detailed filing data is available for this year.$2.40$0.46$1.94$4.81$4.68$0.13
2018Detailed filing. Detailed filing data is available for this year.$1.82$0.02$1.81$1.37$1.18$0.20
2017Detailed filing. Detailed filing data is available for this year.$1.78$0.17$1.61$1.30$1.19$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.50$0.01$1.50$1.06$1.11$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.56$0.01$1.55$1.44$0.38$1.06
2014Detailed filing. Detailed filing data is available for this year.$0.51$0.01$0.50$0.28$0.13$0.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.01$0.34$0.14$0.06$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.01$0.26$0.11$0.06$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.01$0.21$0.09$0.01$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.04$0.13$0.08$0.01$0.07
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