Civic Intelligence

Prospect Schools Inc.

990 • Fiscal year 2018 • EIN 33-1174065

Jul 01, 2017 to Jun 30, 2018 • Filed on May 21, 2019

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

25th percentile

0.01x

Higher debt load relative to assets than 25% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

26th percentile

0.01x

Higher debt load relative to revenue than 26% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Net Margin

71st percentile

14%

Higher net margin than 71% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

90th percentile

$228,818

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 16.7% of source-year revenue.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Asset Growth

48th percentile

2.5%

Faster asset growth than 48% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

52nd percentile

5.3%

Faster revenue growth than 52% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,824,874

Up $44,984 (+2.5%) from 2017

Net Assets

Up

$1,808,739

Up $196,293 (+12%) from 2017

Liabilities

Down

$16,135

Down $151,309 (-90%) from 2017

Revenue

Up

$1,371,715

Up $69,140 (+5.3%) from 2017

Expenses

Down

$1,175,422

Down $11,510 (-1.0%) from 2017

Net Income

Up

$196,293

Up $80,650 (+70%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$1,824,874
Liabilities$16,135
Net Assets$1,808,739

Operations Trend

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

2018

Revenue$1,371,715
Expenses$1,175,422
Net Income$196,293
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 21, 2019
Return Version
2017v2.3
Gross Receipts
$1,404,434
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$1,625,506$1,645,507▲ $20,001
Cash and Non-Interest-Bearing Accounts$133,594$172,792▲ $39,198
Pledges and Grants Receivable$10,790$0▼ $10,790
Prepaid Expenses and Deferred Charges$10,000$3,589▼ $6,411
Total Assets$1,779,890$1,824,874▲ $44,984
Other Assets Total$0$2,986▲ $2,986
Liabilities
Other Liabilities$146,765$0▼ $146,765
Accounts Payable and Accrued Expenses$20,679$16,135▼ $4,544
Total Liabilities$167,444$16,135▼ $151,309
Net Assets / Fund Balance
Temporarily Rstr Net Assets$326,161$1,319,066▲ $992,905
Unrestricted Net Assets$1,286,285$489,673▼ $796,612
Total Net Assets Fund Balance$1,612,446$1,808,739▲ $196,293
Total Liabilities and Net Assets / Fund Balance$1,779,890$1,824,874▲ $44,984
Compensation and Service Providers

Board Members and Trustees

NameTitle
Luyen ChouBoard Chair
Pearl Rock KaneTrustee
Daniel RubensteinSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,288,473
Program Service Revenue
$0
Investment Income
$917
Other Revenue
$82,325
All Other Contributions
$1,266,298
Change in Net Assets
$196,293

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,371,715
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$32,719
Total Revenue per Audited Statements
$1,404,434
Total Revenue per Form 990
$1,371,715
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,003,803
Other Expenses$126,541
Salaries, Compensation, and Employee Benefits$45,078
Total Fundraising Expense$26,382
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,003,803--$1,003,803
Other Salaries and Wages-$33,000$3,667$36,667
Fees for Services Other-$11,875$8,694$20,569
Office Expenses-$6,871$11,864$18,735
Other Expenses$40,392$13,240$950$13,240
Fees for Services Legal-$11,361-$11,361
Fees for Services Accounting-$7,775-$7,775
Travel$4,546$694$108$5,348
Other Employee Benefits-$3,879$431$4,310
Payroll Taxes-$2,371$263$2,634
Pension Plan Contributions-$1,320$147$1,467
Insurance-$1,155-$1,155
Advertising-$258$258$516
Conferences and Meetings$322--$322
Total Functional Expenses$1,049,063$99,977$26,382$1,175,422

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,208,141
Expenses per Audited Statements$1,175,422
Total Expenses per Form 990$1,175,422
Expenses Not Reported on Form 990$32,719
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Brooklyn Prospect Charter SchoolBrooklyn, NY501(c)(3)General Support.$1,003,803
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$109,794
Fundraising Direct Expenses$32,719
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Gala$131,969$109,794$7,630$102,164
Total Events$131,969$109,794$32,719$77,075
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
2019-05-21
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
1
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, 2015.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses reported on part viii, line 8b: 32,719.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses reported on part viii, line 8b: 32,719.

Raw XML AppendixShowing 400 of 470 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/OtherIncome170Grp/CurrentTaxYearAmt05250
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0405
IRS990ScheduleA/OtherIncome170Grp/TotalAmt05655
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.37970
IRS990ScheduleA/PublicSupportPY170Pct00.47810
IRS990ScheduleA/PublicSupportTotal170Amt01666070
IRS990ScheduleA/SubstantialContributorsTotAmt02634496
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01288473
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01316261
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01064357
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0430294
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0201181
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04300566
IRS990ScheduleA/TotalSupportAmt04387586
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt077075
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt077075
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt032719
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01175422
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt032719
IRS990ScheduleD/OtherRevenueAmt032719
IRS990ScheduleD/RevenueNotReportedAmt032719
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01371715
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, 2015.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSES REPORTED ON PART VIII, LINE 8B: 32,719.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSES REPORTED ON PART VIII, LINE 8B: 32,719.
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/TotalExpensesPerForm990Amt01175422
IRS990ScheduleD/TotalRevenuePerForm990Amt01371715
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01404434
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01208141
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt022175
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt022175
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt032719
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPRING GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt014900
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt014900
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0131969
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0131969
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0109794
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0109794
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt077075
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt07630
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt07630
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt010189
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt010189
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01003803
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/CompensationBasedOnRltdOrgsAmt0197093
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt08110
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt023615
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DANIEL RUBENSTEIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0228818
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 2017. ALL DISCUSSION AND DELIBERATION WAS DOCUMENTED IN THE MINUTES OF THE GOVERNING BOARD.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
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/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0326161
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01319066
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01779890
IRS990/TotalAssetsEOYAmt01824874
IRS990/TotalAssetsGrp/BOYAmt01779890
IRS990/TotalAssetsGrp/EOYAmt01824874
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt01288473
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt026382
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt099977
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01049063
IRS990/TotalFunctionalExpensesGrp/TotalAmt01175422
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0167444

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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