Civic Intelligence

Newburgh Preparatory Charter High School

990 • Fiscal year 2017 • EIN 46-1610910

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 25, 2017

471 BroadwayNewburgh, NY 12550

(845) 565-4040

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.02x

Higher debt load relative to assets than 33% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

21st percentile

0.01x

Higher debt load relative to revenue than 21% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

75th percentile

17%

Higher net margin than 75% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

50th percentile

$62,271

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

91st percentile

48%

Faster asset growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

66th percentile

13%

Faster revenue growth than 66% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$535,615

Up $173,675 (+48%) from 2016

Net Assets

Up

$522,450

Up $269,040 (+106%) from 2016

Liabilities

Down

$13,165

Down $95,365 (-88%) from 2016

Revenue

Up

$1,564,536

Up $180,119 (+13%) from 2016

Expenses

Up

$1,295,496

Up $48,514 (+3.9%) from 2016

Net Income

Up

$269,040

Up $131,605 (+96%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2013: $70,947Net Assets 2013: $70,9472013Assets 2014: $244,346Liabilities 2014: $113,283Net Assets 2014: $131,0632014Assets 2015: $465,539Liabilities 2015: $283,614Net Assets 2015: $181,9252015Assets 2016: $361,940Liabilities 2016: $108,530Net Assets 2016: $253,4102016Assets 2017: $535,615Liabilities 2017: $13,165Net Assets 2017: $522,4502017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2017

Assets$535,615
Liabilities$13,165
Net Assets$522,450

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2013: $84,219Expenses 2013: $13,272Net Income 2013: $70,9472013Revenue 2014: $1,160,629Expenses 2014: $1,100,513Net Income 2014: $60,1162014Revenue 2015: $1,187,108Expenses 2015: $1,136,246Net Income 2015: $50,8622015Revenue 2016: $1,384,417Expenses 2016: $1,246,982Net Income 2016: $137,4352016Revenue 2017: $1,564,536Expenses 2017: $1,295,496Net Income 2017: $269,0402017Revenue 2018: -$55,621Expenses 2018: $136,615Net Income 2018: -$192,2362018

Highlighted filing

2017

Revenue$1,564,536
Expenses$1,295,496
Net Income$269,040
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 25, 2017
Return Version
2016v3.0
Gross Receipts
$1,564,536
Mission and Program Overview

Mission

The founding group and board of trustees have a core belief that students who have left high school before graduations, or who have not had academic success in a traditional school environment, have the right to a free and appropriate education. We believe that education is key for transitioning into self-sufficiency. With individualized attention, planning, and programming, all students can learn, can graduate, can go to college, and can have a successful career.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$80,720$235,809▲ $155,089
Land, Buildings, and Equipment, Net$156,397$119,731▼ $36,666
Accounts Receivable$39,820$95,001▲ $55,181
Total Assets$361,940$535,615▲ $173,675
Other Assets Total$85,003$85,074▲ $71
Liabilities
Other Liabilities$98,578$0▼ $98,578
Accounts Payable and Accrued Expenses$9,108$12,307▲ $3,199
Deferred Revenue$844$858▲ $14
Total Liabilities$108,530$13,165▼ $95,365
Net Assets / Fund Balance
Unrestricted Net Assets$253,410$522,450▲ $269,040
Total Net Assets Fund Balance$253,410$522,450▲ $269,040
Total Liabilities and Net Assets / Fund Balance$361,940$535,615▲ $173,675

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$48,344$154,509$202,853
Leasehold Improvements$71,387$6,978$78,365
Other Assets Org$75,074--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cheryl GrossComptrollerFT$62,271$62,271

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$119,213
Program Service Revenue
$1,445,239
Investment Income
$84
Other Revenue
$0
All Other Contributions
$31,276
Change in Net Assets
$269,040

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,564,536
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,564,536
Total Revenue per Form 990
$1,564,536
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$908,760
Other Expenses$386,736
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$431,596$274,442-$706,038
Occupancy-$141,127-$141,127
Payroll Taxes$45,590$35,567-$81,157
Current Officers, Directors, Trustees, and Key Employees-$62,271-$62,271
Other Employee Benefits$33,309$25,985-$59,294
Depreciation Depletion-$36,666-$36,666
Insurance-$27,849-$27,849
All Other Expenses$6,842$15,254-$22,096
Information Technology-$11,506-$11,506
Fees for Services Accounting-$8,500-$8,500
Other Expenses$31,156$7,734-$7,734
Office Expenses-$7,732-$7,732
Fees for Services Other-$7,490-$7,490
Interest-$4,713-$4,713
Travel-$186-$186
Total Functional Expenses$548,493$747,003$0$1,295,496

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,295,496
Total Expenses per Audited Statements$1,295,496
Total Expenses per Form 990$1,295,496
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
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

A copy of the federal form 990 will be given to each member of the governing body during their board meeting. Each member will have the opportunity to review the federal form 990 and vote on its approval prior to filing with the internal revenue service.

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

The board members are regularly reminded to avoid any possible conflicts of interest. A conflct of interest policy notice is filed annually with the new york state education department. This filing is done online and includes disclosures from board members about any potential conflicts of interest.

Form 990, Part VI, Section B, line 15A

A market comparison is completed for the region.

Form 990, Part VI, Section C, line 19

The charter school makes its financial statements and governing documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Newburgh Preparatory Charter High School
EIN
46-1610910
Phone
8455654040
Address
471 BROADWAY, NEWBURGH, NY 12550

Signing Officer

Name
Walter Callahan
Title
President
Phone
8455654040
Signed
2017-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Walter Callahan
Formed
2012
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
28
Volunteers
0

Preparer

Firm
Nugent & Haeussler Pc
Address
101 BRACKEN ROAD, MONTGOMERY, NY 12549
Preparer
Mark M Levy CPA
Phone
8454571100
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IRS990/ActivityOrMissionDesc0THE FOUNDING GROUP AND BOARD OF TRUSTEES HAVE A CORE BELIEF THAT STUDENTS WHO HAVE LEFT HIGH SCHOOL BEFORE GRADUATIONS, OR WHO HAVE NOT HAD ACADEMIC SUCCESS IN A TRADITIONAL SCHOOL ENVIRONMENT, HAVE THE RIGHT TO A FREE AND APPROPRIATE EDUCATION. WE BELIEVE THAT EDUCATION IS KEY FOR TRANSITIONING INTO SELF-SUFFICIENCY. WITH INDIVIDUALIZED ATTENTION, PLANNING, AND PROGRAMMING, ALL STUDENTS CAN LEARN, CAN GRADUATE, CAN GO TO COLLEGE, AND CAN HAVE A SUCCESSFUL CAREER.
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IRS990/Desc0NEWBURGH PREP PROVIDES OVER-AGED AND UNDER-CREDITED STUDENTS 16-21 YEARS OF AGE LIVING IN THE GREATER NEWBURGH, NY AREA-INCLUDING STUDENTS LIVING IN POVERTY, STUDENTS WHO ARE ENGLISH LANGUAGE LEARNERS, AND STUDENTS WITH SPECIAL NEEDS-THE OPPORTUNITY TO RETURN TO SCHOOL AND, WITH INTENSIVE SOCIAL-EMOTIONAL SUPPORT, TO OBTAIN A HIGH SCHOOL DIPLOMA THROUGH A RIGOROUS NEW YORK STATE EDUCATION DEPARTMENT STANDARDS-BASED EDUCATION PROGRAM THAT PREPARES THEM FOR COLLEGE AND A CAREER.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01445239
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/BookValueAmt048344
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0154509
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0202853
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01295496
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt071387
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06978
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt078365
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt010000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt175074
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED CASH
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01564536
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0119731
IRS990ScheduleD/TotalBookValueOtherAssetsAmt085074
IRS990ScheduleD/TotalExpensesPerForm990Amt01295496
IRS990ScheduleD/TotalRevenuePerForm990Amt01564536
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01564536
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01295496
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/ExplanationTxt0THE ORGANIZATION ADVERTISES GRADUATIONS AND JOB POSTINGS IN THE LOCAL NEWSPAPERS AND HAS A TWO-SIDED GENERAL APPLICATION FORM THAT IS HANDED OUT AS A FLYER.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FEDERAL FORM 990 WILL BE GIVEN TO EACH MEMBER OF THE GOVERNING BODY DURING THEIR BOARD MEETING. EACH MEMBER WILL HAVE THE OPPORTUNITY TO REVIEW THE FEDERAL FORM 990 AND VOTE ON ITS APPROVAL PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD MEMBERS ARE REGULARLY REMINDED TO AVOID ANY POSSIBLE CONFLICTS OF INTEREST. A CONFLCT OF INTEREST POLICY NOTICE IS FILED ANNUALLY WITH THE NEW YORK STATE EDUCATION DEPARTMENT. THIS FILING IS DONE ONLINE AND INCLUDES DISCLOSURES FROM BOARD MEMBERS ABOUT ANY POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A MARKET COMPARISON IS COMPLETED FOR THE REGION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CHARTER SCHOOL MAKES ITS FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0361940
IRS990/TotalAssetsEOYAmt0535615
IRS990/TotalAssetsGrp/BOYAmt0361940
IRS990/TotalAssetsGrp/EOYAmt0535615
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0119213
IRS990/TotalEmployeeCnt028
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0747003
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0548493
IRS990/TotalFunctionalExpensesGrp/TotalAmt01295496
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0108530
IRS990/TotalLiabilitiesEOYAmt013165
IRS990/TotalLiabilitiesGrp/BOYAmt0108530
IRS990/TotalLiabilitiesGrp/EOYAmt013165
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0253410
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0522450
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0548493
IRS990/TotalProgramServiceRevenueAmt01445239
IRS990/TotalReportableCompFromOrgAmt062271
IRS990/TotalRevenueGrp/ExclusionAmt084
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01445239
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01564536
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0361940
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0535615
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0186
IRS990/TravelGrp/TotalAmt0186
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0253410
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0522450
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0471 BROADWAY
IRS990/USAddress/CityNm0NEWBURGH
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012550
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.NEWBURGHPREP.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WALTER CALLAHAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08455654040
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEWBURGH PREPARATORY CHARTER HIGH SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0NEWB
ReturnHeader/Filer/EIN0461610910
ReturnHeader/Filer/PhoneNum08455654040
ReturnHeader/Filer/USAddress/AddressLine1Txt0471 BROADWAY
ReturnHeader/Filer/USAddress/CityNm0NEWBURGH

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