Civic Intelligence

Newburgh Preparatory Charter High School

990 • Fiscal year 2018 • EIN 46-1610910

Jul 01, 2018 to Dec 31, 2018 • Filed on Mar 04, 2019

PO Box 2429Newburgh, NY 12550

(845) 565-4040

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

100th percentile

346%

Higher net margin than 100% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

81st percentile

$12,721

Higher top officer pay than 81% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2017 to 2018

Assets

Down

$0

Down $535,615 (-100%) from 2017

Net Assets

Down

$0

Down $522,450 (-100%) from 2017

Liabilities

Down

$0

Down $13,165 (-100%) from 2017

Revenue

Down

-$55,621

Down $1,620,157 (-104%) from 2017

Expenses

Down

$136,615

Down $1,158,881 (-89%) from 2017

Net Income

Down

-$192,236

Down $461,276 (-171%) from 2017

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

2018

Assets$0
Liabilities$0
Net Assets$0

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

2018

Revenue-$55,621
Expenses$136,615
Net Income-$192,236
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Dec 31, 2018
Signed
Mar 4, 2019
Return Version
2018v3.1
Gross Receipts
$34,266
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
Land, Buildings, and Equipment, Net$89,887$0▼ $89,887
Cash and Non-Interest-Bearing Accounts$53,050$0▼ $53,050
Prepaid Expenses and Deferred Charges$27,460$0▼ $27,460
Accounts Receivable$24,247$0▼ $24,247
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$204,644$0▼ $204,644
Other Assets Total$10,000$0▼ $10,000
Liabilities
Accounts Payable and Accrued Expenses$12,408$0▼ $12,408
Total Liabilities$12,408$0▼ $12,408
Net Assets / Fund Balance
Unrestricted Net Assets$192,236$0▼ $192,236
Total Net Assets Fund Balance$192,236$0▼ $192,236
Total Liabilities and Net Assets / Fund Balance$204,644$0▼ $204,644
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cheryl GrossComptrollerFT$12,721$12,721

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$16,012
Investment Income
$-71,633
Other Revenue
$0
Change in Net Assets
$-192,236

Audited Revenue Reconciliation

Revenue per Audited Statements
$-55,621
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$-55,621
Total Revenue per Form 990
$-55,621
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$105,840
Salaries, Compensation, and Employee Benefits$30,775
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy-$23,062-$23,062
Insurance-$22,162-$22,162
Current Officers, Directors, Trustees, and Key Employees-$15,482-$15,482
Comp Disqual Persons-$7,804-$7,804
Fees for Services Accounting-$6,250-$6,250
Other Employee Benefits-$5,789-$5,789
Office Expenses-$3,826-$3,826
Fees for Services Lobbying-$3,445-$3,445
Fees for Services Other-$2,578-$2,578
Payroll Taxes-$1,565-$1,565
Other Expenses-$181-$181
Pension Plan Contributions-$135-$135
All Other Expenses-$119-$119
Total Functional Expenses$0$136,615$0$136,615

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$136,615
Total Expenses per Audited Statements$136,615
Total Expenses per Form 990$136,615
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
PO BOX 2429, NEWBURGH, NY 12550

Signing Officer

Name
Walter Callahan
Title
President
Phone
8455654040
Signed
2019-03-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Silverstone
Formed
2012
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
20
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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IRS990ScheduleD/TotalExpensesPerForm990Amt0136615
IRS990ScheduleD/TotalRevenuePerForm990Amt0-55621
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-55621
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0136615
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
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH DISTRIBUTION TO NEWBURGH ENLARGED CITY SCHOOL DISTRICT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0NEWBURGH ENLARGED CITY SCHOOL DISTRICT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02018-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0146001726
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt040000
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0SCHOOL DISTRICT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0CASH TRANSFER
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0124 GRAND STREET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0NEWBURGH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0NY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd012550
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt0204644
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt0204644
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt020
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0136615
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0136615
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012408
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt012408
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0192236
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt016012
IRS990/TotalReportableCompFromOrgAmt012721
IRS990/TotalRevenueGrp/ExclusionAmt03
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-55624
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-55621
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0204644
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0192236
IRS990/UnrestrictedNetAssetsGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 2429
IRS990/USAddress/CityNm0NEWBURGH
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012550
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.NEWBURGHPREP.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WALTER CALLAHAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08455654040
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-03-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEWBURGH PREPARATORY CHARTER HIGH SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0NEWB
ReturnHeader/Filer/EIN0461610910
ReturnHeader/Filer/PhoneNum08455654040
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 2429
ReturnHeader/Filer/USAddress/CityNm0NEWBURGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012550
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId06ADAB0E7F630CF120519130AA603A422C77A5821
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId059F4D1DDA4BDF4419AFD5E305278F7C11413516F
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P

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