Civic Intelligence

Friends of Peoples Prep Inc

EIN 47-3673950 • 501(c)3 • Newark, NJ

Profile

Our mission is to prepare all of our students to graduate from the college of their choice as informed, involved, and resilient citizens.

321 Bergen StNewark, NJ 07103

peoplesprepnewark.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

4th percentile

-204%

Higher net margin than 4% of similar nonprofits.

NTEE B80 • <$500k nonprofits • Source year 2024

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE B80 • <$500k nonprofits • Source year 2024

Asset Growth

3rd percentile

-100%

Faster asset growth than 3% of similar nonprofits.

NTEE B80 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-88%

Faster revenue growth than 5% of similar nonprofits.

NTEE B80 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $28,256 (-100%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$0

Down $28,256 (-100%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin4th percentile

Revenue

Down

$13,857

Down $104,346 (-88%) from 2023

Expenses

Down

$42,113

Down $166,072 (-80%) from 2023

Net Income

Up

-$28,256

Up $61,726 (+69%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth3rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2018: $67,309Liabilities 2018: $8,672Net Assets 2018: $58,6372018Assets 2019: $35,789Liabilities 2019: $02019Assets 2020: $86,358Net Assets 2020: $86,3582020Assets 2021: $129,748Net Assets 2021: $129,7482021Assets 2023: $28,256Net Assets 2023: $28,2562023Assets 2024: $0Net Assets 2024: $02024

Highlighted filing

2024

Assets$0
Liabilities-
Net Assets$0
Open 2024 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2018: $91,998Expenses 2018: $33,361Net Income 2018: $58,6372018Revenue 2019: $70,256Expenses 2019: $93,104Net Income 2019: -$22,8482019Revenue 2020: $118,769Expenses 2020: $68,200Net Income 2020: $50,5692020Revenue 2021: $161,061Expenses 2021: $117,671Net Income 2021: $43,3902021Revenue 2023: $118,203Expenses 2023: $208,185Net Income 2023: -$89,9822023Revenue 2024: $13,857Expenses 2024: $42,113Net Income 2024: -$28,2562024

Highlighted filing

2024

Revenue$13,857
Expenses$42,113
Net Income-$28,256
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
-
Net assets
$0
Revenue
$13,857
Expenses
$42,113
Net income
-$28,256
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.14$0.42$0.28
2023Detailed filing. Detailed filing data is available for this year.$0.28$0.28$1.18$2.08$0.90
2021Detailed filing. Detailed filing data is available for this year.$1.30$1.30$1.61$1.18$0.43
2020Detailed filing. Detailed filing data is available for this year.$0.86$0.86$1.19$0.68$0.51
2019Summary only. Only limited summary data is available for this year.$0.36$0.00$0.70$0.93$0.23
2018Detailed filing. Detailed filing data is available for this year.$0.67$0.09$0.59$0.92$0.33$0.59
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Feb 29, 2024
Signed
May 14, 2024
Return Version
2023v5.0
Gross Receipts
$13,857
Mission and Program Overview

Mission

See Schedule O

Program Services

DescriptionGrantsExpenses
PREPARE ALL OF THE CHARTER SCHOOLS STUDENTS TO GRADUATE FROM THE COLLEGE OF THEIR CHOICE AS INFORMED, INVOLVED AND RESILIENTCITIZENS--
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mindy PropperPresidentPT$0--
Liz CapantsV PresidentPT$0--
Anthony DenizardTreasurerPT$0--
Barbara IoannidisSecretaryPT$0--
Donna WardBoard MemberPT$0--
Filing and Contact Details

Filer

Filer Name
Friends of Peoples Prep Inc
EIN
47-3673950
Address
321 BERGEN ST, Newark, NJ 07103

Signing Officer

Name
Mindy Propper
Title
President
Signed
2024-05-14
Discuss with paid preparer
Yes

Preparer

Firm
Scott J Loefflercpa LLC
Address
186 COLUMBIA TPKE no 5145, FLORHAM PARK, NJ 07932
Preparer
Scott J Loeffler CPA
Phone
9735854989
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16, Other Expenses

“Charter school and student support 14,420”

Form 990-EZ, Part I, Line 16, Other Expenses

“Office and administrative expense 2,970”

Form 990-EZ, Part I, Line 16, Other Expenses

“PROFESSIONAL FEES 5,700”

Form 990-EZ, Part I, Line 16, Other Expenses

“Cash transfeered to new 501c3 achieve community charter school 19,023”

Form 990-EZ, Part IV, Line 1

“The Board maintains records of conflict of interest”

Form 990-EZ, Part IV, Line 1

“The form 990 was provided to board members for review before filing”

Form 990-EZ, Part IV, Line 1

“There were no salaries or compensation paid.”

Form 990-EZ, Part V, Line 34

“The organization main mission was to support the Peoples Prep Charter School, a NJ formal Public School under the auspices of the NJ Department of Education.The school effective 06/30/23 revoked its Charter Schools and merged withth Achieve Community Charter School. The new school is a formal public school under the auspices off the NJ Department of education and is a 501c3.The final balance of cash and assets 19,023.12 of the Friends of Peoples Prep, was transferred over to the Achieve Community Charter School,located at 534 Clintton Ave. Newark NJ”

Raw XML Appendix151 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
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IRS990EZ/OtherExpensesTotalAmt042113
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHARTER SCHOOL AND STUDENT SUPPORT 14,420
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICE AND ADMINISTRATIVE EXPENSE 2,970
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROFESSIONAL FEES 5,700
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CASH TRANSFEERED TO NEW 501C3 ACHIEVE COMMUNITY CHARTER SCHOOL 19,023
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board maintains records of conflict of interest
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The form 990 was provided to board members for review before filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6There were no salaries or compensation paid.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The organization main mission was to support the Peoples Prep Charter School, a NJ formal Public School under the auspices of the NJ Department of Education.The school effective 06/30/23 revoked its Charter Schools and merged withth Achieve Community Charter School. The new school is a formal public school under the auspices off the NJ Department of education and is a 501c3.The final balance of cash and assets 19,023.12 of the Friends of Peoples Prep, was transferred over to the Achieve Community Charter School,located at 534 Clintton Ave. Newark NJ
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16, Other Expenses
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part IV, Line 1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-05-14T10:07:05-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MINDY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PROPPER
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-02-29
ReturnHeader/TaxYr02023

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