Civic Intelligence

Public Prep Charter School Academies

EIN 81-0650329 • 501(c)3 • Bronx, NY

Profile

The charter school's mission is to prepare underserved elementary and middle school students for higher education, civic involvement and lifelong success through a structured, caring environment of high academic expectations.

192 East 151st StreetBronx, NY 10451

publicprep.org

Siviq Scores

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

Liabilities / Assets

89th percentile

0.93x

Higher debt load relative to assets than 89% of similar nonprofits.

NTEE B • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

90th percentile

5.02x

Higher debt load relative to revenue than 90% of similar nonprofits.

NTEE B • $100M-$250M nonprofits • Source year 2025

Net Margin

7th percentile

-24%

Higher net margin than 7% of similar nonprofits.

NTEE B • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

18th percentile

$203,617

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

NTEE B • $100M-$250M nonprofits • Source year 2025

Asset Growth

97th percentile

96%

Faster asset growth than 97% of similar nonprofits.

NTEE B • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

10th percentile

-13%

Faster revenue growth than 10% of similar nonprofits.

NTEE B • $100M-$250M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$120,774,697

Up $90,538,436 (+299%) from 2022

Liabilities

Up

$96,558,087

Up $91,044,252 (+1651%) from 2022

Net Assets

Down

$24,216,610

Down $505,816 (-2.0%) from 2022

Operations
Liabilities / Revenue90th percentileNet Margin7th percentile

Revenue

Up

$53,189,146

Up $150,605 (+0.3%) from 2022

Expenses

Up

$53,694,962

Up $2,127,707 (+4.1%) from 2022

Net Income

Down

-$505,816

Down $1,977,102 (-134%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth97th percentile

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

$150M$100M$50M$0Assets 2010: $738,712Liabilities 2010: $386,551Net Assets 2010: $352,1612010Assets 2011: $805,631Liabilities 2011: $438,460Net Assets 2011: $367,1712011Assets 2012: $1,017,939Liabilities 2012: $790,519Net Assets 2012: $227,4202012Assets 2013: $2,158,442Liabilities 2013: $774,032Net Assets 2013: $1,384,4102013Assets 2014: $2,093,023Liabilities 2014: $916,799Net Assets 2014: $1,176,2242014Assets 2015: $5,182,655Liabilities 2015: $2,157,668Net Assets 2015: $3,024,9872015Assets 2016: $7,184,885Liabilities 2016: $3,185,064Net Assets 2016: $3,999,8212016Assets 2017: $10,403,585Liabilities 2017: $3,372,759Net Assets 2017: $7,030,8262017Assets 2018: $11,050,851Liabilities 2018: $3,632,945Net Assets 2018: $7,417,9062018Assets 2019: $13,273,465Liabilities 2019: $3,984,215Net Assets 2019: $9,289,2502019Assets 2020: $21,991,196Liabilities 2020: $8,116,263Net Assets 2020: $13,874,9332020Assets 2021: $28,993,375Liabilities 2021: $5,742,235Net Assets 2021: $23,251,1402021Assets 2022: $30,236,261Liabilities 2022: $5,513,835Net Assets 2022: $24,722,4262022Assets 2023: $120,774,697Liabilities 2023: $96,558,087Net Assets 2023: $24,216,6102023

Highlighted filing

2023

Assets$120,774,697
Liabilities$96,558,087
Net Assets$24,216,610
Open 2023 Filing

Operations Trend

Revenue Growth10th percentile

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

$60M$40M$20M$0-$20MExpenses 2010: $3,921,8472010Expenses 2011: $5,999,4152011Expenses 2012: $7,617,6132012Expenses 2013: $8,704,0522013Revenue 2014: $9,008,802Expenses 2014: $9,216,988Net Income 2014: -$208,1862014Revenue 2015: $19,029,183Expenses 2015: $19,966,456Net Income 2015: -$937,2732015Revenue 2016: $27,136,030Expenses 2016: $26,690,392Net Income 2016: $445,6382016Revenue 2017: $31,268,973Expenses 2017: $28,237,968Net Income 2017: $3,031,0052017Revenue 2018: $32,544,593Expenses 2018: $32,157,513Net Income 2018: $387,0802018Revenue 2019: $40,435,461Expenses 2019: $38,564,117Net Income 2019: $1,871,3442019Revenue 2020: $44,335,689Expenses 2020: $39,750,006Net Income 2020: $4,585,6832020Revenue 2021: $52,903,915Expenses 2021: $43,527,708Net Income 2021: $9,376,2072021Revenue 2022: $53,038,541Expenses 2022: $51,567,255Net Income 2022: $1,471,2862022Revenue 2023: $53,189,146Expenses 2023: $53,694,962Net Income 2023: -$505,8162023

Highlighted filing

2023

Revenue$53,189,146
Expenses$53,694,962
Net Income-$505,816
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$120,774,697
Liabilities
$96,558,087
Net assets
$24,216,610
Revenue
$53,189,146
Expenses
$53,694,962
Net income
-$505,816
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$121$96.6$24.2$53.2$53.7$0.51
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.2$5.51$24.7$53.0$51.6$1.47
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.0$5.74$23.3$52.9$43.5$9.38
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.0$8.12$13.9$44.3$39.8$4.59
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.3$3.98$9.29$40.4$38.6$1.87
2018Summary only. Only limited summary data is available for this year.$11.1$3.63$7.42$32.5$32.2$0.39
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$3.37$7.03$31.3$28.2$3.03
2016Detailed filing. Detailed filing data is available for this year.$7.18$3.19$4.00$27.1$26.7$0.45
2015Summary only. Only limited summary data is available for this year.$5.18$2.16$3.02$19.0$20.0$0.94
2014Summary only. Only limited summary data is available for this year.$2.09$0.92$1.18$9.01$9.22$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.77$1.38$8.70
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.79$0.23$7.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.44$0.37$6.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.39$0.35$3.92
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 11, 2022
Return Version
2020v4.2
Gross Receipts
$52,903,915
Mission and Program Overview

Mission

The charter school's mission is to prepare underserved elementary and middle school students for higher education, civic involvement and lifelong success through a structured, caring environment of high academic expectations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$10,611,447$14,099,481▲ $3,488,034
Land, Buildings, and Equipment, Net$2,028,296$2,627,018▲ $598,722
Accounts Receivable$2,457,956$1,907,511▼ $550,445
Prepaid Expenses and Deferred Charges$152,075$553,891▲ $401,816
Savings and Temporary Cash Investments$175,278$200,329▲ $25,051
Total Assets$21,991,196$28,993,375▲ $7,002,179
Other Assets Total$6,566,144$9,605,145▲ $3,039,001
Liabilities
Accounts Payable and Accrued Expenses$3,633,178$5,373,353▲ $1,740,175
Unsecured Notes Loans Payable$4,417,678$329,479▼ $4,088,199
Other Liabilities$65,407$39,403▼ $26,004
Total Liabilities$8,116,263$5,742,235▼ $2,374,028
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,774,500$23,248,298▲ $9,473,798
Net Assets With Donor Restrictions$100,433$2,842▼ $97,591
Total Net Assets Fund Balance$13,874,933$23,251,140▲ $9,376,207
Total Liabilities and Net Assets / Fund Balance$21,991,196$28,993,375▲ $7,002,179

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,439,736$3,020,410$4,460,146
Other Land Buildings$813,510$1,707,588$2,521,098
Leasehold Improvements$373,772$904,447$1,278,219
Other Assets Org$9,102,820--
Compensation and Service Providers
Top Officer Pay18th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Khalek KirklandBpbx - Es PrincipalFT$207,413$23,658$231,071
Tomasz KrzyzostaniakGpbx - Es PrincipalFT$172,802$23,339$196,141
Rebekah AdamekGples - Es PrincipalFT$176,302$16,790$193,092
Jessica StrongGples - Ms PrincipalFT$165,662$25,968$191,630
Catherine PrefontaineGpbxms- Ms PrincipalFT$158,220-$158,220

Board Members and Trustees

NameTitle
R Boykin CurryChair
Eric GrannisTrustee
Khairah KleinTrustee
Laura WeilTrustee
Nicole Kail GreeneTrustee
Peter MorrisseyTrustee
Tamara ZacheryTrustee
Janelle BradshawPpn CEO
Paul a Vermylen JrTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Public Preparatory Network INCManagement Services192 EAST 151ST STREET, Bronx, NY 10451$5,798,627
Friends Of Girls Preparatory Charter SchRent192 EAST 151ST STREET, Bronx, NY 10451$3,621,474
Acs International Resources INCIt Infrastructure, Equipment, Etc.1330 BALTIMORE PIKE, Chadds Ford, PA 19317$371,879
Austin & CoInsurance20 CORPORATE WOODS BLVD, Albany, NY 12211$369,132
Kokua EducationSubstitute Services318 W ADAMS, Chicago, IL 60605$296,195
Revenue and Support

Revenue Composition

Contributions and Grants
$12,221,007
Program Service Revenue
$40,682,855
Investment Income
$53
Other Revenue
$0
All Other Contributions
$11,100
Change in Net Assets
$9,376,207

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeReported AmountValuation Method
Books and Publications$146,665Fair Market Value (FMV)
Total Noncash Contributions$146,665-

Audited Revenue Reconciliation

Revenue per Audited Statements
$52,903,915
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$52,903,915
Total Revenue per Form 990
$52,903,915
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$28,009,701
Other Expenses$15,518,007
Total Fundraising Expense$57,986
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$19,777,956$2,754,433-$22,532,389
Fees for Services Management$4,870,848$869,794$57,986$5,798,628
Occupancy$3,529,539$416,469-$3,946,008
Other Employee Benefits$2,595,791$422,381-$3,018,172
Payroll Taxes$1,619,070$179,897-$1,798,967
Depreciation Depletion$817,059$87,482-$904,541
Fees for Services Other$686,636$101,775-$788,411
Office Expenses$538,777$58,897-$597,674
Pension Plan Contributions$402,612$57,469-$460,081
Other Expenses$373,949$65,696-$373,949
All Other Expenses$306,170$19,980-$326,150
Information Technology$254,574$28,287-$282,861
Insurance$212,175$20,644-$232,819
Current Officers, Directors, Trustees, and Key Employees$160,074$40,018-$200,092
Advertising$63,275$6,862-$70,137
Fees for Services Accounting-$25,775-$25,775
Total Functional Expenses$38,252,951$5,216,771$57,986$43,527,708

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$43,527,708
Total Expenses per Audited Statements$43,527,708
Total Expenses per Form 990$43,527,708
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Lease Incentive$39,403
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The school delegates certain management responsibilities to public preparatory network, inc. (ppn), a 501(c)(3). Ppn was paid $5,798,628 during fiscal year ending june 30, 2021. Ppn is an unrelated organization as there is not a majority of common board members or officers. The organization does not pay janelle bradshaw for her services as an officer of the organization. The amounts listed on part vii, section a represent amounts paid by public preparatory network, inc. To janelle bradshaw for services performed as an employee of public preparatory network, inc.”

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

“The 990 is prepared with the assistance of the financial consultant and managing director of finance and operations. It is reviewed by the ceo and board approval is given before submission.”

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

“All members are required to sign the conflict of interest policy. Board members are bound by fiduciary duty to disclose any conflicts. Annually a resolution is adopted reaffirming a commitment to the policy.”

Form 990, Part VI, Section B, Line 15

“Public prep has established a salary scale for all instructional and non-instructional staff positions. For instructional positions, the salary scale credits employees for completed years of experience, degrees, and nys doe teacher certification. For non-instructional positions, the salary scale credits years of experience with the job requirements. Any changes to a staff member's salary will be approved by the director of human resources in writing or electronically and documented via a payroll status change form. A copy of this form will be maintained in the employee file.”

Form 990, Part VI, Section C, Line 19

“These documents are located at the organization during regular business hours and are available upon request.”

Filing and Contact Details

Filer

Filer Name
Public Prep Charter School Academies
EIN
81-0650329
Phone
2123466000
Address
192 EAST 151ST STREET, BRONX, NY 10451

Signing Officer

Name
Janelle Bradshaw
Title
Chief Executive Officer
Phone
2123466000
Signed
2022-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janelle Bradshaw
Formed
2004
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
444
Volunteers
8

Preparer

Firm
Mengel Metzger Barr & Co Llp
Address
100 CHESTNUT STREET SUITE 1200, ROCHESTER, NY 14604
Preparer
Jacqueline B Lee CPA
Phone
5854231860
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The process is consistent with prior years.”

Financial Statement Notes

PART X, LINE 2:

“The organization is a tax-exempt organization under section 501(c)(3) of the internal revenue code and applicable state regulations and, accordingly, is exempt from federal and state taxes on income. Public prep academies and friends file form 990 tax returns in the u.s. Federal jurisdiction. In addition, friends files in new york. The tax returns for the years ended june 30, 2018 through june 30, 2021 are still subject to potential audit by the irs and ny. Management of the organization believes it has no material uncertain tax positions and, accordingly it has not recognized any liability for unrecognized tax benefits.”

Raw XML AppendixShowing 400 of 691 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05373353
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IRS990/AccountsReceivableGrp/EOYAmt01907511
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE CHARTER SCHOOL'S MISSION IS TO PREPARE UNDERSERVED ELEMENTARY AND MIDDLE SCHOOL STUDENTS FOR HIGHER EDUCATION, CIVIC INVOLVEMENT AND LIFELONG SUCCESS THROUGH A STRUCTURED, CARING ENVIRONMENT OF HIGH ACADEMIC EXPECTATIONS.
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IRS990/AdvertisingGrp/TotalAmt070137
IRS990/AllOtherContributionsAmt011100
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IRS990/AllOtherExpensesGrp/ProgramServicesAmt0306170
IRS990/AllOtherExpensesGrp/TotalAmt0326150
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IRS990/AuditCommitteeInd01
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IRS990/BooksInCareOfDetail/PhoneNum02123466000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0192 EAST 151ST STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0BRONX
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
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IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
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IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1192 EAST 151ST STREET
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt4318 W ADAMS
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1BRONX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2CHADDS FORD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3ALBANY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4CHICAGO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0NY
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0PUBLIC PREPARATORY NETWORK INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1FRIENDS OF GIRLS PREPARATORY CHARTER SCH
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2ACS INTERNATIONAL RESOURCES INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3AUSTIN & CO
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4KOKUA EDUCATION
IRS990/ContractorCompensationGrp/ServicesDesc0MANAGEMENT SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc1RENT
IRS990/ContractorCompensationGrp/ServicesDesc2IT INFRASTRUCTURE, EQUIPMENT, ETC.
IRS990/ContractorCompensationGrp/ServicesDesc3INSURANCE
IRS990/ContractorCompensationGrp/ServicesDesc4SUBSTITUTE SERVICES
IRS990/CreditCounselingInd00
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IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt053
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IRS990/CYOtherRevenueAmt00
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IRS990/CYTotalFundraisingExpenseAmt057986
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IRS990/CYTotalRevenueAmt052903915
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IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt0444
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
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IRS990/FamilyOrBusinessRlnInd00
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IRS990/FederalGrantAuditRequiredInd01
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IRS990/FeesForServicesOtherGrp/TotalAmt0788411
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
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