Public Prep Charter School Academies

“Two of the board members are married.”

“'the school delegates certain management and other administrative support responsibilities relating to pre-k through 8th grade to public preparatory network, inc. (ppn), an unrelated 501(c)(3) organization. Ppn was paid $5,099,768 in management fees during fiscal year ending june 30, 2025 for services provided to the school, including the services of the ceo. Effective november 21, 2024, the school and ppn entered into a partnership with excellence community schools, inc. ("excellence"), a charter school management organization in the new york city area. The agreement required excellence to provide certain cmo services to assist ppn with certain management and administrative support to the school through july 31, 2025. Effective july 1, 2025, this partnership agreement was superseded by an educational services agreement in which excellence will provide educational and operational services to the school with a term through june 30, 2030. The school delegates certain management and administrative support responsibilities relating to the high school grades to vertex partnership academies (vertex), an unrelated 501(c)(3). Vertex was paid $852,197 in management fees during fiscal year ending june 30, 2025 for services provided to the school.”

“The 990 is prepared with the assistance of the financial consultant and reviewed by the cfo. The finance committee reviews the draft 990 before it is filed. The entire form 990 is emailed to all board members prior to filing with the irs.”

“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.”

“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.”

“These documents are located at the organization and are available upon request.”

“The board has not changed its process for selecting the independent auditor nor have they changed the oversight of the audit from prior years.”