Liabilities / Assets
86th percentile
Higher debt load relative to assets than 86% of similar nonprofits.
Peninsula Preparatory Academy Charter School
990 • Fiscal year 2010 • EIN 86-1106640
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.71x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
$1,102,037
No earlier filing loaded for comparison.
Net Assets
$322,894
No earlier filing loaded for comparison.
Liabilities
$779,143
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
$4,366,249
No earlier filing loaded for comparison.
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2009 to Jun 30, 2010
- Signed
- May 11, 2011
- Return Version
- 2009v1.7
- Gross Receipts
- $4,375,938
Mission and Program Overview
Mission
THE PENINSULA PREPARATORY ACADEMY CHARTER SCHOOL IS A PUBLIC CHARTER SCHOOL FOR CHILDREN IN KINDERGARTEN AND FIRST THROUGH FIFTH GRADE LOCATED IN FAR ROCKAWAY, NEW YORK. IT EDUCATES CHILDREN ON A COMPLETELY NONDISCRIMINATORY AND SECULAR BASIS. THE FOUNDERS AND SUPPORTERS OF THE SCHOOL BELIEVE THAT ACCESS TO A PUBLIC EDUCATION OF HIGH QUALITY FOR ALL CHILDREN IS THE FOREMOST ISSUE. Our vision is to firmly maintain a school environment that has high expectations for every child and challenges each child not only to surpass all the common core state standards, but also to discover the unique talents and attributions they have to contribute to the world. In order for our vision to be realized, we believe philosophically that every child must be provided first with a strong foundation in the academia- specifically Reading, Writing and Mathematics. The scholar's exploration of the academics must be interwoven with higher order thinking processes, including but not limited to problem solving,
Major Activities
- Activity 2
- SPECIAL EDUCATION
Filing and Contact Details
Filer
- EIN
- 86-1106640
Raw XML AppendixShowing 400 of 468 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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| IRS990ScheduleE/DiscriminateRaceStudentsRights | 0 | false |
| IRS990ScheduleE/DiscriminateRaceUseOfFclts | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidReceived | 0 | true |
| IRS990ScheduleE/GovernmentFinancialAidRevoked | 0 | false |
| IRS990ScheduleE/GovtFinancialAidExplanation | 0 | SCHEDULE E- EXPLANATION FOR LINE 6ATHE SCHOOL APPLIES FOR VARIOUS GOVERNMENT GRANTS EACH YEAR WHICH ARE BASED ON SEVERAL FACTORS SUCH AS TOTAL STUDENTS ENROLLED IN THE SCHOOL. REIMBURSEMENT UNDER PER-PUPIL GRANTS IS THE RESULT OF THE CALCULATION OF FULL-TIME EQUIVALENT STUDENTS ATTENDING THE SCHOOL MULTIPLIED BY A RATE DETERMINDED EACH YEAR BY NEW YORK STATE. |
| IRS990ScheduleE/MaintCopiesOfAllSolicitations | 0 | true |
| IRS990ScheduleE/MaintCopiesOfBrochuresEtc | 0 | true |
| IRS990ScheduleE/MaintRacialCompositionRecords | 0 | true |
| IRS990ScheduleE/MaintScholarshipsRecords | 0 | true |
| IRS990ScheduleE/NondiscriminatoryPolicyStmt | 0 | true |
| IRS990ScheduleE/PolicyPublViaBroadcastMedia | 0 | true |
| IRS990ScheduleE/PolicyStatementInBrochuresEtc | 0 | true |
| IRS990ScheduleE/PubViaBroadcastMediaExpln | 0 | THE SCHOOL IS OPEN TO ALL CHILDREN ON A SPACE AVAILABLE BASIS WITHIN EACH GRADE RANGING FROM KINDERGARTEN THROUGH GRADE 5.THE SCHOOL'S ADMISSIONS POLICY AND PROCEDURES STATED THAT ADMISSION IS NOT BASED ON INTELLIGENCE, ACHIEVEMENT OR ATTITUDE, ATHLETIC ABILITY, DISABILITY, ETHNICITY, RACE, CREED, GENDER, NATIONAL ORIGIN, RELIGION OR ANCESTRY. |
| IRS990/ScheduleJRequired | 0 | false |
| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | ALL THE PUBLIC DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | DESCRIPTION OF PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST.A. EACH COVERED PERSON SHALL ANNUALLY SIGN A STATEMENT THAT AFFIRMS THAT SUCH PERSON: 1. HAS RECEIVED A COPY OF THE POLICY. 2. HAS READ AND UNDERSTANDS THE POLICY. 3. HAS AGREED TO COMPLY WITH THE POLICY, AND 4. UNDERSTANDS THAT THE CORPORATION IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION AND THE TRUST OF THE PUBLIC IT MUST DILIGENTLY AVOID CONFLICTS OF INTEREST OR THE APPEARANCE OF ANY CONFLICT AND ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.B. THIS POLICY SHALL BE REVIEWED ANNUALLY FOR THE INFORMATION AND GUIDANCE OF COVERED PERSONS, AND ANY NEW COVERED PERSON SHALL BE ADVISED OF THE POLICY UPON BECOMING A COVERED PERSON AND SHALL FILE AN ANNUAL STATEMENT WITH THE CORPORATION.C. TO FURTHER THE PURPOSE OF THE DISCLOSURE PROVISIONS OF THIS POLICY. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | THE DRAFT 990 IS FIRST REVIEWED BY THE CONTROLLER OF THE MANAGEMENT COMPANY, THE DRAFT IS THEN CIRCULATED TO BOARD MEMBERS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING THE 990. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | DESCRIPTION OF MANAGEMENT ARRANGEMENTVICTORY SCHOOLS MANAGES THE OPERATIONS OF THE SCHOOL UNDER A MANAGEMENT AGREEMENT ENTERED INTO BY THE SCHOOL AND VICTORY. THE AGREEMENT WAS EXECUTED ON JULY 1, 2004. PER THE TERMS OF AGREEMENT, VICTORY ASSUMES RESONSIBLILITY FOR TASKS AND FUNCTIONS ASSOCIATED WITH THE EDUCATIONAL SERVICES TO BE PROVIDED TO THE CHILDREN ENROLLED AS STUDENTS AT THE SCHOOL IN ACCORDANCE WITH THE TERMS OF THE CHARTER AND THE CHARTER SCHOOLS ACT, SUBJECT TO THE APPROPRIATE OVERSIGHT FROM THE SCHOOL'S BOARD OF TRUSTEES. VICTORY IS RESPONSIBLE FOR DESIGNING THE CURRICULUM, ACQUIRING EDUCATIONAL MATERIALS, HIRING ALL STAFF, AND PROVIDING ALL FINANCIAL AND ACCOUNTING FUNCTIONS.IN PROVIDING THE ABOVE SERVICES, VICTORY IS PAID A MANAGMENT FEE IN THE AMOUNT EQUAL TO THE PRODUCT OF THE TOTAL FULL-TIME EQUIVALENT ENROLLMENT OF STUDENTS IN THE SCHOOL AS DEFINED UNDER SECTION 119.1 OF NEW YORK STATE COMMISSIONER OF EDUCATION REGULATIONS, MULTIPLIED BY $2,000 (PER PUPIL FEE). THE PER PUPIL FEE SHALL BE INCREASED OR DECREASED EACH YEAR BY THE PERCENTAGE INCREASE OR DECREASE IN THE FINAL ADJUSTED EXPENSE PER PUPIL FOR CHARTER SCHOOLS IN THE NEW YORK CITY SCHOOL DISTRICT AS CALCULATED BY THE NEW YORK STATE EDUCATION. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | Form 990, Part VI, Line 19 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 1 | Form 990, Part VI, Line 12c |
| IRS990ScheduleO/GeneralExplanation/Identifier | 2 | Form 990, Part VI, Line 11 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 3 | Form 990, Part VI, Line 3 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | Form 990, Part VI, Line 11: Form 990 Review Process |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 3 | Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company |
| IRS990/ScheduleORequired | 0 | true |
| IRS990/School | 0 | true |
| IRS990/SignificantChange | 0 | false |
| IRS990/SignificantNewProgramServices | 0 | false |
| IRS990/StateLegalDomicile | 0 | NY |
| IRS990/StatesWhereCopyOfReturnIsFiled | 0 | NY |
| IRS990/SubjectToProxyTax | 0 | false |
| IRS990/TaxableDistributions | 0 | false |
| IRS990/TaxablePartyNotification | 0 | false |
| IRS990/TaxExemptBonds | 0 | false |
| IRS990/TemporarilyRestrictedNetAssets/BOY | 0 | 75131 |
| IRS990/TemporarilyRestrictedNetAssets/EOY | 0 | 74286 |
| IRS990/Terminated | 0 | false |
| IRS990/TermOrPermanentEndowments | 0 | false |
| IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1 | 0 | 111 WEST 57 STREET |
| IRS990/TheBooksAreInCareOf/AddressUS/City | 0 | NEW YORK |
| IRS990/TheBooksAreInCareOf/AddressUS/State | 0 | NY |
| IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode | 0 | 10019 |
| IRS990/TheBooksAreInCareOf/NamePerson | 0 | PAUL J AUGELLO |
| IRS990/TheBooksAreInCareOf/TelephoneNumber | 0 | 2127867921 |
| IRS990/TotalAssets/BOY | 0 | 1641784 |
| IRS990/TotalAssetsBOY | 0 | 1641784 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $1,102,037
- Liabilities
- $779,143
- Net assets
- $322,894
- Revenue
- -
- Expenses
- $4,366,249
- Net income
- -