Democracy Prep New York Charter Schools is located in Bronx, NY. The organization was established in 2000. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Democracy Prep New York Charter Schools employed 656 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Democracy Prep New York Charter Schools is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Democracy Prep New York Charter Schools generated $86.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 41.1% each year . All expenses for the organization totaled $70.5m during the year ending 06/2021. While expenses have increased by 35.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE SCHOLARS FOR SUCCESS IN THE COLLEGE OF THEIR CHOICE AND A LIFE OF ACTIVE CITIZENSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL IS DEDICATED TO PROVIDING A HIGH QUALITY COLLEGE PREPARATORY EDUCATION TO PRIMARILY DISADVANTAGED STUDENTS. THE SCHOOL PROVIDED EDUCATION TO APPROXIMATELY 4,350 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELFTH DURING THE 2020-2021 ACADEMIC YEAR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Emmanuel George Principal | 40 | $157,354 | |
Lourdes Flores Principal | 40 | $139,720 | |
Andre Geddes Principal | 40 | $137,742 | |
Elisa Dimauro Principal | 40 | $135,289 | |
Ryan Silver Principal | 40 | $126,832 | |
Khary Barnes Vice Chair | OfficerTrustee | 5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Dbi Projects Llc Project Management | 6/29/21 | $510,410 |
Democracy Prep Public Schools Inc Charter Management | 6/29/21 | $8,609,809 |
Ryan Leak Motivational Speaker | 6/29/21 | $384,400 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $6,021,338 |
All other contributions, gifts, grants, and similar amounts not included above | $71,886 |
Noncash contributions included in lines 1a–1f | $297,988 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,093,224 |
Total Program Service Revenue | $79,859,171 |
Investment income | $19,556 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $33,180 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $86,404,779 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $37,506,853 |
Pension plan accruals and contributions | $1,323,632 |
Other employee benefits | $2,688,374 |
Payroll taxes | $3,192,598 |
Fees for services: Management | $10,023,047 |
Fees for services: Legal | $21,606 |
Fees for services: Accounting | $189,747 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $589,113 |
Advertising and promotion | $235,458 |
Office expenses | $887,397 |
Information technology | $1,599,494 |
Royalties | $0 |
Occupancy | $5,513,851 |
Travel | $8,698 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $40,574 |
Interest | $170,972 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,347,924 |
Insurance | $424,064 |
All other expenses | $206,855 |
Total functional expenses | $70,483,997 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $11,645,051 |
Savings and temporary cash investments | $28,580,009 |
Pledges and grants receivable | $4,157,422 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $5,845,248 |
Net Land, buildings, and equipment | $17,054,159 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $245,154 |
Total assets | $67,527,043 |
Accounts payable and accrued expenses | $8,273,578 |
Grants payable | $0 |
Deferred revenue | $259,948 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $4,372,820 |
Total liabilities | $12,906,346 |
Net assets without donor restrictions | $44,334,524 |
Net assets with donor restrictions | $10,286,173 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $67,527,043 |
Over the last fiscal year, we have identified 1 grants that Democracy Prep New York Charter Schools has recieved totaling $25,000.
Awarding Organization | Amount |
---|---|
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $25,000 |
Organization Name | Assets | Revenue |
---|---|---|
Archway Charter School Of Chester Inc Chester, PA | $43,430,171 | $101,905,393 |
Democracy Prep New York Charter Schools Bronx, NY | $67,527,043 | $86,404,779 |
Greenwich Country Day School Inc Greenwich, CT | $332,908,976 | $95,548,707 |
Grace Church School New York, NY | $124,238,513 | $52,477,666 |
Dexter Southfield Inc Brookline, MA | $119,216,504 | $58,438,330 |
Haverford School Haverford, PA | $200,207,536 | $63,658,264 |
Calhoun School Inc New York, NY | $66,556,667 | $39,561,327 |
Marion P Thomas Charter School Inc Newark, NJ | $17,560,259 | $37,041,604 |
Saint Davids School New York, NY | $170,289,488 | $33,366,978 |
Trustees Of Newark Academy Livingston, NJ | $113,328,907 | $35,913,632 |
Philadelphia Independent Mission Schools Philadelphia, PA | $39,191,945 | $38,175,969 |
Hewitt School New York, NY | $78,957,035 | $33,976,072 |