Democracy Prep Public Schools
- Assets
- $19.6m
- Revenue
- $21.1m
- Investments
- $0.0
- Employees
- 217
- Location
- New York, NY
- Founding
- 06/2007
- Data as of
- 06/2022
- EIN
- 20-2629354
Organization Overview
Democracy Prep Public Schools is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Democracy Prep Public Schools employed 217 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Democracy Prep Public 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 06/2022, Democracy Prep Public Schools generated $21.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $21.4m during the year ending 06/2022. While expenses have increased by 6.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION MANAGES AND OPERATES HIGH-PERFORMING CHARTER SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES AS A CHARTER MANAGEMENT ORGANIZATION PROVIDING EDUCATIONAL SERVICES, MANAGEMENT OPERATIONS AND FUNDRAISING ACTIVITIES FOR THE FOLLOWING CHARTER SCHOOLS: DEMOCRACY PREP NEW YORK CHARTER SCHOOLS, FREEDOM PREP CHARTER SCHOOL, DEMOCRACY PREP BATON ROUGE, DEMOCRACY PREP AGASSI CAMPUS, AND DEMOCRACY PREP TEXAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natasha Trivers CEO | Officer | 65 | $416,882 |
Valerie M Martinez-Wagner CFO | Officer | 65 | $257,508 |
Linda Jones Easton Executive Vice President | Officer | 65 | $252,034 |
Lisa Friscia Chief People Officer | Officer | 65 | $237,625 |
Stephen Popper Superintendent | Officer | 65 | $186,948 |
Princess V Lyles Vp, External Affairs | 65 | $151,305 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charter School Business Management Finance Consultants | 6/29/21 | $699,668 |
Attuned Education Partners Educational Planning | 6/29/21 | $123,000 |
Pkf O'connor Davies Llp Accounting & Auditing Services | 6/29/21 | $103,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,305,864 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,138,142 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,444,006 |
| Total Program Service Revenue | $17,618,124 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,062,135 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $146,618 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,380,962 |
| Compensation of current officers, directors, key employees. | $138,096 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,542,453 |
| Pension plan accruals and contributions | $407,316 |
| Other employee benefits | $688,746 |
| Payroll taxes | $766,039 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,429 |
| Fees for services: Accounting | $173,749 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,658,692 |
| Advertising and promotion | $691,403 |
| Office expenses | $457,133 |
| Information technology | $168,087 |
| Royalties | $0 |
| Occupancy | $3,410,140 |
| Travel | $308,218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91,481 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $730,721 |
| Insurance | $123,389 |
| All other expenses | $0 |
| Total functional expenses | $21,373,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,276,941 |
| Savings and temporary cash investments | $454,240 |
| Pledges and grants receivable | $63,013 |
| 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 | $315,446 |
| Net Land, buildings, and equipment | $7,502,611 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,945,190 |
| Total assets | $19,557,441 |
| Accounts payable and accrued expenses | $3,393,630 |
| Grants payable | $0 |
| Deferred revenue | $2,728,722 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $570,755 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,383,857 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,234,723 |
| Total liabilities | $14,311,687 |
| Net assets without donor restrictions | $5,245,754 |
| Net assets with donor restrictions | $0 |
| 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 | $19,557,441 |
Grants Awarded
Over the last fiscal year, Democracy Prep Public Schools has awarded $1,032,228 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DEMOCRACY PREP BATON ROUGE PURPOSE: Expansion of Charter School Program via CSP grant from Federal Government | $321,871 |
FREEDOM PREP CHARTER SCHOOL PURPOSE: General Funding Grant for Expenses Outside of Scope of NJ State Funding | $105,527 |
HARLEM PREP CHARTER SCHOOL PURPOSE: Expansion of Charter School Program via CSP grant from Federal Government | $88,716 |
FREEDOM PREP CHARTER SCHOOL PURPOSE: General Funding Grant for Expenses Outside of Scope of NJ State Funding | $105,527 |
HARLEM PREP CHARTER SCHOOL PURPOSE: Expansion of Charter School Program via CSP grant from Federal Government | $88,716 |
DEMOCRACY PREP BATON ROUGE PURPOSE: Expansion of Charter School Program via CSP grant from Federal Government | $321,871 |