Coney Island Prep Builders Inc
- Assets
- $8.3m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 05/2008
- Data as of
- 06/2021
- EIN
- 26-1878521
Organization Overview
Coney Island Prep Builders Inc is located in Brooklyn, NY. The organization was established in 2008. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coney Island Prep Builders Inc 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, Coney Island Prep Builders Inc generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 39.9% each year . All expenses for the organization totaled $2.1m during the year ending 06/2021. While expenses have increased by 41.5% 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 SUPPORT CONEY ISLAND PREPARATORY PUBLIC CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISING FUNDS AND SUPPORTING THE OPERATIONS OF CONEY ISLAND PREPARATORY PUBLIC CHARTER SCHOOL.
SCHOOL LEADERS RECOMMEND CONEY ISLAND PREP FAMILIES IN NEED WHO WERE AFFECTED BY COVID-19 TO RECEIVE EMERGENCY GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Mnookin President | OfficerTrustee | 2 | $0 |
Lansing Davis Treasurer | OfficerTrustee | 2 | $0 |
Leslie-Bernard Joseph Secretary | OfficerTrustee | 2 | $0 |
Christapher Benson Trustee | Trustee | 2 | $0 |
Cary Mcclelland Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,229,566 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,229,566 |
| Total Program Service Revenue | $1,037,257 |
| Investment income | $49,268 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,193 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,323,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| Grants and other assistance to domestic individuals. | $109,534 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,254 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,032 |
| Advertising and promotion | $0 |
| Office expenses | $4,012 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $963,691 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,915 |
| Total functional expenses | $2,085,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,494 |
| Savings and temporary cash investments | $4,754,631 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,495,471 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,259,596 |
| Accounts payable and accrued expenses | $94,086 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $18,198 |
| Total liabilities | $112,284 |
| Net assets without donor restrictions | $8,147,312 |
| 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 | $8,259,596 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Coney Island Prep Builders Inc has recieved totaling $3,478,922.
| Awarding Organization | Amount |
|---|---|
Shelby Cullom Davis Charitable Fund Inc Wilmington, DE PURPOSE: PRIDE PROMISE SCHOLARSHIP FUND | $2,000,000 |
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $544,333 |
Shelby Cullom Davis Charitable Fund Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $500,000 |
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL GROWTH | $300,000 |
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL GROWTH | $50,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $43,989 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Say Yes Buffalo Scholarship Inc Buffalo, NY | $26,879,466 | $14,014,941 |
The Heckscher Foundation For Children New York, NY | $236,760,119 | $11,760,357 |
United Federation Of Teachers Educational Foundation Inc New York, NY | $18,651,586 | $11,866,585 |
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY | $48,124,527 | $2,679,769 |
Storehouse For Teachers Pittsburgh, PA | $4,365,823 | $11,202,988 |
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |
Suny Impact Foundation Inc New York, NY | $1,805,430 | $8,847,404 |
Poughkeepsie Public School Teachers Asso Trust Fund Poughkeepsie, NY | $14,239,734 | $11,580,276 |
Elevate 215 Philadelphia, PA | $9,991,857 | $10,518,985 |
Meged Shomayim Airmont, NY | $573,750 | $8,461,954 |
Nli Usa Inc New York, NY | $11,341,396 | $10,639,057 |