Quad Preparatory School
- Assets
- $16.4m
- Revenue
- $22.0m
- Investments
- $0.0
- Employees
- 263
- Location
- New York, NY
- Founding
- 12/2014
- Data as of
- 06/2022
- EIN
- 46-5652622
Organization Overview
Quad Preparatory School is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Quad Preparatory School employed 263 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quad Preparatory School 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, Quad Preparatory School generated $22.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.5% each year . All expenses for the organization totaled $22.8m during the year ending 06/2022. While expenses have increased by 33.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS AN ALTERNATIVE COLLEGE PREPARATORY SCHOOL DEDICATED TO THE EDUCATION OF TWICE EXCEPTIONAL STUDENTS WITH SOCIAL LEARNING DIFFERENCES. THEIR VISION IS TO ALLOW STUDENTS TO EXPERIENCE EDUCATION AS THE TRANSFORMATIVE EXPERIENCE EVERY CHILD DESERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE QUAD PREPARATORY SCHOOL ISN'T JUST A SCHOOL, IT IS THE EPICENTER OF A LARGER MOVEMENT, WITH IMPLICATIONS FAR WIDER-REACHING THAN THE SUCCESSES WE HAVE WITH OUR STUDENTS. THE QUAD PREP COMMITMENT IS TO SHARE ITS PRACTICES WITH OTHERS ON A LOCAL, NATIONAL AND EVEN INTERNATIONAL SCALE. THE QUAD PREPARATORY SCHOOL IS A KEY PARTNER OF THE 2E STUDY CENTER AT THE QUAD - THE FIRST AND ONLY CENTER OF 2E EXCELLENCE IN NEW YORK CITY. QUAD PREP IS ALSO COMMITTED TO EDUCATING AND TRAINING EDUCATORS, CLINICIANS AND PARENTS THROUGH: HOSTING "BREAKTHROUGHS IN TWICE EXCEPTIONAL EDUCATION, AN ANNUAL, NATIONAL CONFERENCE, AND HOSTING AND CO-CREATING THE CERTIFICATE PROGRAM IN MEETING THE NEEDS OF TWICE-EXCEPTIONAL CHILDREN, THE EAST COAST'S FIRST AND ONLY POST-GRADUATE CERTIFICATION PROGRAM OF ITS KIND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Busi Head Of School | OfficerTrustee | 40 | $400,434 |
Rebecca Benghiat COO | 40 | $174,066 | |
Emily Vizza Dir. Clinical Aff. | 40 | $161,958 | |
Francisco Cornejo Assistant Hos | 40 | $165,013 | |
Anna Christodoulou Dir. Admin. & Out. | 40 | $155,385 | |
Cara Remmes Lsc Director | 40 | $121,346 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carey Llc Accounting | 6/29/22 | $122,725 |
Safety Building Security Services Llc Cleaning/janitorial | 6/29/22 | $177,508 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $640,052 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,160,974 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,801,026 |
| Total Program Service Revenue | $20,089,576 |
| Investment income | $0 |
| 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 | $21,975,785 |
| 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. | $556,205 |
| Compensation of current officers, directors, key employees. | $255,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,355,423 |
| Pension plan accruals and contributions | $121,568 |
| Other employee benefits | $742,094 |
| Payroll taxes | $1,156,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,372 |
| Fees for services: Accounting | $156,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $738,823 |
| Advertising and promotion | $15,285 |
| Office expenses | $686,939 |
| Information technology | $67,298 |
| Royalties | $0 |
| Occupancy | $4,645,275 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $68,217 |
| Conferences, conventions, and meetings | $27,518 |
| Interest | $346,242 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $690,172 |
| Insurance | $144,297 |
| All other expenses | $49,541 |
| Total functional expenses | $22,839,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,640,666 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $900,508 |
| Accounts receivable, net | $1,770,655 |
| 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 | $478,006 |
| Net Land, buildings, and equipment | $6,802,424 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,837,404 |
| Total assets | $16,429,663 |
| Accounts payable and accrued expenses | $981,632 |
| Grants payable | $0 |
| Deferred revenue | $10,001,273 |
| 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 | $5,886,160 |
| Other liabilities | $3,503,451 |
| Total liabilities | $20,372,516 |
| Net assets without donor restrictions | -$4,567,475 |
| Net assets with donor restrictions | $624,622 |
| 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 | $16,429,663 |