Persistence Preparatory Academy Charter School
- Assets
- $10.4m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 42
- Location
- Buffalo, NY
- Founding
- 03/2018
- Data as of
- 06/2022
- EIN
- 82-2169421
Organization Overview
Persistence Preparatory Academy Charter School is located in Buffalo, NY. The organization was established in 2018. As of 06/2022, Persistence Preparatory Academy Charter School employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Persistence Preparatory Academy Charter 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, Persistence Preparatory Academy Charter School generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 38.2% each year . All expenses for the organization totaled $4.1m during the year ending 06/2022. 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
THROUGH RIGOROUS ACADEMICS, HIGH-QUALITY INSTRUCTION AND LEADERSHIP DEVELOPMENT, PERSISTENCE PREPARATORY ACADEMY CHARTER SCHOOL ENSURES THAT ALL K - 8 SCHOLARS ARE FIRMLY ON THE PATH TO SUCCEED WITHIN A FOUR-YEAR COLLEGE AND CREATE POSITIVE CHANGE WITHIN THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL INSTRUCTION - PROVIDING HIGH-QUALITY INSTRUCTION FOR SCHOLARS FROM KINDERGARTEN TO EIGHTH GRADE TO INSURE THAT OUR SCHOLARS CAN REACH AMBITIOUS GOALS AND BE FIRMLY ON THE PATH TO THE FOUR YEAR COLLEGE OF THEIR CHOICE.
SPECIAL EDUCATION - STUDENTS WITH SPECIAL NEEDS
OTHER PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joelle Formato Head Of School | Officer | 40 | $100,418 |
Elisha Tomasello Chair | OfficerTrustee | 1 | $0 |
Kevin Celniker Treasurer | OfficerTrustee | 1 | $0 |
Catherine Roberts Vice Chair | OfficerTrustee | 1 | $0 |
Darnell Haywood Secretary | OfficerTrustee | 1 | $0 |
Aaron Bennett Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $454,383 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,142 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $567,525 |
| Total Program Service Revenue | $3,757,906 |
| 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 | $4,364,402 |
| 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. | $127,250 |
| Compensation of current officers, directors, key employees. | $127,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,810,316 |
| Pension plan accruals and contributions | $70,836 |
| Other employee benefits | $190,548 |
| Payroll taxes | $175,668 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $252,361 |
| Advertising and promotion | $9,253 |
| Office expenses | $186,645 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $165,531 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,215 |
| Interest | $181,804 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $299,870 |
| Insurance | $79,002 |
| All other expenses | $37,341 |
| Total functional expenses | $4,062,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,054,365 |
| Savings and temporary cash investments | $470,745 |
| Pledges and grants receivable | $176,548 |
| Accounts receivable, net | $17,448 |
| 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 | $11,448 |
| Net Land, buildings, and equipment | $8,661,228 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,065 |
| Total assets | $10,402,847 |
| Accounts payable and accrued expenses | $234,212 |
| 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 | $7,461,399 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,695,611 |
| Net assets without donor restrictions | $2,707,236 |
| 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 | $10,402,847 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Persistence Preparatory Academy Charter School has recieved totaling $66,400.
| Awarding Organization | Amount |
|---|---|
Cullen Foundation Buffalo, NY PURPOSE: PERSISTENCE PREP SUMMER LEARNING ACADEMY | $36,200 |
Cullen Foundation Buffalo, NY PURPOSE: SCHOOLWORKS SCHOOL QUALITY REVIEW | $16,200 |
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: BOOK NOOK | $10,000 |
Cullen Foundation Buffalo, NY PURPOSE: PERSISTENCE PREP NFG GRANT | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
Long Island Select Healthcare Inc Central Islip, NY | $8,265,975 | $21,062,448 |
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
Germantown Home Philadelphia, PA | $23,238,200 | $17,117,508 |
Nurtury Inc Roxbury, MA | $15,395,426 | $20,648,224 |
Partnership To End Addiction New York, NY | $61,675,636 | $16,194,669 |
Humanim Inc Columbia, MD | $20,769,725 | $20,890,295 |
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Chandler Hall Health Services Inc Newtown, PA | $26,412,529 | $17,505,940 |
Jewish Nursing Home Of Western Mass Inc Longmeadow, MA | $27,155,425 | $18,778,772 |
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
River Valley Counseling Center Inc Holyoke, MA | $5,921,638 | $20,559,237 |