Friends Of@prospect Schools Ny Inc

Organization Overview

Friends Of@prospect Schools Ny Inc is located in Brooklyn, NY. The organization was established in 2019. 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. Friends Of@prospect Schools NY 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, Friends Of@prospect Schools NY Inc generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 46.4% each year . All expenses for the organization totaled $5.4m during the year ending 06/2021. While expenses have increased by 49.8% per year over the past 3 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT THE OPERATIONS OF BROOKLYN PROSPECT CHARTER SCHOOL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FRIENDS OF PROSPECT SCHOOLS NY, INC. IS A NOT-FOR-PROFIT CORPORATION INCORPORATED IN NEW YORK STATE ON APRIL 9, 2018. THE ORGANIZATION SUPPORTS THE OPERATIONS OF BROOKLYN PROSPECT CHARTER SCHOOL, AN EDUCATIONAL CORPORATION THAT OPERATES THREE CHARTER SCHOOLS IN THE BOROUGH OF BROOKLYN, NY. FRIENDS OF PROSPECT SCHOOLS NY SUBLEASES FACILITIES TO THE SCHOOL. RENTAL INCOME UNDER THE SUBLEASES AMOUNTED TO $6,148,239 DURING THE FISCAL YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Daniel Rubenstein
Chair/ceo
$0
David Von Spreckelsen
Secretary
$0
Roger Fortune
Treasurer (thru Feb 2021)
$0
Michael Echenberg
Treasurer
$0
Christine DE Rose
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Beauregard Plumbing Llc
Plumbing
$113,797
Custom Protective Services
Security
$128,528
View All Vendors

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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$6,148,239
Investment income $34
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 $6,161,838

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