Capital Prep Charter Schools Ny
- Assets
- $7.9m
- Revenue
- $17.6m
- Investments
- $0.0
- Employees
- 145
- Location
- Bridgeport, CT
- Founding
- 09/2019
- Data as of
- 06/2022
- EIN
- 83-3596682
Organization Overview
Capital Prep Charter Schools Ny is located in Bridgeport, CT. The organization was established in 2019. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Capital Prep Charter Schools NY employed 145 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Prep Charter Schools NY 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, Capital Prep Charter Schools NY generated $17.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $15.8m during the year ending 06/2022. While expenses have increased by 22.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HISTORICALLY DISADVANTAGED STUDENTS WITH THE COLLEGE AND CAREER READINESS SKILLS NEEDED TO BECOME RESPONSIBLE AND ENGAGED CITIZENS FOR SOCIAL JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITAL PREP CHARTER SCHOOLS NY HOLDS THE CHARTER FOR TWO SCHOOLS: CAPITAL PREPARATORY HARLEM CHARTER SCHOOL AND CAPITAL PREPARATORY BRONX CHARTER SCHOOL. THE SCHOOLS PROVIDED EDUCATION TO APPROXIMATELY 645 STUDENTS IN GRADES SIXTH THROUGH TWELFTH DURING THE 2021-2022 ACADEMIC YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tywone Redmond Principal | Officer | 50 | $163,495 |
Christopher Jones Principal | Officer | 50 | $141,594 |
Isaiah Brown Principal | Officer | 50 | $146,363 |
Rachelly Crime Director Of Operations | 50 | $122,000 | |
Anntoinette S Angrum Instructional Coach | 50 | $111,012 | |
Sharif Keshk Sped Coordinator | 50 | $104,931 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Capital Preparatory Schools Management Services | 6/29/22 | $2,240,715 |
Regina Caterers Inc Food Services | 6/29/22 | $176,688 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,846,499 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,620 |
| Noncash contributions included in lines 1a–1f | $38,653 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,849,119 |
| Total Program Service Revenue | $15,746,652 |
| 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 | $17,626,013 |
| 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. | $556,922 |
| Compensation of current officers, directors, key employees. | $158,155 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,511,230 |
| Pension plan accruals and contributions | $46,940 |
| Other employee benefits | $618,292 |
| Payroll taxes | $587,781 |
| Fees for services: Management | $1,761,838 |
| Fees for services: Legal | $92,414 |
| Fees for services: Accounting | $49,658 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $914,947 |
| Advertising and promotion | $67,343 |
| Office expenses | $122,247 |
| Information technology | $177,252 |
| Royalties | $0 |
| Occupancy | $2,905,386 |
| 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 | $392,892 |
| Insurance | $64,888 |
| All other expenses | $219,543 |
| Total functional expenses | $15,800,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,922,936 |
| Savings and temporary cash investments | $125,000 |
| Pledges and grants receivable | $2,414,487 |
| Accounts receivable, net | $130,200 |
| 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 | $43,974 |
| Net Land, buildings, and equipment | $1,546,804 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $742,000 |
| Total assets | $7,925,401 |
| Accounts payable and accrued expenses | $377,219 |
| Grants payable | $0 |
| Deferred revenue | $115,264 |
| 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 | $1,528,012 |
| Total liabilities | $2,020,495 |
| Net assets without donor restrictions | $5,904,906 |
| 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 | $7,925,401 |