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Education : Youth Education Programs and Services

Prep for Prep

Creating a Generation of Diverse Leaders

three stars

85.53

328 West 71st Street New York, NY 10023
tel: (212) 579-1390   Web Site
EIN: 13-2613383

Board Leadership
Scott L. Bok
Chair

CEO
Aileen Hefferren
Chief Executive Officer

  Score
(out of 100)
Rating
Overall Score & Rating 85.53 three stars
  Financial 86.10 three stars
  Accountability & Transparency 85.00 three stars
This rating was published 07/01/2017 and includes data from FY2016, the most recent 990 received at that time.

Learn more about how we calculate the overall score and rating.

Financial

three stars

86.10

Accountability & Transparency

three stars

85.00

This rating was published 07/01/2017 and includes data from FY2016, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
82.6%
  Administrative Expenses 7.7%
  Fundraising Expenses 9.6%
  Fundraising Efficiency $0.11
  Working Capital Ratio (years) 3.83
  Program Expenses Growth 1.8%
  Liabilities to Assets 5.1%
All data for Financial Performance Metrics calculations was provided by Prep for Prep on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Prep for Prep on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Prep for Prep (NY) 85.53 three stars
The TEAK Fellowship (NY) 91.19 four stars
BestPrep (MN) 87.15 three stars
Partnership with Children (NY) 95.31 four stars
Philadelphia Futures (PA) 91.23 four stars

Compare These Charities (Highly Rated)

Prep for Prep develops leaders through access to superior education and life-changing opportunities. Since 1978, Prep has identified New York City's most promising students of color and prepared them for placement at independent schools in the city and boarding schools throughout the Northeast. Once placed, Prep offers support and opportunities to ensure the academic accomplishment and personal growth of each one of our students.

More than 4,500 members of the Prep Community, who are rapidly assuming leadership positions in a wide variety of endeavors, are living proof that the potential for academic and professional success exists in all ethnic groups and socioeconomic classes. Our students, who come from modest backgrounds, succeed at the best independent schools in New York City, the top boarding schools in the country, and the most prestigious colleges and universities in the world.

REVENUE  
Contributions  
   Contributions, Gifts & Grants $5,909,341
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $2,327,203
   Related Organizations $0
   Government Grants $0
Total Contributions $8,236,544
   Program Service Revenue $0
Total Primary Revenue $8,236,544
   Other Revenue $-298,035
TOTAL REVENUE $7,938,509
   
EXPENSES  
   Program Expenses $8,904,539
   Administrative Expenses $836,185
   Fundraising Expenses $1,141,108
TOTAL FUNCTIONAL EXPENSES $10,881,832
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-2,943,323
   
Net Assets $42,024,626

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Academic Programs $3,259,780 36.6%
Counseling $2,084,549 23.4%
Leadership Development $2,014,593 22.6%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2016-06 07/01/2017 85.53 three stars
2015-06 06/01/2016 87.65 three stars
 
CN 2.0
2014-06 09/01/2015 85.40 three stars
2013-06 07/01/2014 92.59 four stars
2012-06 10/01/2013 90.90 four stars
2011-06 02/01/2012 86.78 three stars
2010-06 09/20/2011 85.03 three stars
 
CN 1.0
2010-06 07/01/2011 76.98 two stars
2009-06 08/01/2010 82.69 three stars
2008-06 07/01/2009 85.34 three stars
2007-06 07/01/2008 87.11 three stars
2006-06 03/01/2007 87.96 three stars
2005-06 05/01/2006 87.98 three stars
2004-06 04/01/2005 93.24 four stars
2003-06 06/01/2004 98.16 four stars
2002-06 08/01/2003 98.14 four stars
2001-06 10/15/2002 88.01 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 13-2613383
Name in IRS Master File PREP FOR PREP
NTEE Code B11
NTEE Classification Single Organization Support
NTEE Type Educational Institutions and Related Activities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (59) Other school related activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date July, 1968
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
  • June, 2012

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

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Compensation % of Expenses Paid to Title
$366,748 3.37% Aileen Hefferren Chief Executive Officer

Prep for Prep develops leaders through access to superior education and life-changing opportunities. Since 1978, Prep has identified New York City's most promising students of color and prepared them for placement at independent schools in the city and boarding schools throughout the Northeast. Once placed, Prep offers support and opportunities to ensure the academic accomplishment and personal growth of each one of our students.

More than 4,500 members of the Prep Community, who are rapidly assuming leadership positions in a wide variety of endeavors, are living proof that the potential for academic and professional success exists in all ethnic groups and socioeconomic classes. Our students, who come from modest backgrounds, succeed at the best independent schools in New York City, the top boarding schools in the country, and the most prestigious colleges and universities in the world.

Highly Rated

Charity Name & State Overall Score Overall Rating
Prep for Prep (NY) 85.53 three stars
New Jersey SEEDS (NJ) 94.13 four stars
The TEAK Fellowship (NY) 91.19 four stars
REACH Prep (CT) 87.97 three stars
East Harlem Tutorial Program (NY) 90.58 four stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Prep for Prep
328 West 71st Street
New York, NY 10023
tel: (212) 579-1390
fax: (212) 579-1443
EIN: 13-2613383

Visit Web Site

Board Leadership

Scott L. Bok
Chair

CEO

Aileen Hefferren
Chief Executive Officer

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