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Education : Youth Education Programs and Services

Prep for Prep

Creating a Generation of Diverse Leaders

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Impact Information is available from our partner, GuideStar

four stars

90.08

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

  Score
(out of 100)
Rating
Overall Score & Rating 90.08 four stars
  Financial 88.48 three stars
  Accountability & Transparency 92.00 four stars
This rating was published 07/01/2018 and includes data from FY2017, the most recent 990 received at that time.

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.

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.

Impact Information

GuideStar is Charity Navigator's trusted partner in sharing information on how this organization seeks impact.  GuideStar has recognized this organization with a Platinum Seal of Transparency for voluntarily and publicly sharing information about how they measure their progress and results.  Learn More about Impact Information.
Reported Results
Showing 3 of 4
Total in 2017
Number of clients placed in internships
334
Number of program participants who receive a secondary school diploma or GED
116
Number of graduates enrolled in higher learning, university, or technical/vocational training
615
Average financial aid award per FTE student
420,629
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This impact information is current as of October 2018, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

88.48

Accountability & Transparency

four stars

92.00

This rating was published 07/01/2018 and includes data from FY2017, 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)
81.6%
  Administrative Expenses 8.3%
  Fundraising Expenses 9.9%
  Fundraising Efficiency $0.12
  Working Capital Ratio (years) 4.03
  Program Expenses Growth 2.0%
  Liabilities to Assets 3.8%
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) 90.08 four stars
Rocking the Boat (NY) 90.42 four stars
Network for Teaching Entrepreneurship (NY) 85.27 three stars
AMIT (NY) 92.77 four stars
The Colorado I Have A Dream Foundation (CO) 94.48 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $6,432,762
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $1,486,253
   Related Organizations $0
   Government Grants $0
Total Contributions $7,919,015
   Program Service Revenue $0
Total Primary Revenue $7,919,015
   Other Revenue $7,584,908
TOTAL REVENUE $15,503,923
   
EXPENSES  
   Program Expenses $9,438,848
   Administrative Expenses $1,101,972
   Fundraising Expenses $1,173,551
TOTAL FUNCTIONAL EXPENSES $11,714,371
   
Payments to Affiliates $0
Excess (or Deficit) for the year $3,789,552
   
Net Assets $45,579,616

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 $3,311,974 35.1%
Counseling $2,379,936 25.2%
Leadership Development $2,242,321 23.8%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-06 07/01/2018 90.08 four stars
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, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013

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).

Compensation % of Expenses Paid to Title
$377,950 3.22% Aileen Hefferren Chief Executive Officer

Highly Rated

Charity Name & State Overall Score Overall Rating
Prep for Prep (NY) 90.08 four stars
Youth Policy Institute (CA) 86.84 three stars
Mikva Challenge (IL) 90.46 four stars
Grace Place for Children and Families (FL) 95.24 four stars
Umoja Student Development Corporation (IL) 92.18 four stars

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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

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