Education : Youth Education Programs and Services

Prep for Prep

Creating a Generation of Diverse Leaders

four stars

94.53

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 94.53 four stars
  Financial 93.38 four stars
  Accountability & Transparency 96.00 four stars
This rating was published 06/01/2020 and includes data from FY2019, 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
This impact information is current as of August 2020, 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

four stars

93.38

Accountability & Transparency

four stars

96.00

This rating was published 06/01/2020 and includes data from FY2019, 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)
80.2%
  Administrative Expenses 11.8%
  Fundraising Expenses 7.9%
  Fundraising Efficiency $0.08
  Working Capital Ratio (years) 4.75
  Program Expenses Growth 3.8%
  Liabilities to Assets 3.1%
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.
REVENUE  
Contributions  
   Contributions, Gifts & Grants $4,030,379
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $4,054,300
   Related Organizations $0
   Government Grants $0
Total Contributions $8,084,679
   Program Service Revenue $0
Total Primary Revenue $8,084,679
   Other Revenue $613,818
TOTAL REVENUE $8,698,497
   
EXPENSES  
   Program Expenses $9,947,648
   Administrative Expenses $1,703,616
   Fundraising Expenses $737,569
TOTAL FUNCTIONAL EXPENSES $12,388,833
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-3,690,336
   
Net Assets $58,511,399

Charts

Compensation % of Expenses Paid to Title
$412,660 3.33% Aileen Hefferren Chief Executive

Mission

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) 94.53 four stars
Philadelphia Futures (PA) 95.47 four stars
Optimist International Foundation (MO) 90.60 four stars
LEAP (CT) 86.23 three stars
Pratham USA (TX) 92.85 four stars

Compare These Charities (Highly Rated)

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