Preston High School FY2023 filing

Bronx, NYUnknown exempt organizationSince 1947EIN 13-1853768Revenue $6.9M in FY2023

On file with the IRSprestonhs.org2780 Schurz Avenue · Bronx, NY

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Through a broad and challenging curriculum, a diverse, faith-centered community and a commitment to Christian service, Preston High School empowers young women by providing them with the skills needed to become compassionate leaders for change in their world.

65¢ of each $1 spent went to programs.
$279K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $366K a year · 5% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$279K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $49K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.6M
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.9M
Spent
$6.6M
To programs
65%
Net assets
$2.4M
By yearFY2023–FY2024
Revenue
$6.9M
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$6.9M
FY2024$7.1M
Expenses
$6.6M
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$6.6M
FY2024$6.7M
Net assets
$2.4M
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$2.4M
FY2024$2.8M

From the FY2023 Form 990 (year ending August 2023) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $4.3M Management & general 28% · $1.9M Fundraising 6% · $424K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $279K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Senior Director of Recruitment and Development
$123,900Pt VII · Sec A
$118,476Pt VII · Sec A
Director of Finance
$36,668Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023
Jennifer Connolly$125,000$118,476
Cristina Fragale$123,800$123,900
Pasqualina Traina$56,700$36,668

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers young women with skills for compassionate leadership and Christian service.

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Provided by the organization

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1 program · $4.3M · in their own filed words · FY2022
01

Preston High School (PHS)graduated 97 students in the class of 2023, who earned over $27 million in college scholarships and grants. The PHS Soccer Team won the Tier 3 City championship of the 22-23 school year. PHS raised over 12,000 pounds of food to support local food pantries for the past two years.

$4.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$6.9M
Ln 12
Fees for servicesLn 2g$5.0M
Gifts and grantsLn 1h$1.7M
Other incomeLn 4–11$174K
Money outPt IX
$6.6M
Ln 25
Programscol B$4.3M
Managementcol C$1.9M
Fundraisingcol D$424K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$5.0M
LiabilitiesLn 26$2.6M
PeoplePt VI, VII
9
listed · VII A
PaidVII A3
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Government grantsLn 1e$1.0M
Fees for servicesLn 2g$5.0M
Investment incomeLn 3$3K
Other incomeLn 4–11$174K
Total revenueLn 12$6.9M
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$18K
Land, buildings, equipmentLn 10c$2.8M
Other assetsLn 15$560K
Total assetsLn 16$5.0M
LiabilitiesLn 26$2.6M
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 566
VolunteersI 610
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.1M$1.2M
InvestmentsLn 11–13$14K$18K
Land, buildings, equipmentLn 10c$3.0M$2.8M
Total assetsLn 16$4.5M$5.0M
LiabilitiesLn 26$2.4M$2.6M
Net assetsLn 32$2.1M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.3M$1.3M
Pay of current officers, directors and key staffLn 5$279K$169K$89K$21K
Other salaries and wagesLn 7$2.8M$1.7M$885K$209K
Pension plan contributionsLn 8$183K$111K$58K$14K
Other employee benefitsLn 9$239K$145K$76K$18K
Payroll taxesLn 10$213K$129K$68K$16K
Legal feesLn 11b$45K$0$45K$0
Other fees for servicesLn 11g$380K$0$380K$0
Office expensesLn 13$90K$43K$4K$43K
Information technologyLn 14$193K$162K$31K$0
OccupancyLn 16$196K$142K$30K$24K
Depreciation, depletion and amortizationLn 22$182K$132K$28K$23K
InsuranceLn 23$71K$51K$11K$9K
Other expenses (24a–d)Ln 24$435K$211K$176K$48K
Total functional expensesLn 25$6.6M$4.3M$1.9M$424K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $7.1M$6.7M$462K$2.8M 990 PDF
FY2023 Viewing $6.9M$6.6M$270K$2.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $6,901,916 revenue, 12 lines filed
I-8 Contributions and grants$1,700,327
I-9 Program service revenue$5,025,368
I-10 Investment income$2,583
I-11 Other revenue$173,638
I-12 Total revenue$6,901,916
I-13 Grants and similar amounts paid$1,346,356
I-14 Benefits paid to members$0
I-15 Salaries and benefits$3,693,323
I-16a Professional fundraising fees$0
I-17 Other expenses$1,591,915
I-18 Total expenses$6,631,594
I-19 Revenue less expenses$270,322
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,901,916 across 7 lines filed
VIII-1e Government grants$1,018,005
VIII-1f All other contributions, gifts and grants$682,322
VIII-1h Total contributions, gifts and grants$1,700,327
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$5,025,368
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $2,583$2,583
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $173,638 · Unrelated business $0 · Excluded from tax $0$173,638
VIII-12 Total revenueRelated to mission $5,199,006 · Unrelated business $0 · Excluded from tax $2,583$6,901,916
Part IX · Statement of functional expenses $6,631,594 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $1,346,356$1,346,356
IX-5 Pay of current officers, directors and key staffPrograms $169,253 · Management $88,831 · Fundraising $20,960$279,044
IX-7 Other salaries and wagesPrograms $1,686,005 · Management $884,880 · Fundraising $208,794$2,779,679
IX-8 Pension plan contributionsPrograms $110,933 · Management $58,222 · Fundraising $13,738$182,893
IX-9 Other employee benefitsPrograms $145,078 · Management $76,143 · Fundraising $17,966$239,187
IX-10 Payroll taxesPrograms $128,903 · Management $67,653 · Fundraising $15,964$212,520
IX-11b Legal feesPrograms $0 · Management $44,539 · Fundraising $0$44,539
IX-11g Other fees for servicesPrograms $0 · Management $380,318 · Fundraising $0$380,318
IX-13 Office expensesPrograms $43,439 · Management $3,709 · Fundraising $43,291$90,439
IX-14 Information technologyPrograms $161,762 · Management $31,028 · Fundraising $0$192,790
IX-16 OccupancyPrograms $141,787 · Management $29,930 · Fundraising $24,268$195,985
IX-22 Depreciation, depletion and amortizationPrograms $131,718 · Management $27,805 · Fundraising $22,544$182,067
IX-23 InsurancePrograms $51,413 · Management $10,853 · Fundraising $8,800$71,066
IX-24 Other expenses (24a–d)Programs $210,837 · Management $175,826 · Fundraising $48,048$434,711
IX-25 Total functional expensesPrograms $4,327,484 · Management $1,879,737 · Fundraising $424,373$6,631,594
Part X · Balance sheet $4,977,743 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,125,867$1,185,220
X-4 Accounts receivableStart of year $191,137$259,120
X-9 Prepaid expenses and deferred chargesStart of year $115,442$126,854
X-10c Land, buildings and equipment, netStart of year $2,960,525$2,828,823
X-11 Publicly traded securitiesStart of year $13,569$18,038
X-15 Other assetsStart of year $69,426$559,688
X-16 Total assetsStart of year $4,475,966$4,977,743
X-17 Accounts payable and accrued expensesStart of year $180,400$69,874
X-19 Deferred revenueStart of year $1,228,266$1,148,255
X-25 Other liabilitiesStart of year $184,924$606,916
X-26 Total liabilitiesStart of year $2,370,390$2,601,845
X-27 Net assets without donor restrictionsStart of year $2,076,326$2,340,898
X-28 Net assets with donor restrictionsStart of year $29,250$35,000
X-32 Total net assets or fund balancesStart of year $2,105,576$2,375,898
X-33 Total liabilities and net assetsStart of year $4,475,966$4,977,743
Part XI · Reconciliation of net assets $2,375,898 net assets at year end
XI-1 Total revenue$6,901,916
XI-2 Total expenses$6,631,594
XI-3 Revenue less expenses$270,322
XI-4 Net assets at start of year$2,105,576
XI-10 Net assets at end of year$2,375,898

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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