Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2004.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
34 cents of each dollar spent went to programs.
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
15 people listed on the 990; $437K paid to officers and key staff.
Dennis Lacewell’s $197K as CEO is at the 81st percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Timothy King | — | — | — | — | $220,000 |
| Dennis Lacewell | $197,070 | $192,263 | $187,573 | $187,573 | $195,289 |
| Troy Boyd | $143,500 | $140,000 | $130,050 | $130,050 | $140,000 |
| Joffrey Bywater | — | — | $126,100 | $137,000 | $123,627 |
| Othiniel Mahone | — | — | $125,000 | $125,000 | — |
| Joseph Mason | — | — | — | — | $113,325 |
| Daryll Lacey | — | — | $109,242 | $109,242 | $105,000 |
| Tanya Robinson | $107,756 | — | $102,564 | $102,564 | — |
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
Operates public charter college prep schools and related programs.
Questions for Urban Prep Academies
Your first name shows with your question. Urban Prep Academies answers here, for everyone.
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During the year, Urban Prep has enrolled over 250 Students; Achieved the highest college acceptance rates (100%) and college enrollment rates (98%) among Chicago Public Schools; Provided targeted Mentoring and Tutoring to appoximately 250 9th grade students; Provided Post High School counseling to over 200 graduates.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.4M | $741K |
| Land, buildings, equipmentLn 10c | $40K | $43K |
| Total assetsLn 16 | $2.3M | $1.4M |
| LiabilitiesLn 26 | $2.4M | $2.4M |
| Net assetsLn 32 | −$107K | −$1.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $3.8M | $1.8M | $2.0M | $0 |
| Legal feesLn 11b | $394K | $0 | $394K | $0 |
| OccupancyLn 16 | $494K | $0 | $494K | $0 |
| Depreciation, depletion and amortizationLn 22 | $17K | $0 | $17K | $0 |
| Other expenses (24a–d)Ln 24 | $2.3M | $593K | $1.7M | $0 |
| Total functional expensesLn 25 | $7.0M | $2.4M | $4.6M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $4.5M | $6.7M | −$2.1M | −$1.7M | 990 PDF |
| FY2024 Viewing | $6.5M | $7.0M | −$486K | −$1.0M | 990 PDF |
| FY2023 | $8.3M | $9.2M | −$908K | −$107K | 990 PDF |
| FY2022 | $9.9M | $10.0M | −$97K | $800K | 990 PDF |
| FY2021 | $11.7M | $8.9M | $2.8M | $1.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $6,545,992 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, no flags
Part VIII · Statement of revenue $6,545,992 across 6 lines filed
Part IX · Statement of functional expenses $7,032,367 across 5 lines filed
Part X · Balance sheet $1,358,888 assets, 12 lines filed
Part XI · Reconciliation of net assets −$1,038,136 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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