York Preparatory School Foundation: FY2021 Nonprofit Profile & Form 990 (EIN 23-7028898)

Revenue by fiscal year
FY2020	$353K
FY2021	$290K
FY2022	$390K
FY2023	$338K
FY2024	$60K
FY2025	$66K

Expenses by fiscal year
FY2020	$557K
FY2021	$281K
FY2022	$43K
FY2023	$313K
FY2024	Not on file
FY2025	$95

Net assets by fiscal year
FY2020	−$348K
FY2021	−$338K
FY2022	$2K
FY2023	$27K
FY2024	$81K
FY2025	$146K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1969.

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

Where the money goes

98 cents of each dollar spent went to programs.

98%

Program services 98% · $275K Management & general 2% · $6K

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

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Michael Kalnick

President, Trustee

$0Pt VII · Sec A

Cheryl Massielo

Secretary, Trustee

$0Pt VII · Sec A

Richard Klee

Treasurer, Trustee

$0Pt VII · Sec A

See York Preparatory School Foundation executive salaries →

Questions the 990 asks

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

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Awards scholarships to deserving students based on financial need and academic merit.

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1 program · $275K · in their own filed words · FY2020

01

Issued forty scholarships to children based on financial need and academic ability.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7028898) · Dispute this line

$275Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2024

The Goldman Sachs Charitable Gift FundFY2024$15K

Total grants receivedfrom 1 funder$15K

Grants paid · 4 grants · $1.2M · 2019–2022

Unitemized GrantFY2022$300,000

Unitemized GrantFY2021$33,030

Unitemized GrantFY2020$275,000

Unitemized GrantFY2019$550,000

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$290K

Ln 12

Gifts and grantsLn 1h$289K

Investment incomeLn 3$660

Money outPt IX

$281K

Ln 25

Programscol B$275K

Managementcol C$6K

Owns and owesPt X

−$338K

net assets · Ln 32

Cash and savingsLn 1–2$293K

Total assetsLn 16$308K

LiabilitiesLn 26$646K

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$289K

Investment incomeLn 3$660

Total revenueLn 12$290K

Assets in detailPt X, end of year

CashLn 1$161K

SavingsLn 2$132K

Cash and savings togetherLn 1–2$293K

InvestmentsLn 11–13$15K

Total assetsLn 16$308K

LiabilitiesLn 26$646K

Net assetsLn 32−$338K

OperationsPt I, VI

EmployeesI 50

VolunteersI 63

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$238K	$293K
InvestmentsLn 11–13	$11K	$15K
Total assetsLn 16	$249K	$308K
LiabilitiesLn 26	$597K	$646K
Net assetsLn 32	−$348K	−$338K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$275K	$275K
Accounting feesLn 11c	$5K		$5K
InsuranceLn 23	$809		$809
Total functional expensesLn 25	$281K	$275K	$6K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Apr 29, 2026	$66K	$95	$66K	$146K	990 PDF
FY2024Filed with the IRS May 15, 2025	$60K			$81K	990 PDF
FY2023Filed with the IRS May 16, 2024	$338K	$313K	$25K	$27K	990 PDF
FY2022Filed with the IRS May 15, 2023	$390K	$43K	$347K	$2K	990 PDF
FY2021 ViewingFiled with the IRS Mar 3, 2022	$290K	$281K	$9K	−$338K	990 PDF
FY2020Filed with the IRS May 17, 2021	$353K	$557K	−$204K	−$348K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2021 990

Part I · Summary $290,067 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $346,048$289,407

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $6,878$660

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $352,926$290,067

I-13 Grants and similar amounts paidPrior year $550,000$275,000

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $6,972$6,168

I-18 Total expensesPrior year $556,972$281,168

I-19 Revenue less expensesPrior year −$204,046$8,899

Part VI · Governance 3 of 3 board members independent, 3 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-2 Family or business relationship among officers or directorsYes

VI-13 Written whistleblower policyNo

VI-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $290,067 across 4 lines filed

VIII-1f All other contributions, gifts and grants$289,407

VIII-1h Total contributions, gifts and grants$289,407

VIII-3 Investment incomeExcluded from tax $660$660

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $660$290,067

Part IX · Statement of functional expenses $281,168 across 3 lines filed

IX-2 Grants to domestic individualsPrograms $275,000$275,000

IX-11c Accounting feesManagement $5,359$5,359

IX-23 InsuranceManagement $809$809

IX-25 Total functional expensesPrograms $275,000 · Management $6,168 · Fundraising $0$281,168

Part X · Balance sheet $308,140 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $107,367$161,406

X-2 Savings and temporary cash investmentsStart of year $130,857$131,517

X-11 Publicly traded securitiesStart of year $10,992$15,217

X-16 Total assetsStart of year $249,216$308,140

X-17 Accounts payable and accrued expensesStart of year $7,500$3,500

X-25 Other liabilitiesStart of year $589,922$642,223

X-26 Total liabilitiesStart of year $597,422$645,723

X-27 Net assets without donor restrictionsStart of year −$348,206−$337,583

X-32 Total net assets or fund balancesStart of year −$348,206−$337,583

X-33 Total liabilities and net assetsStart of year $249,216$308,140

Part XI · Reconciliation of net assets −$337,583 net assets at year end

XI-1 Total revenue$290,067

XI-2 Total expenses$281,168

XI-3 Revenue less expenses$8,899

XI-4 Net assets at start of year−$348,206

XI-5 Net unrealized gains (losses) on investments$4,224

XI-8 Prior period adjustments−$2,500

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$337,583

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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York Preparatory School Foundation FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for York Preparatory School Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV