Public Preparatory Network INC: FY2020 Nonprofit Profile & Form 990 (EIN 26-4646416)

Revenue by fiscal year
FY2020	$6.9M
FY2021	$7.9M
FY2022	$6.9M
FY2023	$5.7M
FY2024	$4.8M
FY2025	$8.1M

Expenses by fiscal year
FY2020	$6.6M
FY2021	$6.0M
FY2022	$7.5M
FY2023	$7.2M
FY2024	$6.7M
FY2025	$5.1M

Net assets by fiscal year
FY2020	−$318K
FY2021	$1.5M
FY2022	$961K
FY2023	−$489K
FY2024	−$2.4M
FY2025	$593K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2010.

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

Where the money goes

83 cents of each dollar spent went to programs.

83%

15%

Program services 83% · $5.5M Management & general 15% · $1.0M Fundraising 2% · $113K

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

21 people listed on the 990; $1.8M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII

Ian Rowe

CEO (thru June 2020)

$367,127Pt VII · Sec A

Janelle Bradshaw

Supt. Through June 2020

$323,931Pt VII · Sec A

Giuseppa L Carbone

Asst. Superintendent

$172,107Pt VII · Sec A

Michele Cerwin

COO

$165,385Pt VII · Sec A

Emily Zaeske

Dir. of Student Suppor

$133,667Pt VII · Sec A

Emilee Christopher

Mng. Dir. of Talent

$131,324Pt VII · Sec A

Eldrid Sequeira

Dir. of Data Vis. & Math

$131,293Pt VII · Sec A

Rafet Abdeljabbar

Dir. of Staff Recruitment

$107,750Pt VII · Sec A

Janelle Bradshaw’s $355K as Ceo-Resigned 8/24 is at the 98th 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	FY2020
Janelle Bradshaw	$354,896	$475,134	$411,746	$372,994	$374,461	$323,931
Ian Rowe	—	—	—	—	—	$367,127
Michele Cerwin	—	—	—	$159,423	$317,915	$165,385
Emilee Christopher	$298,582	$242,904	$203,268	$171,136	$152,191	$131,324
Giuseppa L Carbone	—	$273,742	$244,189	$208,554	$209,967	$172,107
Jeannemarie Hendershot	$115,487	$250,937	$209,729	$27,721	—	—
Jenny Zambrano	—	$212,407	$103,042	—	—	—
Michael Burgevin	—	$201,750	$181,911	—	—	—

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.

See Public Preparatory Network INC executive salaries →

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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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops single-sex public schools fostering character, critical thinking, and academic excellence for college readiness.

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Provided by the organization

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1 program · $5.5M · in their own filed words · FY2019

01

Charter school MARKETING/RECRUITMENT, fundraising as well as academic, administrative and financial support.

$5.5Mprogram 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

50can INCFY2024$353K

Hyde and Watson FoundationFY2024$9K

American Eagle Outfitters FoundationFY2024$5K

Total grants receivedfrom 3 funders$367K

See all 3 funders →

Grants paid · 5 grants · $1.1M · 2019–2024

Public Prep Charter School AcademiesNY · FY2024$352,800

Public Prep Charter School AcademiesNY · FY2024$3,500

Public Prep Charter School AcademiesNY · FY2021$80,000

Public Prep Charter School AcademiesNY · FY2020$124,750

Public Prep Charter School AcademiesNY · FY2019$570,000

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$6.9M

Ln 12

Fees for servicesLn 2g$5.5M

Gifts and grantsLn 1h$1.4M

Investment incomeLn 3$630

Money outPt IX

$6.6M

Ln 25

Programscol B$5.5M

Managementcol C$1.0M

Fundraisingcol D$113K

Owns and owesPt X

−$318K

net assets · Ln 32

Cash and savingsLn 1–2$1.5M

Total assetsLn 16$1.9M

LiabilitiesLn 26$2.2M

PeoplePt VI, VII

21

listed · VII A

PaidVII A11

Voting boardVI 1a8

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.4M

Noncash giftsLn 1g$179K

Fundraising eventsLn 1c$199K

Fees for servicesLn 2g$5.5M

Investment incomeLn 3$630

Gains on assetsLn 7$573

Total revenueLn 12$6.9M

Assets in detailPt X, end of year

CashLn 1$1.5M

SavingsLn 2$0

Cash and savings togetherLn 1–2$1.5M

Land, buildings, equipmentLn 10c$29K

Total assetsLn 16$1.9M

LiabilitiesLn 26$2.2M

Net assetsLn 32−$318K

OperationsPt I, VI

EmployeesI 557

VolunteersI 68

Fiscal year endsHeaderJune

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$709K	$1.5M
Land, buildings, equipmentLn 10c	$43K	$29K
Total assetsLn 16	$1.4M	$1.9M
LiabilitiesLn 26	$2.0M	$2.2M
Net assetsLn 32	−$631K	−$318K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$570K	$570K
Pay of current officers, directors and key staffLn 5	$1.3M	$1.1M	$206K	$34K
Other salaries and wagesLn 7	$2.5M	$2.2M	$224K	$55K
Pension plan contributionsLn 8	$61K	$52K	$7K	$2K
Other employee benefitsLn 9	$335K	$288K	$38K	$9K
Payroll taxesLn 10	$272K	$235K	$30K	$6K
Legal feesLn 11b	$1K		$1K
Accounting feesLn 11c	$30K		$30K
Other fees for servicesLn 11g	$415K	$53K	$361K	$1K
Advertising and promotionLn 12	$187K	$187K
Office expensesLn 13	$86K	$46K	$39K	$1K
Information technologyLn 14	$77K	$74K	$4K
OccupancyLn 16	$47K	$41K	$5K	$1K
TravelLn 17	$24K	$21K	$3K	$574
Depreciation, depletion and amortizationLn 22	$30K	$26K	$3K	$698
InsuranceLn 23	$30K	$26K	$3K	$691
Other expenses (24a–d)Ln 24	$532K	$488K	$43K	$1K
All other expensesLn 24e	$24K	$8K	$16K	$221
Total functional expensesLn 25	$6.6M	$5.5M	$1.0M	$113K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$8.1M	$5.1M	$3.0M	$593K	990 PDF
FY2024	$4.8M	$6.7M	−$1.9M	−$2.4M	990 PDF
FY2023	$5.7M	$7.2M	−$1.4M	−$489K	990 PDF
FY2022	$6.9M	$7.5M	−$588K	$961K	990 PDF
FY2021	$7.9M	$6.0M	$1.9M	$1.5M	990 PDF
FY2020 Viewing	$6.9M	$6.6M	$313K	−$318K	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 FY2020 990 (6 parts)

Part I · Summary $6,897,826 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,506,040$1,402,085

I-9 Program service revenuePrior year $4,436,573$5,514,839

I-10 Investment incomePrior year −$5,764$630

I-11 Other revenuePrior year −$131,375−$19,728

I-12 Total revenuePrior year $5,805,474$6,897,826

I-13 Grants and similar amounts paidPrior year $398,668$570,000

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

I-15 Salaries and benefitsPrior year $4,386,990$4,531,738

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

I-17 Other expensesPrior year $1,638,316$1,483,567

I-18 Total expensesPrior year $6,423,974$6,585,305

I-19 Revenue less expensesPrior year −$618,500$312,521

Part VI · Governance 6 of 8 board members independent, 1 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members6

VI-2 Family or business relationship among officers or directorsYes

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 $6,897,826 across 9 lines filed

VIII-1c Fundraising events$199,139

VIII-1f All other contributions, gifts and grants$1,202,946

VIII-1g Noncash contributions (included above)$179,400

VIII-1h Total contributions, gifts and grants$1,402,085

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,514,839$5,514,839

VIII-3 Investment incomeExcluded from tax $57$57

VIII-7 Net gain or loss on sales of assetsExcluded from tax $573$573

VIII-8 Net income from fundraising eventsExcluded from tax −$19,728−$19,728

VIII-12 Total revenueRelated to mission $5,514,839 · Unrelated business $0 · Excluded from tax −$19,098$6,897,826

Part IX · Statement of functional expenses $6,585,305 across 18 lines filed

IX-1 Grants to domestic organizationsPrograms $570,000$570,000

IX-5 Pay of current officers, directors and key staffPrograms $1,107,162 · Management $205,855 · Fundraising $33,834$1,346,851

IX-7 Other salaries and wagesPrograms $2,236,950 · Management $224,500 · Fundraising $55,128$2,516,578

IX-8 Pension plan contributionsPrograms $52,336 · Management $7,136 · Fundraising $1,842$61,314

IX-9 Other employee benefitsPrograms $288,346 · Management $37,757 · Fundraising $8,967$335,070

IX-10 Payroll taxesPrograms $235,218 · Management $30,338 · Fundraising $6,369$271,925

IX-11b Legal feesManagement $1,074$1,074

IX-11c Accounting feesManagement $29,894$29,894

IX-11g Other fees for servicesPrograms $53,138 · Management $360,715 · Fundraising $1,116$414,969

IX-12 Advertising and promotionPrograms $187,395$187,395

IX-13 Office expensesPrograms $45,538 · Management $39,251 · Fundraising $1,233$86,022

IX-14 Information technologyPrograms $73,593 · Management $3,873$77,466

IX-16 OccupancyPrograms $40,806 · Management $5,263 · Fundraising $1,105$47,174

IX-17 TravelPrograms $21,193 · Management $2,733 · Fundraising $574$24,500

IX-22 Depreciation, depletion and amortizationPrograms $25,774 · Management $3,324 · Fundraising $698$29,796

IX-23 InsurancePrograms $25,525 · Management $3,292 · Fundraising $691$29,508

IX-24 Other expenses (24a–d)Programs $487,752 · Management $42,783 · Fundraising $1,154$531,689

IX-24e All other expensesPrograms $8,155 · Management $15,704 · Fundraising $221$24,080

IX-25 Total functional expensesPrograms $5,458,881 · Management $1,013,492 · Fundraising $112,932$6,585,305

Part X · Balance sheet $1,870,624 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $508,527$1,491,847

X-2 Savings and temporary cash investmentsStart of year $200,537$0

X-3 Pledges and grants receivableStart of year $448,679$250,000

X-4 Accounts receivableStart of year $43,184$86,927

X-9 Prepaid expenses and deferred chargesStart of year $130,736$12,783

X-10c Land, buildings and equipment, netStart of year $43,362$29,067

X-16 Total assetsStart of year $1,375,025$1,870,624

X-17 Accounts payable and accrued expensesStart of year $476,423$533,457

X-19 Deferred revenueStart of year $568,190$0

X-24 Unsecured notes and loans payable$567,500

X-25 Other liabilitiesStart of year $961,033$1,087,767

X-26 Total liabilitiesStart of year $2,005,646$2,188,724

X-27 Net assets without donor restrictionsStart of year −$1,105,891−$588,682

X-28 Net assets with donor restrictionsStart of year $475,270$270,582

X-32 Total net assets or fund balancesStart of year −$630,621−$318,100

X-33 Total liabilities and net assetsStart of year $1,375,025$1,870,624

Part XI · Reconciliation of net assets −$318,100 net assets at year end

XI-1 Total revenue$6,897,826

XI-2 Total expenses$6,585,305

XI-3 Revenue less expenses$312,521

XI-4 Net assets at start of year−$630,621

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$318,100

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Public Preparatory Network INC FY2020 filing

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