Public Preparatory Network INC: FY2024 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

76 cents of each dollar spent went to programs.

76%

19%

Program services 76% · $5.1M Management & general 19% · $1.3M Fundraising 5% · $306K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

18 people listed on the 990; $2.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Janelle Bradshaw

CEO - Resigned Aug 2024

$475,134Pt VII · Sec A

Giuseppa L Carbone

Superintendent

$273,742Pt VII · Sec A

Jeannemarie Hendershot

Chief Operating Officer

$250,937Pt VII · Sec A

Emilee Christopher

Chief Talent Officer

$242,904Pt VII · Sec A

Jenny Zambrano

CFO - Resigned Jan 2024

$212,407Pt VII · Sec A

Michael Burgevin

Chief Academic Officer

$201,750Pt VII · Sec A

Keisha Morris

Managing Director of Operation

$160,049Pt VII · Sec A

Rafet Abdeljabbar

Managing Director of Talent

$142,051Pt 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 →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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.

Questions for Public Preparatory Network INC

Tap to ask. Public Preparatory Network INC sees how many people are interested.

Your first name shows with your question. Public Preparatory Network INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $5.1M · in their own filed words · FY2023

01

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

$5.1Mprogram 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 FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$4.8M

Ln 12

Fees for servicesLn 2g$4.5M

Gifts and grantsLn 1h$359K

Investment incomeLn 3$1K

Money outPt IX

$6.7M

Ln 25

Programscol B$5.1M

Managementcol C$1.3M

Fundraisingcol D$306K

Owns and owesPt X

−$2.4M

net assets · Ln 32

Cash and savingsLn 1–2$247K

Total assetsLn 16$451K

LiabilitiesLn 26$2.8M

PeoplePt VI, VII

18

listed · VII A

PaidVII A10

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$359K

Fees for servicesLn 2g$4.5M

Investment incomeLn 3$1K

Gains on assetsLn 7$551

Total revenueLn 12$4.8M

Assets in detailPt X, end of year

CashLn 1$222K

SavingsLn 2$26K

Cash and savings togetherLn 1–2$247K

Land, buildings, equipmentLn 10c$65K

Other assetsLn 15$13K

Total assetsLn 16$451K

LiabilitiesLn 26$2.8M

Net assetsLn 32−$2.4M

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 FY24	End FY24
Cash and savingsLn 1–2	$70K	$247K
Land, buildings, equipmentLn 10c	$46K	$65K
Total assetsLn 16	$336K	$451K
LiabilitiesLn 26	$824K	$2.8M
Net assetsLn 32	−$489K	−$2.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$1.4M	$1.1M	$272K	$14K
Other salaries and wagesLn 7	$2.6M	$2.2M	$321K	$168K
Pension plan contributionsLn 8	$78K	$64K	$9K	$5K
Other employee benefitsLn 9	$295K	$239K	$39K	$16K
Payroll taxesLn 10	$286K	$232K	$41K	$13K
Accounting feesLn 11c	$27K		$27K
Other fees for servicesLn 11g	$1.2M	$681K	$489K	$69K
Advertising and promotionLn 12	$88K	$88K
Office expensesLn 13	$81K	$32K	$47K	$2K
Information technologyLn 14	$25K	$20K	$4K	$1K
TravelLn 17	$61K	$49K	$9K	$3K
Depreciation, depletion and amortizationLn 22	$46K	$37K	$7K	$2K
InsuranceLn 23	$54K	$44K	$8K	$3K
Other expenses (24a–d)Ln 24	$384K	$349K	$26K	$9K
Total functional expensesLn 25	$6.7M	$5.1M	$1.3M	$306K

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 Viewing	$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	$6.9M	$6.6M	$313K	−$318K	990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2024 990 (6 parts)

Part I · Summary $4,838,678 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $569,955$358,655

I-9 Program service revenuePrior year $5,141,874$4,478,818

I-10 Investment incomePrior year −$2,178$1,205

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $5,709,651$4,838,678

I-13 Grants and similar amounts paidPrior year $0$0

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

I-15 Salaries and benefitsPrior year $5,433,405$4,732,747

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

I-17 Other expensesPrior year $1,725,554$2,004,610

I-18 Total expensesPrior year $7,158,959$6,737,357

I-19 Revenue less expensesPrior year −$1,449,308−$1,898,679

Part VI · Governance 3 of 3 board members independent, 1 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-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 $4,838,678 across 6 lines filed

VIII-1f All other contributions, gifts and grants$358,655

VIII-1h Total contributions, gifts and grants$358,655

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,478,818$4,478,818

VIII-3 Investment incomeExcluded from tax $654$654

VIII-7 Net gain or loss on sales of assetsExcluded from tax $551$551

VIII-12 Total revenueRelated to mission $4,478,818 · Unrelated business $0 · Excluded from tax $1,205$4,838,678

Part IX · Statement of functional expenses $6,737,357 across 14 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $1,144,759 · Management $271,879 · Fundraising $14,310$1,430,948

IX-7 Other salaries and wagesPrograms $2,153,607 · Management $320,974 · Fundraising $168,386$2,642,967

IX-8 Pension plan contributionsPrograms $63,836 · Management $9,456 · Fundraising $5,040$78,332

IX-9 Other employee benefitsPrograms $239,257 · Management $38,967 · Fundraising $16,279$294,503

IX-10 Payroll taxesPrograms $231,627 · Management $41,283 · Fundraising $13,087$285,997

IX-11c Accounting feesManagement $27,066$27,066

IX-11g Other fees for servicesPrograms $681,216 · Management $488,914 · Fundraising $69,416$1,239,546

IX-12 Advertising and promotionPrograms $87,684$87,684

IX-13 Office expensesPrograms $31,854 · Management $46,994 · Fundraising $1,827$80,675

IX-14 Information technologyPrograms $19,667 · Management $4,263 · Fundraising $1,128$25,058

IX-17 TravelPrograms $49,207 · Management $8,718 · Fundraising $2,822$60,747

IX-22 Depreciation, depletion and amortizationPrograms $36,887 · Management $6,535 · Fundraising $2,116$45,538

IX-23 InsurancePrograms $43,990 · Management $7,793 · Fundraising $2,523$54,306

IX-24 Other expenses (24a–d)Programs $348,745 · Management $26,348 · Fundraising $8,897$383,990

IX-25 Total functional expensesPrograms $5,132,336 · Management $1,299,190 · Fundraising $305,831$6,737,357

Part X · Balance sheet $451,178 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $22,892$221,619

X-2 Savings and temporary cash investmentsStart of year $47,483$25,619

X-3 Pledges and grants receivableStart of year $109,500$25,000

X-4 Accounts receivableStart of year $16,008$0

X-9 Prepaid expenses and deferred chargesStart of year $93,499$100,841

X-10c Land, buildings and equipment, netStart of year $46,227$65,032

X-15 Other assetsStart of year $0$13,067

X-16 Total assetsStart of year $335,609$451,178

X-17 Accounts payable and accrued expensesStart of year $568,265$513,251

X-19 Deferred revenue$559,132

X-25 Other liabilitiesStart of year $255,898$1,766,028

X-26 Total liabilitiesStart of year $824,163$2,838,411

X-27 Net assets without donor restrictionsStart of year −$653,261−$2,542,815

X-28 Net assets with donor restrictionsStart of year $164,707$155,582

X-32 Total net assets or fund balancesStart of year −$488,554−$2,387,233

X-33 Total liabilities and net assetsStart of year $335,609$451,178

Part XI · Reconciliation of net assets −$2,387,233 net assets at year end

XI-1 Total revenue$4,838,678

XI-2 Total expenses$6,737,357

XI-3 Revenue less expenses−$1,898,679

XI-4 Net assets at start of year−$488,554

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$2,387,233

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Public Preparatory Network INC FY2024 filing

Before you give