Challenge Preparatory Charter School FY2020 filing

Tax-deductible

Far Rockaway, NY501(c)(3)Since 2010EducationEIN 27-2203903Revenue $16.3M in FY2020

On file with the IRSchallengeprepcharter.org710 Hartman Ln, 11691-1849 · Far Rockaway, NYTax-exempt since Jul 2013School — 170(b)(1)(A)(ii)

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To prepare students to gain admission to and succeed in competitive high schools.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$733K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $920K a year · 4% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$733K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $572K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5.5M
73% of total assets
Worth a look: liabilities are 73% of assets; over 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
$16.3M
Spent
$15.1M
To programs
89%
Net assets
$2.0M
By yearFY2020–FY2025
Revenue
$16.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$16.3M
FY2021$17.6M
FY2022$22.9M
FY2023$27.1M
FY2024$29.5M
FY2025$29.6M
Expenses
$15.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$15.1M
FY2021$16.0M
FY2022$25.9M
FY2023$28.7M
FY2024$30.7M
FY2025$32.1M
Net assets
$2.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$3.6M
FY2022$1.9M
FY2023$198K
FY2024−$969K
FY2025−$3.4M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2013.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $13.4M Management & general 11% · $1.6M Fundraising 0% · $73K

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

13 people listed on the 990; $733K 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
$201,784Pt VII · Sec A
Principal, K-5th
$154,606Pt VII · Sec A
Principal, 6th-9th
$146,646Pt VII · Sec A
Assistant Principal, K-5th
$117,430Pt VII · Sec A
Assistant Principal, 6th-9th
$112,168Pt VII · Sec A
Secretary (thru 3/20)
$0Pt VII · Sec A
Trustee, Secretary ( as of 4/20)
$0Pt VII · Sec A
$0Pt VII · Sec A

Mavgar Mondesir-Gordon’s $289K as SR. Director, Teaching & Learning is at the 62nd percentile of top reported officer pay among 3683 $10–100M 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Mavgar Mondesir-Gordon$289,265$254,159$258,692$175,601$168,535$146,646
Dr Leslie Mullings$272,907$267,104$246,113$161,737$216,804$201,784
Kentia Coreus$209,340$204,960$182,328$120,702$153,395—
Nicole Griffin—$179,011$168,570$111,641$155,909$154,606
Humma Qureshi$175,144$148,737————
Tameeka Richards Director of$159,183$151,147————
Donna Webster$158,405$133,651————
Gasner Vil$152,668$134,945————

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

Helps students prepare for and succeed in competitive high schools.

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1 program · $13.4M · in their own filed words · FY2019
01

For the 2019-2020 school year, we served approximately 802 students in grades kindergarten through eighth. The school implements several practices that help maintain instructional coherence. One of those practices is the use of parent-communication notebooks. A separate notebook is kept for the specific use of communicating with parents.

$13.4Mprogram 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
50can INCFY2024$572K
Total grants receivedfrom 1 funder$572K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$16.3M
Ln 12
Fees for servicesLn 2g$15.7M
Gifts and grantsLn 1h$435K
Other incomeLn 4–11$126K
Money outPt IX
$15.1M
Ln 25
Programscol B$13.4M
Managementcol C$1.6M
Fundraisingcol D$73K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$4.9M
Total assetsLn 16$7.5M
LiabilitiesLn 26$5.5M
PeoplePt VI, VII
13
listed · VII A
PaidVII A5
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$435K
Government grantsLn 1e$435K
Noncash giftsLn 1g$54K
Fees for servicesLn 2g$15.7M
Investment incomeLn 3$8
Other incomeLn 4–11$126K
Total revenueLn 12$16.3M
Assets in detailPt X, end of year
CashLn 1$4.9M
SavingsLn 2$4K
Cash and savings togetherLn 1–2$4.9M
Land, buildings, equipmentLn 10c$893K
Other assetsLn 15$933K
Total assetsLn 16$7.5M
LiabilitiesLn 26$5.5M
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 5162
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
LineStart FY20End FY20
Cash and savingsLn 1–2$2.4M$4.9M
Land, buildings, equipmentLn 10c$835K$893K
Total assetsLn 16$4.3M$7.5M
LiabilitiesLn 26$3.5M$5.5M
Net assetsLn 32$806K$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$754K$660K$91K$2K
Other salaries and wagesLn 7$7.4M$6.5M$923K$12K
Pension plan contributionsLn 8$154K$140K$12K$2K
Other employee benefitsLn 9$807K$734K$65K$8K
Payroll taxesLn 10$692K$630K$55K$7K
Management feesLn 11a$350K$251K$95K$4K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$26K$26K
Other fees for servicesLn 11g$637K$619K$15K$4K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$202K$184K$15K$3K
Information technologyLn 14$105K$94K$11K$694
OccupancyLn 16$2.9M$2.7M$235K$29K
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$171K$154K$17K
InsuranceLn 23$106K$96K$8K$1K
Other expenses (24a–d)Ln 24$741K$697K$42K$1K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$15.1M$13.4M$1.6M$73K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $29.6M$32.1M−$2.5M−$3.4M 990 PDF
FY2024 $29.5M$30.7M−$1.2M−$969K 990 PDF
FY2023 $27.1M$28.7M−$1.7M$198K 990 PDF
FY2022 $22.9M$25.9M−$3.0M$1.9M 990 PDF
FY2021 $17.6M$16.0M$1.6M$3.6M 990 PDF
FY2020 Viewing $16.3M$15.1M$1.2M$2.0M 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 $16,296,082 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $808,700$435,277
I-9 Program service revenuePrior year $13,903,632$15,734,701
I-10 Investment incomePrior year $8$8
I-11 Other revenuePrior year $74,319$126,096
I-12 Total revenuePrior year $14,786,659$16,296,082
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 $9,309,882$9,802,022
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,925,950$5,294,791
I-18 Total expensesPrior year $15,235,832$15,096,813
I-19 Revenue less expensesPrior year −$449,173$1,199,269
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 $16,296,082 across 8 lines filed
VIII-1e Government grants$434,645
VIII-1f All other contributions, gifts and grants$632
VIII-1g Noncash contributions (included above)$54,291
VIII-1h Total contributions, gifts and grants$435,277
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,734,701$15,734,701
VIII-3 Investment incomeExcluded from tax $8$8
VIII-6 Net rental income or lossExcluded from tax $126,096$126,096
VIII-12 Total revenueRelated to mission $15,734,701 · Unrelated business $0 · Excluded from tax $126,104$16,296,082
Part IX · Statement of functional expenses $15,096,813 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $660,342 · Management $91,485 · Fundraising $1,704$753,531
IX-7 Other salaries and wagesPrograms $6,460,622 · Management $922,586 · Fundraising $12,100$7,395,308
IX-8 Pension plan contributionsPrograms $140,210 · Management $12,326 · Fundraising $1,541$154,077
IX-9 Other employee benefitsPrograms $734,014 · Management $64,529 · Fundraising $8,066$806,609
IX-10 Payroll taxesPrograms $630,172 · Management $55,400 · Fundraising $6,925$692,497
IX-11a Management feesPrograms $251,372 · Management $95,090 · Fundraising $3,853$350,315
IX-11b Legal feesManagement $5,019$5,019
IX-11c Accounting feesManagement $26,250$26,250
IX-11g Other fees for servicesPrograms $619,323 · Management $14,599 · Fundraising $3,526$637,448
IX-12 Advertising and promotionManagement $7,820$7,820
IX-13 Office expensesPrograms $184,061 · Management $14,913 · Fundraising $2,663$201,637
IX-14 Information technologyPrograms $93,801 · Management $10,604 · Fundraising $694$105,099
IX-16 OccupancyPrograms $2,675,301 · Management $235,191 · Fundraising $29,399$2,939,891
IX-20 InterestManagement $1,494$1,494
IX-22 Depreciation, depletion and amortizationPrograms $154,225 · Management $17,136$171,361
IX-23 InsurancePrograms $96,164 · Management $8,454 · Fundraising $1,057$105,675
IX-24 Other expenses (24a–d)Programs $697,464 · Management $42,284 · Fundraising $1,384$741,132
IX-24e All other expensesManagement $1,650$1,650
IX-25 Total functional expensesPrograms $13,397,071 · Management $1,626,830 · Fundraising $72,912$15,096,813
Part X · Balance sheet $7,533,339 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $2,398,763$4,876,724
X-2 Savings and temporary cash investmentsStart of year $3,501$3,501
X-3 Pledges and grants receivableStart of year $547,628$452,240
X-9 Prepaid expenses and deferred chargesStart of year $194,386$374,481
X-10c Land, buildings and equipment, netStart of year $834,601$893,394
X-15 Other assetsStart of year $333,576$932,999
X-16 Total assetsStart of year $4,313,830$7,533,339
X-17 Accounts payable and accrued expensesStart of year $1,259,395$1,248,131
X-25 Other liabilitiesStart of year $2,248,718$4,280,222
X-26 Total liabilitiesStart of year $3,508,113$5,528,353
X-27 Net assets without donor restrictionsStart of year $805,717$2,004,986
X-32 Total net assets or fund balancesStart of year $805,717$2,004,986
X-33 Total liabilities and net assetsStart of year $4,313,830$7,533,339
Part XI · Reconciliation of net assets $2,004,986 net assets at year end
XI-1 Total revenue$16,296,082
XI-2 Total expenses$15,096,813
XI-3 Revenue less expenses$1,199,269
XI-4 Net assets at start of year$805,717
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,004,986

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

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