To provide comprehensive management services to the brooklyn Prospect charter school and other potential Schools in its network and to raise funds in support of new york charter Schools.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 25 volunteers and 61 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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 surplus $53K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.0M
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.6M
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.0M
+13% vs prior year
Spent
$11.1M
To programs
84%
Net assets
$2.3M
By yearFY2020–FY2025
Revenue
$12.0M
FY2025▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.0M
FY2021$6.2M
FY2022$6.6M
FY2023$9.0M
FY2024$10.7M
FY2025$12.0M
Expenses
$11.1M
FY2025▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.0M
FY2021$6.3M
FY2022$7.3M
FY2023$9.3M
FY2024$11.2M
FY2025$11.1M
Net assets
$2.3M
FY2025▲ +69%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.0M
FY2021$2.9M
FY2022$2.1M
FY2023$1.9M
FY2024$1.3M
FY2025$2.3M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2008.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $9.3M Management & general 12% · $1.3M Fundraising 4% · $455K

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; $2.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chief Executive Officer
$329,706Pt VII · Sec A
Chief Financial Officer
$242,034Pt VII · Sec A
Chief Academic Officer
$209,969Pt VII · Sec A
Chief Operating Officer
$209,969Pt VII · Sec A
Chief of Staff
$199,616Pt VII · Sec A
Deputy Chief of Schools
$190,897Pt VII · Sec A
Deputy Chief of Schools
$170,498Pt VII · Sec A
Deputy Chief of Schools
$157,651Pt VII · Sec A

Tresha Ward’s $330K as Chief Executive Officer is at the 70th 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
Tresha Ward$329,706$314,861$306,783$188,337——
Hillary Prince$242,034$220,052$213,577$182,898$159,433$143,793
Daniel Rubenstein————$213,728$208,488
Jonathan McIntosh—$126,472$210,842$179,857$153,962$141,410
Yehonatan Samuel-Siegel$209,969$205,491$209,816———
Kecia Clark$209,969$129,721————
Lisa Chen—$198,533$201,879———
Paul Astuto$199,616$193,281$184,637———

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 Prospect Schools 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Manages and raises funds for Brooklyn Prospect Charter School.

Questions for Prospect Schools INC

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Your first name shows with your question. Prospect Schools INC answers here, for everyone.

Provided by the organization

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1 program · $9.3M · in their own filed words · FY2024
01

Prospect schools, inc. Was formed on june 4, 2007 under the laws of new york. The organization provides comprehensive management services and raises funds to support brooklyn prospect charter school, an educational corporation that operates three charter schools in the borough of brooklyn, ny.

$9.3Mprogram 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 · FY2025
Total grants receivedfrom 1 funder$3K
Grants paid · 7 grants · $2.2M · 2019–2024
Unitemized GrantFY2024$10,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$12.0M
Ln 12
Fees for servicesLn 2g$10.3M
Gifts and grantsLn 1h$1.7M
Other incomeLn 4–11$23K
Money outPt IX
$11.1M
Ln 25
Programscol B$9.3M
Managementcol C$1.3M
Fundraisingcol D$455K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$5.8M
LiabilitiesLn 26$3.6M
PeoplePt VI, VII
15
listed · VII A
PaidVII A10
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Government grantsLn 1e$597K
Fundraising eventsLn 1c$102K
Fees for servicesLn 2g$10.3M
Investment incomeLn 3$1K
Other incomeLn 4–11$23K
Total revenueLn 12$12.0M
Assets in detailPt X, end of year
CashLn 1$616K
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$1.7M
Land, buildings, equipmentLn 10c$528K
Other assetsLn 15$3.5M
Total assetsLn 16$5.8M
LiabilitiesLn 26$3.6M
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 561
VolunteersI 625
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 FY25End FY25
Cash and savingsLn 1–2$463K$1.7M
Land, buildings, equipmentLn 10c$575K$528K
Total assetsLn 16$5.2M$5.8M
LiabilitiesLn 26$3.8M$3.6M
Net assetsLn 32$1.3M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$515K$515K
Grants to domestic individualsLn 2$10K$10K
Pay of current officers, directors and key staffLn 5$1.3M$806K$403K$134K
Other salaries and wagesLn 7$5.0M$4.3M$514K$166K
Pension plan contributionsLn 8$148K$130K$14K$4K
Other employee benefitsLn 9$1.0M$810K$143K$47K
Payroll taxesLn 10$486K$394K$70K$23K
Legal feesLn 11b$9K$9K$280$187
Accounting feesLn 11c$45K$45K
Other fees for servicesLn 11g$1.3M$1.3M$31K$21K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$288K$271K$10K$7K
Information technologyLn 14$81K$77K$2K$2K
OccupancyLn 16$67K$46K$13K$9K
TravelLn 17$64K$53K$6K$4K
Conferences, conventions and meetingsLn 19$455K$455K
InterestLn 20$92$54$38
Depreciation, depletion and amortizationLn 22$53K$50K$2K$1K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$151K$80K$34K$37K
Total functional expensesLn 25$11.1M$9.3M$1.3M$455K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $12.0M$11.1M$923K$2.3M 990 PDF
FY2024 $10.7M$11.2M−$572K$1.3M 990 PDF
FY2023 $9.0M$9.3M−$231K$1.9M 990 PDF
FY2022 $6.6M$7.3M−$758K$2.1M 990 PDF
FY2021 $6.2M$6.3M−$126K$2.9M 990 PDF
FY2020 $7.0M$6.0M$1.1M$3.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $12,013,097 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,853,745$1,682,097
I-9 Program service revenuePrior year $8,793,151$10,306,851
I-10 Investment incomePrior year $197$1,119
I-11 Other revenuePrior year $13,098$23,030
I-12 Total revenuePrior year $10,660,191$12,013,097
I-13 Grants and similar amounts paidPrior year $787,293$525,311
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,647,188$7,989,748
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,797,800$2,574,891
I-18 Total expensesPrior year $11,232,281$11,089,950
I-19 Revenue less expensesPrior year −$572,090$923,147
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $12,013,097 across 9 lines filed
VIII-1c Fundraising events$101,792
VIII-1e Government grants$596,834
VIII-1f All other contributions, gifts and grants$983,471
VIII-1h Total contributions, gifts and grants$1,682,097
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,306,851$10,306,851
VIII-3 Investment incomeExcluded from tax $1,119$1,119
VIII-8 Net income from fundraising eventsExcluded from tax $22,917$22,917
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $113$113
VIII-12 Total revenueRelated to mission $10,306,851 · Unrelated business $0 · Excluded from tax $24,149$12,013,097
Part IX · Statement of functional expenses $11,089,950 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $515,311$515,311
IX-2 Grants to domestic individualsPrograms $10,000$10,000
IX-5 Pay of current officers, directors and key staffPrograms $806,132 · Management $403,066 · Fundraising $134,355$1,343,553
IX-7 Other salaries and wagesPrograms $4,331,856 · Management $513,951 · Fundraising $165,947$5,011,754
IX-8 Pension plan contributionsPrograms $129,798 · Management $13,512 · Fundraising $4,337$147,647
IX-9 Other employee benefitsPrograms $810,461 · Management $143,165 · Fundraising $46,869$1,000,495
IX-10 Payroll taxesPrograms $393,932 · Management $69,586 · Fundraising $22,781$486,299
IX-11b Legal feesPrograms $8,883 · Management $280 · Fundraising $187$9,350
IX-11c Accounting feesManagement $45,155$45,155
IX-11g Other fees for servicesPrograms $1,290,004 · Management $31,264 · Fundraising $20,843$1,342,111
IX-12 Advertising and promotionPrograms $10,641$10,641
IX-13 Office expensesPrograms $271,127 · Management $10,048 · Fundraising $6,697$287,872
IX-14 Information technologyPrograms $77,310 · Management $2,375 · Fundraising $1,584$81,269
IX-16 OccupancyPrograms $45,569 · Management $12,832 · Fundraising $8,554$66,955
IX-17 TravelPrograms $52,933 · Management $6,386 · Fundraising $4,257$63,576
IX-19 Conferences, conventions and meetingsPrograms $455,057$455,057
IX-20 InterestPrograms $54 · Management $38$92
IX-22 Depreciation, depletion and amortizationPrograms $50,147 · Management $1,583 · Fundraising $1,056$52,786
IX-23 InsuranceManagement $9,384$9,384
IX-24 Other expenses (24a–d)Programs $79,659 · Management $33,731 · Fundraising $37,253$150,643
IX-25 Total functional expensesPrograms $9,338,874 · Management $1,296,356 · Fundraising $454,720$11,089,950
Part X · Balance sheet $5,809,356 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $159,153$615,596
X-2 Savings and temporary cash investmentsStart of year $304,183$1,046,127
X-9 Prepaid expenses and deferred chargesStart of year $100,108$106,246
X-10c Land, buildings and equipment, netStart of year $575,089$527,543
X-15 Other assetsStart of year $4,036,494$3,513,844
X-16 Total assetsStart of year $5,175,027$5,809,356
X-17 Accounts payable and accrued expensesStart of year $369,741$233,897
X-24 Unsecured notes and loans payableStart of year $200,000$200,000
X-25 Other liabilitiesStart of year $3,272,513$3,119,539
X-26 Total liabilitiesStart of year $3,842,254$3,553,436
X-27 Net assets without donor restrictionsStart of year $1,332,773$2,255,920
X-32 Total net assets or fund balancesStart of year $1,332,773$2,255,920
X-33 Total liabilities and net assetsStart of year $5,175,027$5,809,356
Part XI · Reconciliation of net assets $2,255,920 net assets at year end
XI-1 Total revenue$12,013,097
XI-2 Total expenses$11,089,950
XI-3 Revenue less expenses$923,147
XI-4 Net assets at start of year$1,332,773
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,255,920

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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