The Benjamin Banneker Preparatory Charter School FY2020 filing

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The mission of the Benjamin Banneker Preparatory Charter School (bbpcs) is to develop the next generation of outstanding leaders who will be equipped with the academic excellence, self-management skills and character necessary for them to positively influence their world. The vision of bbpcs is an educational environment, which supports student engagement and empowers all students to identify and utilize their own leadership abilities and gifts.

501(c)(3) charity; gifts are tax-deductible.
49¢ of each $1 spent went to programs.
$305K 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
3 of 6
filings with a surplus
Average surplus $76K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
49%
of spending
Concern: 49% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$305K
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
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.3M
87% of total assets
Concern: liabilities are 87% of assets; over 80%.
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
$6.1M
Spent
$5.7M
To programs
49%
Net assets
$638K
By yearFY2020–FY2025
Revenue
$6.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$6.1M
FY2021$7.1M
FY2022$7.7M
FY2023$7.4M
FY2024$8.1M
FY2025$9.1M
Expenses
$5.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$5.7M
FY2021$6.7M
FY2022$7.8M
FY2023$7.2M
FY2024$8.3M
FY2025$9.2M
Net assets
$638K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$638K
FY2021$989K
FY2022$861K
FY2023$994K
FY2024$805K
FY2025$717K

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 Sep 2012.

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

Where the money goes

49 cents of each dollar spent went to programs.

Program services 49% · $2.8M Management & general 50% · $2.9M Fundraising 1% · $37K

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

6 people listed on the 990; $305K 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
Lead Administr
$160,000Pt VII · Sec A
Bus. Administr
$145,000Pt VII · Sec A
Pres-Bd Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Richard Wilson JR’s $201K as Lead Administr is at the 82nd 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Richard Wilson JR$201,187$201,187$194,365$186,054$167,889$160,000
Glenn a Richardson$183,420$183,420$177,202$170,249$158,375$145,000
Jazmine Fields——$101,950———

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 The Benjamin Banneker Preparatory Charter School 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates students to become outstanding leaders with academic excellence and strong character.

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1 program · $2.8M · in their own filed words · FY2019
01

The benjamin banneker preparatory charter school just completed its sixth year of operations. The charter school provides a full range of services appropriate to grades 6 thru 8. These services include regular, as well as special education and basic skills instruction.

$2.8Mprogram expense

Funders

Who pays for it.

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

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $798K federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through New Jersey Department of Education$390K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through New Jersey Department of Education$143K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through New Jersey Department of Agriculture$108K
Special Education Grants to StatesDepartment of Education · ALN 84.027 · Through New Jersey Department of Education$91K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through New Jersey Department of Agriculture$38K

Plus 4 smaller programs.

The auditor reported no findings.

Year ending Jun 2022 · $815K federal money spent
Arp - EsserDepartment of Education · ALN 84.425 · Through State of NJ Dept of Education$569K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through State of NJ Dept of Education$128K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through State of NJ Dept of Education$97K
Improving Teacher Quality State GrantsDepartment of Education · ALN 84.367 · Through State of NJ Dept of Education$11K
Safe and Drug-Free Schools and Communities_national ProgramsDepartment of Education · ALN 84.184 · Through State of NJ Dept of Education$9K

The auditor reported no findings.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$6.1M
Ln 12
Gifts and grantsLn 1h$6.1M
Other incomeLn 4–11$24K
Money outPt IX
$5.7M
Ln 25
Programscol B$2.8M
Managementcol C$2.9M
Fundraisingcol D$37K
Owns and owesPt X
$638K
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$4.9M
LiabilitiesLn 26$4.3M
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.1M
Government grantsLn 1e$6.1M
Other incomeLn 4–11$24K
Gains on assetsLn 7$0
Total revenueLn 12$6.1M
Assets in detailPt X, end of year
CashLn 1$1.7M
SavingsLn 2$35K
Cash and savings togetherLn 1–2$1.8M
Accounts receivableLn 4$142K
Prepaid expenses and deferred chargesLn 9$13K
Land, buildings, equipmentLn 10c$2.6M
Other assetsLn 15$420K
Total assetsLn 16$4.9M
LiabilitiesLn 26$4.3M
Net assetsLn 32$638K
OperationsPt I, VI
EmployeesI 586
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$852K$1.8M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$2.6M$2.6M
Total assetsLn 16$4.2M$4.9M
LiabilitiesLn 26$4.0M$4.3M
Net assetsLn 32$263K$638K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$2.5M$1.8M$714K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$620K$291K$329K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$1.1M$1.1M
Payroll taxesLn 10$0
Management feesLn 11a$537K$537K
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$419K$298K$84K$37K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$225K$150K$75K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$162K$162K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$51K$34K$17K
InsuranceLn 23$121K$81K$41K
All other expensesLn 24e$0
Total functional expensesLn 25$5.7M$2.8M$2.9M$37K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 30, 2026 $9.1M$9.2M−$88K$717K 990 PDF
FY2024Filed with the IRS May 13, 2025 $8.1M$8.3M−$189K$805K 990 PDF
FY2023Filed with the IRS May 15, 2024 $7.4M$7.2M$133K$994K 990 PDF
FY2022Filed with the IRS May 11, 2023 $7.7M$7.8M−$128K$861K 990 PDF
FY2021Filed with the IRS May 13, 2022 $7.1M$6.7M$351K$989K 990 PDF
FY2020 ViewingFiled with the IRS May 17, 2021 $6.1M$5.7M$375K$638K 990 PDF

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 FY2020 990 (6 parts)
Part I · Summary $6,080,209 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,990,091$6,056,228
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $28,813$23,981
I-12 Total revenuePrior year $6,018,904$6,080,209
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,622,257$4,189,078
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,552,172$1,515,689
I-18 Total expensesPrior year $5,174,429$5,704,767
I-19 Revenue less expensesPrior year $844,475$375,442
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,080,209 across 9 lines filed
VIII-1e Government grants$6,056,228
VIII-1h Total contributions, gifts and grants$6,056,228
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $23,981$23,981
VIII-12 Total revenueRelated to mission $23,981$6,080,209
Part IX · Statement of functional expenses $5,704,767 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $1,783,566 · Management $714,208$2,497,774
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $290,933 · Management $328,993$619,926
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsManagement $1,071,378$1,071,378
IX-10 Payroll taxes$0
IX-11a Management feesManagement $537,320$537,320
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $298,008 · Management $83,800 · Fundraising $36,763$418,571
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $149,609 · Management $75,234$224,843
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $162,439$162,439
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $34,113 · Management $17,154$51,267
IX-23 InsurancePrograms $80,678 · Management $40,571$121,249
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $2,799,346 · Management $2,868,658 · Fundraising $36,763$5,704,767
Part X · Balance sheet $4,897,551 assets, 25 lines filed
X-1 Cash, non-interest-bearingStart of year $821,631$1,722,264
X-2 Savings and temporary cash investmentsStart of year $30,597$35,400
X-3 Pledges and grants receivableStart of year −$5,401$0
X-4 Accounts receivableStart of year $210,265$141,833
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $12,818$12,818
X-10c Land, buildings and equipment, netStart of year $2,616,855$2,565,588
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $530,890$419,648
X-16 Total assetsStart of year $4,217,655$4,897,551
X-17 Accounts payable and accrued expensesStart of year $303,343$751,464
X-18 Grants payableStart of year $4,286$80,486
X-19 Deferred revenue−$61,938
X-23 Secured mortgages and notes payableStart of year $2,518,773$2,383,269
X-25 Other liabilitiesStart of year $1,128,419$1,105,994
X-26 Total liabilitiesStart of year $3,954,821$4,259,275
X-27 Net assets without donor restrictionsStart of year $262,834$638,276
X-32 Total net assets or fund balancesStart of year $262,834$638,276
X-33 Total liabilities and net assetsStart of year $4,217,655$4,897,551
Part XI · Reconciliation of net assets $638,276 net assets at year end
XI-1 Total revenue$6,080,209
XI-2 Total expenses$5,704,767
XI-3 Revenue less expenses$375,442
XI-4 Net assets at start of year$262,834
XI-10 Net assets at end of year$638,276

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

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