Troy Prep Foundation INC FY2023 filing

New York, NYPrivate foundation / grantmakerEIN 81-3293910Revenue −$1.5M in FY2023

On file with the IRSuncommonschools.org100 Church Street 9th Floor · New York, NY

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Troy Prep Foundation was formed to support true north Troy preparatory charter school of Troy, both operationally and in connection with the acquisition and development of facilities.

Mission: Form 990 Part I, line 1

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FY2023 · Form 990-PFIndependent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average deficit $34K a year · 16% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
990-PF Pt I · 5 filings
Cash reserves
21 mo
of spending, in cash
Looks good: 20.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.1M
103% of total assets
Concern: liabilities are 103% of assets; over 80%.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$1.5M
-281% vs prior year
Spent
$430K
Net assets
−$123K
By yearFY2020–FY2024
Revenue
−$1.5M
FY2023▼ -281%
Tap a bar for its year
Revenue by fiscal year
FY2020$836K
FY2021$836K
FY2022$836K
FY2023−$1.5M
FY2024$89K
Expenses
$430K
FY2023▲ +75%
Tap a bar for its year
Expenses by fiscal year
FY2020$261K
FY2021$268K
FY2022$246K
FY2023$430K
FY2024$53K
Net assets
−$123K
FY2023▼ -108%
Tap a bar for its year
Net assets by fiscal year
FY2020$356K
FY2021$924K
FY2022$1.5M
FY2023−$123K
FY2024$0

From the FY2023 Form 990 (year ending June 2023) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

What each dollar paid for.

Operating & administrative 100% · $430K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990-PF.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2023 filing did not itemize Part VII
Director / CEO
$0Pt VII · Sec A
Director (left May 2021)
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Troy Prep Foundation INC executive salaries →

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Programs and updates

Supports a charter school's operations and facility development.

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Provided by the organization

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1 program · $268K · in their own filed words · FY2020
01

Expenses incurred in supporting true north troy preparatory charter school of troy. Please refer to form 990, part iii, line 1, for the organization's mission.

$268Kprogram expense

By the numbers

The FY2023 990-PF, line by line.

1The main four
Money in
−$1.5M
Money out
$430K
Running costs$430K
Owns and owes
−$123K
net assets
Cash and savings$748K
Total assets$4.0M
Liabilities$4.1M
People
4
listed
Paid0
2In more detail
Revenue in detail
Total revenue−$1.5M
Assets in detailEnd of year
Cash and savings together$748K
Total assets$4.0M
Liabilities$4.1M
Net assets−$123K
Operations
Employees0
Volunteers1
Fiscal year endsJune

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $89K$53K$36K$0 990 PDF
FY2023 Viewing −$1.5M$430K−$1.9M−$123K 990 PDF
FY2022 $836K$246K$591K$1.5M 990 PDF
FY2021 $836K$268K$568K$924K 990 PDF
FY2020 $836K$261K$575K$356K 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

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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