EIN 13-2613383

Prep for Prep

IRS 501(c) type
501(c)(3)
Num. employees
225
Year formed
1968
Most recent tax filings
2023-06-01
NTEE code, primary
Description
Prep for Prep develops ethical and effective leaders who reflect our diverse society for the enduring benefit of all.
Total revenues
$16,518,747
2023
Total expenses
$14,880,016
2023
Total assets
$62,950,296
2023
Num. employees
225
2023

Program areas at Prep for Prep

Preparatory programs: Prep redefines opportunity for top students of color in nyc public schools through exceptional academic and social preparedness programming - a rigorous 14-month course of study - that results in placing approximately 200 students annually in leading nyc independent schools (in 7th grade) and northeastern boarding schools (in 9th grade). Our organizational budget investment in our students leverages roughly $35 million in financial aid for over 700 students (grades 7-12) annually committed by our partner schools to meet students' needs based on family household income.
Leadership development: Prep offers leadership development and professional advancement opportunities during high school and college to roughly 1,300 students annually. Activities include: sleep-away camp; a prep-sotheby's partnership for our summer arts academy; a prep-google partnership for our institute for entrepreneurship (ife); a new entrepreneurship camp for middle school students; college guidance (including campus visits); student leadership retreats; summer internships and career seminars with leading firms, companies, nonprofits, and public service agencies; exposure to stem fields and computer coding; travel abroad, international living, and experiential learning; and other programs aimed at expanding student horizons. These opportunities increase students' sense of belonging, broaden understanding of life's possibilities, and build a stronger self-identity.
Counseling: Prep provides individual counseling for approximately 700 students annually throughout their time (ranging from 4-6 years) in independent day and boarding schools. Our counseling team monitors students' academic and social-emotional progress and provides assistance, including tutoring and emergency fund support, to students and their families as needed. The team works to equip students, who are also navigating adolescence, to address issues ranging from imposter syndrome to micro-aggressions; from perfectionism to anxiety and depression; from cultural divides to assimilation and gender identity. Services and support are also made available to approximately 600 college students annually through our undergraduate affairs team.
Talent search : our admissions team identifies 200 students each year for admission to Prep for Prep, selected among nearly 4,000 annual inquiries from students of color in nyc public schools. The admissions process is extensive and highly competitive. Students are chosen for their academic potential and intellectual capacity, their commitment to learning and growth, their courage and integrity, their determination to succeed, and their resilience. Alumni affairs: for Prep's alumni, now 4,223 strong and growing, we build community through a variety of engagement programs that encourage a life-long commitment to Prep and its mission. Ongoing networking, professional development, and social gatherings, along with opportunities to give back their time, knowledge, and treasure, ensure that our students have role models, mentors, and champions to help them reach their full potential and follow in the footsteps of their fellow alumni.educational equity - expertise & leadership impact : Prep has a longstanding commitment to sharing its program model and experience and boasts a growing list of more than 250 organizations and social entrepreneurs who have benefited from our knowledge, methods, and approaches. Additionally, Prep supports its partner schools with information-sharing and professional advice and support.

Who funds Prep for Prep

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Margaret and Daniel Loeb FoundationCharitable$600,000
Bloomberg PhilanthropiesGeneral Support$450,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$417,640
...and 148 more grants received totalling $5,861,115

Personnel at Prep for Prep

NameTitleCompensation
Ruth JurgensenChief Executive Officer$390,125
Sharon MadisonChief Operating Officer$220,272
Kerry GreeneChief Advancement Officer / Vice President for External Affairs$206,895
Jackson CollinsExecutive Director$264,686
Brandon HenriquezDirector of Technology$135,859
...and 19 more key personnel

Financials for Prep for Prep

RevenuesFYE 06/2023
Total grants, contributions, etc.$16,953,341
Program services$0
Investment income and dividends$496,254
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-931,503
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$655
Total revenues$16,518,747

Form 990s for Prep for Prep

Fiscal year endingDate received by IRSFormPDF link
2023-062023-11-13990View PDF
2022-062022-11-10990View PDF
2021-062021-11-10990View PDF
2020-062021-02-24990View PDF
2019-062020-02-10990View PDF
...and 9 more Form 990s

Organizations like Prep for Prep

OrganizationLocationRevenue
Rapid City Christian Education AssociationRapid City, SD$5,057,822
The Hudson SchoolHoboken, NJ$4,591,977
Wayland AcademyBeaver Dam, WI$5,826,900
St Andrew's SchoolBarrington, RI$19,789,044
Vail Mountain SchoolVail, CO$18,473,124
Mounds Park AcademySt Paul, MN$19,291,033
Desert Christian SchoolsTucson, AZ$8,004,708
Barstow SchoolKansas City, MO$33,472,747
Whitfield SchoolSaint Louis, MO$12,527,279
Montrose SchoolMedfield, MA$7,647,629
Data update history
January 24, 2024
Updated personnel
Identified 12 new personnel
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2023
January 3, 2024
Used new vendors
Identified 3 new vendors, including , , and
January 3, 2024
Received grants
Identified 66 new grant, including a grant for $600,000 from The Margaret and Daniel Loeb Foundation
October 25, 2023
Received grants
Identified 14 new grant, including a grant for $350,000 from Wachtell Lipton Rosen and Katz Foundation
Nonprofit Types
Employment organizationsSchoolsK-12 schoolsCharities
Issues
EducationHuman servicesChildren
Characteristics
Fundraising eventsEndowed supportCommunity engagement / volunteeringGala fundraisersTax deductible donations
General information
Address
328 W 71st St
New York, NY 10023
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
prepforprep.org/ 
Phone
(212) 579-1390
Facebook page
prepforprep 
Twitter profile
@prep_for_prep 
IRS details
EIN
13-2613383
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1968
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B25: High School
NAICS code, primary
611430: Professional and Management Development Training
Parent/child status
Independent
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