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Friends Of Prospect Schools Ny Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 825209932 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

Overview

What is Friends Of Prospect Schools Ny Inc?

Friends of Prospect Schools NY Inc is a not-for-profit corporation established in New York State on April 9, 2018. The primary purpose of this organization is to support Brooklyn Prospect Charter School, an educational institution that operates three charter schools in Brooklyn, NY. Friends of Prospect Schools NY provides essential support by managing the school's real estate and facilities needs. Additionally, they raise funds and resources to enhance the educational experience of the school's students. They sublease facilities to the school, generating an annual rental income of $8,522,202 during the fiscal year, as mentioned in the provided information.


Is Friends Of Prospect Schools Ny Inc legitimate?

Friends Of Prospect Schools Ny Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Prospect Schools Ny Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Friends Of Prospect Schools Ny Inc?
Who is the CEO of Friends Of Prospect Schools Ny Inc?
What is the revenue of Friends Of Prospect Schools Ny Inc?
Who are the executives of Friends Of Prospect Schools Ny Inc and what are their salaries?
Where can I find the form 990 for Friends Of Prospect Schools Ny Inc?

Mission Statement of Friends Of Prospect Schools Ny Inc

Friends of Prospect Schools NY Inc is a not-for-profit organization with a mission to support the operations of Brooklyn Prospect Charter School. This mission is twofold: firstly, the organization manages the school's real estate and facilities-related needs, ensuring the school has the necessary infrastructure to operate effectively. Secondly, Friends of Prospect Schools NY raises funds and resources to enhance the educational experience of the school's students. The organization's subleasing of facilities to the school generated $8,522,202 in rental income during the fiscal year, demonstrating its significant role in supporting the school's operations.

Impact

This information is meant to be a general summary of Friends Of Prospect Schools Ny Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Friends Of Prospect Schools Ny Inc's impact can be seen in its support of Brooklyn Prospect Charter School, which operates three charter schools in Brooklyn, NY. The organization plays a vital role in managing the school's real estate and facilities-related needs, as well as raising funds to enhance the experience of the students. Through its efforts, Friends Of Prospect Schools Ny Inc contributes to the provision of quality education and support for the school community.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $46
  • Program Service Revenue: $8,522,202
  • Gross Receipts: $8,522,248

    • Assets and Liabilities:
  • Total Assets: $4,585,951
  • Total Liabilities: $2,588,397
  • Net Assets: $1,997,554
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $8,522,202

    Organization Details

    Founding Year

    2018

    Principal Officer

    Daniel Rubenstein

    Main Address

    397 BRIDGE STREET 9TH FLOOR, BROOKLYN, NY, 11201

    NTEE Category

    Code: B12 - Education

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