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Prep For Prep

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

EIN: 132613383 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is Prep For Prep?

Prep For Prep is a prominent nonprofit organization based in New York City, with a US address at 328 WEST 71st STREET. Their mission is to provide exceptional academic and social preparedness programming for top students of color in New York City public schools. The program lasts for 14 months and results in approximately 200 students being placed annually in leading NYC independent schools in 7th grade and northeastern boarding schools in 9th grade. Prep For Prep's budget investment in their students leads to over $35 million in financial aid for over 700 students annually from partner schools. With a strong vision of a diverse and ethical leadership, Prep For Prep has grown to a network of over 5,000 students and alumni, creating generations of leaders inspiring change, shaping our democracy, and contributing to the global economy.


Official website here: www.prepforprep.org

Is Prep For Prep legitimate?

Prep For Prep is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prep For Prep 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: $973,069
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,835,421

For more financial information, click here


Official website here: www.prepforprep.org

What is the mission statement of Prep For Prep?

Prep For Prep envisions a nation with ethical and effective leaders who reflect our diverse society. With a mission to develop future leaders, this organization provides access to top educational, leadership development, and professional advancement opportunities for young people of color. Prep's intensive 14-month course of study results in approximately 200 students annually being placed in leading independent schools, leveraging over $35 million in financial aid for over 700 students. The organization's mission is to create opportunities that empower diverse students to excel and contribute to our society and economy.


Official website here: www.prepforprep.org

Who is the CEO of Prep For Prep?

Ruth Jurgensen is the Chair Emeritus (Nonvoting) of Prep For Prep. The CEO's salary of Prep For Prep is $390,125 and their total compensation is $408,073.


Official website here: www.prepforprep.org

What is the revenue of Prep For Prep?

Prep For Prep's revenue in 2023 was $16,518,747.


Official website here: www.prepforprep.org

Who are the executives of Prep For Prep and what are their salaries?

The average compensation at Prep For Prep during 2023 was $34,704. There are 225 employees and 555 volunteers at Prep For Prep.

Here are 90 key members and their salaries (Prep For Prep's CEO's salary is $390,125 and their total compensation is $408,073):

    Ruth Jurgensen (Chief Executive Officer)
  • Compensation: $390,125
  • Related: $0
  • Other: $17,948

    • Jackson Collins (Executive Director)
  • Compensation: $264,686
  • Related: $0
  • Other: $25,524

    • Sharon Madison (Chief Operating Officer)
  • Compensation: $220,272
  • Related: $0
  • Other: $24,842

    • Rebecca Ervey (Director Of Development An)
  • Compensation: $211,174
  • Related: $0
  • Other: $19,876

    • Nikole Smith (Director Of Academic Progr)
  • Compensation: $184,021
  • Related: $0
  • Other: $28,859

    • Johanna Rodriguez (Director Of Admissions)
  • Compensation: $172,135
  • Related: $0
  • Other: $23,061

    • Cindy Perez (Director Of Leadership Dev)
  • Compensation: $144,661
  • Related: $0
  • Other: $27,586

    • Alejandro Luciano (Director Of Mental Wellness)
  • Compensation: $141,263
  • Related: $0
  • Other: $0

    • Martin Lipton (Chair Emeritus (Nonvoting)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John L Vogelstein (Chair Emeritus (Nonvoting)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott L Bok (Chair Emeritus) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Smith Cashin (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Yahonnes Cleary (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christopher James (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sue Meng (Executive Vice President &) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel M Neidich (Executive Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frank K Bynum Jr (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Margaret Munzer Loeb (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kenneth Caplan (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John H Hall Esq (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Natalie Swaby Hutchinson (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicole Arnaboldi (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christopher Ortega (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Anzalone (Vice President & Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard D'Albert (Vice President & Assistant) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Allman (Trustee, Ex-Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dale Allsopp (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Conor Bastable (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anson H Beard (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jorge Calderon (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alex Clavel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Diogenes Brito (Trustee From Oct. 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathryn M Deane (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James P Demare (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eric Derfner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pascal Desroches (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alexander R Edlich (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patricia Farman-Farmaian (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Ferro (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kareem Cook (Trustee From Jan. 2023)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carl D Harnick (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Francis Idehen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James R Maher (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eric A Rothfeld (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anthony Kim (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robin Krasny (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laurence C Leeds Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James R Levy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frank J Loverro (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • R Tyler Morse (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jonathan Moses (Trustee Thru Sept. 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeannemarie Obrien (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sandy Osborne (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lissa Perlman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Trevor Price (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Schaps (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William A Shutzer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peg Sullivan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael West (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anita Volz Wien (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian C Wille (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amanda Boston (Trustee Thru Sept. 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karessa L Cain (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Imani Dawson Ix (Trustee Thru Sept. 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Otero Xii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Roland Persaud La Ii (Trustee Thru Sept. 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Griffin Schroeder (Trustee Thru Sept. 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Evan Schwartzberg (Trustee From Oct. 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Harold Butler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Melanie Dow (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Parisa Jaffer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Medhi Mahmud (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dusty Philip (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adora Whitaker (Trustee Thru Sept. 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nancy Reyes (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Arun Alagappan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Catherine Cole (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lorence Kim (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Julien Liau (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Raquel Oden (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Natasha Riveraxxv (Trustee Thru Sept. 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles F Stewart (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nyssa Fajardoo Lee (Trustee From Oct. 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Mitchell (Trustee From Oct. 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mariama N' Diaye (Trustee From Oct. 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Pabon (Trustee From Oct. 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dante Pearson (Trustee From Oct. 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mo Sakurai (Trustee From Oct. 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Greenberg (Trustee From Oct. 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vaughn Caldon (Trustee From Oct. 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.prepforprep.org

    Where can I find the form 990 for Prep For Prep?

    The Prep For Prep’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.prepforprep.org

    Learn more at the official website: www.prepforprep.org

    Mission Statement of Prep For Prep

    Prep For Prep, a visionary organization, aims to cultivate a nation shaped by ethical and effective leaders reflecting the diversity of our society. With a rich history spanning over four decades, Prep For Prep has grown to encompass more than 5,000 students and alumni. This organization is dedicated to providing young people of color with access to top-tier educational, leadership development, and professional advancement opportunities.

    Prep For Prep's mission is to inspire change and shape our democracy by developing future leaders. Through exceptional academic and social preparedness programming, the organization transforms the lives of approximately 200 students annually. This transformative 14-month course of study prepares students in New York City public schools to attend leading independent schools starting in seventh grade and Northeastern boarding schools beginning in ninth grade. The organization's investment in its students generates significant financial aid commitments from partner schools, totaling over $35 million annually to meet students' needs based on their family household income.

    Impact

    This information is meant to be a general summary of Prep For Prep. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Prep For Prep has a significant impact on developing future leaders by creating access for young people of color to first-rate educational opportunities. Their rigorous 14-month preparatory programs have resulted in placing approximately 200 students annually in leading NYC independent schools and northeastern boarding schools. This investment in students leverages roughly $35 million in financial aid annually, benefiting over 700 students. As a result, Prep For Prep is contributing to the development of a diverse group of leaders who are inspiring change, shaping our democracy, and contributing to the global economy.





    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 2023.

  • Investment Income: $-435,249
  • Program Service Revenue: $0
  • Gross Receipts: $17,993,450

    • Assets and Liabilities:
  • Total Assets: $62,950,296
  • Total Liabilities: $1,140,256
  • Net Assets: $61,810,040
  • Organization Details

    Founding Year

    1968

    Principal Officer

    Ruth Jurgensen

    Main Address

    328 WEST 71ST STREET, NEW YORK, NY, 100233502

    NTEE Category

    Code: B110 - Education

    If you are a representative of Prep For Prep and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.