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Prep For Prep

Learn about this cause: What are the reviews? 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)

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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

What are the reviews and ratings of this charity?

Charity Navigator Rating 100% - Four-Star out of Four Stars .ating.

Prep For Prep has achieved a perfect score on Charity Navigator, reflecting its strong accountability and financial management, as well as its effective impact measurement. The organization serves as a crucial resource, having supported 112 beneficiaries in its programs over the evaluated year. With a program expense ratio of 80.44% and an impressive working capital ratio of 4.76 years, it demonstrates a robust financial health and efficient use of funds.

User feedback highlights the significant impact of Prep For Prep on individuals' educational journeys. A former client shared a testimonial detailing how the program not only prepared them academically and psychologically for independent schooling but also provided valuable career guidance and college application support. This personal success story illustrates the organization's commitment to fostering the potential of its participants, leading to notable achievements in higher education.

While the organization is praised for its strong programmatic efforts and financial practices, the feedback does not mention any particular limitations. Overall, Prep For Prep is recognized for its dedication to empowering students and effectively managing its resources to create lasting impacts in their lives.


This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.

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.


Heare 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):


Martin Lipton (Chair Emeritus (Nonvoting))
  • Compensation: $0
  • Related: $0
  • Other: $0
John L Vogelstein (Chair Emeritus (Nonvoting))
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott L Bok (Chair Emeritus)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Smith Cashin (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yahonnes Cleary (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher James (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sue Meng (Executive Vice President &)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel M Neidich (Executive Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank K Bynum Jr (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margaret Munzer Loeb (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Caplan (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John H Hall Esq (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Natalie Swaby Hutchinson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Arnaboldi (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Ortega (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Anzalone (Vice President & Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard D'Albert (Vice President & Assistant)
  • 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
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
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
Rebecca Ervey (Director Of Development An)
  • Compensation: $211,174
  • Related: $0
  • Other: $19,876
Alejandro Luciano (Director Of Mental Wellness)
  • Compensation: $141,263
  • 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?

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.

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Impact



October, 2024

Prep For Prep creates a significant impact by empowering students of color from NYC public schools through comprehensive academic and social preparedness programs. Over the past 45 years, it has nurtured a community of more than 5,000 students and alumni, fostering generations of diverse leaders who are effecting change and influencing various sectors including democracy and the global economy.

The organization offers a rigorous 14-month preparatory program aimed at placing approximately 200 students each year into prestigious independent and boarding schools. By investing around $35 million in financial aid annually, it ensures that over 700 students receive the necessary support to thrive academically, leveling the playing field for those from diverse backgrounds.

Ultimately, Prep For Prep is redefining opportunities for young leaders by expanding access to top-tier educational resources and leadership development, thereby cultivating the leaders of tomorrow who reflect the diversity of our society.



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.


Financials

This financial information is from Propublica.

Revenue
$16,518,747 (2023)
Expenses
$14,880,016 (2023)
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
  • Gross Receipts: $17,993,450

Assets and Liabilities:

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

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Organization Details

Founding Year

1968

Phone

(212) 579-1390

Principal Officer

Ruth Jurgensen

Main Address

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

Website

www.prepforprep.org

NTEE Category

Code: B110 - Education

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