Overview
What is The Preparatory Charter School?
The Preparatory Charter School is an autonomous educational institution, catering to high school students in grades nine through twelve. This charter school is committed to providing quality education and offering specialized support services to aid in its mission. Its primary focus is on delivering comprehensive academic programs to its students, ensuring their success in their formative years.
What are the reviews and ratings of this charity?
**Charity Navigator Rating:** 81% - Three-Star out of Four Star Rating
The Preparatory Charter School earns a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health, with a score of 81% in Accountability & Finance. The organization demonstrates significant strengths, including having an entirely independent board and solid financial oversight practices. However, the absence of information regarding its impact measures and cultural community aspects suggests that there are areas of improvement for a more comprehensive evaluation.
Although the financial management appears competent with good program expense ratios, there are shortcomings in transparency as indicated by missing tax form postings on its website. This lack of online accessibility of key financial documents limits the stakeholders' ability to fully gauge the nonprofit's operations and performance. Overall, while there are commendable practices in place, the nonprofit may benefit from enhancing its public transparency.
User reviews from GreatNonprofits are currently not available, which limits insights into the community members' experiences and overall sentiment regarding the school’s programs and impact. Achieving a better holistic view of the nonprofit’s effectiveness may involve gathering more user feedback in the future.
This AI summary has been generated from information found on Charity Navigator.
Is The Preparatory Charter School legitimate?
The Preparatory Charter School is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Preparatory Charter School 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: $175,122
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,301,588
For more financial information, click here
What is the mission statement of The Preparatory Charter School?
The Preparatory Charter School, as an independent charter institution, is primarily dedicated to providing education for high school students. Its mission encompasses offering unique support services to effectively facilitate this educational objective. The school aims to create an environment that caters specifically to the needs of its ninth through twelfth grade students, ensuring they receive a well-rounded education.
Who is the CEO of The Preparatory Charter School?
David P Wright is the CEO of The Preparatory Charter School The CEO's salary of The Preparatory Charter School is $175,122 and their total compensation is $175,122.
What is the revenue of The Preparatory Charter School?
The Preparatory Charter School's revenue in 2024 was $12,808,356.
Who are the executives of The Preparatory Charter School and what are their salaries?
The average compensation at The Preparatory Charter School during 2024 was $54,225. There are 101 employees at The Preparatory Charter School.
Here are 18 key members and their salaries (The Preparatory Charter School's CEO's salary is $175,122 and their total compensation is $175,122):
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- Compensation: $160,487
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- Compensation: $175,122
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- Compensation: $106,763
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- Compensation: $103,695
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Where can I find the form 990 for The Preparatory Charter School?
The Preparatory Charter School's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Preparatory Charter School
The Preparatory Charter School, as an independent institution, is dedicated to providing high-quality education for students in grades nine through twelve. Its mission extends beyond traditional learning, incorporating unique support services to facilitate this goal effectively. This school is committed to fostering an environment that caters to the specific needs of its students, ensuring they receive a comprehensive education.
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Impact
October, 2024
The Preparatory Charter School has a significant impact on high school education in Philadelphia, focusing on students in grades nine through twelve. By offering unique support services alongside a comprehensive curriculum, the school addresses the diverse needs of its students, fostering a more inclusive and effective learning environment. This approach not only enhances academic achievement but also promotes personal growth and skill development, empowering students to successfully navigate their educational paths and future endeavors. The Preparatory Charter School thus plays a crucial role in shaping the lives of its students and contributing to the broader educational landscape in the community.
This information is meant to be a general summary of The Preparatory Charter School. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $547,494
- Program Service Revenue: $12,260,862
- Gross Receipts: $12,808,356
Assets and Liabilities:
- Total Assets: $11,082,122
- Total Liabilities: $8,326,177
- Net Assets: $2,755,945
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Local Ed Source
Revenue
$8,464,807
State Source
Revenue
$230,953
Federal Source
Revenue
$3,543,789
Other Sources
Revenue
$21,313
Organization Details
Founding Year
1998
Principal Officer
Fred Musilli
NTEE Category
Code: B25 - Education
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