2026-05-15T22:56:11-05:00 2025-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2024-07-01 331174065 PROSPECT SCHOOLS INC PROS 7186431086 397 BRIDGE STREET 9TH FLOOR BROOKLYN NY 11201 HILLARY PRINCE CFO 7186431086 2026-05-15 1 1 SACHA RICHARDS P01378509 2017129800 2026-05-15 2024 2025-03-06 01:10:19Z HILLARY PRINCE 397 BRIDGE STREET 9TH FLOOR BROOKLYN NY 11201 12127525 0 X N/A X 2007 NY TO PROVIDE COMPREHENSIVE MANAGEMENT SERVICES TO BROOKLYN PROSPECT CHARTER SCHOOL AND TO RAISE FUNDS IN SUPPORT OF THE SCHOOL. 5 5 61 25 0 0 1853745 1682097 8793151 10306851 197 1119 13098 23030 10660191 12013097 787293 525311 0 0 7647188 7989748 0 0 454720 2797800 2574891 11232281 11089950 -572090 923147 5175027 5809356 3842254 3553436 1332773 2255920 TO PROVIDE COMPREHENSIVE MANAGEMENT SERVICES TO THE BROOKLYN PROSPECT CHARTER SCHOOL AND OTHER POTENTIAL SCHOOLS IN ITS NETWORK AND TO RAISE FUNDS IN SUPPORT OF NEW YORK CHARTER SCHOOLS. 0 0 9338874 525311 10306851 PROSPECT SCHOOLS, INC. WAS FORMED ON JUNE 4, 2007 UNDER THE LAWS OF NEW YORK. THE ORGANIZATION PROVIDES COMPREHENSIVE MANAGEMENT SERVICES AND RAISES FUNDS TO SUPPORT BROOKLYN PROSPECT CHARTER SCHOOL, AN EDUCATIONAL CORPORATION THAT OPERATES THREE CHARTER SCHOOLS IN THE BOROUGH OF BROOKLYN, NY. 9338874 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 51 0 61 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X X HILLARY PRINCE 7186431086 397 BRIDGE STREET 9TH FLOOR BROOKLYN NY 11201 PENNY MARZULLI CHAIR/ SECRETARY 1.00 X X 0 0 0 AHMED HAQUE VICE CHAIR 1.00 X X 0 0 0 KATE WALKER TREASURER 1.00 X X 0 0 0 STEPHEN BAILEY TRUSTEE 1.00 X 0 0 0 ELDRIDGE GILBERT III TRUSTEE 1.00 X 0 0 0 TRESHA WARD CHIEF EXECUTIVE OFFICER 50.00 X 329706 0 27027 HILLARY PRINCE CHIEF FINANCIAL OFFICER 50.00 X 242034 0 51962 YEHONATAN SAMUEL-SIEGEL CHIEF OPERATING OFFICER 50.00 X 209969 0 66969 KECIA CLARK CHIEF ACADEMIC OFFICER 50.00 X 209969 0 18655 PAUL ASTUTO CHIEF OF STAFF 50.00 X 199616 0 62296 SARAH ANN CANEY DEPUTY CHIEF OF SCHOOLS 40.00 X 190897 0 21409 STACY-ANN BRISSETT-ROSE DEPUTY CHIEF OF SCHOOLS 40.00 X 157651 0 26028 NOAH HELLMAN DEPUTY CHIEF OF SCHOOLS 40.00 X 170498 0 64071 SOUNG HO PARK DIRECTOR OF FINANCE 40.00 X 133898 0 5605 TINA DASS DIRECTOR OF SCHOOL OPERATIONS 40.00 X 140540 0 30229 1984778 0 374251 27 0 1 0 MR HOSPITALITY 240 KENT AVENUE BROOKLYN NY 11249 EVENT MANAGEMENT 171218 GOLDIN SOLUTIONS 1235 BROADWAY 4TH FLOOR NEW YORK NY 10001 COMMUNICATION STRATEGY 151500 GOLDBERG KOHN 55 E MONROE STREET CHICAGO IL 60603 LEGAL SERVICES 147188 3 101792 596834 983471 1682097 MANAGEMENT FEES 541610 10306851 10306851 10306851 1119 1119 137345 101792 114428 22917 22917 REFUND 900099 113 113 113 12013097 10306851 0 24149 X 515311 515311 10000 10000 1343553 806132 403066 134355 5011754 4331856 513951 165947 147647 129798 13512 4337 1000495 810461 143165 46869 486299 393932 69586 22781 9350 8883 280 187 45155 45155 1342111 1290004 31264 20843 10641 10641 287872 271127 10048 6697 81269 77310 2375 1584 66955 45569 12832 8554 63576 52933 6386 4257 455057 455057 92 54 38 52786 50147 1583 1056 9384 9384 STAFF MEALS AND EVENTS 79659 79659 MISCELLANEOUS 36739 33731 3008 PROFESSIONAL DEVELOPMEN 34245 34245 11089950 9338874 1296356 454720 159153 615596 304183 1046127 100108 106246 679976 152433 575089 527543 4036494 3513844 5175027 5809356 369741 233897 200000 200000 3272513 3119539 3842254 3553436 X 1332773 2255920 1332773 2255920 5175027 5809356 923147 0 X X 0 1 X 0 1 1 X 1677522 354229 996192 1853745 1682097 6563785 4495198 6225672 7909290 8793151 10306851 37730162 6172720 6579901 8905482 10646896 11988948 44293947 833970 152674 800000 471000 850000 3107644 0 833970 152674 800000 471000 850000 3107644 41186303 1681 784 245 197 1119 4026 1681 784 245 197 1119 4026 22917 22917 40432 11806 9347 726 8190 70501 6214833 6592491 8915074 10647819 12021174 44391391 0.92780 0.87150 0.00010 0.00010 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 11,790. 2021 AMOUNT: $ 11,796. 2022 AMOUNT: $ 9,347. 2024 AMOUNT: $ 8,077. REFUNDS - 2020 AMOUNT: $ 28,642. 2021 AMOUNT: $ 10. 2023 AMOUNT: $ 726. 2024 AMOUNT: $ 113. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 582451 95154 487297 34892 19833 15059 62633 37446 25187 527543 RIGHT OF USE OF ASSETS 2945127 SECURITY DEPOSIT 254692 DUE FROM AFFILIATES 314025 3513844 LEASE LIABILITY 3100542 DUE TO AFFILIATE 18997 3119539 X 12127525 114428 114428 12013097 0 12013097 11204378 114428 114428 11089950 0 11089950 PART X, LINE 2: PROSPECT RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT PROSPECT HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. PROSPECT IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED ON PART VIII 114,428. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED ON PART VIII 114,428. ANNUAL GALA 239137 101792 137345 87241 7750 19437 239137 101792 137345 87241 7750 19437 114428 22917 1 BROOKLYN PROSPECT CHARTER SCHOOL 397 BRIDGE STEET 9TH FLOOR BROOKLYN NY 11201 263206518 501(C)(3) 0 354904 PASS-THRU OF CSP GRANT - OPENING OF NEW SCHOOL (SYC) BROOKLYN PROSPECT CHARTER SCHOOL 397 BRIDGE STEET 9TH FLOOR BROOKLYN NY 11201 263206518 501(C)(3) 0 160407 PROSPECT SCHOOL ANNUAL FUND - GENERAL OPERATING EXPENSES 1 0 SCHOLARSHIP 3 10000 PART I, LINE 2: THE ORGANIZATION WAS ESTABLISHED TO RAISE FUNDS IN SUPPORT OF THE OPERATIONS OF BROOKLYN PROSPECT CHARTER SCHOOL. EACH YEAR, THE MONEY RAISED AS PART OF THE ORGANIZATION'S ANNUAL FUND IS DONATED TO BROOKLYN PROSPECT CHARTER SCHOOL TO BE SPENT ON GENERAL OPERATING EXPENSES OF THE SCHOOL. THE USE OF THE FUNDS IS MONITORED THROUGH THE CLOSE RELATIONSHIP BETWEEN THE ORGANIZATIONS. X X X X 1 0 0 0 0 0 0 1 0 TRESHA WARD CHIEF EXECUTIVE OFFICER 329706 0 0 0 0 0 13315 0 13712 0 356733 0 0 0 HILLARY PRINCE CHIEF FINANCIAL OFFICER 242034 0 0 0 0 0 9986 0 41976 0 293996 0 0 0 YEHONATAN SAMUEL-SIEGEL CHIEF OPERATING OFFICER 209969 0 0 0 0 0 22234 0 44735 0 276938 0 0 0 PAUL ASTUTO CHIEF OF STAFF 199616 0 0 0 0 0 23000 0 39296 0 261912 0 0 0 NOAH HELLMAN DEPUTY CHIEF OF SCHOOLS 138350 0 32148 0 0 0 7364 0 56707 0 234569 0 0 0 KECIA CLARK CHIEF ACADEMIC OFFICER 199969 0 10000 0 0 0 6834 0 11821 0 228624 0 0 0 SARAH ANN CANEY DEPUTY CHIEF OF SCHOOLS 190897 0 0 0 0 0 2281 0 19128 0 212306 0 0 0 STACY-ANN BRISSETT-ROSE DEPUTY CHIEF OF SCHOOLS 150151 0 7500 0 0 0 3221 0 22807 0 183679 0 0 0 TINA DASS DIRECTOR OF SCHOOL OPERATIONS 138040 0 2500 0 0 0 4374 0 25855 0 170769 0 0 0 PART I, LINE 4A LISA CHEN, FORMER CHIEF PEOPLE OFFICER, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $16,952.10 FOR FY25. PART I, LINE 7 THE ORGANIZATION AWARDED A DISCRETIONARY BONUS TO A PERSON LISTED ON PART VII OF THE 990, AND IS REPORTED IN PART II, COLUMN B(II). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT FOR APPROVAL. IF CHANGES ARE REQUIRED, MANAGEMENT WILL THEN FORWARD THESE CHANGES TO THE ACCOUNTING FIRM AND A FINAL VERSION WILL BE DISTRIBUTED TO THE BOARD MEMBERS AFTER SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY APPLICABLE TO TRUSTEES, OFFICERS, AND KEY PERSONS. UPON ELECTION OR APPOINTMENT, AND ON AN ANNUAL BASIS THEREAFTER, COVERED PERSONS MUST COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM AND MUST SIGN A STATEMENT, WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY. THE WRITTEN DISCLOSURE STATEMENTS ARE SUBMITTED TO AND REVIEWED BY THE CHAIRPERSON OF THE BOARD. IF A POTENTIAL CONFLICT ARISES BETWEEN ANNUAL UPDATES, THE PERSON INVOLVED HAS A DUTY TO PROMPTLY DISCLOSE ALL MATERIAL FACTS PERTAINING TO A POTENTIAL CONFLICT OF INTEREST. DETERMINATIONS REGARDING CONFLICT MATTERS ARE TO BE MADE BY THE BOARD OF TRUSTEES BY MAJORITY VOTE. AT THE TIME OF ANY DELIBERATION CONCERNING CONFLICTS OF INTEREST THE PERSON INVOLVED MUST NOT BE PRESENT, UNLESS ASKED TO PROVIDE ADDITIONAL INFORMATION, AND SUCH PERSON MAY NOT VOTE ON THE MATTER. THE EXISTENCE AND RESOLUTION OF ANY REPORTED CONFLICTS OF INTEREST ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE CHIEF EXECUTIVE OFFICER OF THE ORGANIZATION WAS BASED ON REVIEW OF COMPARABILITY DATA PROVIDED BY THE DEPARTMENT OF EDUCATION, INCLUDING SALARY SURVEYS. THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES REVIEWED, DETERMINED AND LAST APPROVED COMPENSATION IN 2024. THE DISCUSSIONS AND DELIBERATIONS WERE DOCUMENTED IN THE COMMITTEE MINUTES. FORM 990, PART VI, SECTION B, LINE 15B: COMPENSATION OF THE OTHER OFFICERS OF THE ORGANIZATION WAS BASED ON REVIEW OF COMPARABILITY DATA PROVIDED BY THE DEPARTMENT OF EDUCATION, INCLUDING SALARY SURVEYS. THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES REVIEWED, DETERMINED AND LAST APPROVED COMPENSATION IN 2024. THE DISCUSSIONS AND DELIBERATIONS WERE DOCUMENTED IN THE COMMITTEE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 25,322. MANAGEMENT AND GENERAL EXPENSES 778. FUNDRAISING EXPENSES 519. TOTAL EXPENSES 26,619. CONSULTANTS: PROGRAM SERVICE EXPENSES 780,416. MANAGEMENT AND GENERAL EXPENSES 30,486. FUNDRAISING EXPENSES 20,324. TOTAL EXPENSES 831,226. OTHER: PROGRAM SERVICE EXPENSES 484,266. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 484,266. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.