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FRIENDS OF NEW WORLD PREP INC
STATEN ISLAND, NY · EIN 832051523 · Form 990 · FY2024 · NTEE B11 · Education · Medium ($1M-$10M)
revenue
$1.5M
expenses
$1.4M
net assets
$14.4M
employees
0
volunteers
5
program ratio
87%
mission · from form 990

OUR MISSION IS TO SUPPORT THE EDUCATIONAL PURPOSES OF NEW WORLD PREPARATORY CHARTER SCHOOL BY ACQUIRING, LEASING, CONSTRUCTING, RENOVATING AND MAINTAINING REAL ESTATE AND OTHER FACILITIES FOR THE USE OF THE STUDENTS AND FACULTY OF NEW WORLD PREPARATORY CHARTER SCHOOL. AND BY UNDERTAKING OR FUNDING OTHER ACTIVITIES AND SERVICES THAT ENHANCE, AUGMENT AND COMPLEMENT NEW WORLD PREPARATORY CHARTER SCHOOL'S EDUCATIONAL PROGRAMS AND ACTIVITIES.

profile · synthesized from sources

FRIENDS OF NEW WORLD PREP INC supports the educational mission of New World Preparatory Charter School, a charter school in Staten Island, NY. The organization focuses on acquiring, leasing, constructing, and maintaining facilities for the school's students and faculty. It also funds or undertakes activities that enhance the school's educational programs.

named programs · 2 · from sources

What they call their work

Educational Program Support
Funds or undertakes activities that enhance, augment, and complement the educational programs and services of New World Preparatory Charter School.
Facilities Acquisition and Maintenance
Acquires, leases, constructs, renovates, and maintains real estate and facilities for use by New World Preparatory Charter School.
activities · 2 groups

What they do

  • Charter School Facilities Support 1 activity
    • Acquiring, leasing, constructing, renovating, and maintaining school facilities
      Supports New World Preparatory Charter School by managing real estate and facilities for student and faculty use, including acquisition, leasing, construction, renovation, and maintenance.
  • Private K–12 School Support 1 activity
    • Funding or delivering supplemental educational programs and services
      Provides funding or directly undertakes activities and services that enhance, augment, and complement the educational programs and activities of New World Preparatory Charter School.
financials · form 990 · fy2024
revenue
Total revenue$1.45M
Contributions & grants$25K2%
Program service revenue$1.15M79%
Investment income$278K19%
Other revenue$0
expenses
Total expenses$1.37M
Program expenses87%
Admin / overhead6%
Fundraising8%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$78.30M
Cash$184K
Investments$0
Liabilities$63.87M
Net assets$14.44M
Liquid reserves1.6 mo
6 years on record · 2019–2024 · YoY revenue -35.4%
leadership · form 990 part vii · fy2024

Who runs it

board members · 5
  • ANGELO APONTE — Treasurer
  • COLLEEN SORRENTINO — BOARD PRESIDENT
  • HENRY SALMON — Trustee
  • LARRY MIRALDI — Vice President
  • TERRY TROIA — Secretary
relationships · 1

Who they work with

  • New World Preparatory Charter School Partner — Primary beneficiary of facilities and program support; the organization exists to support this school's educational mission.