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FRIENDS OF VALENCE PREP INC
QUEENS, NY · EIN 853616971 · Form 990 · FY2024 · NTEE B02 · Education · Medium ($1M-$10M)
revenue
$3.3M
expenses
$3.6M
net assets
$407K
employees
0
volunteers
3
program ratio
99%
mission · from form 990

THE ORGANIZATION WAS ESTABLISHED TO PROVIDE FINANCIAL AND TECHNICAL SUPPORT TO, AND FURTHER THE EDUCATIONAL AND CHARITABLE PURPOSES OF VALENCE COLLEGE PREP CHARTER SCHOOL IN THE STATE OF NEW YORK

profile · synthesized from sources

FRIENDS OF VALENCE PREP INC is a nonprofit organization established to provide financial and technical support to Valence College Prep Charter School in New York. Its primary purpose is to further the educational and charitable goals of the charter school. The organization operates as a supporting entity focused on enhancing educational outcomes for students.

named programs · 1 · from sources

What they call their work

Financial and Technical Support for Valence College Prep
Provides funding and operational assistance to Valence College Prep Charter School to further its educational mission
activities · 1 group

What they do

  • Charter School Facilities Support 1 activity
    • Providing financial and technical support to Valence College Prep Charter School
      Provides financial and technical support to Valence College Prep Charter School to advance its educational and charitable objectives. This includes ongoing operational assistance aligned with the school's mission.
financials · form 990 · fy2024
revenue
Total revenue$3.28M
Contributions & grants$00%
Program service revenue$3.28M100%
Investment income$00%
Other revenue$0
expenses
Total expenses$3.56M
Program expenses99%
Admin / overhead1%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$45.74M
Cash$211K
Investments$0
Liabilities$45.33M
Net assets$407K
Liquid reserves0.7 mo
4 years on record · 2021–2024 · YoY revenue -4.5%
leadership · form 990 part vii · fy2024

Who runs it

board members · 3
  • ANGELA GUERRERO — SECRETARY
  • BESK PRYOR — TREASURER
  • LUKE DEGROSSI — CHAIR
relationships · 1

Who they work with

  • VALENCE COLLEGE PREP CHARTER SCHOOL Partner — Primary beneficiary of financial and technical support from FRIENDS OF VALENCE PREP INC.
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Direct Support Model
    methodology: direct-support model
    By providing financial and technical resources directly to a charter school, we enable its operations and charitable mission, thereby supporting educational outcomes because sustained institutional capacity leads to improved student services and programming.