Bay Ridge Preparatory School
Nonprofit profile at a glance
- EIN
- 113444169
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Brooklyn, NY, USA
- Phone
- 7188338650
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
Reported finances
- Revenue
- $24,855,803
- Expenses
- $22,745,400
- Assets
- $61,114,301
- Liabilities
- $42,465,622
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Highest reported compensation
- CHARLES FASANO (HEAD OF SCHOOL): $509,039 total reported compensation
- SABINA CLIFFORD (BUSINESS MANAGER): $246,871 total reported compensation
- JOHN KUGLER (DIR. BRIDGE PROGRAM- UPPER): $221,281 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Bay ridge preparatory school is an independent, coeducational k-12 day school dedicated to fostering intellectual curiosity, creativity, critical thinking, and emotional intelligence in an inclusive, student-centered learning environment. The school provides a comprehensive academic program complemented by athletics, visual and performing arts, extracurricular activities, and leadership opportunities that support the unique talents and interests of each student. Students develop self-awareness, empathy, responsible decision-making, and the skills necessary for success in college, careers, and life. During the 2024-2025 school year, the school provided educational instruction and related services to approximately 373 students.
What it reported doing in 2024
Educational instruction for 373 students. Programs include a full array of academic, athletic, arts and extra-curricular student activities.
Operating model
- Revenue model
- Earned-program. 80% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 94% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 95
- Accountability: 90
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.6%; rating input score 77
- Program expense ratio: 86.7%; rating input score 87
- Fundraising efficiency: $3 raised per $1 spent on fundraising; rating input score 11; 11th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 6 of 6 controls in place; rating input score 100
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 90%; rating input score 90; 22nd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 8.5%; rating input score 64; 64th percentile among comparable filings
- Total-asset coverage ratio: 2.69; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: 0.69; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 7.1%; rating input score 35; 35th percentile among comparable filings
Growth
- Program expense growth: 6.2% per year; rating input score 100; 51st percentile among comparable filings
- Revenue growth: 6.4% per year; rating input score 100; 55th percentile among comparable filings
- Asset growth: 13.8% per year; rating input score 100; 78th percentile among comparable filings
Details
- Where the money goes: 76.6% of revenue deployed · 86.7% of spending went to programs
- Governance: 9 of 10 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $19.7M in reported program spending
- Leadership: top reported pay $509K · 15 people listed · 6 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $9.9M reported
- Consistency: 31 of 31 current checks pass
- Schedules: 10 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 11/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 18/100.
- Moderate — Sustainability: Officer compensation ratio scored 35/100.