Eg Prep Education Inc
Nonprofit profile at a glance
- EIN
- 923330234
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024
- Location
- Staten Island, NY, USA
- Phone
- 7189276770
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $200,407
- Expenses
- $170,629
- Assets
- $82,682
- Liabilities
- $60,516
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Highest reported compensation
- EFRAT LAMANDRE (EXECUTIVE DI): $6,321 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Eg prep training is dedicated to empowering nurse practitioner (np) students with the knowledge, skills, and clinical confidence necessaty to excel in their healthcare careers. Our mission is to provide comprehensive educational resources, workshops, and virtual learning experiences that bridge the gap between classroom learning and real-world patient care. We are committed to fostering a community of competent and compassionate nps who positively impact healthcare outcomes. Additionally, we use our program to help level the playing field for np students who may not have had the same opportunities, ensuring equal access to quality education and clinical training.
What it reported doing in 2024
Academic institurion: eg prep provides educational programs designed to empower nurse practitioner (np) students by building clinical confidence and bridging the transition from student to professional practice. Its services include video lectures, competency-based learning modules, and a supportive digital community where students can interact, ask questions, and enhance their clinical skills. The program emphasizes lifelong learning and supports underserved students through partnerships with universities and np organizations, ensuring alignment with the organization's mission to address the national care shortage by shaping the next generation of nps.
Operating model
- Revenue model
- Earned-program. 91% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% 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.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 90
- Accountability: 63
- Sustainability: 44
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.6%; rating input score 85
- Program expense ratio: 99.4%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 8 controls in place; rating input score 12
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 14.9%; rating input score 67; 67th percentile among comparable filings
- Total-asset coverage ratio: 0.48; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: 0.73; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 3.7%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: 67.8% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 82.6% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 122.1% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 84.6% of revenue deployed · 99.4% of spending went to programs
- Governance: 3 of 3 board members independent · 1 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $170K in reported program spending
- Leadership: top reported pay $6K · 3 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Accountability: Governance controls: 6 of 7 not reported.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.