Prestige Academy Inc

Address
1121 Thatcher St
Wilmington, DE 19802
Contact
Website: http://prestigeacademycs.org
Phone: +1 (302) 762-3240
Nonprofit
NTEE: B24 - Primary, Elementary Schools
EIN: 20-8285385

Mission

Prestige Academy prepares young
 20162015201420132012
Basic features of the organization
Year of formation2006
Subsection code03
PF filing required0    
Metropolitan statistical area6162
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$102,000.00$100,245.00$100,246.00$95,929.00$101,243.00
Sum of reportable (W2/1099) compensation$102,000.00$100,265.00$100,246.00$95,929.00$94,048.00
Number of employees0004033
Number of people compensated >$100k111  
Number of volunteers510101010
Personnel
Balick, Dana
TitleBoard MemberBoard MemberBoard MemberBoard MemberBoard Member
Name of key/compensated personDANA BALICKDANA BALICKDANA BALICKDANA BALICKDANA BALICK
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officer    True
Average hours per week working for org1.001.001.001.003.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Bratcher, Melissa
TitleBoard MemberBoard Member   
Name of key/compensated personMELISSA BRATCHERMELISSA BRATCHER   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Davidson, Dekkers
Title    Board Member
Name of key/compensated person    DEKKERS DAVIDSON
Position of compensated person
Current individual trustee or director    True
Current officer    True
Average hours per week working for org    3.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Greenlea, Cordie
TitleExecutive Director    
Name of key/compensated personCORDIE GREENLEA    
Position of compensated person
Current individual trustee or directorTrue    
Current officerTrue    
Average hours per week working for org40.00    
Reportable compensation from org$102,000.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Haskins, Tarik
TitleBoard MemberBoard MemberBoard MemeberBoard MemeberBoard Member
Name of key/compensated personTARIK HASKINSTARIK HASKINSTARIK HASKINSTARIK HASKINSTARIK HASKINS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officer    True
Average hours per week working for org1.001.001.001.003.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Hill, Tony
TitleSecretarySecretaryBoard MemberBoard MemberBoard Member
Name of key/compensated personTONY HILLTONY HILLTONY HILLTONY HILLTONY HILL
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officer    True
Average hours per week working for org3.003.001.001.003.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Jackson, Tanya
Title  Board MemberBoard Member 
Name of key/compensated person  TANYA JACKSONTANYA JACKSON 
Position of compensated person
Current individual trustee or director  TrueTrue 
Average hours per week working for org  1.001.00 
Reportable compensation from org  $0.00$0.00 
Other comp, non-reportable, from org and related orgs  $0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Jackson, Tonya
Title    Board Member
Name of key/compensated person    TONYA JACKSON
Position of compensated person
Current individual trustee or director    True
Current officer    True
Average hours per week working for org    3.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Madden, Charles
TitleBoard MemberBoard MemberBoard Member  
Name of key/compensated personCHARLES MADDENCHARLES MADDENCHARLES MADDEN  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Mell, Don
TitleBoard ChairBoard ChairBoard ChairBoard ChairBoard Chair
Name of key/compensated personDON MELLDON MELLDON MELLDON MELLDON MELL
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org3.003.003.003.003.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Merriweather, Rodney
TitleTreasurerTreasurerTreasurerTreasurerTreasurer
Name of key/compensated personRODNEY MERRIWEATHERRODNEY MERRIWEATHERRODNEY MERRIWEATHERRODNEY MERRIWEATHERRODNEY MERRIWEATHER
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org3.003.003.003.003.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Mosely, Eric
TitleBoard MemberBoard MemberBoard Member  
Name of key/compensated personERIC MOSELYERIC MOSELYERIC MOSELY  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Ortega, Vladimar
Title   Board Member 
Name of key/compensated person   VLADIMAR ORTEGA 
Position of compensated person
Current individual trustee or director   True 
Average hours per week working for org   1.00 
Reportable compensation from org   $0.00 
Other comp, non-reportable, from org and related orgs   $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00 
Ortego, Vladimer
Title    Board Member
Name of key/compensated person    VLADIMER ORTEGO
Position of compensated person
Current individual trustee or director    True
Current officer    True
Average hours per week working for org    3.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Perry, Jack
Title Executive DirectorExecutive DirectorExecutive DirectorExecutive Director
Name of key/compensated person JACK PERRYJACK PERRYJACK PERRYJACK PERRY
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Current officer TrueTrueTrue 
Average hours per week working for org 40.0040.0040.0040.00
Reportable compensation from org $100,265.00$100,246.00$95,929.00$94,048.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Ritterbeck, Robert
TitleBoard MemberBoard MemberBoard MemberBoard MemberBoard Member
Name of key/compensated personROBERT RITTERBECKROBERT RITTERBECKROBERT RITTERBECKROBERT RITTERBECKROBERT RITTERBECK
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officer    True
Average hours per week working for org1.001.001.001.003.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Troiano, David
Title   Board Member 
Name of key/compensated person   DAVID TROIANO 
Position of compensated person
Current individual trustee or director   True 
Average hours per week working for org   1.00 
Reportable compensation from org   $0.00 
Other comp, non-reportable, from org and related orgs   $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00 
Vasta, Rita
TitleVice ChairVice ChairVice ChairVice ChairVice Chair
Name of key/compensated personRITA VASTARITA VASTARITA VASTARITA VASTARITA VASTA
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org3.003.003.003.003.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
West, Fred
TitleBoard MemberBoard Member   
Name of key/compensated personFRED WESTFRED WEST   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Purpose: mission, activities, & accomplishments
Mission or significant activitiesPrestige Academy prepares young men in grades 6-8 for admission to and success in demanding college preparatory high schools.Prestige Academy prepares young men in grades 5-8 for admission to and success in demanding college preparatory high schools.Prestige Academy prepares young men in grades 5-8 for admission to and success in demanding college preparatory high schools.Prestige Academy prepares young men in grades 5-8 for admission to and success in demanding college preparatory high schools.Prestige Academy prepares young men in grades 5-8 for admission to and success in demanding college preparatory high schools.
Program service expenses, total$3,665,667.00$3,332,249.00$4,023,010.00$3,798,073.00$3,365,408.00
Programs, including revenue & expenses
INSTRUCTIONAL SERVICES-IN A HIGHLY STRUCTURED, ACHIEVEMENT-ORIENTED SCHOOL CULTURE, PRESTIGE ACADEMY STUDENTS DEVELOP A STRONG ACADEMIC FOUNDATION IN THE CORE SUBJECTS AND THE REAL VALUES NECESSARY FOR SUCCESS: RESPECT AND RESPONSIBILITY, EXCELLENCE IN BEHAVIOR, ACADEMIC MASTERY, AND LEADERSHIP.
Program expenses$3,510,805.00$3,159,167.00$3,830,442.00$3,549,031.00$3,109,309.00
Program revenue$3,312,066.00$3,278,096.00$3,650,367.00$4,074,542.00$3,625,397.00
Program descriptionINSTRUCTIONAL SERVICES-IN A HIGHLY STRUCTURED, ACHIEVEMENT-ORIENTED SCHOOL CULTURE, PRESTIGE ACADEMY STUDENTS DEVELOP A STRONG ACADEMIC FOUNDATION IN THE CORE SUBJECTS AND THE REAL VALUES NECESSARY FOR SUCCESS: RESPECT AND RESPONSIBILITY, EXCELLENCE IN BEHAVIOR, ACADEMIC MASTERY, AND LEADERSHIP.INSTRUCTIONAL SERVICES-IN A HIGHLY STRUCTURED, ACHIEVEMENT-ORIENTED SCHOOL CULTURE, PRESTIGE ACADEMY STUDENTS DEVELOP A STRONG ACADEMIC FOUNDATION IN THE CORE SUBJECTS AND THE REAL VALUES NECESSARY FOR SUCCESS: RESPECT AND RESPONSIBILITY, EXCELLENCE IN BEHAVIOR, ACADEMIC MASTERY, AND LEADERSHIP. PRESTIGE ACADEMY IS A START UP CHARTER SCHOOL THAT HAS ENROLLED 299 FIFTH,SIXTH,SEVENTH & EIGTH GRADERS.INSTRUCTIONAL SERVICES-IN A HIGHLY STRUCTURED, ACHIEVEMENT-ORIENTED SCHOOL CULTURE, PRESTIGE ACADEMY STUDENTS DEVELOP A STRONG ACADEMIC FOUNDATION IN THE CORE SUBJECTS AND THE REAL VALUES NECESSARY FOR SUCCESS: RESPECT AND RESPONSIBILITY, EXCELLENCE IN BEHAVIOR, ACADEMIC MASTERY, AND LEADERSHIP. PRESTIGE ACADEMY IS A START UP CHARTER SCHOOL THAT HAS ENROLLED 299 FIFTH,SIXTH,SEVENTH & EIGTH GRADERS.INSTRUCTIONAL SERVICES-IN A HIGHLY STRUCTURED, ACHIEVEMENT-ORIENTED SCHOOL CULTURE, PRESTIGE ACADEMY STUDENTS DEVELOP A STRONG ACADEMIC FOUNDATION IN THE CORE SUBJECTS AND THE REAL VALUES NECESSARY FOR SUCCESS: RESPECT AND RESPONSIBILITY, EXCELLENCE IN BEHAVIOR, ACADEMIC MASTERY, AND LEADERSHIP. PRESTIGE ACADEMY IS A START UP CHARTER SCHOOL THAT HAS ENROLLED 299 FIFTH,SIXTH,SEVENTH & EIGTH GRADERS.INSTRUCTIONAL SERVICES-IN A HIGHLY STRUCTURED, ACHIEVEMENT-ORIENTED SCHOOL CULTURE, PRESTIGE ACADEMY STUDENTS DEVELOP A STRONG ACADEMIC FOUNDATION IN THE CORE SUBJECTS AND THE REAL VALUES NECESSARY FOR SUCCESS: RESPECT AND RESPONSIBILITY, EXCELLENCE IN BEHAVIOR, ACADEMIC MASTERY, AND LEADERSHIP. PRESTIGE ACADEMY IS A START UP CHARTER SCHOOL THAT HAS ENROLLED 300 FIFTH,SIXTH,SEVENTH & EIGTH GRADERS.
LUNCH NUTRITION PROGRAM-ADMINISTER NUTRITIONALLY BALANCED,LOW COST OR FREE BREAKFAST AND LUNCHES TO ENROLLED STUDENTS.
Program expenses$154,862.00$173,082.00$192,568.00$249,042.00$256,099.00
Program revenue$136,400.00$159,428.00$213,268.00$165,602.00$260,190.00
Program descriptionLUNCH NUTRITION PROGRAM-ADMINISTER NUTRITIONALLY BALANCED,LOW COST OR FREE BREAKFAST AND LUNCHES TO ENROLLED STUDENTS.LUNCH NUTRITION PROGRAM-ADMINISTER NUTRITIONALLY BALANCED,LOW COST OR FREE BREAKFAST AND LUNCHES TO 299 ENROLLED STUDENTS.LUNCH NUTRITION PROGRAM-ADMINISTER NUTRITIONALLY BALANCED,LOW COST OR FREE BREAKFAST AND LUNCHES TO 299 ENROLLED STUDENTS.LUNCH NUTRITION PROGRAM-ADMINISTER NUTRITIONALLY BALANCED,LOW COST OR FREE BREAKFAST AND LUNCHES TO 299 ENROLLED STUDENTS.LUNCH NUTRITION PROGRAM-ADMINISTER NUTRITIONALLY BALANCED,LOW COST OR FREE BREAKFAST AND LUNCHES TO 243 ENROLLED STUDENTS.
Financial data
Revenue
Total revenue$3,448,466.00$3,437,524.00$3,863,483.00$4,240,144.00$3,885,587.00
Revenue from contributions (total)$3,421,218.00$3,405,362.00$3,835,714.00$4,185,312.00$3,842,728.00
Investment income, current yr$854.00$1,312.00$2,131.00$2,826.00$2,970.00
Total revenue from grants, etc., current yr$3,421,218.00$3,405,362.00$3,835,714.00$4,185,312.00$3,842,728.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$26,394.00$30,850.00$25,488.00$51,450.00$39,541.00
Program service revenue (total)$0.00 $150.00$556.00$348.00
Gross receipts$3,448,466.00$3,437,524.00$3,863,483.00$4,240,144.00$3,885,587.00
Sources of contributions
Revenue from fundraising events$22,916.00    
Revenue from gov't grants$3,290,017.00$3,058,331.00$3,747,883.00$3,687,114.00$3,842,728.00
Revenue from all other contributions$108,285.00$347,031.00$87,831.00$498,198.00 
Other types of revenue
Miscellaneous revenue (total)$26,394.00$30,850.00$25,488.00$51,450.00$39,541.00
Income from dividends, interest, and similar investments$854.00$1,312.00$2,131.00$2,826.00$2,970.00
Net rental income$0.00 $0.00$0.00 
Expense categories (totals)
Total functional expenses: sum of all$3,858,599.00$3,507,629.00$4,075,626.00$3,933,256.00$3,528,457.00
Total functional expenses: program service $3,665,667.00$3,332,249.00$4,023,010.00$3,798,073.00$3,365,408.00
Total functional expenses: management and general$192,932.00$175,380.00$49,562.00$112,839.00$136,507.00
Total functional expenses: fundraising$0.00$0.00$3,054.00$22,344.00$26,542.00
Fees for services
Legal fees (total)  $3,483.00$2,359.00$2,032.00
Fundraising service fees (total)$0.00$0.00$0.00$1,500.00$0.00
Assets and liabilities
Total assets$3,027,239.00$3,368,662.00$3,534,936.00$3,872,415.00$3,592,086.00
Total assets, beginning of year$3,368,662.00$3,717,408.00$3,872,415.00$3,592,086.00$3,152,402.00
Total liabilities$3,929,325.00$3,860,615.00$3,178,795.00$3,304,131.00$3,294,048.00
Total liabilities, beginning of year$3,860,615.00$4,139,256.00$3,304,131.00$3,294,048.00$3,211,494.00
Unrestricted net assets, end of yr-$1,024,062.00-$636,656.00$140,954.00$285,100.00$152,727.00
Temporarily restricted net assets$121,976.00$144,703.00$215,187.00$283,184.00$145,311.00
Net assets-$902,086.00-$491,953.00$356,141.00$568,284.00$298,038.00
Net assets, beginning of year-$491,953.00-$421,848.00$568,284.00$298,038.00-$59,092.00
Other liabilities$787,653.00$730,318.00   
Other assets$172,407.00$159,151.00$8,145.00$7,894.00$7,894.00
Cash: non-interest bearing$281,304.00$550,144.00$756,532.00$1,032,567.00$508,319.00
Cash: non-interest bearing, beginning of year$550,144.00$756,532.00$1,032,567.00$508,319.00$187,369.00
Other financial variables
Revenue less expenses-$410,133.00-$70,105.00-$212,143.00$306,888.00$357,130.00
Advertising (total)  $35,388.00$14,835.00$3,146.00
Accounts receivable, net$22,720.00$21,112.00$53,386.00$35,437.00$147,765.00
Prepaid expenses & deferred charges    $4,000.00
Accounts payable & accrued expenses$324,378.00$253,566.00$244,883.00$310,820.00$248,005.00
Secured mortgages and notes payable$2,817,294.00$2,876,731.00$2,933,912.00$2,993,311.00$3,046,043.00
Total net assets or fund balances-$902,086.00-$491,953.00$356,141.00$568,284.00$298,038.00
Depreciation, depletion, amortization$78,617.00$78,617.00$79,644.00$98,538.00$89,074.00
Governance and accountability
Number of voting members88111110
Number of independent voting members88111110
Financial sheets auditedTrueTrueTrueTrueTrue
Audit on consolidated basisTrueTrueTrueTrue 
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2015-07-012014-07-012013-07-012012-07-012011-07-01
Tax year end date2016-06-012015-06-012014-06-012013-06-012012-06-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2017-03-302016-01-202015-03-062013-12-132013-03-11
IRS schema version2015v2.12014v5.02013v4.02012v2.02011v1.2
Filing identifier201613209349307126201513179349308321201500479349302090201303169349300965201310439349300146
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