Educational Institutions

Prep for Prep

  • New York, NY
  • http://www.prepforprep.org

Mission Statement

Prep for Prep is a long-term investment strategy to develop the leadership potential of able young people from segments of society grossly under-represented in the leadership pool from which all of our major institutions draw.  By expanding the nation's leadership resources, we aim to impact indirectly on a set of inter-related problems that threaten to rend our society.  The Prep Community includes over 4,500 students and alumni.

Main Programs

  1. Prep for Prep Academic, Leadership Development, Counseling, Undergraduate and Alumni Affairs.
  2. Smart Connections
Service Areas

Self-reported

New York

Prep students are drawn primarily from more than 500 public schools across New York City as well as from neighborhoods outside the five boroughs served by mass transit including western Long Island, southern Westchester, and northern New Jersey.

ruling year

1968

Principal Officer

Self-reported

Ms. Aileen Hefferren

Co Principal Officer

Self-reported

Ms. Bridget Johnson

Keywords

Self-reported

education, minorities, New York, independent schools, children, gifted, leadership development.

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EIN

13-2613383

 Number

4938275670

Contact

Cause Area (NTEE Code)

Elementary, Secondary Ed (B20)

Youth Development Programs (O50)

Educational Services and Schools - Other (B90)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

Prep assesses itself through tangible, quantitative measures, including: the number of applicants tested for admission during Prep's citywide Talent Search; the number of students who complete the Preparatory Component; the number of students earning places at independent day and boarding schools; the number of students enrolled at colleges and universities; high school graduation, college matriculation, and college graduation rates; and Annual Alumni Giving Campaign participation rates.

- Approximately 75% of an admitted cohort of students completes the 14-month Preparatory Component annually. These students earn places at more than 50 independent day and boarding schools, which together commit about $30 million annually in financial aid to Prep students.

- Overall, 91% of Prep's 2,694 college graduates have earned their degrees from the most competitive colleges in the country; 35% have graduated from Ivy League schools.

- We count 272 JDs, 182 MBAs, 114 PhDs, and 113 MDs among our alumni. 15 Fulbright Scholarship recipients, four Gates Scholars, two Marshall Scholarship recipients, two Rhodes Scholars, two Rockefeller Fellows, two Truman Scholars, one White House Fellow, and one Presidential Scholar.

- For the Twentieth Annual Alumni Giving Campaign in Fiscal Year 2015, 42% of all Prep college graduates contributed (compared to the 10% national average for alumni giving according to the National Association of Independent Schools).

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Prep for Prep Academic, Leadership Development, Counseling, Undergraduate and Alumni Affairs.

Prep’s comprehensive program
begins with an aggressive, citywide admissions effort (the “Talent Search”) in
which more than 6,000 nominated students compete annually for approximately 225
places.  Admitted students complete a
rigorous, 14-month academic “boot camp” spanning two summers and the
intervening school year (the “Preparatory Component”).  Following the second summer, Prep students
earn places at leading New York City independent day schools and Northeast
boarding schools.  Some of the many resources and
services Prep provides students through high school graduation include monthly
counseling meetings, weekly social and cultural activities, college guidance,
leadership training, and a variety of summer opportunities to develop
leadership and professional skills (“Counseling” and “Leadership Development
Opportunities”).  These services aim to
broaden students’ aspirations, increase their sense of life’s possibilities,
and build a stronger sense of self. 
Finally, Prep college undergraduates and graduates have access to
counseling and a broad range of professional advancement, leadership
development, and social and professional networking opportunities
(“Undergraduate Affairs” and “Alumni Affairs”).

Category

Education

Population(s) Served

Ethnic/Racial Minorities -- General

Budget

$6,853,834.00

Program 2

Smart Connections

To share Prep's long history of success, we created a specific initiative to aid organizations with similar goals. Smart Connections is a networking initiative developed by Prep for Prep to facilitate the interaction between Prep-like programs in order to share best practices and impact a greater number of young people. Through proactive networking and outreach, Prep has been able to increase its reach to over 298 organizations and social entrepreneurs who have benefited from the organization’s expertise. Eighteen of these organizations in the U.S. and international cities are expressly modeled on Prep.

Category

Education

Population(s) Served

General Public/Unspecified

Budget

$109,747.00

Charting Impact

Self-reported by organization

Five powerful questions that require reflection about what really matters - results.

  1. What is the organization aiming to accomplish?
    Prep for Prep's seeks to:
    • Identify through a rigorous admissions process spanning the five boroughs and greater New York City-area approximately 200 of the most able students of color for acceptance into Prep for Prep and PREP 9.
    • Have approximately 75% of the students admitted to a Prep for Prep or PREP 9 contingent complete the Preparatory Component and be placed in independent school at the end of the 14-month program.
    • Place 100% of this group into independent school.
    • Prepare Prep students to enter independent school in the seventh grade/boarding school in the ninth grade and succeed at these schools.
    • Ensure 90% of Prep high school seniors will be accepted to colleges characterized as “most competitive" or “highly competitive" by Barron's annual Profiles of American Colleges.
    • Enable Prep high school and college students explore different career pathways through high-quality, paid internships across a wide range of industries and provide adequate professional development guidance so that 90% of Prep interns will receive positive reviews on their performance.
    • Strengthen the alumni body's bond with the Prep Community. For the Twentieth Annual Alumni Giving Campaign in Fiscal Year 2015, 42% of all Prep college graduates contributed (compared to the 10% national average for alumni giving according to the National Association of Independent Schools).
  2. What are the organization's key strategies for making this happen?
    Prep's goals are achieved by the following program strategies:

    • Offer approximately 200 students each year an intensive 14-month academic curriculum, the “Preparatory Component," taught by highly qualified faculty drawn from leading independent and public schools. This academic program includes courses such as History, Research Skills, Literature, Writing Skills, Laboratory Science, Mathematics, and Latin.

    • Offer to all students in the Preparatory Component assistance with applying to independent schools including:
    o Individual assistance with applications and financial aid forms for independent schools.
    o Organizing trips to visit independent day and boarding schools.
    o Organizing individual presentations by admissions officers of independent schools.
    o Organizing Post-Placement Counseling activities such as trips to museums and sports games to further foster a sense of Prep community after school placement.

    • Offer a variety of Leadership Development Opportunities to broaden each student's aspirations, increase his/her awareness of life's possibilities, and build a stronger sense of self. These opportunities include:
    o Leadership development retreats/curriculum (Aspects of Leadership)
    o Travel Abroad (U.S. Experiment in International Living)
    o Public Policy Internships

    • Offer college guidance services to all of Prep's high school juniors and seniors (approximately 300 students). These services include:
    o College Information Meetings
    o Individual Planning Meetings
    o College trips
    o Financial Aid Counseling

    • Offer summer career workshops and internships, including:
    o Summer Jobs Bank (approximately 175 students/summer)
    o Career Paths Plus (approximately 50 student/summer)
    o Professional Skills Workshops
    o Career seminars

    • Strengthen and nurture the achievements and contributions to society of our 2500+ college graduates, while keeping them active in the Prep Community by offering:
    o Networking events
    o Reunions, socials, and a monthly newsletter
    o Access to an interactive community website

    • Offer Undergraduate Affairs services to all of Prep's undergraduates (approximately 750 students), including:
    o Introduction to Undergraduate Affairs seminar (required for all ascending college freshmen, or approximately 150 students/summer)
    o Undergraduate Affairs Nights (25-50 students every school semester)
    o Counseling
    o Targeted student-on-leave Counseling
    o Financial Aid Counseling
  3. What are the organization's capabilities for doing this?
    For over 35 years, Prep for Prep has successfully fulfilled its mission while keeping administrative costs at a minimum. Our cost to raise a dollar remains a low 10 cents, and 82% of our budget is devoted directly to program expenses.

    Prep's funds come from a variety of sources:
    • Prep's Board of Trustees has a long history of commitment. Through their own personal generosity and that of their companies, Trustees typically fund half of the organization's operating budget annually. In addition, our Trustees are active fundraisers on Prep's behalf who raise more than 40% of our budget not covered by their own generosity. Moreover, they work hard to secure professional advancement and other opportunities for our students. Trustees serve on and chair multiple committees and task forces that meet regularly in person or by conference call and report on their work to the full Board at meetings. We consider ourselves very fortunate to have such a generous and hard-working Board.

    • Foundation and corporate support is secured through our efforts to maintain and increase grant awards from our roster of current funders and to identify new foundation and corporate prospects.

    • The Lilac Ball is Prep's signature annual benefit, which each year brings together more than 1,000 supporters, staff, and students to celebrate the academic achievements of Prep's graduating high school seniors. The 2015 Lilac Ball on June 8th honored longtime Prep Trustees Rick Reiss and his wife Bonnie Reiss and Anita Volz Wein and her husband Byron Wein.

    • The success of Prep's Annual Alumni Giving Campaign is a testament to the commitment of our alumni to the program and their unwavering loyalty. For the Twentieth Annual Alumni Giving Campaign in Fiscal Year 2015, 42% of all Prep college graduates contributed (compared to the 10% national average for alumni giving according to the National Association of Independent Schools).
  4. How will they know if they are making progress?
    Prep continually assesses itself through tangible, quantitative measures, including:
    - The number of applicants tested for admission during Prep's citywide Talent Search
    - The number of students who successfully complete the Preparatory Component; the number of students earning places at independent day and boarding schools
    - The number of students enrolled at independent day and boarding schools; the number of students enrolled at colleges and universities
    - The high school graduation, college matriculation, and college graduation rates
    - The internship performance evaluations
    - The Annual Alumni Giving Campaign participation rates.

    Prep's Board and staff continually evaluate program performance by examining how different elements of the Prep's strategy contribute to its mission.
  5. What have and haven't they accomplished so far?
    Prep's program is cyclical. We have successfully completed all of the measures necessary as of Fiscal Year 2015 (July 1, 2014 - June 30, 2015).

    - Each year, approximately 75% of an admitted cohort of students (a Prep “Contingent") completes the 14-month Preparatory Component. These students earn places at more than 50 independent day and boarding schools, which together commit approximately $30 million annually in financial aid to Prep students. A total of 97 students from Prep for Prep Contingent 37 and 58 students in Prep 9's Contingent 28 matriculated to independent boarding schools in Fall 2015.

    - Overall, 91% of Prep's 2,694 college graduates have earned their degrees from the most competitive colleges in the country; 35% have graduated from Ivy League schools. Over 90% of the graduating senior Class of 2015 enrolled in a Barron's-ranked Most or Highly Competitive college this fall, with almost one third of the class matriculating in an Ivy League school. Wesleyan is the leading college choice, with 10 students enrolled from this year's class, followed by Cornell (8), Columbia (6), Harvard (6), Princeton (6), Penn (5), and NYU (5).

    - Among Prep alumni who have completed or are pursuing graduate degrees, we count 272 JDs, 182 MBAs, 114 PhDs, and 113 MDs. In addition, the Prep alumni body boasts 15 Fulbright Scholarship recipients, four Gates Scholars, two Marshall Scholarship recipients, two Rhodes Scholars, two Rockefeller Fellows, two Truman Scholars, one White House Fellow, and one Presidential Scholar.

    - In summer 2015, Prep's Professional Advancement unit placed 337 students in summer internships at 171 participating companies.

    - This summer, 14 rising Prep eleventh and twelfth graders and college freshmen participated in Prep's Public Policy Internships Project. Students interned at organizations such as the Office of New York State Assembly Member Keith Wright and the Office of Manhattan Borough President Gale Brewer. In addition to their internships, students conducted research projects on public policy topics and presented their findings at NYU.

    - The success of Prep's Annual Alumni Giving Campaign is a testament to the commitment of our alumni to the program and their unwavering loyalty. For the Twentieth Annual Alumni Giving Campaign in Fiscal Year 2015, 42% of all Prep college graduates contributed (compared to the 10% national average for alumni giving according to the National Association of Independent Schools).
Service Areas

Self-reported

New York

Prep students are drawn primarily from more than 500 public schools across New York City as well as from neighborhoods outside the five boroughs served by mass transit including western Long Island, southern Westchester, and northern New Jersey.

Social Media

Funding Needs

Since we charge no tuition and do not receive government funding, Prep must raise its operating budget of approximately $9.8 million from private sources each year.

External Reviews

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

PREP FOR PREP
Fiscal year: Jul 01-Jun 30
Yes, financials were audited by an independent accountant.

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Operations

The people, governance practices, and partners that make the organization tick.

Prep for Prep

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2015, 2014 and 2014
  • Board Chair and Board Members
  • Access to the GuideStar Community
Need the ability to download nonprofit data and more advanced search options? Consider a Premium or Pro Search subscription.

Principal Officer

Ms. Aileen Hefferren

Co Principal Officer

Ms. Bridget Johnson

BIO

Aileen Hefferren became the Chief Executive of Prep for Prep on January 1, 2002. She joined the organization in 1992, serving as the Director of Operations for almost two years, Director of Development for nearly six years, and as Development Consultant for another year. During her hiatus from Prep for Prep, Ms. Hefferren was the Director of Individual Gifts at New York University, and as a consultant in non-profit administration and fundraising, she worked with Horace Mann School, Pequot Library, and REACH Preshe served on the Boards of the Greater New York Chapter of the Association of Fundraising Professionals, and Women in Development, New York.

Governance

BOARD CHAIR

Mr. Scott L. Bok

Greenhill & Co., LLC

Term: July 2011 -

BOARD LEADERSHIP PRACTICES

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices. Self-reported by organization

Yes

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?

Yes

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?

Yes

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?

Yes

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?

No

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?