Educational Institutions

Prep for Prep

Prep for Prep develops ethical and effective leaders who reflect our diverse society for the enduring benefit of all.

New York, NY

Mission

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.

Ruling Year

1968

Principal Officer

Ms. Aileen Hefferren

Main Address

328 W 71st St

New York, NY 10023 USA

Keywords

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

EIN

13-2613383

 Number

4938275670

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.

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Social Media

Programs + Results

What we aim to solve New!

As the United States population diversifies at an unprecedented rate, our progress in creating a demographically representative leadership pool continues to fall behind. A national study by the Jack Kent Cooke Foundation concluded that in the absence of interventions such as Prep, low-income, high-achieving students disproportionately fail to achieve their potential at every academic juncture. Additionally, Harold L. Hodgkinson, Director of the Center for Demographic Policy at the Institute for Educational Leadership, predicts that by 2020 half of all U.S. children ages 0-18 will be non-white. However, according to recent analysis conducted by the New York Times, of the 503 most powerful people in American culture, government, education and business, only 44, or 9%, are minorities. Prep for Prep is shaping the next generation of leaders so that the leadership pool in this country better represents its diverse demographic.

Our programs

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

SOURCE: Self-reported by organization

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

Where we workNew!

Our Results

How does this organization measure their results? It's a hard question but an important one. These quantitative program results are self-reported by the organization, illustrating their committment to transparency, learning, and interest in helping the whole sector learn and grow.

SOURCE: Self-reported by organization

Number of clients placed in internships

TOTALS BY YEAR
Population(s) served

Minorities,

Students

Related program

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

Context notes

In summer 2018, Prep's Professional Advancement unit placed 310 students in summer internships at 148 participating companies and offered 20 career seminars.

Number of program participants who receive a secondary school diploma or GED

TOTALS BY YEAR
Population(s) served

Minorities,

Students

Related program

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

Context notes

Over 80% of the graduating senior Class of 2018 enrolled in a Barron’s-ranked Most or Highly Competitive college this fall, with over 20% of the class matriculating in an Ivy League school.

Number of graduates enrolled in higher learning, university, or technical/vocational training

TOTALS BY YEAR
Population(s) served

Minorities,

Students

Related program

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

Average financial aid award per FTE student

TOTALS BY YEAR
Population(s) served

Minorities,

Students

Related program

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

Context notes

Prep’s investment in its students is leveraged 6x through independent school and college financial aid.

Charting Impact

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

SOURCE: Self-reported by organization

What is the organization aiming to accomplish?

What are the organization's key strategies for making this happen?

What are the organization's capabilities for doing this?

How will they know if they are making progress?

What have and haven't they accomplished so far?

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 22nd Annual Alumni Giving Campaign in Fiscal Year 2017, 34% of all Prep college graduates contributed (compared to the 10% national average for alumni giving according to the National Association of Independent Schools).

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 Internship Program (approximately 350 students/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

For nearly 40 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 2017 Lilac Ball honored Lawrence Golub, CEO of Golub Capital.

• 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 22ndAnnual Alumni Giving Campaign in Fiscal Year 2017, 34% of all Prep college graduates contributed (compared to the 10% national average for alumni giving according to the National Association of Independent Schools).

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.

Prep's program is cyclical. We have successfully completed all of the measures necessary as of Fiscal Year 2017 (July 1, 2016 - June 30, 2017).

- 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 70 independent day and boarding schools, which together commit approximately $35 million annually in financial aid to Prep students.

- Overall, nearly 90% of Prep's 2,829 college graduates have earned their degrees from the most competitive colleges in the country; 35% have graduated from Ivy League schools. Nearly 90% of the graduating senior Class of 2017 enrolled in a Barron's-ranked Most or Highly Competitive college this fall, with 32% of the class matriculating in an Ivy League school. Yale is the leading college choice, with 8 students enrolling from this year's class, followed by Penn (7), Columbia (6), Cornell (6), Harvard (6), NYU (5), Brown (4), Wash U. (4), Wesleyan (4), Williams (4), Bowdoin (3), Carnegie Mellon (3), Duke (3), and Princeton (3).

- Among Prep alumni who have completed or are pursuing graduate degrees, we count 274 JDs, 191 MBAs, 116 MDs, and 114 PhDs at top graduate schools such as Columbia, NYU, Harvard, and Penn. In addition, the Prep alumni body boasts 16 Fulbright Scholarship recipients, 15 Mellon Mays Fellows, six Harlan Fiske Stone Scholars, five Paul and Daisy Soros Fellows, five 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 2017, Prep's Professional Advancement unit placed 315 students in summer internships at 140 participating companies with Prep Trustees responsible for securing 65% of the internship placements and Prep alums 46%. Through our summer internship program, high school and college students challenge themselves through internships in a variety of fields including law, finance, medical research, advertising, nonprofit, and media.

- This summer, 19 rising Prep eleventh and twelfth graders and college freshmen participated in Prep's Public Policy Internships Project. Students interned at organizations such as NY Communities for Change, Citizens Budget Commission, Common Cause, DoHMH 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 Institute for Entrepreneurship (IFE) was offered for the fifteenth consecutive year for 29 Prep high school sophomores and juniors. This five-week long summer course, which provided students with an intensive and practical introduction to the business world, concluded with a Final Business Plan Competition, hosted and sponsored by Google.

External Reviews

Photos

Financials

Prep for Prep

Fiscal year: Jul 01 - Jun 30

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  • Address, phone, website and contact information
  • Forms 990 for 2017, 2016 and 2016
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Operations

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

Need more info?

FREE: Gain immediate access to the following:

  • Address, phone, website and contact information
  • Forms 990 for 2017, 2016 and 2016
A Pro report is also available for this organization for $125.
Click here to see what's included.

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.

SOURCE: Self-reported by organization

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?

Yes

BOARD PERFORMANCE

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

No

Organizational Demographics

In order to support nonprofits and gain valuable insight for the sector, GuideStar worked with D5—a five-year initiative to advance diversity, equity, and inclusion in philanthropy—in creating a questionnaire. This section is a voluntary questionnaire that empowers organizations to share information on the demographics of who works in and leads organizations. To protect the identity of individuals, we do not display sexual orientation or disability information for organizations with fewer than 15 staff. Any values displayed in this section are percentages of the total number of individuals in each category (e.g. 20% of all Board members for X organization are female).

SOURCE: Self-reported by organization

Gender

Race & Ethnicity

Sexual Orientation

We do not display sexual orientation information for organizations with fewer than 15 staff.

Disability

We do not display disability information for organizations with fewer than 15 staff.

Diversity Strategies

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We track retention of staff, board, and volunteers across demographic categories
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We track income levels of staff, senior staff, and board across demographic categories
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We track the age of staff, senior staff, and board
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We track the diversity of vendors (e.g., consultants, professional service firms)
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We have a diversity committee in place
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We have a diversity manager in place
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We have a diversity plan
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We use other methods to support diversity