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   |  http://www.prepforprep.org

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 info

1968

Principal Officer

Ms. Ruth Jurgensen

Main address

328 W 71st St

New York, NY 10023 USA

Show more contact info

EIN

13-2613383

NTEE code info

Youth Development Programs (O50)

Student Services and Organizations (B80)

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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Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

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

SOURCE: Self-reported by organization

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

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 200 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”).

Population(s) Served

Where we work

External assessments

Evaluated via the Impact Genome Project (2019)

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of clients placed in internships

This metric is no longer tracked.
Totals By Year
Related Program

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

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

Prep's Professional Advancement unit places approximately 300 students in summer internships at 140 participating companies and offers 20 career seminars.

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

This metric is no longer tracked.
Totals By Year
Related Program

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

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

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

This metric is no longer tracked.
Totals By Year
Related Program

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

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Holding steady

Average financial aid award per FTE student

This metric is no longer tracked.
Totals By Year
Related Program

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

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

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

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

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

Prep for Prep develops ethical and effective leaders who reflect our diverse society for the enduring benefit of all. Prep identifies talented students of color, prepares them to thrive in independent day and boarding schools through a rigorous academic instruction program, exposes them to enrichment programming to broaden their horizons, and provides them with a sense of community, peer support, social-emotional guidance and counseling, and a range of professional development opportunities.

Academic Programs: 14-month “academic bootcamp” prepares approximately 200 students annually to excel once placed in 7th-Grade at day schools in NYC or 9th-grade in Northeastern boarding schools. These partnering independent day and boarding schools commit to providing financial aid to fully meet students’ needs based on family household income. Prep’s organizationational budget investment in its students leverages roughly $35 million annually for over 700 students grades 7-12.

Counseling: Prep provides individual counseling for approximately 700 students annually through their years in independent day and boarding schools, monitoring students’ academic and social-emotional progress and providing assistance to students and their families as needed, including tutoring and emergency fund support. Social and cultural activities help to ease social transitions and maintain a sense of community while building social capital. The counseling team works to equip students, who are also navigating adolescence, to address issues ranging from imposter syndrome and micro-aggressions; to perfectionism, anxiety and depression; to cultural divides, assimilation and gender identity. Services and support are also made available to approximately 600 college students annually through our Undergraduate Affairs department.

Leadership Development: Prep services over 1,300 independent school students (722) and college students (605), providing them with leadership development and professional advancement opportunities. Activities include: access to sleep-away c a Prep-Sotheby’s partnership for Prep’s Summer Arts Academy; A Prep-Google partnership for Prep’s Institute for Entrepreneurship (IFE); College Guidance (including college campus visits); Student Leadership Retreats; more than 300 summer internship and career seminars with leading firms and companies, as well as nonprofit and public service agencies; exposure to STEM fields and computer coding; travel abroad; experiential learning opportunities; and other summer programs aimed at expanding student horizons. These opportunities are vital to increasing students’ sense of belonging, understanding the breadth of life’s possibilities, and building a stronger sense of self.

Prep consistently serves as a model to other educational organizations regionally and nationally. Our approach to launching leaders by providing access for students of color to a superior education, college success, and career opportunities has been adopted or incorporated by at least 18 organizations in the United States and abroad.

Our role in advising and influencing the adoption of best practices has naturally grown out of our signature networking initiative, Smart Connections, a platform 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—321 organizations and social entrepreneurs have benefited from the organization’s expertise.

We have emerged as a trusted resource to our independent school partners in sharing our best practices for supporting all students’ social-emotional learning and self-identification. We regularly convene school administrators and colleagues in conversations on how to serve the needs of diverse students and prepare them to succeed academically, socially, and emotionally in rigorous independent schools and colleges.

Prep for Prep’s Associate Executive Director, Jackson Collins, wrote his doctoral dissertation on the experiences of students of color in independent schools, using three conceptual frameworks: sense of belonging, emotional well-being, and racial coping self-efficacy and competence. The mixed-methods study, completed in 2018, reveals insights about the relationships between school climate, identity and belonging, racial coping strategies, and stress. The research findings and Dr. Collins’ recommendations have proven to be a valuable resource for school leaders and educators.

Prep's programming is offered year-round, following the academic calendar year closely.

- 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.

- Prep's Professional Advancement unit places approximately 300 students in summer internships at 140 participating companies with Prep Trustees and Associates Council 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.

- 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.

- 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.

-Among Prep alumni who have completed or are pursuing graduate degrees, we count 281 JDs, 201 MBAs, 116 MDs, and 116 PhDs​ at top graduate schools.

-Our alums are distinguishing themselves professionally in the arts, business, education, finance, health care, law, and public service, among other industries.

-The Prep alumni body boasts 16 Fulbright recipients, 16 Mellon Mays Undergraduate Fellows, five Paul and Daisy Soros Fellows, five Gates Scholars, two Rhodes Scholars, two Rockefeller Fellows, two Truman Scholars, and one White House Fellow.

Financials

Prep for Prep
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Operations

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

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  • Analyze a variety of pre-calculated financial metrics
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  • Compare nonprofit financials to similar organizations

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Prep for Prep

Board of directors
as of 09/18/2020
SOURCE: Self-reported by organization
Board co-chair

Mr. Scott Bok

Greenhill & Co., LLC

Term: 2011 -


Board co-chair

Ms. Lisa Cashin

Martin Lipton

Wachtell, Lipton, Rosen & Katz

John Vogelstein

Warburg Pincus; New Providence Asset Management

Scott Bok

Greenhill & Co., LLC

Lisa Cashin

Daniel Neidich

Dune Real Estate Partners

James Maher

BlackRock Kelso Capital

Eric Rothfeld

REI Capital, LLC

John Hall

Debevoise & Plimpton LLP

Pascal Desroches

Time Warner Inc.

Arun Alagappan

Advantage Testing Inc.

Herbert Allen

Allen & Company LLC

John Allman

Trinity School

Nicole Arnaboldi

Credit Suisse

Anson Beard

Vollero Beach Capital Partners LLC

Ronald Blaylock

GenNx360 Capital Partners

Frank Bynum

Kelso & Company

Jorge Calderon

Elizabeth Dater

Angelo, Gordon & Co.

Alexander Edlich

McKinsey & Company

Patricia Farman-Farmaian

Carl Harnick

Laurence Leeds

Buckingham Capital Management

Frank Loverro

Kelso & Company

Paula Mahoney

Julie Monaco

Citi

Jonathan Moses

Wachtell, Lipton, Rosen & Katz

Jeannemarie O'Brien

Wachtell, Lipton, Rosen & Katz

Sandy Osborne

Kelso & Company

Lissa Perlman

Kekst & Company, Inc.

William Shutzer

Evercore Partners

Anita Wien

Observatory Group LLC

Brian Wille

Wille Family Foundation

Dale Allsopp (VII)**

Google

Peter Anzalone

Warburg Pincus, Ernst & Young

Conor Bastable

Davidson Kempner Capital Management LLC

Margaret Loeb

MML Productions

Sue Meng

Debevoise & Plimpton LLP

Ken Caplan

Blackstone

Richard D'Albert

Seer Capital Management

James DeMare

Bank of America Merrill Lynch

Jonathan Figueroa (P9 XV)

PepsiCo

Jeremy Gelber

Pamplona Capital

Natalie Swaby Hutchinson (XIV)

James Levy

Warburg Pincus

R. Tyler Morse

MCR / Morse Development

Yahonnes Cleary

Paul, Weiss, Rifkind, Wharton & Garrison

Christopher James

Senior Managing Director, Blackstone

Marisa Van Bokhorst

Christopher Ortega

TPG Capital

Amanda Boston

New York University

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and 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 and 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