Preston High School

EIN: 131853768 501(c)(3)

Bronx, NY

Total Revenue
$7,149,629
Total Expenses
$6,687,787
Total Assets
$4,510,210
Net Assets
$2,837,740
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
NY
Phone
7188639134
Tax Period
2023-09-01 to 2024-08-31

Preston High School, founded in 1947, is a community nonprofit that reported $7.1M in total revenue in fiscal year 2023. Expenses of $6.7M left a modest 6% surplus.

Mission

Through a broad and challenging curriculum, a diverse, faith-centered community and a commitment to Christian service, Preston High School empowers young women by providing them with the skills needed to become compassionate leaders for change in their world.

Program Service Accomplishments

Program 1
Expenses: $4,586,739 Revenue: $3,460,028

Class of 2024 Graduation: This year, we graduated 83 remarkable students who collectively earned over $25 million in college scholarships and grants. Preston Scholars in the Azores: Over the summer...

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Class of 2024 Graduation: This year, we graduated 83 remarkable students who collectively earned over $25 million in college scholarships and grants. Preston Scholars in the Azores: Over the summer, a group of our Preston Scholars had the incredible opportunity to travel to the Azores to attend an Environmental Science in Action seminar, further expanding their academic and environmental knowledge. Golf Club:We started a Golf Club this Fall to serve as an excellent stepping stone for students who want to use golf as a way to gain both academic and professional advantages, including scholarship money. Financial Literacy and Stock Exchange Experience: Select Juniors and Seniors participated in a financial literacy workshop at the NY Stock Exchange and took part in the exciting closing bell ceremony. Rock the Street, Wall Street: A select group of Juniors attended the Rock the Street Wall Street event at Varde Partners on Madison Avenue, where they were able to engage with professionals in the finance industry. Mental Health and Networking Initiatives: We continue our partnership with The Jed Foundation (JED),which focuses on emotional health and suicide prevention for teens and young adults. Additionally, we have teamed up with Fearless+ to help our students secure internships,access workshops, and build a profile similar to LinkedIn for college recruiting. New Partnership with Wonder Girls: In January, we will begin a new partnership with Wonder Girls,a non-profit organization that focuses on building self-confidence, business skills, and promoting physical and mental health for young women. Compassion Connection: Over the past two years, our Compassion Connection group has raised well over our goal of 10,000 pounds of food to support local food pantries, demonstrating the generous spirit of our community. Cultural Thanksgiving Celebration: This years Cultural Thanksgiving was a beautiful celebration of our diversity, with students preparing and sharing various dishes and desserts from different cultures. Big Sisters/Little Sisters: Our Big Sisters and Little Sisters continued their mission of supporting younger students through tutoring and organizing fun holiday events. I Heart Radio Visit: Our Video Production class had the exciting opportunity to visit the I Heart Radio studio in Manhattan. During the trip, students recorded the voiceovers for our Open House commercials and also had the chance to meet with a panel of industry professionals. They shared valuable insights into potential career paths within the media and broadcasting fields. New Bus for Athletics: Thanks to the success of a few impressive fundraisers, the Preston Athletic Department has been able to purchase a pre-owned 25-seat van. This new addition will ensure our student-athletes have reliable transportation for their away games. Increased Open House Attendence: From 2023 to 2024, we saw a notable increase in the number of students attending our Open Houses, reflecting growing interestin our programs and campus offerings. Niche Top Schools: Preston was named to the top 25 Schools in New York this year.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,153,621
Program Service Revenue $4,989,265
Investment Income $-95,454
Other Revenue $102,197
TOTAL REVENUE $7,149,629

Expense Breakdown

Grants Paid $1,529,237
Salaries & Benefits $3,659,858
Fundraising Expenses $343,693
Program Expenses $4,586,739
Other Expenses $1,498,692
TOTAL EXPENSES $6,687,787

Year-over-Year Comparison

2023 2022 Change
Revenue $7,149,629 $6,901,916 +0.0%
Expenses $6,687,787 $6,631,594 +0.0%
Net Income $461,842 $270,322 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
66
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
7
$0
Key Employees
3
$305,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Laura DeMaria-DeMattia Treasurer 0.00
Officer Director
$0 $0 $0
Sr Laura DonovanRDC Member 0.00
Director
$0 $0 $0
Sr Carol PetersonRDC Member 0.00
Director
$0 $0 $0
Sr Susan BeckerRDC Member 0.00
Director
$0 $0 $0
Sr Kristin DonworthRDC Member 0.00
Director
$0 $0 $0
Thomas E Merkel Member 0.00
Director
$0 $0 $0
Sr Roberta Smith OSF Member 0.00
Director
$0 $0 $0
Jennifer Connolly Principal 40.00
Key Emp
$125,000 $0 $125,000
Pasqualina Traina Director of Finance 24.00
Key Emp
$56,700 $0 $56,700
Cristina Fragale Senior Director of Recruitment and Development 40.00
Key Emp
$123,800 $0 $123,800
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $7,149,629 $6,687,787 $4,510,210 $461,842
2023 $6,901,916 $6,631,594 $4,977,743 $270,322
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