MIDDLE VILLAGE PREPARATORY CHARTER SCHOOL

EIN: 461591284 501(c)(3) Education

MIDDLE VILLAGE, NY

Total Revenue
$12,447,422
Total Expenses
$10,575,994
Total Assets
$28,772,999
Net Assets
$21,470,108
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NY
Principal Officer
JOSEPHINE LUME
Phone
7188692933
Tax Period
2024-07-01 to 2025-06-30

MIDDLE VILLAGE PREPARATORY CHARTER SCHOOL, founded in 2013, is a mid-sized nonprofit in the Education sector that reported $12.4M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.9M, a strong 15% operating margin.

Mission

TO PREPARE STUDENTS FOR SUCCESS AT A SELECTIVE COLLEGE PREPARATORY SCHOOL OF THEIR CHOICE. THE SCHOOL HAS A RIGOROUS CURRICULUM DESIGNED TO MEET AND SURPASS THE NEW YORK STATE EDUCATION DEPARTMENT REQUIREMENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,147,450
Program Service Revenue $9,537,187
Investment Income $761,661
Other Revenue $1,124
TOTAL REVENUE $12,447,422

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,799,600
Fundraising Expenses $0
Program Expenses $9,769,514
Other Expenses $4,776,394
TOTAL EXPENSES $10,575,994

Year-over-Year Comparison

2024 2023 Change
Revenue $12,447,422 $11,516,729 +0.1%
Expenses $10,575,994 $9,634,148 +0.1%
Net Income $1,871,428 $1,882,581 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
68
Volunteers
9

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
8
$749,002
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTIAN QUEZADA DIR OF OPERA 50.00
Officer
$222,000 $17,848 $239,848
MICHELE ALLOCCA ASST PRINCIP 50.00
Officer
$195,333 $12,921 $208,254
MARY RAFFERTY-BASILE PRINCIPAL 50.00
Officer
$180,500 $14,512 $195,012
MELISSA DILEONARDO SPED TEACHER 40.00
Highest
$108,681 $0 $108,681
JACQUELINE CARUANA THEATER TEAC 40.00
Highest
$107,437 $0 $107,437
JESSICA FRITH ASST PRINCIP 50.00
Officer
$105,888 $0 $105,888
ELIZABETH AIELLO TEACHER 40.00
Highest
$103,427 $0 $103,427
MARIA CANDELA TRUSTEE 2.00
Director
$0 $0 $0
CINDY DANIELSKI TRUSTEE 2.00
Director
$0 $0 $0
GAIL GIORDANO SECRETARY 2.00
Officer Director
$0 $0 $0
JOSEPHINE LUME CHAIRPERSON 2.00
Officer Director
$0 $0 $0
SERPHIN R MALTESE VICE-CHAIRPE 2.00
Officer Director
$0 $0 $0
MARGARET OGNIBENE TREASURER 2.00
Officer Director
$0 $0 $0
WEST POINDEXTER TRUSTEE 2.00
Director
$0 $0 $0
KAREN ROMMENEY TRUSTEE 2.00
Director
$0 $0 $0
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
2025 $12,447,422 $10,575,994 $28,772,999 $1,871,428
2024 No data No data No data No data
2023 $11,111,107 $8,668,640 $28,344,393 $2,442,467
2022 $9,300,714 $6,762,808 $14,740,509 $2,537,906
2021 $8,797,272 $6,266,271 $13,720,756 $2,531,001
2020 $8,774,996 $6,716,502 $10,624,494 $2,058,494
2019 $8,635,388 $6,613,969 $8,589,666 $2,021,419
2018 $7,575,158 $6,055,189 $6,472,171 $1,519,969
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