University Preparatory Charter School for Young Men

EIN: 800257911 501(c)(3) Education

Rochester, NY

Total Revenue
$11,045,357
Total Expenses
$9,978,969
Total Assets
$9,954,257
Net Assets
$8,696,527
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NY
Principal Officer
Denise Rainey
Phone
5856721280
Tax Period
2023-07-01 to 2024-06-30

University Preparatory Charter School for Young Men, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $11.0M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $10.0M left a modest 10% surplus.

Mission

To establish a single-sex education option in the City of Rochester with an engaging learning environment and informed practices that are effective for young men.

Program Service Accomplishments

Program 1
Expenses: $7,697,462 Revenue: $6,943,146

Regular Education: The School curriculum encourages and promotes young men to be involved, to be active in their learning, and learn together. The School provides preparation not just for graduation...

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Regular Education: The School curriculum encourages and promotes young men to be involved, to be active in their learning, and learn together. The School provides preparation not just for graduation, but for success in college. It is also a place for young men to play sports and engage in exciting, healthy extracurricular activities. All courses align with the New York State Learning Standards. The School received $3,278,519 grant contributions from the Federal and State Education Departments for their regular education program.

Program 2
Expenses: $670,205 Revenue: $683,650

Special Education: The School is open to all children and does not discriminate on the basis of ethnicity, national origin, gender, disability, or any other grounds that would be unlawful or deny the...

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Special Education: The School is open to all children and does not discriminate on the basis of ethnicity, national origin, gender, disability, or any other grounds that would be unlawful or deny the civil rights of any individual. In accordance with the Individuals with Disabilities Education Act, the Rehabilitation Act, and Section 504, and the Americans with Disabilities Act, the School provides a free and appropriate education, in the least restrictive environment, to students with disabilities. The primary service delivery for students with special needs is inclusion. For students requiring supplemental services, the School contracts with local individuals or agencies to provide the required services outlined in the student's Individual Education Plan or 504 Plan.

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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 $3,330,904
Program Service Revenue $7,625,979
Investment Income $87,657
Other Revenue $817
TOTAL REVENUE $11,045,357

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,246,695
Fundraising Expenses $0
Program Expenses $8,367,667
Other Expenses $2,732,274
TOTAL EXPENSES $9,978,969

Year-over-Year Comparison

2023 2022 Change
Revenue $11,045,357 $7,793,879 +0.4%
Expenses $9,978,969 $8,099,224 +0.2%
Net Income $1,066,388 $-305,345 -4.5%
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
9
Independent Members
9
Employees
129
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
$519,025
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Edward Yansen Board President 0.60
Officer Director
$0 $0 $0
Sharon Delly Secretary 0.60
Officer Director
$0 $0 $0
Dr George Bovenzi Member 0.60
Director
$0 $0 $0
Dr David Shakes Member 0.60
Director
$0 $0 $0
Dr Wandah Gibbs Member 0.60
Director
$0 $0 $0
Dr Larry Ellison 2nd Vice President 0.60
Officer Director
$0 $0 $0
Denise Rainey Vice President 0.60
Officer Director
$0 $0 $0
Dr W Gayle Harrison Member 0.60
Director
$0 $0 $0
Allen Williams Treasurer 0.60
Officer Director
$0 $0 $0
Walter Larkin Jr Chief Executive Officer 40.00
Officer
$186,101 $16,035 $202,136
Cam Lewis Chief Operating Officer 40.00
Officer
$134,125 $13,234 $147,359
Latresha Fuller Chief Academic Officer 40.00
Officer
$158,796 $10,734 $169,530
Tracy DelGrego Principal 40.00
Highest
$101,044 $17,853 $118,897
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 No data No data No data No data
2024 $11,045,357 $9,978,969 $9,954,257 $1,066,388
2023 $7,793,879 $8,099,224 $8,966,764 $-305,345
2022 $8,513,701 $7,514,510 $8,511,633 $999,191
2021 $6,504,650 $6,708,812 $8,961,463 $-204,162
2020 $6,748,519 $7,057,520 $9,106,113 $-309,001
2019 $6,089,489 $7,277,301 $7,781,739 $-1,187,812
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