KOOL NERD PREP INC

EIN: 822518515 501(c)(3) Education

MAMARONECK, NY

Total Revenue
$202,487
Total Expenses
$227,463
Total Assets
$79,352
Net Assets
$79,352
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NY
Principal Officer
MERISSA SPENCER
Phone
4709806820
Tax Period
2025-01-01 to 2025-12-31

KOOL NERD PREP INC, founded in 2017, is a small nonprofit in the Education sector that reported $202K in total revenue in fiscal year 2025. Revenue decreased 11% compared to the prior year. Expenses of $227K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVIDE STEM BASED EDUCATION, CAREER PREPARATION, EXPOSURE, AND TRAINING TO UNDERSERVED AND UNDEREMPLOYED YOUNG ADULTS THROUGH HANDS-ON EXPERIENCES AND EXPLORATION ACTIVITIES.

Program Service Accomplishments

Program 1
Expenses: $35,280

EMS ACADEMY: EMT CERTIFICATION TRAINING OFFERED TO 20 HIGH SCHOOL SENIORS AND JUNIORS WITHIN THE MOUNT VERNON CITY SCHOOL DISTRICT. STUDENTS WHO SUCCESSFULLY COMPLETE THE PROGRAM ARE ELIGIBLE TO SIT...

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EMS ACADEMY: EMT CERTIFICATION TRAINING OFFERED TO 20 HIGH SCHOOL SENIORS AND JUNIORS WITHIN THE MOUNT VERNON CITY SCHOOL DISTRICT. STUDENTS WHO SUCCESSFULLY COMPLETE THE PROGRAM ARE ELIGIBLE TO SIT FOR THE NYS CERTIFICATION EXAM.

Program 2
Expenses: $57,800 Revenue: $44,901

SUMMER HEALTHCARE EXPOSURE PROGRAM (2 REGIONS): A 5-WEEK OPPORTUNITY FOR UP TO 30 STUDENTS TO EXPERIENCE A VARIETY OF CAREERS WITHIN THE HEALTHCARE INDUSTRY AND IDENTIFY THE REQUIREMENTS NEEDED FOR...

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SUMMER HEALTHCARE EXPOSURE PROGRAM (2 REGIONS): A 5-WEEK OPPORTUNITY FOR UP TO 30 STUDENTS TO EXPERIENCE A VARIETY OF CAREERS WITHIN THE HEALTHCARE INDUSTRY AND IDENTIFY THE REQUIREMENTS NEEDED FOR THEIR INDIVIDUAL PURSUITS; PREPARING THEM FOR EMPLOYMENT OPPORTUNITIES. THE PROGRAM PROMOTES THE DEVELOPMENT OF A QUALIFIED HEALTHCARE WORKFORCE THROUGH A FOCUS ON CAREER AWARENESS, WORKPLACE SKILLS AND SCIENCE PREPARATION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $202,487
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $202,487

Expense Breakdown

Grants Paid $0
Salaries & Benefits $62,465
Fundraising Expenses $12,493
Program Expenses $93,080
Other Expenses $164,998
TOTAL EXPENSES $227,463

Year-over-Year Comparison

2025 2024 Change
Revenue $202,487 $228,353 -0.1%
Expenses $227,463 $170,314 +0.3%
Net Income $-24,976 $58,039 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
N/A

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
$62,465
Total Directors
4
$62,465
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAYMOND A FARQUHARSON BOARD CHAIRMAN 10.00
Director
$0 $0 $0
STEPHANIE EVANS BOARD MEMBER 5.00
Director
$0 $0 $0
LUTONYA RUSSELL-HUMES BOARD MEMBER 5.00
Director
$0 $0 $0
MERISSA SPENCER EXECUTIVE DIRECTOR 40.00
Officer Director
$62,465 $0 $62,465
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 $202,487 $227,463 $79,352 $-24,976
2024 $228,353 $170,314 $104,328 $58,039
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