Nonprofit · EIN 83-2051523
FRIENDS OF NEW WORLD PREP INC
Tax-exempt · STATEN ISLAND, NY 10302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,452,845 | $1,368,932 | $83,913 | $78,304,048 | $63,868,661 | $14,435,387 |
| June 30, 2024 | 990 | $2,250,120 | $1,311,430 | $938,690 | $73,781,458 | $59,429,984 | $14,351,474 |
| June 30, 2023 | 990 | $5,943,807 | $1,052,944 | $4,890,863 | $71,541,177 | $58,128,393 | $13,412,784 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $25,000
- Program service revenue
- $1,149,931
- Investment income
- $277,914
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $10,000
- Occupancy
- $1,149,931
- Depreciation
- $83,251
- Program services (functional)
- $1,186,010
- Management and general (functional)
- $77,922
- Fundraising (functional)
- $105,000
Balance sheet and other
- Total assets, start of year
- $73,781,458
- Total assets, end of year
- $78,304,048
- Total liabilities, end of year
- $63,868,661
- Net assets, end of year
- $14,435,387
- Land, buildings and equipment
- $2,731,000
- Net assets without donor restrictions
- $14,435,387
- Gross receipts
- $1,452,845
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2018
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANGELO APONTE | Treasurer Trustee or director, Officer | 1 | $0 |
| TERRY TROIA | Secretary Trustee or director, Officer | 0.5 | $0 |
| HENRY SALMON | Trustee Trustee or director | 0.5 | $0 |
| COLLEEN SORRENTINO | BOARD PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| LARRY MIRALDI | Vice President Trustee or director, Officer | 0.5 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANGELO APONTE | Treasurer Trustee or director, Officer | 1 | $0 |
| TERRY TROIA | Secretary Trustee or director, Officer | 0.5 | $0 |
| HENRY SALMON | Trustee Trustee or director | 0.5 | $0 |
| COLLEEN SORRENTINO | BOARD PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| LARRY MIRALDI | Vice President Trustee or director, Officer | 0.5 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANGELO APONTE | Treasurer Trustee or director, Officer | 1 | $0 |
| TERRY TROIA | Secretary Trustee or director, Officer | 0.5 | $0 |
| HENRY SALMON | Trustee Trustee or director | 0.5 | $0 |
| COLLEEN SORRENTINO | BOARD PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| LARRY MIRALDI | Vice President Trustee or director, Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 26 SHARPE AVE, STATEN ISLAND, NY 10302-1234
- Principal officer (990 for 2024)
- ANGELO APONTE, 26 SHARPE AVENUE, STATEN ISLAND, NY 10302
- Signed the 990
- ANGELO APONTE, Treasurer
- Phone
- (718) 705-8990
- Return prepared by
- NCHENG LLP CERTIFIED PUBLIC ACCOUNTANTS
Mission
OUR MISSION IS TO SUPPORT THE EDUCATIONAL PURPOSES OF NEW WORLD PREPARATORY CHARTER SCHOOL BY ACQUIRING, LEASING, CONSTRUCTING, RENOVATING AND MAINTAINING REAL ESTATE AND OTHER FACILITIES FOR THE USE OF THE STUDENTS AND FACULTY OF NEW WORLD PREPARATORY CHARTER SCHOOL. AND BY UNDERTAKING OR FUNDING OTHER ACTIVITIES AND SERVICES THAT ENHANCE, AUGMENT AND COMPLEMENT NEW WORLD PREPARATORY CHARTER SCHOOL'S EDUCATIONAL PROGRAMS AND ACTIVITIES.
Program accomplishments
- SUPPORT THE EDUCATIONAL PURPOSES OF NEW WORLD PREPARATORY CHARTER SCHOOL BY ACQUIRING, LEASING, CONSTRUCTING, RENOVATING AND MAINTAINING REAL ESTATE AND OTHER FACILITIES FOR THE USE OF THE STUDENTS AND FACULTY OF NEW WORLD PREPARATORY CHARTER SCHOOL. AND BY UNDERTAKING OR FUNDING OTHER ACTIVITIES AND SERVICES THAT ENHANCE, AUGMENT AND COMPLEMENT NEW WORLD PREPARATORY CHARTER SCHOOL'S EDUCATIONAL PROGRAMS AND ACTIVITIES.Expenses $1,186,010 · revenue $1,149,931
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 83-2051523
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $78,304,048
- Income (IRS master file)
- $1,452,845
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,452,845 | $1,368,932 | $78,304,048 | IRS |
| 990 | June 2024 | $2,250,120 | $1,311,430 | $73,781,458 | IRS |
| 990 | June 2023 | $5,943,807 | $1,052,944 | $71,541,177 | XML |
| 990 | June 2022 | $4,092,380 | $103,780 | $66,670,232 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-2051523).
Questions about FRIENDS OF NEW WORLD PREP INC
- What is the EIN of FRIENDS OF NEW WORLD PREP INC?
- The employer identification number (EIN) of FRIENDS OF NEW WORLD PREP INC is 83-2051523.
- Is FRIENDS OF NEW WORLD PREP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to FRIENDS OF NEW WORLD PREP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS OF NEW WORLD PREP INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRIENDS OF NEW WORLD PREP INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS OF NEW WORLD PREP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FRIENDS OF NEW WORLD PREP INC?
- The 990 for the year ended June 30, 2025 names ANGELO APONTE.
- Who are the officers and directors of FRIENDS OF NEW WORLD PREP INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF NEW WORLD PREP INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,452,845, expenses of $1,368,932 and total assets of $78,304,048 at year end.
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