Skip to content
ProPublica Donate
ProPublica Donate

Friends Of The Preparatory Charter School

  • Philadelphia, PA
  • Tax-exempt since Nov. 2004
  • EIN: 56-2428125

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2024 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$265k (2024)

Expenses
$315k (2024)

Total Assets
$5.64M (2024)

Total Liabilities
$3.51M (2024)

Years with missing data
Source: Form 990 tax filings from 2010 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$264,509
Expenses
$314,873
Net Income
-$50,364
Net Assets
$2,128,665
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $214,807
81.2%
Investment Income $49,702
18.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,636,582
Total Liabilities $3,507,917
Net Assets $2,128,665
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Charles Pearsall Iii (President) $0 $0 $0
John H Richardson (Secretary) $0 $0 $0
Michael Giangiordano (Treasurer) $0 $0 $0
Wick Savage (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on June 26, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$245,290
Expenses
$326,501
Net Income
-$81,211
Net Assets
$2,179,029
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $210,000
85.6%
Investment Income $35,290
14.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,279,779
Total Liabilities $1,100,750
Net Assets $2,179,029
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Charles Pearsall Iii (President) $0 $0 $0
John H Richardson (Secretary) $0 $0 $0
Michael Giangiordano (Treasurer) $0 $0 $0
Wick Savage (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$216,458
Expenses
$297,776
Net Income
-$81,318
Net Assets
$2,334,909
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $6,458
3.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $210,000
97.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,536,059
Total Liabilities $1,201,150
Net Assets $2,334,909
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Chuck Pearsall (President) $0 $0 $0
John H Richardson (Secretary) $0 $0 $0
Michael Giangiordano (Treasurer) $0 $0 $0
Thomas J Kane (Member) $0 $0 $0
Wick Savage (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 11, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$179,929
Expenses
$185,229
Net Income
-$5,300
Net Assets
$2,492,819
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $4,929
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $175,000
97.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,692,819
Total Liabilities $1,200,000
Net Assets $2,492,819
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Chuck Pearsall (President) $0 $0 $0
John H Richardson (Secretary) $0 $0 $0
Michael Giangiordano (Treasurer) $0 $0 $0
Thomas J Kane (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 13, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$215,936
Expenses
$112,861
Net Income
$103,075
Net Assets
$2,498,119
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,748
0.8%
Program Services $0
Investment Income $4,188
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $210,000
97.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,657,615
Total Liabilities $1,159,496
Net Assets $2,498,119
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Chuck Pearsall (President) $0 $0 $0
John H Richardson (Secretary) $0 $0 $0
Michael Giangiordano (Treasurer) $0 $0 $0
Thomas J Kane (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 18, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$213,781
Expenses
$290,279
Net Income
-$76,498
Net Assets
$2,573,103
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $3,781
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $210,000
98.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,824,906
Total Liabilities $1,251,803
Net Assets $2,573,103
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Chuck Pearsall (President) $0 $0 $0
John H Richardson (Secretary) $0 $0 $0
Michael Giangiordano (Treasurer) $0 $0 $0
Thomas J Kane (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$215,857
Expenses
$314,773
Net Income
-$98,916
Net Assets
$2,649,601
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $5,857
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $210,000
97.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,975,480
Total Liabilities $1,325,879
Net Assets $2,649,601
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Chuck Pearsall (President) $0 $0 $0
John H Richardson (Secretary) $0 $0 $0
Michael Giangiordano (Treasurer) $0 $0 $0
Thomas J Kane (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 11, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$213,311
Expenses
$308,819
Net Income
-$95,508
Net Assets
$2,760,678
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $3,306
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $210,005
98.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,162,855
Total Liabilities $1,402,177
Net Assets $2,760,678
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Chuck Pearsall (President) $0 $0 $0
John H Richardson (Secretary) $0 $0 $0
Michael Giangiordano (Treasurer) $0 $0 $0
Thomas J Kane (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on April 26, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$318,057
Expenses
$379,240
Net Income
-$61,183
Net Assets
$2,856,186
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $3,057
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $315,000
99.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,331,633
Total Liabilities $1,475,447
Net Assets $2,856,186
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Chuck Pearsall (President) $0 $0 $0
John H Richardson (Secretary) $0 $0 $0
Michael Giangiordano (Treasurer) $0 $0 $0
Thomas J Kane (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Oct. 14, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
PDF (2 of 3) PDF (3 of 3)

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$424,709
Expenses
$306,224
Net Income
$118,485
Net Assets
$2,917,371
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $4,709
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $420,000
98.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,500,541
Total Liabilities $1,583,170
Net Assets $2,917,371
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Chuck Pearsall (President) $0 $0 $0
Paul Borriello (Secretary) $0 $0 $0
Michael Giangiordano (Treasurer) $0 $0 $0
Thomas J Kane (Member) $0 $0 $0
John H Richardson (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 13, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
PDF (2 of 2)

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$423,477
Expenses
$329,501
Net Income
$93,976
Net Assets
$2,798,886
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $3,477
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $420,000
99.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,654,469
Total Liabilities $1,855,583
Net Assets $2,798,886
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Chuck Pearsall (President) $0 $0 $0
Paul Borriello (Secretary) $0 $0 $0
Michael Giangiordano (Treasurer) $0 $0 $0
Thomas J Kane (Member) $0 $0 $0
John H Richardson (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 13, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$425,194
Expenses
$331,554
Net Income
$93,640
Net Assets
$2,704,910
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $5,194
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $420,000
98.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,829,698
Total Liabilities $2,124,788
Net Assets $2,704,910

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$427,214
Expenses
$357,365
Net Income
$69,849
Net Assets
$2,611,270
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $7,214
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $420,000
98.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,984,086
Total Liabilities $2,372,816
Net Assets $2,611,270

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$551,592
Expenses
$349,495
Net Income
$202,097
Net Assets
$2,541,421
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $11,592
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $540,000
97.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,146,481
Total Liabilities $2,605,060
Net Assets $2,541,421

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Contact Us

About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated