Preparatory Foundation Inc
Only null% goes to programs Strong reserves
Preparatory Foundation Inc is a 501(c)(3) organization based in Hyde Park, Massachusetts, registered in 2003, with $4,524,513 in FY2024 revenue. CharityIndex grades it B.
885 River St, Hyde Park, MA, 02136 EIN 11-3690799 Since 2003
Revenue (FY2024)
$4.5M
▲ 40.6% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$2.6M
Net assets
$14.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Preparatory Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating67 mo reserves · +43% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Preparatory Foundation Inc: 67 mo reserves · +43% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Preparatory Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Preparatory Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 885 River St, Hyde Park, MA, 02136
- City
- Hyde Park
- State
- Massachusetts
- Subcategory
- Public Foundations
- Website
- …
Financial trends
Revenue grew from $478K (FY2013) to $4.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $48.4MNet assets $14.3M
Operating margin
43.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$62.8M
Total liabilities
$48.4M
Net assets
$14.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $4,524,513▲40.6% | $2,561,256▼12.6% | $14,311,861▲12.5% | $62,755,042▼0.6% | 990 |
| 2023 | $3,218,350▼25.3% | $2,930,340▼22.6% | $12,717,907▲3.1% | $63,110,285▼2.5% | 990 |
| 2022 | $4,309,510▼1.8% | $3,788,117▼0.4% | $12,330,302▲12.0% | $64,701,277▼0.7% | 990 |
| 2021 | $4,386,589▲22.0% | $3,805,240▼1.8% | $11,005,844▲16.7% | $65,188,971▲63.5% | 990 |
| 2020 | $3,595,324▲17.1% | $3,874,372▼9.3% | $9,430,151▲9.1% | $39,866,079▼2.1% | 990 |
| 2019 | $3,070,680▼8.6% | $4,272,988▲10.5% | $8,644,192▼23.1% | $40,714,953▼4.2% | 990 |
| 2018 | $3,361,119▼28.5% | $3,865,594▲60.8% | $11,241,078▼13.9% | $42,493,207▲7.4% | 990 |
| 2017 | $4,702,735▲40.7% | $2,403,547▲170% | $13,057,549▲28.9% | $39,560,722▲39.3% | 990 |
| 2016 | $3,342,527▲193% | $889,951▲27.9% | $10,131,811▲48.8% | $28,393,640▲101% | 990 |
| 2015 | $1,142,456▼81.2% | $695,556▲72.1% | $6,810,076▼5.6% | $14,110,265▲87.2% | 990 |
| 2014 | $6,075,501▲1171% | $404,066▲40.0% | $7,215,659▲367% | $7,538,251▲332% | 990 |
| 2013 | $478,023 | $288,656▼22.0% | $1,544,224▲14.0% | $1,744,731▲11.8% | 990 |
| 2012 | — | $370,190▲49.1% | $1,354,857▲4.1% | $1,560,649▲19.9% | 990 |
| 2011 | — | $248,300▲0.5% | $1,301,987▲13.6% | $1,301,987▲13.6% | 990 |
| 2010 | — | $247,181▲59.4% | $1,146,545▲19.3% | $1,146,545▲19.3% | 990 |
| 2009 | — | $155,106 | $961,097 | $961,097 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $5.5M total
61 grants to Preparatory Foundation Inc totaling $5.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $105,650 |
| Boston Foundation Inc | Operating support/annual fund | 2023 | $83,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $294,150 |
| Boston Foundation Inc | Operating support/annual fund | 2022 | $189,250 |
| Nellie Mae Education Foundation Inc | Young man with a plan goes to 8th grade | 2022 | $20,000 |
| The Blackbaud Giving Fund | General support | 2022 | $20,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2022 | $12,400 |
| National Philanthropic Tr | Education | 2022 | $11,000 |
| Combined Jewish Philanthropies of Greater Boston Inc | Daf - education | 2022 | $10,000 |
| American Endowment Foundation | Philanthropy | 2022 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $367,850 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $367,850 |
| Boston Foundation Inc | Operating support/annual fund | 2021 | $151,000 |
| Boston Foundation Inc | Youth development | 2021 | $50,000 |
| Tntp Inc | To support the development of an implementation plan that outlines the goals, priorities, actions and owners for the areas of focus coming out of the talent landscape analysis conducted by tntp in sy21-22 | 2021 | $25,000 |
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Frequently asked questions
- Is Preparatory Foundation Inc a legitimate nonprofit?
- Yes. Preparatory Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 11-3690799, based in Hyde Park, Massachusetts. Donations are tax-deductible.
- What is Preparatory Foundation Inc's EIN?
- Preparatory Foundation Inc's Employer Identification Number (EIN) is 11-3690799.
- How much revenue does Preparatory Foundation Inc report?
- Preparatory Foundation Inc reported $4,524,513 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Preparatory Foundation Inc have?
- CharityIndex grades Preparatory Foundation Inc B, based on financial health (reserves and operating margin).
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Data for Preparatory Foundation Inc (EIN 11-3690799) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.