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Friends of Cpcsny Inc

EIN 92-0676341 · Bridgeport, CT

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak49 out of 100GovernanceGood82 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

FRIENDS OF CPCSNY, INC. HAS BEEN CREATED TO EXCLUSIVELY SUPPORT THE OPERATION OF CAPITAL PREP CHARTER SCHOOLS NY(THE EDUCATION CORPORATION) AND THE SCHOOLS IT MANAGES, CAPITAL PREPARATORY HARLEM CHARTER SCHOOL AND CAPITAL PREPARATORY BRONX CHARTER SCHOOL(TOGETHER, THE SCHOOLS) IN NEW YORK STATE, BY PROVIDING ASSISTANCE WITH THE SCHOOLS' FACILITIES AND REAL ESTATE RELATED NEEDS, THAT WILL ENABLE THE SCHOOLS TO BEST SERVE THE NEEDS OF THEIR STUDENTS. THE ORGANIZATION AS DIRECTED BY ITS BOARD WILL SPEND ALL OF ITS TIME AND ITS ENTIRE BUDGET ON THE AFOREMENTIONED ACTIVITIES ALL OF WHICH WILL TAKE PLACE AT THE SCHOOLS' PREMISES, WHERE THE ORGANIZATION'S BOARD WORKS, OR RESIDES.

Income
$6.4 million
Spending
$5.2 million
Spent on programs
97%
Reserves
2.3 months of spending
Largest source of income
fees for its services, 100%
Employees
0
Volunteers
3

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 49 out of 100. Higher than 15% of charities in its peer group (religion, $1m to $10m).

  • Reserves

    10 of 35

    Spendable reserves would cover 2.3 months of spending.

  • Debt

    2 of 20

    It owes 98% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 19% of income.

  • Spending floor

    15 of 15

    97% of spending went to programs.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 82 out of 100. Higher than 61% of charities in its peer group (religion, $1m to $10m).

  • Independent board

    18 of 25

    3 of 3 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $5.0 million spent. THE ORGANIZATION IS IN THE MIDDLE OF A CAPITAL PROJECT FOR CP BRONX AND PROVIDES ASSISTANCE WITH FACILITY ASSISTANCE WITH CAPITAL PREP CHARTER SCHOOLS NY.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.