Better Business Bureau Report for
YES Prep Public Schools, Inc.

Better Business Bureau Report issued June 2012
Better Business Bureau Report expires June 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: YES Prep Public Schools, Inc.
Address: 6201 Bonhomme, Suite 168-N
  Houston, TX 77036
Phone: 713-967-9000
Web Address: http://yesprep.org/
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Better Business Bureau Comments

Year, State Incorporated: 1998, Texas
Affiliates: None
Stated Purpose: YES Prep Public Schools exists to dramatically increase the number of low-income Houstonians who graduate from four-year colleges prepared to compete in the global marketplace and give back to their communities.

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Evaluation Conclusions

               

YES Prep Public Schools, Inc. meets the 20 Standards for Charity Accountability.
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Programs

               

YES Prep served approximately 4,250 Houston area low-income students in 2011 while achieving "exemplary" status from the Texas Education Agency. Yes Prep receives 76% of its funding from state and local agencies and the rest is locally fund-raised. YES Prep prepares low-income youth to enter a four year college or university by implementing an innovative and rigorous academic program which also emphasizes community service.

For the fiscal year ended August 31, 2011, YES Prep Public Schools, Inc.'s program expenses were:

  
Total: 41,474,029
Total Program Expenses: $41,474,029
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Governance

               

Chief Executive : Jason Bernal, President
Compensation*: 
 $176,792

Chair of the Board: Joseph Greenberg
Chair's Profession / Business Affiliation: Alta Resources, President

Board Size: 20

Paid Staff Size: 581

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals, internet
Fund raising costs were 2% of related contributions. (Related contributions, which totaled $43,787,933, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on YES Prep Public Schools, Inc.'s audited financial statements for the fiscal year ended August 31, 2011.

Source of Funds  
Foundation school program act revenue 34,863,178
Other revenues from local support 7,380,297
Facility project donations & bond income 6,033,465
Federal revenues distributed by Texas Education Agency 5,244,450
Cocurricular, enterprising services 2,416,972
Federal revenues distributed by Department of Education 1,131,080
State program revenues distributed by Texas Education Agency 413,378
Total Income $57,482,820


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Uses of Funds as a % of Total Expenses

Programs: 86%  Fund Raising: 2%  Administrative: 12% 

Total income $57,482,820
Program expenses $41,474,029
Fund raising expenses 874,573
Administrative expenses 5,886,076
Total expenses $48,234,678
Income in Excess of Expenses 9,248,142
Beginning net assets 26,332,086
Ending net assets 49,211,896
Total liabilities 48,843,892
Total assets $98,055,788


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Complaints

               

The BBB has processed no complaints about this organization in the past 36 months, our standard reporting period.

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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