Coney Island Prep Company Profile

Background

Mission and Vision

Coney Island Preparatory Public Charter School (Coney Island Prep) is dedicated to equipping students with the academic skills and character necessary for success in selective colleges, universities, and their chosen careers. The institution emphasizes a rigorous academic program within a supportive and structured community.

History and Growth

Established in August 2009, Coney Island Prep began with a cohort of 90 fifth-grade students in a modest setting at the Carey Gardens Community Center on Surf Avenue. Over the years, it has expanded to serve over 1,300 scholars across four campuses, with plans to grow to more than 1,500 scholars. Notably, 100% of its high school seniors have consistently achieved college acceptance.

Key Strategic Focus

Academic Excellence

Coney Island Prep offers a comprehensive K-12 education, emphasizing Advanced Placement (AP) courses and college readiness programs. The high school curriculum includes seven AP courses: Calculus AB, Biology, English Language & Composition, English Literature & Composition, Government & Politics, Studio Art, and U.S. History.

Holistic Development

Beyond academics, the school fosters character development through extracurricular activities, leadership programs, and study abroad opportunities in countries such as China, France, Vietnam, Mexico, Japan, Ecuador, Morocco, Italy, Jordan, and Spain.

Community Engagement

Serving diverse Brooklyn neighborhoods, including Gravesend, Bath Beach, Bensonhurst, and others, Coney Island Prep is committed to creating a safe, nurturing environment that recognizes and supports each scholar.

Financials and Funding

Revenue and Expenses

For the fiscal year ending June 2023, Coney Island Prep reported revenues of $32,665,847 and expenses of $32,584,616, resulting in a net income of $81,231. The organization's net assets stood at $14,658,451.

Funding Sources

The school's revenue comprises contributions ($4,469,907, 13.7% of total revenue) and program services ($27,942,723, 85.5%).

Notable Grants

In 2021, Coney Island Prep became a Robin Hood Power Fund partner, receiving management assistance grants totaling $105,000 for communications planning and staff recruitment. Additionally, a $3.5 million donation from MacKenzie Scott significantly bolstered the school's financial resources.

Leadership Team

Leslie-Bernard Joseph: Chief Executive Officer

Karen Johnson: Chief Operating Officer

Eldridge Gilbert III: Chief Schools Officer

Ashley Weech: Chief Operating Officer

Hallan Hanson: Chief Development Officer

Ross Thomason: Chief People Officer

These leaders bring diverse experiences in education management, operations, and development, contributing to the school's growth and success.

Competitor Profile

Market Insights and Dynamics

The charter school sector in New York City is competitive, with numerous institutions striving to provide quality education. Coney Island Prep distinguishes itself through its comprehensive K-12 continuum and commitment to college readiness.

Competitor Analysis

Key competitors include:

Success Academy Charter Schools: A large network offering rigorous curricula and high student performance metrics.

Achievement First: Focuses on academic excellence and character development across multiple campuses.

KIPP NYC: Part of a national network emphasizing college preparation and character growth.

These institutions share similar goals but differ in size, teaching methodologies, and community engagement strategies.

Strategic Collaborations and Partnerships

Coney Island Prep's partnership with Robin Hood has been instrumental in enhancing its operational capacity and financial stability. The management assistance provided has led to improved staff recruitment, retention, and increased revenues.

Operational Insights

The school's strategic focus on a K-12 continuum allows for consistent academic and character development. Its commitment to serving diverse communities and providing comprehensive support systems offers a competitive advantage in the charter school landscape.

Strategic Opportunities and Future Directions

With plans to expand enrollment to over 1,500 scholars, Coney Island Prep aims to strengthen its academic programs, enhance extracurricular offerings, and deepen community engagement. Leveraging recent financial contributions and partnerships, the school is well-positioned to achieve these objectives.