brooklyn-prospect-charter-school-financial-statements-june-2024_23f.pdf
Charter Management Agreement Renewed with Prospect Schools Inc.
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Description
Brooklyn Prospect Charter School renewed its five-year charter management agreement with Prospect Schools, Inc., paying $8.79 million in management fees for the 2024 fiscal year for comprehensive administrative and support services. The contract runs through June 30, 2025.
Contract Details
Contract Amount
$8,793,151 (2024), $7,909,290 (2023)
Vendor
PROSPECT SCHOOLS INC
Agency
Brooklyn Prospect Charter School - Csd 15.2, NY
Contract Type
PROFESSIONAL_SERVICES
Document Date
June 30, 2024
Contract Term
Five-year agreement renewed through June 30, 2025
Renewal Date
2025-06-30
Renewal Info
Initial five-year contract starting July 1, 2018; renewed through June 30, 2025 per first amendment effective July 2022; payment structure based on school operating and facility revenues.
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