BETA

ZETA CHARTER SCHOOLS - NEW YORK CITY: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
ZETA CHARTER SCHOOLS - NEW YORK CITY (EIN 82-3452377)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-05-15
IRS object ID
202411369349319816
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-15T22:25:19-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN873231666PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PKF O'CONNOR DAVIES ADVISORY LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1245 PARK AVENUE 12TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10167ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN823452377EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ZETA CHARTER SCHOOLS - NEW YORK CITYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlZETABusinessNameControlTxt
Phone9173302296PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1425 WESTCHESTER AVENUEAddressLine1Txt
CityBRONXCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10455ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBRIAN ZIEDPersonNm
Person TitleMANAGING DIRECTOR OF FINANCEPersonTitleTxt
Phone9173302296PhoneNum
Signature2024-05-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstBRIANPersonFirstNm
Person LastZIEDPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGARRETT M HIGGINSPreparerPersonNm
PTINP00543209PTIN
Phone2122862600PhoneNum
Preparation2024-05-15PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKERI HOYTPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1425 WESTCHESTER AVENUEAddressLine1Txt
CityBRONXCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10455ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$51,996,750GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressZETASCHOOLS.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2018FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTO BUILD AND SUSTAIN HIGH-PERFORMING SCHOOLS THAT FORGE THRIVING COMMUNITIES OF LIFELONG LEARNERS, PROBLEM SOLVERS AND INNOVATORS.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee369TotalEmployeeCnt
Total Volunteers7TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$7,041,099PYContributionsGrantsAmt
CY Contributions Grants$5,225,065CYContributionsGrantsAmt
PY Program Service Revenue$32,276,605PYProgramServiceRevenueAmt
CY Program Service Revenue$46,757,820CYProgramServiceRevenueAmt
PY Investment Income$77PYInvestmentIncomeAmt
CY Investment Income$59CYInvestmentIncomeAmt
PY Other Revenue$3,555PYOtherRevenueAmt
CY Other Revenue$13,806CYOtherRevenueAmt
PY Total Revenue$39,321,336PYTotalRevenueAmt
CY Total Revenue$51,996,750CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$14,478,734PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$20,005,357CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$21,265,136PYOtherExpensesAmt
CY Other Expenses$29,315,302CYOtherExpensesAmt
PY Total Expenses$35,743,870PYTotalExpensesAmt
CY Total Expenses$49,320,659CYTotalExpensesAmt
PY Revenues Less Expenses$3,577,466PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,676,091CYRevenuesLessExpensesAmt
Total Assets BOY$28,156,705TotalAssetsBOYAmt
Total Assets EOY$228,988,582TotalAssetsEOYAmt
Total Liabilities BOY$19,589,824TotalLiabilitiesBOYAmt
Total Liabilities EOY$217,745,610TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$8,566,881NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$11,242,972NetAssetsOrFundBalancesEOYAmt
MissionTO BUILD AND SUSTAIN HIGH-PERFORMING SCHOOLS THAT FORGE THRIVING COMMUNITIES OF LIFELONG LEARNERS, PROBLEM SOLVERS AND INNOVATORS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$45,658,847ExpenseAmt
Grant$0GrantAmt
Revenue$46,757,820RevenueAmt
DescZETA CHARTER SCHOOLS NYC IS A NETWORK OF HIGH-PERFORMING SCHOOLS THAT FORGE THRIVING COMMUNITIES OF LIFELONG LEARNERS, PROBLEM SOLVERS, AND INNOVATORS.Desc
Total Program Service Expenses$45,658,847TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document127IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee369EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KERI HOYTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9173302296PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1425 WESTCHESTER AVENUEAddressLine1Txt
CityBRONXCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10455ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
KERI HOYT
CHAIRPERSON1.000.00Yes (X)Yes (X)$0$0$0
JENNY SEDLIS
CHAIRPERSON THRU MAR 20221.000.00Yes (X)Yes (X)$0$0$0
SHANNON KETE
VICE CHAIRPERSON1.000.00Yes (X)Yes (X)$0$0$0
NICOLE BRISBANE
SECRETARY1.000.00Yes (X)Yes (X)$0$0$0
MICHELE CARACAPPA
TRUSTEE1.000.00Yes (X)$0$0$0
KEN MCCLURE
TRUSTEE1.000.00Yes (X)$0$0$0
SAMARA PENN SAVARY
TRUSTEE THRU AUG 20221.000.00Yes (X)$0$0$0
ANA COLLADO
PRINCIPAL50.000.00Yes (X)$133,909$0$19,302
AMENATA MAGIRAGA
PRINCIPAL50.000.00Yes (X)$133,995$0$12,402
ANDREW NOE
PRINCIPAL50.000.00Yes (X)$102,483$0$10,511
NOREEN COOKE-COLEMAN
PRINCIPAL50.000.00Yes (X)$114,462$0$34,692
KIWANA YATES
PRINCIPAL50.000.00Yes (X)$99,408$0$20,881
KIMBERLEY SCHACHT
PRINCIPAL50.000.00Yes (X)$68,959$0$16,032
JUAN GOMEZ
OPERATIONS DIRECTOR THRU NOV 202250.000.00$103,217$0$11,531Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$756,433TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$125,351TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
ZETA CHARTER SCHOOLS INC
222 ALEXANDER AVENUEBRONXNY10454MANAGEMENT SERVICES$6,225,978
SCHOLASTIC TRANSPORTATION
431 NORTH COURTLAND STREETEAST STROUDSBURGPA18301TRANSPORTATION SERVICES$728,298
TENER CONTRACTING LLC
603 WARBURTON AVENUEHASTINGSONHUDSONNY10706REPAIRS AND MAINTENANCE SERVICES$592,716
REVOLUTION FOODS INC INC
PO BOX 92230LOS VEGASNV11236FOODS SERVICES$572,304
BUTTER BEANS INC
39-01 22ND STREETLONG ISLAND CITYNY11101FOODS SERVICES$434,858
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K9CntrctRcvdGreaterThan100KCnt
Government Grants$5,225,040GovernmentGrantsAmt
All Other Contributions$25AllOtherContributionsAmt
Noncash Contributions$109,591NoncashContributionsAmt
Total Contributions$5,225,065TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
GOV'T PER-PUPIL REV - GENERAL ED611000$30,858,177$30,858,177
GOV'T PER-PUPIL REV - FACILITIES611000$7,605,045$7,605,045
GOV'T PER-PUPIL REV - UPK611000$4,807,624$4,807,624
GOV'T PER-PUPIL REV - SPECIAL ED611000$3,255,813$3,255,813
AFTER SCHOOL FEES611000$231,161$231,161
FieldValueIRS element (for citing)
Total Program Service Revenue$46,757,820TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$59TotalRevenueColumnAmt
Exclusion$59ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescREBATESDesc
Business900099BusinessCd
Total Revenue Column$13,806TotalRevenueColumnAmt
Exclusion$13,806ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$13,806OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$51,996,750TotalRevenueColumnAmt
Related Or Exempt Func Income$46,757,820RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$13,865ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$846,630TotalAmt
Program Services$654,476ProgramServicesAmt
Management And General$192,154ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$15,806,888TotalAmt
Program Services$14,878,016ProgramServicesAmt
Management And General$928,872ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$338,817TotalAmt
Program Services$316,236ProgramServicesAmt
Management And General$22,581ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,797,095TotalAmt
Program Services$1,680,365ProgramServicesAmt
Management And General$116,730ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,215,927TotalAmt
Program Services$1,136,947ProgramServicesAmt
Management And General$78,980ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$6,225,979TotalAmt
Program Services$5,824,697ProgramServicesAmt
Management And General$401,282ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$302,780TotalAmt
Management And General$302,780ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$447,873TotalAmt
Program Services$418,558ProgramServicesAmt
Management And General$29,315ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,484,119TotalAmt
Program Services$1,456,596ProgramServicesAmt
Management And General$27,523ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$745,412TotalAmt
Program Services$556,679ProgramServicesAmt
Management And General$188,733ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,077,782TotalAmt
Program Services$1,029,086ProgramServicesAmt
Management And General$48,696ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$8,027,169TotalAmt
Program Services$7,424,328ProgramServicesAmt
Management And General$602,841ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$4,663,817TotalAmt
Program Services$4,375,307ProgramServicesAmt
Management And General$288,510ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$358,419TotalAmt
Program Services$358,419ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
CLASSROOM SUPPLIES$1,843,246$1,843,239$7
FOOD SERVICES$1,392,262$1,392,262
STUDENT SERVICES$1,266,458$1,266,458
STAFF DEVELOPMENT$847,939$793,393$54,546

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$632,047TotalAmt
Program Services$253,785ProgramServicesAmt
Management And General$378,262ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$49,320,659TotalAmt
Program Services$45,658,847ProgramServicesAmt
Management And General$3,661,812ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$7,658,372BOYAmt
EOY$11,099,972EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$300,277BOYAmt
EOY$300,336EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,453,635BOYAmt
EOY$2,112,641EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$280,118BOYAmt
EOY$386,672EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$175,136BOYAmt
EOY$126,880EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$4,860,795LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,617,521LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$17,247,851BOYAmt
EOY$2,243,274EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$41,316BOYAmt
EOY$212,718,807EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$28,156,705BOYAmt
EOY$228,988,582EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$2,137,183BOYAmt
EOY$1,887,862EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$244,570BOYAmt
EOY$169,561EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$227,083BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$16,980,988BOYAmt
EOY$215,688,187EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$19,589,824BOYAmt
EOY$217,745,610EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$8,566,881BOYAmt
EOY$11,242,972EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,566,881BOYAmt
EOY$11,242,972EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$28,156,705BOYAmt
EOY$228,988,582EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$2,676,091ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$881,778OtherCostOrOtherBasisAmt
Depreciation$553,025DepreciationAmt
Book Value$328,753BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,411,019OtherCostOrOtherBasisAmt
Depreciation$1,333,470DepreciationAmt
Book Value$1,077,549BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,567,998OtherCostOrOtherBasisAmt
Depreciation$731,026DepreciationAmt
Book Value$836,972BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$2,243,274TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDescBook ValueBookValueAmt
ROU ASSET FINANCE LEASE$194,371,880
SECURITY DEPOSITS$31,500
OPERATING ROU ASSET$18,315,427
FieldValueIRS element (for citing)
Total Book Value Other Assets$212,718,807TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
FINANCE LEASE LIABILITIES$196,819,371
DUE TO ZETA CHARTER SCHOOLS, INC.$526,002
OPERATING LEASE LIABILITY$18,342,814
FieldValueIRS element (for citing)
Total Liability$215,688,187TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$52,055,220TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$58,470DonatedServicesAndUseFcltsAmt
Revenue Not Reported$58,470RevenueNotReportedAmt
Revenue Subtotal$51,996,750RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$51,996,750TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$49,379,129TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$58,470DonatedServicesUseFcltsAmt
Expenses Not Reported$58,470ExpensesNotReportedAmt
Expenses Subtotal$49,320,659ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$49,320,659TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. ALL RETURNS FILED BY THE SCHOOL ARE SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING AUTHORITIES FOR YEARS PRIOR TO JUNE 30, 2020.ExplanationTxt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships Recs0MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3AS A PUBLIC SCHOOL, SUBJECT TO OPEN ENROLLMENT, THE CHARTER SCHOOL IS NOT SUBJECT TO THE SPECIFIC GUIDELINES SET FORTH IN REV. PROC. 75-50 AND AS MODIFIED BY REV. PROC. 2019-22. THE SCHOOL PUBLICIZED ITS RACIALLY NONDISCRIMINATION POLICY ON ITS LOTTERY APPLICATION AVAILABLE ON ITS WEBSITE."
SCHEDULE E, PART I, LINE 4THE SCHOOL IS A FREE PUBLIC SCHOOL AND DOES NOT AWARD SCHOLARSHIPS OR FINANCIAL ASSISTANCE.
SCHEDULE E, PART I, LINE 6THE SCHOOL RECEIVES PER-PUPIL FUNDING FROM THE NYC BOARD OF EDUCATION UNDER THEIR CHARTER AGREEMENT. THE SCHOOL ALSO RECEIVES VARIOUS FEDERAL AND STATE FUNDS INCLUDING FEDERAL ENTITLEMENTS TO ASSIST WITH COVERING THE COST OF CERTAIN PROGRAMS.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonANA COLLADOPersonNm
TitlePRINCIPALTitleTxt
Base Compensation Filing Org$122,781BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$11,128BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$4,118DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$15,184NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$153,211TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 7FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION AWARDED DISCRETIONARY BONUSES TO PERSONS LISTED ON PART VII OF THE 990, AND IS REPORTED IN PART II, COLUMN B(II).ExplanationTxt

Schedule M IRS990ScheduleM

Books And Publications BooksAndPublicationsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Noncash Contributions Rpt F990$109,591NoncashContributionsRptF990Amt
Method Of Determining RevenuesCOSTMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3THE ORGANIZATION CONTRACTED WITH A RELATED ORGANIZATION, ZETA CHARTER SCHOOLS, INC., TO PROVIDE EDUCATIONAL MANAGEMENT AND OPERATIONAL SERVICES. THE ORGANIZATION INCURRED $6,225,979 IN MANAGEMENT FEES TO ZETA CHARTER SCHOOLS, INC. DURING THE FISCAL YEAR.
FORM 990, PART VI, SECTION A, LINE 8BTHE ORGANIZATION HAD NO COMMITTEES IN PLACE IN FISCAL YEAR 2023.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE CHAIR AND TREASURER. AFTER ANY REQUIRED CHANGES ARE MADE, A FINAL VERSION IS DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CPRIOR TO ELECTION TO THE BOARD, OR EMPLOYMENT AT THE ORGANIZATION, AND THEREAFTER ON AN ANNUAL BASIS, ALL DIRECTORS, OFFICERS, AND SENIOR MANAGEMENT MEMBERS COMPLETE A STATEMENT TO DISCLOSE ANY POTENTIAL OR APPARENT CONFLICTS OF INTEREST. THE STATEMENTS ARE REVIEWED BY THE BOARD SECRETARY WHO PROVIDES THEM TO THE BOARD CHAIR. COVERED PERSONS ARE ALSO UNDER A CONTINUING OBLIGATION TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS AS SOON AS THEY ARE KNOWN, OR REASONABLY SHOULD BE KNOWN. DISCLOSURES ARE MADE IN ADVANCE, BEFORE ANY ACTION IS TAKEN ON THE MATTER THAT POSES AN ACTUAL OR POTENTIAL CONFLICT. ALL DISCLOSURES ARE BROUGHT TO THE ATTENTION OF THE BOARD CHAIR AND SECRETARY, UNLESS EITHER IS THE INDIVIDUAL WITH A POTENTIAL CONFLICT. PERSONS WITH A POTENTIAL OR ACTUAL CONFLICT RECUSE THEMSELVES FROM (1) ENGAGING IN DISCUSSIONS AND (2) RECEIVING INFORMATION RELATED TO THE CONFLICT SITUATION, UNLESS A MAJORITY OF DISINTERESTED DIRECTORS APPROVE THEIR PRESENCE, INVOLVEMENT, AND/OR PARTICIPATION. IN THE EVENT A CONFLICT IS DETERMINED, THE INTERESTED BOARD MEMBER IS RECUSED FROM VOTING UPON THE RELATED MATTER.
FORM 990, PART VI, SECTION B, LINE 15AN ANNUAL MEETING IS HELD BY THE BOARD TO REVIEW PERFORMANCE, DETERMINE, AND APPROVE COMPENSATION FOR ALL PRINCIPALS AND OPERATIONS DIRECTORS FOR THE FOLLOWING YEAR. THIS PROCESS HAPPENS ANNUALLY, USING COMPARABILITY DATA FROM NEW YORK CITY PUBLIC SCHOOLS, AND IS DOCUMENTED IN THE ORGANIZATION'S BOARD MINUTES. THE PROCESS WAS LAST CONDUCTED IN 2023.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION'S FORM 990 AND THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE FORM 990 IS POSTED ON THE ORGANIZATION'S WEBSITE. IN ADDITION, THE CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY.
FORM 990, PART XII, LINE 2CTHE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.