2024-05-10T15:06:27-05:00 2023-06-30 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS 16TH FLOOR NEW YORK NY 10018 990 2022-07-01 562454573 HARLEM ACADEMY HARL 2123482600 655 ST NICHOLAS AVENUE NEW YORK NY 10030 VINCENT DOTOLI HEAD OF SCHOOL 2123482600 2024-05-10 1 VINCENT DOTOLI 999009999 0 MIKE SCHALL P02024184 2122682804 2024-05-10 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z VINCENT DOTOLI 655 ST NICHOLAS AVENUE NEW YORK NY 10030 5546434 0 X WWW.HARLEMACADEMY.ORG X 2004 NY HARLEM ACADEMY DRIVES EQUITY OF OPPORTUNITY FOR PROMISING CHILDREN (GRADES K-8), GUIDING THEM TO THRIVE AT THE HIGHEST ACADEMIC LEVELS AND ONE DAY MAKE A MARK ON THE WORLD. 26 25 50 300 0 0 9924552 5046676 391101 487091 7121 12667 0 0 10322774 5546434 57500 75000 0 0 2692895 2938843 0 0 652895 1743569 2364373 4493964 5378216 5828810 168218 43474797 42923413 2586730 1723414 40888067 41199999 X HARLEM ACADEMY DRIVES EQUITY OF OPPORTUNITY FOR PROMISING CHILDREN, GUIDING THEM TO THRIVE AT THE HIGHEST ACADEMIC LEVELS AND ONE DAY MAKE A MARK ON THE WORLD. 0 0 4317877 75000 487091 SEE SCHEDULE OCOMMITMENT TO LOW-INCOME CHILDREN. HARLEM ACADEMY PROVIDES A FULL-NEED SCHOLARSHIP TO EVERY ATTENDING STUDENT. THE SCHOOL IS COMMITTED TO A MERITOCRACY WHERE HARD WORK DRIVES THE OPPORTUNITY TO REALIZE POTENTIAL AND WHERE NO FAMILY IS TURNED AWAY FOR AN INABILITY TO PAY. EXPANDED IMPACT. SINCE 2020, HARLEM ACADEMY HAS MOVED INTO A PERMANENT CAMPUS AND INCREASED ENROLLMENT, INCLUDING THE ADDITION OF A KINDERGARTEN CLASS IN 2022-23. THE SCHOOL SERVED 130 STUDENTS THIS YEAR AND WILL BE ADDING 70 NEW STUDENTS OVER THE NEXT THREE YEARS TOWARD THE GOAL OF DOUBLING THE SIZE OF THE GRADUATING CLASS BY 2026. TRANSFORMATIONAL GROWTH. HARLEM ACADEMY ADMITS PROMISING CHILDREN AND SUPPORTS THEM IN CULTIVATING THEIR TALENTS. STUDENTS GAIN A TREMENDOUS 14 POINTS DURING THEIR TIME AT HARLEM ACADEMY, ENTERING WITH BASELINE SCORES AT THE 74TH PERCENTILE AND GRADUATING AT THE 88TH PERCENTILE. NATIONALLY, A PROMISING, LOW-INCOME STUDENT STARTING FIRST GRADE AT THE 72ND PERCENTILE (A SIMILAR PROFILE TO OUR STUDENTS) WILL LOSE 13 POINTS BY EIGHTH GRADE, DROPPING TO THE 59TH PERCENTILE. SECONDARY SCHOOL SUCCESS. 100% OF HARLEM ACADEMY EIGHTH GRADERS MATRICULATED AT COLLEGE-PREP SECONDARY SCHOOLS. MORE THAN 90% MOVED ON TO INDEPENDENT DAY AND BOARDING SCHOOLS WITH FULL-NEED SCHOLARSHIPS, INCLUDING DALTON, FIELDSTON, GREENWICH COUNTRY DAY, HORACE MANN, AND KENT. COLLEGE SUCCESS. OVER THE PAST FOUR YEARS, 98% OF HARLEM ACADEMY GRADUATES ENROLLED IN FOUR-YEAR COLLEGES, COMPARED TO THE NATIONAL AVERAGE OF 51%. OUR GRADUATES FROM THE CLASS OF 2019 MATRICULATED AT TOP COLLEGES AND UNIVERSITIES, INCLUDING BOSTON UNIVERSITY, GEORGE WASHINGTON, HOLY CROSS, HOWARD, NEW YORK UNIVERSITY, OBERLIN, AND STANFORD. PROVIDING A MODEL EDUCATION. HARLEM ACADEMY IS DEDICATED TO SHARING SUCCESSFUL STRATEGIES TO EXTEND ITS IMPACT BEYOND ITS WALLS. THE SCHOOL HAS PUBLISHED 10 ARTICLES IN LEADING EDUCATION JOURNALS AND OTHER NATIONAL OUTLETS, REACHING HUNDREDS OF THOUSANDS OF EDUCATORS AND SCHOOL LEADERS AS WELL AS POLICYMAKERS. TOP RATING FROM GUIDESTAR AND CHARITY NAVIGATOR. HARLEM ACADEMY RECEIVED A FOUR-STAR RATING FROM CHARITY NAVIGATOR FOR FINANCIAL MANAGEMENT, ACCOUNTABILITY, AND TRANSPARENCY, AS WELL AS GUIDESTAR'S PLATINUM SEAL OF TRANSPARENCY, HIGHLIGHTING THE SCHOOL'S CONTINUED COMMITMENT TO USE GIFTS EFFECTIVELY TOWARD ADVANCING THE MISSION. 4317877 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 22 0 1 50 1 0 0 0 0 0 0 0 0 0 0 0 0 X 26 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X LEONARD SMITH 2123482600 655 ST NICHOLAS AVENUE NEW YORK NY 10030 DAVID B PETERSON CHAIRMAN 20.00 X X 0 0 0 CAROL KENNEY TREASURER 5.00 X X 0 0 0 RODNEY POPE SECRETARY 5.00 X X 0 0 0 W GRAHAM COLE JR TRUSTEE 5.00 X 0 0 0 WILL COOK TRUSTEE 5.00 X 0 0 0 JOSHUA EASTERLY TRUSTEE 5.00 X 0 0 0 TY ELIE TRUSTEE 5.00 X 0 0 0 MARY GANZENMULLER TRUSTEE 5.00 X 0 0 0 ROB HARTEVELDT TRUSTEE 5.00 X 0 0 0 VALARIE HING TRUSTEE 5.00 X 0 0 0 TONY ASNES TRUSTEE 5.00 X 0 0 0 THOMAS KLEIN TRUSTEE 5.00 X 0 0 0 ANN MACRAE TRUSTEE 5.00 X 0 0 0 ELIZABETH MCHENRY TRUSTEE 5.00 X 0 0 0 BETSY MICHEL TRUSTEE 5.00 X 0 0 0 AVI BANYASZ TRUSTEE 5.00 X 0 0 0 HANK PRYBYLSKI TRUSTEE 5.00 X 0 0 0 TOM REYCRAFT TRUSTEE 5.00 X 0 0 0 RICHARD SCHAPS TRUSTEE 5.00 X 0 0 0 HILLARY THOMAS TRUSTEE 5.00 X 0 0 0 MELISSA THOMAS-HUNT TRUSTEE 5.00 X 0 0 0 ALAN WASHINGTON TRUSTEE 5.00 X 0 0 0 JOHN BELIZAIRE TRUSTEE 5.00 X 0 0 0 DOUG GRIEBEL TRUSTEE 5.00 X 0 0 0 H DALE HEMMERDINGER TRUSTEE 5.00 X 0 0 0 VINCENT DOTOLI EX-OFFICIO/HEAD OF SCHOOL 40.00 X X 207227 0 6144 LEONARD SMITH FINANCE DIRECTOR 40.00 X 163086 0 5534 VANESSA SCANFELD STRATEGY DIRECTOR 40.00 X 134401 0 4023 KATHERINE STEINBACH DEVELOPMENT DIRECTOR 40.00 X 134675 0 13476 639389 0 29177 4 0 1 0 0 151081 4895595 443563 5046676 PROGRAM INCOME AND FEE 611600 487091 487091 487091 12667 12667 5546434 487091 0 12667 75000 75000 384521 153034 178463 53024 2138982 1780859 28662 329461 15269 13050 2219 213846 172847 10393 30606 186225 150215 9436 26574 92887 27643 62554 2690 132922 16318 116604 69289 69289 35710 35710 97579 92394 1438 3747 36792 36792 773506 758036 2578 12892 104284 96223 2591 5470 EDUCATION 369333 369333 REPAIRS AND MAINTENANCE 243548 238677 812 4059 FOOD 210312 210312 OTHER EXPENSE 73248 25802 33302 14144 124963 33135 40423 51405 5378216 4317877 407444 652895 2271214 2125840 4971883 2474985 2467331 2030171 36149 15200 77421 186853 34541471 1861251 33443136 32680220 167267 3395550 40396 14594 43474797 42923413 445952 288401 40778 95689 2100000 1339324 2586730 1723414 X 36129711 37073260 4758356 4126739 40888067 41199999 43474797 42923413 168218 143714 0 X X 0 1 X 1 0 X 4326798 9458804 12546947 9924552 5046676 41303777 4326798 9458804 12546947 9924552 5046676 41303777 10760940 30542837 11929 16975 8566 7121 12667 57258 41361035 2062024 0.73840 X SCHEDULE A, PT I THE IRS DETEREMINED THAT HARLEM ACADEMY'S PUBLIC CHARITY STATUS IS A SCHOOL UNDER IRC 170(B)(1)(A)(II). HOWEVER, DUE TO THE SUBSTANTIAL AMOUNT OF PUBLIC SUPPORT THAT THE ORGANIZATION RECEIVES, THE SCHOOL ALSO QUALIFIES AS A PUBLIC CHARITY UNDER IRC 170(B)(1)(A)(VI). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2600035 48233 39268 2687536 643522 1955282 1231 2600035 142992 500000 530 643522 142283 709 142992 141575 708 142283 1.00000 0 0 9855832 9855832 23958176 1144202 22813974 450103 450103 0 277360 266946 10414 32680220 X 5745995 143714 55847 199561 5546434 0 5546434 5434063 55847 55847 5378216 0 5378216 PART V, LINE 4: ALL DONOR RESTRICTED ENDOWMENT CONTRIBUTIONS ARE TO BE HELD IN PERPETUITY. THE EARNINGS ON THIS ENDOWMENT ARE TO BE USED TO FURTHER THE ACADEMY'S MISSION. PART X, LINE 2: THE ACADEMY DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL UNCERTAIN TAX POSITIONS. TAX FILINGS FOR PERIODS ENDING JUNE 30, 2020 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 OUR NONDISCRIMINATORY POLICY IS PUBLISHED ON ALL ADMISSIONS MATERIALS DISTRIBUTED TO THE GENERAL COMMUNITY, IN ADDITION TO SPECIFIC FAMILY INQUIRIES. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES FUNDING FROM TWO NEW YORK AGENCIES. THESE FUNDS ARE USED TO PROVIDE FOOD TO STUDENTS AND SUPPORT OTHER ACTIVITES OF THE SCHOOL. 1 ALUMNI SCHOLARSHIPS 6 75000 PART I, LINE 2: SCHOLARSHIPS AND EMERGENCY GRANTS ARE PROVIDED TO FORMER AND CURRENT STUDENTS THROUGH AN APPLICATION PROCESS. X X X 0 0 0 0 0 0 0 0 0 VINCENT DOTOLI EX-OFFICIO/HEAD OF SCHOOL 207227 0 0 0 0 0 6144 0 0 0 213371 0 0 0 LEONARD SMITH FINANCE DIRECTOR 163086 0 0 0 0 0 4902 0 632 0 168620 0 0 0 HARLEM ACADEMY FUNDING LLC TRUSTEE BUILDING X 1200000 765654 0 1 1 BENCHMARK EDUCATION COMPANY LLC TRUSTEE BUILDING X 600000 382447 0 1 1 RICHARD SCHAPS TRUSTEE BUILDING X 300000 191223 0 1 1 1339324 PART II - LOANS FROM INTERESTED PERSONS DAVID B. PETERSON, BOARD MEMBER, OWNS HARLEM ACADEMY FUNDING, LLC.THOMAS REYCRAFT, BOARD MEMBER, OWNS BENCHMARK EDUCATION COMPANY, LLC X 9 443563 MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 FATHER-DAUGHTER RELATIONSHIP EXISTS AMONG TWO TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT 990, WHICH IS PREPARED BY THE AUDITORS, IS FIRST REVIEWED BY THE FINANCE DIRECTOR BEFORE BEING PRESENTED FOR REVIEW TO THE AUDIT COMMITTEE. ANY EDITS RESULTING FROM COMMITTEE REVIEW ARE MADE AND THE DRAFT IS PRESENTED TO THE ENTIRE BOARD FOR FINAL REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A BOARD APPROVED CONFLICTS OF INTEREST POLICY. PRIOR TO APPOINTMENT OR HIRING, EACH BOARD MEMBER, SENIOR STAFF MEMBER, AND OTHER BOARD COMMITTEE MEMBER MUST SIGN A DECLARATION STATEMENT AFFIRMING THEY HAVE (1) RECEIVED A COPY OF THE POLICY, (2) READ AND UNDERSTAND THE POLICY, AND (3) AGREE TO COMPLY WITH THE POLICY. EACH YEAR, THEY SIGN AN ANNUAL DECLARATION STATING THEY WERE IN COMPLIANCE OF SUCH POLICY FOR THE PRECEDING YEAR AND AGREE TO COMPLY WITH THE POLICY FOR THE UPCOMING YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD DETERMINES AND VOTES ON THE HEAD OF SCHOOL'S AND THE REST OF THE LEADERSHIP TEAM'S COMPENSATION PACKAGE BASED OFF THE COMBINATION OF MARKET RESEARCH, FINANCIAL HEALTH OF THE ORGANIZATION, AND EVALUATION OF INDIVIDUAL PERFORMANCE. THIS PROCESS OCCURS DURING THE FALL BOARD MEETING AND THE FINAL COMPENSATION PACKAGE IS COMMUNICATED TO THE FINANCE DIRECTOR BY THE FINANCE COMMITTEE TO BE EFFECTIVE IMMEDIATELY, AND RETROACTIVE BACK TO THE BEGINNING OF THE CURRENT EMPLOYEE CONTRACT PERIOD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS AND INFORMATION ARE MADE AVAILABLE TO THE PUBLIC THROUGH OUR WEBSITE, AS WELL AS NONPROFIT WEBSITES SUCH AS GUIDESTAR AND CHARITY NAVIGATOR. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES FROM THE PRIOR YEAR.