2025-04-07T12:50:59-05:00 2024-06-30 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS-16TH FL NEW YORK NY 10018 990 2023-07-01 562454573 HARLEM ACADEMY HARL 2123482600 655 ST NICHOLAS AVENUE NEW YORK NY 10030 VINCENT DOTOLI HEAD OF SCHOOL 2123482600 2025-04-07 1 0 MARQUS WHITE P00053187 2126857000 2025-04-02 2023 2025-03-06 01:10:19Z VINCENT DOTOLI 655 ST NICHOLAS AVENUE NEW YORK NY 10030 22939569 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. 24 23 48 300 0 0 5046676 7759719 487091 531200 12667 44699 0 0 5546434 8335618 75000 80000 0 0 2938843 3537724 0 0 736501 2364373 2683506 5378216 6301230 168218 2034388 42923413 45003724 1723414 1442223 41199999 43561501 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 5157900 80000 531200 COMMITMENT 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. HARLEM ACADEMY HAS CONTINUED TO INCREASE ENROLLMENT SINCE ITS MOVE TO A PERMANENT CAMPUS IN DECEMBER 2021. IN 2023-24, THE SCHOOL ADDED AN ADMISSIONS ENTRY POINT IN SIXTH GRADE, ALLOWING FOR THE DOUBLING OF ITS MIDDLE SCHOOL OVER THE NEXT TWO YEARS. THE SCHOOL SERVED 170 STUDENTS AND WILL BE EXPANDING TO THE SCHOOL'S FULL CAPACITY OF 204 STUDENTS 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. 93% OF HARLEM ACADEMY EIGHTH GRADERS FROM THE CLASS OF 2024 MATRICULATED AT COLLEGE-PREP SECONDARY SCHOOLS, 86% WITH FULL NEED SCHOLARSHIPS TO INDEPENDENT DAY AND BOARDING SCHOOLS, INCLUDING DALTON, KENT, LAWRENCEVILLE, SPENCE, AND TRINITY. COLLEGE SUCCESS. 100% OF HARLEM ACADEMY GRADUATES FROM THE CLASS OF 2020 ENROLLED IN FOUR-YEAR COLLEGES. STUDENTS MATRICULATED AT TOP COLLEGES AND UNIVERSITIES, INCLUDING BOSTON UNIVERSITY, NORTHEASTERN, ROCHESTER, SPELMAN, SYRACUSE, AND UNIVERSITY COLLEGE LONDON. PROVIDING A MODEL EDUCATION. HARLEM ACADEMY IS DEDICATED TO SHARING SUCCESSFUL STRATEGIES TO EXTEND ITS IMPACT BEYOND ITS WALLS. THE SCHOOL HAS PUBLISHED 11 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 THE TOP 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. 5157900 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 17 0 1 48 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 23 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 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 RICHARD A AXILROD TRUSTEE 5.00 X 0 0 0 VINCENT DOTOLI EX-OFFICIO/HEAD OF SCHOOL 40.00 X X 205172 0 6155 LEONARD SMITH FINANCE DIRECTOR 40.00 X 169630 0 5740 ERIC JAMES ASSISTANT HEAD OF SCHOOL/M 40.00 X 108924 0 16173 VANESSA SCANFELD STRATEGY DIRECTOR 40.00 X 139599 0 4188 KATHERINE STEINBACH DEVELOPMENT DIRECTOR 40.00 X 155625 0 16243 KRISTY CASTRO PRIMARY & ELEMENTARY SCHOOL DIRECTOR 40.00 X 105390 0 14811 KHALIAH ADAMS-JOSEPH ENROLLMENT DIRECTOR 40.00 X 117640 0 11145 1001980 0 74455 7 0 1 0 0 226993 7532726 1165228 7759719 PROGRAM INCOME AND FEES 611600 531200 531200 531200 35419 35419 14613231 14603951 9280 9280 9280 8335618 540480 0 35419 80000 80000 399666 157415 54667 187584 2547219 2175092 148063 224064 18148 18148 354415 301561 14476 38378 218276 185491 8899 23886 141172 37928 77966 25278 166503 166503 48837 48837 131033 131033 110794 105644 1604 3546 25074 25074 778963 763384 2596 12983 110764 103636 1787 5341 EDUCATION 440768 440768 FOOD 319179 319179 REPAIRS AND MAINTENANCE 259283 254097 865 4321 STAFF DEVELOPMENT 64371 35687 28684 86765 42148 44617 6301230 5157900 406829 736501 2125840 991625 2474985 3645866 2030171 2501657 15200 59697 186853 126606 34541472 2640215 32680220 31901257 3395550 5762422 14594 14594 42923413 45003724 288401 264723 95689 64975 1339324 1112525 1723414 1442223 X 37073260 37518371 4126739 6043130 41199999 43561501 42923413 45003724 2034388 327114 0 X 0 1 X 1 0 X 9458804 12546947 9924552 5046676 7759719 44736698 9458804 12546947 9924552 5046676 7759719 44736698 8103283 36633415 16975 8566 7121 12667 35419 80748 44817446 2195967 0.81740 0.73840 X SCHEDULE A, PART 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 2687536 2291298 154349 5133183 2600035 48233 39268 2687536 643522 1955282 1231 2600035 142992 500000 530 643522 142283 709 142992 1.00000 0 0 9855832 9855832 23958176 1914240 22043936 450103 450103 0 277361 275872 1489 31901257 X 8761105 327114 98373 425487 8335618 0 8335618 6399603 98373 98373 6301230 0 6301230 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, 2021 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 7 80000 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 205172 0 0 0 0 0 6155 0 0 0 211327 0 0 0 LEONARD SMITH FINANCE DIRECTOR 169630 0 0 0 0 0 5108 0 632 0 175370 0 0 0 KATHERINE STEINBACH DEVELOPMENT DIRECTOR 155625 0 0 0 0 0 4669 0 11574 0 171868 0 0 0 HARLEM ACADEMY FUNDING LLC TRUSTEE BUILDING X 1200000 636152 0 1 1 BENCHMARK EDUCATION COMPANY LLC TRUSTEE BUILDING X 600000 317582 0 1 1 RICHARD SCHAPS TRUSTEE BUILDING X 300000 158791 0 1 1 1112525 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 16 1165228 MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 A FAMILY RELATIONSHIP EXISTS AMONG TWO TRUSTEES. HILLARY THOMAS (DAUGHTER) AND RICHARD SCHAPS (FATHER) ARE RELATED. 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.