BETA

ZETA CHARTER SCHOOLS - NEW YORK CITY: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
ZETA CHARTER SCHOOLS - NEW YORK CITY (EIN 82-3452377)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-05-15
IRS object ID
202521359349318507
Schema version
2023v6.0
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)
Return2025-05-15T21:04:55-05:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN331374517PreparerFirmEIN

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 Line1300 TICE BOULEVARD SUITE 315AddressLine1Txt
CityWOODCLIFF LAKECityNm
State AbbreviationNJStateAbbreviationCd
ZIP07677ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

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 TitleCHIEF FINANCIAL OFFICERPersonTitleTxt
Phone9173302296PhoneNum
Signature2025-05-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSACHA RICHARDSPreparerPersonNm
PTINP01378509PTIN
Phone2017129800PhoneNum
Preparation2025-05-14PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

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$73,499,796GrossReceiptsAmt
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 Employee470TotalEmployeeCnt
Total Volunteers5TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$5,225,065PYContributionsGrantsAmt
CY Contributions Grants$6,695,265CYContributionsGrantsAmt
PY Program Service Revenue$46,757,820PYProgramServiceRevenueAmt
CY Program Service Revenue$66,187,877CYProgramServiceRevenueAmt
PY Investment Income$59PYInvestmentIncomeAmt
CY Investment Income$608,538CYInvestmentIncomeAmt
PY Other Revenue$13,806PYOtherRevenueAmt
CY Other Revenue$8,116CYOtherRevenueAmt
PY Total Revenue$51,996,750PYTotalRevenueAmt
CY Total Revenue$73,499,796CYTotalRevenueAmt
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$20,005,357PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$27,471,620CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$29,315,302PYOtherExpensesAmt
CY Other Expenses$39,565,896CYOtherExpensesAmt
PY Total Expenses$49,320,659PYTotalExpensesAmt
CY Total Expenses$67,037,516CYTotalExpensesAmt
PY Revenues Less Expenses$2,676,091PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$6,462,280CYRevenuesLessExpensesAmt
Total Assets BOY$228,988,582TotalAssetsBOYAmt
Total Assets EOY$284,568,342TotalAssetsEOYAmt
Total Liabilities BOY$217,745,610TotalLiabilitiesBOYAmt
Total Liabilities EOY$267,140,992TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$11,242,972NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$17,427,350NetAssetsOrFundBalancesEOYAmt
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$62,628,070ExpenseAmt
Grant$0GrantAmt
Revenue$66,187,877RevenueAmt
DescZETA CHARTER SCHOOLS NYC IS A NETWORK OF HIGH-PERFORMING SCHOOLS THAT FORGE THRIVING COMMUNITIES OF LIFELONG LEARNERS, PROBLEM SOLVERS, AND INNOVATORS. THE SCHOOLS PROVIDED EDUCATION TO APPROXIMATELY 2,371 STUDENTS ENROLLED IN KINDERGARTEN THROUGH SIXTH GRADE AND 363 STUDENTS ENROLLED IN PRE-KINDERGARTEN FOR THE 2023-2024 ACADEMIC YEAR.Desc
Total Program Service Expenses$62,628,070TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
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 Document61IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee470EmployeeCnt
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 Body0Form990ProvidedToGvrnBodyInd
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 (16 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
KERI HOYT
CHAIRPERSON1.00Yes (X)Yes (X)$0$0$0
SHANNON KETE
VICE CHAIRPERSON1.00Yes (X)Yes (X)$0$0$0
NICOLE BRISBANE
SECRETARY1.00Yes (X)Yes (X)$0$0$0
MICHELE CARACAPPA
TRUSTEE1.00Yes (X)$0$0$0
KEN MCCLURE
TRUSTEE1.00Yes (X)$0$0$0
ANA MARTINEZ
PRINCIPAL50.00Yes (X)$141,139$0$24,524
AMENATA MAGIRAGA
PRINCIPAL50.00Yes (X)$154,352$0$13,554
NOREEN COOKE-COLEMAN
PRINCIPAL50.00Yes (X)$122,434$0$35,236
KIWANA YATES
PRINCIPAL50.00Yes (X)$116,403$0$21,091
JANAI HARRIS
PRINCIPAL50.00Yes (X)$104,608$0$20,435
BRIAN ZIED
CHIEF FINANCIAL OFFICER50.00Yes (X)$0$0$0
EDWARD MACENULTY
OPERATIONS DIRECTOR50.00$110,199$0$13,228Yes (X)
ANDREW NOE
ASSISTANT PRINCIPAL50.00$137,126$0$12,968Yes (X)
NINA ARUTYUNYAN
ASSISTANT PRINCIPAL50.00$117,982$0$11,029Yes (X)
MOMINA MANZOOR
ASSISTANT PRINCIPAL50.00$112,197$0$9,787Yes (X)
CHANEL SIMPKINS
ASSISTANT PRINCIPAL50.00$107,393$0$12,638Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,223,833TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$174,490TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K12IndivRcvdGreaterThan100KCnt
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$7,611,163
VENUS MEDIA LLC
875 WASHINGTON STREETNEW YORKNY10014MARKETING SERVICES$721,608
CHARTER TECHNOLOGY SOLUTIONS
132 32ND STREET SUITE 310BROOKLYNNY11232IT SERVICES$578,493
TENER CONTRACTING LLC
603 WARBURTON AVENUEHASTINGSONHUDSONNY10706MAINTENANCE & REPAIRS SERVICES$483,692
SCHOLASTIC TRANSPORTATION
431 NORTH COURTLAND STREETEAST STROUDSBURGPA18301TRANSPORTATION SERVICES$393,678
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K9CntrctRcvdGreaterThan100KCnt
Government Grants$6,670,265GovernmentGrantsAmt
All Other Contributions$25,000AllOtherContributionsAmt
Noncash Contributions$139,481NoncashContributionsAmt
Total Contributions$6,695,265TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
GOV'T PER-PUPIL REV - GENERAL ED611000$42,493,435$42,493,435
GOV'T PER-PUPIL REV - FACILITIES611000$12,639,486$12,639,486
GOV'T PER-PUPIL REV - UPK611000$6,659,053$6,659,053
GOV'T PER-PUPIL REV - SPECIAL ED611000$4,224,220$4,224,220
AFTER SCHOOL FEES611000$171,683$171,683
FieldValueIRS element (for citing)
Total Program Service Revenue$66,187,877TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$608,538TotalRevenueColumnAmt
Exclusion$608,538ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescREBATESDesc
Business900099BusinessCd
Total Revenue Column$8,116TotalRevenueColumnAmt
Exclusion$8,116ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$8,116OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$73,499,796TotalRevenueColumnAmt
Related Or Exempt Func Income$66,187,877RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$616,654ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$823,184TotalAmt
Program Services$635,810ProgramServicesAmt
Management And General$187,374ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$21,627,938TotalAmt
Program Services$20,332,540ProgramServicesAmt
Management And General$1,295,398ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$496,593TotalAmt
Program Services$460,798ProgramServicesAmt
Management And General$35,795ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$2,487,670TotalAmt
Program Services$2,308,218ProgramServicesAmt
Management And General$179,452ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$2,036,235TotalAmt
Program Services$1,889,348ProgramServicesAmt
Management And General$146,887ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$8,327,619TotalAmt
Program Services$7,726,332ProgramServicesAmt
Management And General$601,287ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$33,285TotalAmt
Management And General$33,285ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$112,451TotalAmt
Management And General$112,451ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$594,179TotalAmt
Program Services$540,329ProgramServicesAmt
Management And General$53,850ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,406,813TotalAmt
Program Services$1,391,473ProgramServicesAmt
Management And General$15,340ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$630,749TotalAmt
Program Services$573,756ProgramServicesAmt
Management And General$56,993ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,452,946TotalAmt
Program Services$1,377,389ProgramServicesAmt
Management And General$75,557ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$13,965,423TotalAmt
Program Services$12,932,741ProgramServicesAmt
Management And General$1,032,682ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$116,589TotalAmt
Program Services$108,320ProgramServicesAmt
Management And General$8,269ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$5,672,420TotalAmt
Program Services$5,255,360ProgramServicesAmt
Management And General$417,060ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$328,402TotalAmt
Program Services$306,541ProgramServicesAmt
Management And General$21,861ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
FOOD SERVICES$2,331,737$2,331,737
CLASSROOM SUPPLIES$1,944,167$1,944,130$37
STAFF DEVELOPMENT$1,148,605$1,066,097$82,508
STUDENT SERVICES$879,163$879,163

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$621,348TotalAmt
Program Services$567,988ProgramServicesAmt
Management And General$53,360ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$67,037,516TotalAmt
Program Services$62,628,070ProgramServicesAmt
Management And General$4,409,446ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$11,099,972BOYAmt
EOY$5,421,628EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$300,336BOYAmt
EOY$12,908,146EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,112,641BOYAmt
EOY$3,828,000EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$386,672BOYAmt
EOY$911EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$126,880BOYAmt
EOY$457,027EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$5,736,131LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,985,355LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$2,243,274BOYAmt
EOY$2,750,776EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$212,718,807BOYAmt
EOY$259,201,854EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$228,988,582BOYAmt
EOY$284,568,342EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,887,862BOYAmt
EOY$2,956,742EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$169,561BOYAmt
EOY$200,583EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$215,688,187BOYAmt
EOY$263,983,667EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$217,745,610BOYAmt
EOY$267,140,992EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$11,242,972BOYAmt
EOY$17,427,350EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,242,972BOYAmt
EOY$17,427,350EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$228,988,582BOYAmt
EOY$284,568,342EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$6,462,280ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$277,902OtherChangesInNetAssetsAmt
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 B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$124,355OtherCostOrOtherBasisAmt
Depreciation$60,002DepreciationAmt
Book Value$64,353BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,632,272OtherCostOrOtherBasisAmt
Depreciation$1,804,473DepreciationAmt
Book Value$1,827,799BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,979,504OtherCostOrOtherBasisAmt
Depreciation$1,120,880DepreciationAmt
Book Value$858,624BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$2,750,776TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDescBook ValueBookValueAmt
ROU ASSET FINANCE LEASE$189,582,322
SECURITY DEPOSITS$46,900
OPERATING ROU ASSET$69,572,632
FieldValueIRS element (for citing)
Total Book Value Other Assets$259,201,854TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
FINANCE LEASE LIABILITIES$194,756,984
DUE TO ZETA CHARTER SCHOOLS, INC.$665,407
OPERATING LEASE LIABILITY$68,561,276
FieldValueIRS element (for citing)
Total Liability$263,983,667TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$73,309,216TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$87,322DonatedServicesAndUseFcltsAmt
Revenue Not Reported$87,322RevenueNotReportedAmt
Revenue Subtotal$73,221,894RevenueSubtotalAmt
Other Revenues Not Included$277,902OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$277,902RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$73,499,796TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$67,124,838TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$87,322DonatedServicesUseFcltsAmt
Expenses Not Reported$87,322ExpensesNotReportedAmt
Expenses Subtotal$67,037,516ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$67,037,516TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE 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, 2021.
PART XI, LINE 4B - OTHER ADJUSTMENTS:LOSS ON DISPOSAL OF ASSETS 277,902.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media0PlcyPblczdViaBroadcastMediaInd
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)
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
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 (4 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
AMENATA MAGIRAGA
PRINCIPAL$136,852$0$17,500$0$0$0$3,885$0$9,669$0$167,906$0$0$0
ANA MARTINEZ
PRINCIPAL$128,919$0$12,220$0$0$0$4,118$0$20,406$0$165,663$0$0$0
NOREEN COOKE-COLEMAN
PRINCIPAL$113,684$0$8,750$0$0$0$3,815$0$31,421$0$157,670$0$0$0
ANDREW NOE
ASSISTANT PRINCIPAL$128,376$0$8,750$0$0$0$3,093$0$9,875$0$150,094$0$0$0

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$139,481NoncashContributionsRptF990Amt
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 (8 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 $8,327,619 IN MANAGEMENT FEES TO ZETA CHARTER SCHOOLS, INC. DURING THE FISCAL YEAR. THE CFO, BRIAN ZIED LISTED IN PART VII, SECTION A, WAS COMPENSATED BY THE MANAGEMENT COMPANY IN THE AMOUNT OF $103,945 FOR SERVICES TO ZETA CHARTER SCHOOLS NYC.
FORM 990, PART VI, SECTION A, LINE 8BTHE ORGANIZATION HAD NO COMMITTEES IN PLACE IN FISCAL YEAR 2024.
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 AFTER 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 2024.
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 XI, LINE 9:LOSS ON DISPOSAL OF ASSETS -277,902.
FORM 990, PART XII, LINE 2C:THE 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.

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