2022-05-10T13:30:15-05:00 2021-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2020-07-01 237112974 HARLEM CHILDREN'S ZONE INC HARL 2123603255 35 EAST 125TH STREET NEW YORK NY 10035 KWAME OWUSU-KESSE CHIEF FINANCIAL OFFICER 2123603255 2022-05-10 1 KWAME OWUSU-KESSE XXX-XX-XXXX SCOTT THOMPSETT P00741490 2125990100 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z KWAME OWUSU-KESSE 35 EAST 125TH STREET NEW YORK NY 10035 232717937 0 X WWW.HCZ.ORG X 1970 NY WE ENHANCE THE LIFE FOR CHILDREN AND FAMILIES IN SOME OF NYC'S MOST DEVASTATED NEIGHBORHOODS. 18 16 1500 0 0 0 132870565 170129289 0 0 241622 -330082 2131506 1600658 135243693 171399865 8241608 29367928 0 0 59882576 53524540 0 0 1766920 37231740 69593064 105355924 152485532 29887769 18914333 743515066 970988312 111547384 92975538 631967682 878012774 X HARLEM CHILDREN'S ZONE (HCZ) BREAKS THE CYCLE OF INTERGENERATIONAL POVERTY WITH ON-THE-GROUND, ALL-AROUND PROGRAMMING THAT BUILDS UP OPPORTUNITIES FOR CHILDREN AND FAMILIES TO THRIVE IN SCHOOL, WORK, AND LIFE (CONTINUED IN SCHEDULE O.) 0 0 36158640 417101 0 SEE SCHEDULE OHARLEM CHILDREN'S ZONE OFFERS A COMPREHENSIVE NETWORK OF EDUCATION, SOCIAL-SERVICE AND COMMUNITY-BUILDING PROGRAMS ACROSS A 97-BLOCK AREA OF CENTRAL HARLEM. HARLEM CHILDREN'S ZONE SUPPORTS CHILDREN FROM BIRTH THROUGH COLLEGE AS WELL AS WORKING WITH THE ADULTS AROUND THEM. THE ORGANIZATION SERVES XX,XXX CHILDREN AND FAMILIES.AFTERSCHOOL PROGRAMS WE PROVIDE SUPPORT FOR STUDENTS IN THE TRADITIONAL PUBLIC ELEMENTARY SCHOOLS WITHIN HARLEM CHILDREN'S ZONE AFTER SCHOOL PROGRAMS. WE WORK WITH MIDDLE-SCHOOL AND HIGH-SCHOOL STUDENTS THROUGH SEVERAL AFTER-SCHOOL PROGRAMS, ENSURING THAT THEY ARE PREPARED FOR COLLEGE. HCZ'S COLLEGE PREPARATORY PROGRAM PROVIDES COMPREHENSIVE ACADEMIC ENRICHMENT YEAR-ROUND TO STUDENTS ACROSS ALL OF OUR HIGH-SCHOOL SITES. SERVICES INCLUDE ONE-ON-ONE TUTORING, STANDARDIZED TEST PREPARATION, AND ASSISTANCE WITH COLLEGE ESSAYS AND FINANCIAL AID APPLICATIONS. STUDENTS ALSO TAKE TRIPS TO VISIT COLLEGE CAMPUSES AND PARTICIPATE IN A HOST OF EXTRACURRICULAR ACTIVITIES, INCLUDING ROBOTICS, CHESS, FASHION DESIGN, MUSIC AND VIDEO PRODUCTION, CREATIVE WRITING, AMONG OTHER PROGRAMMING. IN BUILDING ON OUR STUDENTS' PASSIONS, THESE ACTIVITIES ALSO HELP THEM GAIN CONFIDENCE, DISCOVER THE REWARDS OF COMMITMENT, AND GAIN EXPOSURE TO POTENTIAL CAREER PATHS.AT THE HEART OF OUR COLLEGE PREP PROGRAMMING IS OUR UNIQUE ACADEMIC CASE MANAGEMENT (ACM) APPROACH. THROUGH ACM, ALL MIDDLE-SCHOOL, HIGH-SCHOOL, AND COLLEGE STUDENTS ARE ASSIGNED A STUDENT ADVOCATE. WHEREAS GUIDANCE COUNSELORS IN NEW YORK CITY PUBLIC SCHOOLS HAVE AN AVERAGE CASELOAD OF 400 STUDENTS, STUDENT ADVOCATES ADVISE AN AVERAGE OF XX STUDENTS, WORKING CLOSELY WITH EACH AND EVERY ONE TO CREATE INDIVIDUALIZED ACTION PLANS WITH CONCRETE, TARGETED STRATEGIES TO HELP ADVANCE BOTH ACADEMIC AND PERSONAL DEVELOPMENT.LIKE EVERYTHING WE DO AT HCZ, HELPING OUR STUDENTS' ACHIEVE COLLEGE READINESS IS A TEAM EFFORT. IN ORDER TO BETTER FOSTER AND TRACK THEIR PROGRESS, STUDENT ADVOCATES COLLABORATE WITH PARENTS, TEACHERS, TUTORS, SOCIAL WORKERS, AND OTHER STAKEHOLDERS. IT IS ALSO A MULTI-PRONGED EFFORT. COLLEGE READINESS CALLS FOR A ROBUST KNOWLEDGE BASE IN CORE SUBJECT AREAS, CERTAINLY. YET IT ALSO CALLS FOR STRONG STUDY HABITS AND ACADEMIC BEHAVIORS, AS WELL AS NON-COGNITIVE SKILLS, SUCH AS CURIOSITY, GRIT, PERSISTENCE, AND RESOURCEFULNESS. ACROSS SITES AND GRADES, WE HELP STUDENTS DEVELOP BOTH THE CHARACTER TRAITS AND THE SOFT SKILLS THEY NEED TO FACE THE MANY CHALLENGES THAT COLLEGE BRINGS AND ACHIEVE THEIR LONG-TERM ACADEMIC, PROFESSIONAL, AND PERSONAL GOALS.ULTIMATELY, OUR COLLEGE PREP PROGRAM CONSISTS OF FAR MORE THAN CAMPUS VISITS AND CASE MANAGEMENT. THROUGHOUT OUR PIPELINE, HCZ'S DEDICATED STAFF CONSISTENTLY AIM TO CULTIVATE A COLLEGE-GOING CULTURE IN WHICH EACH AND EVERY CHILD IS EMPOWERED TO AIM HIGH AND IS EQUIPPED WITH THE RESILIENCE AND TOOLS TO FOLLOW THROUGH. 12755815 388093 0 SEE SCHEDULE OEARLY CHILDHOODSCIENTIFIC RESEARCH HAS SHOWN CONCLUSIVELY THAT THE VERY FIRST YEARS OF A CHILD'S LIFE ARE OF ENORMOUS IMPORTANCE TO BRAIN DEVELOPMENT AND CHANCES FOR ACADEMIC SUCCESS. THAT IS WHY AT HCZ EARLY CHILDHOOD EDUCATION IS THE CRITICAL STARTING LINE FOR OUR CHILDREN IN THEIR JOURNEY TO COLLEGE GRADUATION. OUR EARLY CHILDHOOD PROGRAMS OFFER A HOLISTIC COMBINATION OF EDUCATIONAL SUPPORT AND SERVICES THAT COACH PARENTS TO FACILITATE THEIR CHILD'S HEALTHY DEVELOPMENT, ENCOURAGE STRONG PARENT-CHILD BONDS, PROMOTE LITERACY-RICH INTERACTIONS, AND PREPARE CHILDREN TO ENTER KINDERGARTEN FULLY READY FOR SCHOOL.THE ORGANIZATION HAS BEEN SUCCESSFUL IN TEACHING NEW PARENTS HOW TO ENGAGE WITH THEIR CHILDREN TO OPTIMIZE BRAIN DEVELOPMENT, WHICH SETS THE STAGE FOR LATER ACADEMIC SUCCESS. THE BABY COLLEGE PARENTING WORKSHOPS HAVE GRADUATED MORE THAN X,XXX PARENTS AND CAREGIVERS SINCE IT BEGAN IN 2000. THE BABY COLLEGE GIVES EXPECTANT PARENTS AND PARENTS OF CHILDREN AGES 0-3 A STRONG UNDERSTANDING OF CHILD DEVELOPMENT AND THE SKILLS TO RAISE HAPPY, HEALTHY BABIES THROUGH WORKSHOPS AND HOME VISITS.THE BABY COLLEGE GRADS PROGRAM DEEPENS PARENTS' UNDERSTANDING OF CHILD DEVELOPMENT AND THEIR RELATIONSHIPS WITH THEIR CHILDREN, ALSO THROUGH WORKSHOPS AND HOME VISITS. THE G.R.A.D.S. (GUARDIANS RESPONDING AND DEVELOPING STRATEGIES) EARLY HEAD START PROGRAM IS A FULL-YEAR HOME VISITING PROGRAM SERVING CHILDREN AND FAMILIES FROM PREGNANCY TO AGE 3. G.R.A.D.S. FOCUSES ON STRENGTHENING PARENT-CHILD RELATIONSHIPS, EARLY LITERACY AND SCHOOL READINESS SKILLS, AND DEEPENING UNDERSTANDINGS OF EARLY CHILDHOOD DEVELOPMENT. THIS IS ACCOMPLISHED THROUGH WEEKLY HOME VISITS AND ON-SITE BI-WEEKLY PLAYGROUPS, ALSO CALLED SOCIALIZATIONS. MEETINGS ARE CONVIVIAL, PROVIDING PARENTS WITH HIGH-QUALITY TOOLS TO NURTURE THEIR CHILD'S GROWTH THROUGH EVERYDAY ACTIVITIES, FAMILY RELATIONSHIPS, AND COMMUNITY SUPPORT. MEETINGS ARE CONDUCTED IN ENGLISH, SPANISH AND FRENCH. OUTSIDE OF VISITS, WE OFFER PARENT WORKSHOPS AND SUPPORT GROUPS TO FURTHER EMPOWER PARENTS AS THEIR CHILD'S FIRST TEACHERS. ALL OFFERINGS ARE LED BY PARENT COACHES AND FAMILY AIDES TRAINED IN THE SOCIAL WORK, EARLY CHILDHOOD EDUCATION, OR HEALTHCARE FIELDS. THE CONTINUOUS NATURE OF SERVICES PROVIDED TO FAMILIES FROM ONE YEAR TO THE NEXT ASSURES THAT WE ADDRESS CHILDREN AND FAMILY NEEDS AT A MOST SIGNIFICANT PERIOD OF DEVELOPMENT IN CHILDREN'S LIVES.HCZ CREATED THE THREE-YEAR-OLD JOURNEY PROGRAM TO CONTINUE THE PARENTING-SKILLS DEVELOPMENT THROUGH PARENT WORKSHOPS AND GROUP ACTIVITIES FOR CHILDREN. THE THREE YEAR OLD JOURNEY (TYOJ) PROGRAM IS DEDICATED TO THE WINNERS OF THE PROMISE ACADEMY LOTTERY. THERE, FAMILIES HAVE THE OPPORTUNITY TO CONTINUE THEIR LEARNING OF EARLY CHILDHOOD DEVELOPMENT AND THE IMPORTANCE OF ENHANCING THEIR PARENTING SKILLS AT THIS STAGE OF THEIR CHILDREN'S LIVES. WHILE PARENTS RECEIVE WORKSHOPS RELATED TO DISCIPLINE, BRAIN DEVELOPMENT AND THE IMPORTANCE OF LANGUAGE TO NAME A FEW, THEIR CHILDREN ENGAGE IN DIFFERENTIATED ACTIVITIES WITHIN ACTUAL CLASSROOM SETTINGS AT PROMISE ACADEMY, WHERE THEY WILL EVENTUALLY BEGIN THEIR EDUCATIONAL PATH BEGINNING IN KINDERGARTEN. THERE, STUDENTS LEARN LITERACY, MATH AND SOCIAL SKILLS. PARENT WORKSHOPS ARE OFFERED IN ENGLISH, SPANISH AND FRENCH TO ADDRESS THE VARIOUS LANGUAGE NEEDS OF OUR COMMUNITY.THE FINAL STEP IN OUR EARLY-CHILDHOOD PIPELINE, HARLEM GEMS OFFERS A HIGH-QUALITY, YEAR-ROUND, FULL-DAY PRE-KINDERGARTEN PROGRAM THAT ENSURES THAT EVERY STUDENT ENTERS KINDERGARTEN SCHOOL-READY.IN THE HARLEM GEMS PRE-KINDERGARTEN PROGRAMS, THREE- AND FOUR-YEAR-OLDS ATTEND AN ALL-DAY, YEAR-ROUND PROGRAM. SPANISH AND FRENCH ARE TAUGHT TO BUILD A CULTURALLY SENSITIVE COMMUNITY REFLECTIVE OF OUR POPULATION. IN 2019, 99% OF THE CHILDREN WHO COMPLETED THE HARLEM GEMS PRE-SCHOOL PROGRAM HAVE BEEN ASSESSED AS "SCHOOL READY," AS DETERMINED BY THE NATIONALLY RECOGNIZED BRACKEN SCALE ASSESSMENT. 7214881 22210393 0 SEE SCHEDULE O COLLEGE AND CAREERWE BOAST A 97% COLLEGE ACCEPTANCE RATE AND, TO MAKE SURE THEY ARE SUCCESSFUL, OUR CENTER FOR HIGHER EDUCATION AND CAREER SUPPORT (CHECS) OFFERS A VARIETY OF SUPPORTS: TUTORING, SCHOLARSHIPS, FINANCIAL AID COUNSELING, AND TIME MANAGEMENT CLASSES, AS WELL AS RESUME-WRITING AND INTERVIEW WORKSHOPS. EACH STUDENT IS ASSIGNED AN ADVISOR WHO STAYS IN REGULAR CONTACT AND VISITS THE SCHOOL TO MAKE SURE THE STUDENT IS GETTING THE SUPPORTS THEY NEED AND IS STAYING ON TRACK FOR GRADUATION. WE ALSO HELP STUDENTS WITH GETTING WORKPLACE EXPERIENCE THROUGH PAID INTERNSHIPS IN FOR-PROFIT COMPANIES, HEALTH-CARE INSTITUTIONS, GOVERNMENT AGENCIES AND NON-PROFITS AS WELL AS EMPLOYING THEM TO HELP WITH PROGRAMS AT HCZ. 39738213 6352341 0 OTHER PROGRAMSPREVENTIVE SERVICES HCZ'S FOSTER-CARE PREVENTIVE PROGRAMS WORK TO STRENGTHEN FAMILIES IN CRISIS SO THAT THE FAMILIES CAN STAY WHOLE AND NOT HAVE CHILDREN PLACED INTO FOSTER CARE.COMMUNITY CENTERS: HCZ HAS ESTABLISHED PIONEERING COMMUNITY CENTERS FOR CHILDREN AND ADULTS DURING EVENING, WEEKEND AND SUMMER HOURS. FOR STUDENTS, THE CENTERS PROVIDE CRITICAL ACADEMIC SUPPLEMENTS AND PERSONALIZED TUTORING, AS WELL AS A SAFE, ENRICHING PLACE FOR CHILDREN TO SPEND THEIR OUT-OF-SCHOOL HOURS. FOR ADULTS, THE CENTERS OFFER RECREATIONAL AND SPORTS PROGRAMS. OVERALL, THE CENTERS ARE NEEDED RESOURCES IN NEIGHBORHOODS THAT ARE BEREFT OF PLACES FOR CHILDREN AND ADULTS TO GATHER, HAVE FUN, LEARN NEW SKILLS AND IMPROVE THEIR FITNESS.INCLUDED WITHIN OTHER PROGRAM SERVICES IS THE WILLIAM JULIUS WILSON INSTITUTE WHICH WORKS WITH ON-THE-GROUND-COLLABORATORS AND NATIONAL PARTNERS TO DELIVER COMPREHENSIVE STRATEGIES, SUPPORT SERVICES, AND TOOLS THAT SYSTEMATICALLY ROOT OUT POVERTY AND CLOSE OPPORTUNITY GAPS IN NEIGHBORHOODS ACROSS AMERICA. 39738213 6352341 0 95867549 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 1 222 0 1 1500 1 0 0 0 0 0 0 0 0 0 0 1 0 X 18 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X LINDA IBUZOR 2123603255 35 EAST 125TH STREET NEW YORK NY 10035 GEOFFREY CANADA PRESIDENT 40.00 4.00 X X 415761 0 31532 STANLEY F DRUCKENMILLER CHAIRMAN 1.00 4.00 X X 0 0 0 MITCH KURZ TREASURER 1.00 4.00 X X 0 0 0 MATTHEW C BLANK SECRETARY 1.00 0.00 X X 0 0 0 WALLIS ANNENBERG BOARD MEMBER 1.00 0.00 X 0 0 0 KEITH MEISTER VICE CHAIRMAN 1.00 4.00 X X 0 0 0 JOSEPH DIMENNA BOARD MEMBER 1.00 0.00 X 0 0 0 MARK KINGDON BOARD MEMBER 1.00 0.00 X 0 0 0 KENNETH G LANGONE BOARD MEMBER 1.00 4.00 X 0 0 0 LAURA SAMBERG BOARD MEMBER 1.00 0.00 X 0 0 0 CAROLINE TURNER BOARD MEMBER 1.00 0.00 X 0 0 0 RICHARD WITTEN BOARD MEMBER 1.00 0.00 X 0 0 0 BRIAN HIGGINS BOARD MEMBER 1.00 0.00 X 0 0 0 ZACHARY J SCHREIBER BOARD MEMBER 1.00 0.00 X 0 0 0 ERIC W MANDELBLATT BOARD MEMBER 1.00 0.00 X 0 0 0 PHILIPPE LAFFONT BOARD MEMBER 1.00 0.00 X 0 0 0 ASHOK VARADHAN BOARD MEMBER 1.00 0.00 X 0 0 0 DOUG BUCKMINSTER BOARD MEMBER 1.00 0.00 X 0 0 0 KWAME OWUSU-KESSE AS OF 0720 PRESIDENT & CEO 40.00 2.00 X 444098 0 106784 JAMES D HUTTER THRU 0221 CHIEF FINANCIAL OFFICER 40.00 2.00 X 368013 0 123645 JENNIFER KLEIN CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 280070 0 33776 NANA A ANNAN CHIEF OPERATING OFFICER 40.00 2.00 X 181371 0 41442 BETINA JEAN LOUIS THRU 0620 DIRECTOR OF EVALUATION 40.00 0.00 X 554619 0 65385 KAREN SODOMICK CHIEF COMMUNICATIONS OFFICER 40.00 0.00 X 324565 0 2785 MICHELLE GERMAINE THRU 1020 MD, STRATEGIC DEVELOP. INI 40.00 0.00 X 454699 0 50050 MONALISA TOLBERT THRU 0820 DIRECTOR 40.00 0.00 X 395336 0 60707 BESSIE WILKERSON THRU 0820 MANAGING DIR. OF EDU. RESEARCH 40.00 0.00 X 322922 0 56063 ANNE WILLIAMS-ISOM THRU 0620 PRESIDENT & CEO 0.00 0.00 X 1238925 0 129821 4980379 0 701990 65 1 1 0 THE ULTIMATE SOFTWARE GROUP 200 PARK AVENUE NEW YORK NY 10003 HR SOFTWARE SERVICES 546219 PC CONNECTION 730 MILFORD ROAD MERRIMACK NH 03054 PC HARDWARE, SOFTWARE & IT SVCS 364560 MOBILE HEALTH MEDICAL SERVICES PC 229 W 36TH ST 10 NEW YORK NY 10018 MEDICAL SERVICES 346163 MATHEMATICA POLICY RESEARCH INC 955 MASSACHUSETTS AVE STE 801 CAMBRIDGE MA 02139 PROVIDE RESEARCH AND DATA 331488 SYSCO FOOD SERVICES METRO NY 20 THEODORE CONRAD DRIVE JERSEY CITY NJ 07305 FOOD DELIVERY SERVICE 301447 40 X 53341280 4359602 112428407 18239491 170129289 2044800 0 2044800 2044800 2044800 60422919 60753001 -330082 -330082 -330082 0 53341280 565071 -565071 -565071 REFUNDS/REIMBURSEMENTS 900099 120929 120929 120929 171399865 0 0 1270576 22915981 22915981 6451947 6451947 2354013 2065373 216803 71837 1018688 893780 93820 31088 37830585 32209986 4461728 1158871 2194453 1879583 274705 40165 6639565 5717293 698897 223375 3487236 3023107 364182 99947 48377 48377 254669 254669 44154876 44154876 6400791 5008247 1380419 12125 265584 265584 328729 315728 11705 1296 3328870 3119956 183185 25729 6377282 5747527 629755 80655 79564 725 366 2558401 2027145 531256 801083 801083 FOOD 912046 909592 936 1518 UTILITIES 666096 587062 76059 2975 EQUIPMENT RENT & MAINT. 477566 429089 43667 4810 ADMISSIONS 106501 104853 1648 2831538 2381736 356984 92818 152485532 95867549 54851063 1766920 220545 218805 14461548 31750724 97106084 81292076 2587632 422449 902659 1279676 171136938 51286247 122290944 119850691 504811732 735029418 1133922 1144473 743515066 970988312 12749541 13609058 62287288 60455309 36510555 18911171 111547384 92975538 X 516903450 771989483 115064232 106023291 631967682 878012774 743515066 970988312 18914333 227130759 0 X 0 1 X 1 1 1 X 120267600 72230873 112338456 132870565 170129289 607836783 120267600 72230873 112338456 132870565 170129289 607836783 218654758 389182025 11213 23921 12417 2226865 2044800 4319216 0 0 0 0 0 997033 1040627 429909 146262 120929 2734760 614890759 0.63290 0.65360 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2016 AMOUNT: $ 182,302. 2017 AMOUNT: $ 186,293. 2018 AMOUNT: $ 180,719. 2019 AMOUNT: $ 146,262. 2020 AMOUNT: $ 120,929. SPECIAL EVENTS GROSS INCOME - 2016 AMOUNT: $ 135,837. 2017 AMOUNT: $ 146,568. 2018 AMOUNT: $ 137,888. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. RECOVERY OF PRIOR YEAR INVESTMENT WRITE-OFF - 2016 AMOUNT: $ 678,894. 2017 AMOUNT: $ 707,766. 2018 AMOUNT: $ 111,302. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 479261830 6205140 237121857 0 0 722588827 451742985 2586204 25052776 120135 0 479261830 466183291 0 866151 65965 15240492 451742985 438718755 0 46347788 325315 18557937 466183291 404031411 4471008 30382231 165895 0 438718755 0.98280 0.01721 0 0 14156007 14156007 133160141 34573969 98586172 16095785 9673332 6422453 5397074 4806463 590611 2327931 2232483 95448 119850691 ALTERNATIVE INVESTMENTS 656712678 F LIMITED PARTNERSHIPS 60937287 F ALT. INVESTMENT REDEMPTION 17379453 F 735029418 DEFERRED COMPENSATION PAYABLE 4655434 DUE TO RELATED PARTY 11525737 REFUNDABLE ADVANCE 2730000 18911171 X 356419356 227130759 2043608 229174367 127244989 44154876 44154876 171399865 110374264 2043608 2043608 108330656 44154876 44154876 152485532 PART X, LINE 2: HCZ FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. HCZ IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. HCZ HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED BUSINESS INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. HCZ HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. IN ADDITION, HCZ HAS NOT RECORDED A PROVISION FOR INCOME TAXES AS IT HAS NO MATERIAL TAX LIABILITY FROM UNRELATED BUSINESS INCOME ACTIVITIES. SCHEDULE D, PART V: ENDOWMENTS HARLEM CHILDREN'S ZONE'S ENDOWMENTS ARE INTENDED TO SUPPORT THE ORGANIZATION'S SOCIAL, CULTURAL AND EDUCATIONAL PROGRAMS (AS DESCRIBED IN PART III OF THE FORM 990) AND TO FUND A TAX-DEFERRED EMPLOYEE SAVINGS PLAN. HCZ HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING WHILE SEEKING TO MAINTAIN THE EARNINGS POWER OF THE ENDOWMENT ASSETS. THE ORGANIZATION HAS MODIFIED ITS ENDOWMENT FOOTNOTE FROM ITS PRESENTATION IN PRIOR YEARS TO REFLECT A NET DRAWDOWN TO FUND OPERATIONS ON LINE 1(E). IN YEARS IN WHICH THE ORGANIZATION'S NET FUND TRANSFERS INTO THE ENDOWMENT EXCEED ITS ANNUAL DRAWDOWN, THOSE AMOUNTS HAVE BEEN INCLUDED WITH CONTRIBUTIONS ON LINE 1(B). AMOUNTS REPORTED ON LINE 1(B) AND LINE 1(E) REPRESENT EITHER THE NET ADDITION TO, OR DRAWDOWN FROM, THE ENDOWMENT IN EACH GIVEN YEAR. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 656712678 0 0 0 0 0 0 656712678 0 656712678 1 0 1 1 1 0 PART III ACCOUNTING METHOD: FORM 990, SCHEDULE F HARLEM CHILDREN'S ZONE INVESTS DIRECTLY IN A VARIETY OF ALTERNATIVE INVESTMENTS. THESE ALTERNATIVE INVESTMENTS ARE EITHER DOMICILED IN THE UNITED STATES AS LIMITED PARTNERSHIPS OR IN FOREIGN JURISDICTIONS AS CORPORATIONS OR PARTNERSHIPS. BY VIRTUE OF ITS OWNERSHIP IN THESE INVESTMENTS, HARLEM CHILDREN'S ZONE MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. TO THE EXTENT THAT HARLEM CHILDREN'S ZONE IS REQUIRED TO COMPLETE A FORM 926, 5471, 8621 OR 8865 BECAUSE ITS INVESTMENT EXCEEDS THE FILING THRESHOLD, THOSE FORMS HAVE BEEN ATTACHED TO THE ORGANIZATION'S FORM 990-T FILING. AWARD DINNER 53341280 53341280 202342 362729 53341280 53341280 202342 362729 565071 -565071 SCHEDULE G, PART II: AS A RESULT OF THE COVID-19 PANDEMIC, THE HARLEM CHILDREN'S ZONE ANNUAL AWARDS CELEBRATION WAS HELD VIRTUALLY AS A PRERECORDED EVENT AND STREAMED ONLINE FOR DONORS (AND THE GENERAL PUBLIC) ON APRIL 15TH, 2021. ALL REVENUES RAISED FROM THE GALA REPRESENT CONTRIBUTION DOLLARS AS THE VIRTUAL ATTENDEES RECEIVED NO TANGIBLE BENEFITS FROM THE EVENT. EXPENSES INCURRED FROM THE EVENT REPRESENT ADMINISTRATIVE AND PRODUCTION COSTS FOR THE PRERECORDED CONTENT. 1 HARLEM CHILDREN'S ZONE PROMISE ACADEMY I 245 WEST 129TH STREET NEW YORK NY 10027 760756768 501(C)(3) 2207430 EDUCATION HARLEM CHILDREN'S ZONE PROMISE ACADEMY II 35 EAST 125TH STREET NEW YORK NY 10035 342049530 501(C)(3) 1767269 EDUCATION STRIVE TOGETHER INC 125 EAST NINTH STREET CINCINNATI OH 45202 813380647 501(C)(3) 386666 COVID-19 EMERGENCY RESPONSE AND RECOVERY POLICY LINK 1438 WEBSTER STREET SUITE 303 OAKLAND CA 94612 943297479 501(C)(3) 386666 COVID-19 EMERGENCY RESPONSE AND RECOVERY OAKLAND PROMISE 300 FRANK H OGAWA PLAZA SUITE 430 OAKLAND CA 94612 542103707 501(C)(3) 2668812 68027 FMV COMPUTERS/LAPTOPS COVID-19 EMERGENCY RESPONSE AND RECOVERY UNITED WAY FOR SOUTHEASTERN MICHIGAN 3011 WEST GRAND BLVD DETROIT MI 48202 203099071 501(C)(3) 2673333 332792 FMV COMPUTERS/LAPTOPS COVID-19 EMERGENCY RESPONSE AND RECOVERY BUILDING RESPONSIBLE INTELLIGENT CREATIVE KIDS- BRICK 534 CLINTON AVE NEWARK NJ 07108 270820249 501(C)(3) 2673333 66806 FMV COMPUTERS/LAPTOPS COVID-19 EMERGENCY RESPONSE AND RECOVERY THRIVE CHICAGO NFP 211 WEST WACKER STREET SUITE 1000 CHICAGO IL 60606 472478889 501(C)(3) 2673333 66571 FMV COMPUTERS/LAPTOPS COVID-19 EMERGENCY RESPONSE AND RECOVERY PURPOSE BUILT COMMUNITIES FOUNDATION INC 2380 HOSEA L WILLIAMS SE STE 4 ATLANTA GA 30317 454056587 501(C)(3) 2673333 341897 FMV COMPUTERS/LAPTOPS COVID-19 EMERGENCY RESPONSE AND RECOVERY NORTHSIDE ACHIEVEMENT ZONE 2123 WEST BROADWAY STE 100 MINNEAPOLIS MN 55411 300238807 501(C)(3) 2673333 67683 FMV COMPUTERS/LAPTOPS COVID-19 EMERGENCY RESPONSE AND RECOVERY NAACP EMPOWERMENT PROGRAMS INC 4805 MOUNT HOPE DRIVE BALTIMORE MD 21215 131084135 501(C)(3) 386666 COVID-19 EMERGENCY RESPONSE AND RECOVERY CAMBA INC 1720 CHURCH AVE BROOKLYN NY 11226 112480339 501(C)(3) 50000 66689 FMV COMPUTERS/LAPTOPS CAMBA EMERGENCY RELIEF FUND SUPPORT FUND FOR THE CITY OF NEW YORK INC 121 AVENUE OF THE AMERICAS 6TH FL NEW YORK NY 10013 132612524 501(C)(3) 50000 67991 FMV COMPUTERS/LAPTOPS EMERGENCY RELIEF SUPPORT BOYS CLUB OF NEW YORK CHURCH STREET STATION PO BOX 3302 NEW YORK NY 100083302 135591750 501(C)(3) 50000 100032 FMV COMPUTERS/LAPTOPS BOYS CLUB OF NEW YORK EMERGENCY RELIEF SUPPORT PHIPPS NEIGHBORHOODS 902 BROADWAY NEW YORK NY 10010 132707665 501(C)(3) 50000 133377 FMV COMPUTERS/LAPTOPS PHIPPS NEIGHBORHOODS EMERGENCY RELIEF SUPPORT CONEY ISLAND PREP 315 AVENUE U BROOKLYN NY 11223 943453217 501(C)(3) 25000 CONEY ISLAND PREP EMERGENCY RELIEF SUPPORT LIVING REDEMPTION- SOUL SAVING CHURCH 302 WEST 124TH STREET NEW YORK NY 10027 834024277 501(C)(3) 13000 EMERGENCY RELIEF SUPPORT IRIS HOUSE WEST SIDE 2348 ADAM CLAYTON POWELL BLVD NEW YORK NY 10030 133699201 501(C)(3) 7000 EMERGENCY RELIEF SUPPORT COMMUNITY IMPACT 616 WEST 114TH STREET NEW YORK NY 10025 133386904 501(C)(3) 9000 EMERGENCY RELIEF SUPPORT AFRICAN SERVICES COMMITTEE 429 WEST 127TH STREET 2ND FL NEW YORK NY 10027 133749744 501(C)(3) 10000 EMERGENCY RELIEF SUPPORT FRIENDLY HANDS MINISTRY INC 229 EAST 118TH STREET NEW YORK NY 10035 134126976 501(C)(3) 10000 EMERGENCY RELIEF SUPPORT LITTLE SISTERS OF THE ASSUMPTION FAMILY HEALTH SERVICE 333 EAST 115TH STREET NEW YORK NY 10029 132867881 501(C)(3) 8000 EMERGENCY RELIEF SUPPORT CHILDREN'S VILLAGE - DREW HAMILTON COMMUNITY CENTER 220 WEST 143RD STREET NEW YORK NY 10027 131739945 501(C)(3) 7000 EMERGENCY RELIEF SUPPORT ST JOSEPH OF THE HOLY FAMILY 405 WEST 125TH STREET NEW YORK NY 10027 131641067 501(C)(3) 5000 EMERGENCY RELIEF SUPPORT FRESH AIR FUND 633 3RD AVE 14TH FL NEW YORK NY 10017 131656653 501(C)(3) 166721 FMV COMPUTERS/LAPTOPS EDUCATION/SUPPORT PROGRAM 25 EDUCATIONAL STIPENDS 2088 2045492 HCZ HARDSHIP ASSISTANCE 111 1214351 SCHOLARSHIPS 120 734907 EMERGENCY FUNDS 3797 2426415 SCHEDULE I, PART III THE NEED IN CENTRAL HARLEM: CHILDREN IN CENTRAL HARLEM TYPICALLY FACE MULTIPLE CHALLENGES TO THEIR SUCCESS: FAILING SCHOOLS, INADEQUATE HEALTH CARE, LACK OF SAFE PLACES TO SPEND OUT-OF-SCHOOL TIME, AND THE THREAT OF PHYSICAL VIOLENCE. NUMEROUS STUDIES HAVE DOCUMENTED THE OBSTACLES TO SUCCESS FOR LOW-INCOME STUDENTS, PARTICULARLY THOSE OF COLOR. A BLACK BOY BORN IN 2001 HAS A ONE IN THREE CHANCE OF GOING TO PRISON IN HIS LIFETIME. ONE STUDY FOUND THAT, BY THE AGE OF THREE, CHILDREN IN POOR FAMILIES WERE EXPOSED TO 30 MILLION FEWER WORDS THAN CHILDREN IN HIGH-INCOME HOMES. TO ADDRESS THE MULTITUDE OF CHALLENGES OUR KIDS FACE, HARLEM CHILDREN'S ZONE HAS CREATED A FREE, HOLISTIC, BIRTH-THROUGH-COLLEGE PIPELINE OF SUPPORTS AND SERVICES TO ENSURE THAT CHILDREN REACH THEIR POTENTIAL AT EACH STAGE OF THEIR DEVELOPMENT. IN ADDITION TO WORKING WITH THE CHILDREN THROUGHOUT THEIR FORMATIVE YEARS, WE WORK TO STRENGTHEN THE FAMILIES AND COMMUNITY AROUND THEM. WE WORK TO ADDRESS ALL THE BARRIERS TO OUR CHILDRENS' SUCCESS. IN ADDITION TO OUR PRIMARY FOCUS ON ACADEMICS, WE CONSIDER THE WHOLE CHILD, OFFERING EXPOSURE TO THE ARTS AND CULTURE, COMMUNITY SERVICE, REGULAR PHYSICAL EXERCISE, AND NUTRITION WORKSHOPS TO HELP DEVELOP LIFE-LONG HEALTHY HABITS. WE ALSO HELP DEVELOP THEIR NON-COGNITIVE SKILLS, SUCH AS PERSISTENCE AND RESILIENCE, AND ADDRESS ANY SOCIAL AND EMOTIONAL NEEDS. TO HELP ENSURE OUR HIGH-SCHOOL STUDENTS REMAIN ENGAGED IN OUR PROGRAMS, WE OFFER THEM THE OPPORTUNITY TO EARN STIPENDS. THE STIPENDS RELIEVE SOME OF THE FINANCIAL STRESS ON CHILDREN AND THEIR FAMILIES, SO CHILDREN DO NOT NEED TO CHOOSE BETWEEN ENRICHING ACTIVITIES AND TAKING ON A PART-TIME JOB. THE STIPENDS ARE DESIGNED TO BE A PRE-EMPLOYMENT MODEL SO THAT STUDENTS BEGIN TO LEARN THE WORKPLACE STANDARD OF GETTING REWARDS FOR HARD WORK. THE STIPEND AMOUNTS ARE BASED ON PARTICIPATION AND DISTRIBUTED TWICE A MONTH. THE SECOND PROGRAM ON SCHEDULE I IS A HARDSHIP ASSISTANCE/INCENTIVE PROGRAM THAT OFFERS DIFFERENT TYPES OF AID DEPENDING ON THE NEEDS OF THE INDIVIDUAL. THE CHILDREN AND FAMILIES WE SERVE ARE AMONG THE MOST DISENFRANCHISED AND HAVE FEW RESOURCES OF THEIR OWN. FOR THAT REASON, HCZ SETS ASIDE FUNDS FOR SPECIAL CLIENT SERVICES TO DEAL WITH FAMILIES' SHORT-TERM CRISES, AND FOR INCENTIVES TO ENCOURAGE PARTICIPANTS TO STAY FOCUSED ON THEIR ACADEMIC SUCCESS AND WELL-BEING. IN ADDITION, THE PROGRAM IS DESIGNED TO REWARD AND HELP GRADUATING HIGH-SCHOOL SENIORS AS THEY MOVE ON TO COLLEGE. WE OFFER EACH SENIOR THE CHOICE OF A $XXX SCHOLARSHIP OR A LAPTOP COMPUTER, WHICH IS A NECESSITY FOR TODAY'S COLLEGE STUDENT. THE INCENTIVE PAYMENTS ARE ONLY MADE IN THE FORM OF A LAPTOP OR A DIRECT SCHOLARSHIP PAYMENT MADE TO THEIR COLLEGE ON THEIR BEHALF. HCZ ALSO OFFERS SCHOLARSHIPS THROUGH DONATED FUNDS TO REDUCE POTENTIAL DEBT FOR OUR COLLEGE STUDENTS. THESE FUNDS ARE CRITICALLY IMPORTANT FOR OUR STUDENTS, MANY OF WHOM HAVE FEW - IF ANY -FUNDS OF THEIR OWN TO PAY FOR THEIR COLLEGE EXPENSES. HARLEM CHILDREN'S ZONE CONTINUES TO ACTIVELY MONITOR THE LOCAL AND GLOBAL HEALTH SITUATION AROUND COVID-19. TO ASSIST THOSE INDIVIDUALS MOST IMPACTED BY THE PANDEMIC, ECONOMICALLY AND SOCIALLY, HARLEM CHILDREN'S ZONE OFFERED EMERGENCY ASSISTANCE FOR ESSENTIAL NEEDS LIKE FOOD, INCOME SUPPORT, HOUSING, AND EMERGENCY SERVICES AS WELL AS RESOURCES TO HELP SUPPORT FAMILIES DURING THESE CHALLENGING TIMES. X X X 1 1 0 0 0 0 0 1 0 ANNE WILLIAMS-ISOM THRU 0620 PRESIDENT & CEO 314446 0 924479 0 0 0 125000 0 4821 0 1368746 0 924479 0 BETINA JEAN LOUIS THRU 0620 DIRECTOR OF EVALUATION 387950 0 50746 0 115923 0 52500 0 12885 0 620004 0 50746 0 KWAME OWUSU-KESSE AS OF 0720 PRESIDENT & CEO 393352 0 50746 0 0 0 75000 0 31784 0 550882 0 50746 0 MICHELLE GERMAINE THRU 1020 MD, STRATEGIC DEVELOP. INI 410341 0 44358 0 0 0 45000 0 5050 0 504749 0 24358 0 JAMES D HUTTER THRU 0221 CHIEF FINANCIAL OFFICER 368013 0 0 0 0 0 75000 0 48645 0 491658 0 0 0 MONALISA TOLBERT THRU 0820 DIRECTOR 328132 0 33358 0 33846 0 30000 0 30707 0 456043 0 24358 0 GEOFFREY CANADA PRESIDENT 340761 0 75000 0 0 0 0 0 31532 0 447293 0 0 0 BESSIE WILKERSON THRU 0820 MANAGING DIR. OF EDU. RESEARCH 278564 0 44358 0 0 0 37500 0 18563 0 378985 0 24358 0 KAREN SODOMICK CHIEF COMMUNICATIONS OFFICER 324565 0 0 0 0 0 0 0 2785 0 327350 0 0 0 JENNIFER KLEIN CHIEF DEVELOPMENT OFFICER 280070 0 0 0 0 0 0 0 33776 0 313846 0 0 0 NANA A ANNAN CHIEF OPERATING OFFICER 181371 0 0 0 0 0 0 0 41442 0 222813 0 0 0 FORM 990, SCHEDULE J, LINE 4(A) TOP 5 HIGHEST PAID EMPLOYEES, BETINA JEAN LOUIS AND MONALISA TOLBERT, RECEIVED SEVERANCE PAYMENTS OF $115,923 AND $33,846 RESPECTIVELY IN CALENDAR YEAR 2020; THESE AMOUNTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN B(III). FORM 990, SCHEDULE J, LINE 4(B) HARLEM CHILDREN'S ZONE HAS A SECTION 457(F) PLAN FOR CERTAIN ELIGIBLE EMPLOYEES. THIS GROWTH FUND PLAN ("THE PLAN") IS A TAX-DEFERRED EMPLOYEE SAVINGS PLAN THAT AIMS TO SERVE AS A RETENTION TOOL FOR DIRECTORS, OFFICERS, PRINCIPALS AND SENIOR STAFF. HARLEM CHILDREN'S ZONE MAKES AN ANNUAL DEPOSIT INTO THE PLAN THAT IS VALUED AT 150% OF THE INDIVIDUAL EMPLOYEE'S BONUS FOR THE CURRENT YEAR. THE EMPLOYEE'S ACCOUNT ACCUMULATES ASSOCIATED EARNINGS OR LOSSES ON THE INVESTMENT OF THE CONTRIBUTED AMOUNT IN THE NO MARGIN SENIOR GROWTH FUND, WHICH IS MANAGED BY DUQUESNE FAMILY OFFICE, AT NO COST TO HARLEM CHILDREN'S ZONE OR THE EMPLOYEE. THE AMOUNTS CONTRIBUTED BY HARLEM CHILDREN'S ZONE, ALONG WITH THE ASSOCIATED EARNINGS OR LOSSES, VEST AFTER FIVE YEARS FROM THE DATE OF THE INITIAL CONTRIBUTION AND WILL BE PAID TO ELIGIBLE EMPLOYEES WHEN VESTED. TERMINATED EMPLOYEES BECOME VESTED IMMEDIATELY AT THE DATE OF THEIR TERMINATION. EMPLOYEES WHO MEET THE AGE AND SERVICE PROVISIONS OF THE PLAN (AGE VESTING) ARE VESTED IMMEDIATELY UPON MEETING THOSE PROVISIONS. HOWEVER, IF A PARTICIPATING EMPLOYEE LEAVES VOLUNTARILY, INCLUDING RETIREMENT IF THEY HAVE NOT REACHED THE AGE VESTING PROVISIONS, THEN THEIR CUMULATIVE UNVESTED CONTRIBUTION MADE BY HCZ AND ASSOCIATED EARNINGS OR LOSSES ARE FORFEITED. FOR CALENDAR YEAR 2020, EMPLOYEES RECEIVED A PAYOUT OF DEFERRED COMPENSATION FROM THE PLAN AND THOSE AMOUNTS HAVE BEEN RECORDED IN SCHEDULE J, PART II, COLUMN (B)(II) AND, BECAUSE THAT PAYOUT REPRESENTS COMPENSATION THAT WAS REPORTED ON PREVIOUS FORMS 990 AS DEFERRED COMPENSATION IN SCHEDULE J, PART II, COLUMN (C), IT IS RECORDED IN SCHEDULE J, PART II, COLUMN (F). PRESIDENT AND CEO, ANNE WILLIAMS-ISOM RETIRED IN JUNE OF 2020 AND WAS REPLACED BY THE NEW PRESIDENT, KWAME OWUSU-KESSE. MS. WILLIAMS-ISOM RECEIVED A PAYOUT OF HER ACCUMULATED EARNINGS IN THE HARLEM CHILDREN'S ZONE GROWTH FUND PLAN IN CALENDAR YEAR 2020. THIS GROWTH FUND PAYOUT IS DISCLOSED IN FORM 990, SCHEDULE J, PART II, COLUMN (B)(II) AND IN COLUMN (F). GEOFFREY CANADA, OFFICER OF HCZ, MET THE AGE AND SERVICE PROVISIONS OF THE 457 (F) PLAN (AGE VESTING) FOR CALENDAR YEAR 2020 THAT RESULTED IN IMMEDIATE VESTING OF HCZ'S GROWTH FUND CONTRIBUTION. THIS AMOUNT IS INCLUDED IN FORM 990, SCHEDULE J, COLUMN B (II). SCHEDULE J, LINE 7 HARLEM CHILDREN'S ZONE PROVIDES ANNUAL PERFORMANCE BONUSES TO ITS EMPLOYEES. THE BONUSES ARE DETERMINED AND APPROVED BY THE CEO, ANNE WILLIAMS-ISOM. BONUSES ARE APPROVED IN JUNE AND PAID OUT IN JULY (WHICH IS THE FOLLOWING FISCAL YEAR); HOWEVER, FOR 990 REPORTING PURPOSES, THE BONUS IS BOTH APPROVED AND PAID IN THE SAME CALENDAR YEAR (BUT DIFFERENT FISCAL YEARS); ACCORDINGLY, THE BONUSES ARE REPORTED AS CURRENT COMPENSATION IN COLUMN (B)(II). ZACHARY SCHREIBER BOARD OF TRUSTEE 66979664 SEE PART V 0 ZACHARY SCHREIBER BOARD OF TRUSTEE 1284549 SEE PART V 0 STANLEY DRUNKENMILLER CHAIRMAN OF BOARD 60874257 SEE PART V 0 ERIC MANDELBLATT BOARD OF TRUSTEE 51695707 SEE PART V 0 ERIC MANDELBLATT BOARD OF TRUSTEE 3337136 SEE PART V 0 SCHEDULE L, PART IV ZACHARY SCHREIBER, BOARD OF TRUSTEES MEMBER, MANAGES A LIMITED PARTNERSHIP INVESTMENT FUND IN WHICH HARLEM CHILDREN'S ZONE INVESTS. THE VALUE OF THE ORGANIZATION'S INVESTMENT IN THIS LIMITED PARTNERSHIP INVESTMENT AS OF JULY 30, 2021 IS APPROXIMATELY $66.9 MILLION. NEITHER MR. SCHREIBER NOR THE FUND CHARGE HARLEM CHILDREN'S ZONE ANY MANAGEMENT, ADVISORY OR SUPERVISORY FEES FOR MANAGING THE ORGANIZATION'S PORTFOLIO. NEVERTHELESS, THE VALUE OF THESE CONTRIBUTED SERVICES IS $1,284,549.STANLEY DRUCKENMILLER, CHAIRMAN OF THE BOARD, RUNS AN ALTERNATIVE INVESTMENT FUND IN WHICH HARLEM CHILDREN'S ZONE INVESTS. THE VALUE OF THE ORGANIZATION'S INVESTMENT IN THIS FUND AS OF JUNE 30, 2021 IS $60.8 MILLION. NEITHER MR. DRUCKENMILLER NOR THE FUND CHARGE HARLEM CHILDREN'S ZONE ANY MANAGEMENT, ADVISORY OR SUPERVISORY FEES FOR MANAGING THE ORGANIZATION'S PORTFOLIO.ERIC MANDELBLATT, BOARD OF TRUSTEES MEMBER, RUNS AN ALTERNATIVE INVESTMENT FUND IN WHICH HARLEM CHILDREN'S ZONE INVESTS. THE VALUE OF THE ORGANIZATION'S INVESTMENT IN THIS FUND AS OF JUNE 30, 2021 IS $51.7 MILLION. HARLEM CHILDREN'S ZONE PAID MANAGEMENT AND PERFORMANCE FEES TOTALING $3,337,136. X 25000 FMV X 15 16195883 FMV X COMPUTERS/EQUIPMENT 1 2018608 FMV 0 1 1 PART I, LINE 32B: TO THE EXENT THAT HARLEM CHILDREN'S ZONE RECEIVES DONATIONS OF SECURITIES, HCZ'S THIRD-PARTY BROKER DISPOSES OF THOSE SECURITIES; ALL PROCEEDS THEREFROM ARE USED TO SUPPORT THE ORGANIZATION'S CHARITABLE MISSION. FORM 990, PART III, LINE 1 ORGANIZATION'S MISSION (CONTINUED) FROM EARLY CHILDHOOD, EDUCATION, AND CAREER PROGRAMS TO COMMUNITY OUTREACH AND WELLNESS INITIATIVES, HCZ OPENS PATHWAYS TO MOBILITY AND PROSPERITY. HCZ'S UNIQUE APPROACH IS TO PROVIDE SUPPORTS FOR EACH STAGE OF A CHILD'S DEVELOPMENT AND ADDRESS ANY BARRIERS TO THEIR ACADEMIC SUCCESS. OUR EARLY-CHILDHOOD PROGRAMS HELP BUILD A STRONG FOUNDATION FOR LATER LEARNING. OUR TWO K THROUGH 12 CHARTER SCHOOLS ARE STAFFED WITH DEDICATED, QUALITY TEACHERS AND SPECIALISTS TO ENSURE OUR STUDENTS STAY ON TRACK FOR COLLEGE SUCCESS. WE ALSO OFFER AFTER-SCHOOL PROGRAMS FOR ELEMENTARY, MIDDLE, AND HIGH SCHOOL STUDENTS WHO LIVE IN THE ZONE AND ATTEND TRADITIONAL PUBLIC SCHOOLS - WORKING CLOSELY WITH THEM, THEIR TEACHERS, AND PARENTS TO MAKE SURE THEY GRADUATE ON TIME AND ARE READY FOR COLLEGE. WHETHER STUDENTS ATTEND LOCAL COLLEGES OR GO OUT-OF-TOWN, OUR CENTER FOR HIGHER EDUCATION AND CAREER SUPPORT (CHECS) HELPS THEM WITH EVERYTHING FROM TIME MANAGEMENT TO TUTORING TO SECURING PAID INTERNSHIPS, WHICH ARE SO IMPORTANT TO EARNING EXTRA INCOME AND GAINING INVALUABLE WORK EXPERIENCE. WE HAVE THE SAME EXPECTATIONS OF SUCCESS FOR THE CHILDREN WE SERVE FROM TRADITIONAL PUBLIC SCHOOLS AS WE DO FROM OUR CHARTER SCHOOLS. THOUGH OUR PROGRAMS WORK WITH THOUSANDS OF CHILDREN, WE MAKE SURE EACH CHILD GETS HIS OR HER SPECIFIC NEEDS MET AND IS FOCUSED ON GRADUATING FROM COLLEGE. CHILDREN FROM SIXTH GRADE AND UP ARE ASSIGNED AN ADVOCATE WHO CREATES AN ONGOING ASSESSMENT OF WHAT SERVICES ARE NECESSARY AND MAKES SURE THE STUDENT GETS THEM, WHETHER IT IS RELATED TO HEALTH CARE, A CHAOTIC HOME LIFE, OR AN ACADEMIC STUMBLING BLOCK. IN ADDITION TO OUR DIRECT WORK WITH CHILDREN, WE HAVE PROGRAMS AIMED AT STRENGTHENING FAMILIES AND THE VERY FABRIC OF THE COMMUNITY - TRANSFORMING THE NEIGHBORHOOD FROM ONE MIRED IN POVERTY TO ONE OF ECONOMIC STABILITY AND A POSITIVE CULTURE. SINCE WE ARE CONCERNED WITH THE ENTIRE CHILD, WE ALSO HAVE DEVELOPED PROGRAMS TO IMPROVE THE HEALTH OF OUR CHILDREN. BECAUSE OBESITY THREATENS THE HEALTH OF SO MANY OF OUR CHILDREN AND ADULTS, WE CREATED AN ORGANIZATION-WIDE PROGRAM CALLED HEALTHY HARLEM. WE CREATED A DATABASE OF THE HEIGHT, WEIGHT AND BODY MASS INDEX OF ALL PARTICIPANTS TO TRACK THEIR PROGRESS. THE PROGRAM OFFERS ONE HOUR A DAY OF EXERCISE AND ONE NUTRITION EDUCATION CLASS EACH WEEK TO THOUSANDS OF OUR STUDENTS. CHILDREN WITH THE MOST SEVERE OBESITY PROBLEMS RECEIVE MORE INDIVIDUALIZED ATTENTION. HEALTHY HARLEM ALSO WORKS WITH PARENTS, OFFERING EXERCISE CLASSES, HEALTHY COOKING CLASSES AND A SUBSIDIZED FARMERS MARKET. WE HAVE BECOME A NATIONAL MODEL FOR FIGHTING POVERTY AND EDUCATING AT-RISK YOUTH. HUNDREDS OF DELEGATIONS FROM AROUND THE WORLD HAVE VISITED US OR TAKEN WORKSHOPS TO LEARN ABOUT WHAT WE DO. PRESIDENT BARACK OBAMA CREATED THE PROMISE NEIGHBORHOODS PROGRAM TO USE FEDERAL MATCHING GRANTS TO REPLICATE OUR COMPREHENSIVE MODEL IN OTHER POOR COMMUNITIES ACROSS THE COUNTRY AND WE HAVE PROVIDED ADVICE TO THESE COMMUNITIES. GENERAL STATEMENT ABOUT COVID-19 PANDEMIC: IN MARCH 2020, THE WORLD HEALTH ORGANIZATION OFFICIALLY DECLARED COVID-19 , A DISEASE CAUSED BY THE NOVEL CORONAVIRUS, A PANDEMIC. THIS CAUSED MANY LOCAL AND NATIONAL GOVERNMENTS, INCLUDING NEW YORK STATE, TO IMPOSE RESTRICTIONS ON BUSINESS OPERATIONS, TRAVEL AND PUBLIC GATHERINGS. THE OUTBREAK HAS ADVERSELY IMPACTED THE LEVEL OF ECONOMIC ACTIVITY AROUND THE WORLD AND DISRUPTED NORMAL BUSINESS ACTIVITY IN EVERY SECTOR OF THE ECONOMY. AS A RESULT OF THE PANDEMIC, IN MID-MARCH 2020, HCZ MOVED TO VIRTUAL PROGRAM SERVICES FOR THE REMAINDER OF THE FISCAL YEAR. DURING FISCAL YEAR 2021, HCZ CONTINUED TO PRIMARILY OPERATE ITS PROGRAMS REMOTELY HOWEVER ALSO ADDED SOME IN-PERSON PROGRAMMING, WITH VARIOUS SAFETY PROTOCOLS IN PLACE, IN AN EFFORT TO MITIGATE LEARNING LOSS AND TO ENCOURAGE SOCIAL EMOTIONAL LEARNING. THE ANNUAL FUNDRAISING EVENT WAS HELD VIRTUALLY IN APRIL 2021. THE FULL IMPACT OF THE COVID-19 OUTBREAK CONTINUES TO EVOLVE AS OF THE DATE OF THIS REPORT. EXTERNAL FACTORS, INCLUDING THE DURATION AND INTENSITY OF THE PANDEMIC, THE SHAPE OF THE ECONOMIC RECOVERY AND ITS IMPACT ON POTENTIAL FUNDING, AS WELL AS TIMING AND WIDESPREAD ADOPTION OF VACCINES, COULD HAVE AN IMPACT ON THE ORGANIZATION'S FUTURE OPERATING AND PROGRAMMATIC RESULTS. FORM 990, PART IV LINE 4 LOBBYING DISCLOSURE HARLEM CHILDREN'S ZONE DOES NOT UNDERTAKE ANY LOBBYING ACTIVITIES. HCZ PRESIDENT GEOFFREY CANADA IS A VERY PROMINENT INDIVIDUAL IN THE COMMUNITY AND HE MAY UNDERTAKE ADVOCACY EFFORTS THAT HAVE ANCILLARY BENEFITS TO HARLEM CHILDREN'S ZONE. MR. CANADA'S ADVOCACY EFFORTS, TO THE EXTENT THERE ARE ANY, ARE UNDERTAKEN AT HIS OWN BEHEST AND ARE FUNDED FROM HIS OWN PERSONAL FINANCES; HARLEM CHILDREN'S ZONE DOES NOT SUBSIDIZE THOSE EFFORTS. FORM 990, PART VI, SECTION B, LINE 11B POLICIES PROCESS USED TO REVIEW FORM 990 THE FORM 990 WAS PREPARED BY A NATIONALLY RENOWNED ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCE DEPARTMENT. A COPY OF THE DRAFT FORM 990 WAS CIRCULATED TO THE AUDIT COMMITTEE FOR DISCUSSION AND COMMENT. EACH AUDIT COMMITTEE MEMBER WAS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. THE AUDIT COMMITTEE WILL SUMMARIZE ITS FINDING ON THE FORM 990 TO THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT AND MONITORING OF CONFLICT OF INTEREST POLICY ALL EMPLOYEES ARE EXPECTED TO USE HONESTY, GOOD JUDGEMENT AND HIGH ETHICAL STANDARDS IN ALL PROFESSIONAL DEALINGS. ALL EMPLOYEES MUST AVOID ANY ACTIONS THAT COULD CREATE A CONFLICT OF INTEREST OR THE APPEARANCE OF SUCH A CONFLICT OR REFLECT UNFAVORABLY ON THEM OR ON HARLEM CHILDREN'S ZONE. AN EMPLOYEE MUST DISCLOSE IF SHE/HE OR AN IMMEDIATE FAMILY MEMBER HAS ANY POTENTIAL CONFLICT OF INTEREST SUCH AS A RELATIONSHIP TO A THIRD PARTY VENDOR WHO SEEKS OR HAS A BUSINESS RELATIONSHIP WITH HARLEM CHILDREN'S ZONE. AN EMPLOYEE'S VIOLATION OF THIS POLICY, ESPECIALLY A FAILURE TO REPRESENT ACCURATELY HIS OR HER CONNECTION OR ACTION ON BEHALF OF HARLEM CHILDREN'S ZONE AND A THIRD PARTY WILL CONSTITUTE GROUNDS FOR DISCIPLINARY ACTION, UP TO AND INCLUDING TERMINATION OF EMPLOYMENT. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE ORGANIZATION UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIAL AND ALL OF ITS OFFICERS AND KEY EMPLOYEES IS REASONABLE GIVEN THE MARKET IN WHICH THE ORGANIZATION OPERATES. HARLEM CHILDREN ZONE RECENTLY COMMISSIONED A COMPENSATION SURVEY IN MARCH OF 2021 TO ENSURE THAT THE WAGES IT PAYS ITS EXECUTIVES IS COMMENSURATE WITH THE MARKET IN WHICH IT OPERATES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS TO THE PUBLIC THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION POSTS ITS AUDITED FINANCIAL STATEMENTS AND FORM 990 ON ITS WEBSITE, BUT ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AND PROVIDED AT MANAGEMENT'S DISCRETION. FORM 990, PART VIII, LINE 7 THE HARLEM CHILDREN'S ZONE INVESTS IN NON-EXCHANGE TRADED ALTERNATIVE INVESTMENTS (AS IDENTIFIED IN SCHEDULE D, PART VII). SINCE THESE INVESTMENTS ARE NOT TRADED ON TRADITIONAL INVESTMENT MARKETS, THE ORGANIZATION RELIES ON ITS INVESTMENT BROKERS TO IDENTIFY ITS GAINS AND LOSSES DURING THE FISCAL YEAR. HISTORICALLY, THE ORGANIZATION'S INVESTMENT BROKERS HAVE REPORTED ALL GAINS AS UNREALIZED GAINS ON INVESTMENTS AND NOT SEGREGATED ANY REALIZED GAINS. HARLEM CHILDREN'S SERVICE WAS ABLE TO IDENTIFY REALIZED LOSSES OF $(330,082) AND REPORTED IT ON FORM 990, PART VIII, LINE 7. RHEEDLEN 125TH STREET LLC 35 EAST 125TH STREET NEW YORK NY 10035 HOLD PROPERTY NY 0 0 HCZ HCZ PROMISE LLC 35 EAST 125TH STREET NEW YORK NY 10035 272392634 HOLD PROPERTY NY 0 0 HCZ 168 TITICUS RD LLC 168 TITICUS ROAD NORTH SALEM NY 10560 HOLD PROPERTY NY 0 0 HCZ HCZ PROMISE ACADEMY CHARTER SCHOOL 245 W 129TH STREET NEW YORK NY 10027 760756768 EDUCATION NY 501(C)(3) LINE 2 HCZ 1 HCZ PROMISE ACADEMY CHARTER SCHOOL II 35 EAST 125TH STREET NEW YORK NY 10035 342049530 EDUCATION NY 501(C)(3) LINE 2 HCZ 1 1 1 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 1 1 SCHEDULE R, RELATED PARTY TRANSACTIONS PURSUANT TO THE TERMS OF COMMITMENT LETTERS BETWEEN HCZ AND THE PROMISE ACADEMY CHARTER SCHOOLS, ("PACS"), HCZ, AS THE PACS'S INSTITUTIONAL PARTNER, COMMITTED TO PROVIDE THE PACS CERTAIN SERVICES AT NO COST. PACS ARE TWO HIGH-QUALITY CHARTER SCHOOLS AFFILIATED WITH THE ORGANIZATION. THESE SERVICES INCLUDE FINANCIAL MANAGEMENT, SOCIAL, TECHNOLOGY, FUNDRAISING, PUBLIC RELATIONS, AND TEACHING ASSISTANCE SERVICES. BOTH CHARTER SCHOOLS HAVE RENEWED THEIR COMMITMENT LETTERS WITH HARLEM CHILDREN'S ZONE FOR A FOUR-YEAR PERIOD THAT RUNS THROUGH JUNE 30, 2024. HCZ'S CONTRIBUTED SPACE AND SERVICES PROVIDED TO THE PACS FOR THE YEAR ENDED JUNE 30, 2021 AMOUNTED TO $3,068,266. HARLEM CHILDREN'S ZONE INCLUDES WITHIN ITS SECTION 457(F) AND TEACHERS SUPPLEMENTAL BONUS PLAN, CERTAIN EMPLOYEES OF BOTH CHARTER SCHOOLS AND, FOR THE YEAR ENDED JUNE 30, 2021, PROVIDED THE CHARTER SCHOOLS A SUBSIDY OF $2,322,511 TO COVER THIS COST.