2016-02-29T15:58:04-06:00 2015-06-30 GRANT THORNTON LLP 757 THIRD AVE 2ND FLOOR NEW YORK NY 100172013 990 2014-07-01 760756768 HARLEM CHILDREN'S ZONE PROMISE ACADEMY charter school % ALPHA CONTEH HARL 2123603255 245 W 129th Street NEW YORK NY 10027 James Hutter Chief Financial Officer 6315771867 2016-02-29 true scott thompsett P00741490 2125990100 2014 2016-08-17 19:52:53Z X Anne Williams-Isom 245 W 129th Street NEW YORK NY 10027 18691921 false X WWW.HCZPROMISE.ORG X 2004 NY To provide high quality, standards-based academic programs for students, grades k-12, from underserved communities and underperforming school districts. 10 8 264 0 0 16238769 18567217 0 0 79 65 115052 124639 16353900 18691921 0 0 0 0 13256296 16427480 0 0 0 3311295 5512988 16567591 21940468 -213691 -3248547 11015484 81862516 7319741 8136158 3695743 73726358 X The mission of the Harlem Children's Zone Promise Academy Charter School is to ensure that children from under-served communities are academically, socially and emotionally ready to succeed in college and tomorrow's workplace. The school's committed, caring staff provide comprehensive services to children in kindergarten through 12th grade - as well as to their families - so they are well equipped for the opportunities ahead. false false 20909873 0 0 Following New York State's adoption of the Common Core standards and the new, more-challenging statewide tests in English Language Arts and math (for grades 3-8) in 2013, test scores fell across the state. In 2015, Promise Academy students had higher aggregate scores on the English Language Arts test than students in the local District 5, as well as black students in New York City and in New York State. On the statewide math test, Promise Academy students outperformed District 5 students, as well as New York City and New York State students overall. Ninety-seven percent of the school's seniors have passed the English Regents. Ninety-eight percent of seniors have passed a science Regents and 88% have passed the global history Regents. The Promise Academy High School works with Bard Early College to offer pre-college and college-level classes to our students, so that many students will graduate with college-level skills and will have earned college credits. The school has an extended school day and year to give students more time on-task to master basic subjects and have enough time to pursue science, social studies, the arts and physical education. The students also have access to a free after-school program that works hand in hand with the day school as well as offering students enrichment classes in a variety of disciplines such as dance, photography, chess and fashion design. The school also has a multi-faceted program to make sure students are ready for college, which includes SAT preparation classes, college counseling and campus visits, as well as support for the application and selection processes. The school also has a social-work team to address any emotional/social issues that may get flagged by teachers or school staff. We also make sure that children have access to up-to-date technology: each classroom is equipped with a SmartBoard and students have access to laptop computers. The overall goal is to make sure each child gets what he or she needs in order to succeed academically and become well-rounded and public spirited, ready for college and adulthood. 20909873 true true false false false false false false false false true false false true true true true false true false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 6 0 true 264 true false false false false false false false false false false X 10 8 false false false false false false false true true false false true true true true true true true true false X X ALPHA CONTEH 2123603255 35 E 125TH STREET NEW YORK NY 10035 Kenneth Langone Chairman Emeritus 2.0 1.0 X X 0 0 0 Geoffrey Canada Chairman & President 2.0 40.0 X X 0 450494 196253 Mitch Kurz Treasurer/secretary 2.0 1.0 X X 0 0 0 Aisha Tomlinson BOARD MEMBER 2.0 0.0 X 0 0 0 Stanley Druckenmiller board member 2.0 1.0 X 0 0 0 Arlene Gibson board member 2.0 2.0 X 0 0 0 Denise Nash-Fuller board member 2.0 2.0 X 0 0 0 Alfonso Wyatt board member 2.0 0.0 X 0 0 0 Willie Mae Lewis Board member 2.0 2.0 X 0 0 0 Anne williams-isom CEO 2.0 40.0 X X 0 301584 96164 James D Hutter Chief Financial Officer 1.0 40.0 X 0 148077 11869 Marquitta Speller Principal - High School 40.0 0.0 X 171382 0 48805 Tonya White principal - lower elementary 40.0 0.0 X 185143 0 47996 Achil Petit Principal - UPPER ELEMENTARY 40.0 0.0 X 200425 0 41844 Edward Landry Coach- Mid. School(thru 08/14) 40.0 0.0 X 277517 0 17951 Colleen McEvoy Teacher -Element.(Thru 08/14) 40.0 0.0 X 163808 0 13758 998275 900155 474640 19 false true false 0 1856750 16710467 18567217 0 65 65 0 0 0 0 0 0 0 0 0 NYC E-RATE DISCOUNTS 900099 102303 102303 OTHER INCOME 900099 22336 22336 124639 18691921 124704 0 0 0 0 0 0 0 12680861 12046818 634043 239735 227748 11987 2279665 2165682 113983 1227219 1165858 61361 0 5000 4750 250 67310 63945 3365 0 0 0 528695 493725 34970 0 126963 120615 6348 77833 73941 3892 0 2048908 1932435 116473 56237 53425 2812 0 0 0 0 73575 69896 3679 78201 74291 3910 FOOD 933358 933358 SPECIAL SERVICES/INCENTIVES 365390 365390 STUDENT TRAVEL 252071 252071 CLASSROOM SUPPLIES 151871 151871 747576 714054 33522 21940468 20909873 1030595 0 2522382 1559511 0 0 495524 627566 0 0 0 0 0 0 0 0 0 0 96257 89726 367874 251800 191641 116074 0 0 0 0 0 0 0 0 7709680 79469639 11015484 81862516 1887476 1508404 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5432265 6627754 7319741 8136158 X 3695743 2279175 0 71447183 0 0 3695743 73726358 11015484 81862516 -3248547 73279162 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 348297 234650 113647 19577 17150 2427 116074 DUE FROM RELATED PARTY 8022456 CONTRIBUTION REC. (SPACE) 71447183 79469639 0 457(F) PLAN LIABILITY 6627754 6627754 X 92422324 73730403 73730403 18691921 18691921 22391709 451241 451241 21940468 21940468 Schedule D, Fin 48 statement THE SCHOOL RECOGNIZES THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESMENT 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. MANAGEMENT DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WITHIN ITS FINANCIAL STATEMENTS. THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXATION BY VIRTUE OF BEING AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. NEVERTHELESS, THE SCHOOL MAY BE SUBJECT TO TAX ON ANY INCOME DEEMED UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE TAX YEARS ENDING JUNE 30, 2012, 2013, 2014, AND 2015 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. true true true true true true true false false false false false false false false true false true Form 990, Schedule E, Line 3 The Harlem Children's Zone Promise Academy Charter School does not discriminate on the basis of prior academic achievement, athletic ability, disability, race, creed, national origin, gender, religion, or any other grounds that would be unlawful. The school's admissions procedures are consistent with the provisions of New York education law 2854(2). Form 990, Schedule E, Line 6a Under the School's charter school agreement and the charter schools act, the school is entitled to receive funding from state and federal sources that are available to public schools. These funds include state pupil enrollment funds, federal food subsidies and Titles I and II funding. false true false false false false false true false Geoffrey Canada Chairman & President 0 179622 0 270872 0 0 0 176125 0 20128 0 646747 0 120872 Marquitta Speller Principal - High School 146382 0 25000 0 0 0 42131 0 6674 0 220187 0 0 0 Tonya White principal - lower elementary 122269 0 62874 0 0 0 35054 0 12942 0 233139 0 42874 0 Achil Petit Principal - UPPER ELEMENTARY 141345 0 59080 0 0 0 35170 0 6674 0 242269 0 39080 0 James D Hutter Chief Financial Officer 0 148077 0 0 0 0 0 0 0 11869 0 159946 0 0 Anne williams-isom CEO 0 246584 0 55000 0 0 0 89490 0 6674 0 397748 0 0 Edward Landry Coach- Mid. School(thru 08/14) 59408 0 6000 0 212109 0 13526 0 4425 0 295468 0 212109 0 Colleen McEvoy Teacher -Element.(Thru 08/14) 57918 0 0 0 105890 0 3209 0 10549 0 177566 0 105890 0 Schedule J, Part 1, Line 4(b) Harlem Children's Zone has a Section 457(f) plan that all members of senior management participate in. Certain Promise Academy employees are permitted to participate in the plan as well. This Growth Fund Plan is a tax-deferred employee savings plan for directors, 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 accumulates income on the investments in the No Margin Senior Management Growth Fund (which is managed by Duquesne Management); after five years, the employee receives a payout. Schedule J, Part 1, Line 7 As noted in the narrative to Form 990, Part VI, Line 15, all bonuses or merit pay increases issued to Promise Academy employees are determined by the CEO, Anne Williams-Isom. All bonuses are performance based and the recipients do not have any input into the amount of the bonus they receive. Compensation decisions are documented in the organization's Board Minutes. FORM 990, PART VI Policies Line 11 - 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 Board of Trustees for discussion and comment. Each Board of Trustees Member was provided with an opportunity to comment on the information contained in the 990 prior to its filing with the Internal Revenue Service. Line 12 - Enforcement of conflict of interest policy: The Promise Academy operates under the conflict of interest policy of its institutional partner, the Harlem Children's Zone. 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. Line 13 & 14 - whistleblower and document retention policy: The Promise Academy operates under the whistleblower and document retention policy of its institutional partner, The Harlem Children Zone. Line 15 - Process for determining compensation: The organization's top management official is Anne Williams-Isom. The procedures for determining Ms. Williams-Isom's compensation package are documented in the Harlem Children Zone Form 990 as that organization pays her compensation. Ms. Williams-Isom makes all compensation decisions for the employees at the Promise Academy, including the principals. To the extent that any merit pay or bonuses are warranted, the Principals will make recommendations for Teachers and Administrators. Ms. Williams-Isom makes the decisions regarding the Principals' bonuses. All bonuses are strictly tied to employee performance, usually determined by student academic success and well-being. The organization makes a conscious effort to compensate its executives commensurate with the market. Form 990, Part VI Line 19- Availability of docUMENTS to the public: The Academy 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's financial statements and Form 990 are published on its website; its governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion. THE HARLEM CHILDREN'S ZONE 35 EAST 125TH STREET NEW YORK NY 10035 237112974 Social Svcs NY 501(c)(3) 7 NA false HARLEM CHILDRENS ZONE PROMISE ACADEMY II 35 EAST 125TH STREET NEW YORK NY 10035 342049530 education NY 501(c)(3) 2 NA false false false true false false false false false false false false false true true true true true true true Form 990, Schedule R, Part V, Line 2 Pursuant to the terms of a commitment letter between Harlem Children's Zone (HCZ) and the Promise Academy, HCZ, as the School's Institutional Partner, committed to provide the Academy, during the initial five-year term of its charter, certain services at no cost. The Charter School has renewed its commitment letter with Harlem Children's Zone for an additional five year period that runs through June, 2019. These services include financial management, social, library, technology, fundraising, public relations, and teaching assistance services. The value of the contributed services rendered to the Academy for the year ending June 30, 2015 is $451,241. In addition to contributed services, the Academy received the use of space at the Harlem Children Zone's newly constructed building located at 245 W. 29th Street, New York, New York. Upon execution of the sublease agreement, the Academy recorded a $73,279,162 contribution receivable which represents the imputed fair value of the space under the lease. HCZ maintains a 457(f) plan for certain eligible employees of the School. Employees become eligible to participate in this plan based solely at the discretion of the School's Board of Trustees. The amounts contributed vest five years after the date of the initial contribution and will then be paid to eligible employees when vested. HCZ provides the School with an annual subsidy to cover this cost by contributing to a HCZ investment account. During fiscal 2014, HCZ provided a subsidy of $1,056,750 for the fiscal 2014 contribution to the 457(f) plan.