2015-03-17T11:22:23-05:00 2014-06-30 GRANT THORNTON LLP 757 THIRD AVE 2ND FLOOR NEW YORK NY 100172013 990 2013-07-01 760756768 HARLEM CHILDREN'S ZONE PROMISE ACADEMY charter school % DENINE FOSTER HARL 2123603255 35 EAST 125TH STREET Suite NEW YORK NY 10035 James D Hutter CFO 6315771867 2015-03-17 true Scott Thompsett P00741490 6315771867 2013 2016-04-25 22:37:26Z GEOFFREY CANADA 35 EAST 125TH STREET NEW YORK NY 10035 16353900 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. 9 8 257 0 0 15855254 16238769 0 0 99 79 291795 115052 16147148 16353900 0 0 0 0 11709295 13256296 0 0 0 3120099 3311295 14829394 16567591 1317754 -213691 10994606 11015484 7085172 7319741 3909434 3695743 X The mission of Harlem Children's Zone Promise Academy Charter School (HCZ Promise Academy) is to provide high quality, standards-based academic programs for students, grades K-12, from underserved communities and underperforming school districts, and to provide students with the skills they need to be accepted by and succeed in college. HCZ Promise Academy promotes high achievement in all subjects through a demanding curriculum, extensive supportive services and the use of data-driven teaching methods. HCZ Promise Academy is committed to promoting academic accomplishment, positive character development, healthy lifestyles and leadership skills. In partnership with the Harlem Children's Zone, HCZ Promise Academy addresses the educational and developmental needs of each student. false false 15618971 0 0 Following New York State's adoption of the Common Core State Standards and new state tests in English Language Arts (ELA) and Math for grades 3-8 in 2013, test scores fell across the state. In 2014, students of HCZ Promise Academy outperformed the local community school district 5 (CSD 5) in both Math and ELA and demonstrated growth in Math, outperforming the proficiency rate of NYC and NYS. HCZ Promise Academy students had a proficiency rate of 22% on the NYS ELA exam, exceeding the rate of 15% for CSD 5. In Math, 37% of the HCZ Promise Academy students were proficient, compared to 15% of students in CSD 5, 34% of students in NYC, and 36% of students in NYS. Additionally, after only one or two years in high school the current cohorts of Promise Academy high school students have already out performed the NYS four-year passage rate for math and science regents exams: 92% of the HCZ Promise II Class of 2017 and 96% of the Class of 2016 have already passed a regents exam in math, compared to 84% for the NYS Class of 2013; and 98% of the HCZ Promise II Classes of 2017 and 2016 have already passed a regents exam in science, compared to 82% for the NYS Class of 2013. Our high school has partnered with the Bard Early College Program and the Princeton Review. Our partnership with Bard informs our daily practice in the classroom. Teachers learn methods that help to increase the rigor of their daily lessons. The Princeton Review, a comprehensive prep tool, allows students to hone their test-taking skills with in-class extensive practice and drills. We believe that all children should have the same basic and equal starting point from which to grow. That is why our pipeline of services is so important for our families, as are the additional services we offer to children and their families as an organization, such as healthy and hearty nutrition, access to health and mental health services, foster care prevention, and a safe and nurturing place to be in during after-school, weekend and summer hours. HCZ Promise Academy's pipeline of services ensures that our students begin on the same playing field as children from more affluent communities across the country. Part of the HCZ Promise Academy mission is to "provide students with the skills they need to be accepted by and succeed in college". One of the ways in which the school achieves this is by having an extended school year and extended days, so that students may benefit from spending increased time in structured and productive academic environments. HCZ Promise Academy has an academic year of 202 days, surpassing the 180 days required by law. Additionally, our school days run from 8 AM to 4 PM, with a robust after-school program from 4:00 PM to 6:00 PM. The additional time students are required to spend in school is vital, as it allows the time necessary for a more extensive academic curriculum. Research has proven that there is a direct correlation between an extended year/days and increased academic achievement because it improves student motivation and narrows the achievement gap. At HCZ Promise Academy, students are expected to attend the school's mandatory 15-20 day summer program to be able to keep up with the demanding curriculum and take full advantage of the extensive supportive services. We have also made sure that the children have access to the best and latest education technology, including computer labs, smart boards in the classroom and computer-based assessment software. Because of our longer school day, we are also able to ensure that our students learn about the arts, in part through a unique partnership we have with Jazz at Lincoln Center. 15618971 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 true false false false false true false false false true 1 0 true 257 true false false false false false false false false false false X 9 8 true false false false false false false true true false false true true true true true true true true false X X DENINE FOSTER 2123603255 35 EAST 125TH STREET NEW YORK NY 10035 Kenneth Langone Chairman 2.0 1.0 X X Geoffrey Canada president & CEO 2.0 40.0 X X 0 333415 196163 Mitch Kurz Treasurer 2.0 1.0 X X Aisha Tomlinson BOARD MEMBER 2.0 X Stanley Druckenmiller board member 2.0 1.0 X Arlene Gibson board member 2.0 2.0 X Denise Nash-Fuller board member 2.0 2.0 X Alfonso Wyatt board member 2.0 X Willie Mae Lewis Board member 2.0 2.0 X Mark Moyer Chief Financial Officer 1.0 40.0 X 0 253700 18750 Marquitta Speller Principal - High School 40.0 X 165242 0 62785 Tonya White principal - lower elementary 40.0 X 138401 0 44217 Shakira Petit Principal - Middle School 40.0 X 151644 0 44328 Achil Petit Principal - UPPER ELEMENTARY 40.0 X 169018 0 43271 Asif Padela Director, Instruction 40.0 X 147246 0 57716 771551 587115 467230 21 false true false A-List Services LLC 363 7th Avenue NEW YORK NY 10001 Education Consultant 192670 Personalized Lesson Plans 153 Buckwalter Road ROYERSFORD PA 19468 Education Consultant 118930 2 1685565 14553204 782565 16238769 0 79 79 0 0 0 0 0 0 0 0 0 NYC E-RATE DISCOUNTS 900099 110936 110936 OTHER INCOME 900099 4116 4116 115052 16353900 115131 0 0 0 0 0 0 10205990 9593664 612326 221806 209562 12244 1735318 1625509 109809 1093182 1033111 60071 0 0 60738 57548 3190 0 0 0 427236 404799 22437 0 118605 112627 5978 81007 76911 4096 0 7042 -50273 57315 8589 7971 618 0 0 0 0 173132 164475 8657 84433 80211 4222 FOOD 848261 848261 SPECIAL SERVICES/INCENTIVES 334313 334313 CLASSROOM SUPPLIES 295092 279744 15348 TRAINING 178893 169948 8945 693954 670590 23364 16567591 15618971 948620 0 3945475 2522382 0 0 875449 495524 0 0 0 0 0 0 0 0 0 0 45784 96257 1387992 1196351 349017 191641 0 0 0 0 0 0 0 0 5778881 7709680 10994606 11015484 1637241 1887476 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5447931 5432265 7085172 7319741 X 3909434 3695743 0 0 0 0 3909434 3695743 10994606 11015484 -213691 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25160 24242 918 767360 582978 184382 595472 589131 6341 191641 DUE FROM RELATED PARTY 7709680 7709680 0 457(F) PLAN LIABILITY 5432265 5432265 X 20190817 3836917 3836917 16353900 16353900 20404508 3836917 3836917 16567591 16567591 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, 2011, 2012, 2013, AND 2014 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. true true false false false false false true false Geoffrey Canada president & CEO 0 220899 0 112516 0 0 0 179995 0 16168 0 529578 0 112516 Marquitta Speller Principal - High School 130242 0 35000 0 0 0 57508 0 5277 0 228027 0 0 0 Tonya White principal - lower elementary 118401 0 20000 0 0 0 33986 0 10231 0 182618 0 0 0 Shakira Petit Principal - Middle School 110527 0 41117 0 0 0 34097 0 10231 0 195972 0 21117 0 Achil Petit Principal - UPPER ELEMENTARY 125901 0 43117 0 0 0 37910 0 5361 0 212289 0 21117 0 Asif Padela Director, Instruction 105353 0 41893 0 0 0 41803 0 15913 0 204962 0 0 0 Mark Moyer Chief Financial Officer 0 198450 0 31250 0 24000 0 18750 0 0 0 272450 0 0 Schedule J, Part 1, Line 4(a) Interim Chief Financial Officer, Mark Moyer, received a severance payment in calendar year 2013. This amount has been reflected in Form 990, Schedule J, Part II, Column (b)(iii) 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. 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 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 founder of the Harlem Children's Zone, Geoffrey Canada. 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. X 1 782565 cost false true false Schedule M, Line 32(a) The Academy does not traditionally receive non-cash contributions (other than foodstuff items contributed by the Harlem Children's Zone). FORM 990, PART VI Line 2 - Family and/or Business Relationships Top Five Highly Compensated Employees, Shakira Petit and Achil Petit have a family relationship. 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 financial 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 to 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 Geoffrey Canada. The procedures for determining Mr. Canada's compensation package are documented in the Harlem Children Zone Form 990 as that organization pays him his compensation. Mr. Canada 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. Mr. Canada 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 false false 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. In addition, HCZ committed to provide the School with the use of space in its premises located at 35 East 125th Street, New York, NY. The amount reported for in-kind contributions for the year ending June 30, 2014 totals $4,619,482. Included within the $4,619,482 of gifts-in-kind is donated food of $782,565. The donated food is reported on Part VIII, Line 1(g) and on Schedule M. 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 2013, HCZ provided a subsidy of $903,000 for the fiscal 2013 contribution to the 457(f) plan.