2014-05-02T13:52:56-05:00 2013-06-30 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174057 990 2012-07-01 760756768 HARLEM CHILDREN'S ZONE PROMISE ACADEMY charter school % ALPHA CONTEH HARL 2123603255 35 EAST 125TH STREET Suite NEW YORK NY 10035 ALPHA CONTEH 2123603255 2014-05-02 true 2125990100 2012 2015-11-30 17:44:51Z GEOFFREY CANADA 35 EAST 125TH STREET NEW YORK NY 10035 16147148 false X WWW.HCZPROMISEACADEMY.ORG X 2004 NY To provide high quality, standards-based academic programs for students, grades k-12, from underserved communities and underperforming school districts. 11 10 257 0 0 15832609 15855254 0 0 100 99 98931 291795 15931640 16147148 0 0 0 0 12289899 11709295 0 0 0 3231071 3120099 15520970 14829394 410670 1317754 8365080 10994606 5773400 7085172 2591680 3909434 X The mission of Promise Academy I Charter School is to prepare children, K - 12, for college and the high-skills job market. The school will do "whatever it takes" to work with students and their families to ensure they are on-track academically, self-reliant, healthy, civic-minded and well-rounded. false false 13939964 0 0 Promise Academy I Charter School provides students with a rigorous, caring environment in which to learn and grow, while also providing wraparound services to make sure that all of our children receive whatever they need to stay on track for college and life success. Promise Academy I provides an extended school day and a longer academic year than traditional public schools. The Promise Academy academic year is 202 days long, 12% longer than the 180 days legally required by New York State. Students are in school from 8:00 am to 4:00 pm, on average an hour longer per day than New York City public schools. Throughout the year, the school holds Saturday Academy to provide students with additional time-on-task. In addition to the extended school day, the majority of students participate in Promise Academy's academically enriching after school program, offered from 4:00 pm - 7:00 pm five days per week. The after school program provides tutoring and homework help, working closely with teachers to ensure continuity between the school day and after school. The after school program also offers a variety of engaging and enriching extracurricular activities such as dance, music, chess, media arts, and athletics. Promise Academy I graduated its second high school class at the end of the 2012-2013 academic year; 98.5% of the class graduated on time. The high school students performed remarkably well on the 2013 New York State Regents Exams, with 97% passing Math Regents, 98.5% passing English Language Arts, and 98.5% passing Science. Significantly, 61.8% of Promise Academy's general education class were deemed college ready, compared to 35.3% of New York State and 21.9% of New York City public school classes of 2012. The 2013 New York State ELA and Math Exams for grades 3 - 8 were completely overhauled from previous years to include the rigorous Common Core Standards in an effort to better prepare students across the State for college success. As a result of these changes, Promise Academy, along with New York City as a whole, experienced a drop in student performance. Overall, Promise Academy students continued to significantly outperform the local Central Harlem Community School District 5 (CSD5) in ELA and math. Promise Academy I outperformed CSD5 in every grade in math, and in most grades, outperformed the City as well. Promise Academy has adjusted its curricula and instruction to be aligned with the Common Core Standards and will continue to build student learning within these new standards. A study by a Harvard Economist, Dr. Roland Fryer, compared the performance of Promise Academy students with a cohort of students who had also applied to Promise Academy, but did not win the lottery selection process. He found that Promise Academy students had remarkably higher rates of college acceptance, and lower rates of incarceration and teen pregnancy. Promise Academy I utilizes the best and latest education technology - to give our children every advantage in preparing for college and the high-skills job market - including, computer labs, SMART Boards in the classrooms, and computer-based assessment software. The extended school day and longer academic year allow Promise Academy I to provide weekly enrichment activities, including art class, regular healthy living and physical fitness programming and a strong science curriculum incorporated into the youngest grade levels. A unique partnership with Jazz at Lincoln Center has exposed Promise Academy students in all grades to jazz music and history through hands-on lessons and concert going activities. To ensure the overall well-being of our students, all students have access to holistic wrap-around services, including free medical and dental care. The school has a social-work team to support the emotional and mental well-being of students and their families. In addition, students receive a healthy breakfast, lunch and snack each day free-of-charge. 13939964 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 11 10 true false false false false false false true true false false true true true true true true true true false X ALPHA CONTEH 2123603255 35 EAST 125TH STREET NEW YORK NY 10035 Kenneth Langone 2.0 1.0 X X Geoffrey Canada 2.0 40.0 X X 307016 183423 Mitch Kurz 2.0 1.0 X X Aisha Tomlinson 2.0 X Stanley Druckenmiller 2.0 1.0 X Arlene Gibson 2.0 X Denise Nash-Fuller 2.0 X Madeline White 2.0 X Alfonso Wyatt 2.0 X Willie Mae Lewis 2.0 X Dorlin Reyes 2.0 X Mark Moyer from 0113 1.0 40.0 X 0 0 0 Marquitta Speller 40.0 X 163424 73554 Tonya White 40.0 X 130533 42411 Shakira Petit 40.0 X 115541 47020 Achil Petit 40.0 X 137932 47159 RENEE A HARRIS-CHRISTIE 40.0 X 160484 6854 707914 307016 400421 19 false true false GRANT THORNTON 666 THIRD AVENUE 13th FLOOR NEW YORK NY 100174011 ACCOUNTING SERVICES 174053 FRIENDS OF BEDFORD INC 1325 E 96th ST BROOKLYN NY 112364814 EDUCATION CONSULTING 109344 2 2029239 13826015 725739 15855254 0 99 99 0 0 0 0 0 0 0 0 0 NYC E-RATE DISCOUNTS 900099 291795 291795 291795 16147148 291894 0 0 0 0 0 0 9496943 8883982 612961 210629 200098 10531 1272377 1161753 110624 729346 679812 49534 0 0 116653 109831 6822 0 0 0 237197 223326 13871 0 78331 74412 3919 113587 107908 5679 0 67789 59312 8477 182563 181243 1320 0 0 0 0 116642 110810 5832 65476 62202 3274 FOOD 754612 754612 0 CLASSROOM SUPPLIES 340482 323427 17055 TRAINING 251047 238495 12552 TELEPHONE 192789 183150 9639 602931 585591 17340 14829394 13939964 889430 0 1904582 3945475 0 0 1567181 875449 0 0 0 0 0 0 0 0 0 0 222513 45784 1372236 1023219 267665 349017 0 0 0 0 0 0 0 0 4403139 5778881 8365080 10994606 1678493 1637241 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4094907 5447931 5773400 7085172 X 2591680 3909434 0 0 0 0 2591680 3909434 8365080 10994606 1317754 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 751604 597240 154364 620632 425979 194653 349017 DUE FROM RELATED PARTIES 5778881 5778881 0 457(F) PLAN LIABILITY 5245164 DUE TO RELATED PARTIES 202767 5447931 X 20292614 4145466 4145466 16147148 16147148 18974860 4145466 4145466 14829394 14829394 Schedule D, Fin 48 statement The School 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 be recognized 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 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. 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 income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. The tax years ending June 30, 2010, 2011, 2012 and 2013 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 151750 138266 17000 164185 19238 490439 138266 Marquitta Speller 123424 40000 0 66003 7551 236978 Tonya White 115533 15000 0 27769 14642 172944 Shakira Petit 95541 20000 0 35215 11805 162561 Achil Petit 117932 20000 0 39185 7974 185091 RENEE A HARRIS-CHRISTIE 77173 78949 4362 3834 3020 167338 Schedule J, Part 1, Line 4(a) Special Education Coordinator, Renee A Harris-Christie, received a severance payment in 2012 in the amount of $3,970. This severance payment is reported 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 starts to receive payouts. For calendar year 2012, no Promise Academy employees received a Growth Fund payout; accordingly, no entries have been recorded in Schedule J, column (b)(ii) and in column (f). President & CEO, Geoffrey Canada, is the lone individual reported in Schedule J tha 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 725739 cost false true true 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). To the extent that the Academy receives noncash contributions of securities, its investment broker is tasked with disposing those investments. Policies 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 Finance committee for discussion and comment. Each Finance 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 Finance committee will summarize its finding on the Form 990 to the full board of directors. Line 12 - Enforcement of conflict of interest policy: The Promise Academy operates under the conflict of interest policy of its parent organization, 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 parent organization, 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 superintendents and principals. To the extent that any merit pay or bonuses are warranted, the Principals will make recommendations for Teachers and Administrators. Mr. Canada and the Superintendents make 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. Disclosure FORM 990, PART VI Line 19 - Availability of docUMENTS to the public: The taxpayer 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, 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. Form 990, Part VII Chief Financial Officer, Mark Moyer, commenced service with the Harlem Children's Zone in January of 2013. Since compensation is reported based on the calendar year falling within the organization's fiscal year, Mark has no compensation to report on this Form 990 as he was not employed in calendar year 2012. 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 August 2014. 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, 2013 totals $4,871,205. Included within the $4,871,205 of gifts-in-kind is donated food of $725,739. 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 2012, HCZ provided a subsidy of $1,303,500 for the fiscal 2012 contribution to the 457(f) plan.