2014-10-27T15:01:33-07:00 2014-06-30 SCHALL & ASHENFARB CPAS 307 5th Ave 15th Floor NEW YORK NY 100166517 990 2013-07-01 562454573 Harlem Academy HARL 2123482600 1330 Fifth Avenue New York NY 10026 Vincent Dotoli Head of School 2014-10-27 true David C Ashenfarb P00535436 2122682800 2013 2015-11-30 17:44:51Z 11386830 false false X www.harlemacademy.org X 2004 NY Harlem Academy is an independent school (grades 1-8) that prepares bright, motivated students for success at top secondary schools and lifelong learning. 17 16 36 300 0 6946663 10865010 346815 388001 194 103 0 7293672 11253114 0 0 1830514 2004982 0 439947 1148345 957894 2978859 2962876 4314813 8290238 6388578 22551900 140635 7758629 6247943 14793271 Harlem Academy is an independent school (grades 1-8) that prepares bright, motivated students for success at top secondary schools and lifelong learning. The school offers merit-based admissions, cultivates strong family partnerships, and ensures its economic diversity by meeting all demonstrated need for tuition support. false false 2289054 Overview: Harlem Academy prepares bright, motivated students from underserved communities for success at top secondary schools and universities.Students excelled academically:In 2014 standardized testing, first-year students averaged a 16-point gain. Almost half of our students scored above the 90th percentile nationwide in reading and more than one-third reached that benchmark in math. Graduates are thriving:100% of the students in our first three graduating classes have moved on to strong college-prep programs. These students have earned more than $890,000 in annual scholarships to top secondary schools including Chapin, Hotchkiss, Peddie, and Riverdale.Harlem Academy provided over $2.6 million in scholarships to low-income students: Although every family makes a contribution toward tuition, the amount is set on a sliding scale based on income. Last year, the median scholarship was $23,000 92% of the $25,000 tuition. Providing full-need scholarships ensures that every student can afford to attend Harlem Academy, regardless of their familys financial circumstances. This vital support is essential to realizing our mission, opening the door for bright, motivated children from low-income families to earn their way to Americas great educational opportunities.Charity Navigator awarded Harlem Academy its highest rating of four stars: This recognition for fiscal responsibility, management efficiency, and transparency highlights our continued commitment to use gifts effectively toward advancing our mission. 2289054 true true false false false false false false false true true false false false false true true false true false false false false false true false false false false true false false false false false false true false false false false false false false false false false false false false false true 7 0 true 36 true false false false false false false true true false 0 false false false false false false false false false false X 17 16 false false false false false false false true true false false true true true true true true true false false X X X Leonard Smith 2123482600 1330 Fifth Avenue New York NY 10026 Tony Asnes Board Trustee 5.00 0.00 X 0 0 0 Jay Bargmann Board Trustee 5.00 0.00 X 0 0 0 Pam Clarke Board Trustee 5.00 0.00 X 0 0 0 Will Cook Board Trustee 5.00 0.00 X 0 0 0 Mary Ganzenmuller Board Trustee 5.00 0.00 X 0 0 0 Mark Johnston Board Trustee 5.00 0.00 X 0 0 0 Ann MacRae Board Trustee 5.00 0.00 X 0 0 0 David Peterson Board Chair 20.00 0.00 X X 0 0 0 Tom Reycraft Board Trustee 5.00 0.00 X 0 0 0 Michael Toporek Board Trustee 5.00 0.00 X 0 0 0 Timothy Speiss Board Treasurer 5.00 0.00 X X 0 0 0 Alan Washington Board Trustee 5.00 0.00 X 0 0 0 Vincent Dotoli Head of School 60.00 0.00 X X 157500 0 10085 Valarie Hing Board Secretary 5.00 0.00 X X 0 0 0 Laura Sillerman Board Trustee 5.00 0.00 X 0 0 0 Hillary Thomas Board Trustee 5.00 0.00 X 0 0 0 Bruno Bich Board Trustee 5.00 0.00 X 0 0 0 Stanton Orser Dvlpment Director 50.00 0.00 X 123920 0 5360 Leonard Smith Finance Director 50.00 0.00 X 110033 0 8661 391453 24106 6 false true false 0 625445 65685 10173880 10865010 Program income and fees 388001 388001 388001 103 103 0 0 0 0 133716 625445 133716 0 0 0 0 11253114 388001 103 0 0 0 0 167585 126775 14695 26115 0 1553619 1173588 137277 242754 27862 21551 2151 4160 132469 102464 10226 19779 123447 95485 9529 18433 0 0 0 0 0 0 132816 59715 11319 61782 21967 6709 15258 0 0 0 345397 327402 3999 13996 0 0 0 0 0 27091 25679 314 1098 44790 38724 1887 4179 Education 97704 97704 Food 82199 82199 Miscellaneous 40373 25860 14513 Printing and Publications 38635 38635 126922 92424 16618 17880 2962876 2289054 233875 439947 817542 718825 394871 481719 4962248 11156042 30436 29068 0 0 0 0 57536 5963 10645415 574748 33343 10070667 0 0 0 0 92602 89616 6388578 22551900 105563 124279 35072 34350 7600000 140635 7758629 X 1208741 3593171 4959407 11111010 79795 89090 6247943 14793271 6388578 22551900 X 8290238 255090 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 79795 9295 89090 1100 78695 79795 1100 1100 1.00000 false false false 9855832 9855832 188187 188187 429727 429727 171669 145021 26648 10070667 X 11521545 13341 255090 268431 11253114 11253114 2976217 13341 13341 2962876 2962876 Part X : FIN48 Footnote The Academy does not believe its financial statements include any material uncertain tax positions. Tax filings for periods ending June 30, 2011 and later are subject to examination by applicable taxing authorities. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Donated Fixed Assets $255090 true true true true true true true false false false false false false false false true false true Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency The school receives funding from two New York agencies. These funds are used to provide food to students and support other activites of the school. Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized Our nondiscriminatory policy is published on all admissions materials distributed to the general community, in addition to specific family inquiries. Schedule E, Line 4 - Explanation of Records and Materials Not Maintained Schedule E, Line 5 - Explanation of Organization Discrimination by Race false Spring Benefit 612588 507015 105573 105573 French Consulate Event 94648 81623 13025 13025 1 51925 36807 15118 15118 759161 625445 133716 133716 133716 X X X false false false false false false false false false false Vincent Dotoli Head of School 157500 10085 167585 HA Funding LLC Trustee Land X 7600000 7600000 false true true 7600000 Form 990, Part VI, Line 11b: Form 990 Review Process A draft 990, which is prepared by the auditors, is first reviewed by the Finance Director before being presented for review to the Audit committee. Any edits resulting from committee review are made and the draft is presented to the entire board for final review and approval prior to filing. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The organization has a board approved conflicts of interest policy. Upon appointment or hiring, each board member, senior staff member, and other board committee member must sign a declaration statement affirming they have (1) received a copy of the policy, (2) read and understand the policy, and (3) agree to comply with the policy. Each year, they fill out an annual declaration stating they were in compliance of such policy for the preceding year. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The board determines and votes on the Head of School's compensation package based off the combination of market research, financial health of the organization, and evaluation of individual performance. This process occurs during the September board meeting and the final compensation package is communicated to the Finance Director by the Board Chair to be effective immediately, and retroactive back to the beginning of the current employee contract period. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Governing documents and conflict of interest policy are made available upon request. Financial statements and information are made available to the public through our website, as well as nonprofit websties such as Guidestar and Charity Navigator. Other Changes In Net Assets Or Fund Balances - Other Increases Donated Fixed Assets = $255090