HARLEM CHILDRENS ZONE PROMISE ACADEMY CHARTER SCHOOL: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: HARLEM CHILDRENS ZONE PROMISE ACADEMY CHARTER SCHOOL (EIN 76-0756768)
Tax period: 2010-07-01 to 2011-06-30
Filed: 2012-05-15
IRS object ID: 201231369349306808
Schema version: 2010v3.7
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-05-15T15:41:48-05:00	Timestamp
Tax Period End Date	2011-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GRANT THORNTON LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	666 THIRD AVENUE	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	100174011	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	760756768	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	HARLEM CHILDREN'S ZONE PROMISE ACADEMY	BusinessNameLine1
Business Name Line2	charter school	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	HARL	NameControl
Phone	2123603255	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	35 EAST 125TH STREET	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	10035	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	TRACEY COSTELLO	Name
Title	CFO	Title
Date Signed	2012-05-15	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Phone	2125990100	Phone

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	GEOFFREY CANADA	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	35 EAST 125TH STREET	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	10035	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	14752973	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.HCZPROMISEACADEMY.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2004	YearFormation
State Legal Domicile	NY	StateLegalDomicile
Activity Or Mission Description	To provide high quality, standards-based academic programs for students, grades k-12, from underserved communities and underperforming school districts.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	8	NbrIndependentVotingMembers
Total Nbr Employees	150	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	12801690	ContributionsGrantsPriorYear
Contributions Grants Current Year	14688337	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	0	ProgramServiceRevenuePriorYear
Program Service Revenue CY	0	ProgramServiceRevenueCY
Investment Income Prior Year	0	InvestmentIncomePriorYear
Investment Income Current Year	105	InvestmentIncomeCurrentYear
Other Revenue Prior Year	24543	OtherRevenuePriorYear
Other Revenue Current Year	64531	OtherRevenueCurrentYear
Total Revenue Prior Year	12826233	TotalRevenuePriorYear
Total Revenue Current Year	14752973	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	0	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	10848056	SalariesEtcPriorYear
Salaries Etc Current Year	10042000	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	1702608	OtherExpensePriorYear
Other Expenses Current Year	2035082	OtherExpensesCurrentYear
Total Expenses Prior Year	12550664	TotalExpensesPriorYear
Total Expenses Current Year	12077082	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	275569	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	2675891	RevenuesLessExpensesCY
Total Assets BOY	4862642	TotalAssetsBOY
Total Assets EOY	7211180	TotalAssetsEOY
Total Liabilities BOY	4766687	TotalLiabilitiesBOY
Total Liabilities EOY	4439334	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	95955	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	2771846	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	THE MISSION OF THE HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOLS (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.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	11167155	Expense
Grants	0	Grants
Revenue	0	Revenue
Description	The Charter School movement has earned national attention as an innovative approach to education reform. During President Obama's candidacy, he announced his commitment to charter schools, specifically, charter schools like the Harlem Children's Zone Promise Academy Charter Schools. Geoffrey Canada, founder of HCZ, realized that in order to change the entire community, HCZ needed to do more than provide support to thousands of students attending Department of Education schools with wrap-around services and community support. HCZ needed more time with the students, and needed to reform the educational environment in Harlem, the solution, Harlem Children's Zone Promise Academy Schools. Harlem Children's Zone Promise Academy Charter Schools ((HCZPACS), opened in September 2004 with grade K in Promise Academy 1 elementary and grade 6 in the middle school, followed by Promise Academy II in September 2005. Currently, HCZ Promise Academy I consist of 3 schools including the elementary, K - 3, upper elementary/middle, 4 - 7 and high school 10 - 11. Promise Academy II consists of two schools including the lower elementary, K - 2 and upper elementary/middle, 3 - 6. At scale, both HCZ Promise Academy I and II will grow to grades K - 12. Since their creation in 2004 and 2005, Promise Academy I and II elementary schools have done well enough to lead Harvard economist Roland Fryer to conclude that the students had actually closed the black-white achievement gap. The schools have a longer school day and year, and feature wide-ranging, enriching after-school programs. In 2010, the third-graders from both schools were 100 percent on or above grade level in the statewide math program. At PA1 the third-graders were 94 percent on or above grade level in English Language Arts, while the third-graders at PAII were at 86 percent. Promise Academy I is comprised of the following School levels: 1. Promise Academy I Lower School was created in 2004 in partnership with the Harlem Children's Zone and currently serves grade levels Kindergarten through Third. Its mission is to give children in Harlem a high-quality, well-rounded education while providing a positive atmosphere where children know they are cared for. In 2010, 100 percent of PA I's third graders scored at grade level in math and 95 percent scored at grade level in ELA. 2. Promise Academy I Upper Elementary / Middle School was created in 2004 in partnership with the Harlem Children's Zone and currently serves grades 4-6. Its mission is to give children in Harlem high-quality, well-rounded education while providing a positive atmosphere where children know they are cared for. 3. Promise Academy I High School was created in 2008 in partnership with the Harlem Children's Zone and currently serves grades ten and eleven. Its mission is to give children in Harlem a high-quality, well-rounded education while providing a positive atmosphere where children know they are cared for. PA I will eventually run from tenth to twelfth grades.	Description
Total Program Service Expense	11167155	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	true	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	true	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	8	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	150	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	9	NbrVotingGoverningBodyMembers
Number Independent Voting Members	8	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	TRACEY COSTELLO	NamePerson
Telephone Number	2123603255	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	35 EAST 125TH STREET	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	10035	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (14 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Highest Compensated EmployeeHighestCompensatedEmployee
Kenneth Langone
Chairman	2.0	X	X	0	0	0
Geoffrey Canada
president/CEO	2.0	X	X	0	380713	88901
Mitch Kurz
Treasurer	2.0	X	X	0	0	0
Aisha Tomlinson
Parent Representative	2.0	X		0	0	0
Stanley Druckenmiller
board member	2.0	X		0	0	0
Arlene Gibson
board member	2.0	X		0	0	0
Denise Nash-Fulller
board member	2.0	X		0	0	0
Madeline White
board member	2.0	X		0	0	0
Alfonso Wyatt
board member	2.0	X		0	0	0
Marquitta Speller
Principal	40.0			140821	0	86411	X
Shaleen Morris
Director of Student Services	40.0			114826	0	60509	X
dennis McKesey
principal - middle school	40.0			135549	0	71111	X
Tonya White
principal - lower elementary	40.0			127418	0	61817	X
Shakira Petit
Principal	40.0			114307	0	73334	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	632921	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	380713	TotalReportableCompFrmRltdOrgs
Total Other Compensation	442083	TotalOtherCompensation
Number Individuals GT100 K	15	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Field	Value	IRS element (for citing)
Name Person	NONE	NamePerson

Field	Value	IRS element (for citing)
Address Of Contractor		AddressOfContractor
Compensation	0	Compensation

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K
Related Organizations	1401000	RelatedOrganizations
Government Grants	13287337	GovernmentGrants
Total Contributions	14688337	TotalContributions
Total Program Service Revenue	0	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	105	TotalRevenueColumn
Exclusion	$105	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	OTHER INCOME	Description
Business Code	900099	BusinessCode
Total Revenue Column	64531	TotalRevenueColumn
Exclusion	$64,531	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	64531	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	14752973	TotalRevenueColumn
Exclusion	$64,636	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	0	Total

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	6269106	Total
Program Services	5891399	ProgramServices
Management And General	377707	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	365500	Total
Program Services	347750	ProgramServices
Management And General	17750	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	2300365	Total
Program Services	2262319	ProgramServices
Management And General	38046	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	1107029	Total
Program Services	1064770	ProgramServices
Management And General	42259	ManagementAndGeneral

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	216578	Total
Program Services	56469	ProgramServices
Management And General	160109	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	0	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	133733	Total
Program Services	121426	ProgramServices
Management And General	12307	ManagementAndGeneral

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	118646	Total
Program Services	103744	ProgramServices
Management And General	14902	ManagementAndGeneral

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	105199	Total
Program Services	104756	ProgramServices
Management And General	443	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	173290	Total
Program Services	168400	ProgramServices
Management And General	4890	ManagementAndGeneral

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	0	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	0	Total

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	159927	Total
Program Services	148571	ProgramServices
Management And General	11356	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	20000	Total
Program Services	18580	ProgramServices
Management And General	1420	ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
CLASSROOM SUPPLIES	427668	376065	51603
SPECIAL SERVICES/INCENTIVES	42969	42433	536
EQUIPMENT RENTAL & MAINTENANCE	108315	94711	13604
ADMISSIONS	66569	65730	839
TRAINING	142080	132160	9920

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	320108	Total
Program Services	167872	ProgramServices
Management And General	152236	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	12077082	Total
Program Services	11167155	ProgramServices
Management And General	909927	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	405710	BOY
EOY	1856992	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	445937	BOY
EOY	319472	EOY

Field	Value	IRS element (for citing)
Accounts Receivable		AccountsReceivable

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	70507	BOY
EOY	0	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	1082708	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	739012	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	446177	BOY
EOY	343696	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	3494311	BOY
EOY	4691020	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	4862642	BOY
EOY	7211180	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	1373502	BOY
EOY	748754	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	3393185	BOY
EOY	3690580	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	4766687	BOY
EOY	4439334	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	95955	BOY
EOY	2771846	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	95955	BOY
EOY	2771846	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	4862642	BOY
EOY	7211180	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	2675891	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Art Public Exhibition Amts		ArtPublicExhibitionAmts
Held Works Of Art Amts		HeldWorksOfArtAmts
Land		Land
Buildings		Buildings
Leasehold Improvements		LeaseholdImprovements

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1082708	OtherCostOrOtherBasis
Depreciation	739012	Depreciation
Book Value	343696	BookValue

Field	Value	IRS element (for citing)
Other Land Buildings		OtherLandBuildings
Total Of Book Value Land Buildings	343696	TotalOfBookValueLandBuildings

Other Assets OtherAssets (2 entries)

DescriptionDescription	Book ValueBookValue
DUE FROM RELATED PARTIES	4621685
MISCELLANEOUS	69335

Field	Value	IRS element (for citing)
Total Book Value Other Assets	4691020	TotalBookValueOtherAssets
Federal Income Tax Liability	0	FederalIncomeTaxLiability

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	DUE TO HCZ AND PROMISE ACADEMY	Description
Amount	$3,690,580	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	3690580	TotalOfAmounts
Total Revenue	14752973	TotalRevenue
Total Expenses	12077082	TotalExpenses
Excess Or Deficit For Year	2675891	ExcessOrDeficitForYear
Excess Or Deficit Per FS	2675891	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	19755237	TotRevenueEtcAuditedFinclStmt
Donated Srvc And Use Of Facilities	5002264	DonatedSrvcAndUseOfFacilities
Revenue Not Rptd F990	5002264	RevenueNotRptdF990
Revenue Subtotal	14752973	RevenueSubtotal
Total Revenue Per Form990	14752973	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	17079346	TotExpensesEtcAuditedFinclStmt
Donated Services Use Of Facilities	5002264	DonatedServicesUseOfFacilities
Expenses Not Rptd F990	5002264	ExpensesNotRptdF990
Expenses Subtotal	12077082	ExpensesSubtotal
Total Expenses Per Form990	12077082	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

Field	Value	IRS element (for citing)
Identifier	Schedule D, Fin 48 statement	Identifier
Explanation	The School adopted ASC 740-10, FIN 48 as of July 1, 2009. ASC 740-10 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 statemens 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. The School is exempt from 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. The tax years ending 2008, 2009 and 2010 are still open to audit for both federal and state purposes. The adoption of ASC 740-10 did not have a material impact on the School's statements.	Explanation

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	true	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	true	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	true	PolicyPublViaBroadcastMedia
Maint Racial Composition Records	true	MaintRacialCompositionRecords
Maint Scholarships Records	true	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	true	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII

Field	Value	IRS element (for citing)
Identifier	Form 990, Schedule E, Line 3	Identifier
Explanation	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.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	X	CompensationCommittee
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	false	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	false	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	false	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	false	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	true	AnyNonFixedPayments
Initial Contract Exception	false	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (6 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Comp Based On Related OrgsCompBasedOnRelatedOrgs	Bonus Filing OrgBonusFilingOrg	Bonus Related OrgsBonusRelatedOrgs	Other Compensation Filing OrgOtherCompensationFilingOrg	Other Compensation Related OrgsOtherCompensationRelatedOrgs	Deferred Comp Filing OrgDeferredCompFilingOrg	Deferred Comp Related OrgsDeferredCompRelatedOrgs	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs	Total Compensation Filing OrgTotalCompensationFilingOrg	Total Compensation Related OrgsTotalCompensationRelatedOrgs	Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
Geoffrey Canada
0	225000	0	155713	0	0	0	88901	0	0	0	469614	155713
Marquitta Speller
110821	0	30000	0	0	0	80230	0	6208	0	227259	0
Shaleen Morris
94826	0	20000	0	0	0	54301	0	6208	0	175335	0
dennis McKesey
117549	0	18000	0	0	0	49946	0	21165	0	206660	0
Tonya White
109418	0	18000	0	0	0	49689	0	12128	0	189235	0
Shakira Petit
89307	0	25000	0	0	0	66661	0	6673	0	187641	0

Form990 Schedule J Part III Form990ScheduleJPartIII

Field	Value	IRS element (for citing)
Identifier	Schedule J, Part 1, Line 4	Identifier
Explanation	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 2010, employees received a payout and those amounts have been recorded in Schedule J, column (b)(ii) and in column (f). 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 are not provided any input into the amount of the bonus received. Compensation decisions are documented in the organization's Board Minutes.	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Policies	FORM 990, PART VI	Line 11 - 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 - 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 - The Promise Academy operates under the whistleblower and document retention policy of its parent organization, The Harlem Children Zone. Line 15 - 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 - 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 - Hours Worked		President & CEO, Geoffrey Canada, worked approximately 40 hours per week for a related organization, the Harlem Children's Zone.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EINEIN	Primary ActivitiesPrimaryActivities	Legal Domicile StateLegalDomicileState	Public Charity StatusPublicCharityStatus	Business Name Line1DirectControllingEntityName/BusinessNameLine1
THE HARLEM CHILDREN'S ZONE
35 EAST 125TH STREET	NEW YORK	NY	10035	237112974	Social Svcs	NY	501(C)(3)	NA
HARLEM CHILDRENS ZONE PROMISE ACADEMY II
35 EAST 125TH STREET	NEW YORK	NY	10035	342049530	education	NY	501(C)(3)	NA

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	false	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	false	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	true	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	false	LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org	false	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	false	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	false	ExchangeOfAssets
Rental Of Facilities To Other Orgs	false	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	false	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	false	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	true	PerformOfServicesByOtherOrgs
Sharing Of Facilities	true	SharingOfFacilities
Sharing Of Paid Employees	true	SharingOfPaidEmployees
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	true	OtherTransferToOtherOrg
Other Transfer From Other Org	true	OtherTransferFromOtherOrg

Form990 Schedule R Part VII Form990ScheduleRPartVII

Field	Value	IRS element (for citing)
Identifier	Form 990, Schedule R, Part V, Line 2	Identifier
Explanation	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. 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, 2011 totals $5,002,264. 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 2010, HCZ provided a subsidy of $1,401,000 for the fiscal 2010 contribution to the 457(f) plan.	Explanation