2026-03-28T15:17:35-05:00 2025-06-30 334358135 SAX ADVISORS LLC 1040 AVENUE OF THE AMERICAS-16TH FL NEW YORK NY 10018 990 2024-07-01 562454573 HARLEM ACADEMY HARL 2123482600 655 ST NICHOLAS AVENUE NEW YORK NY 10030 VINCENT DOTOLI HEAD OF SCHOOL 2123482600 2026-03-28 1 1 MARQUS WHITE P00053187 2126857000 2026-03-28 2024 2025-03-06 01:10:19Z VINCENT DOTOLI 655 ST NICHOLAS AVENUE NEW YORK NY 10030 23270975 0 X WWW.HARLEMACADEMY.ORG X 2004 NY HARLEM ACADEMY DRIVES EQUITY OF OPPORTUNITY FOR PROMISING CHILDREN (GRADES K-8), GUIDING THEM TO THRIVE AT THE HIGHEST ACADEMIC LEVELS AND ONE DAY MAKE A MARK ON THE WORLD. 24 23 52 300 0 0 7759719 8342151 531200 555360 44699 218567 0 0 8335618 9116078 80000 88000 0 0 3537724 3864462 0 0 731337 2683506 2859141 6301230 6811603 2034388 2304475 45003724 47557131 1442223 1010442 43561501 46546689 X HARLEM ACADEMY DRIVES EQUITY OF OPPORTUNITY FOR PROMISING CHILDREN, GUIDING THEM TO THRIVE AT THE HIGHEST ACADEMIC LEVELS AND ONE DAY MAKE A MARK ON THE WORLD. 0 0 5651200 88000 555360 COMMITMENT TO LOW-INCOME CHILDREN. HARLEM ACADEMY PROVIDES A FULL-NEED SCHOLARSHIP TO 100% OF ENROLLED STUDENTS. THE SCHOOL IS COMMITTED TO A MERITOCRACY WHERE HARD WORK DRIVES THE OPPORTUNITY TO REALIZE POTENTIAL, AND NO STUDENT IS TURNED AWAY FOR AN INABILITY TO PAY. EXPANDED ENROLLMENT. SINCE RELOCATING TO ITS PERMANENT CAMPUS, HARLEM ACADEMY HAS INCREASED ENROLLMENT FROM 102 IN DECEMBER 2021 TO 182 STUDENTS IN SEPTEMBER 2024, EXPANDING ACCESS TO A RIGOROUS EDUCATION FOR STUDENTS WHOSE POTENTIAL MIGHT OTHERWISE GO UNREALIZED. SECONDARY SCHOOL PLACEMENT. NINETY-TWO PERCENT OF EIGHTH GRADERS FROM THE CLASS OF 2025 EARNED FULL-NEED SCHOLARSHIPS TO INDEPENDENT DAY AND BOARDING SCHOOLS. STUDENTS MATRICULATED AT SCHOOLS INCLUDING DEERFIELD ACADEMY, GREENWICH COUNTRY DAY SCHOOL, KENT SCHOOL, MISS PORTER'S SCHOOL, AND NORTHFIELD MOUNT HERMON, AMONG OTHERS. COLLEGE MATRICULATION. ONE HUNDRED PERCENT OF HARLEM ACADEMY ALUMNI FROM THE CLASS OF 2021 ENROLLED IN FOUR-YEAR COLLEGES. STUDENTS MATRICULATED AT INSTITUTIONS, INCLUDING THE COLLEGE OF THE HOLY CROSS, HOWARD UNIVERSITY, SMITH COLLEGE, SPELMAN COLLEGE, SYRACUSE UNIVERSITY, TULANE UNIVERSITY, UNIVERSITY OF PENNSYLVANIA, AND WESLEYAN UNIVERSITY. PROVIDING A MODEL EDUCATION. HARLEM ACADEMY EXTENDS ITS IMPACT BY SHARING BEST PRACTICES. FACULTY AND LEADERSHIP HAVE PUBLISHED 11 ARTICLES IN EDUCATION JOURNALS AND RELATED OUTLETS, REACHING EDUCATORS, SCHOOL LEADERS, AND POLICYMAKERS NATIONWIDE. THIRD-PARTY RECOGNITION. HARLEM ACADEMY EARNED CHARITY NAVIGATOR'S FOUR-STAR RATING, CANDID'S PLATINUM SEAL OF TRANSPARENCY, AND THE SHIELD OF PROTECTION FROM THE BEAU BIDEN FOUNDATION. 5651200 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 15 0 1 52 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 23 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X LEONARD SMITH 2123482600 655 ST NICHOLAS AVENUE NEW YORK NY 10030 DAVID B PETERSON CHAIRMAN 20.00 X X 0 0 0 CAROL KENNEY TREASURER 5.00 X X 0 0 0 RODNEY POPE SECRETARY 5.00 X X 0 0 0 TONY ASNES TRUSTEE 5.00 X 0 0 0 RICHARD A AXILROD TRUSTEE 5.00 X 0 0 0 AVI BANYASZ TRUSTEE 5.00 X 0 0 0 W GRAHAM COLE JR TRUSTEE 5.00 X 0 0 0 WILL COOK TRUSTEE 5.00 X 0 0 0 JOSHUA EASTERLY TRUSTEE 5.00 X 0 0 0 TY ELIE TRUSTEE 5.00 X 0 0 0 MARY GANZENMULLER TRUSTEE 5.00 X 0 0 0 ROB HARTEVELDT TRUSTEE 5.00 X 0 0 0 VALARIE HING TRUSTEE 5.00 X 0 0 0 THOMAS KLEIN TRUSTEE 5.00 X 0 0 0 ANN MACRAE TRUSTEE 5.00 X 0 0 0 ELIZABETH MCHENRY TRUSTEE 5.00 X 0 0 0 BETSY MICHEL TRUSTEE 5.00 X 0 0 0 HANK PRYBYLSKI TRUSTEE 5.00 X 0 0 0 TOM REYCRAFT TRUSTEE 5.00 X 0 0 0 RICHARD SCHAPS TRUSTEE 5.00 X 0 0 0 HILLARY THOMAS TRUSTEE 5.00 X 0 0 0 MELISSA THOMAS-HUNT TRUSTEE 5.00 X 0 0 0 ALAN WASHINGTON TRUSTEE 5.00 X 0 0 0 VINCENT DOTOLI EX-OFFICIO/HEAD OF SCHOOL 40.00 X X 230159 0 6593 LEONARD SMITH FINANCE DIRECTOR 40.00 X 174186 0 5876 KATHERINE STEINBACH DEVELOPMENT DIRECTOR 40.00 X 167813 0 17461 KHALIAH ADAMS-JOSEPH ASSISTANT HEAD OF SCHOOL 40.00 X 146640 0 10722 VANESSA SCANFELD STRATEGY DIRECTOR 40.00 X 144944 0 4348 KRISTY CASTRO PRIMARY & ELEMENTARY SCHOOL DIRECTOR 40.00 X 117075 0 14481 WILLIAM BELLER MIDDLE SCHOOL DIRECTOR 40.00 X 110337 0 9795 1091154 0 69276 7 0 1 0 0 250609 8091542 2164872 8342151 PROGRAM INCOME AND FEES 611600 555360 555360 555360 195491 195491 14177973 14154897 23076 23076 23076 9116078 555360 0 218567 88000 88000 797107 350298 200243 246566 2453641 2224548 19407 209686 30434 30434 350977 308000 15021 27956 232303 198764 9673 23866 4000 4000 148876 57622 75034 16220 144130 19205 124925 71133 71133 97205 97205 116159 112054 935 3170 20521 20521 771997 756556 2574 12867 132703 123112 2566 7025 EDUCATION 471266 471266 FOOD 368045 368045 REPAIRS AND MAINTENANCE 304494 298402 1017 5075 STAFF DEVELOPMENT 96624 88134 8490 111988 7627 50380 53981 6811603 5651200 429066 731337 991625 762043 3645866 7691299 2501657 1474727 59697 61934 126606 139000 34542372 3412212 31901257 31130160 5762422 6297968 14594 0 45003724 47557131 264723 286571 64975 79846 1112525 644025 1442223 1010442 X 37518371 37721821 6043130 8824868 43561501 46546689 45003724 47557131 2304475 680713 0 X 0 1 X 1 0 X 12546947 9924552 5046676 7759719 8342151 43620045 12546947 9924552 5046676 7759719 8342151 43620045 10081811 33538234 8566 7121 12667 35419 195491 259264 43879309 2327602 0.76430 0.81740 X SCHEDULE A, PART I THE IRS DETEREMINED THAT HARLEM ACADEMY'S PUBLIC CHARITY STATUS IS A SCHOOL UNDER IRC 170(B)(1)(A)(II). HOWEVER, DUE TO THE SUBSTANTIAL AMOUNT OF PUBLIC SUPPORT THAT THE ORGANIZATION RECEIVES, THE SCHOOL ALSO QUALIFIES AS A PUBLIC CHARITY UNDER IRC 170(B)(1)(A)(VI). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5133183 2442924 587110 8163217 2687536 2291298 154349 5133183 2600035 48233 39268 2687536 643522 1955282 1231 2600035 142992 500000 530 643522 1.00000 0 0 9855832 9855832 23959076 2684748 21274328 450103 450103 0 277361 277361 0 31130160 X 9857557 680713 64766 745479 9112078 4000 4000 9116078 6872369 64766 64766 6807603 4000 4000 6811603 PART V, LINE 4: ALL DONOR RESTRICTED ENDOWMENT CONTRIBUTIONS ARE TO BE HELD IN PERPETUITY. THE EARNINGS ON THIS ENDOWMENT ARE TO BE USED TO FURTHER THE ACADEMY'S MISSION. PART X, LINE 2: THE ACADEMY DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL UNCERTAIN TAX POSITIONS. TAX FILINGS FOR PERIODS ENDING JUNE 30, 2022 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 OUR NONDISCRIMINATORY POLICY IS PUBLISHED ON ALL ADMISSIONS MATERIALS DISTRIBUTED TO THE GENERAL COMMUNITY, IN ADDITION TO SPECIFIC FAMILY INQUIRIES. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: 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. 1 ALUMNI SCHOLARSHIPS 8 88000 PART I, LINE 2: SCHOLARSHIPS AND EMERGENCY GRANTS ARE PROVIDED TO FORMER AND CURRENT STUDENTS THROUGH AN APPLICATION PROCESS. X X X 0 0 0 0 0 0 0 0 0 VINCENT DOTOLI EX-OFFICIO/HEAD OF SCHOOL 230159 0 0 0 0 0 6593 0 0 0 236752 0 0 0 KATHERINE STEINBACH DEVELOPMENT DIRECTOR 167813 0 0 0 0 0 5034 0 12427 0 185274 0 0 0 LEONARD SMITH FINANCE DIRECTOR 174186 0 0 0 0 0 5244 0 632 0 180062 0 0 0 KHALIAH ADAMS-JOSEPH ASSISTANT HEAD OF SCHOOL 146640 0 0 0 0 0 0 0 10722 0 157362 0 0 0 HARLEM ACADEMY FUNDING LLC TRUSTEE BUILDING X 1200000 368639 0 1 1 BENCHMARK EDUCATION COMPANY LLC TRUSTEE BUILDING X 600000 183591 0 1 1 RICHARD SCHAPS TRUSTEE BUILDING X 300000 91795 0 1 1 644025 PART II - LOANS FROM INTERESTED PERSONS DAVID B. PETERSON, BOARD MEMBER, OWNS HARLEM ACADEMY FUNDING, LLC.THOMAS REYCRAFT, BOARD MEMBER, OWNS BENCHMARK EDUCATION COMPANY, LLC X 9 2164872 MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 A FAMILY RELATIONSHIP EXISTS AMONG TWO TRUSTEES. HILLARY THOMAS (DAUGHTER) AND RICHARD SCHAPS (FATHER) ARE RELATED. FORM 990, PART VI, SECTION B, LINE 11B 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 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A BOARD APPROVED CONFLICTS OF INTEREST POLICY. PRIOR TO 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 SIGN AN ANNUAL DECLARATION STATING THEY WERE IN COMPLIANCE OF SUCH POLICY FOR THE PRECEDING YEAR AND AGREE TO COMPLY WITH THE POLICY FOR THE UPCOMING YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD DETERMINES AND VOTES ON THE HEAD OF SCHOOL'S AND THE REST OF THE LEADERSHIP TEAM'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 FALL BOARD MEETING AND THE FINAL COMPENSATION PACKAGE IS COMMUNICATED TO THE FINANCE DIRECTOR BY THE FINANCE COMMITTEE TO BE EFFECTIVE IMMEDIATELY, AND RETROACTIVE BACK TO THE BEGINNING OF THE CURRENT EMPLOYEE CONTRACT PERIOD. FORM 990, PART VI, SECTION C, LINE 19 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 WEBSITES SUCH AS GUIDESTAR AND CHARITY NAVIGATOR.