Civic Intelligence

Harlem Children'S Zone Inc

990 • Fiscal year 2017 • EIN 23-7112974

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 08, 2018

35 East 125th StreetNew York, NY 10035

(212) 360-3255

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

28th percentile

0.16x

Higher debt load relative to assets than 28% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Liabilities / Revenue

69th percentile

0.81x

Higher debt load relative to revenue than 69% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Net Margin

73rd percentile

12%

Higher net margin than 73% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Top Officer Pay

42nd percentile

$734,299

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Asset Growth

62nd percentile

8.6%

Faster asset growth than 62% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Revenue Growth

88th percentile

36%

Faster revenue growth than 88% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Assets

Up

$626,977,831

Up $49,760,364 (+8.6%) from 2016

Net Assets

Up

$529,295,156

Up $52,468,441 (+11%) from 2016

Liabilities

Down

$97,682,675

Down $2,708,077 (-2.7%) from 2016

Revenue

Up

$120,832,626

Up $32,021,213 (+36%) from 2016

Expenses

Up

$105,981,010

Up $7,255,491 (+7.3%) from 2016

Net Income

Up

$14,851,616

Up $24,765,722 (+250%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5B$1.0B$500M$0Assets 2010: $192,896,560Liabilities 2010: $13,073,993Net Assets 2010: $179,822,5672010Assets 2011: $361,267,321Liabilities 2011: $44,513,307Net Assets 2011: $316,754,0142011Assets 2012: $455,601,735Liabilities 2012: $86,997,548Net Assets 2012: $368,604,1872012Assets 2013: $486,968,470Liabilities 2013: $109,834,317Net Assets 2013: $377,134,1532013Assets 2014: $521,888,906Liabilities 2014: $116,534,237Net Assets 2014: $405,354,6692014Assets 2015: $595,673,604Liabilities 2015: $98,672,095Net Assets 2015: $497,001,5092015Assets 2016: $577,217,467Liabilities 2016: $100,390,752Net Assets 2016: $476,826,7152016Assets 2017: $626,977,831Liabilities 2017: $97,682,675Net Assets 2017: $529,295,1562017Assets 2018: $649,630,291Liabilities 2018: $98,690,957Net Assets 2018: $550,939,3342018Assets 2019: $662,601,920Liabilities 2019: $97,797,051Net Assets 2019: $564,804,8692019Assets 2020: $743,515,066Liabilities 2020: $111,547,384Net Assets 2020: $631,967,6822020Assets 2021: $970,988,312Liabilities 2021: $92,975,538Net Assets 2021: $878,012,7742021Assets 2022: $945,861,966Liabilities 2022: $82,160,600Net Assets 2022: $863,701,3662022Assets 2023: $1,061,049,927Liabilities 2023: $193,835,790Net Assets 2023: $867,214,1372023Assets 2024: $1,169,419,286Liabilities 2024: $185,882,820Net Assets 2024: $983,536,4662024

Highlighted filing

2017

Assets$626,977,831
Liabilities$97,682,675
Net Assets$529,295,156

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200M$100M$0-$100MExpenses 2010: $68,516,0592010Expenses 2011: $78,446,5442011Expenses 2012: $89,321,6612012Expenses 2013: $90,263,5502013Revenue 2014: $82,718,151Expenses 2014: $98,397,221Net Income 2014: -$15,679,0702014Revenue 2015: $196,750,939Expenses 2015: $99,067,039Net Income 2015: $97,683,9002015Revenue 2016: $88,811,413Expenses 2016: $98,725,519Net Income 2016: -$9,914,1062016Revenue 2017: $120,832,626Expenses 2017: $105,981,010Net Income 2017: $14,851,6162017Revenue 2018: $72,950,002Expenses 2018: $105,702,988Net Income 2018: -$32,752,9862018Revenue 2019: $112,391,649Expenses 2019: $106,912,610Net Income 2019: $5,479,0392019Revenue 2020: $135,243,693Expenses 2020: $105,355,924Net Income 2020: $29,887,7692020Revenue 2021: $171,399,865Expenses 2021: $152,485,532Net Income 2021: $18,914,3332021Revenue 2022: $135,006,139Expenses 2022: $104,256,350Net Income 2022: $30,749,7892022Revenue 2023: $101,793,638Expenses 2023: $117,336,803Net Income 2023: -$15,543,1652023Revenue 2024: $98,238,311Expenses 2024: $133,872,818Net Income 2024: -$35,634,5072024

Highlighted filing

2017

Revenue$120,832,626
Expenses$105,981,010
Net Income$14,851,616
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 8, 2018
Return Version
2016v3.1
Gross Receipts
$162,943,492
Mission and Program Overview

Mission

Harlem children's zone (hcz) breaks the cycle of intergenerational poverty with on-the-ground, all-around programming that builds up opportunities for children and families to thrive in school, work, and life (continued in schedule o.)

HCZ is a pioneering, non-profit community BASED ORGANIZATION THAT WORKS TO ENHANCE THE QUALITY OF LIFE FOR CHILDREN AND FAMILIES IN SOME OF NYC'S MOST DEVASTATED NEIGHBORHOODS.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$414,673,245$449,561,490▲ $34,888,245
Land, Buildings, and Equipment, Net$129,203,092$127,877,616▼ $1,325,476
Savings and Temporary Cash Investments$20,159,415$37,320,690▲ $17,161,275
Pledges and Grants Receivable$11,314,218$10,211,532▼ $1,102,686
Prepaid Expenses and Deferred Charges$811,316$1,079,896▲ $268,580
Cash and Non-Interest-Bearing Accounts$330,120$135,849▼ $194,271
Accounts Receivable$1,450$61,996▲ $60,546
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$577,217,467$626,977,831▲ $49,760,364
Other Assets Total$724,611$728,762▲ $4,151
Liabilities
Grants Payable$69,615,204$67,783,225▼ $1,831,979
Other Liabilities$23,482,982$22,303,955▼ $1,179,027
Accounts Payable and Accrued Expenses$7,292,566$7,595,495▲ $302,929
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$100,390,752$97,682,675▼ $2,708,077
Net Assets / Fund Balance
Unrestricted Net Assets$455,453,783$511,575,205▲ $56,121,422
Temporarily Rstr Net Assets$16,732,970$13,079,989▼ $3,652,981
Permanently Rstr Net Assets$4,639,962$4,639,962→ $0
Total Net Assets Fund Balance$476,826,715$529,295,156▲ $52,468,441
Total Liabilities and Net Assets / Fund Balance$577,217,467$626,977,831▲ $49,760,364

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$118,163,943$21,234,798$139,398,741
Leasehold Improvements$1,791,574$7,243,598$9,035,172
Land$6,800,000-$6,800,000
Equipment$558,403$3,987,869$4,546,272
Other Land Buildings$563,696$1,647,381$2,211,077
Other Securities$63,538,087--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$404,031,411$4,471,008▲ $30,382,231-$438,718,755
2015$387,460,570$34,162,285▼ $17,478,276-$404,031,411
2014$287,313,069$41,874,250▲ $58,330,749-$387,460,570
2013$228,837,561$14,209,739▲ $44,307,121-$287,313,069
2012$165,002,239$26,958,775▲ $36,901,547-$228,837,561
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anne Williams-IsomChief Executive OfficerFT$278,793$455,506$734,299
Mindy MillerVP of developmentFT$296,927$153,672$450,599
James d HutterChief financial officerFT$295,747$108,752$404,499
Tracey Costellochief procurement officerFT$169,831$182,219$352,050
Marquitta SpellerExecutive DirectorFT$177,821$166,439$344,260
Conrad PinnockSenior AdvisorFT$174,531$166,394$340,925
Martin LippCommunications DirectorFT$139,545$159,941$299,486
Betina Jean Louisdirector of evaluationFT$149,795$146,805$296,600
Kwame Owusu-Kessechief operating officerFT$172,805$101,916$274,721
Geoffrey CanadaPresidentFT$121,360$28,898$150,258

Board Members and Trustees

NameTitle
Stanley F DruckenmillerChairman
Brian HigginsBoard Member
Caroline Turnerboard member
Eric w Mandelblattboard member
Jeffrey TalpinsBoard Member
Joseph DiMennaboard member
Keith Meisterboard member
Kenneth G Langoneboard member
Laura sambergboard member
Richard WittenBoard Member
Wallis Annenbergboard member
Zachary J Schreiberboard member
mark Kingdonboard member
Philippe LaffontBoard Member (as of 2/8/2017)
Ashok VaradhanBoard Member (as of 3/9/2017)
Nikesh AroraBoard Member (thru 02/2017)
Matthew C BlankSecretary
Mitch KurzTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mathematica Policy Research IncEvaluations600 Alexander Park, Princeton, NJ 08540$440,473
AchieveMissionleadership training6052 S Moline Way, Englewood, CO 80111$280,777
Adp LLCPayroll Services1851 N RIESLER DRIVE MS-100, El Paso, TX 79912$280,341
Forces Of Nature INCDance Instruction230 MALCOLM X BLVD, New York, NY 10027$275,629
Grant Thornton LLPAccounting Services757 THIRD AVENUE 3RD FLOOR, New York, NM 10017$192,700
Revenue and Support

Revenue Composition

Contributions and Grants
$120,267,599
Program Service Revenue
$0
Investment Income
$11,013
Other Revenue
$554,014
All Other Contributions
$98,528,552
Change in Net Assets
$14,851,616

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$27,133,581Fair Market Value (FMV)
Books and Publications-$66,155Fair Market Value (FMV)
Total Noncash Contributions5$27,199,736-

Audited Revenue Reconciliation

Revenue per Audited Statements
$115,044,054
Revenue Not Reported on Financial Statements
$5,788,572
Revenue Not Reported on Form 990
$39,513,143
Total Revenue per Audited Statements
$154,557,197
Total Revenue per Form 990
$120,832,626
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$62,627,111
Other Expenses$31,693,656
Grants and Similar Amounts Paid$11,590,243
Total Fundraising Expense$1,843,293
Professional Fundraising Fees$70,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$43,344,905$3,119,916$1,267,104$47,731,925
Other Employee Benefits$7,406,224$516,757$304,905$8,227,886
Occupancy$7,198,670$820,959$249$8,019,878
Grants to Domestic Orgs$7,321,391--$7,321,391
Fees for Service Investment Mgmnt Fees-$5,788,572-$5,788,572
Payroll Taxes$4,292,814$219,177$94,884$4,606,875
Grants to Domestic Individuals$4,268,852--$4,268,852
Fees for Services Other$3,385,412$158,050-$3,543,462
All Other Expenses$2,609,600$699,475$9,584$3,318,659
Depreciation Depletion$1,780,605$818,411-$2,599,016
Travel$1,335,339$37,205$1,629$1,374,173
Current Officers, Directors, Trustees, and Key Employees$1,234,667$88,870$36,093$1,359,630
Information Technology$915,542$211,986$21,789$1,149,317
Other Expenses$684,428$77,083$8,219$769,730
Pension Plan Contributions$612,701$70,455$17,639$700,795
Office Expenses$621,168$21,603$90$642,861
Insurance-$385,417-$385,417
Fees for Services Accounting-$225,548-$225,548
Fees for Services Legal-$174,406-$174,406
Fees for Services Professional Fundraising--$70,000$70,000
Total Functional Expenses$90,539,867$13,597,850$1,843,293$105,981,010

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$105,981,010
Total Expenses per Audited Statements$102,088,756
Expenses per Audited Statements$100,192,438
Expenses Not Reported on Financial Statements$5,788,572
Expenses Not Reported on Form 990$1,896,318
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Harlem Children's Zone Promise Academy IINew york, NY501(c)(3)Education$3,868,960
Harlem Children's Zone Promise Academy INew York, NY501(c)(3)Education$3,452,431

International Summary

Spending
$386,023,403

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments---$386,023,403
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$443,019
Fundraising Gross Income$135,837
Professional Fundraising Fees$70,000
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Award Dinner$10,383,290$135,837$185,929$-50,092
Total Events$10,383,290$135,837$443,019$-307,182
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
zachary schreiberboard of trusteessee Part VNo$90,660,216
Eric MandelblattBoard of TrusteesSee Part VNo$86,514,981
Stanley Druckenmillerchairman of the boardsee part VNo$63,347,476
Eric MandelblattBoard of TrusteesSee Part VNo$3,415,910
Zachary SchreiberBoard of TrusteesSee Part VNo$1,784,492

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$9,119,529
Refundable Advance$7,500,000
Deferred Compensation Payable$5,684,426
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI: disclosures

Line 19 - availability of documents to the public the organization 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 posts its audited financial statements and form 990 on its website, but its governing documents and conflict of interest policy are available upon request and provided at management's discretion.

Filing and Contact Details

Filer

Filer Name
HARLEM CHILDREN'S ZONE INC
EIN
23-7112974
In Care Of
% ALPHA CONTEH CONTROLLER
Phone
2123603255
Address
35 East 125th Street, New York, NY 10035

Signing Officer

Name
James D Hutter
Title
CFO
Phone
2123603255
Signed
2018-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
anne williams-isom
Formed
1970
Legal Domicile
Ny
Voting Board Members
19
Independent Board Members
17
Employees
3,249
Volunteers
0

Preparer

Firm
Grant Thornton Llp
Address
757 THIRD AVENUE 3RD FLOOR, NEW YORK, NY 10017-2013
Preparer
Scott Thompsett
Phone
2125990100
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

ORGANIZATION'S MISSION (CONTINUED) WE HAVE CREATED AN INTERLOCKING NETWORK OF PROGRAMS SO THAT OUR STUDENTS CAN SUCCESSFULLY GRADUATE FROM COLLEGE, ENTER THE HIGH-SKILLS JOB MARKET AND BECOME PRODUCTIVE, TAX-PAYING MEMBERS OF SOCIETY. OUR GOAL IS TO ENSURE THAT OUR KIDS GROW UP TO BECOME WELL-ROUNDED, SUCCESSFUL, HEALTHY, CIVIC-MINDED CITIZENS. HCZ'S UNIQUE APPROACH IS TO PROVIDE SUPPORTS FOR EACH STAGE OF A CHILD'S DEVELOPMENT AND ADDRESS ANY BARRIER TO HIS OR HER ACADEMIC SUCCESS. OUR EARLY-CHILDHOOD PROGRAMS HELP BUILD A STRONG FOUNDATION FOR LATER LEARNING. OUR ELEMENTARY-SCHOOL PROGRAMS SUPPORT STUDENTS IN THE LOCAL TRADITIONAL PUBLIC SCHOOLS BY PROVIDING ENRICHING PROGRAMS AFTER SCHOOL. OUR TWO K-12 CHARTER SCHOOLS ARE STAFFED WITH DEDICATED, QUALITY TEACHERS AND SPECIALISTS TO ENSURE OUR STUDENTS STAY ON TRACK FOR COLLEGE SUCCESS. WE ALSO OFFER AFTER-SCHOOL PROGRAMS FOR MIDDLE-SCHOOL AND HIGH-SCHOOL STUDENTS WHO LIVE IN THE CHILDREN'S ZONE AND ATTEND TRADITIONAL PUBLIC SCHOOLS - WORKING CLOSELY WITH THEM, THEIR TEACHERS AND PARENTS TO MAKE SURE THEY GRADUATE ON TIME AND ARE READY FOR COLLEGE. WHETHER STUDENTS ATTEND LOCAL COLLEGES OR ARE OUT-OF-TOWN, OUR COLLEGE SUCCESS OFFICE HELPS THEM WITH EVERYTHING FROM TIME MANAGEMENT TO TUTORING TO GETTING PAID INTERNSHIPS, WHICH ARE SO IMPORTANT TO EARNING EXTRA INCOME AND GAINING INVALUABLE WORK EXPERIENCE. WE HAVE THE SAME EXPECTATIONS OF SUCCESS FOR THE CHILDREN WE SERVE FROM TRADITIONAL PUBLIC SCHOOLS AS WE DO FROM OUR CHARTER SCHOOLS. THOUGH OUR PROGRAMS WORK WITH THOUSANDS OF CHILDREN, WE MAKE SURE EACH CHILD GETS HIS OR HER SPECIFIC NEEDS MET AND IS FOCUSED ON GRADUATING FROM COLLEGE. CHILDREN FROM FIFTH GRADE AND UP ARE ASSIGNED AN ADVOCATE WHO CREATES AN ONGOING ASSESSMENT OF WHAT SERVICES ARE NECESSARY AND MAKES SURE THE STUDENT GETS THEM, WHETHER IT IS RELATED TO HEALTH CARE, A CHAOTIC HOME LIFE OR AN ACADEMIC STUMBLING BLOCK. IMPORTANTLY, IN ADDITION TO OUR DIRECT WORK WITH CHILDREN, WE HAVE PROGRAMS AIMED AT STRENGTHENING FAMILIES AND THE VERY FABRIC OF THE COMMUNITY - TRANSFORMING THE NEIGHBORHOOD FROM ONE MIRED IN POVERTY TO ONE OF ECONOMIC STABILITY AND A POSITIVE CULTURE. SINCE WE ARE CONCERNED WITH THE ENTIRE CHILD, WE ALSO HAVE DEVELOPED PROGRAMS TO IMPROVE THE HEALTH OF OUR CHILDREN. BECAUSE OBESITY THREATENS THE HEALTH OF SO MANY OF OUR CHILDREN AND ADULTS, WE CREATED AN ORGANIZATION-WIDE PROGRAM CALLED HEALTHY HARLEM. WE CREATED A DATABASE OF THE HEIGHT, WEIGHT AND BODY MASS INDEX OF ALL PARTICIPANTS TO TRACK THEIR PROGRESS. THE PROGRAM OFFERS ONE HOUR A DAY OF EXERCISE AND ONE NUTRITION EDUCATION CLASS EACH WEEK TO THOUSANDS OF OUR STUDENTS. CHILDREN WITH THE MOST SEVERE OBESITY PROBLEMS RECEIVE MORE INDIVIDUALIZED ATTENTION. HEALTHY HARLEM ALSO WORKS WITH PARENTS, OFFERING EXERCISE CLASSES, HEALTHY COOKING CLASSES AND A SUBSIDIZED FARMERS MARKET. WE HAVE BECOME A NATIONAL MODEL FOR FIGHTING POVERTY AND EDUCATING AT-RISK YOUTH. HUNDREDS OF DELEGATIONS FROM AROUND THE WORLD HAVE VISITED US OR TAKEN WORKSHOPS TO LEARN ABOUT WHAT WE DO. PRESIDENT BARACK OBAMA CREATED THE PROMISE NEIGHBORHOODS PROGRAM TO USE FEDERAL MATCHING GRANTS TO REPLICATE OUR COMPREHENSIVE MODEL IN OTHER POOR COMMUNITIES ACROSS THE COUNTRY AND WE HAVE PROVIDED ADVICE TO THESE COMMUNITIES. Form 990, Part III, Line 4d OTHER PROGRAM SERVICE ACCOMPLISHMENTS COLLEGE PROGRAMS INCLUDED WITHIN THE PROGRAM SERVICE EXPENDITURES REPORTED IN PART III, LINES 4A THROUGH 4D ARE AMOUNTS PAID OUT AS STIPENDS/GRANTS. HCZ PROVIDES STIPENDS TO HIGH-SCHOOL STUDENTS. THE STIPEND SYSTEM IS A PRE-EMPLOYMENT MODEL, INTRODUCING STUDENTS TO THE TYPICAL WORKPLACE SYSTEM WHERE EMPLOYEES RECEIVE A FINANCIAL REWARD FOR CONSISTENT, HARD WORK. THERE ARE CERTAIN REQUIREMENTS THAT STUDENTS NEED TO SATISFY TO EARN A STIPEND. THE SMALL STIPEND IS ALSO AN INCENTIVE FOR THE CHILDREN TO STAY ENROLLED IN THE PROGRAM EVEN IF THEY ARE BEING TEMPTED BY LESS-ENRICHING PART-TIME WORK IN THE COMMUNITY OR EVEN RISKY ALTERNATIVES FOR T

Form 990, Part IX, line 9

Other changes to net assets Non-Vested Employee Section 457(f) forfeitures: $1,383,525

Financial Statement Notes

Schedule D, part V: endowments

Harlem children's zone's endowments are intended to support the organization's social, cultural and educational programs (as described in part iii of the form 990) and to fund a tax-deferred employee savings plan. Hcz has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding while seeking to maintain the earnings power of the endowment assets.

Schedule D, part X: Fin 48

HCZ 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 only be recognized in the consolidated financial statements 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. HCZ is exempt from federal 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. HCZ has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated business income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. HCZ has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. In addition, HCZ has not recorded a provision for income taxes as it has no material tax liability from unrelated business income activities. SCHEDULE D, PART XI, LINE 2D: RECONCILIATION OF REVENUE NON-VESTED EMPLOYEE SECTION 457(F) FORFEITURES: $1,383,525

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IRS990/Desc0HARLEM CHILDREN'S ZONE OFFERS A COMPREHENSIVE NETWORK OF EDUCATION, SOCIAL-SERVICE AND COMMUNITY-BUILDING PROGRAMS ACROSS A 97-BLOCK AREA OF CENTRAL HARLEM. HARLEM CHILDREN'S ZONE SUPPORTS CHILDREN FROM BIRTH THROUGH COLLEGE AS WELL AS WORKING WITH THE ADULTS AROUND THEM. THE ORGANIZATION SERVES MORE THAN 13,000 CHILDREN - MOST OF WHOM GO TO TRADITIONAL PUBLIC SCHOOLS AND APPROXIMATELY 14,000 ADULTS. THE ORGANIZATION HAS BEEN SUCCESSFUL IN TEACHING NEW PARENTS HOW TO ENGAGE WITH THEIR CHILDREN TO OPTIMIZE BRAIN DEVELOPMENT, WHICH SETS THE STAGE FOR LATER ACADEMIC SUCCESS. THE BABY COLLEGE PARENTING WORKSHOPS HAVE GRADUATED MORE THAN 6,000 PARENTS AND CAREGIVERS SINCE IT BEGAN IN 2000. IN THE HARLEM GEMS PRE-KINDERGARTEN PROGRAMS, THREE- AND FOUR-YEAR-OLDS ATTEND AN ALL-DAY, YEAR-ROUND PROGRAM THAT TEACHES IN ENGLISH, SPANISH AND FRENCH. IN 2017, 100% OF THE CHILDREN WHO COMPLETED THE HARLEM GEMS PRE-SCHOOL PROGRAM HAVE BEEN ASSESSED AS "SCHOOL READY," AS DETERMINED BY THE NATIONALLY RECOGNIZED BRACKEN SCALE ASSESSMENT. WE PROVIDE SUPPORT FOR STUDENTS IN ALL THE TRADITIONAL PUBLIC ELEMENTARY SCHOOLS WITHIN HARLEM CHILDREN'S ZONE AFTER SCHOOL PROGRAM. WE WORK WITH MIDDLE-SCHOOL AND HIGH-SCHOOL STUDENTS THROUGH SEVERAL AFTER-SCHOOL PROGRAMS, MAKING SURE THEY ARE READY FOR COLLEGE. THE HIGH-SCHOOL PROGRAMS OFFER PERSONALIZED TUTORING IN MATH, SCIENCE, HISTORY AND OTHER SUBJECTS; WRITING WORKSHOPS; SAT AND ACT PREP AND TOURS OF COLLEGE CAMPUSES; AND PROVIDE INSTRUCTION IN OTHER FUN, ENRICHING DISCIPLINES. WE HAVE MORE THAN 860 STUDENTS IN COLLEGE AND TO MAKE SURE THEY ARE SUCCESSFUL, OUR COLLEGE SUCCESS OFFICE OFFERS A VARIETY OF SUPPORTS: TUTORING, SCHOLARSHIPS, FINANCIAL AID COUNSELING, TIME MANAGEMENT CLASSES, AS WELL AS RESUME-WRITING AND INTERVIEW WORKSHOPS. EACH STUDENT IS ASSIGNED AN ADVISOR WHO STAYS IN REGULAR CONTACT AND VISITS THE SCHOOL TO MAKE SURE THE STUDENT IS GETTING THE SUPPORTS THEY NEED AND IS STAYING ON TRACK FOR GRADUATION. WE ALSO HELP STUDENTS WITH GETTING WORKPLACE EXPERIENCE THROUGH PAID INTERNSHIPS IN COMPANIES, HEALTH-CARE INSTITUTIONS, GOVERNMENT AGENCIES AND NON-PROFITS AS WELL AS EMPLOYING THEM TO HELP WITH PROGRAMS AT HCZ.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
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IRS990/Form990PartVIISectionAGrp/TitleTxt25Communications Director
IRS990/Form990PartVIISectionAGrp/TitleTxt26chief procurement officer
IRS990/Form990PartVIISectionAGrp/TitleTxt27Executive Director
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IRS990/FormationYr01970
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt010247453
IRS990/FundraisingDirectExpensesAmt0443019
IRS990/FundraisingGrossIncomeAmt0135837
IRS990/GainOrLossGrp/SecuritiesAmt0-200
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GovernmentGrantsAmt011491594
IRS990/GrantAmt09370440
IRS990/GrantsPayableGrp/BOYAmt069615204
IRS990/GrantsPayableGrp/EOYAmt067783225
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt04268852
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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt07321391
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IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
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IRS990/GrossReceiptsAmt0162943492
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1,169$186$984$98.2$134$35.6
2023Detailed filing. Detailed filing data is available for this year.$1,061$194$867$102$117$15.5
2022Detailed filing. Detailed filing data is available for this year.$946$82.2$864$135$104$30.7
2021Detailed filing. Detailed filing data is available for this year.$971$93.0$878$171$152$18.9
2020Detailed filing. Detailed filing data is available for this year.$744$112$632$135$105$29.9
2019Detailed filing. Detailed filing data is available for this year.$663$97.8$565$112$107$5.48
2018Detailed filing. Detailed filing data is available for this year.$650$98.7$551$73.0$106$32.8
2017Detailed filing. Detailed filing data is available for this year.$627$97.7$529$121$106$14.9
2016Detailed filing. Detailed filing data is available for this year.$577$100$477$88.8$98.7$9.91
2015Detailed filing. Detailed filing data is available for this year.$596$98.7$497$197$99.1$97.7
2014Detailed filing. Detailed filing data is available for this year.$522$117$405$82.7$98.4$15.7
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$487$110$377$90.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$456$87.0$369$89.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$361$44.5$317$78.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$193$13.1$180$68.5