Civic Intelligence

Harlem Success Academy Charter School 3

EIN 36-4629540 • 501(c)3 • New York, NY

Profile

The mission of harlem success academy charter school 3 ("hsa3")is to provide children in new york city with an exceptionally high-quality education that gives them the knowledge, skills, character and disposition to meet and exceed new york state standards, and the resources to succeed and lead in school, college and a competitive global economy.

Refreshing map…

95 PINE STREET Suite FL 6New York, NY 10005

www.successacademies.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

37th percentile

0.18x

Higher debt load relative to assets than 37% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

18th percentile

0.15x

Higher debt load relative to revenue than 18% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

71st percentile

13%

Higher net margin than 71% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

10th percentile

$259,986

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

93rd percentile

30%

Faster asset growth than 93% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2024

Revenue Growth

48th percentile

6.5%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2024

Assets

Up

$361,127,629

Up $148,720,314 (+70%) from 2022

Liabilities

Up

$66,674,700

Up $28,144,287 (+73%) from 2022

Net Assets

Up

$294,452,929

Up $120,576,027 (+69%) from 2022

Revenue

Up

$452,629,748

Up $53,406,894 (+13%) from 2022

Expenses

Up

$396,032,324

Up $53,769,870 (+16%) from 2022

Net Income

Down

$56,597,424

Down $362,976 (-0.6%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400M$300M$200M$100M$0Assets 2010: $1,665,997Liabilities 2010: $330,889Net Assets 2010: $1,335,1082010Assets 2011: $3,038,791Liabilities 2011: $394,974Net Assets 2011: $2,643,8172011Assets 2012: $5,118,450Liabilities 2012: $281,688Net Assets 2012: $4,836,7622012Assets 2013: $24,061,704Liabilities 2013: $3,912,202Net Assets 2013: $20,149,5022013Assets 2014: $24,764,028Liabilities 2014: $6,698,383Net Assets 2014: $18,065,6452014Assets 2015: $41,613,824Liabilities 2015: $18,598,166Net Assets 2015: $23,015,6582015Assets 2016: $57,426,916Liabilities 2016: $37,234,025Net Assets 2016: $20,192,8912016Assets 2017: $65,871,158Liabilities 2017: $44,700,817Net Assets 2017: $21,170,3412017Assets 2019: $74,914,075Liabilities 2019: $52,177,259Net Assets 2019: $22,736,8162019Assets 2020: $87,603,548Liabilities 2020: $31,709,154Net Assets 2020: $55,894,3942020Assets 2021: $153,203,967Liabilities 2021: $31,963,162Net Assets 2021: $121,240,8052021Assets 2022: $212,407,315Liabilities 2022: $38,530,413Net Assets 2022: $173,876,9022022Assets 2024: $361,127,629Liabilities 2024: $66,674,700Net Assets 2024: $294,452,9292024

Highlighted filing

2024

Assets$361,127,629
Liabilities$66,674,700
Net Assets$294,452,929

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600M$400M$200M$0-$200MExpenses 2010: $3,304,5992010Expenses 2011: $5,672,6792011Expenses 2012: $7,263,8742012Expenses 2013: $37,281,3652013Revenue 2014: $65,334,145Expenses 2014: $67,418,002Net Income 2014: -$2,083,8572014Revenue 2015: $143,892,645Expenses 2015: $143,802,493Net Income 2015: $90,1522015Revenue 2016: $179,972,521Expenses 2016: $182,795,708Net Income 2016: -$2,823,1872016Revenue 2017: $227,531,280Expenses 2017: $226,553,830Net Income 2017: $977,4502017Revenue 2019: $297,337,868Expenses 2019: $286,294,830Net Income 2019: $11,043,0382019Revenue 2020: $332,804,381Expenses 2020: $299,646,803Net Income 2020: $33,157,5782020Revenue 2021: $391,023,772Expenses 2021: $322,649,810Net Income 2021: $68,373,9622021Revenue 2022: $399,222,854Expenses 2022: $342,262,454Net Income 2022: $56,960,4002022Revenue 2024: $452,629,748Expenses 2024: $396,032,324Net Income 2024: $56,597,4242024

Highlighted filing

2024

Revenue$452,629,748
Expenses$396,032,324
Net Income$56,597,424

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$361$66.7$294$453$396$56.6
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$212$38.5$174$399$342$57.0
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$153$32.0$121$391$323$68.4
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$87.6$31.7$55.9$333$300$33.2
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$74.9$52.2$22.7$297$286$11.0
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$65.9$44.7$21.2$228$227$0.98
2016Detailed filing. Detailed filing data is available for this year.$57.4$37.2$20.2$180$183$2.82
2015Detailed filing. Detailed filing data is available for this year.$41.6$18.6$23.0$144$144$0.09
2014Detailed filing. Detailed filing data is available for this year.$24.8$6.70$18.1$65.3$67.4$2.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.1$3.91$20.1$37.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.12$0.28$4.84$7.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.04$0.39$2.64$5.67
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$0.33$1.34$3.30
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 9, 2025
Return Version
2023v6.0
Gross Receipts
$452,629,748
Mission and Program Overview

Mission

The mission of harlem success academy charter school 3 ("hsa3")is to provide children in new york city with an exceptionally high-quality education that gives them the knowledge, skills, character and disposition to meet and exceed new york state standards, and the resources to succeed and lead in school, college and a competitive global economy.

To provide children in nyc with a high quality education that gives them the knowledge, skills, character & disposition to meet & exceed nys standards & the resources to succeed.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$4,201,194$71,927,243▲ $67,726,049
Land, Buildings, and Equipment, Net$24,512,518$40,843,143▲ $16,330,625
Cash and Non-Interest-Bearing Accounts$16,049,821$35,633,799▲ $19,583,978
Pledges and Grants Receivable$29,112,699$34,722,297▲ $5,609,598
Other Notes and Loans Receivable, Net$30,000,000$30,000,000→ $0
Savings and Temporary Cash Investments$0$13,507,322▲ $13,507,322
Inventories for Sale or Use$8,152,697$4,521,045▼ $3,631,652
Accounts Receivable$0$1,891,661▲ $1,891,661
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$305,843,725$361,127,629▲ $55,283,904
Other Assets Total$193,814,796$128,081,119▼ $65,733,677
Liabilities
Other Liabilities$53,932,728$47,502,930▼ $6,429,798
Accounts Payable and Accrued Expenses$11,863,398$18,879,980▲ $7,016,582
Deferred Revenue$2,186,853$291,790▼ $1,895,063
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$67,982,979$66,674,700▼ $1,308,279
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$237,860,746$294,452,929▲ $56,592,183
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$237,860,746$294,452,929▲ $56,592,183
Total Liabilities and Net Assets / Fund Balance$305,843,725$361,127,629▲ $55,283,904

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$28,463,323$22,551,225$51,014,548
Other Land Buildings$7,745,717$20,752$7,766,469
Equipment$4,634,103$762,098$5,396,201
Other Assets Org$31,106,119--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel RojasPrincipal - Sa Liberal Arts HsFT$225,134$34,852$259,986
William AbbottPRINCIPAL - SA HELL'S KITCHENFT$220,032$37,732$257,764
Rachel KeaneSr Leader - Sa Liberal Arts HsFT$172,230$47,004$219,234
Bianca Rosa-avilesSENIOR LEADER - Bronx 2FT$174,118$43,355$217,473
Samantha LalliPrincipal - SA SpringfieldFT$155,582$54,357$209,939

Board Members and Trustees

NameTitle
Lorenzo SmithChairman
Scott FriedmanVice Chair/treasurer
Aaron KinnariBoard Member
Derrell BradfordBoard Member
Kamilah Mitchell-thomasBoard Member
Lizette St HilaireBoard Member
Ramin BeheshtiBoard Member
Ripan KadakiaBoard Member
Robin PzenaBoard Member
Samuel ColeBoard Member
Edwin CespedesBoard Member (as of 07/23)
Regina KrumholzBoard Member (as of 12/23)
Shabbir AhmedChief Financial Officer
Suleman LunatSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Clune Construction Company LPconstruction405 Lexington Avenue 28, New York, NY 10174$3,430,604
Wesbuilt Construction Managers LLCconstruction31 E 32nd Street 10th Floor, New York, NY 10016$1,699,265
Decent Xposure LLCMedia Marketing75 Gorge Road, Edgewater, NJ 07020$717,147
Fifth Meridian Travel LLCtransportation338 W 49th Street 5FW, New York, NY 10019$450,280
Kastle New York LLCtechnologyPO Box 75327, Baltimore, MD 21275$341,881
Revenue and Support

Revenue Composition

Contributions and Grants
$50,182,293
Program Service Revenue
$391,249,450
Investment Income
$11,018,121
Other Revenue
$179,884
All Other Contributions
$6,317,409
Change in Net Assets
$56,597,424

Audited Revenue Reconciliation

Revenue per Audited Statements
$452,629,748
Revenue Not Reported on Form 990
$-5,241
Total Revenue per Audited Statements
$452,624,507
Total Revenue per Form 990
$452,629,748
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$199,835,760
Other Expenses$196,196,564
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$153,693,780$13,364,676-$167,058,456
Fees for Services Management$62,212,570$15,553,142-$77,765,712
Information Technology$22,866,426$1,988,385-$24,854,811
Occupancy$16,511,664$1,435,797-$17,947,461
Other Employee Benefits$15,353,865$1,335,119-$16,688,984
Advertising$16,220,943--$16,220,943
Depreciation Depletion$12,203,329$1,061,159-$13,264,488
Payroll Taxes$11,169,528$971,263-$12,140,791
Office Expenses$6,925,445$878,566-$7,804,011
Pension Plan Contributions$3,631,727$315,802-$3,947,529
Insurance$2,972,776$258,502-$3,231,278
Travel$2,777,490$241,521-$3,019,011
Other Expenses$1,976,503$8,906-$1,976,503
All Other Expenses$691,933$828,781-$1,520,714
Fees for Services Legal-$1,176,177-$1,176,177
Fees for Services Other$302,860$26,336-$329,196
Fees for Services Accounting-$209,007-$209,007
Interest$58,212$5,062-$63,274
Total Functional Expenses$356,374,123$39,658,201$0$396,032,324

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$396,032,324
Total Expenses per Audited Statements$396,032,324
Total Expenses per Form 990$396,032,324
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

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
Right-of-use - Operating$32,342,447
Schools, Inc.$15,160,483
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 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 3:

The organization entered into a relationship with the charter management organization, success academy charter schools, inc. (the "network"). The responsibilities of the network are as follows: (1) hiring educational consultants and staff to advise on and execute school development. (2) researching and documenting the successful characteristics of k-12 schools such as those affiliated with the network. (3) providing resources to new charter schools within the network, such as assistance recruiting leadership, administration and staff; recruiting students; and fostering the development of shared services, curricula, and facilities. (4) performing research on policies that can increase educational opportunities for all children, including but not limited to policies relating to charter schools. (5) providing additional support to students within the network or students of need to allow them to pursue academic excellence; and (6) other activities that promote educational achievement. The cfo was compensated by the management company, success academy charter schools, inc.

FORM 990, PART VI, SECTION B, LINE 11B:

Form 990 is reviewed by management for approval and is provided to the finance committee of the board of trustees. If changes are required, the organization will then forward to the auditing firm and the final version will be provided to the finance committee of the board of trustees prior to the irs submission.

FORM 990, PART VI, SECTION B, LINE 12C:

The organization shares its conflict of interest policy with board members and officers on an annual basis. Officers, directors, and key employees are expected to declare if at any point a conflict of interest arises.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes all governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Success Academy Charter Schools - NYC
EIN
36-4629540
In Care Of
% NATHANIEL KATZ
Phone
6462777170
Address
95 PINE STREET Suite FL 6, NEW YORK, NY 10005

Signing Officer

Name
Nathaniel Katz
Title
CFO
Phone
6462777170
Signed
2025-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lorenzo Smith
Formed
2008
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
13
Employees
4,038
Volunteers
82

Preparer

Firm
Bdo USA
Address
200 PARK AVENUE 38TH FLOOR, NEW YORK, NY 10166
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Under gaap, an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. Sacs-nyc does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. Sacs-nyc is subject to routine audits by a taxing authority. As of june 30, 2024, sacs-nyc was not subject to any examination by a taxing authority.

Raw XML AppendixShowing 400 of 733 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0TO PROVIDE CHILDREN IN NYC WITH A HIGH QUALITY EDUCATION THAT GIVES THEM THE KNOWLEDGE, SKILLS, CHARACTER & DISPOSITION TO MEET & EXCEED NYS STANDARDS & THE RESOURCES TO SUCCEED.
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