Civic Intelligence

Harlem Academy

990 • Fiscal year 2019 • EIN 56-2454573

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 29, 2020

1330 Fifth AvenueNew York, NY 10026

(212) 348-2600

Siviq Scores

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

Liabilities / Assets

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

23rd percentile

0.06x

Higher debt load relative to revenue than 23% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Net Margin

80th percentile

16%

Higher net margin than 80% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

61st percentile

$199,951

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Asset Growth

24th percentile

-2.8%

Faster asset growth than 24% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

5th percentile

-39%

Faster revenue growth than 5% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Down

$19,207,143

Down $550,808 (-2.8%) from 2018

Net Assets

Down

$18,931,088

Down $535,713 (-2.8%) from 2018

Liabilities

Down

$276,055

Down $15,095 (-5.2%) from 2018

Revenue

Down

$4,735,984

Down $3,048,221 (-39%) from 2018

Expenses

Up

$3,965,880

Up $135,076 (+3.5%) from 2018

Net Income

Down

$770,104

Down $3,183,297 (-81%) from 2018

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $2,239,405Liabilities 2011: $98,685Net Assets 2011: $2,140,7202011Assets 2012: $2,076,803Liabilities 2012: $143,673Net Assets 2012: $1,933,1302012Assets 2013: $6,388,578Liabilities 2013: $140,635Net Assets 2013: $6,247,9432013Assets 2014: $22,551,900Liabilities 2014: $7,758,629Net Assets 2014: $14,793,2712014Assets 2015: $21,790,299Liabilities 2015: $4,656,737Net Assets 2015: $17,133,5622015Assets 2016: $21,047,951Liabilities 2016: $3,341,923Net Assets 2016: $17,706,0282016Assets 2017: $20,819,010Liabilities 2017: $1,634,906Net Assets 2017: $19,184,1042017Assets 2018: $19,757,951Liabilities 2018: $291,150Net Assets 2018: $19,466,8012018Assets 2019: $19,207,143Liabilities 2019: $276,055Net Assets 2019: $18,931,0882019Assets 2020: $26,005,690Liabilities 2020: $770,223Net Assets 2020: $25,235,4672020Assets 2021: $36,968,972Liabilities 2021: $2,025,450Net Assets 2021: $34,943,5222021Assets 2022: $43,474,797Liabilities 2022: $2,586,730Net Assets 2022: $40,888,0672022Assets 2023: $42,923,413Liabilities 2023: $1,723,414Net Assets 2023: $41,199,9992023Assets 2024: $45,003,724Liabilities 2024: $1,442,223Net Assets 2024: $43,561,5012024

Highlighted filing

2019

Assets$19,207,143
Liabilities$276,055
Net Assets$18,931,088

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $1,945,678Expenses 2011: $2,161,864Net Income 2011: -$216,1862011Expenses 2012: $2,728,8282012Expenses 2013: $2,978,8592013Revenue 2014: $11,253,114Expenses 2014: $2,962,876Net Income 2014: $8,290,2382014Revenue 2015: $5,528,875Expenses 2015: $3,188,584Net Income 2015: $2,340,2912015Revenue 2016: $3,444,329Expenses 2016: $3,387,863Net Income 2016: $56,4662016Revenue 2017: $4,995,575Expenses 2017: $3,672,499Net Income 2017: $1,323,0762017Revenue 2018: $7,784,205Expenses 2018: $3,830,804Net Income 2018: $3,953,4012018Revenue 2019: $4,735,984Expenses 2019: $3,965,880Net Income 2019: $770,1042019Revenue 2020: $9,899,504Expenses 2020: $3,932,463Net Income 2020: $5,967,0412020Revenue 2021: $12,918,363Expenses 2021: $3,478,502Net Income 2021: $9,439,8612021Revenue 2022: $10,322,774Expenses 2022: $4,493,964Net Income 2022: $5,828,8102022Revenue 2023: $5,546,434Expenses 2023: $5,378,216Net Income 2023: $168,2182023Revenue 2024: $8,335,618Expenses 2024: $6,301,230Net Income 2024: $2,034,3882024

Highlighted filing

2019

Revenue$4,735,984
Expenses$3,965,880
Net Income$770,104
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 29, 2020
Return Version
2018v3.1
Gross Receipts
$4,876,487
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,994,449$10,899,907▼ $1,094,542
Pledges and Grants Receivable$3,451,944$3,267,695▼ $184,249
Savings and Temporary Cash Investments$2,253,825$3,088,618▲ $834,793
Cash and Non-Interest-Bearing Accounts$1,908,619$1,719,498▼ $189,121
Prepaid Expenses and Deferred Charges$11,048$82,652▲ $71,604
Accounts Receivable$40,037$51,344▲ $11,307
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$19,757,951$19,207,143▼ $550,808
Other Assets Total$98,029$97,429▼ $600
Liabilities
Accounts Payable and Accrued Expenses$258,044$233,825▼ $24,219
Deferred Revenue$33,106$42,230▲ $9,124
Total Liabilities$291,150$276,055▼ $15,095
Net Assets / Fund Balance
Unrestricted Net Assets$13,401,589$12,115,376▼ $1,286,213
Temporarily Rstr Net Assets$5,923,637$6,673,429▲ $749,792
Permanently Rstr Net Assets$141,575$142,283▲ $708
Total Net Assets Fund Balance$19,466,801$18,931,088▼ $535,713
Total Liabilities and Net Assets / Fund Balance$19,757,951$19,207,143▼ $550,808

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,018,315--
Land$9,855,832--
Equipment$18,568$214,485-
Leasehold Improvements$7,192$442,911-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$141,575-▲ $708-$142,283
2017$140,871-▲ $704-$141,575
2016$140,194-▲ $677-$140,871
2015$89,148$50,500▲ $546-$140,194
2014$89,090-▲ $58-$89,148
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Vincent DotoliHead of SchoolFT$183,725$16,226$199,951
Walter M Frankenberger IIIChief Devel. Off.FT$147,562$5,988$153,550
Leonard SmithFinance DirectorFT$146,127$5,241$151,368
LaShonda DavisLower School DirectorFT$122,257$3,083$125,340
Leah WeintraubMiddle School DirectorFT$111,827$10,094$121,921
Vanessa ScanfeldStrategy DirectorFT$117,550-$117,550

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$4,326,798
Program Service Revenue
$397,257
Investment Income
$11,929
Other Revenue
$0
All Other Contributions
$3,359,950
Change in Net Assets
$770,104

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,735,984
Revenue Not Reported on Form 990
$122,321
Total Revenue per Audited Statements
$4,858,305
Total Revenue per Form 990
$4,735,984
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,809,269
Other Expenses$1,156,611
Total Fundraising Expense$624,588
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,683,712$157,451$396,529$2,237,692
Occupancy$390,859$4,738$16,582$412,179
Current Officers, Directors, Trustees, and Key Employees$102,643$51,322$51,322$205,287
Payroll Taxes$138,460$12,980$29,158$180,598
All Other Expenses$124,084$10,742$34,096$168,922
Other Employee Benefits$120,098$9,133$23,776$153,007
Fees for Services Other$51,268$25,571$4,500$81,339
Other Expenses$50,105$12,438$23,416$62,543
Insurance$55,369$636$2,210$58,215
Advertising$14,600-$37,499$52,099
Pension Plan Contributions$26,596$1,322$4,767$32,685
Depreciation Depletion$17,289$210$733$18,232
Information Technology$3,760--$3,760
Total Functional Expenses$3,014,403$326,889$624,588$3,965,880

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,988,018
Expenses per Audited Statements$3,965,880
Total Expenses per Form 990$3,965,880
Expenses Not Reported on Form 990$22,138
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$140,503
Fundraising Gross Income$140,503
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Other Events$1,004,180$140,503-$140,503
Total Events$1,004,180$140,503$140,503-
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Father-daughter relationship exists among two trustees.

Form 990, Part VI, Line 11B: Form 990 Review Process

A draft 990, which is prepared by the auditors, is first reviewed by the Finance Director before being presented for review to the Audit committee. Any edits resulting from committee review are made and the draft is presented to the entire board for final review prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The organization has a board approved conflicts of interest policy. 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, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board determines and votes on the Head of School's compensation package based off the combination of market research, financial health of the organization, and evaluation of individual performance. This process occurs during the September board meeting and the final compensation package is communicated to the Finance Director by the Board Chair to be effective immediately, and retroactive back to the beginning of the current employee contract period.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The board determines and votes on the Head of School's compensation package based off the combination of market research, financial health of the organization, and evaluation of individual performance. This process occurs during the 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, Line 19: Other Organization Documents Publicly Available

Governing documents and conflict of interest policy are made available upon request. Financial statements and information are made available to the public through our website, as well as nonprofit websites such as Guidestar and Charity Navigator.

Filing and Contact Details

Filer

Filer Name
Harlem Academy
EIN
56-2454573
Phone
2123482600
Address
1330 Fifth Avenue, New York, NY 10026

Signing Officer

Name
Vincent Dotoli
Title
Head of School
Signed
2020-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vincent Dotoli
Formed
2004
Legal Domicile
Ny
Voting Board Members
21
Independent Board Members
20
Employees
49
Volunteers
300

Preparer

Firm
Schall & Ashenfarb Cpas
Address
307 5th Ave 15th Floor, NEW YORK, NY 10016-6517
Preparer
Michael Schall
Phone
2122682800
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Impairment of fixed assets = -$1406000

Financial Statement Notes

Part X : FIN48 Footnote

The Academy does not believe its financial statements include any material uncertain tax positions. Tax filings for periods ending June 30, 2016 and later are subject to examination by applicable taxing authorities.

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IRS990/Desc0Overview.Harlem Academy drives equity of opportunity for promising students, guiding them to thrive at the highest academic levels and one day make a mark on the world. Harlem Academy drives equity of opportunity for promising students, guiding them to thrive at the highest academic levels and one day make a mark on the world. To start, we seek students whose potential might otherwise go unrealized. Then, we focus on providing the differentiated challenge it takes to cultivate transformational growth. The realization of this mission guides all of our key decisions in daily work, relationship building, problem solving, and strategic planning. Commitment to low-income children. Harlem Academy provides more than $3 million in scholarship support each year. We are committed to a meritocracy where hard work drives the opportunity to realize potential, and where no qualified family is turned away for an inability to pay. Harlem Academys tuition is set on a sliding scale based on income, and every family contributes.Transformational growth. Harlem Academy admits promising children and supports them in cultivating their talents. Students gain a tremendous 16 points during their time at Harlem Academy, on average entering at the 74th percentile and graduating at the 90th percentile. Nationally, a promising, low-income student starting first grade at the 72nd percentile (a similar profile to our students) will lose 13 points by eighth grade, dropping to the 59th percentile.Secondary school success. Over the past eight years, 95% of our graduates have moved on to selective secondary schools, most with full-need scholarships to independent day and boarding schools including Andover, Chapin, Horace Mann, Hotchkiss, Kent, Lawrenceville, Northfield Mount Hermon, Peddie, Riverdale, Spence, and Trinity. Graduate maintain high performance through secondary school, last year earning a median GPA of 3.8.College success. With 90% of graduates entering four-year colleges, Harlem Academy students have surpassed national outcomes for high-achieving, wealthier students. Harlem Academy graduates are enrolled at top schools, including Brown, Cornell, Dartmouth, Lehigh, NYU, and RPI. Providing a model education. Harlem Academy serves as a laboratory for developing and disseminating best practices for advancing equity in education for promising students. The school has published eight articles in national education publications over the past four years, reaching more than 350,000 educators and school leaders. Top rating from GuideStar and Charity Navigator. Harlem Academy received a four-star rating from Charity Navigator for financial management, accountability, and transparency, as well as GuideStars platinum rating for measuring progress and sharing results, highlighting the school's continued commitment to use gifts effectively toward advancing the mission.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt255988
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt260
IRS990/Form990PartVIISectionAGrp/PersonNm0David B Peterson
IRS990/Form990PartVIISectionAGrp/PersonNm1Laura B Sillerman
IRS990/Form990PartVIISectionAGrp/PersonNm2Will Cook
IRS990/Form990PartVIISectionAGrp/PersonNm3Tony Asnes
IRS990/Form990PartVIISectionAGrp/PersonNm4Jay Bargmann
IRS990/Form990PartVIISectionAGrp/PersonNm5John Belizaire
IRS990/Form990PartVIISectionAGrp/PersonNm6Bruno Bich
IRS990/Form990PartVIISectionAGrp/PersonNm7W Graham Cole Jr
IRS990/Form990PartVIISectionAGrp/PersonNm8Mary Ganzenmuller
IRS990/Form990PartVIISectionAGrp/PersonNm9Doug Griebel
IRS990/Form990PartVIISectionAGrp/PersonNm10Dale Hemmerdinger
IRS990/Form990PartVIISectionAGrp/PersonNm11Valarie A Hing
IRS990/Form990PartVIISectionAGrp/PersonNm12Richard Schaps
IRS990/Form990PartVIISectionAGrp/PersonNm13Ann MacRae
IRS990/Form990PartVIISectionAGrp/PersonNm14Rodney Pope
IRS990/Form990PartVIISectionAGrp/PersonNm15Tom Reycraft
IRS990/Form990PartVIISectionAGrp/PersonNm16Hank Prybylski
IRS990/Form990PartVIISectionAGrp/PersonNm17Hillary Thomas
IRS990/Form990PartVIISectionAGrp/PersonNm18Michael Toperek
IRS990/Form990PartVIISectionAGrp/PersonNm19Alan Washington
IRS990/Form990PartVIISectionAGrp/PersonNm20Betsy Michel
IRS990/Form990PartVIISectionAGrp/PersonNm21Vincent Dotoli
IRS990/Form990PartVIISectionAGrp/PersonNm22Leah Weintraub
IRS990/Form990PartVIISectionAGrp/PersonNm23Leonard Smith
IRS990/Form990PartVIISectionAGrp/PersonNm24LaShonda Davis
IRS990/Form990PartVIISectionAGrp/PersonNm25Walter M Frankenberger III
IRS990/Form990PartVIISectionAGrp/PersonNm26Vanessa Scanfeld
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt19Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt20Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt21Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt22Middle School Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt23Finance Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Lower School Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt25Chief Devel. Off.
IRS990/Form990PartVIISectionAGrp/TitleTxt26Strategy Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
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IRS990/FundraisingActivitiesInd0true
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IRS990/FundraisingDirectExpensesAmt0140503
IRS990/FundraisingGrossIncomeAmt0140503
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IRS990/GoverningBodyVotingMembersCnt021
IRS990/GovernmentGrantsAmt0103171
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
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IRS990/MembersOrStockholdersInd0false
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IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Harlem 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.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/OccupancyGrp/ProgramServicesAmt0390859
IRS990/OccupancyGrp/TotalAmt0412179

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.0$1.44$43.6$8.34$6.30$2.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.9$1.72$41.2$5.55$5.38$0.17
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.5$2.59$40.9$10.3$4.49$5.83
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.0$2.03$34.9$12.9$3.48$9.44
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.0$0.77$25.2$9.90$3.93$5.97
2019Detailed filing. Detailed filing data is available for this year.$19.2$0.28$18.9$4.74$3.97$0.77
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.8$0.29$19.5$7.78$3.83$3.95
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.8$1.63$19.2$5.00$3.67$1.32
2016Detailed filing. Detailed filing data is available for this year.$21.0$3.34$17.7$3.44$3.39$0.06
2015Summary only. Only limited summary data is available for this year.$21.8$4.66$17.1$5.53$3.19$2.34
2014Detailed filing. Detailed filing data is available for this year.$22.6$7.76$14.8$11.3$2.96$8.29
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.39$0.14$6.25$2.98
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$0.14$1.93$2.73
2011Summary only. Only limited summary data is available for this year.$2.24$0.10$2.14$1.95$2.16$0.22