Zeta Charter Schools - New York City

“The organization contracted with a related organization, zeta charter schools, inc., to provide educational management and operational services. The organization incurred $8,327,619 in management fees to zeta charter schools, inc. During the fiscal year. The cfo, brian zied listed in part vii, section a, was compensated by the management company in the amount of $103,945 for services to zeta charter schools nyc.”

“The organization had no committees in place in fiscal year 2024.”

“The form 990 is prepared by an independent accounting firm and reviewed by the chair and treasurer. After any required changes are made, a final version is distributed to all board members after filing.”

“Prior to election to the board, or employment at the organization, and thereafter on an annual basis, all directors, officers, and senior management members complete a statement to disclose any potential or apparent conflicts of interest. The statements are reviewed by the board secretary who provides them to the board chair. Covered persons are also under a continuing obligation to disclose any actual or potential conflicts as soon as they are known, or reasonably should be known. Disclosures are made in advance, before any action is taken on the matter that poses an actual or potential conflict. All disclosures are brought to the attention of the board chair and secretary, unless either is the individual with a potential conflict. Persons with a potential or actual conflict recuse themselves from (1) engaging in discussions and (2) receiving information related to the conflict situation, unless a majority of disinterested directors approve their presence, involvement, and/or participation. In the event a conflict is determined, the interested board member is recused from voting upon the related matter.”

“An annual meeting is held by the board to review performance, determine, and approve compensation for all principals and operations directors for the following year. This process happens annually, using comparability data from new york city public schools, and is documented in the organization's board minutes. The process was last conducted in 2024.”

“The organization's form 990 and the audited financial statements are available for public inspection as required under section 6104 of the internal revenue code. The form 990 is posted on the organization's website. In addition, the conflict of interest policy, articles of incorporation and by-laws are also available upon written request or by calling the organization directly.”

“Loss on disposal of assets -277,902.”

“The organization's board of directors assumes responsibility for the audit of the organization's financial statements and the selection of an independent accountant. The process has not changed from the prior year.”