2016-02-29T15:58:04-06:00 2015-06-30 GRANT THORNTON LLP 757 THIRD AVE 2ND FLOOR NEW YORK NY 100172013 990 2014-07-01 237112974 HARLEM CHILDREN'S ZONE INC % ALPHA CONTEH CONTROLLER HARL 2123603255 35 East 125th Street New York NY 10035 James Hutter Chief Financial Officer 2125990100 2016-02-29 true Scott Thompsett P00741490 2125990100 2014 2016-08-17 19:52:53Z anne williams-isom 35 EAST 125TH STREET NEW YORK NY 10035 204535122 false X WWW.HCZ.ORG X 1970 NY 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. 18 15 3599 0 0 0 73600877 193250043 0 0 8417495 128955 699779 3371941 82718151 196750939 3152675 6015634 0 0 61983597 61650523 0 65000 1662787 33260949 31335882 98397221 99067039 -15679070 97683900 521888906 595673604 116534237 98672095 405354669 497001509 X HARLEM CHILDREN'S ZONE IS COMMITED TO BREAKING THE CYCLE OF POVERTY IN CENTRAL HARLEM BY WORKING AT SCALE TO BUILD COMMUNITY, STRENGTHEN FAMILIES, AND ENSURE OUR CHILDREN SUCCEED FROM BIRTH THROUGH COLLEGE GRADUATION. 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 ASSISTANT TEACHERS DURING THE DAY WHO ALSO RUN ENRICHING PROGRAMS AFTER SCHOOL. OUR TWO K-12 CHARTER SCHOOLS ARE STAFFED WITH DEDICATED, QUALITY TEA false false 43023992 4862005 THE HARLEM CHILDREN'S ZONE OFFERS A COMPREHENSIVE NETWORK OF EDUCATION, SOCIAL-SERVICE AND COMMUNITY-BUILDING PROGRAMS ACROSS A 97-BLOCK AREA OF CENTRAL HARLEM. THE 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 MORE THAN 13,000 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 5,000 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 2014, 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 SUPPORTS FOR STUDENTS IN ALL THE TRADITIONAL PUBLIC ELEMENTARY SCHOOLS WITHIN THE HARLEM CHILDREN'S ZONE BOTH DURING THE SCHOOL DAY AND AFTER SCHOOL. WE WORK WITH MIDDLE-SCHOOL AND HIGH-SCHOOL STUDENTS THROUGH SEVERAL AFTER-SCHOOL PROGRAMS, MAKING SURE THEY ARE READY FOR COLLEGE, OFFERING PERSONALIZED TUTORING IN MATH, SCIENCE, HISTORY AND ALL SUBJECTS; WRITING WORKSHOPS; SAT AND ACT PREP AND TOURS OF COLLEGE CAMPUSES; IN ADDITION TO PROVIDING ACCESS TO OTHER FUN, ENRICHING DISCIPLINES. WE HAVE MORE THAN 900 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. 12152499 128874 HCZ'S FOSTER-CARE PREVENTIVE PROGRAMS WORK TO STRENGTHEN FAMILIES IN CRISIS SO THAT THE FAMILIES CAN STAY WHOLE AND NOT HAVE CHILDREN PLACED INTO FOSTER CARE. THERE ARE FIVE PREVENTIVE PROGRAMS, WHICH SERVE MORE THAN 600 FAMILIES THAT HAVE BEEN REFERRED TO US BY THE CITY, AS WELL AS WORKING WITH FAMILIES THAT WALK IN TO OUR STOREFRONT OFFICES OR WHO HAVE CHILDREN IN OUR OTHER PROGRAMS. 11877191 147250 HCZ HAS ESTABLISHED TWO PIONEERING AND AWARD-WINNING BEACON COMMUNITY CENTERS, WHICH TRANSFORM PUBLIC SCHOOL BUILDINGS INTO COMMUNITY CENTERS FOR CHILDREN AND ADULTS DURING EVENING, WEEKEND AND SUMMER HOURS. FOR STUDENTS, THESE CENTERS PROVIDE CRITICAL ACADEMIC SUPPLEMENTS AND PERSONALIZED TUTORING, AS WELL AS A SAFE, ENRICHING PLACE TO SPEND THEIR OUT-OF-SCHOOL HOURS. THE CENTERS PROVIDE TUTORING, TEST PREPARATION, ARTS AND SPORTS PROGRAMS. FOR ADULTS, THE CENTERS OFFER RECREATIONAL AND SPORTS PROGRAMS. OVERALL, THE CENTERS ARE A SORELY NEEDED RESOURCE IN NEIGHBORHOODS THAT ARE BEREFT OF PLACES FOR CHILDREN AND ADULTS TO GATHER, HAVE FUN, LEARN NEW SKILLS AND IMPROVE THEIR FITNESS. 7279626 786328 College Programs 6529966 46751 Other Programs 13809592 833079 80863274 true true false false false false false false true true true true false false true true false true false false true false false true true false false true true true false false false false false true false true true false false false true true false false false true 40 0 true 3599 true false false false false false true true false false false false X 18 15 false false false false false false false true true false false true true true true true true true true false NY X X ALPHA CONTEH CONTROLLER 2123603255 35 EAST 125TH STREET NEW YORK NY 10035 Geoffrey Canada President 40.0 2.0 X X 450494 0 196253 Anne Williams-Isom CEO 40.0 2.0 X X 301584 0 96164 Stanley F Druckenmiller Chairman 1.0 2.0 X X 0 0 0 Mitch Kurz Treasurer 1.0 2.0 X X 0 0 0 Matthew C Blank Secretary 1.0 0.0 X X 0 0 0 Wallis Anenberg board member 1.0 0.0 X 0 0 0 Gary Cohn board member (thru 10/2014) 1.0 0.0 X 0 0 0 Joseph DiMenna board member 1.0 0.0 X 0 0 0 mark Kingdon board member 1.0 0.0 X 0 0 0 Kenneth G Langone board member 1.0 2.0 X 0 0 0 Laura samberg board member 1.0 0.0 X 0 0 0 Caroline Turner board member 1.0 0.0 X 0 0 0 Richard Witten Board Member 1.0 0.0 X 0 0 0 Brian Higgins Board Member 1.0 0.0 X 0 0 0 Nikesh Arora Board Member 1.0 0.0 X 0 0 0 Jeffrey Talpins Board Member 1.0 0.0 X 0 0 0 Zachary J Schreiber board member 1.0 0.0 X 0 0 0 Joshua Silverman board member 1.0 0.0 X 0 0 0 Eric Mandelblatt board member 1.0 0.0 X 0 0 0 Mindy Miller VP of development 40.0 0.0 X 398704 0 116100 George Khaldun CAO 40.0 0.0 X 328643 0 64618 Kwame Owusu-Kesse COO 40.0 0.0 X 164440 0 48225 James d Hutter Chief financial officer 40.0 0.0 X 148077 0 11869 Betina Jean Louis director of evaluation 40.0 0.0 X 221971 0 67932 Conrad Pinnock Senior Advisor 40.0 0.0 X 202665 0 65675 Martin Lipp Communication Director 40.0 0.0 X 206610 0 48849 Marlene Fox Senior Manager, healthy harlem 40.0 0.0 X 196688 0 62811 Tracey Costello chief procurement officer 40.0 0.0 X 245785 0 59195 2865661 0 837691 38 false true false MATHEMATICA POLICY RESEARCH INC PO BOX 2393 PRINCETON NJ 085432393 EVALUATIONS 587833 forces of nature inc 230 malcolm X blvd NEW YORK NY 10027 Dance instruction 252600 RIGHT CONSULTING INC 211 NEW MILFORD AVENUE DUMONT NJ 07628 consulting 231987 HARLEM JUNIOR TENNIS AND EDUCATION 40 WEST 143RD STREET NEW YORK NY 10037 TENNIS INSTRUCTION 214003 Grant Thornton LLP 757 Third Avenue 2nd Floor NEW YORK NY 10017 Accounting Services 203794 9 11180267 11117136 170952640 2311333 193250043 0 29817 29817 0 0 1671046 1671046 0 1671046 1671046 7570021 7470883 99138 99138 99138 157974 11180267 313300 -155326 -155326 0 0 RECOVERY OF PRIOR-YEAR INVESTMENT WRITEOFF 900099 1787510 1787510 MISCELLANEOUS INCOME 900099 68711 68711 1856221 196750939 3500896 2500000 2500000 3515634 3515634 0 0 1514421 1383180 95185 36056 0 47690661 43722183 2878211 1090267 887809 665862 201604 20343 6738634 6067834 437822 232978 4818998 4552490 175084 91424 0 92005 92005 211307 211307 0 65000 65000 9314424 9314424 3386803 3238918 109656 38229 0 563029 535994 24852 2183 733312 501559 201258 30495 0 6999427 6089378 910049 0 1405658 1360458 37421 7779 0 0 0 0 2426052 1516159 909893 0 463965 289954 174011 0 FOOD 1245406 1225029 18607 1770 EQUIPMENT RENTAL & MAINT. 745983 629761 114555 1667 ADMISSIONS 699082 695549 2783 750 TELEPHONE 619600 518477 93891 7232 2429829 1854855 538360 36614 99067039 80863274 16540978 1662787 33037550 27646446 678581 10543374 50467953 19774016 1122443 835443 0 0 0 0 0 0 0 0 760107 974625 156742707 25082543 134856224 131660164 0 0 300336401 403513124 0 0 0 0 629647 726412 521888906 595673604 8027359 8562654 0 71447183 0 0 0 0 91628237 0 0 0 0 0 0 0 16878641 18662258 116534237 98672095 X 340806742 473393929 61409965 19968618 3137962 3638962 405354669 497001509 521888906 595673604 X 97683900 66946830 -73279162 295272 X false true X true true true X 208098844 131949331 57839897 73600877 193520296 665009245 0 0 208098844 131949331 57839897 73600877 193520296 665009245 151354045 513655200 203243 52748 45825 46126 1700863 2048805 0 0 0 0 0 0 252072 803681 3420078 1029179 2014195 7519205 674577255 0 0.76145 0.71598 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 287313069 41874250 58330749 57498 387460570 228837561 14209739 44307121 41352 287313069 165002239 26958775 36901547 25000 228837561 140613742 15828299 8560198 165002239 131922081 1805293 6886368 0 140613742 0.98739 0.00939 0.00322 true false 6800000 6800000 135540194 14742541 120797653 8185838 5894229 2291609 3928519 3190878 737641 2288156 1254895 1033261 131660164 HEDGE FUND INVESTMENTS 342928787 F LIMITED PARTNERSHIP INV. 60584337 F 403513124 0 DEFERRED COMPENSATION PAYABLE 7169399 DUE TO RELATED PARTY 11492859 18662258 X 256685854 66946830 2007237 295272 69249339 187436515 9314424 9314424 196750939 165039014 75286399 75286399 89752615 9314424 9314424 99067039 Schedule D, part V: endowments The Harlem Children's Zone's endowment is intended to support the organization's social, cultural and educational programs (as described in Part III of the Form 990) and to fund the executive profit-sharing 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 The Organization recognizes the tax effects from an uncertain tax position in the financial statements only 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. Management has determined that there are no uncertain tax positions within its consolidated financial statements. The Organization is exempt from federal income taxation by virtue of being an organization described in Section 501(c)(3) of the Internal Revenue Code. Nevertheless, the Organization may be subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Internal Revenue Code. The tax years ending June 30, 2012, 2013, 2014 and 2015 are still open to audit for both federal and state purposes. Schedule D, Part IV: Agency Agreements During the year ended June 30, 2011, the Harlem Children's Zone entered into agency agreements for the construction of a new charter school (the School Project). The agreements provided that the New York School Construction Authority contribute up to $60,000,000 towards the School Project, with the estimated balance of approximately $40,000,000 to be contributed by the Organization or other donors. Upon completion of construction and issuance of the certificate of occupancy, title to the School Project was transferred to the New York City Department of Education and leased back to the Harlem Children's Zone. In the current year, Harlem Children's Zone recorded a grant expense and grant payable to the Harlem Children's Zone Promise Academy I in the amount of $73,279,172 which represents the imputed fair value of the space contributed to the School under the sub-lease. Accordingly, Harlem Children's Zone no longer maintains an agency liability on its balance sheet. Central America and the Caribbean Investments 342592279 342592279 342592279 true false true true true false Form 990, Schedule F The Harlem Children's Zone invests directly in a variety of level 3 limited partnership investments. These limited partnership investments may, in turn, own an interest in a foreign corporation, passive foreign investment company, or foreign partnership. To the extent that the Harlem Children's Zone is required to complete a Form 926, 5471, 8621 or 8865 because its investment exceeds the filing threshold, those Forms have been attached to the organization's Form 990-T filing. X X X X X true Event Associates Inc Fundraising Gala true 65000 -65000 65000 -65000 NY award dinner 11338241 11180267 157974 152000 161300 0 11338241 11180267 157974 152000 161300 313300 -155326 Form 990, Schedule G, Part I - Fundraising Event Associates, Inc. assists the Harlem Children Zone with the organization's annual gala event. The event raises significant funds to support the organization's charitable mission; these funds are raised through the combined efforts of Harlem Children Zone's development office (and other dedicated personnel) and Event Associates. Quantifying precisely how much was raised by Event Associates for Schedule G purposes is not feasible. true Harlem Children's Zone Promise Academy I 35 East 125th Street New York NY 10035 760756768 501(c)(3) 800000 general Harlem Children's Zone Promise Academy II 35 East 125th Street New york NY 10035 342049530 501(c)(3) 1700000 general 2 Educational Stipends 2372 2242774 HCZ Incentive Program 1799 1039195 Scholarships 146 233664 Schedule I, part III THE NEED IN CENTRAL HARLEM: CHILDREN IN CENTRAL HARLEM TYPICALLY FACE MULTIPLE CHALLENGES TO THEIR SUCCESS: FAILING SCHOOLS, INADEQUATE HEALTH CARE, LACK OF SAFE PLACES TO SPEND OUT-OF-SCHOOL TIME, THE EVER-PRESENT THREAT OF PHYSICAL VIOLENCE. NUMEROUS STUDIES HAVE DOCUMENTED THE OBSTACLES TO SUCCESS FOR LOW-INCOME STUDENTS, PARTICULARLY THOSE OF COLOR. A BLACK BOY BORN IN 2001 HAS A ONE IN THREE CHANCE OF GOING TO PRISON IN HIS LIFETIME. ONE STUDY FOUND THAT BY THE AGE OF THREE, CHILDREN IN POOR FAMILIES WERE EXPOSED TO 30 MILLION FEWER WORDS THAN CHILDREN IN HIGH-INCOME HOMES. TO ADDRESS THE MULTIPLICITY OF CHALLENGES OUR KIDS FACE, THE HARLEM CHILDREN'S ZONE HAS CREATED A HOLISTIC, BIRTH-THROUGH-COLLEGE PIPELINE OF FREE SUPPORTS AND SERVICES TO ENSURE THAT CHILDREN REACH THEIR POTENTIAL AT EACH STAGE OF THEIR DEVELOPMENT. IN ADDITION TO WORKING FOR YEARS WITH BOYS AND GIRLS, WE WORK TO STRENGTHEN THE FAMILIES AND COMMUNITY AROUND OUR CHILDREN. WE DO WHATEVER IT TAKES TO ADDRESS ALL THE BARRIERS TO OUR CHILDREN'S SUCCESS. IN ADDITION TO OUR PRIMARY FOCUS ON ACADEMICS, WE CONSIDER THE WHOLE CHILD: OFFERING CHILDREN EXPOSURE TO THE ARTS AND CULTURE, COMMUNITY SERVICE, REGULAR PHYSICAL EXERCISE, NUTRITION WORKSHOPS TO HELP DEVELOP LIFE-LONG HEALTHY HABITS. WE ALSO HELP THEM DEVELOP THEIR NON-COGNITIVE SKILLS, SUCH AS PERSISTENCE AND RESILIENCE, AS WELL AS ADDRESSING ANY SOCIAL AND EMOTIONAL NEEDS. TO HELP ENSURE OUR HIGH-SCHOOL STUDENTS REMAIN ENGAGED IN OUR PROGRAMS, WE OFFER THEM THE OPPORTUNITY TO EARN STIPENDS. THE STIPENDS RELIEVE SOME OF THE FINANCIAL STRESS ON CHILDREN AND THEIR FAMILIES, SO CHILDREN DO NOT NEED TO CHOOSE BETWEEN ENRICHING ACTIVITIES AND TAKING ON A PART-TIME JOB. THE STIPENDS ARE DESIGNED TO BE A PRE-EMPLOYMENT MODEL SO THAT STUDENTS BEGIN TO LEARN THE WORKPLACE STANDARD OF GETTING REWARDS FOR HARD WORK. THE STIPEND AMOUNTS ARE BASED ON PARTICIPATION AND DISTRIBUTED TWICE A MONTH. THE SECOND PROGRAM ON SCHEDULE I IS DESIGNED TO REWARD AND HELP GRADUATING HIGH-SCHOOL SENIORS AS THEY MOVE ON TO COLLEGE. WE OFFER EACH SENIOR THE CHOICE OF A $1,000 SCHOLARSHIP OR A LAPTOP COMPUTER, WHICH IS A NECESSITY FOR TODAY'S COLLEGE STUDENT. THE INCENTIVE PAYMENTS ARE ONLY MADE IN THE FORM OF A LAPTOP OR A DIRECT SCHOLARSHIP PAYMENT MADE DIRECTLY TO THEIR COLLEGE ON THEIR BEHALF. AS NOTED, SOME OF THE GIFTS ARE NON-CASH PAYMENTS (IN THE FORM OF LAPTOPS); HOWEVER, FOR SCHEDULE I PURPOSES, BIFURCATING CASH VS. NON-CASH PAYMENTS IS ADMINISTRATIVELY DIFFICULT. HCZ ALSO OFFERS A LIMITED NUMBER OF OTHER SCHOLARSHIPS THROUGH DONATED FUNDS TO REDUCE POTENTIAL DEBT FOR OUR COLLEGE STUDENTS. THESE FUNDS ARE CRITICALLY IMPORTANT FOR OUR STUDENTS, MANY OF WHOM HAVE FEW - IF ANY - FUNDS OF THEIR OWN TO PAY FOR THEIR COLLEGE EXPENSES. X X X false true false false false false false true false Geoffrey Canada President 179622 0 270872 0 0 0 176125 0 20128 0 646747 0 120872 0 Mindy Miller VP of development 268105 0 130599 0 0 0 100190 0 15910 0 514804 0 80599 0 George Khaldun CAO 210270 0 118373 0 0 0 44490 0 20128 0 393261 0 93373 0 Anne Williams-Isom CEO 246584 0 55000 0 0 0 89490 0 6674 0 397748 0 0 0 Betina Jean Louis director of evaluation 137568 0 84403 0 0 0 61258 0 6674 0 289903 0 59403 0 Conrad Pinnock Senior Advisor 152908 0 49757 0 0 0 59001 0 6674 0 268340 0 24757 0 Martin Lipp Communication Director 130207 0 76403 0 0 0 35907 0 12942 0 255459 0 56403 0 Marlene Fox Senior Manager, healthy harlem 128814 0 67874 0 0 0 42683 0 20128 0 259499 0 42874 0 Kwame Owusu-Kesse COO 139440 0 25000 0 0 0 41551 0 6674 0 212665 0 0 0 James d Hutter Chief financial officer 148077 0 0 0 0 0 0 0 11869 0 159946 0 0 0 Tracey Costello chief procurement officer 156852 0 88933 0 0 0 44154 0 15041 0 304980 0 63933 0 Form 990, Schedule J, LIne 4(b) Harlem Children's Zone has a Section 457(f) plan that all members of senior management participate in. This Growth Fund Plan is a tax-deferred employee savings plan for directors, principals and senior staff. Harlem Children's Zone makes an annual deposit into the plan that is valued at 150% of the individual employee's bonus for the current year. The employee accumulates income on the investments in the No Margin Senior Growth Fund (which is managed by Duquesne Management); after five years, the employee receives a payout. For calendar year 2014, employees received a payout from the Growth Fund and those amounts have been recorded in Schedule J, column (b)(ii) and in column (f). Schedule J, Line 7 Harlem Children's Zone provides annual performance bonuses to its employees. The bonuses are determined and approved by the CEO, Anne Williams-Isom. Bonuses are approved in June and paid out in July (which is the following fiscal year); however, for 990 reporting purposes, the bonus is both approved and paid in the same calendar year (but different fiscal years); accordingly, the bonuses are reported as current compensation in column (b)(ii). Zachary Schreiber Board of Trustees 1540875 See Part V false zachary schreiber board of trustees 91914933 see Part V false Stanley Druckenmiller chairman of the board 60584337 see part V false Eric Mandelblatt Board of Trustees 94549141 See Part V false Eric Mandelblatt Board of Trustees 3102966 See Part V false Schedule L, Part IV Zachary Schreiber, Board of Trustees Member, co-manages a limited partnership investment in which the Harlem Children Zone invests. The value of the organization's investment in this limited partnership investment as of July 30, 2015 is approximately $92 million. Neither Mr. Schreiber nor the Fund charge the Harlem Children's Zone any management, advisory or supervisory fees for managing the organization's portfolio. Nevertheless, the value of these contributed services is $1,540,875. Stanley Druckenmiller, Chairman of the Board, runs a hedge fund in which the Harlem Children Zone invests. The value of the organization's investment in this hedge fund as of June 30, 2015 is $60.5 million. Neither Mr. Druckenmiller nor the Fund charge the Harlem Children's Zone any management, advisory or supervisory fees for managing the organization's portfolio. Eric Mandelblatt, Board of Trustees Member, runs a hedge fund in which the Harlem Children Zone invests. The value of the organization's investment in this hedge fund as of June 30, 2015 is $94.5 million. The Harlem Children's Zone paid management and performance fees totaling $3.1 million. X 14 2311333 FMV false true true Schedule M, Line 32a To the extent that the Harlem Children's Zone receives donations of securities it tasks its investment manager to dispose of those securities; all earnings therefrom are used to support the organization's charitable mission. Form 990, Part III, Line 4d OTHER PROGRAM SERVICE ACCOMPLISHMENTS HEAD START PROGRAM - AN EARLY CHILDHOOD EDUCATION PROGRAM THAT SERVES 57 THREE-TO-FOUR-YEAR-OLD CHILDREN, AND PREPARES THEM TO ENTER KINDERGARTEN READY TO LEARN. 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 THEIR OUT-OF-SCHOOL TIME. WE STRONGLY FEEL THAT THE STIPENDS ARE A VALUABLE INVESTMENT TO KEEP CHILDREN IN THE SAFE, ENGAGING ENVIRONMENT WE HAVE CREATED, WHERE THEY CAN GET ACADEMIC ASSISTANCE AND LEARN VALUABLE LIFE SKILLS. HCZ ALSO GIVES INCOMING COLLEGE FRESHMEN THE CHOICE OF A LAPTOP COMPUTER OR A $1,000 SCHOLARSHIP TO ENSURE THAT STUDENTS START COLLEGE IN A STRONG POSITION FOR SUCCESS. IN TODAY'S COLLEGIATE ENVIRONMENT, ACCESS TO A LAPTOP IS AS IMPORTANT AS HAVING A PEN OR PENCIL ONCE WAS, SO WE WANT TO ENSURE EACH OF OUR STUDENTS HAS ONE FOR WRITING AND RESEARCH. IF THEY ALREADY HAVE A LAPTOP COMPUTER, THE $1,000 SCHOLARSHIP - WHICH WE SEND DIRECTLY TO THE COLLEGE - IS ALSO A HUGE HELP FOR STUDENTS WHO WILL STRUGGLE TO MAKE ENDS MEET WHILE THEY ARE WORKING TOWARD THEIR DEGREE. Form 990, Part IV line 4 - LOBBYING DISCLOSURE The Harlem Children's Zone does not undertake any lobbying activities. President, Geoffrey Canada is a very prominent individual in the community and he may undertake advocacy efforts that have ancillary benefits to the Harlem Children's Zone. Mr. Canada's advocacy efforts, to the extent there are any, are undertaken at his own behest and are funded from his own personal finances; the Harlem Children's Zone does not subsidize those efforts. FORM 990, PART VI: Policies Line 11 - PROCESS USED TO REVIEW FORM 990 The Form 990 was prepared by a nationally renowned accounting firm in conjunction with the organization's finance department. A copy of the draft Form 990 was circulated to the Audit committee for discussion and comment. Each Audit committee Member was provided ample opportunity to comment on the information contained in the 990 prior to its filing with the Internal Revenue Service. The Audit committee will summarize its finding on the Form 990 to the full board of directors. Line 12 - ENFORCEMENT AND MONITORING OF CONFLICT OF INTEREST POLICY All employees are expected to use honesty, good judgement and high ethical standards in all professional dealings. All employees must avoid any actions that could create a conflict of interest or the appearance of such a conflict or reflect unfavorably on them or on harlem children's zone. An employee must disclose if she/he or an immediate family member has any potential conflict of interest such as a relationship to a third party vendor who seeks or has a business relationship to harlem children's zone. An employee's violation of this policy, especially a failure to represent accurately his or her connection or action on behalf of harlem children's zone and a third party will constitute grounds for disciplinary action, up to and including termination of employment. Line 15 - PROCESS FOR DETERMINING COMPENSATION The organization undertakes a thorough process to ensure that the executive compensation it pays to its top management official and all of its officers and key employees is reasonable given the market in which the organization operates. In relevant part, the Board of Directors has established a Compensation Committee of independent persons that have no personal interest in the proposed compensation agreement. The Compensation committee contracts with a compensation consultant to complete a market assessment and competitive position analysis for the organization's top executives. The compensation consultant utilizes comparability and benchmarking surveys to ensure that the organization compensates its executives commensurate with the market. The compensation committee will then set the compensation for the relevant executive and document the decision in board minutes. document the decision in board minutes. 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. Form 990, Part IX, line 9 Other changes to net assets recoveries of prior year grants - $295,272 Rheedlen 125th Street LLC 35 EAST 125TH STREET New York NY 10035 Hold property NY 0 0 Harlem Child HCZ Promise LLC 35 east 125th Street New York NY 10035 272392634 Hold Property NY 0 0 Harlem Child HCZ PROMISE ACADEMY CHARTER SCHOOL 35 EAST 125TH STREET NEW YORK NY 10035 760756768 EDUCATION NY 501(c)(3) 2 NA false HCZ PROMISE ACADEMY CHARTER SCHOOL II 35 EAST 125TH STREET NEW YORK NY 10035 342049530 EDUCATION NY 501(c)(3) 2 NA false true true false false false false false false false true false true false true true true true true true Schedule R, Related Party Transactions Pursuant to the terms of a commitment letter between Harlem Children's Zone (HCZ) and the Charter Schools, HCZ committed to provide the Schools, during the initial five year term of their charters, certain services at no costs. These services include financial management, social, library, technology, fundraising, public relations and teaching assistance services, In addition, HCZ is committed to providing the Schools with the use of space at its premises located at 35 East 125th Street, New York, New York. Both Charter Schools have renewed their commitment letters with Harlem Children's Zone for a five year period that runs through June 2019. In addition, the Harlem Children's Zone includes within its Section 457(f) plan, certain employees of both Charter Schools and provides the Charter Schools an annual subsidy to cover this cost.