2026-05-14T09:10:29-05:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 9TH FLOOR NEW YORK NY 100172013 990 2024-07-01 237112974 HARLEM CHILDREN'S ZONE INC HARL 2123603255 35 EAST 125TH STREET NEW YORK NY 10035 JOHN MACAPAGAL CONTROLLER 2123603255 2026-05-14 1 0 SCOTT THOMPSETT P00741490 2125990100 2024 2025-03-06 01:10:19Z KWAME OWUSU-KESSE 35 EAST 125TH STREET NEW YORK NY 10035 132090511 0 X WWW.HCZ.ORG X 1970 NY WE ENHANCE THE LIFE FOR CHILDREN AND FAMILIES IN SOME OF NYC'S MOST DEVASTATED NEIGHBORHOODS. 20 18 1611 0 72196 51392 93324113 70242939 0 120000 477819 1878757 4436379 4873100 98238311 77114796 10066172 14405255 0 0 67523265 73441184 0 0 2222141 56283381 60748843 133872818 148595282 -35634507 -71480486 1169419286 1325310079 185882820 199674460 983536466 1125635619 X SEE SCHEDULE O 0 0 57946880 3139664 0 SEE SCHEDULE OHCZ PROMISE ACADEMY CHARTER SCHOOLSAT PROMISE ACADEMY A TOP-PERFORMING K-12 CHARTER SCHOOL WITHIN HCZ'S CRADLE-TO-CAREER PATHWAY OF SERVICES WE PROMISE TO DO WHATEVER IT TAKES TO GET OUR SCHOLARS TO AND THROUGH COLLEGE. EVERYTHING WE DO FROM QUALITY INSTRUCTION TO EXCEPTIONAL EXTRACURRICULAR ACTIVITIES TO HEALTHY, HOME-COOKED MEALS IS DESIGNED TO KEEP THAT PROMISE.SINCE THE OPENING OF HCZ PROMISE ACADEMY I IN 2004 AND HCZ PROMISE ACADEMY II IN 2005, WE'VE MADE AN ENORMOUS IMPACT ON OUR YOUNG PEOPLE. WE'VE ENROLLED NEARLY 100% OF OUR SCHOLARS IN COLLEGE; WE'VE CLOSED THE BLACK-WHITE ACHIEVEMENT GAP; AND WE'VE HELPED OUR GRADUATES BUILD SUCCESSFUL CAREERS AND BECOME CONSCIENTIOUS CITIZENS.EDUCATION AND YOUTH PROGRAMSPEACEMAKERSPEACEMAKERS PARTNERS WITH HARLEM'S PUBLIC ELEMENTARY AND MIDDLE SCHOOLS TO HELP UNLOCK THAT POTENTIAL IN ALL STUDENTS.A CUT ABOVEA CUT ABOVE (ACA) IS AN AFTER-SCHOOL PROGRAM FOR SCHOLARS IN GRADES K-8 THAT CULTIVATES A CULTURE OF EXCELLENCE THROUGH PERSONAL AND SOCIAL DEVELOPMENT, ACADEMIC SUPPORT, HEALTH AND WELLNESS, STEM AND ARTS ENRICHMENTS, AND COMMUNITY SERVICE.ACADEMY OF ARTS AND CIVIC ENGAGEMENTACADEMY OF ARTS AND CIVIC ENGAGEMENT (ACE) IS AN AFTER-SCHOOL PROGRAM FOR HIGH SCHOOL SCHOLARS THAT PREPARES THEM FOR CAREERS IN THE ARTS. SCHOLARS GAIN CAREER-READY SKILLS, REAL-WORLD EXPERIENCE, AND A NETWORK OF PROFESSIONAL CONTACTS. EMPLOYMENT AND TECHNOLOGY CENTER EMPLOYMENT AND TECHNOLOGY CENTER (ETC) IS AN AFTER-SCHOOL PROGRAM FOR HIGH SCHOOL SCHOLARS THAT PREPARES THEM FOR CAREERS IN STEM AND TECHNICAL ARTS AREAS. SCHOLARS GAIN CAREER-READY SKILLS, REAL-WORLD EXPERIENCE, AND A NETWORK OF PROFESSIONAL CONTACTS.COUNTEE CULLEN COMMUNITY CENTER COUNTEE CULLEN COMMUNITY CENTER (CCCC) IS AN AFTER-SCHOOL PROGRAM FOR HIGH SCHOOL SCHOLARS THAT PREPARES THEM FOR CAREERS IN BROADCASTING AND MEDIA ARTS. SCHOLARS GAIN CAREER-READY SKILLS, REAL-WORLD EXPERIENCE, AND A NETWORK OF PROFESSIONAL CONTACTS. 14966966 5159934 0 SEE SCHEDULE OCOLLEGE AND CAREER PROGRAMSCOLLEGE SUCCESS OFFICEOUR SCHOLARS MAY LEAVE THE ZONE TO GO TO COLLEGE, BUT THE ZONE NEVER LEAVES THEM. COLLEGE SUCCESS OFFICE (CSO) EMPOWERS OUR SCHOLARS TO SUCCEED IN COLLEGE AND EARN THEIR DEGREES SO THEY CAN EMBARK ON FRUITFUL CAREERS AND PAVE THE PATH TO SOCIAL AND ECONOMIC MOBILITY.WHEN SCHOLARS GET INTO COLLEGE, THEY GET THE HELP THEY NEED TO PERSIST THROUGH THEIR POST-SECONDARY JOURNEY. OUR COLLEGE SUCCESS OFFICE SERVICES INCLUDE: -ONE-ON-ONE COACHING -ACADEMIC, EMOTIONAL, AND FINANCIAL SUPPORT -CHECK INS WITH SCHOLARS TO ENSURE THEY'RE PROGRESSING ALONG THEIR COLLEGE JOURNEY -VISITS FROM CSO STAFF TO HELP SCHOLARS ESTABLISH AND MAINTAIN RELATIONSHIPS WITH CAMPUS AND COMMUNITY LIAISONS OVER 1,000 SCHOLARS CURRENTLY ENROLLED IN COLLEGE AND OVER 1900 HAVE GRADUATED FROM COLLEGE IN THE LAST TEN YEARS. 11164493 234385 0 SEE SCHEDULE O EARLY CHILDHOODTHE BABY COLLEGETHE BABY COLLEGE PROMOTES THE HEALTH AND SUCCESS OF NEWBORNS AND TODDLERS THROUGH A NINE-WEEK WORKSHOP SUPPORTING NEW AND EXPECTANT PARENTS AND CAREGIVERS THROUGH THE INS AND OUTS OF EARLY CHILDHOOD DEVELOPMENT.THE BABY COLLEGE G.R.A.D.S. EARLY HEAD STARTTHE BABY COLLEGE G.R.A.D.S. (GUARDIANS RESPONDING AND DEVELOPING STRATEGIES) EARLY HEAD START IS A YEAR-ROUND, HOME-VISITING PROGRAM THAT EMPOWERS EXPECTANT MOTHERS TO DEEPEN THEIR UNDERSTANDING OF EARLY CHILDHOOD DEVELOPMENT AND STRENGTHEN PARENT-CHILD RELATIONSHIPS.THE THREE-YEAR-OLD JOURNEYTHE THREE-YEAR-OLD JOURNEY PROVIDES LOTTERY WINNERS OF HCZ'S PROMISE ACADEMY CHARTER SCHOOLS WITH THE OPPORTUNITY TO CONTINUE TO LEARN, GROW, AND NURTURE FRIENDSHIPS IN THE LEAD UP TO THEIR ADMISSION TO PROMISE ACADEMY.HARLEM GEMSHARLEM GEMS PRESCHOOLS EMPOWER OUR YOUNGEST SCHOLARS TO SUCCEED IN K-12 AND BEYOND BY BUILDING A STRONG ACADEMIC FOUNDATION AND STARTING THEM ON THE PATH TO COLLEGE AND CAREER. 35732575 5871272 120000 HEALTHY AND COMMUNITY PROGRAMSCENTRAL HARLEM IS ENRICHED WITH COMMUNITY MEMBERS STEEPED IN RICH, UNIQUE, AND PROUD HISTORY. WE ARE AT OUR BEST WHEN THE PEOPLE OF HARLEM HAVE ECONOMIC OPPORTUNITY AND ACCESS TO THE TOOLS AND SYSTEMS THAT SUPPORT THEIR WELLBEING IN EVERY SENSE.TO BUILD UP OPPORTUNITIES AND ACCESS FOR OUR COMMUNITY, WE HAVE CREATED A BROAD OFFERING OF PROGRAMS AND SERVICES THAT CREATE PATHWAYS TO SELF-SUFFICIENCY, PERSONAL GROWTH, AND PHYSICAL, MENTAL, AND EMOTIONAL HEALTH. WE ALSO LOOK FOR EVERY OPPORTUNITY TO STRENGTHEN THE FOUNDATIONS OF OUR NEIGHBORHOODS. TO US, THIS MEANS CREATING OPPORTUNITIES FOR COMMUNITY MEMBERS TO COME TOGETHER, LEARN FROM AND WITH EACH OTHER, SOCIALIZE AND HAVE FUN, AND SUPPORT THE BROADER COMMUNITY. THE FOLLOWING COMMUNITY PROGRAMS ARE AVAILABLY TO OUR STUDENTS: COMMUNITY PRIDECOMMUNITY PRIDE IS A PROGRAM OF GRASSROOTS, BOOTS-ON-THE-GROUND CONNECTORS, COMMUNITY BUILDERS, AND PROBLEM SOLVERS DEVOTED TO EMPOWERING INDIVIDUALS AND THE COMMUNITY-AT-LARGE.HEALTHY HARLEMHEALTHY HARLEM IS EMPOWERING A CULTURE OF HEALTH IN CENTRAL HARLEM BY HELPING THOUSANDS OF CHILDREN AND FAMILIES LEARN HOW TO TAKE BETTER CARE OF THEMSELVES, MAKE THOUGHTFUL CHOICES, AND ESTABLISH LIFELONG HEALTHY HABITS.THE HCZ ARMORYTHE HCZ ARMORY IS A MULTI-PURPOSE, COMMUNITY WELLNESS CENTER COMMITTED TO EMPOWERING A CULTURE OF HEALTH AND WELLNESS IN CENTRAL HARLEM.NATIONAL LEADERSHIP PROGRAMSPRACTITIONERS INSTITUTEPRACTITIONERS INSTITUTE HELPS ORGANIZATIONS ACROSS THE U.S. AND THE WORLD IMPLEMENT COMPREHENSIVE, PLACE-BASED SOLUTIONS DEVELOPED AT HARLEM CHILDREN'S ZONE IN THEIR COMMUNITIES. HEALTHY WAYS REPLICATIONINSPIRED BY HEALTHY HARLEM, HEALTHY WAYS IS A NATIONAL PROGRAM THAT CHAMPIONS HEALTHY HABITS AND LIFESTYLES FOR CHILDREN AND FAMILIES BY PROVIDING ENGAGING PROGRAMS FOCUSED ON NUTRITION AND PHYSICAL ACTIVITY.WEALTH BUILDSWEALTH BUILDS SEEKS TO CLOSE THE RACIAL WEALTH GAP AND OPENS PATHWAYS TO SOCIAL AND ECONOMIC MOBILITY BY EMPOWERING OUR SCHOLARS WITH THE EDUCATION AND RESOURCES TO BUILD SUCCESSFUL FINANCIAL FUTURES.WILLIAM JULIUS WILSON INSTITUTE WILLIAM JULIUS WILSON INSTITUTE IS A NATIONAL RESOURCE FOR PLACE-BASED, PEOPLE-FOCUSED SOLUTIONS THAT OPEN PATHWAYS TO SOCIAL AND ECONOMIC MOBILITY. 35732575 5871272 120000 119810914 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 298 0 1 1611 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 20 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X JOHN MACAPAGAL 2123603255 35 EAST 125TH STREET NEW YORK NY 10035 KWAME OWUSU-KESSE CEO 40.00 4.00 X X 1028455 0 247967 GEOFFREY CANADA PRESIDENT 40.00 4.00 X X 815948 0 52967 STANLEY F DRUCKENMILLER CHAIRMAN EMERITUS 1.00 4.00 X X 0 0 0 KEITH MEISTER CHAIRMAN 1.00 4.00 X X 0 0 0 STEPHANIE COLEMAN VICE CHAIR 1.00 0.00 X X 0 0 0 MITCH KURZ TREASURER 1.00 4.00 X X 0 0 0 MATTHEW C BLANK SECRETARY 1.00 0.00 X X 0 0 0 DOUG BUCKMINSTER BOARD MEMBER 1.00 0.00 X 0 0 0 ALEXANDER Z COHEN BOARD MEMBER 1.00 0.00 X 0 0 0 DON K CORNWELL BOARD MEMBER 1.00 0.00 X 0 0 0 ANITA ELBERSE BOARD MEMBER 1.00 0.00 X 0 0 0 WILLIAM HEARD BOARD MEMBER (AS OF 02/25) 1.00 0.00 X 0 0 0 BRIAN HIGGINS BOARD MEMBER 1.00 0.00 X 0 0 0 MARK KINGDON BOARD MEMBER 1.00 0.00 X 0 0 0 PHILIPPE LAFFONT BOARD MEMBER 1.00 0.00 X 0 0 0 KENNETH G LANGONE BOARD MEMBER 1.00 4.00 X 0 0 0 ERIC W MANDELBLATT BOARD MEMBER (THRU 07/02/24) 1.00 0.00 X 0 0 0 BENITA MELTON BOARD MEMBER 1.00 0.00 X 0 0 0 ZACHARY J SCHREIBER BOARD MEMBER 1.00 0.00 X 0 0 0 ASHOK VARADHAN BOARD MEMBER 1.00 0.00 X 0 0 0 RICHARD WITTEN BOARD MEMBER 1.00 0.00 X 0 0 0 RALPH STEFANO CFO 2.00 42.00 X 356899 0 0 JAZMINE LEWIS CHIEF STRATEGY OFFICER 40.00 0.00 X 437634 0 190782 CHRISTIAN RHODES DEPUTY EXECUTIVE DIRECTOR 40.00 0.00 X 353111 0 93038 JENNIFER KLEIN CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 393295 0 121929 STEPHANIE C LILAVOIS CHIEF COMMUNICATIONS OFFICER 40.00 0.00 X 314340 0 88768 MICHAEL POHLY CHIEF INVESTMENT OFFICER 40.00 0.00 X 396583 0 52967 JUSTIN MAKER FORMER SR. MANAGING DIR, HR 40.00 0.00 X 604650 0 69362 TIFFANY FOUNTAIN SENIOR ADVISOR 40.00 0.00 X 266587 0 59497 MICHELLE A FIELD CHIEF PROGRAM OFFICER 40.00 0.00 X 328070 0 27786 SERINA MOYA THRU 0824 MGN DIRECTOR, HCZ K-12 AFTERSCHOOL 40.00 0.00 X 448485 0 26250 JOSEPH CORDERO THRU 0724 MANAGING DIRECTOR, PLACE 40.00 0.00 X 523068 0 32959 REBECCA NAVARRO MGN DIRECTOR, EARLY CHILDHOOD 40.00 0.00 X 273591 0 76729 6540716 0 1141001 82 0 1 0 MCKINSEY & COMPANY INC 9 CANAL STREET WESPORT CT 06880 STRATEGIC BUSINESS PLANNING 2450000 THE BRIDGESPAN GROUP 2 COPLEY PLACE SUITE 37008 BOSTON MA 02116 STRATEGIC CONSULTING SERVICES 1709055 SKDKNICKERBOCKER LLC ONE WORLD TRADE CENTER 69TH FLOOR NEW YORK NY 10007 COMMUNICATIONS 529508 SKADDEN ARPS SLATE MEAGHER & FLOM LLP PO BOX 1764 WHITE PLAINS NY 10602 LEGAL SERVICES 483440 IDLEWILD PARTNERS INC 249 SMITH STREET 201 BROOKLYN NY 11231 IT CONSULTING SERVICES 458038 33 8407220 4092725 57742994 202376 70242939 WELLNESS WORKSHOPS 900099 120000 120000 120000 72196 72196 4486746 0 4486746 4486746 4486746 56388511 54581950 1806561 1806561 1806561 366000 8407220 393765 -27765 -27765 GAIN ON LEASE TERMINAT 900099 254135 254135 159984 159984 414119 77114796 120000 72196 6679661 5788206 5788206 8617049 8617049 4001196 3388398 506312 106486 56287145 47666560 7122590 1497995 2541570 2143142 320240 78188 5487091 4629570 691775 165746 5124182 4355022 650751 118409 510385 510385 255906 255906 122200 122200 9463097 9463097 11807402 10732028 1073495 1879 470297 23515 446782 166145 155619 8190 2336 3547326 2648719 836438 62169 16607888 14915920 1657324 34644 2748683 2691785 55079 1819 3011047 2047512 963535 1022223 1022223 PRINTING, PUBLICATIONS 3678866 3442297 219721 16848 FOOD 2542351 2462236 76152 3963 EQUIPMENT RENT & MAINT. 1497354 1302698 194656 UTILITIES 890713 647320 239420 3973 2406960 2031118 248156 127686 148595282 119810914 26562227 2222141 166357 194295 69712286 56006311 32938605 9995269 1081232 752509 3705929 4856697 203326627 69706172 122114384 133620455 18415575 3799390 836734542 1016072175 84550376 100012978 1169419286 1325310079 14202625 17836161 54959372 53127393 116720823 128710906 185882820 199674460 X 903489679 1046226645 80046787 79408974 983536466 1125635619 1169419286 1325310079 X -71480486 210395769 3183870 X 0 1 X 1 1 1 X 170129289 132954468 98304023 93324113 70242939 564954832 170129289 132954468 98304023 93324113 70242939 564954832 153770630 411184202 2044800 2106144 3569504 5495260 4486746 17702454 120929 126806 277875 668310 780119 1974039 584631325 0.70330 0.67850 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 120,929. 2021 AMOUNT: $ 44,441. 2022 AMOUNT: $ 109,830. 2023 AMOUNT: $ 244,360. 2024 AMOUNT: $ 159,984. SPECIAL EVENTS GROSS INCOME - 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 82,365. 2022 AMOUNT: $ 168,045. 2023 AMOUNT: $ 423,950. 2024 AMOUNT: $ 366,000. GAIN ON LEASE TERMINATION - 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ 254,135. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 212784 212784 0 PART II-B, LINE 1: THE HARLEM CHILDREN'S ZONE ENGAGED THE SERVICES OF A LOBBYING FIRM RELATED TO THE PASSAGE OF THE ENOUGH ACT IN MARYLAND. THE ENOUGH ACT USES PLACE-BASED INTERVENTIONS IN COMMUNITIES WITH DISPROPORTIONATELY HIGH NUMBERS OF CHILDREN LIVING IN POVERTY (RURAL, SUBURBAN AND URBAN) - A CAUSE THAT ALIGNS WITH HARLEM CHILDREN'S ZONE PRINCIPAL EXEMPT PURPOSE. IN ADDITION, CERTAIN HARLEM CHILDREN ZONE EMPLOYEES SPENT A PORTION OF THEIR TIME ON LOBBYING ACTIVITIES; THE ORGANIZATION HAS IDENTIFIED $90,584 IN ALLOCABLE SALARY COSTS THAT IT IS REPORTING IN SCHEDULE C, PART II-B, LINE 1(I) (ALONG WITH THE $122,200 PAID TO THE CONSULTING FIRM). 854401195 127370808 981772003 713607572 8090526 132703097 854401195 674989402 25063938 13712517 158285 713607572 722588827 9046282 -56471453 174254 674989402 479261830 6205140 237121857 722588827 0.98233 0.01767 0.00000 0 0 14156007 14156007 142777809 48080377 94697432 17842958 12452785 5390173 8376808 6399414 1977394 20173045 2773596 17399449 133620455 ALTERNATIVE INVESTMENTS 992311424 F ALT. INVESTMENT REDEMPTION 23760751 F 1016072175 RIGHT OF USE ASSETS - OPERATING LEASE 88502125 DUE FROM RELATED PARTY - DEFERRED COMPENSATION PLANS 1664183 RIGHT OF USE ASSETS - FINANCING LEASE 9846670 100012978 DEFERRED COMPENSATION PAYABLE 6187384 DUE TO RELATED PARTY 4770326 REFUNDABLE ADVANCES 16992381 OPERATING RIGHT-OF-USE LEASE LIABILITY 20113376 FINANCING RIGHT-OF-USE LEASE LIABILITY 80647439 128710906 X 282333165 210395769 1101827 3183870 214681466 67651699 9463097 9463097 77114796 140234012 1101827 1101827 139132185 9463097 9463097 148595282 PART X, LINE 2: 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 IRC. THE ORGANIZATION 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 WAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. IN ADDITION, THE ORGANIZATION HAS NOT RECORDED A PROVISION FOR INCOME TAXES AS IT HAS NO MATERIAL TAX LIABILITY FROM UNRELATED BUSINESS INCOME ACTIVITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: BOOK TO TAX DIFFERENCES 3,183,870. 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. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 788251822 0 0 0 0 0 0 788251822 0 788251822 1 0 1 1 1 0 FORM 990, SCHEDULE F HARLEM CHILDREN'S ZONE INVESTS DIRECTLY IN A VARIETY OF ALTERNATIVE INVESTMENTS. THESE ALTERNATIVE INVESTMENTS ARE EITHER DOMICILED IN THE UNITED STATES AS LIMITED PARTNERSHIPS OR IN FOREIGN JURISDICTIONS AS CORPORATIONS OR PARTNERSHIPS. BY VIRTUE OF ITS OWNERSHIP IN THESE INVESTMENTS, HARLEM CHILDREN'S ZONE MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. TO THE EXTENT THAT 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. AWARD DINNER 8773220 8407220 366000 207784 0 71666 114315 8773220 8407220 366000 207784 71666 114315 393765 -27765 1 HARLEM CHILDREN'S ZONE PROMISE ACADEMY I 245 WEST 129TH STREET NEW YORK NY 10027 760756768 501(C)(3) 2310446 0 SUPPORT FOR ACADEMY'S EDUCATIONAL CURRICULUM HARLEM CHILDREN'S ZONE PROMISE ACADEMY II 35 EAST 125TH STREET NEW YORK NY 10035 342049530 501(C)(3) 1560260 0 SUPPORT FOR ACADEMY'S EDUCATIONAL CURRICULUM EAST LAKE FOUNDATION INC 2606 ALSTON DRIVE ATLANTA GA 30317 582204306 501(C)(3) 950000 0 SUPPORT PROGRAMMATIC IMPLEMENTATION AT THEIR LOCAL SITES. NORTHSIDE ACHIEVEMENT ZONE 1964 N 2ND STREET MINNEAPOLIS MN 55411 300238807 501(C)(3) 950000 0 SUPPORT PROGRAMMATIC IMPLEMENTATION AT THEIR LOCAL SITES. OAKLAND PROMISE 484 9TH STREET OAKLAND CA 94607 542103707 501(C)(3) 17500 0 SUPPORT PROGRAMMATIC IMPLEMENTATION AT THEIR LOCAL SITES. 5 0 EDUCATIONAL STIPENDS 1867 2412620 SCHOLARSHIPS 1895 3768120 WEALTH BUILDS COLLEGE SAVINGS ACCOUNTS 2874 1400130 SPECIAL CLIENT SERVICES 1473 694753 INCENTIVES 1885 341426 PART I, LINE 2: DURING THE TAX YEAR, THE ORGANIZATION PROVIDED INITIAL FUNDING TOTALING $950,000 TO EAST LAKE FOUNDATION AND NORTHSIDE ACHIEVEMENT ZONE, BOTH WEALTH BUILDS NATIONAL PARTNERS, TO SUPPORT PROGRAMMATIC IMPLEMENTATION AT THEIR LOCAL SITES. THIS FUNDING WAS GOVERNED BY A DULY EXECUTED MEMORANDUM OF UNDERSTANDING (MOU) THAT OUTLINES PARTNERSHIP TERMS, REPORTING REQUIREMENTS, AND ONGOING ENGAGEMENT. THE GRANTS SUPPORTED THE ESTABLISHMENT OF WEALTH BUILDS COLLEGE SAVINGS ACCOUNT PROGRAMS, COVERED DEDICATED PROGRAM PERSONNEL, AND PROVIDED START-UP CAPACITY DOLLARS. THE ORGANIZATION MAINTAINS CLOSE, ONGOING ENGAGEMENT WITH THESE PARTNERS AND REQUIRES REGULAR REPORTING TO MONITOR PROGRAM PROGRESS AND COMPLIANCE WITH GRANT TERMS. OAKLAND PROMISE, ALSO A WEALTH BUILDS NATIONAL PARTNER, IS EXPECTED TO RECEIVE SIMILAR GRANT SUPPORT IN THE NEAR FUTURE. ADDITIONAL DETAILS REGARDING THE OAKLAND PROMISE GRANT ARE BEING COLLECTED TO ENSURE CONSISTENT MONITORING AND REPORTING PROCEDURES. THE ORGANIZATION'S GRANT MONITORING PROCESS INCLUDES REVIEW OF PARTNER REPORTS, REGULAR COMMUNICATION WITH GRANTEE PERSONNEL, AND VERIFICATION THAT FUNDS ARE USED IN ACCORDANCE WITH PROGRAM OBJECTIVES. SCHEDULE I, PART III: CHILDREN AND FAMILIES IN CENTRAL HARLEM FACE SIGNIFICANT BARRIERS TO LONG-TERM SUCCESS, INCLUDING UNDERPERFORMING SCHOOLS, LIMITED ACCESS TO HEALTH CARE, ECONOMIC HARDSHIP, AND COMMUNITY VIOLENCE. IN RESPONSE, HARLEM CHILDREN'S ZONE (HCZ) OPERATES A FREE, COMPREHENSIVE, CRADLE-TO-CAREER PIPELINE OF PROGRAMS THAT SUPPORTS CHILDREN'S ACADEMIC ACHIEVEMENT, SOCIAL-EMOTIONAL DEVELOPMENT, AND OVERALL WELL-BEING. HCZ WORKS WITH CHILDREN THROUGHOUT THEIR FORMATIVE YEARS WHILE ALSO STRENGTHENING FAMILIES AND THE SURROUNDING COMMUNITY. PROGRAMS COMBINE ACADEMIC SUPPORT WITH ENRICHMENT ACTIVITIES SUCH AS PHYSICAL ACTIVITY, NUTRITION EDUCATION, ARTS AND CULTURAL EXPOSURE, AND SKILL-BUILDING FOCUSED ON PERSISTENCE AND RESILIENCE. ELIGIBLE HIGH SCHOOL STUDENTS MAY EARN PARTICIPATION-BASED STIPENDS STRUCTURED AS A PRE-EMPLOYMENT MODEL THAT REINFORCES EFFORT AND RESPONSIBILITY WHILE HELPING ALLEVIATE SHORT-TERM FINANCIAL PRESSURES. TO FURTHER REDUCE BARRIERS TO PARTICIPATION AND EDUCATIONAL SUCCESS, HCZ PROVIDES DIRECT ASSISTANCE TO SCHOLARS AND FAMILIES BASED ON PROGRAM INVOLVEMENT AND INDIVIDUAL NEED. SUPPORT MAY INCLUDE STUDENT-RELATED EXPENSES SUCH AS HOUSING OR RENT ASSISTANCE, BOOKSTORE PURCHASES, DEGREE VERIFICATION, SUPPLEMENTAL TUITION SUPPORT, AND PARTICIPATION IN PRE-COLLEGE AND SUMMER PROGRAMS. FAMILIES WITH YOUNG CHILDREN MAY RECEIVE ESSENTIAL SUPPLIES, INCLUDING DIAPERS, CRIBS, MATTRESSES, STROLLERS, CAR SEATS, CLOTHING, AND SAFETY-RELATED ITEMS. AS PART OF ITS FOCUS ON LONG-TERM ECONOMIC MOBILITY, HCZ ESTABLISHED THE WEALTH BUILDS COLLEGE SAVINGS ACCOUNTS (CSAS) PROGRAM TO HELP SCHOLARS PREPARE FINANCIALLY FOR HIGHER EDUCATION. EACH ACCOUNT IS OPENED WITH AN INITIAL $500 CONTRIBUTION FROM HCZ, WITH OPPORTUNITIES FOR ADDITIONAL CONTRIBUTIONS AND INVESTMENT GROWTH. FUNDS MAY BE USED FOR COLLEGE TUITION AND RELATED EDUCATIONAL EXPENSES UPON HIGH SCHOOL GRADUATION. WEALTH BUILDS CSAS ARE PROVIDED TO BABY COLLEGE GRADUATES, HARLEM GEMS PRESCHOOL SCHOLARS, AND PROMISE ACADEMY SCHOLARS IN KINDERGARTEN THROUGH GRADE EIGHT. HCZ ALSO SUPPORTS SCHOLARS AND FAMILIES THROUGH PROGRAM AND COMMUNITY EVENTS DESIGNED TO PROMOTE ENGAGEMENT AND WELL-BEING, SUCH AS PROMS, FIELD DAYS, FAMILY DAYS, AND HEALTH FAIRS, ALONG WITH NECESSARY SUPPLIES AND MATERIALS. AS NEEDED, HCZ PROVIDES CLOTHING, FOOTWEAR, AND PERSONAL CARE ITEMS TO HELP ENSURE CONSISTENT PARTICIPATION IN ITS PROGRAMS. GRADUATING HIGH SCHOOL SENIORS AND COLLEGE-BOUND STUDENTS MAY ALSO RECEIVE DIRECT ASSISTANCE, INCLUDING LAPTOPS, EDUCATIONAL SUPPLIES, AND SCHOLARSHIPS FUNDED THROUGH DONATED RESOURCES TO HELP REDUCE COLLEGE-RELATED DEBT. ADDITIONAL HARDSHIP ASSISTANCE AND INCENTIVES ARE AVAILABLE TO FAMILIES EXPERIENCING SHORT-TERM CRISES TO SUPPORT CONTINUED ACADEMIC ENGAGEMENT. X X X 1 1 0 0 0 0 0 1 0 KWAME OWUSU-KESSE CEO 767509 0 260946 0 0 0 204900 0 43067 0 1276422 0 110946 0 GEOFFREY CANADA PRESIDENT 513448 0 302500 0 0 0 9900 0 43067 0 868915 0 0 0 JUSTIN MAKER FORMER SR. MANAGING DIR, HR 34721 0 442485 0 127444 0 63750 0 5612 0 674012 0 442485 0 JAZMINE LEWIS CHIEF STRATEGY OFFICER 308293 0 129341 0 0 0 159900 0 30882 0 628416 0 69341 0 JOSEPH CORDERO THRU 0724 MANAGING DIRECTOR, PLACE 132853 0 341753 0 48462 0 6699 0 26260 0 556027 0 341753 0 JENNIFER KLEIN CHIEF DEVELOPMENT OFFICER 315871 0 77424 0 0 0 84900 0 37029 0 515224 0 17424 0 SERINA MOYA THRU 0824 MGN DIRECTOR, HCZ K-12 AFTERSCHOOL 147236 0 235239 0 66010 0 26250 0 0 0 474735 0 235239 0 MICHAEL POHLY CHIEF INVESTMENT OFFICER 171583 0 225000 0 0 0 9900 0 43067 0 449550 0 0 0 CHRISTIAN RHODES DEPUTY EXECUTIVE DIRECTOR 305611 0 47500 0 0 0 49971 0 43067 0 446149 0 0 0 STEPHANIE C LILAVOIS CHIEF COMMUNICATIONS OFFICER 241916 0 72424 0 0 0 76495 0 12273 0 403108 0 17424 0 RALPH STEFANO CFO 356899 0 0 0 0 0 0 0 0 0 356899 0 0 0 MICHELLE A FIELD CHIEF PROGRAM OFFICER 298070 0 30000 0 0 0 0 0 27786 0 355856 0 0 0 REBECCA NAVARRO MGN DIRECTOR, EARLY CHILDHOOD 251091 0 22500 0 0 0 39700 0 37029 0 350320 0 0 0 TIFFANY FOUNTAIN SENIOR ADVISOR 160878 0 105709 0 0 0 39140 0 20357 0 326084 0 83209 0 PART I, LINES 4A-B FORM 990, SCHEDULE J, LINE 4(A): FORMER SR. MANAGING DIRECTOR, HR, JUSTIN MAKER'S CALENDAR YEAR END 2024 COMPENSATION IS COMPRISED OF SEVERAL DIFFERENT COMPONENTS: - A SEVERANCE PAYMENT IN THE AMOUNT OF $127,444. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). - PAYOUT OF HIS ACCUMULATED GROWTH FUND IN THE AMOUNT OF $442,485. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II). MANAGING DIRECTOR, JOSEPH CORDERO'S CALENDAR YEAR END 2024 COMPENSATION IS COMPRISED OF SEVERAL DIFFERENT COMPONENTS: - A SEVERANCE PAYMENT IN THE AMOUNT OF $48,462. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). - PAYOUT OF HIS ACCUMULATED GROWTH FUND IN THE AMOUNT OF $341,753. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II). MANAGING DIRECTOR, HCZ K-12 AFTERSCHOOL, SERINA MOYA'S CALENDAR YEAR END 2024 COMPENSATION IS COMPRISED OF SEVERAL DIFFERENT COMPONENTS: - A SEVERANCE PAYMENT IN THE AMOUNT OF $66,010. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). - PAYOUT OF HIS ACCUMULATED GROWTH FUND IN THE AMOUNT OF $235,239. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II). FORM 990, SCHEDULE J, LINE 4(B) HARLEM CHILDREN'S ZONE HAS A SECTION 457(F) PLAN FOR CERTAIN ELIGIBLE EMPLOYEES. THIS GROWTH FUND PLAN ("THE PLAN") IS A TAX-DEFERRED EMPLOYEE SAVINGS PLAN THAT AIMS TO SERVE AS A RETENTION TOOL FOR DIRECTORS, OFFICERS, 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'S ACCOUNT ACCUMULATES ASSOCIATED EARNINGS OR LOSSES ON THE INVESTMENT OF THE CONTRIBUTED AMOUNT IN THE NO MARGIN SENIOR GROWTH FUND, WHICH IS MANAGED BY DUQUESNE FAMILY OFFICE, AT NO COST TO HARLEM CHILDREN'S ZONE OR THE EMPLOYEE. THE AMOUNTS CONTRIBUTED BY HARLEM CHILDREN'S ZONE, ALONG WITH THE ASSOCIATED EARNINGS OR LOSSES, VEST AFTER FIVE YEARS FROM THE DATE OF THE INITIAL CONTRIBUTION AND WILL BE PAID TO ELIGIBLE EMPLOYEES WHEN VESTED. TERMINATED EMPLOYEES BECOME VESTED IMMEDIATELY AT THE DATE OF THEIR TERMINATION. EMPLOYEES WHO MEET THE AGE AND SERVICE PROVISIONS OF THE PLAN (AGE VESTING) ARE VESTED IMMEDIATELY UPON MEETING THOSE PROVISIONS. HOWEVER, IF A PARTICIPATING EMPLOYEE LEAVES VOLUNTARILY, INCLUDING RETIREMENT IF THEY HAVE NOT REACHED THE AGE VESTING PROVISIONS, THEN THEIR CUMULATIVE UNVESTED CONTRIBUTION MADE BY HCZ AND ASSOCIATED EARNINGS OR LOSSES ARE FORFEITED. FOR CALENDAR YEAR 2024, EMPLOYEES RECEIVED A PAYOUT OF DEFERRED COMPENSATION FROM THE PLAN AND THOSE AMOUNTS HAVE BEEN RECORDED IN SCHEDULE J, PART II, COLUMN (B)(II) AND, BECAUSE THAT PAYOUT REPRESENTS COMPENSATION THAT WAS REPORTED ON PREVIOUS FORMS 990 AS DEFERRED COMPENSATION IN SCHEDULE J, PART II, COLUMN (C), IT IS RECORDED IN SCHEDULE J, PART II, COLUMN (F). GEOFFREY CANADA, AN OFFICER OF HCZ, MET THE AGE AND SERVICE PROVISIONS OF THE 457 (F) PLAN (AGE VESTING) FOR CALENDAR YEAR 2024 THAT RESULTED IN IMMEDIATE VESTING OF HCZ'S GROWTH FUND CONTRIBUTION. THIS AMOUNT IS INCLUDED IN FORM 990, SCHEDULE J, COLUMN B (II). PART I, LINE 7 HARLEM CHILDREN'S ZONE PROVIDES ANNUAL PERFORMANCE BONUSES TO ITS EMPLOYEES. THE BONUSES ARE DETERMINED AND APPROVED BY THE CEO, KWAME OWUSU-KESSE. 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). KWAME OWUSU-KESSE AND GEOFFREY CANADA RECEIVED BONUS COMPENSATION DURING THE YEAR PURSUANT TO AN INCENTIVE PROGRAM APPROVED BY THE BOARD OF TRUSTEES. THE BONUS WAS BASED ON THE ACHIEVEMENT OF PRE ESTABLISHED, OBJECTIVE PERFORMANCE GOALS ALIGNED WITH HARLEM CHILDREN ZONE'S STRATEGIC PRIORITIES, INCLUDING FINANCIAL STEWARDSHIP, OPERATIONAL EFFECTIVENESS, AND ADVANCEMENT OF THE ORGANIZATION'S MISSION. THE BOARD REVIEWED THEIR PERFORMANCE AGAINST THESE CRITERIA AND DETERMINED THAT THE BONUS WAS REASONABLE AND APPROPRIATE IN LIGHT OF THE RESULTS ACHIEVED AND COMPARABLE COMPENSATION PRACTICES AT PEER INSTITUTIONS. CHIEF INVESTMENT OFFICER MICHAEL POHLY RECEIVED A PERFORMANCE BASED BONUS OF $225,000 DURING CALENDAR YEAR 2024. THE BONUS WAS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS BASED ON OBJECTIVE, PRE ESTABLISHED PERFORMANCE CRITERIA TIED TO THE MANAGEMENT, OVERSIGHT, AND PERFORMANCE OF THE FUND'S INVESTMENT PORTFOLIO AND WAS INTENDED TO REWARD ACHIEVEMENT OF INVESTMENT RELATED GOALS CONSISTENT WITH THE FUND'S LONG TERM OBJECTIVES. ZACHARY SCHREIBER BOARD OF TRUSTEE 62005912 SEE PART V 0 ZACHARY SCHREIBER BOARD OF TRUSTEE 1101827 SEE PART V 0 STANLEY DRUNKENMILLER CHAIRMAN OF BOARD 55315969 SEE PART V 0 ERIC MANDELBLATT BOARD OF TRUSTEE 77408916 SEE PART V 0 SCHEDULE L, PART IV ZACHARY SCHREIBER, BOARD OF TRUSTEES MEMBER, MANAGES A LIMITED PARTNERSHIP INVESTMENT FUND IN WHICH HARLEM CHILDREN'S ZONE INVESTS. THE VALUE OF THE ORGANIZATION'S INVESTMENT IN THIS LIMITED PARTNERSHIP INVESTMENT AS OF JULY 30, 2025 IS APPROXIMATELY $62 MILLION. NEITHER MR. SCHREIBER NOR THE FUND CHARGE HARLEM CHILDREN'S ZONE ANY MANAGEMENT, ADVISORY OR SUPERVISORY FEES FOR MANAGING THE ORGANIZATION'S PORTFOLIO. NEVERTHELESS, THE VALUE OF THESE CONTRIBUTED SERVICES IS $1,101,827.STANLEY DRUCKENMILLER, CHAIRMAN OF THE BOARD, RUNS AN ALTERNATIVE INVESTMENT FUND IN WHICH HARLEM CHILDREN'S ZONE INVESTS. THE VALUE OF THE ORGANIZATION'S INVESTMENT IN THIS FUND AS OF JUNE 30, 2025 IS $55.3 MILLION. NEITHER MR. DRUCKENMILLER NOR THE FUND CHARGE HARLEM CHILDREN'S ZONE ANY MANAGEMENT, ADVISORY OR SUPERVISORY FEES FOR MANAGING THE ORGANIZATION'S PORTFOLIO.ERIC MANDELBLATT, BOARD OF TRUSTEES MEMBER, RUNS AN ALTERNATIVE INVESTMENT FUND IN WHICH HARLEM CHILDREN'S ZONE INVESTS. THE VALUE OF THE ORGANIZATION'S INVESTMENT IN THIS FUND AS OF JUNE 30, 2025 IS $77.4 MILLION. X 3 202376 FMV 0 1 1 PART I, LINE 32B: TO THE EXENT THAT HARLEM CHILDREN'S ZONE RECEIVES DONATIONS OF SECURITIES, HCZ'S THIRD-PARTY BROKER DISPOSES OF THOSE SECURITIES; ALL PROCEEDS THEREFROM ARE USED TO SUPPORT THE ORGANIZATION'S CHARITABLE MISSION. FORM 990, PART III, LINE 1 HCZ LEADS THE WAY FOR COMMUNITIES AROUND THE COUNTRY, IMPROVING THE LIVES AND LIVELIHOODS OF MILLIONS. TOGETHER WITH OUR PARTNERS, WE'RE TRANSFORMING THE WAY WE ROOT OUT POVERTY IN NEIGHBORHOODS ACROSS THE NATION AND AROUND THE WORLD. OUR CORE BELIEFS AND VALUES GUIDE EVERYTHING WE DO. THEY ARE A CRITICAL PART OF OUR CULTURE AND HELP US PROVIDE THE BEST PROGRAMS AND SUPPORTS TO THE CHILDREN AND FAMILIES WE SERVE. THE VALUES WORK TOGETHER AND BALANCE EACH OTHER, INFORMING HOW WE BEHAVE AND MAKE DECISIONS ACROSS THE ORGANIZATION. 1. CHILDREN FIRST - WE EMBRACE A HOLISTIC, YOUTH-CENTERED APPROACH TO CREATE TRANSFORMATIONAL OPPORTUNITIES, DRIVEN BY A CALL FOR JUSTICE, EQUITY, AND A RADICAL HOPE FOR THEIR FUTURE. 2. SERVANT LEADERSHIP - WE ARE ANCHORED IN MISSION, AND UNRELENTING IN OUR PURSUIT OF EXCELLENCE FOR OUR CHILDREN, FAMILIES, AND COMMUNITY. WE UNDERSTAND THAT OUR MISSION IS BIGGER THAN OURSELVES. WE ARE CALLED TO SERVE THE COMMUNITIES WE REPRESENT AND LEAD OUR CHILDREN. 3. PLACE MATTERS - WE KNOW THAT WHERE A CHILD IS BORN AND RAISED DETERMINES THEIR FUTURE PROSPECTS OF SUCCESS. THEREFORE, WE BUILD OPPORTUNITIES FOR PROSPERITY IN TRADITIONALLY UNDERSERVED NEIGHBORHOODS, USING A COMPREHENSIVE, PLACE-BASED CRADLE TO CAREER APPROACH THAT WILL BREAK THE CYCLE OF INTERGENERATIONAL POVERTY. FORM 990, PART VI, SECTION B, LINE 11B POLICIES 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. FOLLOWING THE COMMITTEE'S SUMMARY THE BOARD WILL BE AFFORDED TIME TO REVIEW AND MAKE RECOMMENDATIONS AS NEEDED. FORM 990, PART VI, SECTION B, LINE 12C 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 WITH 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. FORM 990, PART VI, SECTION B, 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. HARLEM CHILDREN ZONE RECENTLY COMMISSIONED A COMPENSATION SURVEY IN MARCH OF 2021 TO ENSURE THAT THE WAGES IT PAYS ITS EXECUTIVES IS COMMENSURATE WITH THE MARKET IN WHICH IT OPERATES. FORM 990, PART VI, SECTION C, 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 XI, LINE 9 FOR FINANCIAL STATEMENT PURPOSES, HARLEM CHILDREN'S ZONE REPORTED CERTAIN BOOK ENTRIES AS REVENUE, BUT WHICH DO NOT REPRESENT INCOME FOR 990 PURPOSES, INCLUDING GROWTH FUND DEFERRALS, AND OTHER INVESTMENT VALUATION FLUCTUATIONS. RHEEDLEN 125TH STREET LLC 35 EAST 125TH STREET NEW YORK NY 10035 HOLD PROPERTY NY 0 0 HCZ HCZ PROMISE LLC 35 EAST 125TH STREET NEW YORK NY 10035 272392634 HOLD PROPERTY NY 0 0 HCZ 168 TITICUS RD LLC 168 TITICUS ROAD NORTH SALEM NY 10560 HOLD PROPERTY NY 0 0 HCZ HCZ PROMISE ACADEMY CHARTER SCHOOL 245 W 129TH STREET NEW YORK NY 10027 760756768 EDUCATION NY 501(C)(3) LINE 2 HCZ 1 HCZ PROMISE ACADEMY CHARTER SCHOOL II 35 EAST 125TH STREET NEW YORK NY 10035 342049530 EDUCATION NY 501(C)(3) LINE 2 HCZ 1 1 1 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 1 0 HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL II J 2435825 FMV HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL II A 2435825 FMV HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL B 2310446 FMV HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL II B 1560260 FMV HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL L 698302 FMV HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL II L 1226129 FMV HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL Q 698302 FMV HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL II Q 1226129 FMV