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Nonprofiteer
← HARLEM CHILDRENS ZONE PROMISE ACADEMY CHARTER SCHOOL

Form 990 for tax year 2024

Filed by HARLEM CHILDRENS ZONE PROMISE ACADEMY CHARTER SCHOOL.

Totals

Total revenue
$28,034,547
Total expenses
$29,395,421
Contributions and grants received
$28,034,532
Grants paid
$71,651
Program services expenses (Part IX)
$27,767,652
Management and general expenses
$1,627,769
Fundraising expenses
$0
Program service expenses (Part III)
$27,767,652

Program services were 94.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KWAME OWUSU-KESSE

    CEO & PRESIDENT

    Total calculated
    $1,276,422
    From this org
    $0
    From related orgs
    $1,028,455
    Other
    $247,967
    Hours/week
    2 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $767,509 related
    Bonus
    $0 + $260,946 related
    Other
    $0
    Deferred
    $0 + $204,900 related
    Nontaxable benefits
    $0 + $43,067 related
    Filer's total
    $0 + $1,276,422 related

  • GEOFFREY CANADA

    CHAIRMAN

    Total calculated
    $868,915
    From this org
    $0
    From related orgs
    $815,948
    Other
    $52,967
    Hours/week
    2 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $513,448 related
    Bonus
    $0 + $302,500 related
    Other
    $0
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $43,067 related
    Filer's total
    $0 + $868,915 related

  • MITCH KURZ

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • KENNETH LANGONE CHAIRMAN

    EMERITUS (NON-VOTING)

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • ELLANOR BODIE BRIZENDINE

    TRUSTEE (NON-VOTING)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • STANLEY DRUCKENMILLER

    TRUSTEE (NON-VOTING)

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • DENISE FULLER THRU 062425

    TRUSTEE (NON-VOTING)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • WILLIE MAE LEWIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • KEITH MEISTER

    TRUSTEE (NON-VOTING)

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • AISHA TOMLINSON THRU 062425

    PARENT REP (NON-VOTING)

    Total calculated
    $0
    Hours/week
    2

  • ALFONSO WYATT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • RALPH STEFANO

    CFO

    Total calculated
    $356,899
    From this org
    $0
    From related orgs
    $356,899
    Other
    $0
    Hours/week
    2 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $356,899 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $356,899 related

  • ACHIL PETIT THRU 082024

    SUPERINTENDENT

    Total calculated
    $1,277,428
    From this org
    $1,189,653
    From related orgs
    $0
    Other
    $87,775
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $330,601
    Bonus
    $728,513
    Other
    $130,539
    Deferred
    $77,400
    Nontaxable benefits
    $10,375
    Filer's total
    $1,277,428

  • ARI BROWNE

    DIRECTOR, BUSINESS ADMIN

    Total calculated
    $345,872
    From this org
    $272,709
    From related orgs
    $0
    Other
    $73,163
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $181,118
    Bonus
    $91,591
    Other
    $0
    Deferred
    $36,134
    Nontaxable benefits
    $37,029
    Filer's total
    $345,872

  • AMY DEAL

    PRINCIPAL (HIGH SCHOOL)

    Total calculated
    $300,253
    From this org
    $259,015
    From related orgs
    $0
    Other
    $41,238
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,042
    Bonus
    $72,973
    Other
    $0
    Deferred
    $32,812
    Nontaxable benefits
    $8,426
    Filer's total
    $300,253

  • SASKIA BROWN

    DEPUTY SUPERINTENDENT

    Total calculated
    $421,927
    From this org
    $331,503
    From related orgs
    $0
    Other
    $90,424
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $291,503
    Bonus
    $40,000
    Other
    $0
    Deferred
    $53,395
    Nontaxable benefits
    $37,029
    Filer's total
    $421,927

  • TOYA STILLEY

    DIRECTOR, OPERATIONS

    Total calculated
    $339,632
    From this org
    $262,981
    From related orgs
    $0
    Other
    $76,651
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $176,390
    Bonus
    $86,591
    Other
    $0
    Deferred
    $39,622
    Nontaxable benefits
    $37,029
    Filer's total
    $339,632

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINES 4A-B
FORM 990, SCHEDULE J, LINE 4(A): SUPERINTENDENT, ACHIL PETIT'S CALENDAR YEAR END 2024 COMPENSATION IS COMPRISED OF SEVERAL DIFFERENT COMPONENTS: - A SEVERANCE PAYMENT IN THE AMOUNT OF $130,549. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). - PAYOUT OF HIS ACCUMULATED GROWTH FUND IN THE AMOUNT OF $678,513. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II). - A FINAL PERFORMANCE BONUS IN THE AMOUNT OF $50,000. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II). FORM 990, SCHEDULE J, LINE 4(B): HARLEM CHILDREN'S ZONE MAINTAINS A SECTION 457(F) PLAN AND A SUPPLEMENTAL BONUS PLAN FOR CERTAIN ELIGIBLE EMPLOYEES OF THE SCHOOL. THESE PLANS ("THE PLANS") ARE TAX-DEFERRED EMPLOYEE SAVINGS PLANS THAT AIM 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 THE 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. BEGINNING FISCAL YEAR 2016, THE VESTING PERIOD WAS BIFURCATED BETWEEN TEACHERS AND ADMINISTRATIVE STAFF, SUCH THAT AMOUNTS CONTRIBUTED TO THE PLAN NOW VEST THREE AND FIVE YEARS AFTER THE DATE OF THE INITIAL CONTRIBUTION FOR ELIGIBLE TEACHERS AND ADMINISTRATIVE STAFF, RESPECTIVELY. 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
AS NOTED IN THE NARRATIVE TO FORM 990, PART VI, LINE 15, ALL BONUSES OR MERIT PAY INCREASES ISSUED TO PROMISE ACADEMY EMPLOYEES ARE DETERMINED BY THE CEO, KWAME OWUSU-KESSE, WITH INPUT FROM THE SUPERINTENDENT. ALL BONUSES ARE PERFORMANCE-BASED AND THE RECIPIENTS DO NOT HAVE ANY INPUT INTO THE AMOUNT OF THE BONUS THEY RECEIVE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2026
IRS schema version
2024v5.5
Source object
202601339349303400

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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