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Nonprofiteer
← ZETA CHARTER SCHOOLS - NEW YORK CITY

Form 990 for tax year 2023

Filed by ZETA CHARTER SCHOOLS - NEW YORK CITY.

Totals

Total revenue
$73,499,796
Total expenses
$67,037,516
Contributions and grants received
$6,695,265
Grants paid
$0
Program service revenue
$66,187,877
Investment income
$608,538
Other revenue
$8,116
Total assets, end of year
$284,568,342
Total liabilities, end of year
$267,140,992
Net assets or fund balances, end of year
$17,427,350
Program services expenses (Part IX)
$62,628,070
Management and general expenses
$4,409,446
Fundraising expenses
$0
Program service expenses (Part III)
$62,628,070

Program services were 93.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $6,670,265

  • 1f · All other contributions, gifts and grants

    $25,000

  • 1g · Noncash contributions included above

    $139,481

  • 2a · Program service revenue: GOV'T PER-PUPIL REV - GENERAL ED

    total $42,493,435 · related or exempt $42,493,435

  • 2b · Program service revenue: GOV'T PER-PUPIL REV - FACILITIES

    total $12,639,486 · related or exempt $12,639,486

  • 2c · Program service revenue: GOV'T PER-PUPIL REV - UPK

    total $6,659,053 · related or exempt $6,659,053

  • 2d · Program service revenue: GOV'T PER-PUPIL REV - SPECIAL ED

    total $4,224,220 · related or exempt $4,224,220

  • 2e · Program service revenue: AFTER SCHOOL FEES

    total $171,683 · related or exempt $171,683

  • 3 · Investment income

    total $608,538 · excluded $608,538

  • 11a · Other revenue: REBATES

    total $8,116 · excluded $8,116

  • 11e · Other revenue, total

    $8,116

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $823,184 · program services $635,810 · management and general $187,374

  • 7 · Other salaries and wages

    total $21,627,938 · program services $20,332,540 · management and general $1,295,398

  • 8 · Pension plan contributions

    total $496,593 · program services $460,798 · management and general $35,795

  • 9 · Other employee benefits

    total $2,487,670 · program services $2,308,218 · management and general $179,452

  • 10 · Payroll taxes

    total $2,036,235 · program services $1,889,348 · management and general $146,887

  • 11a · Fees: management

    total $8,327,619 · program services $7,726,332 · management and general $601,287

  • 11b · Fees: legal

    total $33,285 · management and general $33,285

  • 11c · Fees: accounting

    total $112,451 · management and general $112,451

  • 11g · Fees: other

    total $594,179 · program services $540,329 · management and general $53,850

  • 12 · Advertising and promotion

    total $1,406,813 · program services $1,391,473 · management and general $15,340

  • 13 · Office expenses

    total $630,749 · program services $573,756 · management and general $56,993

  • 14 · Information technology

    total $1,452,946 · program services $1,377,389 · management and general $75,557

  • 16 · Occupancy

    total $13,965,423 · program services $12,932,741 · management and general $1,032,682

  • 17 · Travel

    total $116,589 · program services $108,320 · management and general $8,269

  • 22 · Depreciation, depletion and amortization

    total $5,672,420 · program services $5,255,360 · management and general $417,060

  • 23 · Insurance

    total $328,402 · program services $306,541 · management and general $21,861

  • 24a · Other expenses: FOOD SERVICES

    total $2,331,737 · program services $2,331,737

  • 24b · Other expenses: CLASSROOM SUPPLIES

    total $1,944,167 · program services $1,944,130 · management and general $37

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $1,148,605 · program services $1,066,097 · management and general $82,508

  • 24d · Other expenses: STUDENT SERVICES

    total $879,163 · program services $879,163

  • 24e · All other expenses

    total $621,348 · program services $567,988 · management and general $53,360

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,099,972 · end of year $5,421,628

  • 2 · Savings and temporary cash investments

    beginning of year $300,336 · end of year $12,908,146

  • 3 · Pledges and grants receivable

    beginning of year $2,112,641 · end of year $3,828,000

  • 4 · Accounts receivable

    beginning of year $386,672 · end of year $911

  • 9 · Prepaid expenses and deferred charges

    beginning of year $126,880 · end of year $457,027

  • 10a · Land, buildings and equipment: cost or other basis

    $5,736,131

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,985,355

  • 10c · Land, buildings and equipment, net

    beginning of year $2,243,274 · end of year $2,750,776

  • 15 · Other assets

    beginning of year $212,718,807 · end of year $259,201,854

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,887,862 · end of year $2,956,742

  • 19 · Deferred revenue

    beginning of year $169,561 · end of year $200,583

  • 25 · Other liabilities

    beginning of year $215,688,187 · end of year $263,983,667

  • 27 · Net assets without donor restrictions

    beginning of year $11,242,972 · end of year $17,427,350

Mission and programs · 2023

Mission

TO BUILD AND SUSTAIN HIGH-PERFORMING SCHOOLS THAT FORGE THRIVING COMMUNITIES OF LIFELONG LEARNERS, PROBLEM SOLVERS AND INNOVATORS.

  • ZETA CHARTER SCHOOLS NYC IS A NETWORK OF HIGH-PERFORMING SCHOOLS THAT FORGE THRIVING COMMUNITIES OF LIFELONG LEARNERS, PROBLEM SOLVERS, AND INNOVATORS. THE SCHOOLS PROVIDED EDUCATION TO APPROXIMATELY 2,371 STUDENTS ENROLLED IN KINDERGARTEN THROUGH SIXTH GRADE AND 363 STUDENTS ENROLLED IN PRE-KINDERGARTEN FOR THE 2023-2024 ACADEMIC YEAR.

    Expenses $62,628,070 · Revenue $66,187,877

As filed on the 2023 return.

Listed in Part VII

  • Keri Hoyt

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Shannon Kete

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Nicole Brisbane

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Michele Caracappa

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ken McClure

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ana Martinez

    PRINCIPAL

    Total calculated
    $165,663
    From this org
    $141,139
    From related orgs
    $0
    Other
    $24,524
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $128,919
    Bonus
    $12,220
    Other
    $0
    Deferred
    $4,118
    Nontaxable benefits
    $20,406
    Filer's total
    $165,663

  • Amenata Magiraga

    PRINCIPAL

    Total calculated
    $167,906
    From this org
    $154,352
    From related orgs
    $0
    Other
    $13,554
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $136,852
    Bonus
    $17,500
    Other
    $0
    Deferred
    $3,885
    Nontaxable benefits
    $9,669
    Filer's total
    $167,906

  • Noreen Cooke-Coleman

    PRINCIPAL

    Total calculated
    $157,670
    From this org
    $122,434
    From related orgs
    $0
    Other
    $35,236
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $113,684
    Bonus
    $8,750
    Other
    $0
    Deferred
    $3,815
    Nontaxable benefits
    $31,421
    Filer's total
    $157,670

  • Kiwana Yates

    PRINCIPAL

    Total calculated
    $137,494
    From this org
    $116,403
    From related orgs
    $0
    Other
    $21,091
    Hours/week
    50

  • Janai Harris

    PRINCIPAL

    Total calculated
    $125,043
    From this org
    $104,608
    From related orgs
    $0
    Other
    $20,435
    Hours/week
    50

  • Brian Zied

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    50

  • Edward Macenulty

    OPERATIONS DIRECTOR

    Total calculated
    $123,427
    From this org
    $110,199
    From related orgs
    $0
    Other
    $13,228
    Hours/week
    50

  • Andrew Noe

    ASSISTANT PRINCIPAL

    Total calculated
    $150,094
    From this org
    $137,126
    From related orgs
    $0
    Other
    $12,968
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $128,376
    Bonus
    $8,750
    Other
    $0
    Deferred
    $3,093
    Nontaxable benefits
    $9,875
    Filer's total
    $150,094

  • Nina Arutyunyan

    ASSISTANT PRINCIPAL

    Total calculated
    $129,011
    From this org
    $117,982
    From related orgs
    $0
    Other
    $11,029
    Hours/week
    50

  • Momina Manzoor

    ASSISTANT PRINCIPAL

    Total calculated
    $121,984
    From this org
    $112,197
    From related orgs
    $0
    Other
    $9,787
    Hours/week
    50

  • Chanel Simpkins

    ASSISTANT PRINCIPAL

    Total calculated
    $120,031
    From this org
    $107,393
    From related orgs
    $0
    Other
    $12,638
    Hours/week
    50

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, and on a Form 990-PF Part VIII's — 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

  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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, LINE 7
THE ORGANIZATION AWARDED DISCRETIONARY BONUSES TO PERSONS LISTED ON PART VII OF THE 990, AND IS REPORTED IN PART II, COLUMN B(II).

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349318507

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