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Nonprofiteer
← ZETA CHARTER SCHOOLS - NEW YORK CITY

Form 990 for tax year 2024

Filed by ZETA CHARTER SCHOOLS - NEW YORK CITY.

Totals

Total revenue
$88,248,316
Total expenses
$88,935,095
Contributions and grants received
$8,081,588
Grants paid
$0
Program service revenue
$79,045,965
Investment income
$1,095,902
Other revenue
$24,861
Total assets, end of year
$315,043,518
Total liabilities, end of year
$298,452,661
Net assets or fund balances, end of year
$16,590,857
Program services expenses (Part IX)
$82,906,586
Management and general expenses
$6,028,509
Fundraising expenses
$0
Program service expenses (Part III)
$82,906,586

Program services were 93.2% 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)

    $8,080,588

  • 1f · All other contributions, gifts and grants

    $1,000

  • 1g · Noncash contributions included above

    $188,594

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

    total $52,126,834 · related or exempt $52,126,834

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

    total $15,579,468 · related or exempt $15,579,468

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

    total $6,448,190 · related or exempt $6,448,190

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

    total $4,582,962 · related or exempt $4,582,962

  • 2e · Program service revenue: AFTER SCHOOL FEES

    total $308,511 · related or exempt $308,511

  • 3 · Investment income

    total $1,095,902 · excluded $1,095,902

  • 11a · Other revenue: REBATES

    total $24,861 · excluded $24,861

  • 11e · Other revenue, total

    $24,861

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $834,509 · program services $767,748 · management and general $66,761

  • 7 · Other salaries and wages

    total $28,513,179 · program services $26,397,799 · management and general $2,115,380

  • 8 · Pension plan contributions

    total $741,871 · program services $686,998 · management and general $54,873

  • 9 · Other employee benefits

    total $3,435,269 · program services $3,181,801 · management and general $253,468

  • 10 · Payroll taxes

    total $2,447,489 · program services $2,266,233 · management and general $181,256

  • 11a · Fees: management

    total $9,911,964 · program services $9,175,112 · management and general $736,852

  • 11b · Fees: legal

    total $43,091 · management and general $43,091

  • 11c · Fees: accounting

    total $99,226 · management and general $99,226

  • 11g · Fees: other

    total $1,088,545 · program services $967,074 · management and general $121,471

  • 12 · Advertising and promotion

    total $2,781,147 · program services $2,743,193 · management and general $37,954

  • 13 · Office expenses

    total $771,113 · program services $745,935 · management and general $25,178

  • 14 · Information technology

    total $2,182,555 · program services $2,066,414 · management and general $116,141

  • 16 · Occupancy

    total $19,594,786 · program services $18,101,245 · management and general $1,493,541

  • 17 · Travel

    total $166,641 · program services $155,241 · management and general $11,400

  • 19 · Conferences, conventions and meetings

    total $384 · management and general $384

  • 22 · Depreciation, depletion and amortization

    total $6,269,937 · program services $5,802,439 · management and general $467,498

  • 23 · Insurance

    total $379,093 · program services $351,108 · management and general $27,985

  • 24a · Other expenses: CLASSROOM SUPPLIES

    total $2,913,986 · program services $2,913,986

  • 24b · Other expenses: STUDENT MEALS

    total $2,809,797 · program services $2,809,797

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $1,692,516 · program services $1,565,729 · management and general $126,787

  • 24d · Other expenses: STUDENT SERVICES

    total $1,587,469 · program services $1,587,469

  • 24e · All other expenses

    total $670,528 · program services $621,265 · management and general $49,263

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,421,628 · end of year $1,811,461

  • 2 · Savings and temporary cash investments

    beginning of year $12,908,146 · end of year $23,404,776

  • 3 · Pledges and grants receivable

    beginning of year $3,828,000 · end of year $4,075,933

  • 4 · Accounts receivable

    beginning of year $911 · end of year $1,110

  • 9 · Prepaid expenses and deferred charges

    beginning of year $457,027 · end of year $1,046,466

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

    $8,232,850

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

    $4,076,012

  • 10c · Land, buildings and equipment, net

    beginning of year $2,750,776 · end of year $4,156,838

  • 15 · Other assets

    beginning of year $259,201,854 · end of year $280,546,934

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,956,742 · end of year $4,643,330

  • 19 · Deferred revenue

    beginning of year $200,583 · end of year $235,541

  • 25 · Other liabilities

    beginning of year $263,983,667 · end of year $293,573,790

  • 27 · Net assets without donor restrictions

    beginning of year $17,427,350 · end of year $16,590,857

Mission and programs · 2024

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 2726 STUDENTS ENROLLED IN KINDERGARTEN THROUGH SEVENTH GRADE AND 352 STUDENTS ENROLLED IN PRE-KINDERGARTEN FOR THE 2024-2025 ACADEMIC YEAR

    Expenses $82,906,586 · Revenue $79,045,965

As filed on the 2024 return.

Listed in Part VII

  • Keri Hoyt

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Shannon Kete

    VICE CHAIRPERSON (THRU 07/2024)

    Total calculated
    $0
    Hours/week
    1

  • Nicole Brisbane

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Michele Caracappa

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tyrone Davis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ken McClure

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Manelly Moreno

    PRINCIPAL

    Total calculated
    $128,567
    From this org
    $103,829
    From related orgs
    $0
    Other
    $24,738
    Hours/week
    50

  • Amenata Magiraga

    PRINCIPAL

    Total calculated
    $171,587
    From this org
    $160,099
    From related orgs
    $0
    Other
    $11,488
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $149,299
    Bonus
    $10,500
    Other
    $300
    Deferred
    $1,313
    Nontaxable benefits
    $10,175
    Filer's total
    $171,587

  • Noreen Cooke-Coleman

    PRINCIPAL

    Total calculated
    $179,619
    From this org
    $139,128
    From related orgs
    $0
    Other
    $40,491
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $119,928
    Bonus
    $13,900
    Other
    $5,300
    Deferred
    $4,721
    Nontaxable benefits
    $35,770
    Filer's total
    $179,619

  • Momima Manzoor

    PRINCIPAL

    Total calculated
    $134,570
    From this org
    $118,681
    From related orgs
    $0
    Other
    $15,889
    Hours/week
    50

  • Janai Harris

    PRINCIPAL

    Total calculated
    $146,104
    From this org
    $124,282
    From related orgs
    $0
    Other
    $21,822
    Hours/week
    50

  • Brian Zied

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    50

  • Kiwana Yates

    PRINCIPAL

    Total calculated
    $160,971
    From this org
    $135,453
    From related orgs
    $0
    Other
    $25,518
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $122,903
    Bonus
    $12,250
    Other
    $300
    Deferred
    $4,256
    Nontaxable benefits
    $21,262
    Filer's total
    $160,971

  • Ana Martinez

    SCHOOL MANAGER

    Total calculated
    $182,558
    From this org
    $158,272
    From related orgs
    $0
    Other
    $24,286
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $144,083
    Bonus
    $13,830
    Other
    $359
    Deferred
    $4,869
    Nontaxable benefits
    $19,417
    Filer's total
    $182,558

  • Shaun Sylvester Benjamin

    ASSISTANT PRINCIPAL

    Total calculated
    $150,194
    From this org
    $134,165
    From related orgs
    $0
    Other
    $16,029
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $128,865
    Bonus
    $0
    Other
    $5,300
    Deferred
    $4,086
    Nontaxable benefits
    $11,943
    Filer's total
    $150,194

  • Lindsay Nixon

    OPERATIONS DIRECTOR

    Total calculated
    $137,226
    From this org
    $126,203
    From related orgs
    $0
    Other
    $11,023
    Hours/week
    50

  • Tamika Carrington

    OPERATIONS DIRECTOR

    Total calculated
    $139,384
    From this org
    $113,344
    From related orgs
    $0
    Other
    $26,040
    Hours/week
    50

  • Edward Macenulty

    OPERATIONS DIRECTOR

    Total calculated
    $141,260
    From this org
    $114,980
    From related orgs
    $0
    Other
    $26,280
    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
2024
Filed
7 May 2026
IRS schema version
2024v5.5
Source object
202611279349303791

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