Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $2,311,513

• 1f · All other contributions, gifts and grants

  $21,556,143

• 1g · Noncash contributions included above

  $1,052

• 2a · Program service revenue: RENTAL FEES

  total $13,456,011 · related or exempt $13,456,011

• 2b · Program service revenue: CMO FEES

  total $9,911,964 · related or exempt $9,911,964

• 2c · Program service revenue: CAPITAL LEASE INTEREST

  total $7,476,222 · related or exempt $7,476,222

• 3 · Investment income

  total $99,249 · excluded $99,249

• 4 · Income from investment of tax-exempt bond proceeds

  total $1,733,630 · excluded $1,733,630

• 7a · Gross sales of assets other than inventory

  securities $1,080

• 7b · Less cost or other basis and sales expenses

  securities $1,052

• 7c · Gain or loss

  securities $28

• 7d · Net gain or loss

  total $28 · excluded $28

• 11a · Other revenue: CREDIT CARD REWARDS

  total $28,597 · excluded $28,597

• 11b · Other revenue: OTHER INCOME

  total $4,900 · excluded $4,900

• 11e · Other revenue, total

  $33,497

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,622,622 · program services $1,622,622

• 5 · Compensation of officers, directors and key employees

  total $1,446,084 · program services $1,142,406 · management and general $260,295 · fundraising $43,383

• 7 · Other salaries and wages

  total $8,818,854 · program services $6,953,816 · management and general $1,619,453 · fundraising $245,585

• 8 · Pension plan contributions

  total $227,657 · program services $179,517 · management and general $41,794 · fundraising $6,346

• 9 · Other employee benefits

  total $623,174 · program services $491,457 · management and general $114,256 · fundraising $17,461

• 10 · Payroll taxes

  total $779,214 · program services $614,579 · management and general $142,709 · fundraising $21,926

• 11b · Fees: legal

  total $110,946 · program services $83,209 · management and general $27,737

• 11c · Fees: accounting

  total $467,494 · management and general $467,494

• 11g · Fees: other

  total $3,963,990 · program services $3,820,066 · management and general $143,924

• 12 · Advertising and promotion

  total $439,319 · program services $364,035 · management and general $75,284

• 13 · Office expenses

  total $233,762 · program services $178,930 · management and general $54,715 · fundraising $117

• 14 · Information technology

  total $536,017 · program services $406,433 · management and general $129,584

• 16 · Occupancy

  total $17,885,354 · program services $17,885,354

• 17 · Travel

  total $83,100 · program services $62,325 · management and general $20,775

• 19 · Conferences, conventions and meetings

  total $2,810 · program services $2,108 · management and general $702

• 20 · Interest

  total $22,775 · program services $17,081 · management and general $5,694

• 22 · Depreciation, depletion and amortization

  total $6,590,563 · program services $6,018,383 · management and general $572,180

• 23 · Insurance

  total $76,066 · program services $57,050 · management and general $19,016

• 24a · Other expenses: REPAIRS AND MAINTENANCE

  total $2,781,568 · program services $2,781,568

• 24b · Other expenses: STAFF DEVELOPMENT

  total $254,280 · program services $140,313 · management and general $113,967

• 24c · Other expenses: CLASSROOM SUPPLIES

  total $214,902 · program services $169,076 · management and general $45,826

• 24d · Other expenses: STAFF RECRUITMENT

  total $41,613 · program services $39,533 · management and general $2,080

• 24e · All other expenses

  total $11,015 · fundraising $11,015

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,446,259 · end of year $2,472,063

• 2 · Savings and temporary cash investments

  beginning of year $55,897,203 · end of year $43,838,407

• 3 · Pledges and grants receivable

  beginning of year $659,091 · end of year $13,157,489

• 4 · Accounts receivable

  beginning of year $0 · end of year $3,329

• 9 · Prepaid expenses and deferred charges

  beginning of year $104,571 · end of year $480,772

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

  $52,214,370

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

  $6,855,765

• 10c · Land, buildings and equipment, net

  beginning of year $21,746,216 · end of year $45,358,605

• 13 · Investments: program-related

  beginning of year $112,597,613 · end of year $111,991,345

• 15 · Other assets

  beginning of year $219,063,271 · end of year $220,214,946

• 17 · Accounts payable and accrued expenses

  beginning of year $1,832,349 · end of year $6,284,037

• 19 · Deferred revenue

  beginning of year $1,035,082 · end of year $946,582

• 20 · Tax-exempt bond liabilities

  beginning of year $60,188,073 · end of year $60,556,601

• 23 · Secured mortgages and notes payable

  beginning of year $1,210,000 · end of year $4,710,000

• 25 · Other liabilities

  beginning of year $411,876,547 · end of year $417,302,485

• 27 · Net assets without donor restrictions

  beginning of year -$62,397,827 · end of year -$65,718,404

• 28 · Net assets with donor restrictions

  beginning of year $770,000 · end of year $13,435,655

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).

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• TREMONT PARK FACILITY LLC

  REAL ESTATE · NY · income $1,733,630 · assets $70,481,700

  Directly controlled by ZETA CHARTER SCHOOLS INC