Harlem Academy

Organization Overview

Harlem Academy is located in New York, NY. The organization was established in 2006. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Harlem Academy employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harlem Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Harlem Academy generated $12.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $3.5m during the year ending 06/2021. While expenses have increased by 0.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

HARLEM ACADEMY DRIVES EQUITY OF OPPORTUNITY FOR PROMISING CHILDREN, GUIDING THEM TO THRIVE AT THE HIGHEST ACADEMIC LEVELS AND ONE DAY MAKE A MARK ON THE WORLD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OVERVIEW.HARLEM ACADEMY DRIVES EQUITY OF OPPORTUNITY FOR PROMISING STUDENTS, GUIDING THEM TO THRIVE AT THE HIGHEST ACADEMIC LEVELS AND ONE DAY MAKE A MARK ON THE WORLD.COMMITMENT TO LOW-INCOME CHILDREN.HARLEM ACADEMY PROVIDES A FULL-NEED SCHOLARSHIP TO EVERY ATTENDING STUDENT. THE SCHOOL IS COMMITTED TO A MERITOCRACY WHERE HARD WORK DRIVES THE OPPORTUNITY TO REALIZE POTENTIAL AND WHERE NO FAMILY IS EVER TURNED AWAY FOR AN INABILITY TO PAY.TRANSFORMATIONAL GROWTH.HARLEM ACADEMY ADMITS PROMISING CHILDREN AND SUPPORTS THEM IN CULTIVATING THEIR TALENTS. STUDENTS GAIN A TREMENDOUS 16 POINTS DURING THEIR TIME AT HARLEM ACADEMY, ON AVERAGE ENTERING AT THE 74TH PERCENTILE AND GRADUATING AT THE 90TH PERCENTILE.NATIONALLY, A PROMISING, LOW-INCOME STUDENT STARTING FIRST GRADE AT THE 72ND PERCENTILE (A SIMILAR PROFILE TO OUR STUDENTS) WILL LOSE 13 POINTS BY EIGHTH GRADE, DROPPING TO THE 59TH PERCENTILE.SECONDARY SCHOOL SUCCESS.FOR THE FIFTH CONSECUTIVE YEAR, 100% OF HARLEM ACADEMY EIGHTH GRADERS MATRICULATED AT SELECTIVE SECONDARY SCHOOLS. AMONG THEM, 79% PERCENT MOVED ON TO INDEPENDENT DAY AND BOARDING SCHOOLS WITH FULL-NEED SCHOLARSHIPS, INCLUDING FIELDSTON, RIVERDALE, AND TRINITY.COLLEGE SUCCESS.OVER THE PAST FOUR YEARS, 94% OF HARLEM ACADEMY GRADUATES ENROLLED IN FOUR-YEAR COLLEGES, COMPARED TO THE NATIONAL AVERAGE OF 51%. HARLEM ACADEMY STUDENTS ARE CURRENTLY ENROLLED AT CARNEGIE MELLON, CORNELL, DARTMOUTH, HAMILTON HOWARD, NEW YORK UNIVERSITY, PRINCETON, TUFTS, WESLEYAN, AND YALE WITH A COLLEGE PERSISTENCE RATE OF 98%.PROVIDING A MODEL EDUCATION.HARLEM ACADEMY IS DEDICATED TO SHARING SUCCESSFUL STRATEGIES TO EXTEND ITS IMPACT BEYOND ITS WALLS. THE SCHOOL HAS PUBLISHED EIGHT ARTICLES IN NATIONAL EDUCATION JOURNALS, REACHING HUNDREDS OF THOUSANDS OF EDUCATORS AND SCHOOL LEADERS.TOP RATING FROM GUIDESTAR AND CHARITY NAVIGATOR.HARLEM ACADEMY RECEIVEDA FOUR-STAR RATING FROM CHARITY NAVIGATOR FOR FINANCIAL MANAGEMENT, ACCOUNTABILITY, AND TRANSPARENCY, AS WELL ASGUIDESTARS PLATINUM RATING FOR MEASURING PROGRESS AND SHARING RESULTS, HIGHLIGHTING THE SCHOOLS CONTINUED COMMITMENT TO USE GIFTS EFFECTIVELY TOWARD ADVANCING THE MISSION.


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Board, Officers & Key Employees

Name (title)Compensation
Vincent Dotoli
Head Of School
$177,996
Leonard Smith
Finance Director
$148,311
Lashonda Davis
Assistant Head
$144,011
Vanessa Scanfeld
Strategy Director
$121,599
David B Peterson
Board Chair
$0
John Belizaire
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $554,598
All other contributions, gifts, grants, and similar amounts not included above$11,992,349
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$12,546,947
Total Program Service Revenue$362,850
Investment income $8,566
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,918,363

Grants Recieved

Over the last fiscal year, we have identified 40 grants that Harlem Academy has recieved totaling $1,297,926.

Awarding OrganizationAmount
Llewellyn Family Foundation

New York, NY

PURPOSE: GENERAL OPERATING SUPPORT

$250,000
Hemmerdinger Foundation

Rego Park, NY

PURPOSE: GENERAL OPERATIONS

$225,000
Credit Suisse Americas Foundation

New York, NY

PURPOSE: GENERAL OPERATING

$100,000
The Joseph H Flom Foundation

New York, NY

PURPOSE: TO SUPPORT THE COMPLETION OF THE CONSTRUCTION OF THE NEW SCHOOL CAMPUS.

$100,000
Tsunami Foundation

West Palm Beach, FL

PURPOSE: CHARITABLE CONTRIBUTION - GENERAL SUPPORT - EDUCATION FOR LOW INCOME STUDENTS IN EAST HARLEM

$100,000
S & L Marx Foundation Inc

Wilmington, DE

PURPOSE: NEW SCHOOL FACILITY

$75,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$142,992
Earnings$520
Net Contributions$500,000
Ending Balance$643,512

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