Zeta Charter Schools Inc
- Assets
- $13.2m
- Revenue
- $12.4m
- Investments
- $0.0
- Employees
- 27
- Location
- Bronx, NY
- Founding
- 03/2018
- Data as of
- 06/2021
- EIN
- 82-1888771
Organization Overview
Zeta Charter Schools Inc is located in Bronx, NY. The organization was established in 2018. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Zeta Charter Schools Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zeta Charter Schools Inc 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, Zeta Charter Schools Inc generated $12.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 40.0% each year . All expenses for the organization totaled $6.6m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT SCHOOLS, ASSIST IN THE CREATION OF SCHOOLS, AND TO UNDERTAKE OTHER ACTIVITIES AS ARE CONSISTENT WITH THE GOAL OF PROMOTING AND SUPPORTING EDUCATIONAL ACHIEVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ZETA CHARTER SCHOOLS, INC. BUILDS AND SUPPORTS THE ZETA CHARTER SCHOOLS NYC ("THE SCHOOL") NETWORK OF HIGH PERFORMING SCHOOLS THAT FORGE THRIVING COMMUNITIES OF LIFELONG LEARNERS, PROBLEM SOLVERS AND INNOVATORS. THE NETWORK CURRENTLY HAS TWO SUBLEASE AGREEMENTS WITH THE SCHOOL, AND ON JULY 20, 2021, THE NETWORK ENTERED INTO A THIRD SUBLEASE AGREEMENT WITH THE SCHOOL.THE ORGANIZATION PROVIDES STARTUP AND ONGOING ACADEMIC, BUSINESS AND DEVELOPMENT SUPPORT TO THE SCHOOLS. THERE ARE APPROXIMATELY 873 STUDENTS ENROLLED IN THE NETWORK'S K-1 EDUCATIONAL CORPORATION FOR THE 2020-2021 ACADEMIC YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Kim CEO | Officer | 50 | $220,489 |
Paola Stepanian Managing Dir. Of Academics | Officer | 50 | $156,560 |
Samreen Khan Director Of Operational & Financial Strategy | 50 | $127,751 | |
Jessie Ferguson Director Of Special Projects | 50 | $117,280 | |
Christopher D'amato Director Of School Operations | 50 | $115,881 | |
Shea Reeder Director Of School Culture | 50 | $111,871 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
About The Work Project Management Services | 6/29/21 | $364,500 |
Vrd Contracting Inc General Contracting | 6/29/21 | $216,433 |
Tener Contracting Llc Repair Services | 6/29/21 | $168,174 |
Proclean Maintenance Systems Inc Janitorial Services | 6/29/21 | $122,393 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $340,467 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,219,920 |
| Noncash contributions included in lines 1a–1f | $8,550 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,560,387 |
| Total Program Service Revenue | $6,849,233 |
| Investment income | $91 |
| 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 | $12,409,711 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $429,637 |
| Compensation of current officers, directors, key employees. | $69,564 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,293,283 |
| Pension plan accruals and contributions | $41,763 |
| Other employee benefits | $194,498 |
| Payroll taxes | $230,053 |
| Fees for services: Management | $19,072 |
| Fees for services: Legal | $4,612 |
| Fees for services: Accounting | $45,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $424,375 |
| Advertising and promotion | $166,330 |
| Office expenses | $71,609 |
| Information technology | $123,253 |
| Royalties | $0 |
| Occupancy | $1,077,260 |
| Travel | $8,278 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,125 |
| Interest | $54,395 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,172,504 |
| Insurance | $99,545 |
| All other expenses | $0 |
| Total functional expenses | $6,583,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,580,264 |
| Savings and temporary cash investments | $80,282 |
| Pledges and grants receivable | $900,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $178,705 |
| Net Land, buildings, and equipment | $3,375,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,070,250 |
| Total assets | $13,184,569 |
| Accounts payable and accrued expenses | $518,268 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,430,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $325,459 |
| Total liabilities | $3,273,727 |
| Net assets without donor restrictions | $8,575,637 |
| Net assets with donor restrictions | $1,335,205 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,184,569 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Zeta Charter Schools Inc has recieved totaling $992,522.
| Awarding Organization | Amount |
|---|---|
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO SUPPORT THE GROWTH OF HIGH-QUALITY NYC CHARTERS BY PROVIDING OPERATING SUPPORT FOR MULTIPLE NEW SCHOOLS AND BACK-OFFICE INFRASTRUCTURE. | $475,000 |
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL GROWTH | $325,000 |
New Schools Fund Oakland, CA PURPOSE: INNOVATIVE SCHOOLS | $160,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $25,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: EDUCATIONAL PROGRAMS & OTHER STUDENT SVC | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Teach Plus Incorporated Boston, MA | $12,001,505 | $12,042,496 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Goodwin College Educational Services Inc East Hartford, CT | $19,577 | $10,789,035 |
Education Resource Strategies Inc Watertown, MA | $16,861,900 | $10,099,352 |
Entrepreneurial Ventures In Education Quincy, MA | $4,865,485 | $11,072,937 |