Zeta Charter Schools - New York City
- Assets
- $28.2m
- Revenue
- $39.3m
- Investments
- $0.0
- Employees
- 253
- Location
- Bronx, NY
- Founding
- 08/2018
- Data as of
- 06/2022
- EIN
- 82-3452377
Organization Overview
Zeta Charter Schools - New York City is located in Bronx, NY. The organization was established in 2018. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Zeta Charter Schools - New York City employed 253 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zeta Charter Schools - New York City 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 06/2022, Zeta Charter Schools - New York City generated $39.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 44.3% each year . All expenses for the organization totaled $35.7m during the year ending 06/2022. While expenses have increased by 39.8% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD AND SUSTAIN HIGH-PERFORMING SCHOOLS THAT FORGE THRIVING COMMUNITIES OF LIFELONG LEARNERS, PROBLEM SOLVERS AND INNOVATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ZETA CHARTER SCHOOLS NYC IS A NETWORK OF HIGH-PERFORMING SCHOOLS THAT FORGE THRIVING COMMUNITIES OF LIFELONG LEARNERS, PROBLEM SOLVERS, AND INNOVATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberley Schacht Principal | Officer | 50 | $126,038 |
Meghan Daly Principal | Officer | 50 | $126,093 |
Tamika Tretu Principal | Officer | 50 | $109,373 |
Ana Collado Principal | Officer | 50 | $102,392 |
Noreen Cooke-Coleman Principal | Officer | 50 | $43,654 |
Jenny Sedlis Chairperson | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zeta Charter Schools Inc Management Services | 6/29/22 | $3,233,274 |
Revolution Foods Inc Meal Services | 6/29/22 | $496,251 |
Sunbright Transportation Transportation Services | 6/29/22 | $340,760 |
Charter Technology Solutions Llc Technology Services | 6/29/22 | $716,380 |
Charter School Business Management Financial Services | 6/29/22 | $275,243 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,011,672 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,427 |
| Noncash contributions included in lines 1a–1f | $62,790 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,041,099 |
| Total Program Service Revenue | $32,276,605 |
| Investment income | $77 |
| 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 | $39,321,336 |
| 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. | $582,931 |
| Compensation of current officers, directors, key employees. | $131,731 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,434,846 |
| Pension plan accruals and contributions | $324,093 |
| Other employee benefits | $1,203,185 |
| Payroll taxes | $933,679 |
| Fees for services: Management | $4,901,960 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $318,204 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $508,484 |
| Advertising and promotion | $943,827 |
| Office expenses | $870,488 |
| Information technology | $808,600 |
| Royalties | $0 |
| Occupancy | $6,636,354 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,136,265 |
| Insurance | $94,220 |
| All other expenses | $411,198 |
| Total functional expenses | $35,743,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,658,372 |
| Savings and temporary cash investments | $300,277 |
| Pledges and grants receivable | $2,453,635 |
| Accounts receivable, net | $280,118 |
| 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 | $175,136 |
| Net Land, buildings, and equipment | $17,247,851 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,316 |
| Total assets | $28,156,705 |
| Accounts payable and accrued expenses | $2,137,183 |
| Grants payable | $0 |
| Deferred revenue | $244,570 |
| 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 | $227,083 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,980,988 |
| Total liabilities | $19,589,824 |
| Net assets without donor restrictions | $8,566,881 |
| Net assets with donor restrictions | $0 |
| 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 | $28,156,705 |