Zeta Charter Schools - New York City
- Assets
- $8.3m
- Revenue
- $24.0m
- Investments
- $0.0
- Employees
- 128
- Location
- Bronx, NY
- Founding
- 08/2018
- Data as of
- 06/2021
- 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 06/2021, Zeta Charter Schools - New York City employed 128 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 06/2021, Zeta Charter Schools - New York City generated $24.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 38.4% each year . All expenses for the organization totaled $19.3m during the year ending 06/2021. While expenses have increased by 27.2% per year over the past 3 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
2021
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 |
|---|---|---|---|
Amanda Simmons Principal | Officer | 50 | $104,529 |
Tamika Tretu Principal | Officer | 50 | $88,533 |
Grace Bodenmann Associate Academic Director | Officer | 50 | $84,678 |
Meghan Daly Principal | Officer | 50 | $57,550 |
Kimberley Schacht Principal | Officer | 50 | $51,697 |
Jenny Sedlis Chairperson | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zeta Charter Schools Inc Management Services | 6/29/21 | $6,179,547 |
Charter School Business Management Inc Financial Services | 6/29/21 | $298,022 |
Tener Contracting Llc Building Repair | 6/29/21 | $341,243 |
Revolution Foods Inc Meal Services | 6/29/21 | $262,079 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,647,597 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,518 |
| Noncash contributions included in lines 1a–1f | $49,313 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,675,115 |
| Total Program Service Revenue | $19,367,652 |
| Investment income | $80 |
| 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 | $24,042,847 |
| 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. | $563,820 |
| Compensation of current officers, directors, key employees. | $34,862 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,336,405 |
| Pension plan accruals and contributions | $119,328 |
| Other employee benefits | $767,051 |
| Payroll taxes | $595,307 |
| Fees for services: Management | $2,918,153 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $355,207 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $305,133 |
| Advertising and promotion | $692,041 |
| Office expenses | $351,244 |
| Information technology | $480,484 |
| Royalties | $0 |
| Occupancy | $3,931,080 |
| Travel | $1,965 |
| 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 | $478,832 |
| Insurance | $0 |
| All other expenses | $60,361 |
| Total functional expenses | $19,250,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,185,043 |
| Savings and temporary cash investments | $200,201 |
| Pledges and grants receivable | $2,889,660 |
| Accounts receivable, net | $83,468 |
| 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 | $217,752 |
| Net Land, buildings, and equipment | $1,674,403 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,523 |
| Total assets | $8,294,050 |
| Accounts payable and accrued expenses | $924,524 |
| Grants payable | $0 |
| Deferred revenue | $35,110 |
| 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 | $555,579 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,789,422 |
| Total liabilities | $3,304,635 |
| Net assets without donor restrictions | $4,989,415 |
| 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 | $8,294,050 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Zeta Charter Schools - New York City has recieved totaling $100,018.
| Awarding Organization | Amount |
|---|---|
Center For Education Reform Washington, DC PURPOSE: SUPPORT BEST IN CLASS EDUCATION PROVIDERS | $100,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mastery Charter High School Philadelphia, PA | $43,740,057 | $52,618,647 |
Public Prep Charter School Academies Bronx, NY | $28,993,375 | $52,903,915 |
Achievement First Inc New Haven, CT | $52,811,061 | $64,422,955 |
Explore Excel Charter School Brooklyn, NY | $21,686,253 | $46,865,700 |
Brooklyn Prospect Charter School Brooklyn, NY | $14,747,543 | $42,286,541 |
Little Red School House Inc New York, NY | $50,588,811 | $36,915,940 |
Philadelphia Performing Arts A String Theory Charter School Philadelphia, PA | $27,708,411 | $43,176,770 |
True North Rochester Preparatorycharter School Rochester, NY | $31,478,453 | $41,687,630 |
Classical Charter Schools Bronx, NY | $15,984,342 | $34,614,781 |
Bronx Charter School For Excellence Bronx, NY | $63,378,035 | $40,736,120 |
Avon Grove Charter School West Grove, PA | $50,579,082 | $34,467,872 |
Science Academies Of New York Charter Schools Syracuse, NY | $37,462,091 | $36,615,185 |