2024-07-22T10:10:34-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2022-07-01 134186070 VILLAGE ACADEMIES NETWORK INC VILL 6468129500 35 WEST 124TH STREET NEW YORK NY 10027 CHUCK KLEIN VICE PRESIDENT OF FINANCE 6468129500 2024-07-16 1 CHUCK KLEIN XXX-XX-XXXX 1 GARRETT M HIGGINS P00543209 9143818900 2024-07-16 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X HARLEM VILLAGE ACADEMIES DEBORAH A KENNY 35 WEST 124TH STREET NEW YORK NY 10027 8195359 0 X HARLEMVILLAGEACADEMIES.ORG X 2001 NY TO IMPROVE PUBLIC EDUCATION BY DEVELOPING A MODEL PUBLIC SCHOOL SYSTEM THAT CAN BE REPLICATED. 17 17 35 26 0 0 3842848 2528728 1093170 4259434 9680 295454 -286850 0 4658848 7083616 861236 825226 0 0 2261090 5006686 0 0 645943 2409622 4050436 5531948 9882348 -873100 -2798732 57895733 54753958 13080218 12719805 44815515 42034153 X TO PROMOTE THE COMMON GOOD THROUGH THE ADVANCEMENT OF EDUCATION FOR CHILDREN IN DISADVANTAGED AND LOW INCOME COMMUNITIES; SUCH ADVANCEMENT INCLUDES RESEARCH, DEVELOPMENT, AND TRAINING ON CURRICULUM AND INSTRUCTIONAL PRACTICE, THE PROVISION OF CHARITABLE AND EDUCATIONAL SERVICES, AND THE DESIGN OF A MODEL PUBLIC SCHOOL SYSTEM. 0 0 8477245 825226 4259434 THE ORGANIZATION SUPPORTED THE NETWORK OF HARLEM VILLAGE ACADEMIES SCHOOLS THROUGH ENRICHMENT PROGRAMS, EDUCATIONAL MATERIALS, PROFESSIONAL DEVELOPMENT, TEACHER RECRUITING, CURRICULUM AND STANDARDS DEVELOPMENT, FAMILY AND COMMUNITY OUTREACH, AND OPERATIONAL SUPPORT SERVICES, INCLUDING FISCAL MANAGEMENT SUPPORT. 8477245 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 48 0 35 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X CHUCK KLEIN 6468129571 35 WEST 124TH STREET NEW YORK NY 10027 JEFFREY MAYER CHAIRMAN 1.00 X X 0 0 0 JOHN LEGEND VICE-CHAIRMAN 1.00 X X 0 0 0 JEFFREY VERSCHLEISER TREASURER/SECRETARY 1.00 X X 0 0 0 KOFI APPENTENG DIRECTOR 1.00 X 0 0 0 ROBERT BARNETT DIRECTOR 1.00 X 0 0 0 KATIE COURIC DIRECTOR 1.00 X 0 0 0 JONATHAN GRAY DIRECTOR 1.00 X 0 0 0 ELLEN HORING DIRECTOR 1.00 X 0 0 0 HUGH JACKMAN DIRECTOR 1.00 X 0 0 0 THOMAS L KEMPNER JR DIRECTOR 1.00 X 0 0 0 EDWARD LEWIS DIRECTOR 1.00 X 0 0 0 LORI MOORE DIRECTOR 1.00 X 0 0 0 JANE OCH DIRECTOR 1.00 X 0 0 0 FIONA RUDIN DIRECTOR 1.00 X 0 0 0 SAMIRA SINE DIRECTOR 1.00 X 0 0 0 JEFF WILPON DIRECTOR 1.00 X 0 0 0 MELBA WILSON DIRECTOR 1.00 X 0 0 0 DEBORAH A KENNY CHIEF EXECUTIVE OFFICER 40.00 X 696380 0 30954 HANNAH JOHNS COO THRU AUGUST 2022 40.00 X 111485 0 20490 CHARLES KLEIN VICE PRESIDENT OF FINANCE 40.00 X 228306 0 20469 PAUL LOMEDICO EXTERNAL AFFAIRS & ADMIN DIRECTOR 40.00 X 175974 0 19093 INBAR SCHWARTZ COLLEGE ALUMNI DIRECTOR 40.00 X 134701 0 17161 GAYLE AMATO EXECUTIVE ASSISTANT 40.00 X 144228 0 7482 BOBBY EDENFIELD ELEMENTARY MATHEMATICS DIRECTOR 40.00 X 137308 0 17261 ROBERT MCCLIMANS ARTS DIRECTOR 40.00 X 115548 0 29989 1743930 0 162899 12 0 1 0 LAVINIA GROUP LLC 2805 DODD RD STE 200 EAGAN MN 55121 EDUCATION CONSULTING 723615 TAURINO MANAGEMENT 67 BLACKBURN LANE DRY BRIDGE KY 41035 CONSTRUCTION 586151 4TH SECTOR SOLUTIONS INC 8550 UNITED PLAZA BLVD SUITE 601 BATON ROUGE LA 70809 FINANCIAL CONSULTING 296162 RICOH USA INC 4 WEST 109TH STREET APT 4D NEW YORK NY 10225 TECHNOLOGY CONSULTING 233916 JOE SOTO 500 WEST 43RD STREET APT 29A NEW YORK NY 10036 STUDENT ENROLLMENT CONSULTING 125000 8 2528728 112779 2528728 MANAGEMENT FEES 541610 3106402 3106402 RENTAL INCOME- SCHOOL 531120 1153032 1153032 4259434 294418 294418 1112779 1111743 1036 1036 1036 7083616 4259434 0 295454 819000 819000 6226 6226 906552 401999 459225 45328 3343037 2952180 48422 342435 127331 110324 4278 12729 352681 292121 26816 33744 277085 220083 31562 25440 3815 3030 435 350 172051 122163 35472 14416 463472 363945 55107 44420 457129 456740 215 174 201745 160242 22980 18523 194404 154411 22144 17849 171636 136326 19552 15758 39868 31058 4878 3932 138924 138924 526721 526721 969839 969839 90684 72029 10329 8326 STUDENT RECRUITING 410649 410649 STUDENT ENRICHMENT 155776 123729 17745 14302 FUNDRAISING EXPENSES 48217 48217 FOOD 2959 2959 2547 2547 9882348 8477245 759160 645943 779264 1402496 18192582 13688950 2233453 1438077 150325 0 145281 838079 9983 33603 44193523 9074252 34256761 35119271 2128084 2233482 57895733 54753958 380865 390880 573675 513755 370950 193200 10254728 10121970 1500000 1500000 13080218 12719805 X 41887770 41346076 2927745 688077 44815515 42034153 57895733 54753958 X -2798732 17370 X X 0 1 X 1 0 X 4840348 3077436 6169965 3842848 2528728 20459325 4840348 3077436 6169965 3842848 2528728 20459325 8303953 12155372 269338 183292 1775 5131 294418 753954 54848 21889 2959200 3035937 24249216 8435098 0.50130 0.48720 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 54,848. 2019 AMOUNT: $ 21,889. FORGIVENESS OF DEBT - NMTC - 2020 AMOUNT: $ 2,959,200. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6902710 6902710 33325275 8194123 25131152 3210513 240040 2970473 509013 413177 95836 246012 226912 19100 35119271 X 7183270 82284 17370 99654 7083616 0 7083616 9964632 82284 82284 9882348 0 9882348 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON LOANS RECEIVABLE 17,370. 1 HARLEM VILLAGE ACADEMY WEST CHARTER SCHOOL 35 WEST 124TH STREET NEW YORK NY 10027 223880680 501(C)(3) 409500 0 TO SUPPORT THE SCHOOL HARLEM VILLAGE ACADEMY EAST CHARTER SCHOOL 35 WEST 124TH STREET NEW YORK NY 10027 113661253 501(C)(3) 409500 0 TO SUPPORT THE SCHOOL 2 0 SCHOLARSHIPS 50 6226 PART I, LINE 2: THE ORGANIZATION PROVIDES COLLEGE SCHOLARSHIPS TO STUDENTS BASED ON ACADEMIC SUCCESS IN MIDDLE SCHOOL. THE PRINCIPALS OF THE MIDDLE SCHOOLS SELECT THE SCHOLARSHIP RECIPIENTS BASED ON ACADEMIC SUCCESS AND STUDENT ACTIVITIES. STUDENTS WHO RECEIVE SCHOLARSHIPS MUST COMPLETE FOUR YEARS OF HIGH SCHOOL AT HARLEM VILLAGE ACADEMIES AND MAINTAIN ACADEMIC SUCCESS. PAYMENTS ARE MADE DIRECTLY TO THE COLLEGE FOR TUITION, ROOM AND BOARD. X 1 1 X X X 0 0 0 0 0 0 0 1 0 DEBORAH A KENNY CHIEF EXECUTIVE OFFICER 346630 0 324750 0 25000 0 12200 0 18754 0 727334 0 0 0 CHARLES KLEIN VICE PRESIDENT OF FINANCE 228306 0 0 0 0 0 9260 0 11209 0 248775 0 0 0 PAUL LOMEDICO EXTERNAL AFFAIRS & ADMIN DIRECTOR 175974 0 0 0 0 0 7120 0 11973 0 195067 0 0 0 BOBBY EDENFIELD ELEMENTARY MATHEMATICS DIRECTOR 137308 0 0 0 0 0 5540 0 11721 0 154569 0 0 0 INBAR SCHWARTZ COLLEGE ALUMNI DIRECTOR 134701 0 0 0 0 0 5430 0 11731 0 151862 0 0 0 GAYLE AMATO EXECUTIVE ASSISTANT 144228 0 0 0 0 0 6010 0 1472 0 151710 0 0 0 PART I, LINE 1A THE CHIEF EXECUTIVE OFFICER RECEIVES A $25,000 HOUSING ALLOWANCE PER YEAR IN EQUAL INSTALLMENTS. THE AMOUNT IS REPORTED IN PART II, COLUMN (B)(III). PART I, LINE 7 THE ORGANIZATION PAID PERFORMANCE BASED BONUSES IN 2022, WHICH WERE INCLUDED IN THE EMPLOYEES W-2. DEBORAH A KENNY CEO LIFE INSURANCE X 838079 838079 0 1 1 838079 SCHEDULE L, PART II: THE CEO IS A PARTICIPANT IN A SPLIT-DOLLAR INSURANCE PLAN. THE CEO IS THE OWNER OF THE POLICY UTILIZED IN THE ARRANGEMENT, AND THE ORGANIZATION SHALL RECEIVE REPAYMENT OF ALL PREMIUM LOANS, INCLUDING INTEREST, IN ACCORDANCE WITH THE PLAN DOCUMENTS. FOR TAX PURPOSES, THE PREMIUMS ARE TREATED AS NONRECOURSE SPLIT-DOLLAR LOANS UNDER 26 CFR 1.7872-15. THE OBLIGATION OF THE CEO TO REPAY THE ORGANIZATION IS A NON-RECOURSE OBLIGATION. THE ORGANIZATION MAY ONLY RECOVER AMOUNTS DUE FROM THE POLICIES. X 2 112779 AVG. SELLING PRICE 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN COLUMN (B). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. UPON APPROVAL, A COMPLETE COPY OF THE RETURN IS DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY APPLICABLE TO ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES (IF ANY). ANY POTENTIAL OR ACTUAL CONFLICT OF INTEREST IS REQUIRED TO BE PROMPTLY DISCLOSED IN GOOD FAITH IN WRITING TO EACH MEMBER OF THE BOARD, TOGETHER WITH ALL MATERIAL FACTS KNOWN TO SUCH DIRECTOR, OFFICER OR EMPLOYEE WITH RESPECT TO AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST. ALL POTENTIAL OR ACTUAL CONFLICTS OF INTEREST ARE REVIEWED BY THE BOARD. ANY DIRECTOR, OFFICER OR EMPLOYEE TO WHICH THE POTENTIAL OR ACTUAL CONFLICT OF INTEREST RELATES MUST LEAVE THE ROOM WHILE DELIBERATIONS ARE CONDUCTED. ANY MATTER INVOLVING AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST IS APPROVED BY A MAJORITY VOTE OF THE BOARD MEMBERS PRESENT AND VOTING AT THE MEETING; PROVIDED THAT THE DIRECTOR TO WHICH THE POTENTIAL OR ACTUAL CONFLICT OF INTEREST RELATES IS NOT BE PERMITTED TO VOTE. DISCUSSIONS AND DECISIONS REGARDING CONFLICTS OF INTEREST ARE CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD MINUTES. PRIOR TO THE INITIAL ELECTION OR APPOINTMENT OF A DIRECTOR TO THE BOARD, AND THEREAFTER ON AN ANNUAL BASIS, ALL DIRECTOR, IN ADDITION TO ALL OFFICERS AND EMPLOYEES, ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. EACH DIRECTOR, OFFICER AND EMPLOYEE MUST ALSO ANNUALLY SIGN AND SUBMIT TO THE BOARD SECRETARY A STATEMENT WHICH AFFIRMS SUCH PERSON: (A) HAS RECEIVED A COPY OF THE POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, AND (C) HAS AGREED TO COMPLY WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER, CHIEF OPERATING OFFICER, AND VICE PRESIDENT OF FINANCE WAS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. AN INDEPENDENT COMPENSATION CONSULTANT AND REVIEW OF COMPARABILITY DATA, INCLUDING THE FORMS 990 OF SIMILARLY SITUATED NON-PROFIT ORGANIZATIONS, WAS UTILIZED IN DETERMINING COMPENSATION. THE PROCESS WAS LAST CONDUCTED IN 2022 AND WAS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART XI, LINE 9: GAIN ON LOANS RECEIVABLE 17,370. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A FINANCE COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, AMENDED THE 990 WAS AMENDED TO UPDATE COMPENSATION INFORMATION: 990 PART VII, SECTION A COLUMN (F) UPDATED. SCHEDULE I, PART III, COLUMN (B). SCHEDULE J, PART II HVA 125 LLC C/O 35 WEST 124TH STREET NEW YORK NY 10027 270412844 TO DEVELOP AND HOLD A REAL PROPERTY ASSET (HIGH SCHOOL FACILITY). NY 0 7028805 VILLAGE ACADEMIES NETWORK INC HVA 124 LLC C/O 35 WEST 124TH STREET NEW YORK NY 10027 TO DEVELOP AND HOLD A REAL PROPERTY ASSET (ELEMENTARY SCHOOL FACILITY). NY 1153032 27305428 VILLAGE ACADEMIES NETWORK INC HVA 60 WEST LLC C/O 35 WEST 124TH STREET NEW YORK NY 10027 TO DEVELOP AND HOLD A REAL PROPERTY ASSET (GRADUATE SCHOOL FACILITY 1). NY 0 3708749 VILLAGE ACADEMIES NETWORK INC HVA 126 LLC C/O 35 WEST 124TH STREET NEW YORK NY 10027 TO PAY PREMIUMS ON ONE OR MORE LIFE INSURANCE POLICIES. NY 32571 838079 VILLAGE ACADEMIES NETWORK INC HVA 2011 LLC C/O 35 WEST 124TH STREET NEW YORK NY 10027 TO DEVELOP AND HOLD A REAL PROPERTY ASSET (GRADUATE SCHOOL FACILITY 2). NY 0 0 VILLAGE ACADEMIES NETWORK INC