2025-05-13T13:38:25-05:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2023-07-01 237112974 HARLEM CHILDREN'S ZONE INC HARL 2123603255 35 EAST 125TH STREET NEW YORK NY 10035 JOHN MACAPAGAL CONTROLLER 2123603255 2025-05-13 1 0 SCOTT THOMPSETT P00741490 2125990100 2023 2025-03-06 01:10:19Z KWAME OWUSU-KESSE 35 EAST 125TH STREET NEW YORK NY 10035 192399594 0 X WWW.HCZ.ORG X 1970 NY WE ENHANCE THE LIFE FOR CHILDREN AND FAMILIES IN SOME OF NYC'S MOST DEVASTATED NEIGHBORHOODS. 17 15 1768 0 0 0 98304023 93324113 0 0 -14439 477819 3504054 4436379 101793638 98238311 8306521 10066172 0 0 62447528 67523265 0 0 2146274 46582754 56283381 117336803 133872818 -15543165 -35634507 1061049927 1169419286 193835790 185882820 867214137 983536466 X SEE SCHEDULE OHCZ BREAKS THE CYCLE OF INTERGENERATIONAL POVERTY WITH ON-THE-GROUND, ALL-AROUND PROGRAMMING THAT BUILDS UP OPPORTUNITIES FOR CHILDREN, FAMILIES, AND COMMUNITIES TO THRIVE IN SCHOOL, WORK AND LIFE.FROM EARLY CHILDHOOD, EDUCATION, AND CAREER PROGRAMS TO COMMUNITY OUTREACH AND WELLNESS INITIATIVES, HCZ OPENS PATHWAYS TO MOBILITY AND PROSPERITY.HCZ LEADS THE WAY FOR COMMUNITIES AROUND THE COUNTRY, IMPROVING THE LIVES AND LIVELIHOODS OF MILLIONS. TOGETHER WITH OUR PARTNERS, WE'RE TRANSFORMING THE WAY WE ROOT OUT POVERTY IN NEIGHBORHOODS ACROSS THE NATION AND AROUND THE WORLD. 0 0 54371492 3281573 0 SEE SCHEDULE OHCZ PROMISE ACADEMY CHARTER SCHOOLSAT PROMISE ACADEMY A TOP-PERFORMING K-12 CHARTER SCHOOL WITHIN HCZ'S CRADLE-TO-CAREER PATHWAY OF SERVICES WE PROMISE TO DO WHATEVER IT TAKES TO GET OUR SCHOLARS TO AND THROUGH COLLEGE. EVERYTHING WE DO FROM QUALITY INSTRUCTION TO EXCEPTIONAL EXTRACURRICULAR ACTIVITIES TO HEALTHY, HOME-COOKED MEALS IS DESIGNED TO KEEP THAT PROMISE.SINCE THE OPENING OF HCZ PROMISE ACADEMY I IN 2004 AND HCZ PROMISE ACADEMY II IN 2005, WE'VE MADE AN ENORMOUS IMPACT ON OUR YOUNG PEOPLE. WE'VE ENROLLED NEARLY 100% OF OUR SCHOLARS IN COLLEGE; WE'VE CLOSED THE BLACK-WHITE ACHIEVEMENT GAP; AND WE'VE HELPED OUR GRADUATES BUILD SUCCESSFUL CAREERS AND BECOME CONSCIENTIOUS CITIZENS.EDUCATION AND YOUTH PROGRAMSPEACEMAKERSPEACEMAKERS PARTNERS WITH HARLEM'S PUBLIC ELEMENTARY AND MIDDLE SCHOOLS TO HELP UNLOCK THAT POTENTIAL IN ALL STUDENTS.A CUT ABOVEA CUT ABOVE (ACA) IS AN AFTER-SCHOOL PROGRAM FOR SCHOLARS IN GRADES K-8 THAT CULTIVATES A CULTURE OF EXCELLENCE THROUGH PERSONAL AND SOCIAL DEVELOPMENT, ACADEMIC SUPPORT, HEALTH AND WELLNESS, STEM AND ARTS ENRICHMENTS, AND COMMUNITY SERVICE.ACADEMY OF ARTS AND CIVIC ENGAGEMENTACADEMY OF ARTS AND CIVIC ENGAGEMENT (ACE) IS AN AFTER-SCHOOL PROGRAM FOR HIGH SCHOOL SCHOLARS THAT PREPARES THEM FOR CAREERS IN THE ARTS. SCHOLARS GAIN CAREER-READY SKILLS, REAL-WORLD EXPERIENCE, AND A NETWORK OF PROFESSIONAL CONTACTS. EMPLOYMENT AND TECHNOLOGY CENTER EMPLOYMENT AND TECHNOLOGY CENTER (ETC) IS AN AFTER-SCHOOL PROGRAM FOR HIGH SCHOOL SCHOLARS THAT PREPARES THEM FOR CAREERS IN STEM AND TECHNICAL ARTS AREAS. SCHOLARS GAIN CAREER-READY SKILLS, REAL-WORLD EXPERIENCE, AND A NETWORK OF PROFESSIONAL CONTACTS.COUNTEE CULLEN COMMUNITY CENTER COUNTEE CULLEN COMMUNITY CENTER (CCCC) IS AN AFTER-SCHOOL PROGRAM FOR HIGH SCHOOL SCHOLARS THAT PREPARES THEM FOR CAREERS IN BROADCASTING AND MEDIA ARTS. SCHOLARS GAIN CAREER-READY SKILLS, REAL-WORLD EXPERIENCE, AND A NETWORK OF PROFESSIONAL CONTACTS. 11899245 3165991 0 SEE SCHEDULE OCOLLEGE AND CAREER PROGRAMSCOLLEGE SUCCESS OFFICEOUR SCHOLARS MAY LEAVE THE ZONE TO GO TO COLLEGE, BUT THE ZONE NEVER LEAVES THEM. COLLEGE SUCCESS OFFICE (CSO) EMPOWERS OUR SCHOLARS TO SUCCEED IN COLLEGE AND EARN THEIR DEGREES SO THEY CAN EMBARK ON FRUITFUL CAREERS AND PAVE THE PATH TO SOCIAL AND ECONOMIC MOBILITY.WHEN SCHOLARS GET INTO COLLEGE, THEY GET THE HELP THEY NEED TO PERSIST THROUGH THEIR POST-SECONDARY JOURNEY. OUR COLLEGE SUCCESS OFFICE SERVICES INCLUDE: -ONE-ON-ONE COACHING -ACADEMIC, EMOTIONAL, AND FINANCIAL SUPPORT -CHECK INS WITH SCHOLARS TO ENSURE THEY'RE PROGRESSING ALONG THEIR COLLEGE JOURNEY -VISITS FROM CSO STAFF TO HELP SCHOLARS ESTABLISH AND MAINTAIN RELATIONSHIPS WITH CAMPUS AND COMMUNITY LIAISONS CURRENTLY, HCZ HAS OVER 900+ SCHOLARS MATRICULATED IN COLLEGE AND OVER 1,300 SCHOLARS HAVE GRADUATED SINCE 2011. 10237284 138918 0 SEE SCHEDULE O EARLY CHILDHOODTHE BABY COLLEGETHE BABY COLLEGE PROMOTES THE HEALTH AND SUCCESS OF NEWBORNS AND TODDLERS THROUGH A NINE-WEEK WORKSHOP SUPPORTING NEW AND EXPECTANT PARENTS AND CAREGIVERS THROUGH THE INS AND OUTS OF EARLY CHILDHOOD DEVELOPMENT.THE BABY COLLEGE G.R.A.D.S. EARLY HEAD STARTTHE BABY COLLEGE G.R.A.D.S. (GUARDIANS RESPONDING AND DEVELOPING STRATEGIES) EARLY HEAD START IS A YEAR-ROUND, HOME-VISITING PROGRAM THAT EMPOWERS EXPECTANT MOTHERS TO DEEPEN THEIR UNDERSTANDING OF EARLY CHILDHOOD DEVELOPMENT AND STRENGTHEN PARENT-CHILD RELATIONSHIPS.THE THREE-YEAR-OLD JOURNEYTHE THREE-YEAR-OLD JOURNEY PROVIDES LOTTERY WINNERS OF HCZ'S PROMISE ACADEMY CHARTER SCHOOLS WITH THE OPPORTUNITY TO CONTINUE TO LEARN, GROW, AND NURTURE FRIENDSHIPS IN THE LEAD UP TO THEIR ADMISSION TO PROMISE ACADEMY.HARLEM GEMSHARLEM GEMS PRESCHOOLS EMPOWER OUR YOUNGEST SCHOLARS TO SUCCEED IN K-12 AND BEYOND BY BUILDING A STRONG ACADEMIC FOUNDATION AND STARTING THEM ON THE PATH TO COLLEGE AND CAREER. 29799186 3479690 0 HEALTHY AND COMMUNITY PROGRAMSCENTRAL HARLEM IS ENRICHED WITH COMMUNITY MEMBERS STEEPED IN RICH, UNIQUE, AND PROUD HISTORY. WE ARE AT OUR BEST WHEN THE PEOPLE OF HARLEM HAVE ECONOMIC OPPORTUNITY AND ACCESS TO THE TOOLS AND SYSTEMS THAT SUPPORT THEIR WELLBEING IN EVERY SENSE.TO BUILD UP OPPORTUNITIES AND ACCESS FOR OUR COMMUNITY, WE HAVE CREATED A BROAD OFFERING OF PROGRAMS AND SERVICES THAT CREATE PATHWAYS TO SELF-SUFFICIENCY, PERSONAL GROWTH, AND PHYSICAL, MENTAL, AND EMOTIONAL HEALTH. WE ALSO LOOK FOR EVERY OPPORTUNITY TO STRENGTHEN THE FOUNDATIONS OF OUR NEIGHBORHOODS. TO US, THIS MEANS CREATING OPPORTUNITIES FOR COMMUNITY MEMBERS TO COME TOGETHER, LEARN FROM AND WITH EACH OTHER, SOCIALIZE AND HAVE FUN, AND SUPPORT THE BROADER COMMUNITY. THE FOLLOWING COMMUNITY PROGRAMS ARE AVAILABLY TO OUR STUDENTS: COMMUNITY PRIDECOMMUNITY PRIDE IS A PROGRAM OF GRASSROOTS, BOOTS-ON-THE-GROUND CONNECTORS, COMMUNITY BUILDERS, AND PROBLEM SOLVERS DEVOTED TO EMPOWERING INDIVIDUALS AND THE COMMUNITY-AT-LARGE.HEALTHY HARLEMHEALTHY HARLEM IS EMPOWERING A CULTURE OF HEALTH IN CENTRAL HARLEM BY HELPING THOUSANDS OF CHILDREN AND FAMILIES LEARN HOW TO TAKE BETTER CARE OF THEMSELVES, MAKE THOUGHTFUL CHOICES, AND ESTABLISH LIFELONG HEALTHY HABITS.THE HCZ ARMORYTHE HCZ ARMORY IS A MULTI-PURPOSE, COMMUNITY WELLNESS CENTER COMMITTED TO EMPOWERING A CULTURE OF HEALTH AND WELLNESS IN CENTRAL HARLEM.NATIONAL LEADERSHIP PROGRAMSPRACTITIONERS INSTITUTEPRACTITIONERS INSTITUTE HELPS ORGANIZATIONS ACROSS THE U.S. AND THE WORLD IMPLEMENT COMPREHENSIVE, PLACE-BASED SOLUTIONS DEVELOPED AT HARLEM CHILDREN'S ZONE IN THEIR COMMUNITIES. HEALTHY WAYS REPLICATIONINSPIRED BY HEALTHY HARLEM, HEALTHY WAYS IS A NATIONAL PROGRAM THAT CHAMPIONS HEALTHY HABITS AND LIFESTYLES FOR CHILDREN AND FAMILIES BY PROVIDING ENGAGING PROGRAMS FOCUSED ON NUTRITION AND PHYSICAL ACTIVITY.WEALTH BUILDSWEALTH BUILDS SEEKS TO CLOSE THE RACIAL WEALTH GAP AND OPENS PATHWAYS TO SOCIAL AND ECONOMIC MOBILITY BY EMPOWERING OUR SCHOLARS WITH THE EDUCATION AND RESOURCES TO BUILD SUCCESSFUL FINANCIAL FUTURES.WILLIAM JULIUS WILSON INSTITUTE WILLIAM JULIUS WILSON INSTITUTE IS A NATIONAL RESOURCE FOR PLACE-BASED, PEOPLE-FOCUSED SOLUTIONS THAT OPEN PATHWAYS TO SOCIAL AND ECONOMIC MOBILITY. 29799186 3479690 0 106307207 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 32 0 1 1768 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X JOHN MACAPAGAL 2123603255 35 EAST 125TH STREET NEW YORK NY 10035 KWAME OWUSU-KESSE CEO 40.00 4.00 X X 918740 0 247633 GEOFFREY CANADA PRESIDENT 40.00 4.00 X X 735183 0 217633 STANLEY F DRUCKENMILLER CHAIRMAN EMERITUS (NON-VOTING) 1.00 4.00 X X 0 0 0 KEITH MEISTER CHAIRMAN 1.00 4.00 X X 0 0 0 STEPHANIE COLEMAN VICE CHAIR 1.00 0.00 X X 0 0 0 MITCH KURZ TREASURER 1.00 4.00 X X 0 0 0 MATTHEW C BLANK SECRETARY 1.00 0.00 X X 0 0 0 DOUG BUCKMINSTER BOARD MEMBER 1.00 0.00 X 0 0 0 ALEXANDER Z COHEN BOARD MEMBER 1.00 0.00 X 0 0 0 DON K CORNWELL BOARD MEMBER 1.00 0.00 X 0 0 0 ANITA ELBERSE BOARD MEMBER 1.00 0.00 X 0 0 0 BRIAN HIGGINS BOARD MEMBER 1.00 0.00 X 0 0 0 MARK KINGDON BOARD MEMBER 1.00 0.00 X 0 0 0 PHILIPPE LAFFONT BOARD MEMBER 1.00 0.00 X 0 0 0 KENNETH G LANGONE BOARD MEMBER (NON-VOTING) 1.00 4.00 X 0 0 0 ERIC W MANDELBLATT BOARD MEMBER 1.00 0.00 X 0 0 0 BENITA MELTON BOARD MEMBER (AS OF 10/2023) 1.00 0.00 X 0 0 0 ZACHARY J SCHREIBER BOARD MEMBER 1.00 0.00 X 0 0 0 ASHOK VARADHAN BOARD MEMBER 1.00 0.00 X 0 0 0 NANA A ANNAN COO (THRU 07/2023) 40.00 4.00 X 405575 0 122381 RALPH STEFANO INTERM CFO (AS OF 02/2024) 2.00 42.00 X 0 0 0 CONNOR FOURNIER CFO (THRU 02/2024) 40.00 4.00 X 396584 0 87393 JAZMINE LEWIS CHIEF STRATEGY OFFICER 40.00 0.00 X 428346 0 109619 CHRISTIAN RHODES DEPUTY EXECUTIVE DIRECTOR 40.00 0.00 X 307981 0 22339 JENNIFER KLEIN CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 367720 0 110128 STEPHANIE C LILAVOIS CHIEF COMMUNICATIONS OFFICER 40.00 0.00 X 282887 0 98168 MICHAEL POHLY CHIEF INVESTMENT OFFICER 40.00 0.00 X 171021 0 63643 JUSTIN MAKER SR. MANAGING DIR, HR (THRU 01/2024) 40.00 0.00 X 365901 0 42017 TIFFANY FOUNTAIN SENIOR ADVISOR 40.00 0.00 X 248056 0 50688 LINDA N IBUZOR CONTROLLER 40.00 0.00 X 248950 0 42735 GREGORY FORBES MANAGING DIRECTOR, ECONOMIC MOBILITY 40.00 0.00 X 250454 0 69800 LIAM MCCARTHY MANAGING DIRECTOR, DEVELOPMENT 40.00 0.00 X 239441 0 33617 SERINA MOYA MGN DIRECTOR, HCZ K-12 AFTERSCHOOL 40.00 0.00 X 236539 0 27135 5603378 0 1344929 67 0 1 0 MCKINSEY & COMPANY INC 9 CANAL STREET WESPORT CT 06880 STRATEGIC CONSULTING SERVICES 950000 THE BRIDGESPAN GROUP 2 COPLEY PLACE SUITE 37008 BOSTON MA 02116 STRATEGIC CONSULTING SERVICES 740711 SKADDEN ARPS SLATE MEAGHER & FLOM LLP PO BOX 1764 WHITE PLAINS NY 10602 LEGAL SERVICES 630260 SOROBAN CAPITAL PARTNERS LP 55 W 46TH STREET 32ND FL NEW YORK NY 10036 INVESTMENT MANAGEMENT 613360 FENTON COMMUNICATIONS INC 1010 VERMONT AVENUE NW SUITE 1100 WASHINGTON DC 20005 TELECOMMUNICATION SERVICES 402500 35 11942824 4015553 77365736 1246772 93324113 1294103 1294103 4201157 0 4201157 4201157 4201157 92911911 93728195 -816284 -816284 -816284 423950 11942824 433088 -9138 -9138 MISCELLANEOUS REVENUE 900099 244360 244360 244360 98238311 0 0 4914198 4198822 4198822 5867350 5867350 2933517 2488890 360165 84462 52512536 44553310 6447279 1511947 2696326 2146603 462376 87347 4631254 3789840 664232 177182 4749632 4121208 511156 117268 1448331 1448331 394357 394357 120000 120000 8291201 8291201 11338085 10312003 1003982 22100 649997 31250 618747 307433 291882 14802 749 3015805 2286332 721119 8354 15223887 13758276 1446146 19465 2134905 2102669 31436 800 2871199 1956884 914315 1008541 1008541 FOOD 2170598 2093448 55811 21339 PRINTING, PUBLICATIONS 2128499 1987240 117443 23816 EQUIPMENT RENT & MAINT. 1264089 1099410 160942 3737 UTILITIES 912364 670006 237126 5232 3004090 2431784 509830 62476 133872818 106307207 25419337 2146274 181480 166357 141046547 69712286 44288681 32938605 567614 1081232 3241572 3705929 186977529 64863145 123136124 122114384 24671875 18415575 633469055 836734542 90446979 84550376 1061049927 1169419286 12543504 14202625 56791351 54959372 124500935 116720823 193835790 185882820 X 779147081 903489679 88067056 80046787 867214137 983536466 1061049927 1169419286 X -35634507 151721708 235128 X 0 1 X 1 1 1 X 132870565 170129289 132954468 98304023 93324113 627582458 132870565 170129289 132954468 98304023 93324113 627582458 190383271 437199187 2226865 2044800 2106144 3569504 5495260 15442573 146262 120929 126806 277875 668310 1340182 644365213 0.67850 0.61380 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 146,262. 2020 AMOUNT: $ 120,929. 2021 AMOUNT: $ 44,441. 2022 AMOUNT: $ 109,830. 2023 AMOUNT: $ 244,360. SPECIAL EVENTS GROSS INCOME - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 82,365. 2022 AMOUNT: $ 168,045. 2023 AMOUNT: $ 423,950. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 207379 207379 0 PART II-B, LINE 1: THE HARLEM CHILDREN'S ZONE ENGAGED THE SERVICES OF A LOBBYING FIRM RELATED TO THE PASSAGE OF THE ENOUGH ACT IN MARYLAND. THE ENOUGH ACT USES PLACE-BASED INTERVENTIONS IN COMMUNITIES WITH DISPROPORTIONATELY HIGH NUMBERS OF CHILDREN LIVING IN POVERTY (RURAL, SUBURBAN AND URBAN) - A CAUSE THAT ALIGNS WITH HARLEM CHILDREN'S ZONE PRINCIPAL EXEMPT PURPOSE. IN ADDITION, CERTAIN HARLEM CHILDREN ZONE EMPLOYEES SPENT A PORTION OF THEIR TIME ON LOBBYING ACTIVITIES; THE ORGANIZATION HAS IDENTIFIED $87,379 IN ALLOCABLE SALARY COSTS THAT IT IS REPORTING IN SCHEDULE C, PART II-B, LINE 1(I) (ALONG WITH THE $120,000 PAID TO THE CONSULTING FIRM). 713607572 8090526 132703097 854401195 674989402 25063938 13712517 158285 713607572 722588827 9046282 -56471453 174254 674989402 479261830 6205140 237121857 722588827 451742985 2586204 25052776 120135 479261830 0.98166 0.01834 0.00000 0 0 14156007 14156007 133831264 44696711 89134553 16568398 11772440 4795958 7877652 5829631 2048021 14544208 2564363 11979845 122114384 ALTERNATIVE INVESTMENTS 824258100 F ALT. INVESTMENT REDEMPTION 12476442 F 836734542 RIGHT OF USE ASSETS - OPERATING LEASE 84550376 84550376 DEFERRED COMPENSATION PAYABLE 6178309 DUE TO RELATED PARTY 6815396 REFUNDABLE ADVANCES 16756629 OPERATING RIGHT-OF-USE LEASE LIABILITY 86970489 116720823 X 242711434 151721708 807488 235128 152764324 89947110 8291201 8291201 98238311 126389105 807488 807488 125581617 8291201 8291201 133872818 PART X, LINE 2: HCZ FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. HCZ IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED BUSINESS INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT WAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. IN ADDITION, THE ORGANIZATION HAS NOT RECORDED A PROVISION FOR INCOME TAXES AS IT HAS NO MATERIAL TAX LIABILITY FROM UNRELATED BUSINESS INCOME ACTIVITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCREASE IN VALUATION OF DONATED GOLD COINS 235,128. SCHEDULE D, PART V: ENDOWMENTS HARLEM CHILDREN'S ZONE'S ENDOWMENTS ARE INTENDED TO SUPPORT THE ORGANIZATION'S SOCIAL, CULTURAL AND EDUCATIONAL PROGRAMS (AS DESCRIBED IN PART III OF THE FORM 990) AND TO FUND A TAX-DEFERRED EMPLOYEE SAVINGS PLAN. HCZ HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING WHILE SEEKING TO MAINTAIN THE EARNINGS POWER OF THE ENDOWMENT ASSETS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS 835242543 0 0 0 0 0 0 835242543 0 835242543 1 0 1 1 1 0 FORM 990, SCHEDULE F HARLEM CHILDREN'S ZONE INVESTS DIRECTLY IN A VARIETY OF ALTERNATIVE INVESTMENTS. THESE ALTERNATIVE INVESTMENTS ARE EITHER DOMICILED IN THE UNITED STATES AS LIMITED PARTNERSHIPS OR IN FOREIGN JURISDICTIONS AS CORPORATIONS OR PARTNERSHIPS. BY VIRTUE OF ITS OWNERSHIP IN THESE INVESTMENTS, HARLEM CHILDREN'S ZONE MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. TO THE EXTENT THAT HARLEM CHILDREN'S ZONE IS REQUIRED TO COMPLETE A FORM 926, 5471, 8621 OR 8865 BECAUSE ITS INVESTMENT EXCEEDS THE FILING THRESHOLD, THOSE FORMS HAVE BEEN ATTACHED TO THE ORGANIZATION'S FORM 990-T FILING. AWARD DINNER 12366774 11942824 423950 281458 974 59793 90863 12366774 11942824 423950 281458 974 59793 90863 433088 -9138 1 HARLEM CHILDREN'S ZONE PROMISE ACADEMY I 245 WEST 129TH STREET NEW YORK NY 10027 760756768 501(C)(3) 2727608 0 SUPPORT FOR ACADEMY'S EDUCATIONAL CURRICULUM HARLEM CHILDREN'S ZONE PROMISE ACADEMY II 35 EAST 125TH STREET NEW YORK NY 10035 342049530 501(C)(3) 1471214 0 SUPPORT FOR ACADEMY'S EDUCATIONAL CURRICULUM 2 0 EDUCATIONAL STIPENDS 2100 2154602 HCZ HARDSHIP ASSISTANCE 934 1380552 SCHOLARSHIPS 906 2332196 SCHEDULE I, PART III: THE NEED IN CENTRAL HARLEM: CHILDREN IN CENTRAL HARLEM TYPICALLY FACE MULTIPLE CHALLENGES TO THEIR SUCCESS: FAILING SCHOOLS, INADEQUATE HEALTH CARE, LACK OF SAFE PLACES TO SPEND OUT-OF-SCHOOL TIME, AND THE THREAT OF PHYSICAL VIOLENCE. NUMEROUS STUDIES HAVE DOCUMENTED THE OBSTACLES TO SUCCESS FOR LOW-INCOME STUDENTS, PARTICULARLY THOSE OF COLOR. A BLACK BOY BORN IN 2001 HAS A ONE IN THREE CHANCE OF GOING TO PRISON IN HIS LIFETIME. ONE STUDY FOUND THAT, BY THE AGE OF THREE, CHILDREN IN POOR FAMILIES WERE EXPOSED TO 30 MILLION FEWER WORDS THAN CHILDREN IN HIGH-INCOME HOMES. TO ADDRESS THE MULTITUDE OF CHALLENGES OUR KIDS FACE, HARLEM CHILDREN'S ZONE HAS CREATED A FREE, HOLISTIC, CRADLE-TO-CAREER PIPELINE OF SUPPORTS AND SERVICES TO ENSURE THAT CHILDREN REACH THEIR POTENTIAL AT EACH STAGE OF THEIR DEVELOPMENT. IN ADDITION TO WORKING WITH THE CHILDREN THROUGHOUT THEIR FORMATIVE YEARS, WE WORK TO STRENGTHEN THE FAMILIES AND COMMUNITY AROUND THEM. WE WORK TO ADDRESS ALL THE BARRIERS TO OUR CHILDRENS' SUCCESS. IN ADDITION TO OUR PRIMARY FOCUS ON ACADEMICS, WE CONSIDER THE WHOLE CHILD, OFFERING EXPOSURE TO THE ARTS AND CULTURE, COMMUNITY SERVICE, REGULAR PHYSICAL EXERCISE, AND NUTRITION WORKSHOPS TO HELP DEVELOP LIFE-LONG HEALTHY HABITS. WE ALSO HELP DEVELOP THEIR NON-COGNITIVE SKILLS, SUCH AS PERSISTENCE AND RESILIENCE, AND ADDRESS ANY SOCIAL AND EMOTIONAL NEEDS. TO HELP ENSURE OUR HIGH-SCHOOL STUDENTS REMAIN ENGAGED IN OUR PROGRAMS, WE OFFER THEM THE OPPORTUNITY TO EARN STIPENDS. THE STIPENDS RELIEVE SOME OF THE FINANCIAL STRESS ON CHILDREN AND THEIR FAMILIES, SO CHILDREN DO NOT NEED TO CHOOSE BETWEEN ENRICHING ACTIVITIES AND TAKING ON A PART-TIME JOB. THE STIPENDS ARE DESIGNED TO BE A PRE-EMPLOYMENT MODEL SO THAT STUDENTS BEGIN TO LEARN THE WORKPLACE STANDARD OF GETTING REWARDS FOR HARD WORK. THE STIPEND AMOUNTS ARE BASED ON PARTICIPATION AND DISTRIBUTED TWICE A MONTH. THE SECOND PROGRAM ON SCHEDULE I IS A HARDSHIP ASSISTANCE/INCENTIVE PROGRAM THAT OFFERS DIFFERENT TYPES OF AID DEPENDING ON THE NEEDS OF THE INDIVIDUAL. THE CHILDREN AND FAMILIES WE SERVE ARE AMONG THE MOST DISENFRANCHISED AND HAVE FEW RESOURCES OF THEIR OWN. FOR THAT REASON, HCZ SETS ASIDE FUNDS FOR SPECIAL CLIENT SERVICES TO DEAL WITH FAMILIES' SHORT-TERM CRISES, AND FOR INCENTIVES TO ENCOURAGE PARTICIPANTS TO STAY FOCUSED ON THEIR ACADEMIC SUCCESS AND WELL-BEING. IN ADDITION, THE PROGRAM IS DESIGNED TO REWARD AND HELP GRADUATING HIGH-SCHOOL SENIORS. ASIDE FROM PROVIDING VARIOUS DIRECT SUPPORTS (EXAMPLES INCLUDE LAPTOPS OR SCHOLARSHIPS TOWARDS SUPPLIES NECESSARY TO SUCCESSFULLY BEGIN A COLLEGE CAREER), HCZ ALSO OFFERS SCHOLARSHIPS THROUGH DONATED FUNDS TO REDUCE POTENTIAL DEBT FOR OUR COLLEGE STUDENTS. THESE FUNDS ARE CRITICALLY IMPORTANT FOR OUR STUDENTS, MANY OF WHOM HAVE FEW - IF ANY - FUNDS OF THEIR OWN TO PAY FOR THEIR COLLEGE EXPENSES. X X X 1 1 0 0 0 0 0 1 0 KWAME OWUSU-KESSE CEO 690781 0 227959 0 0 0 189150 0 58483 0 1166373 0 97959 0 GEOFFREY CANADA PRESIDENT 460183 0 275000 0 0 0 159150 0 58483 0 952816 0 0 0 JAZMINE LEWIS CHIEF STRATEGY OFFICER 267121 0 161225 0 0 0 76141 0 33478 0 537965 0 61225 0 NANA A ANNAN COO (THRU 07/2023) 170965 0 174994 0 59616 0 102900 0 19481 0 527956 0 154994 0 CONNOR FOURNIER CFO (THRU 02/2024) 346584 0 50000 0 0 0 76650 0 10743 0 483977 0 0 0 JENNIFER KLEIN CHIEF DEVELOPMENT OFFICER 317720 0 50000 0 0 0 76650 0 33478 0 477848 0 0 0 JUSTIN MAKER SR. MANAGING DIR, HR (THRU 01/2024) 249932 0 115969 0 0 0 8539 0 33478 0 407918 0 73469 0 STEPHANIE C LILAVOIS CHIEF COMMUNICATIONS OFFICER 237887 0 45000 0 0 0 87072 0 11096 0 381055 0 0 0 CHRISTIAN RHODES DEPUTY EXECUTIVE DIRECTOR 277981 0 30000 0 0 0 0 0 22339 0 330320 0 0 0 GREGORY FORBES MANAGING DIRECTOR, ECONOMIC MOBILITY 193566 0 56888 0 0 0 36322 0 33478 0 320254 0 29388 0 TIFFANY FOUNTAIN SENIOR ADVISOR 152087 0 95969 0 0 0 31301 0 19387 0 298744 0 73469 0 LINDA N IBUZOR CONTROLLER 226450 0 22500 0 0 0 41180 0 1555 0 291685 0 0 0 LIAM MCCARTHY MANAGING DIRECTOR, DEVELOPMENT 214441 0 25000 0 0 0 7407 0 26210 0 273058 0 0 0 SERINA MOYA MGN DIRECTOR, HCZ K-12 AFTERSCHOOL 193325 0 43214 0 0 0 6219 0 20916 0 263674 0 25714 0 MICHAEL POHLY CHIEF INVESTMENT OFFICER 171021 0 0 0 0 0 5160 0 58483 0 234664 0 0 0 PART I, LINES 4A-B FORM 990, SCHEDULE J, LINE 4(A) CHIEF OPERATING OFFICER, NANA ANNAN, RECEIVED A SEVERANCE PAYMENT OF $59,616 IN CALENDAR YEAR 2023; THIS AMOUNT IS REFLECTED IN SCHEDULE J, PART II, COLUMN (B)(III). FORM 990, SCHEDULE J, LINE 4(B) HARLEM CHILDREN'S ZONE HAS A SECTION 457(F) PLAN FOR CERTAIN ELIGIBLE EMPLOYEES. THIS GROWTH FUND PLAN ("THE PLAN") IS A TAX-DEFERRED EMPLOYEE SAVINGS PLAN THAT AIMS TO SERVE AS A RETENTION TOOL FOR DIRECTORS, OFFICERS, PRINCIPALS AND SENIOR STAFF. HARLEM CHILDREN'S ZONE MAKES AN ANNUAL DEPOSIT INTO THE PLAN THAT IS VALUED AT 150% OF THE INDIVIDUAL EMPLOYEE'S BONUS FOR THE CURRENT YEAR. THE EMPLOYEE'S ACCOUNT ACCUMULATES ASSOCIATED EARNINGS OR LOSSES ON THE INVESTMENT OF THE CONTRIBUTED AMOUNT IN THE NO MARGIN SENIOR GROWTH FUND, WHICH IS MANAGED BY DUQUESNE FAMILY OFFICE, AT NO COST TO HARLEM CHILDREN'S ZONE OR THE EMPLOYEE. THE AMOUNTS CONTRIBUTED BY HARLEM CHILDREN'S ZONE, ALONG WITH THE ASSOCIATED EARNINGS OR LOSSES, VEST AFTER FIVE YEARS FROM THE DATE OF THE INITIAL CONTRIBUTION AND WILL BE PAID TO ELIGIBLE EMPLOYEES WHEN VESTED. TERMINATED EMPLOYEES BECOME VESTED IMMEDIATELY AT THE DATE OF THEIR TERMINATION. EMPLOYEES WHO MEET THE AGE AND SERVICE PROVISIONS OF THE PLAN (AGE VESTING) ARE VESTED IMMEDIATELY UPON MEETING THOSE PROVISIONS. HOWEVER, IF A PARTICIPATING EMPLOYEE LEAVES VOLUNTARILY, INCLUDING RETIREMENT IF THEY HAVE NOT REACHED THE AGE VESTING PROVISIONS, THEN THEIR CUMULATIVE UNVESTED CONTRIBUTION MADE BY HCZ AND ASSOCIATED EARNINGS OR LOSSES ARE FORFEITED. FOR CALENDAR YEAR 2023, EMPLOYEES RECEIVED A PAYOUT OF DEFERRED COMPENSATION FROM THE PLAN AND THOSE AMOUNTS HAVE BEEN RECORDED IN SCHEDULE J, PART II, COLUMN (B)(II) AND, BECAUSE THAT PAYOUT REPRESENTS COMPENSATION THAT WAS REPORTED ON PREVIOUS FORMS 990 AS DEFERRED COMPENSATION IN SCHEDULE J, PART II, COLUMN (C), IT IS RECORDED IN SCHEDULE J, PART II, COLUMN (F). GEOFFREY CANADA, AN OFFICER OF HCZ, MET THE AGE AND SERVICE PROVISIONS OF THE 457 (F) PLAN (AGE VESTING) FOR CALENDAR YEAR 2023 THAT RESULTED IN IMMEDIATE VESTING OF HCZ'S GROWTH FUND CONTRIBUTION. THIS AMOUNT IS INCLUDED IN FORM 990, SCHEDULE J, COLUMN B (II). CHIEF OPERATING OFFICER, NANA ANNAN, RECEIVED A SEVERANCE PAYMENT OF $59,616 IN CALENDAR YEAR 2023; THIS AMOUNT IS REFLECTED IN SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINE 7 HARLEM CHILDREN'S ZONE PROVIDES ANNUAL PERFORMANCE BONUSES TO ITS EMPLOYEES. THE BONUSES ARE DETERMINED AND APPROVED BY THE CEO, KWAME OWUSU-KESSE. BONUSES ARE APPROVED IN JUNE AND PAID OUT IN JULY (WHICH IS THE FOLLOWING FISCAL YEAR); HOWEVER, FOR 990 REPORTING PURPOSES, THE BONUS IS BOTH APPROVED AND PAID IN THE SAME CALENDAR YEAR (BUT DIFFERENT FISCAL YEARS); ACCORDINGLY, THE BONUSES ARE REPORTED AS CURRENT COMPENSATION IN COLUMN (B)(II). ZACHARY SCHREIBER BOARD OF TRUSTEE 48176794 SEE PART V 0 ZACHARY SCHREIBER BOARD OF TRUSTEE 807488 SEE PART V 0 STANLEY DRUNKENMILLER CHAIRMAN OF BOARD 131336553 SEE PART V 0 ERIC MANDELBLATT BOARD OF TRUSTEE 59894947 SEE PART V 0 ERIC MANDELBLATT BOARD OF TRUSTEE 613360 SEE PART V 0 SCHEDULE L, PART IV ZACHARY SCHREIBER, BOARD OF TRUSTEES MEMBER, MANAGES A LIMITED PARTNERSHIP INVESTMENT FUND IN WHICH HARLEM CHILDREN'S ZONE INVESTS. THE VALUE OF THE ORGANIZATION'S INVESTMENT IN THIS LIMITED PARTNERSHIP INVESTMENT AS OF JULY 30, 2024 IS APPROXIMATELY $48.1 MILLION. NEITHER MR. SCHREIBER NOR THE FUND CHARGE HARLEM CHILDREN'S ZONE ANY MANAGEMENT, ADVISORY OR SUPERVISORY FEES FOR MANAGING THE ORGANIZATION'S PORTFOLIO. NEVERTHELESS, THE VALUE OF THESE CONTRIBUTED SERVICES IS $807,488.STANLEY DRUCKENMILLER, CHAIRMAN OF THE BOARD, RUNS AN ALTERNATIVE INVESTMENT FUND IN WHICH HARLEM CHILDREN'S ZONE INVESTS. THE VALUE OF THE ORGANIZATION'S INVESTMENT IN THIS FUND AS OF JUNE 30, 2024 IS $131.3 MILLION. NEITHER MR. DRUCKENMILLER NOR THE FUND CHARGE HARLEM CHILDREN'S ZONE ANY MANAGEMENT, ADVISORY OR SUPERVISORY FEES FOR MANAGING THE ORGANIZATION'S PORTFOLIO.ERIC MANDELBLATT, BOARD OF TRUSTEES MEMBER, RUNS AN ALTERNATIVE INVESTMENT FUND IN WHICH HARLEM CHILDREN'S ZONE INVESTS. THE VALUE OF THE ORGANIZATION'S INVESTMENT IN THIS FUND AS OF JUNE 30, 2024 IS $59.8 MILLION. HARLEM CHILDREN'S ZONE PAID MANAGEMENT AND PERFORMANCE FEES TOTALING $613,360. X 4 1218996 FMV X TOYS 1 23856 FMV X COMPUTER EQUIP 23 3920 FMV 0 1 1 PART I, LINE 32B: TO THE EXENT THAT HARLEM CHILDREN'S ZONE RECEIVES DONATIONS OF SECURITIES, HCZ'S THIRD-PARTY BROKER DISPOSES OF THOSE SECURITIES; ALL PROCEEDS THEREFROM ARE USED TO SUPPORT THE ORGANIZATION'S CHARITABLE MISSION. FORM 990, PART III, LINE 1 ORGANIZATION'S MISSION (CONTINUED) HCZ LEADS THE WAY FOR COMMUNITIES AROUND THE COUNTRY, IMPROVING THE LIVES AND LIVELIHOODS OF MILLIONS. TOGETHER WITH OUR PARTNERS, WE'RE TRANSFORMING THE WAY WE ROOT OUT POVERTY IN NEIGHBORHOODS ACROSS THE NATION AND AROUND THE WORLD. OUR CORE BELIEFS AND VALUES GUIDE EVERYTHING WE DO. THEY ARE A CRITICAL PART OF OUR CULTURE AND HELP US PROVIDE THE BEST PROGRAMS AND SUPPORTS TO THE CHILDREN AND FAMILIES WE SERVE. THE VALUES WORK TOGETHER AND BALANCE EACH OTHER, INFORMING HOW WE BEHAVE AND MAKE DECISIONS ACROSS THE ORGANIZATION. 1. CHILDREN FIRST - WE EMBRACE A HOLISTIC, YOUTH-CENTERED APPROACH TO CREATE TRANSFORMATIONAL OPPORTUNITIES, DRIVEN BY A CALL FOR JUSTICE, EQUITY, AND A RADICAL HOPE FOR THEIR FUTURE. 2. SERVANT LEADERSHIP - WE ARE ANCHORED IN MISSION, AND UNRELENTING IN OUR PURSUIT OF EXCELLENCE FOR OUR CHILDREN, FAMILIES, AND COMMUNITY. WE UNDERSTAND THAT OUR MISSION IS BIGGER THAN OURSELVES. WE ARE CALLED TO SERVE THE COMMUNITIES WE REPRESENT AND LEAD OUR CHILDREN. 3. PLACE MATTERS - WE KNOW THAT WHERE A CHILD IS BORN AND RAISED DETERMINES THEIR FUTURE PROSPECTS OF SUCCESS. THEREFORE, WE BUILD OPPORTUNITIES FOR PROSPERITY IN TRADITIONALLY UNDERSERVED NEIGHBORHOODS, USING A COMPREHENSIVE, PLACE-BASED CRADLE TO CAREER APPROACH THAT WILL BREAK THE CYCLE OF INTERGENERATIONAL POVERTY. FORM 990, PART VI, SECTION B, LINE 11B POLICIES PROCESS USED TO REVIEW FORM 990 THE FORM 990 WAS PREPARED BY A NATIONALLY RENOWNED ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCE DEPARTMENT. A COPY OF THE DRAFT FORM 990 WAS CIRCULATED TO THE AUDIT COMMITTEE FOR DISCUSSION AND COMMENT. EACH AUDIT COMMITTEE MEMBER WAS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. THE AUDIT COMMITTEE WILL SUMMARIZE ITS FINDING ON THE FORM 990 TO THE FULL BOARD OF DIRECTORS. FOLLOWING THE COMMITTEE'S SUMMARY THE BOARD WILL BE AFFORDED TIME TO REVIEW AND MAKE RECOMMENDATIONS AS NEEDED. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT AND MONITORING OF CONFLICT OF INTEREST POLICY ALL EMPLOYEES ARE EXPECTED TO USE HONESTY, GOOD JUDGEMENT AND HIGH ETHICAL STANDARDS IN ALL PROFESSIONAL DEALINGS. ALL EMPLOYEES MUST AVOID ANY ACTIONS THAT COULD CREATE A CONFLICT OF INTEREST OR THE APPEARANCE OF SUCH A CONFLICT OR REFLECT UNFAVORABLY ON THEM OR ON HARLEM CHILDREN'S ZONE. AN EMPLOYEE MUST DISCLOSE IF SHE/HE OR AN IMMEDIATE FAMILY MEMBER HAS ANY POTENTIAL CONFLICT OF INTEREST SUCH AS A RELATIONSHIP TO A THIRD PARTY VENDOR WHO SEEKS OR HAS A BUSINESS RELATIONSHIP WITH HARLEM CHILDREN'S ZONE. AN EMPLOYEE'S VIOLATION OF THIS POLICY, ESPECIALLY A FAILURE TO REPRESENT ACCURATELY HIS OR HER CONNECTION OR ACTION ON BEHALF OF HARLEM CHILDREN'S ZONE AND A THIRD PARTY WILL CONSTITUTE GROUNDS FOR DISCIPLINARY ACTION, UP TO AND INCLUDING TERMINATION OF EMPLOYMENT. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE ORGANIZATION UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIAL AND ALL OF ITS OFFICERS AND KEY EMPLOYEES IS REASONABLE GIVEN THE MARKET IN WHICH THE ORGANIZATION OPERATES. HARLEM CHILDREN ZONE RECENTLY COMMISSIONED A COMPENSATION SURVEY IN MARCH OF 2021 TO ENSURE THAT THE WAGES IT PAYS ITS EXECUTIVES IS COMMENSURATE WITH THE MARKET IN WHICH IT OPERATES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS TO THE PUBLIC THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION POSTS ITS AUDITED FINANCIAL STATEMENTS AND FORM 990 ON ITS WEBSITE, BUT ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AND PROVIDED AT MANAGEMENT'S DISCRETION. FORM 990, PART XI, LINE 9: INCREASE IN VALUATION OF DONATED GOLD COINS 235,128. RHEEDLEN 125TH STREET LLC 35 EAST 125TH STREET NEW YORK NY 10035 HOLD PROPERTY NY 0 0 HCZ HCZ PROMISE LLC 35 EAST 125TH STREET NEW YORK NY 10035 272392634 HOLD PROPERTY NY 0 0 HCZ 168 TITICUS RD LLC 168 TITICUS ROAD NORTH SALEM NY 10560 HOLD PROPERTY NY 0 0 HCZ HCZ PROMISE ACADEMY CHARTER SCHOOL 245 W 129TH STREET NEW YORK NY 10027 760756768 EDUCATION NY 501(C)(3) LINE 2 HCZ 1 HCZ PROMISE ACADEMY CHARTER SCHOOL II 35 EAST 125TH STREET NEW YORK NY 10035 342049530 EDUCATION NY 501(C)(3) LINE 2 HCZ 1 1 1 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 1 0 HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL II J 2335289 FMV HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL II A 2335289 FMV HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL B 2727608 FMV HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL II B 1471214 FMV HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL L 770070 FMV HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL II L 1261057 FMV HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL Q 770070 FMV HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL II Q 814852 FMV SCHEDULE R, RELATED PARTY TRANSACTIONS: PURSUANT TO THE TERMS OF COMMITMENT LETTERS BETWEEN HCZ AND THE PROMISE ACADEMY CHARTER SCHOOLS, ("PACS"), HCZ, AS THE PACS'S INSTITUTIONAL PARTNER, COMMITTED TO PROVIDE THE PACS CERTAIN SERVICES AT NO COST. PACS ARE TWO HIGH-QUALITY CHARTER SCHOOLS AFFILIATED WITH THE ORGANIZATION. THESE SERVICES INCLUDE FINANCIAL MANAGEMENT, SOCIAL, TECHNOLOGY, FUNDRAISING, PUBLIC RELATIONS, AND TEACHING ASSISTANCE SERVICES. BOTH CHARTER SCHOOLS HAVE RENEWED THEIR COMMITMENT LETTERS WITH HARLEM CHILDREN'S ZONE FOR A FOUR-YEAR PERIOD THAT RUNS THROUGH JUNE 30, 2024. HCZ'S CONTRIBUTED SPACE AND SERVICES PROVIDED TO THE PACS FOR THE YEAR ENDED JUNE 30, 2024 AMOUNTED TO $2,477,332. THE HARLEM CHILDREN'S ZONE PROVIDES ADDITIONAL FUNDING TO BOTH CHARTER SCHOOLS TO SUPPORT OPERATIONS. IN FISCAL YEAR 2024, HARLEM CHILDREN'S ZONE PROVIDED THE PROMISE ACADEMIES WITH $4,198,822 IN GRANT FUNDING. HARLEM CHILDREN'S ZONE INCLUDES WITHIN ITS SECTION 457(F) PLAN AND TEACHERS SUPPLEMENTAL BONUS PLAN, CERTAIN EMPLOYEES OF BOTH CHARTER SCHOOLS. OF THE $4,198,822 IN FUNDING RECEIVED, $1,741,105 REPRESENTS FUNDING TO COVER THE 457(F) PLAN AND BONUS PLAN COSTS.