2024-05-15T21:53:04-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2022-07-01 821888771 ZETA CHARTER SCHOOLS INC ZETA 9173302296 425 WESTCHESTER AVENUE BRONX NY 10455 BRIAN ZIED MANAGING DIRECTOR OF FINANCE 9173302296 2024-05-15 1 BRIAN ZIED 999009999 1 GARRETT M HIGGINS P00543209 2122862600 2024-05-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z EMILY KIM 425 WESTCHESTER AVENUE BRONX NY 10455 21283802 0 X ZETASCHOOLS.ORG X 2017 DE 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. 5 5 79 5 0 0 2827936 6677287 11248766 14549611 15 16 1678 56888 14078395 21283802 0 438072 0 0 4685774 6819254 0 0 191400 8510765 13180793 13196539 20438119 881856 845683 31771816 149610934 20979118 204003604 10792698 -54392670 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. 0 0 18601283 438072 14549611 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 FOUR SUBLEASE AGREEMENTS WITH THE SCHOOL.THE ORGANIZATION PROVIDES STARTUP AND ONGOING ACADEMIC, BUSINESS AND DEVELOPMENT SUPPORT TO THE SCHOOLS. THERE ARE APPROXIMATELY 1,752 STUDENTS ENROLLED IN KINDERGARTEN THROUGH FOURTH GRADE AND 262 STUDENTS ENROLLED IN PRE-KINDERGARTEN IN THE NETWORK'S EDUCATIONAL CORPORATION FOR THE 2022-2023 ACADEMIC YEAR. 18601283 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 112 0 79 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NY X EMILY KIM 9173302296 425 WESTCHESTER AVENUE BRONX NY 10455 ALLEN THORPE CHAIRPERSON 1.00 X X 0 0 0 BOAZ WEINSTEIN TRUSTEE 1.00 X 0 0 0 JENNY SEDLIS TRUSTEE 1.00 X 0 0 0 OPE BUKOLA TRUSTEE 1.00 X 0 0 0 RICK SCHNALL TRUSTEE 1.00 X 0 0 0 EMILY A KIM CEO 50.00 X 297923 0 9809 JESSICA SIE CHIEF ACADEMIC OFFICER 50.00 X 200459 0 14627 PAOLA STEPANIAN MD OF SCHOOLING 50.00 X 187717 0 9013 SAMREEN KHAN MD OF OPERATIONAL STRATEGY 50.00 X 183737 0 12296 AILEEN GRAY DIR. OF STRATEGIC IMPACT 50.00 X 144442 0 7654 CHRISTOPHER D'AMATO DIR. OF OPERATIONAL EXCELLENCE 50.00 X 146260 0 4605 RYAN FINN DIR. OF PEOPLE OPERATIONS 50.00 X 126307 0 13919 SHEA REEDER DIR. OF LEADER TALENT OUTREACH 50.00 X 125937 0 14717 VARISSARA ASSAKUL - DIR OF RE & GROWTH STRATEGY THRU 2/2023 50.00 X 144246 0 7728 1557028 0 94368 9 0 1 0 PROCLEAN MAINTENANCE SYSTEMS INC 79 ALEXANDER AVENUE BRONX NY 10454 JANITORIAL SERVICES 717989 TENER CONTRACTING LLC 603 WARBURTON AVENUE HASTINGSONHUDSON NY 10706 MAINTENANCE & REPAIRS SERVICES 399911 ABOUT THE WORK 40 EXCHANGE PLACE SUITE 1708 NEW YORK NY 10005 CONSTRUCTION SERVICES 293561 SECURITY USA 336 WEST 37TH STREET STE 450 NEW YORK NY 10018 SECURITY SERVICES 197829 SKDKNICKERBOCKER LLC 1150 18TH STREET SUITE 800 WASHINGTON DC 10018 COMMUNICATIONS 185000 8 638543 6038744 6677287 CMO FEES 541610 6225979 6225979 CAPITAL LEASE INTEREST 900099 4456662 4456662 RENTAL FEES 532000 3866970 3866970 14549611 16 16 REBATES 900099 56888 56888 56888 21283802 14549611 0 56904 438072 438072 966006 547814 371186 47006 4881765 4316470 449145 116150 98812 82194 13861 2757 420671 349922 59012 11737 452000 375982 63407 12611 226279 169709 56570 104278 104278 1473202 1441873 30965 364 466274 371580 94694 303435 260182 43253 284076 214562 69514 8231755 8231755 53365 40138 13227 8784 6588 2196 46531 34435 12096 852707 639530 213177 62956 47217 15739 REPAIRS AND MAINTENANCE 789844 789844 CLASSROOM SUPPLIES 131277 131277 STAFF DEVELOPMENT 130367 97995 32372 STAFF RECRUITMENT 14888 14144 744 775 775 20438119 18601283 1645436 191400 5986670 4486580 1011188 2782154 0 1388543 333691 117961 13916575 4405250 5571206 9511325 15161322 113381980 3707739 17942391 31771816 149610934 724121 1534394 0 42538 2310000 2010000 17944997 200416672 20979118 204003604 X 10498334 -55142670 294364 750000 10792698 -54392670 31771816 149610934 X 845683 -66031051 X X 0 1 X 0 0 X 994929 2359471 5560387 2827936 6677287 18420010 994929 2359471 5560387 2827936 6677287 18420010 7812976 10607034 425 332 91 15 16 879 8356 1678 56888 66922 18487811 40269677 0.57370 0.51090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6380626 2832595 3548031 1840795 721095 1119700 5695154 851560 4843594 9511325 NET INVESTMENT IN LEASES 113381980 C 113381980 OPERATING LEASE ASSETS 15215433 SECURITY DEPOSITS 2185000 DUE FROM ZETA CHARTER SCHOOLS - NYC 526002 DEFERRED RENT 15956 17942391 OPERATING LEASE LIABILITIES 17924779 FINANCE LEASE LIABILITY 182491893 200416672 X -44203900 532484 532484 -44736384 66020186 66020186 21283802 20981468 532484 10865 543349 20438119 0 20438119 PART X, LINE 2: THE NETWORK RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE NETWORK HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE NETWORK IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF ROU ASSET 66,020,186. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS 10,865. 0 ZETA CHARTER SCHOOLS - NEW YORK CITY 425 WESTCHESTER AVENUE BRONX NY 10455 823452377 501(C)(3) 438072 0 CSP EXPANSION AND REPLICATION FUNDING 1 0 X X 0 0 0 0 0 0 0 1 0 EMILY A KIM CEO 247923 0 50000 0 0 0 8231 0 1578 0 307732 0 0 0 JESSICA SIE CHIEF ACADEMIC OFFICER 178229 0 22230 0 0 0 5042 0 9585 0 215086 0 0 0 PAOLA STEPANIAN MD OF SCHOOLING 184567 0 3150 0 0 0 5650 0 3363 0 196730 0 0 0 SAMREEN KHAN MD OF OPERATIONAL STRATEGY 165537 0 18200 0 0 0 5563 0 6733 0 196033 0 0 0 AILEEN GRAY DIR. OF STRATEGIC IMPACT 142762 0 1680 0 0 0 4370 0 3284 0 152096 0 0 0 VARISSARA ASSAKUL - DIR OF RE & GROWTH STRATEGY THRU 2/2023 141726 0 2520 0 0 0 4505 0 3223 0 151974 0 0 0 CHRISTOPHER D'AMATO DIR. OF OPERATIONAL EXCELLENCE 132240 0 14020 0 0 0 4396 0 209 0 150865 0 0 0 PART I, LINE 7 THE ORGANIZATION AWARDED DISCRETIONARY BONUSES TO PERSONS LISTED ON PART VII OF THE 990, AND IS REPORTED IN PART II, COLUMN B(II). FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE MEETINGS WERE HELD DURING FISCAL YEAR 2023. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE CEO. AFTER ANY REQUIRED CHANGES ARE MADE, A FINAL VERSION IS DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO ELECTION TO THE BOARD, OR EMPLOYMENT AT THE ORGANIZATION, AND THEREAFTER ON AN ANNUAL BASIS, ALL DIRECTORS, OFFICERS, AND SENIOR MANAGEMENT MEMBERS COMPLETE A STATEMENT TO DISCLOSE ANY POTENTIAL OR APPARENT CONFLICTS OF INTEREST. THE STATEMENTS ARE REVIEWED BY A BOARD TRUSTEE WHO PROVIDES THEM TO THE BOARD CHAIR. COVERED PERSONS ARE ALSO UNDER A CONTINUING OBLIGATION TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS AS SOON AS THEY ARE KNOWN, OR REASONABLY SHOULD BE KNOWN. DISCLOSURES ARE MADE IN ADVANCE, BEFORE ANY ACTION IS TAKEN ON THE MATTER THAT POSES AN ACTUAL OR POTENTIAL CONFLICT. ALL DISCLOSURES ARE BROUGHT TO THE ATTENTION OF THE BOARD CHAIR, UNLESS EITHER IS THE INDIVIDUAL WITH A POTENTIAL CONFLICT. PERSONS WITH A POTENTIAL OR ACTUAL CONFLICT RECUSE THEMSELVES FROM (1) ENGAGING IN DISCUSSIONS AND (2) RECEIVING INFORMATION RELATED TO THE CONFLICT SITUATION, UNLESS A MAJORITY OF DISINTERESTED DIRECTORS APPROVE THEIR PRESENCE, INVOLVEMENT, AND/OR PARTICIPATION. IN THE EVENT A CONFLICT IS DETERMINED, THE INTERESTED BOARD MEMBER IS RECUSED FROM VOTING UPON THE RELATED MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE CEO AND KEY EMPLOYEES INCLUDE THE USE OF COMPARABLE DATA SUCH AS THE FORM 990 OF OTHER ORGANIZATIONS. AN ANNUAL REVIEW OF COMPENSATION, ACCOMPLISHMENTS AND SKILLS IS DONE BY THE BOARD. THE BOARD OF DIRECTORS REVIEWS THE COLLECTED DATA AND VOTES ON THE COMPENSATION. THE PROCESS LAST OCCURRED IN 2022, AND IS DOCUMENTED IN THE MINUTES OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990 AND THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE FORM 990 IS POSTED ON THE ORGANIZATION'S WEBSITE. IN ADDITION, THE 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: LOSS ON DISPOSAL OF ASSETS -10,865. LOSS ON SALE OF ROU ASSET -66,020,186. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.