Harlem Academy FY2022 filing

Tax-deductible

New York, NY501(c)(3)Since 2004EducationEIN 56-2454573

Harlem Academy drives equity of opportunity for promising children, guiding them to thrive at the highest academic levels and one day make a mark on the world.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$755K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $4.3M a year · 46% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$755K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
19 mo
of spending, in cash
Looks good: 19.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $36K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.6M
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 26 voting members
Looks good: 25 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.3M
-20% vs prior year
Spent
$4.5M
To programs
78%
Net assets
$40.9M
By yearFY2020–FY2025
Revenue
$10.3M
FY2022▼ -20%
Revenue by fiscal year
FY2020$9.9M
FY2021$12.9M
FY2022$10.3M
FY2023$5.5M
FY2024$8.3M
FY2025$9.1M
Expenses
$4.5M
FY2022▲ +29%
Expenses by fiscal year
FY2020$3.9M
FY2021$3.5M
FY2022$4.5M
FY2023$5.4M
FY2024$6.3M
FY2025$6.8M
Net assets
$40.9M
FY2022▲ +17%
Net assets by fiscal year
FY2020$25.2M
FY2021$34.9M
FY2022$40.9M
FY2023$41.2M
FY2024$43.6M
FY2025$46.5M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $3.5M Management & general 9% · $396K Fundraising 14% · $608K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

30 people listed on the 990; $755K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Head of School
$212,642Pt VII · Sec A
Finance Director
$156,936Pt VII · Sec A
Assistant Head
$153,206Pt VII · Sec A
Strategy Director
$127,475Pt VII · Sec A
Development Dir
$104,583Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Vincent Dotoli’s $230K as Ex-Officio/Head of School is at the 88th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Vincent Dotoli$230,159$205,172$207,227———
Vincent Dotoli———$212,642$177,996$188,954
Leonard Smith$174,186$169,630$163,086———
Katherine Steinbach$167,813$155,625$134,675———
Walter M Frankenberger III—————$164,081
Leonard Smith———$156,936$148,311$150,142
Lashonda Davis———$153,206$144,011$132,434
Khaliah Adams-Joseph$146,640$117,640————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II3 listed

Programs and updates

Guides promising children to excel academically and make a mark on the world.

Provided by the organization

This section is blank until Harlem Academy claims this page.

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1 program service account for $3.5M of program spending, described in the organization's own filed words · FY2021.
01

Mission.Harlem Academy drives equity of opportunity for promising students, guiding them to thrive at the highest academic levels and one day make a mark on the world.Commitment to low-income children.Harlem Academy provides a full-need scholarship to every attending student.

$3.5Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$36K
Grants paid · 5 grants · $300K · 2021–2024
Unitemized GrantFY2024$88,000
Unitemized GrantFY2023$80,000
Unitemized GrantFY2022$75,000
Unitemized GrantFY2021$47,500
Unitemized GrantFY2021$10,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$10.3M
Ln 12
Gifts and grantsLn 1h$9.9M
Fees for servicesLn 2g$391K
Investment incomeLn 3$7K
Money outPt IX
$4.5M
Ln 25
Programscol B$3.5M
Managementcol C$396K
Fundraisingcol D$608K
Owns and owesPt X
$40.9M
net assets · Ln 32
Cash and savingsLn 1–2$7.2M
Total assetsLn 16$43.5M
LiabilitiesLn 26$2.6M
PeoplePt VI, VII
30
listed · VII A
PaidVII A5
Voting boardVI 1a26
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.9M
Government grantsLn 1e$771K
Fees for servicesLn 2g$391K
Investment incomeLn 3$7K
Gains on assetsLn 7$0
Total revenueLn 12$10.3M
Assets in detailPt X, end of year
CashLn 1$2.3M
SavingsLn 2$5.0M
Cash and savings togetherLn 1–2$7.2M
InvestmentsLn 11–13$167K
Land, buildings, equipmentLn 10c$33.4M
Other assetsLn 15$40K
Total assetsLn 16$43.5M
LiabilitiesLn 26$2.6M
Net assetsLn 32$40.9M
OperationsPt I, VI
EmployeesI 554
VolunteersI 6300
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$9.5M$7.2M
InvestmentsLn 11–13$167K
Land, buildings, equipmentLn 10c$24.6M$33.4M
Total assetsLn 16$37.0M$43.5M
LiabilitiesLn 26$2.0M$2.6M
Net assetsLn 32$34.9M$40.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$58K$58K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$213K$106K$53K$53K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$2.1M$1.6M$174K$310K
Pension plan contributionsLn 8$25K$21K$855$3K
Other employee benefitsLn 9$184K$144K$14K$25K
Payroll taxesLn 10$168K$132K$13K$23K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$143K$95K$42K$7K
Advertising and promotionLn 12$112K$205$8K$103K
Office expensesLn 13$0
Information technologyLn 14$10K$10K
RoyaltiesLn 15$0
OccupancyLn 16$197K$197K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$11K$11K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$397K$389K$1K$7K
InsuranceLn 23$82K$76K$1K$5K
Other expenses (24a–d)Ln 24$576K$568K$2K$6K
All other expensesLn 24e$215K$75K$74K$66K
Total functional expensesLn 25$4.5M$3.5M$396K$608K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $9.1M$6.8M$2.3M$46.5M 990 PDF
FY2024 $8.3M$6.3M$2.0M$43.6M 990 PDF
FY2023 $5.5M$5.4M$168K$41.2M 990 PDF
FY2022 Viewing $10.3M$4.5M$5.8M$40.9M 990 PDF
FY2021 $12.9M$3.5M$9.4M$34.9M 990 PDF
FY2020 $9.9M$3.9M$6.0M$25.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $10,322,774 across 10 lines filed
VIII-1e Government grants$771,107
VIII-1f All other contributions, gifts and grants$9,153,445
VIII-1h Total contributions, gifts and grants$9,924,552
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $391,101$391,101
VIII-3 Investment incomeExcluded from tax $7,121$7,121
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $391,101 · Excluded from tax $7,121$10,322,774
Part IX · Statement of functional expenses $4,493,964 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $57,500$57,500
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $106,324 · Management $53,162 · Fundraising $53,162$212,648
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $1,619,015 · Management $173,900 · Fundraising $310,447$2,103,362
IX-8 Pension plan contributionsPrograms $21,373 · Management $855 · Fundraising $2,649$24,877
IX-9 Other employee benefitsPrograms $144,449 · Management $14,411 · Fundraising $24,955$183,815
IX-10 Payroll taxesPrograms $132,173 · Management $13,185 · Fundraising $22,835$168,193
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $94,784 · Management $41,510 · Fundraising $6,800$143,094
IX-12 Advertising and promotionPrograms $205 · Management $8,378 · Fundraising $103,303$111,886
IX-13 Office expenses$0
IX-14 Information technologyPrograms $10,360$10,360
IX-15 Royalties$0
IX-16 OccupancyPrograms $197,047$197,047
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $11,183$11,183
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $388,691 · Management $1,322 · Fundraising $6,610$396,623
IX-23 InsurancePrograms $75,624 · Management $1,492 · Fundraising $5,236$82,352
IX-24 Other expenses (24a–d)Programs $567,911 · Management $1,934 · Fundraising $5,978$575,823
IX-24e All other expensesPrograms $74,857 · Management $74,222 · Fundraising $66,122$215,201
IX-25 Total functional expensesPrograms $3,490,313 · Management $395,554 · Fundraising $608,097$4,493,964
Part X · Balance sheet $43,474,797 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $3,000,418$2,271,214
X-2 Savings and temporary cash investmentsStart of year $6,482,048$4,971,883
X-3 Pledges and grants receivableStart of year $2,799,786$2,467,331
X-4 Accounts receivableStart of year $44,785$36,149
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $37,354$77,421
X-10c Land, buildings and equipment, netStart of year $24,602,231$33,443,136
X-11 Publicly traded securities$167,267
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $2,350$40,396
X-16 Total assetsStart of year $36,968,972$43,474,797
X-17 Accounts payable and accrued expensesStart of year $1,529,786$445,952
X-19 Deferred revenueStart of year $44,111$40,778
X-26 Total liabilitiesStart of year $2,025,450$2,586,730
X-27 Net assets without donor restrictionsStart of year $27,968,735$36,129,711
X-28 Net assets with donor restrictionsStart of year $6,974,787$4,758,356
X-32 Total net assets or fund balancesStart of year $34,943,522$40,888,067
X-33 Total liabilities and net assetsStart of year $36,968,972$43,474,797
Part XI · Reconciliation of net assets $40,888,067 net assets at year end
XI-1 Total revenue$10,322,774
XI-2 Total expenses$4,493,964
XI-3 Revenue less expenses$5,828,810
XI-4 Net assets at start of year$34,943,522
XI-5 Net unrealized gains (losses) on investments−$63,753
XI-6 Donated services and use of facilities$179,488
XI-10 Net assets at end of year$40,888,067

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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