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New York BBB Wise Giving Report for
Harlem Children's Zone

A BBB Accredited charity

 



Expiration Date:
10/2015
Name:
Harlem Children's Zone
Address:
35 East 125th Street
New York, NY 10035
Phone:
212-534-0700
Web Site:
Year, State Incorporated:
1970, New York
Affiliates:
None
Stated Purpose:
" The Harlem Children's Zone (HCZ) has created a unique, interlocking "pipeline" of educational, social-service, and community-building programs to over 20,000 children and families in a 97-block zone of Central Harlem. Our mission is to provide all of the 11,000 children we serve with holistic, wraparound support to help ensure that each and every one goes to college, earns a degree, and becomes a productive, professional adult. We are not only changing the trajectories of thousands of local children but also fueling the economy, revitalizing the urban environment, and radically improving residents' overall quality of life. Our efforts have resulted in unprecedented, large-scale success, radically transforming the community and inciting a groundswell of similar efforts across the country. "





Evaluation Conclusions
 

              
Harlem Children's Zone (HCZ) meets the 20 Standards for Charity Accountability.




Programs
 

              
The pipeline starts with The Baby College, which teaches best-practices to parents of children 0-3. HCZ runs pre-kindergarten programs to get children on track early. Children then attend one of two Promise Academy K-12 charter schools or are supported by HCZ staff in the seven public schools in the Zone. HCZ also runs innovative elementary, middle, and high-school afterschool programs for local public school students. HCZ's College Success Office supports HCZ's students, many of whom are the first in their families to attend college, so they can successfully navigate the new challenges and responsibilities they face. Our ultimate goal and measure of success for all of our children is to graduate college, armed with the necessary education and resources to secure jobs and launch their careers.



Governance
 

              
Chief Executive Officer:
Mr. Geoffrey Canada, Executive Director / CEO
Compensation*:
$305,175
Chair of the Board:
Mr. Stanley Druckenmiller
Chair's Profession / Business Affiliation:
Duquesne Family Office, LLC
Board Size:
18
Paid Staff Size:
1636



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Invitations to fund raising events, grant proposals
Fund raising costs were 1% of related contributions. (Related contributions, which totaled $133,191,800, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on HCZ's Audited Financial Statements - Combined for the fiscal year ended June 30, 2012.

Source of Funds  

Grants and contributions

$118,886,794

Government grants

9,189,345

Gain on investments, net

8,642,545

Special event, net of expenses totaling $270,363

5,115,661

Other income

672,573

Interest income

52,748

Total Income

$142,559,666

Program Expenses  

Harlem Children's Zone

$65,001,852

Beacon and after school services

9,526,713

Preventive services

5,241,733

Head Start Program

1,901,895
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

81,672,193
1,352,483
7,684,817

$90,709,493

$51,850,173




Uses of Funds as a % of Total Expenses


Programs: 90%  Fund Raising: 2%  Administrative 9% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $316,754,014
Ending net assets 368,604,187
Total liabilities 86,997,548

Total assets

$455,601,735






 

A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.