Zeta Charter Schools
Legal name: Zeta Charter Schools - New York City
Nonprofit profile at a glance
- EIN
- 823452377
- IRS 990 coverage
- 2018–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 9173302296
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Education
Reported finances
- Revenue
- $88,248,316
- Expenses
- $88,935,095
- Assets
- $315,043,518
- Liabilities
- $298,452,661
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Highest reported compensation
- ANA MARTINEZ (SCHOOL MANAGER): $182,558 total reported compensation
- NOREEN COOKE-COLEMAN (PRINCIPAL): $179,619 total reported compensation
- AMENATA MAGIRAGA (PRINCIPAL): $171,587 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Zeta Charter Schools' mission is to provide a transformative, next-generation education that prepares students for college, career, and life.
What it reported doing in 2024
Zeta charter schools nyc is a network of high-performing schools that forge thriving communities of lifelong learners, problem solvers, and innovators. The schools provided education to approximately 2726 students enrolled in kindergarten through seventh grade and 352 students enrolled in pre-kindergarten for the 2024-2025 academic year
Operating model
- Revenue model
- Earned-program. 90% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 66
- Accountability: 91
- Sustainability: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94%; rating input score 94
- Program expense ratio: 93.2%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.8%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 3.54; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.95; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 1.9%; rating input score 58; 58th percentile among comparable filings
Growth
- Program expense growth: 34.2% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 32.4% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 49.4% per year; rating input score 100; 99th percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 94% of revenue deployed · 93.2% of spending went to programs
- Governance: 5 of 5 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $82.9M in reported program spending
- Leadership: top reported pay $183K · 18 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.9M reported
- Consistency: 34 of 34 current checks pass
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Operating margin scored 23/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- Review — Sustainability: Officer compensation ratio scored 58/100.