2024-05-10T21:41:48-05:00 2023-06-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2022-07-01 900354470 THE EQUITY PROJECT CHARTER SCHOOL EQUI 6462546451 549 AUDUBON AVENUE TRAILER 30 NEW YORK NY 10040 CASEY ASH HEAD OF SCHOOL 6462546451 2024-05-10 1 CASEY ASH 999009999 1 GARRETT M HIGGINS P00543209 2122862600 2024-05-10 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z CASEY ASH 549 AUDUBON AVENUE TRAILER 30 NEW YORK NY 10040 26715118 0 X WWW.TEPCHARTER.ORG X 2008 NY TO PROVIDE A HIGH QUALITY EDUCATION TO LOW INCOME STUDENTS. 5 5 204 5 0 0 6020750 3687697 22090629 22905777 149 80516 32401 41128 28143929 26715118 0 128682 0 0 17367959 17777540 0 0 15908 7302022 7941681 24669981 25847903 3473948 867215 16781365 51606413 2516124 36748957 14265241 14857456 X THE EQUITY PROJECT CHARTER SCHOOL (THE "SCHOOL") IS A SCHOOL SERVING KINDERGARTEN THROUGH 8TH GRADE IN THE WASHINGTON HEIGHTS NEIGHBORHOOD OF NEW YORK CITY. THE SCHOOL BELIEVES THAT TEACHER QUALITY IS THE MOST IMPORTANT FACTOR IN ACHIEVING EDUCATIONAL EQUITY FOR LOW INCOME STUDENTS. SPURRED BY THIS BELIEF, THE SCHOOL REALLOCATES ITS PUBLIC FUNDS BY MAKING AN UNPRECEDENTED INVESTMENT IN ATTRACTING AND RETAINING GREAT TEACHERS. 0 0 23719508 128682 22905777 THE SCHOOL'S MISSION IS FOCUSED ON PROVIDING STUDENTS FROM LOW-INCOME FAMILIES WITH EQUAL ACCESS TO OUTSTANDING TEACHERS AS A MEANS OF ACHIEVING EDUCATIONAL EQUALITY. THE SCHOOL IS UNIQUELY FOCUSED ON ATTRACTING AND RETAINING MASTER TEACHERS. TO DO SO, THE SCHOOL USES A THREE-PRONGED STRATEGY OF RIGOROUS QUALIFICATIONS, REDEFINED EXPECTATIONS, AND REVOLUTIONARY COMPENSATION.CLASSES COMMENCED IN THE WASHINGTON HEIGHTS NEIGHBORHOOD OF NEW YORK CITY IN SEPTEMBER 2009 AND THE SCHOOL PROVIDED EDUCATION TO APPROXIMATELY 1,060 STUDENTS IN GRADES KINDERGARTEN THROUGH EIGHTH DURING THE 2022-2023 ACADEMIC YEAR. 23719508 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 0 1 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 18 0 204 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X SHELLY GUPTA 6462546451 549 AUDUBON AVENUE TRAILER 30 NEW YORK NY 10040 SEAN JUAN CHAIR 4.00 X X 0 0 0 LAURA TAVORMINA VICE CHAIR & TREASURER 4.00 X X 0 0 0 JENNIFER MULHERN SECRETARY 4.00 X 0 0 0 ANDREW BUHER TRUSTEE 4.00 X 0 0 0 BROOKS CLARK TRUSTEE 4.00 X 0 0 0 SHELLY GUPTA CHIEF FINANCIAL OFFICER 50.00 X 166281 0 31367 CASEY ASH HEAD OF SCHOOL 50.00 X 181569 0 21667 AARON VILLELA CHIEF EXECUTIVE OFFICER 50.00 X 156281 0 29930 ANATEA CARPENTER DIRECTOR 50.00 X 157296 0 13336 JOSEPH CARBONE TEACHER 50.00 X 157231 0 12820 HARRIS BROWN TEACHER 50.00 X 156934 0 4014 JASON SKEETER TEACHER 50.00 X 149646 0 27644 ALAN DAVIS TEACHER 50.00 X 146229 0 24924 1271467 0 165702 72 0 1 0 CHARTER TECHNOLOGY SOLUTIONS 129 20TH STREET STE 2 BROOKLYN NY 11232 TECHNOLOGY 280983 JC BUS TRANSPORTATION LLC 54 TURNER STREET YONKERS NY 10704 TRANSPORTATION 237800 HUGHES ENVIRONMENTAL ENGINEERING 14 LEIGHTON PLACE MAHWAH NJ 07430 REPAIRS & MAINT. 173262 3 3517372 170325 3687697 GOV'T PER-PUPIL REV. 611110 21884485 21884485 GOV'T PER-PUPIL REV.-FACILITIES 611110 897778 897778 PRI-INTEREST 900099 123514 123514 22905777 80516 80516 REFUNDS 900099 32792 32792 STUDENT FEE 900099 8336 8336 41128 26715118 22905777 0 121644 128682 128682 560386 288668 271718 14559254 13574662 971374 13218 278799 262199 16343 257 1138522 1064997 72486 1039 1240579 1139571 99919 1089 11861 11861 128698 62274 66424 411232 270211 140932 89 251119 230673 20446 252841 227857 24803 181 404449 371519 32930 2935212 2696228 238984 5166 2273 2893 19788 19788 87 87 1095753 1006537 89216 217338 199643 17695 FOOD SERVICE 922440 918890 3550 STUDENT SERVICES 537234 537025 209 CURRICULUM & CLASSROOM 358109 358109 REPAIRS AND MAINTENANCE 275512 253080 22432 114842 106535 8272 35 25847903 23719508 2112487 15908 582451 561183 3109274 4318218 1252913 1542444 57990 33767 131552 39932 8877320 6520018 3016733 2357302 8390890 8390890 239562 34362677 16781365 51606413 1943313 1932855 108827 155364 463984 34660738 2516124 36748957 X 13990241 14857456 275000 0 14265241 14857456 16781365 51606413 X 867215 -275000 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4581749 3018129 1563620 3381350 2657639 723711 914221 844250 69971 2357302 PROGRAM RELATED LOAN 8390890 C 8390890 SECURITY DEPOSIT 132613 DUE FROM AFFILIATE 106949 RIGHT OF USE ASSETS 34123115 34362677 LEASE LIABILITIES 34660738 34660738 X 26715118 0 26715118 0 26715118 26122903 275000 275000 25847903 0 25847903 PART X, LINE 2: THE SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE SCHOOL IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2020. PART XII, LINE 2D - OTHER ADJUSTMENTS: WRITE OFF OF CONTRIBUTIONS RECEIVABLE 275,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 AS A PUBLIC SCHOOL, SUBJECT TO OPEN ENROLLMENT, THE CHARTER SCHOOL IS NOT SUBJECT TO THE SPECIFIC GUIDELINES SET FORTH IN REV. PROC. 75-50 AND AS MODIFIED BY REV. PROC. 2019-22. THE SCHOOL PUBLICIZED ITS RACIALLY NONDISCRIMINATION POLICY THROUGH ITS WEBSITE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES PER-PUPIL FUNDING FROM THE NYC BOARD OF EDUCATION UNDER THEIR CHARTER AGREEMENT. THE SCHOOL ALSO RECEIVES VARIOUS FEDERAL, STATE, AND CITY FUNDS INCLUDING FEDERAL ENTITLEMENTS TO ASSIST WITH COVERING THE COST OF CERTAIN PROGRAMS. 1 TEP CHARTER SCHOOL ASSISTANCE INC 549 AUDUBON AVENUE TRAILER 30 NEW YORK NY 10040 274012224 501(C)(4) 128682 0 TO SUPPORT THE SCHOOL'S PERMANENT FACILITY 1 0 PART I, LINE 2: THE SCHOOL PROVIDED A GRANT TO TEP CHARTER SCHOOL ASSISTANCE, INC., AN ENTITY RELATED BY COMMON MANAGEMENT. THE SCHOOL MONITORS THE USE OF THE FUNDS RELATED TO CAPITAL EXPENDITURES FOR THE SCHOOL'S PERMANENT FACILITY. X X X 0 0 0 0 0 0 0 1 0 CASEY ASH HEAD OF SCHOOL 178069 0 3500 0 0 0 5250 0 16417 0 203236 0 0 0 SHELLY GUPTA CHIEF FINANCIAL OFFICER 162781 0 3500 0 0 0 5250 0 26117 0 197648 0 0 0 AARON VILLELA CHIEF EXECUTIVE OFFICER 152781 0 3500 0 0 0 3112 0 26818 0 186211 0 0 0 JASON SKEETER TEACHER 114950 0 34696 0 0 0 600 0 27044 0 177290 0 0 0 ALAN DAVIS TEACHER 114772 0 31457 0 0 0 3750 0 21174 0 171153 0 0 0 ANATEA CARPENTER DIRECTOR 149342 0 7954 0 0 0 3750 0 9586 0 170632 0 0 0 JOSEPH CARBONE TEACHER 121262 0 35969 0 0 0 761 0 12059 0 170051 0 0 0 HARRIS BROWN TEACHER 124400 0 32534 0 0 0 3750 0 264 0 160948 0 0 0 PART I, LINE 7 THE ORGANIZATION PAID PERFORMANCE-BASED BONUSES IN 2022. THE BONUSES ARE BASED ON REVIEW OF SCHOOL-WIDE & INDIVIDUAL PERFORMANCE AND APPROVED BY THE BOARD. THESE AMOUNTS ARE REPORTED IN PART II, COLUMN (B)(II). FORM 990, PART VI, SECTION B, LINE 11B THE EQUITY PROJECT CHARTER SCHOOL HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT, THE FINANCE AND AUDIT COMMITTEES, AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL SHARES ITS CONFLICT OF INTEREST POLICY WITH BOARD MEMBERS AND OFFICERS AS PART OF THEIR REGULAR MEETINGS. OFFICERS AND DIRECTORS ARE EXPECTED TO DECLARE IF AT ANY POINT A CONFLICT OF INTEREST ARISES. IF A POTENTIAL CONFLICT WERE TO ARISE, THE INTERESTED PERSON MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE GOVERNING BOARD'S DECISION AS TO WHETHER A POTENTIAL CONFLICT OF INTEREST EXISTS IS DOCUMENTED IN THE MINUTES OF THE BOARD. IN ADDITION, THE BOARD OF TRUSTEES ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S COMPENSATION COMMITTEE USES COMPARABLE DATA TO DETERMINE THE COMPENSATION OF OFFICERS. THE COMPARABLE DATA USED BY THE SCHOOL IS SECTOR COMPENSATION INFORMATION (AVAILABLE ON THE INTERNET) AND COMPENSATION ANALYSIS CONDUCTED BY NEW YORK CITY CHARTER CENTER TO ESTABLISH OFFICER'S COMPENSATION. COMPENSATION APPROVAL IS DOCUMENTED IN THE MINUTES OF THE GOVERNING BOARD. THIS PROCESS WAS LAST CONDUCTED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: WRITE OFF OF CONTRIBUTIONS RECEIVABLE -275,000. FORM 990, PART XII, LINE 2C: THE SCHOOL HAS A FINANCE AND AUDIT COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.