2020-05-15T13:55:10-05:00 2019-06-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2018-07-01 900354470 THE EQUITY PROJECT CHARTER SCHOOL EQUI 6462546451 549 AUDUBON AVENUE TRAILER 30 NEW YORK NY 10040 ZEKE VANDERHOEK PRINCIPAL AND FOUNDER 6462546451 2020-05-15 1 GARRETT M HIGGINS P00543209 2122862600 2020-05-15 100.2.127.74 2020-05-15 12:44:58 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4F9F0882E2C1046A9DC4DC01D0F262469E3815E0 2018 2020-11-19 02:30:22Z ZEKE VANDERHOEK 549 AUDUBON AVENUE TRAILER 30 NEW YORK NY 10040 18675378 0 X WWW.TEPCHARTER.ORG X 2008 NY PROVIDING A HIGH QUALITY EDUCATION TO LOW INCOME STUDENTS. 5 5 172 5 0 0 1067375 852409 13982350 17027553 7906 9869 25166 785547 15082797 18675378 1520651 528267 0 0 10862561 12745227 0 0 29307 3648650 5206890 16031862 18480384 -949065 194994 14037943 14584274 3759471 4110808 10278472 10473466 X THE EQUITY PROJECT CHARTER SCHOOL (THE "SCHOOL") IS A SCHOOL SERVING KG, 1ST, 2ND, 5TH, 6TH, 7TH, AND 8TH GRADES 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 17383189 528267 17027553 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 836 STUDENTS IN GRADES KINDERGARTEN, FIRST, SECOND, AND FIFTH THROUGH EIGHTH DURING THE 2018-2019 ACADEMIC YEAR. 17383189 1 1 0 0 0 0 0 0 0 0 1 0 1 0 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 8 0 172 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 DAVID COLEMAN PRESIDENT 4.00 X X 0 0 0 LAURA TAVORMINA VICE PRESIDENT/TREASURER 4.00 X X 0 0 0 SEAN JUAN SECRETARY 4.00 X X 0 0 0 BROOKS CLARK TRUSTEE 4.00 X 0 0 0 ANDREW BUHER TRUSTEE 4.00 X 0 0 0 ZEKE VANDERHOEK PRINCIPAL & FOUNDER 50.00 X 112085 0 22594 SHELLY GUPTA DIRECTOR OF FINANCE & OPERATION 50.00 X 127790 0 4122 JEFFREY MITTMAN COO AS OF 05/20/2019 50.00 X 0 0 0 ANATEA CARPENTER TEACHER 50.00 X 162603 0 10325 BENJAMIN ELLER 7TH GRADE TEACHER 50.00 X 148143 0 6077 ALYSON MORSE 7TH GRADE TEACHER 50.00 X 146629 0 4264 KOFI WILSON TEACHER 50.00 X 145812 0 10327 JOSEPH CARBONE 5TH GRADE TEACHER 50.00 X 145679 0 9405 988741 0 67114 53 0 1 0 CHARTER TECHNOLOGY SOLUTIONS 129 20TH STREET BROOKLYN NY 11232 TECHNOLOGY CONSULTANTS 347835 PERFECT OFFICE CLEANING CORPORATION 125 TRAVERS AVENUE YONKERS NY 10705 CLEANING SERVICES 134344 HUGHES ENVIRONMENTAL ENGINEERING 14 LEIGHTON PLACE MAHWAH NJ 07430 EQUIP MAINTENANCE 102040 3 821105 31304 852409 GOV'T PER-PUPIL REV. 611110 16904039 16904039 PRI-INTEREST 900099 123514 123514 17027553 9869 9869 REFUND FROM LEASE PAYMENT 900099 755431 755431 STUDENT DUES 900099 30116 30116 785547 18675378 17027553 0 795416 528267 528267 283201 103981 167172 12048 10796456 10372236 411186 13034 151848 143578 7927 343 587382 555392 30660 1330 926340 875888 48355 2097 813 813 61892 61892 286659 172835 113824 110062 104068 5994 245442 232074 12913 455 250660 237008 13652 2303211 2177770 125441 9673 9146 527 12600 12600 90556 85624 4932 660328 624364 35964 101125 95617 5508 UBI TAX EXPENSE 5202 5202 STUDENT SERVICES 430341 430072 269 CURRICULUM & CLASSROOM 338005 337677 328 REPAIRS AND MAINTENANCE 176418 166810 9608 123903 118182 5721 18480384 17383189 1067888 29307 337276 621414 190427 381525 1028616 389685 30876 33099 42624 0 159689 104288 6830956 2380318 3655517 4450638 8390890 8390890 202028 212735 14037943 14584274 1447896 1655132 3401 1800000 1800000 511575 652275 3759471 4110808 X 9728472 10173466 550000 300000 10278472 10473466 14037943 14584274 194994 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3995702 1064381 2931321 2106971 1009525 1097446 728283 306412 421871 4450638 PROGRAM RELATED LOAN 8390890 C 8390890 DEFERRED RENT 536296 DUE TO RELATED PARTY 115979 652275 X 17919947 0 17919947 755431 755431 18675378 17724953 0 17724953 755431 755431 18480384 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, 2016. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS REFUND FROM TEP CHARTER SCHOOL ASSISTANCE, INC TO PART VIII 755,431. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS REFUND FROM TEP CHARTER SCHOOL ASSISTANCE, INC TO PART VIII 755,431. 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 INTERNET 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 AVE TRAILER 30 NEW YORK NY 10040 274012224 501(C)(4) 528267 FACILITY DEVELOPMENT 0 1 PART I, LINE 2: THE ORGANIZATION PROVIDES GRANTS TO TEP CHARTER SCHOOL ASSISTANCE, INC. TO ADVANCE THE INTEREST OF AND PROVIDE ANY AND ALL KINDS OF SUPPORT FOR THE OPERATION, FINANCING, FUNDRAISING, AND EDUCATION MISSION OF THE EQUITY PROJECT CHARTER SCHOOL. TEPSCA USES ALL GRANT FUNDS FOR THE SOLE PURPOSE OF CONSTRUCTION OF TEP MIDDLE SCHOOL BUILDING LOCATED AT 153 SHERMAN AVE. DRAWDOWNS ARE REQUESTED BY THE GENERAL CONTRACTOR AND OTHER VENDORS TO WSFSSH (THE ORGANIZATION MANAGING THE CONSTRUCTION PROCESS). WSFSSH GETS THE REQUISITION APPROVED BY ALL INVOLVED PARTIES AND PRESENTS TO TEPSCA TO MAKE THE PAYMENTS. X X X 0 0 0 0 0 0 0 1 0 ANATEA CARPENTER TEACHER 142276 0 20327 0 0 0 3750 0 6575 0 172928 0 0 0 BENJAMIN ELLER 7TH GRADE TEACHER 124442 0 23701 0 0 0 0 0 6077 0 154220 0 0 0 ALYSON MORSE 7TH GRADE TEACHER 124760 0 21869 0 0 0 3750 0 514 0 150893 0 0 0 KOFI WILSON TEACHER 123943 0 21869 0 0 0 3750 0 6577 0 156139 0 0 0 JOSEPH CARBONE 5TH GRADE TEACHER 118923 0 26756 0 0 0 248 0 9157 0 155084 0 0 0 PART I, LINE 7 TEACHERS JOSEPH CARBONE, BENJAMIN ELLER, ALYSON MORSE, KOFI WILSON, AND ANATEA CARPENTER RECEIVED FROM THE ORGANIZATION A BONUS IN THE AMOUNT OF $26,756, 23,701, 21,869, 21,869 AND 20,327 RESPECTIVELY. DIRECTOR OF FINANCE SHELLY GUPTA RECEIVED FROM THE ORGANIZATION A BONUS IN THE AMOUNT OF $6,250. THE BONUSES WERE BASED ON REVIEW OF SCHOOL-WIDE & INDIVIDUAL PERFORMANCE, AND APPROVED BY THE BOARD. 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, DIRECTORS, AND KEY EMPLOYEES (IF ANY) ARE EXPECTED TO DECLARE IF AT ANY POINT A CONFLICT OF INTEREST ARISES. IF A POTENTIAL CONFLICT WERE TO ARISE, THE INTERESTED PERSON SHALL 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 AND KEY EMPLOYEES. 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. 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 WRITTEN REQUEST AT 549 AUDUBON AVENUE, TRAILER 30, NEW YORK, NY 10040, OR BY CALLING THE ORGANIZATION DIRECTLY AT (646)254-6451. FORM 990, PART XII, LINE 2C: THE SCHOOL HAS A FINANCE AND AUDIT COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.