Civic Intelligence

Tep Charter School Assistance Inc

EIN 27-4012224 • 501(c)4 • New York, NY

Profile

To advance the interest of & provide any & all kinds of support for the operation, financing, fund raising and educational mission of the equity project charter school, a new york not-for-profit corporation formed pursuant to article 56 of the new york education law.

549 Audubon Avenue Trailer 30New York, NY 10040

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

80th percentile

0.49x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)4 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

77th percentile

1.20x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)4 • $25M-$50M nonprofits • Source year 2024

Net Margin

93rd percentile

90%

Higher net margin than 93% of similar nonprofits.

501(c)4 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

$25M-$50M nonprofits • Source year 2024

Asset Growth

25th percentile

-3.0%

Faster asset growth than 25% of similar nonprofits.

501(c)4 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Revenue Growth

92nd percentile

191%

Faster revenue growth than 92% of similar nonprofits.

501(c)4 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Assets

Down

$31,109,671

Down $1,975,886 (-6.0%) from 2022

Liabilities

Down

$15,314,833

Down $13,286,569 (-46%) from 2022

Net Assets

Up

$15,794,838

Up $11,310,683 (+252%) from 2022

Revenue

Up

$12,809,105

Up $11,301,302 (+750%) from 2022

Expenses

Down

$1,240,789

Down $686,827 (-36%) from 2022

Net Income

Up

$11,568,316

Up $11,988,129 (+2856%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2017: $16,764,905Liabilities 2017: $13,026,442Net Assets 2017: $3,738,4632017Assets 2018: $25,375,818Liabilities 2018: $19,991,226Net Assets 2018: $5,384,5922018Assets 2019: $36,472,290Liabilities 2019: $30,048,024Net Assets 2019: $6,424,2662019Assets 2020: $34,817,432Liabilities 2020: $28,918,799Net Assets 2020: $5,898,6332020Assets 2022: $33,085,557Liabilities 2022: $28,601,402Net Assets 2022: $4,484,1552022Assets 2024: $31,109,671Liabilities 2024: $15,314,833Net Assets 2024: $15,794,8382024

Highlighted filing

2024

Assets$31,109,671
Liabilities$15,314,833
Net Assets$15,794,838

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2017: $3,789,289Expenses 2017: $10,886Net Income 2017: $3,778,4032017Revenue 2018: $1,654,115Expenses 2018: $7,986Net Income 2018: $1,646,1292018Revenue 2019: $1,815,861Expenses 2019: $776,187Net Income 2019: $1,039,6742019Revenue 2020: $1,432,842Expenses 2020: $1,958,475Net Income 2020: -$525,6332020Revenue 2022: $1,507,803Expenses 2022: $1,927,616Net Income 2022: -$419,8132022Revenue 2024: $12,809,105Expenses 2024: $1,240,789Net Income 2024: $11,568,3162024

Highlighted filing

2024

Revenue$12,809,105
Expenses$1,240,789
Net Income$11,568,316

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$12,809,105
Mission and Program Overview

Mission

To advance the interest of & provide any & all kinds of support for the operation, financing, fund raising and educational mission of the equity project charter school, a new york not-for-profit corporation formed pursuant to article 56 of the new york education law.

To advance interest of & provide any & all kinds of support to the equity project charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$31,909,677$31,036,987▼ $872,690
Cash and Non-Interest-Bearing Accounts$365,250$72,684▼ $292,566
Savings and Temporary Cash Investments$26,632$0▼ $26,632
Total Assets$32,301,559$31,109,671▼ $1,191,888
Liabilities
Mortgage Notes Payable Secured by Investment Property$27,703,486$0▼ $27,703,486
Other Liabilities$314,079$15,305,333▲ $14,991,254
Accounts Payable and Accrued Expenses$57,472$9,500▼ $47,972
Total Liabilities$28,075,037$15,314,833▼ $12,760,204
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,226,522$15,794,838▲ $11,568,316
Total Net Assets Fund Balance$4,226,522$15,794,838▲ $11,568,316
Total Liabilities and Net Assets / Fund Balance$32,301,559$31,109,671▼ $1,191,888

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$29,726,445$4,308,452$34,034,897
Land$1,310,542-$1,310,542
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ezekiel VanderhoekPresident
Matthew SingerVice President / Treasurer
Simmi SinghSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$91,491
Program Service Revenue
$357,114
Investment Income
$0
Other Revenue
$12,360,500
All Other Contributions
$91,491
Change in Net Assets
$11,568,316

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,809,105
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$12,809,105
Total Revenue per Form 990
$12,809,105
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,240,789
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$829,055$43,635-$872,690
Interest$306,907$16,153-$323,060
Fees for Services Other$27,825$1,464-$29,289
Fees for Services Accounting-$9,500-$9,500
Other Expenses$5,937$313-$6,250
Total Functional Expenses$1,169,724$71,065$0$1,240,789

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,240,789
Total Expenses per Audited Statements$1,240,789
Total Expenses per Form 990$1,240,789
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Sherman Tiger LLC$15,184,634
Due to Tep$120,699
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The board acted as a whole on all matters and no committee was appointed during the fiscal year.

Form 990, Part VI, Section B, Line 11B

Tep charter school assistance, inc. Has its form 990 prepared by an outside independent 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 and is ready to be filed with the internal revenue service, it is electronically sent to the board members 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

Tep charter school assistance, inc. Shares its conflict of interest policy with board of directors 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 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.

Filing and Contact Details

Filer

Filer Name
Tep Charter School Assistance Inc
EIN
27-4012224
Phone
6462546451
Address
549 AUDUBON AVENUE TRAILER 30, NEW YORK, NY 10040

Signing Officer

Name
Ezekiel Vanderhoek
Title
President
Phone
6462546451
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ezekiel Vanderhoek
Formed
2010
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
PKF O'CONNOR DAVIES ADVISORY LLC
Address
300 TICE BOULEVARD SUITE 315, WOODCLIFF LAKE, NJ 07677
Preparer
Sacha Richards
Phone
2017129800
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that the organization had no uncertain tax positions that would require financial statement recognition or disclosure. The organization is no longer subject to examinations by the applicable taxing jurisdictions for years prior to june 30, 2021.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0TEP CHARTER SCHOOL ASSISTANCE, INC. (TEP CSA), IN AN EFFORT TO ENABLE ITS SUPPORTED PUBLIC CHARITABLE ORGANIZATION, THE EQUITY PROJECT CHARTER SCHOOL (TEP SCHOOL), A NEW YORK NONPROFIT CORPORATION AND AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE CODE), TO BETTER ACCOMPLISH ITS CHARITABLE AND EDUCATIONAL MISSION OF PROVIDING A SCHOOL FOR TRADITIONALLY UNDERSERVED COMMUNITIES, HAS FINANCED, ACQUIRED, DEVELOPED, AND CONSTRUCTED AN APPROXIMATELY 55,000 SQUARE FOOT SCHOOL BUILDING LOCATED AT 153 SHERMAN AVENUE, NEW YORK, NY 10034 (COLLECTIVELY REFERRED TO AS THE FACILITY) FOR TEP SCHOOL'S USE TO CONDUCT ITS CHARITABLE AND EDUCATIONAL PURPOSE. THE FACILITY ENABLES TEP SCHOOL TO OPERATE A NONPROFIT CHARTER MIDDLE SCHOOL (THE SCHOOL) TO ACHIEVE EDUCATIONAL EQUITY FOR STUDENTS FROM TRADITIONALLY UNDERSERVED POPULATIONS IN THE UPPER MANHATTAN NEIGHBORHOODS OF INWOOD & WASHINGTON HEIGHTS. THE SCHOOL SERVES STUDENTS IN GRADES 5-8 AND THE FACILITY WAS SPECIALLY DESIGNED TO ENHANCE THE SCHOOL'S FOCUS ON WHAT WE CALL THE 3 A'S - ACADEMICS, ARTS, & ATHLETICS WHICH ARE AT THE HEART OF TEP SCHOOL'S APPROACH TO SERVING ITS STUDENTS. LEARNING TAKES PLACE IN SPACIOUS CLASSROOMS FEATURING BEAMS OF NATURAL LIGHT AND COMFY LIBRARY NOOKS. THE ENTIRE 6TH FLOOR IS DEDICATED TO MUSIC, INCLUDING A CONCERT PERFORMANCE VENUE AND SOUND-PROOF RECORDING STUDIO. STUDENTS ALSO SPEND PART OF THEIR DAY IN THE CAFE OR ADJACENT OUTDOOR TERRACE AND GARDEN, EATING FRESHLY PREPARED NUTRITIOUS MEALS WITH OUR IN-HOUSE KITCHEN TEAM. THE BUILDING IS CONDUCIVE TO PHYSICAL ACTIVITY THROUGH DAILY PE CLASS AND MANY EXTRACURRICULAR ACTIVITIES AND ASSEMBLIES WHICH OCCUR IN THE HUGE GYMNASIUM THAT CAN SEAT THE ENTIRE MIDDLE SCHOOL. THE FACILITY ALSO AIMS TO SERVE AS A COMMUNITY HUB IN WHICH NEIGHBORHOOD RESIDENTS HAVE A PHYSICAL SPACE TO ENGAGE WITH THESE 3 A'S AS WELL, PARTICULARLY WITH RESPECT TO COMMUNITY ARTS PROGRAMS, ATHLETIC PROGRAMS, AND HEALTH AND WELLNESS OPPORTUNITIES. TEP CSA HAS ENTERED INTO A LEASE WITH TEP SCHOOL ALLOWING FOR TEP SCHOOL'S EXCLUSIVE USE OF THE FACILITY. TEP CSA EXISTS TO FINANCE AND OWN THE FACILITY ON BEHALF OF TEP SCHOOL, ITS PUBLICLY SUPPORTED CHARITABLE ORGANIZATION. IN DOING SO, TEP CSA WILL ALLOW TEP SCHOOL TO DEDICATE ADDITIONAL TIME AND RESOURCES TO ITS CORE MISSION AND CHARITABLE AND EDUCATIONAL PURPOSES. TEP CSA WILL BE PERFORMING THESE SERVICES EXCLUSIVELY FOR TEP SCHOOL, ITS DESIGNATED PUBLICLY SUPPORTED CHARITABLE ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE SUPPORTING ORGANIZATION'S PRIMARY ACTIVITYHOLDING TITLE TO AND MANAGING THE EDUCATIONAL FACILITY FOR THE EQUITY PROJECT CHARTER SCHOOL (TEP SCHOOL) CONSTITUTES A FUNCTION THAT THE SUPPORTED ORGANIZATION WOULD HAVE NEEDED TO UNDERTAKE DIRECTLY IN THE ABSENCE OF THE SUPPORTING ORGANIZATION'S INVOLVEMENT. SPECIFICALLY, TEP SCHOOL REQUIRES A COMPLIANT, SAFE, AND FUNCTIONAL PHYSICAL LOCATION TO CARRY OUT ITS EXEMPT PURPOSE OF PROVIDING TUITION-FREE PUBLIC EDUCATION UNDER IRC 170(B)(1)(A)(II). IF THE SUPPORTING ORGANIZATION DID NOT HOLD THE TITLE AND ASSUME RESPONSIBILITY FOR THE OPERATION OF THE SCHOOL FACILITY, TEP SCHOOL WOULD BE REQUIRED TO LEASE, PURCHASE, OR CONSTRUCT ITS OWN FACILITY. IT WOULD ALSO NEED TO INDEPENDENTLY MANAGE AND FINANCE BUILDING MAINTENANCE, UTILITIES, INSURANCE, COMPLIANCE UPGRADES, AND CAPITAL IMPROVEMENTSALL OF WHICH ARE ESSENTIAL COMPONENTS OF OPERATING A SCHOOL. THE SUPPORTING ORGANIZATION'S ASSUMPTION OF THESE DUTIES RELIEVES TEP SCHOOL OF THE LOGISTICAL, FINANCIAL, AND ADMINISTRATIVE BURDENS ASSOCIATED WITH OWNING OR LEASING AND MAINTAINING AN EDUCATIONAL FACILITY. THIS ENABLES TEP SCHOOL TO ALLOCATE MORE OF ITS TIME, STAFF, AND FINANCIAL RESOURCES TOWARD ITS CORE EDUCATIONAL MISSION, INCLUDING CURRICULUM DEVELOPMENT, STUDENT INSTRUCTION, AND STUDENT SUPPORT SERVICES. ACCORDINGLY, THE SUPPORTING ORGANIZATION IS PERFORMING ESSENTIAL ACTIVITIES THAT TEP SCHOOL WOULD OTHERWISE BE REQUIRED TO CONDUCT IN ORDER TO OPERATE AND FULFILL ITS EXEMPT PURPOSE, THEREBY SATISFYING THE "BUT FOR" TEST UNDER TREASURY REGULATION 1.509(A)-4(I)(4)(I)(A).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 2A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 2B
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO TEP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO SHERMAN TIGER LLC
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD ACTED AS A WHOLE ON ALL MATTERS AND NO COMMITTEE WAS APPOINTED DURING THE FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TEP CHARTER SCHOOL ASSISTANCE, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE INDEPENDENT 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 AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD MEMBERS 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TEP CHARTER SCHOOL ASSISTANCE, INC. SHARES ITS CONFLICT OF INTEREST POLICY WITH BOARD OF DIRECTORS 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0EZEKIEL VANDERHOEK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
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ReturnHeader/ReturnTs02025-05-15T21:24:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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