2024-10-04T15:47:05-05:00 2023-12-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2023-01-01 134011465 THE TEAK FELLOWSHIP INC TEAK 2122886678 16 WEST 22ND STREET 3RD FLOOR 301 NEW YORK NY 10010 JARED HOROWITZ TREASURER 2122886678 2024-09-27 1 0 ALEXANDER LAZZARUOLO P01775353 2126617777 2023 2024-10-15 13:58:12Z JARED HOROWITZ 16 WEST 22ND STREET 3RD FLOOR 301 NEW YORK NY 10010 10960426 0 X WWW.TEAKFELLOWSHIP.ORG X 1998 NY TO HELP ACADEMICALLY TALENTED NEW YORK CITY STUDENTS FROM LOW-INCOME FAMILIES EARN ADMISSION INTO THE MOST SELECTIVE SECONDARY SCHOOLS AND COLLEGES. 22 22 66 350 0 0 4639323 6031239 0 0 189844 489880 -283023 -410926 4546144 6110193 0 0 0 0 2441248 2827268 0 160000 525008 1283089 1498320 3724337 4485588 821807 1624605 18621774 21252709 2314788 2079143 16306986 19173566 X SEE SCHEDULE O. 0 0 1359102 MIDDLE SCHOOL PROGRAMMING - SEE SCHEDULE O. 993288 HIGH SCHOOL PROGRAMMING - SEE SCHEDULE O. 326797 COLLEGE SUCCESS PROGRAMMING - SEE SCHEDULE O. 1004122 ADMISSIONS PROGRAMMING:EACH YEAR, TEAK SEARCHES FOR THE MOST AMBITIOUS, MOTIVATED, AND HARD-WORKING 6TH GRADERS IN NEW YORK CITY TO JOIN THE FELLOWSHIP. TEAK'S ADMISSIONS TEAM ORGANIZES COMMUNITY OUTREACH EVENTS AND HOSTS INFORMATION SESSIONS FOR PROSPECTIVE FAMILIES AND SCHOOL ADMINISTRATORS ACROSS NEW YORK CITY'S BOROUGHS. PROSPECTIVE FELLOWS BEGIN THE APPLICATION PROCESS IN THE FIRST QUARTER OF THEIR 6TH GRADE YEAR AND ARE ACCEPTED BY THE END OF THAT SAME SCHOOL YEAR. ONCE INTERESTED FAMILIES HAVE ATTENDED AN INFORMATION SESSION AND HAVE AN UNDERSTANDING OF THE PROGRAM EXPECTATIONS AS WELL AS THE ACADEMIC AND FINANCIAL REQUIREMENTS FOR ADMISSION, EACH IS INVITED TO COMPLETE AN APPLICATION TO TEAK. THE APPLICATION PROCESS IS HIGHLY COMPETITIVE AND CONSISTS OF TWO ROUNDS WHICH INCLUDE: A WRITTEN STUDENT PORTION, FAMILY FINANCIAL DOCUMENTS AND SHORT ANSWERS, TEACHER RECOMMENDATIONS, STANDARDIZED TEST SCORES, AND INTERVIEWS. 1004122 3683309 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 66 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X X DENISE BROWN-ALLEN 2122886678 16 WEST 22ND STREET 3RD FLOOR 301 NEW YORK NY 10010 MATTHEW R STOPNIK CO-CHAIR 10.00 X X 0 0 0 ROBERT KALSOW-RAMOS CO-CHAIR 10.00 X X 0 0 0 JARED HOROWITZ TREASURER 5.00 X X 0 0 0 CHRISTOPHER LANNING SECRETARY 5.00 X X 0 0 0 AMY HONG DIRECTOR 5.00 X 0 0 0 JUDSON TRAPHAGEN DIRECTOR 5.00 X 0 0 0 KENNETH FOX DIRECTOR 3.00 X 0 0 0 BRAD COPPENS DIRECTOR 3.00 X 0 0 0 MUHAMMAD FARIDI DIRECTOR 3.00 X 0 0 0 ANDREW K FERRER DIRECTOR 3.00 X 0 0 0 JARED HENDRICKS DIRECTOR 3.00 X 0 0 0 AMRAN HUSSEIN DIRECTOR 3.00 X 0 0 0 JACQUES S PIERRE DIRECTOR 3.00 X 0 0 0 PAUL SPIVEY DIRECTOR 3.00 X 0 0 0 EHREN STENZLER DIRECTOR 3.00 X 0 0 0 JOHN GREEN DIRECTOR 3.00 X 0 0 0 KIM KOOPERSMITH DIRECTOR 3.00 X 0 0 0 ADAM WEINSTEIN DIRECTOR 3.00 X 0 0 0 JONATHAN BILZIN DIRECTOR 3.00 X 0 0 0 JASON CALDWELL DIRECTOR 3.00 X 0 0 0 CHRISTINA SEDA DIRECTOR 3.00 X 0 0 0 MARC BECKER THRU 82023 FORMER BOARD CHAIR & CHAIR EMERITUS 5.00 X 0 0 0 DENISE BROWN-ALLEN EXECUTIVE DIRECTOR 65.00 X 287425 0 46906 LAUREN GRISHON DEPUTY DIRECTOR 55.00 X 169615 0 27327 RIDIE MARKENSON SENIOR DIRECTOR OF STUDENT GROWTH & HS TRANSITION 55.00 X 133000 0 21550 LINA KO DIRECTOR OF FINANCE AND ADMINISTRATION 55.00 X 132400 0 3508 OYSHIKU CARR SENIOR DIRECTOR OF MIDDLE SCHOOL ACADEMY 55.00 X 131386 0 8341 DANIEL BLEDNICK SENIOR DIRECTOR OF COLLEGE GUIDANCE 55.00 X 127885 0 25080 981711 0 132712 6 0 1 0 RESOURCE & EVENT MANAGEMENT LTD 155 EAST 44TH STREET SUITE 1915 NEW YORK NY 10017 PROFESSIONAL FUNDRAISING 160000 1 2861902 3169337 6031239 522184 522184 4140603 4172907 -32304 -32304 -32304 266400 2861902 677326 -410926 -410926 6110193 0 0 78954 334332 287525 16717 30090 1970771 1694864 98538 177369 98577 84776 4929 8872 218666 188052 10934 19680 204922 176233 10246 18443 17600 14080 2640 880 14575 11660 2186 729 160000 160000 79403 79403 18511 14809 2777 925 133052 119250 7176 6626 49070 41710 4908 2452 472967 419162 27837 25968 3874 3486 194 194 34921 30032 3143 1746 STUDENT SERVICES & SUPP 525115 525115 OTHER 80617 72555 5643 2419 FUNDRAISING 68615 68615 4485588 3683309 277271 525008 1039 16616 584691 851410 182696 206410 115009 116325 511582 311229 235274 200353 15349276 18003295 2153789 1858300 18621774 21252709 158741 202594 2156047 1876549 2314788 2079143 X 15001160 18012184 1305826 1161382 16306986 19173566 18621774 21252709 1624605 1241975 0 X 0 1 X 1 0 X 3996807 3631677 3764207 3046561 6031239 20470491 3996807 3631677 3764207 3046561 6031239 20470491 865942 19604549 301880 278177 364639 439747 522184 1906627 22377118 0.87610 0.84880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5461992 100000 244444 5317548 5261992 335000 135000 5461992 5361992 100000 5261992 5261992 200000 100000 5361992 5361992 100000 5261992 0.78626 0.20796 0.00578 0 0 318085 117732 200353 193497 193497 0 200353 RIGHT OF USE ASSET, OPERATING LEASE 1858300 1858300 OPERATING LEASE 1876549 1876549 7122765 1241975 10000 1251975 5870790 79403 160000 239403 6110193 4256185 10000 10000 4246185 79403 160000 239403 4485588 PART V, LINE 4: THE PURPOSE OF THE GENERAL ENDOWMENT (PERMANENT AND BOARD DESIGNATED) IS TO CONTRIBUTE TO UNDERWRITING THE OPERATING COSTS OF THE FELLOWSHIP'S ANNUAL PROGRAM, TO COMPLEMENT ANNUAL PRIVATE FUND-RAISING IN UNDERWRITING THE FELLOWSHIP'S PROGRAMS, AND TO PROVIDE ASSURANCE AND STABILITY TO THE FELLOWSHIP'S PROGRAMS AND FINANCES, ESPECIALLY DURING INEVITABLE PERIODS OF ECONOMIC AND FINANCIAL DIFFICULTY AND TURBULENCE. THE PURPOSE OF THE MORGAN MCKINZIE ENDOWMENT (PERMANENT) IS TO UNDERWRITE THE OPERATING COSTS OF THE PUBLIC INTEREST PROGRAM AT TEAK. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS, NET OF PROFESSIONAL FUNDRAISING EXPENSES 160,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS, NET OF PROFESSIONAL FUNDRAISING EXPENSES 160,000. X X X X 1 RESOURCE & EVENT MANAGEMENT 155 EAST 44TH STREET SUITE 1915 NEW YORK NY 10017 PROVIDE LOGISTICAL SUPPORT 0 3128302 160000 2968302 3128302 160000 2968302 MIDSUMMER NIGHT 354291 293991 60300 78255 12223 GALA 2774011 2567911 206100 65000 252286 18500 251062 3128302 2861902 266400 65000 330541 18500 263285 677326 -410926 X X X 0 0 0 0 0 0 0 0 0 DENISE BROWN-ALLEN EXECUTIVE DIRECTOR 284425 0 0 0 3000 0 28281 0 18625 0 334331 0 0 0 LAUREN GRISHON DEPUTY DIRECTOR 169615 0 0 0 0 0 10177 0 17150 0 196942 0 0 0 RIDIE MARKENSON SENIOR DIRECTOR OF STUDENT GROWTH & 133000 0 0 0 0 0 7980 0 13570 0 154550 0 0 0 DANIEL BLEDNICK SENIOR DIRECTOR OF COLLEGE GUIDANCE 127885 0 0 0 0 0 11510 0 13570 0 152965 0 0 0 PART III - LINE 1 THE TEAK FELLOWSHIP, INC. ("TEAK") BELIEVES THAT MOTIVATION AND POTENTIAL, NOT ECONOMIC CIRCUMSTANCES, SHOULD DETERMINE A STUDENT'S FUTURE. TEAK UNLOCKS ACCESS TO OUTSTANDING EDUCATION AND TRANSFORMATIVE EXPERIENCES FOR EXCEPTIONAL NYC STUDENTS, WHO USE THESE OPPORTUNITIES TO CHANGE THEIR LIVES AND THE WORLD AROUND THEM. PART III - LINE 4A MIDDLE SCHOOL PROGRAMMING: TEAK PROVIDES A CYCLE OF INTENSIVE PROGRAMS TO PREPARE MIDDLE SCHOOL STUDENTS TO SUCCEED AT SELECTIVE INDEPENDENT/PAROCHIAL AND SPECIALIZED HIGH SCHOOLS. TEAK'S MIDDLE SCHOOL CURRICULUM FOCUSED ON CORE ACADEMIC SKILLS IN ELA AND MATH, AS WELL AS PROVIDING STUDENTS WITH UNIQUE EXPOSURE TO STEM THROUGH CODING AND LAB-BASED SCIENCE COURSES, AND THE PERFORMING ARTS. TEAK ALSO PROVIDES AN INTENSIVE HIGH SCHOOL PLACEMENT PROGRAM, FEATURING SSAT TEST PREPARATION, AND INDIVIDUALIZED COACHING THROUGH THE HIGHLY-SELECTIVE HIGH SCHOOL PLACEMENT PROCESS. ALL STUDENTS ARE PAIRED WITH VOLUNTEER ADULT MENTORS, MANY OF WHOM ARE TEAK ALUMNI. TEAK PARENTS BENEFIT FROM ONGOING PROGRAMMING AS WELL. IN 2023, 100% OF TEAK'S CLASS 22 EARNED ADMISSION TO PRIVATE DAY, BOARDING, AND SCREENED HIGH SCHOOLS. PART III - LINE 4B HIGH SCHOOL PROGRAMMING: TEAK'S COMPREHENSIVE PROGRAMS AND SERVICES SUPPORT HIGH SCHOOL STUDENTS IN COMPETITIVE ACADEMIC ENVIRONMENTS, ENABLING THEM TO EXPLORE THEIR INTERESTS AND REACH THEIR POTENTIAL, WHILE ALSO PREPARING THEM FOR ADMISSION TO AND SUCCESS AT SELECTIVE COLLEGES. THIS 4-YEAR PROGRAM INCLUDES: INDIVIDUALIZED ACADEMIC ADVISING AND SUPPORT; A BREADTH OF EXPERIENTIAL LEARNING OPPORTUNITIES AND A MENU OF TRANSFORMATIONAL PROGRAMS DURING THE SUMMER; AND SUMMER INTERNSHIPS AT CORPORATIONS AND NONPROFIT ORGANIZATIONS. TEAK'S EXTENSIVE COLLEGE GUIDANCE PROGRAMMING INCLUDES INDIVIDUALIZED ONE-ON-ONE COUNSELING, INNOVATIVE PREPARATION FOR STANDARDIZED TESTS, TRIPS TO VISIT COLLEGE CAMPUSES, AND WORKSHOPS COVERING THE APPLICATION AND FINANCIAL AID PROCESSES. 100% OF THE HIGH SCHOOL GRADUATING CLASS OF 2023 EARNED ADMISSION TO SELECTIVE FOUR-YEAR COLLEGES AND UNIVERSITIES INCLUDING HARVARD, MIT, UNIVERSITY OF PENNSYLVANIA, NORTHWESTERN, AND NEW YORK UNIVERSITY. THE CLASS OF 2023 ALSO RECEIVED OVER $6 MILLION IN GRANTS FOR THEIR FOUR YEARS OF COLLEGE. PART III - LINE 4C COLLEGE SUCCESS PROGRAMMING: THE COLLEGE SUCCESS PROGRAM AIMS TO PROVIDE ONGOING ACADEMIC, CAREER, SOCIAL/EMOTIONAL AND FINANCIAL SUPPORT FOR FELLOWS TO THRIVE IN COLLEGE AND BEYOND. TEAK STAFF GUIDE STUDENTS THROUGH COURSE SELECTION AND MAKE PERSONAL VISITS TO CAMPUSES. IN 2023, TEAK STUDENTS REPORTED AN AVERAGE GPA OF 3.4 AT THE END OF THEIR FIRST SEMESTER. DURING HOLIDAY BREAKS AND SUMMERS, TEAK AND ITS PARTNER COMPANIES HOST WORKSHOPS ON INTERVIEW PREPARATION, CAREER PATHS, MICROSOFT EXCEL, FINANCIAL LITERACY, AND NETWORKING TO PREPARE STUDENTS FOR SUMMER INTERNSHIPS AND FUTURE EMPLOYMENT. TEAK ALSO HELPS STUDENTS AND FAMILIES RENEW THEIR FINANCIAL AID REQUESTS, A YEARLY PROCESS EVEN AFTER COLLEGE ADMITTANCE. TEAK REPORTS A GRADUATION RATE OF 85% FROM COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS PRESENTED TO THE TREASURER. THE TREASURER REVIEWS AND RECOMMENDS APPROVAL AND FILING TO THE FULL BOARD IF SATISFIED WITH THE DOCUMENT. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD AND KEY EMPLOYEES CONFIRM COMPLIANCE WITH THE POLICY BY ANNUALLY RE-READING THE CONFLICT OF INTEREST POLICY AND SIGNING A DISCLOSURE STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE GOVERNANCE & NOMINATING COMMITTEE REVIEWS SALARY SURVEYS, OTHER SUMMARIES OF COMPARABLE DATA, AND EVALUATION BY THE STAFF TO DETERMINE THE COMPENSATION OF THE EXECUTIVE DIRECTOR. THE COMMITTEE PRESENTS THE RECOMMENDATION TO THE FULL BOARD WHO APPROVES OR DENIES THE RECOMMENDATION. THE DETERMINATION IS SUBSTANTIATED IN WRITING IN AN ANNUAL LETTER OF APPOINTMENT AND PLACED IN THE EXECUTIVE DIRECTOR'S EMPLOYEE FILE. FORM 990, PART VI, SECTION C, LINE 19 TEAK WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST.