2025-10-06T13:01:08-05:00 2024-12-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2024-01-01 134011465 THE TEAK FELLOWSHIP INC TEAK 2122886678 16 WEST 22ND STREET 3RD FLOOR 301 NEW YORK NY 10010 JARED HOROWITZ TREASURER 2122886678 2025-10-01 1 0 ALEXANDER LAZZARUOLO P01775353 2126617777 2024 2025-03-06 01:10:19Z JARED HOROWITZ 16 WEST 22ND STREET 3RD FLOOR 301 NEW YORK NY 10010 12182855 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. 21 21 68 385 0 0 6031239 9980709 0 0 489880 712834 -410926 -364420 6110193 10329123 0 0 0 0 2827268 3134795 160000 84161 425476 1498320 1699359 4485588 4918315 1624605 5410808 21252709 28186498 2079143 1938815 19173566 26247683 X SEE SCHEDULE O. 1 1 1787069 MIDDLE SCHOOL PROGRAMMING - SEE SCHEDULE O. 1306293 HIGH SCHOOL PROGRAMMING - SEE SCHEDULE O. 645368 COLLEGE SUCCESS PROGRAMMING - SEE SCHEDULE O. 441286 441286 4180016 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 1 0 0 0 0 0 0 0 0 1 45 0 1 68 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 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 JUDSON TRAPHAGEN 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 AMY HONG 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 CARYN SEIDMAN-BECKER DIRECTOR 3.00 X 0 0 0 MICHAEL DEFLORIO DIRECTOR 3.00 X 0 0 0 ALEXANDER SLOANE DIRECTOR 3.00 X 0 0 0 SUSAN WEISS DIRECTOR 3.00 X 0 0 0 JACQUELINE GARAVANTE DIRECTOR 3.00 X 0 0 0 JUSTINE STAMEN ARRILLAGA CHAIR EMERITUS 3.00 X 0 0 0 DENISE BROWN-ALLEN EXECUTIVE DIRECTOR 65.00 X 283000 0 53120 LAUREN GRISHON DEPUTY DIRECTOR 55.00 X 174500 0 30260 LINA KO DIRECTOR OF FINANCE AND AD 55.00 X 137000 0 10120 OYSHIKU CARR SENIOR DIRECTOR OF MIDDLE 55.00 X 132000 0 9400 DANIEL BLEDNICK SENIOR DIRECTOR OF COLLEGE 55.00 X 132000 0 26520 858500 0 129420 5 0 1 0 0 2791964 7188745 596364 9980709 696951 696951 1251494 1235611 15883 15883 15883 253701 2791964 618121 -364420 -364420 10329123 0 0 348414 336120 295786 16805 23529 2178026 1916663 108901 152462 120979 106462 6049 8468 264114 232420 13206 18488 235556 207289 11778 16489 18475 14780 2771 924 13930 11144 2089 697 84161 84161 96841 96841 22676 18141 3402 1133 107830 96689 5770 5371 74367 63212 7438 3717 491915 435954 28952 27009 3797 3417 190 190 38972 33515 3508 1949 STUDENT SERVICES & SUPP 678687 678687 FUNRAISING 78696 78696 OTHER 73173 65857 5123 2193 4918315 4180016 312823 425476 16616 1195 851410 573530 206410 188156 116325 124807 592604 350201 200353 242403 18003295 25288723 1858300 1767684 21252709 28186498 202594 118220 1876549 1820595 2079143 1938815 X 18012184 21358315 1161382 4889368 19173566 26247683 21252709 28186498 5410808 1663309 0 X 0 1 X 1 0 X 3631677 3764207 3046561 6031239 9980709 26454393 3631677 3764207 3046561 6031239 9980709 26454393 557944 25896449 278177 364639 439747 522184 696951 2301698 28756091 0.90060 0.87610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5317548 3783542 55556 9045534 5461992 100000 244444 5317548 5261992 335000 135000 5461992 5361992 100000 5261992 5261992 200000 100000 5361992 0.46000 0.54000 0 0 399107 156704 242403 193497 193497 0 242403 RIGHT OF USE ASSET, OPERATING LEASE 1767684 1767684 OPERATING LEASE 1820595 1820595 11861502 1663309 50072 1713381 10148121 96841 84161 181002 10329123 4787385 50072 50072 4737313 96841 84161 181002 4918315 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 84,161. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS, NET OF PROFESSIONAL FUNDRAISING EXPENSES 84,161. X X X X 1 EVENT MANAGEMENT GROUP 411 EAST 83RD STREET SUITE 3F NEW YORK NY 10028 PROVIDE LOGISTICAL SUPPORT 0 3045665 84161 2961504 3045665 84161 2961504 GALA 2661251 2468751 192500 24427 261861 231055 MIDSUMMER NIGHT 384414 323213 61201 35000 600 65178 3045665 2791964 253701 24427 296861 600 296233 618121 -364420 1 X X 0 0 0 0 0 0 0 0 0 DENISE BROWN-ALLEN EXECUTIVE DIRECTOR 280000 0 0 0 3000 0 31800 0 21320 0 336120 0 0 0 LAUREN GRISHON DEPUTY DIRECTOR 172000 0 2500 0 0 0 11140 0 19120 0 204760 0 0 0 DANIEL BLEDNICK SENIOR DIRECTOR OF COLLEGE 132000 0 0 0 0 0 12700 0 13820 0 158520 0 0 0 X 14 596364 FMV 0 1 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. FORM 990, PART III, LINE 2 TEAK HAS SUCCESSFULLY DEVELOPED AND IMPLEMENTED OUR NEW FINANCIAL LITERACY PROGRAM SPANNING THE 10 YEARS OF THE PROGRAM. THE PROGRAM FIRST LAUNCHED IN APRIL 2024 AND IS NOW A PART OF THE CURRICULUM FOR EVERY STUDENT. EXPANDED CAREER DEVELOPMENT OFFERINGS: KEY ACHIEVEMENTS INCLUDE: INCREASED ENGAGEMENT FROM MIDDLE SCHOOL FELLOWS; REPRESENTATION AND EXPOSURE ACROSS CAREER INDUSTRIES; NEW STRATEGIC PARTNERSHIPS AND PROFESSIONAL SKILL BUILDING OPPORTUNITIES; STRONGER PREPARATION FOR INTERNSHIP AND JOB RECRUITMENT. FORM 990, PART III, LINE 3 IN THE SPRING OF 2024, TEAK INTRODUCED A NEW THIRD TRIMESTER TO PROVIDE ADDITIONAL STEM ROBOTICS AND LEADERSHIP CLASSES FOR OUR 7TH AND 8TH GRADE FELLOWS. PART III - LINE 1 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. MIDDLE SCHOOL STUDENTS PARTICIPATED IN FINANCIAL LITERACY WORKSHOPS, CAREER DEVELOPMENT PROGRAMMING, AND A NEW THIRD TRIMESTER OF STEM AND LEADERSHIP CLASSES. TEAK'S SUMMER INSTITUTE MANDATORY PROGRAM INCLUDES RIGOROUS ACADEMIC CLASSES, TEST PREPERATION, ARTS AND ELECTIVE CLASSES, AND WEEKLY FIELD TRIPS. 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 2024, 100% OF TEAK'S GRADUATING 8TH GRAD STUDENTS 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 2024 EARNED ADMISSION TO SELECTIVE FOUR-YEAR COLLEGES AND UNIVERSITIES INCLUDING HARVARD, UNIVERSITY OF PENNSYLVANIA, NORTHWESTERN, TUFTS AND NEW YORK UNIVERSITY. THE CLASS OF 2024 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 SELECTIONS AND MAKE PERSONAL VISITS TO CAMPUSES. DURING HOLIDAY BREAKS AND SUMMERS, TEAK AND ITS PARTNER COMPANIES HOST WORKSHOPS ON INTERVIEW PREPERATION, CAREER PATHS, MICROSOFT EXCEL, FINANCIAL LITERACY, AND NETWORKING TO PREPARE STUDENTS FOR SUMMER INTERNSHIPS AND FUTURE EMPLOYMENT. TEAK IS PROVIDING EXPANDED PROFESSIONAL DEVELOPMENT AND LEADERSHIP TRAINING TO INCREASE PREPAREDNESS FOR INTERNSHIPS, GRADUATE SCHOOL AND JOBS. TEAK ALSO HELPS STUDENTS AND FAMILIES RENEW THEIR FINANCIAL AID REQUESTS, A YEARLY PROCESS EVEN AFTER COLLEGE ADMITTANCE. 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.