TEP is pleased to provide its budget as a document for schools and researchers interested in TEP’s unique financial model.

This document aims to demonstrate that TEP’s radical investment in teacher equity is sustainable in the long-term and based on conservative financial assumptions. TEP believes in transparently sharing its financial model as a way of inspiring other schools to consider TEP’s approach to investing in teacher quality, while at the same time informing the broader debate surrounding educational reform.

 

Of particular note, TEP relies almost exclusively on the public funding available to charter schools through city, state, and federal revenue sources. TEP only seeks private grants for basic start-up costs and its facility fund. These private grants are simply a way of “leveling the funding playing field” with traditional public schools, which receive a free public school facility. (In contrast, even though TEP is a public school, TEP must pay for the construction of its own school facility.)

 
To download a copy of  TEP's projected FY2011 annual budget, please click here.