The TEP Foundation Inc

Nonprofit profile at a glance

EIN
135151286
IRS 990-EZ coverage
2018–2020
Forms available
Form 990-EZ 2020
Location
St Cloud, FL, USA
Phone
9853739180
Rating
50
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$1,472
Expenses
$2,965
Assets
$21,820

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Alan Ledewitz (Vice President)
  • Jason Berler (President)

People named in this filing

  • Alan Ledewitz (Vice President)
  • Jason Berler (President)
  • Jim Durbin (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide scholarships and educational opportunities for members of the undergraduate fraternity

What it reported doing in 2020

The Organization has made scholarship presentation to undergraduate members of the fraternity

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.

The verdict

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 21
  • Transparency & Controls: 82
  • Sustainability: 37
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 34%; rating input score 34
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -101.4%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 7.36; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 42.3% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 43.8% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 0.9% per year; rating input score 100; 42nd percentile among comparable filings

Details

  • Where the money goes: 34% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2018 to 2020
  • Contacts: How to reach this organization
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 34/100.
  • High — Sustainability: Operating margin scored 13/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.