TEP Foundation Financials & Governance
The TEP Foundation, Inc. is an independent non-profit entity that is tax-exempt under Section 501(c)3 of the Internal Revenue Code. It has a separate Board of Trustees and is responsible for its own management and fundraising.
TEP Foundation Financials
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Per IRS regulations, tax-exempt organizations must disclose the last three years’ worth of tax filings and supporting documentation. The disclosure requirement is satisfied by posting the organization’s IRS Form 990s and related documents on its website.
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Annual Reports
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2022 Y-E Breakdown (Submitted by Treasurer Murray N. Greenberg, CPA)
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2022 P&L (Submitted by Treasurer Murray N. Greenberg, CPA)
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TEP Foundation Governance
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The TEP Foundation, Inc. periodically updates their bylaws and adopts new policies in compliance with all State and Federal Rules & Regulations. These documents are disclosed for transparent operating procedures.
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The TEP Foundation Bylaws:
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The TEP Foundation Policies:
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Conflict of Interest Policy (Adopted 10/22/'23)
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Whistleblower Policy (Adopted 10/22/'23)
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Endowment Policy (Adopted 12/10/'23)
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Investment & Spending Policy (Drafted 12/10/'23)
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Endowment Distribution & Administrative Fee Policy (Adopted 3/29/'24)
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Grant Guidelines Policy (Adopted 8/23/'24)
All financial or governance related questions please send an email to President@thetepfoundation.org