Featured in the New York Times, The Wall Street Journal and on 60 minutes for its $125,000 teacher salaries and outstanding results, The Equity Project (TEP) Charter School opened in September 2009. Originally a 5th through 8th-grade middle school, TEP now also serves students in Kindergarten and 1st grade and will soon be adding Pre-K, 2nd, 3rd, and 4th grades, eventually becoming a Pre-K through 8th-grade school serving 1200 students.
Located in the NYC neighborhood of Washington Heights, TEP is succeeding in closing the Latino-White achievement gap. TEP's mission is to achieve educational equity for disadvantaged students by utilizing master teachers to provide rigorous academics, arts, and athletics instruction. TEP reallocates the public funding it receives as a charter school to pay its teaching professionals an annual salary of $125,000, with the opportunity to earn a significant performance bonus.
As reported in the Wall Street Journal, a rigorous long-term study found that TEP produced major achievement impacts, including test score gains equal to an additional 1.6 years of school in math, with significant gains in science and English.