American Federation Of Teachers
- Assets
- $17.3m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 32
- Location
- Boston, MA
- Founding
- 02/1963
- Data as of
- 08/2023
- EIN
- 04-2307827
Organization Overview
American Federation Of Teachers is located in Boston, MA. The organization was established in 1963. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 08/2023, American Federation Of Teachers employed 32 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Federation Of Teachers is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2023, American Federation Of Teachers generated $11.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $9.8m during the year ending 08/2023. While expenses have increased by 2.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
LABOR UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT SERVICES TO LABOR UNION MEMBERS ON WORK RELATED ISSUES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Chaney Parent Comm Liason/exec Board Member | Trustee | 2 | $14,396 |
James Philip Executive Board Member | Trustee | 2 | $1,000 |
Michael Maguire Executive Board Member | Trustee | 2 | $13,000 |
Alice Yong Executive Board Member | Trustee | 2 | $2,000 |
Robert Carroll Executive Board Member | Trustee | 2 | $2,000 |
Allison Doherty Executive Board Member | Trustee | 2 | $2,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
617 Mediagroupcom Llc Media Relations | 8/30/22 | $195,883 |
Matthew Dwyer Esq Legal | 8/30/22 | $166,951 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,686,923 |
| Fundraising events | $0 |
| Related organizations | $406,952 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,093,875 |
| Total Program Service Revenue | $0 |
| Investment income | $531,454 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,625,329 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $138,805 |
| Compensation of current officers, directors, key employees. | $1,302,907 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $730,554 |
| Pension plan accruals and contributions | $210,565 |
| Other employee benefits | $538,341 |
| Payroll taxes | $165,679 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $727,426 |
| Fees for services: Accounting | $66,593 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $160,263 |
| Advertising and promotion | $0 |
| Office expenses | $149,565 |
| Information technology | $58,143 |
| Royalties | $0 |
| Occupancy | $135,348 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $844,623 |
| Interest | $0 |
| Payments to affiliates | $3,219,038 |
| Depreciation, depletion, and amortization | $25,139 |
| Insurance | $24,554 |
| All other expenses | $434,955 |
| Total functional expenses | $9,777,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,806 |
| Savings and temporary cash investments | $6,623,298 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $463,874 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $457,822 |
| Net Land, buildings, and equipment | $106,014 |
| Investments—publicly traded securities | $9,630,569 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,295,383 |
| Accounts payable and accrued expenses | $630,613 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $630,613 |
| Net assets without donor restrictions | $16,664,770 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,295,383 |