Initial Teaching Alphabet Foundation Inc
- Assets
- $2.0m
- Revenue
- $2.1m
- Investments
- $110.0k
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1966
- Data as of
- 12/2023
- EIN
- 11-2074243
Organization Overview
Initial Teaching Alphabet Foundation Inc is located in New York, NY. The organization was established in 1966. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Initial Teaching Alphabet Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Initial Teaching Alphabet Foundation Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $596.1k during the year ending 12/2023. While expenses have increased by 0.3% 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.
Since 2015, Initial Teaching Alphabet Foundation Inc has awarded 69 individual grants totaling $2,721,869. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE ACTIVITIES: PROMOTION OF THE USE OF THE INITIAL TEACHING ALPHABET (ITA) THROUGH THE DEVELOPMENT OF ITA LESSON DEVELOPMENT SYSTEM, INCLUDING THE DEVELOPMENT OF RELATED SOFTWARE AND TEACHING PUBLICATIONS, IN-SERVICE TRAINING TO GRANT RECIPIENTS AND PROVIDING INFORMATIONAL SERVICES OF ITA AND ITA LESSON DEVELOPMENT SYSTEM TO NON-RECIPIENTS.
GRANT MAKING ACTIVITIES - SEE LIST OF RECIPIENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelley Jerviss Director | 8 | $7,000 | |
Dr Jane Anderson Director | 20 | $56,833 | |
Erin Hemstead Secretary | 2 | $1,000 | |
Margaret Westlund President | 4 | $1,000 | |
Edith Galvez Treasurer | 2 | $1,000 | |
Linda Vaplon Vice-President | 2 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,095,495 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,349 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,099,844 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $67,833 |
| Other employee salaries and wages | $12,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,028 |
| Depreciation | $0 |
| Occupancy | $1,131 |
| Travel, conferences, and meetings | $42,867 |
| Printing and publications | $0 |
| Other expenses | $52,384 |
| Total operating and administrative expenses | $197,243 |
| Contributions, gifts, grants paid | $398,874 |
| Total expenses and disbursements | $596,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,875,792 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,112 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,986,915 |
| Accounts payable and accrued expenses | $15,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,000 |
Grants Awarded
Over the last fiscal year, Initial Teaching Alphabet Foundation Inc has awarded $398,874 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
INVESTING IN KIDSINK PURPOSE: TO FURTHER PROMOTE AND TEACH THE FOUNDATION'S PRIMARY GOAL - THE USE OF THE INITIAL TEACHING ALPHABET | $20,000 |
HUTCHINSON MIDDLE SCHOOL PURPOSE: TO FURTHER PROMOTE AND TEACH THE FOUNDATION'S PRIMARY GOAL - THE USE OF THE INITIAL TEACHING ALPHABET | $60,402 |
LITTLE VILLAGE ACADEMY PURPOSE: TO FURTHER PROMOTE AND TEACH THE FOUNDATION'S PRIMARY GOAL - THE USE OF THE INITIAL TEACHING ALPHABET | $126,680 |
ORTIZ LORD HOPE ASSOCIATES PURPOSE: TO FURTHER PROMOTE AND TEACH THE FOUNDATION'S PRIMARY GOAL - THE USE OF THE INITIAL TEACHING ALPHABET | $82,166 |
ROCHESTER CATHOLIC SCHOOLS PURPOSE: TO FURTHER PROMOTE AND TEACH THE FOUNDATION'S PRIMARY GOAL - THE USE OF THE INITIAL TEACHING ALPHABET | $59,160 |
SAN MIGUEL SCHOOL OF CHICAGO PURPOSE: TO FURTHER PROMOTE AND TEACH THE FOUNDATION'S PRIMARY GOAL - THE USE OF THE INITIAL TEACHING ALPHABET | $19,406 |