Teach For America Inc
- Assets
- $527.2m
- Revenue
- $275.6m
- Investments
- $0.0
- Employees
- 3,080
- Location
- New York, NY
- Founding
- 06/1993
- Data as of
- 05/2023
- EIN
- 13-3541913
Organization Overview
Teach For America Inc is located in New York, NY. The organization was established in 1993. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 05/2023, Teach For America Inc employed 3,080 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teach For America 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 05/2023, Teach For America Inc generated $275.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $298.2m during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Teach For America Inc has awarded 25 individual grants totaling $30,957,112. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TEACH FOR AMERICA FINDS, DEVELOPS AND SUPPORTS EQUITY-ORIENTED LEADERS TO TRANSFORM EDUCATION AND EXPAND OPPORTUNITY FOR ALL CHILDREN.
Describe the Organization's Program Activity:
CORPS MEMBERS - TFA RECRUITS, SELECTS, TRAINS AND DEVELOPS EXCEPTIONAL, DIVERSE, EQUITY-ORIENTED LEADERS TO TEACH THE NATION'S MOST UNDERSERVED STUDENTS. THE ORGANIZATION HOSTS ON AND OFF CAMPUS RECRUITMENT EVENTS, NETWORKS AND CULTIVATES RELATIONSHIPS WITH PROSPECTS AND COMMUNITIES IN ORDER TO RECRUIT EXCEPTIONAL LEADERS. THE ORGANIZATION THEN PROCESSES APPLICATIONS AND CONDUCTS INTERVIEWS TO SELECT CORPS MEMBERS, PLACING THEM IN VARIOUS URBAN AND RURAL REGIONS THROUGHOUT THE UNITED STATES. CORPS MEMBERS ARE SUPPORTED FINANCIALLY, AND ENGAGE IN INTENSIVE VIRTUAL, HYBRID, AND IN-PERSON TRAINING WHERE THEY HAVE THE OPPORTUNITY TO UNDERSTAND THEIR ROLE AND WORK, BUILD COMMUNITY WITH ONE ANOTHER, LEARN PRACTICAL SKILLS, AND APPLY THEIR LEARNING IN PREPARATION FOR THEIR FIRST DAY OF SCHOOL. CORPS MEMBERS ARE THEN SUPPORTED THROUGHOUT A TWO-YEAR CLASSROOM EXPERIENCE WITH ADDITIONAL COACHING AND INSTRUCTIONAL SUPPORTS AS WELL AS LEADERSHIP AND/OR EDUCATOR PROFESSIONAL DEVELOPMENT.
IGNITE FELLOWSHIP - IGNITE FELLOWS ARE A NATIONAL TUTORING CORPS DESIGNED TO ACCELERATE LEARNING AND FOSTER BELONGING WITH STUDENTS, LEVERAGING RESEARCH-BASED BEST PRACTICES FOR HIGH-IMPACT TUTORING. IGNITE BUILDS ON TEACH FOR AMERICA'S OVER 30 YEARS OF EXPERIENCE RECRUITING, DEVELOPING, AND SUPPORTING TALENT AND PARTNERING WITH COMMUNITIES ACROSS THE COUNTRY TO HELP STUDENTS OVERCOME THE SYSTEMIC BARRIERS TO AN EXCELLENT EDUCATION. THE IGNITE FELLOWSHIP BRINGS EXCEPTIONAL, EQUITY-MINDED LEADERS INTO CLASSROOMS VIRTUALLY TO ADD IMMEDIATE VALUE FOR STUDENTS, WHILE CREATING SHIFTS TOWARDS THE FUTURE OF EQUITABLE LEARNING.
ALUMNI - TFA HAS AN ALUMNI BASE OF FORMER CORPS MEMBERS ALL OVER THE WORLD. THIS NETWORK IS INSTRUMENTAL IN DRIVING REAL CHANGE AND IMPACT IN EDUCATION. TFA ENGAGES IN ACTIVITIES THAT SUPPORT AND ENCOURAGE ALUMNI TO CONTINUE WORK IN EDUCATION AND ACROSS SECTORS BY CONNECTING THEM WITH VARIOUS CAREER AND PARTNERSHIP OPPORTUNITIES, AS WELL AS RESOURCES, PROGRAMS, AND EVENTS. TFA ALSO SUPPORTS ALUMNI VIA ACTIVITIES INTENDED TO DEVELOP ALUMNI IN LEADERSHIP PRACTICE AND/OR SPECIFIC PROGRAMMATIC AREAS: CLASSROOM PRACTICE, SCHOOL LEADERSHIP, SCHOOL SYSTEMS LEADERSHIP, POLICY/ORGANIZING WORK, AND SOCIAL ENTREPRENEURSHIP.
SYSTEMS CHANGE - TFA RECOGNIZES THAT SIGNIFICANT PROGRESS IN EDUCATION CAN ONLY BE ACHIEVED WITH EXTRAORDINARY ACTIONS AND PARTNERSHIPS WITHIN THE COMMUNITIES IN WHICH WE WORK. CREATING SYSTEM CHANGE IS ABOUT RESEARCHING NEW OPPORTUNITIES - WORKING ALONGSIDE A COALITION OF ALUMNI, STUDENTS, AND COMMUNITY LEADERS AND PARTNERS TO IDENTIFY PATTERNS AND STRATEGIES THAT CAN LEAD TO SYSTEM IMPACT AND ACHIEVE OUR GOALS. INVESTING IN WORK THAT ALLOWS LEARNING OF NEW CAPABILITIES AND EXPERIMENTATION WITH INNOVATIVE PRACTICES TO BRING FORTH A REINVENTION OF THE EXISTING SCHOOL MODELS. THIS IS A NEW PROGRAM FOR TFA IN FY23.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director (chair) | OfficerTrustee | 1 | $0 |
Name Not Listed Director/officer-Ceo | OfficerTrustee | 60 | $498,957 |
Name Not Listed Treasurer ( Through 9/19/2024) | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director ( Terminated 7/22/2022) | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Institutes For Research Professional Service - Program Research | 5/30/23 | $1,717,598 |
Barkley Inc Campaign Development Consulting | 5/30/23 | $1,117,502 |
Vchief Llc Virtual Assistant Services | 5/30/23 | $1,072,497 |
Svam International Inc It Consultant Support | 5/30/23 | $948,253 |
Column Five Media Inc Media Campaign Consulting | 5/30/23 | $848,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $483,233 |
| Membership dues | $0 |
| Fundraising events | $9,684,154 |
| Related organizations | $0 |
| Government grants | $52,675,293 |
| All other contributions, gifts, grants, and similar amounts not included above | $190,582,224 |
| Noncash contributions included in lines 1a–1f | $4,196,483 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $253,424,904 |
| Total Program Service Revenue | $15,457,832 |
| Investment income | $7,219,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $438 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,919 |
| Net Income from Fundraising Events | -$740,955 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $275,572,075 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,419,354 |
| Grants and other assistance to domestic individuals. | $25,271,198 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,129,555 |
| Compensation of current officers, directors, key employees. | $347,166 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,059,339 |
| Pension plan accruals and contributions | $6,002,553 |
| Other employee benefits | $22,202,449 |
| Payroll taxes | $12,961,454 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $419,348 |
| Fees for services: Accounting | $154,275 |
| Fees for services: Lobbying | $1,245,989 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $135,522 |
| Fees for services: Other | $15,798,434 |
| Advertising and promotion | $1,087,789 |
| Office expenses | $5,183,033 |
| Information technology | $4,402,097 |
| Royalties | $0 |
| Occupancy | $10,022,403 |
| Travel | $6,865,815 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,360,120 |
| Interest | $508,490 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,126,827 |
| Insurance | $549,726 |
| All other expenses | $112,703 |
| Total functional expenses | $298,156,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,804,493 |
| Savings and temporary cash investments | $881,981 |
| Pledges and grants receivable | $35,924,552 |
| Accounts receivable, net | $702,449 |
| 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 | $9,718,130 |
| Net Land, buildings, and equipment | $13,506,967 |
| Investments—publicly traded securities | $373,682,663 |
| Investments—other securities | $0 |
| Investments—program-related | $699,632 |
| Intangible assets | $0 |
| Other assets | $49,263,715 |
| Total assets | $527,184,582 |
| Accounts payable and accrued expenses | $40,622,250 |
| Grants payable | $0 |
| Deferred revenue | $6,344,069 |
| 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 | $56,581,971 |
| Total liabilities | $103,548,290 |
| Net assets without donor restrictions | $157,410,430 |
| Net assets with donor restrictions | $266,225,862 |
| 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 | $527,184,582 |
Grants Awarded
Over the last fiscal year, Teach For America Inc has awarded $6,325,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
LEADERSHIP FOR EDUCATIONAL EQUITY FOUNDATION PURPOSE: The purpose of this grant is to assist LEE member growth and engagement. To grow overall membership base | $4,200,000 |
ACHIEVE MIAMI INC PURPOSE: The purpose of this grant is to support The Teacher Accelerator Pipeline (TAP) Program | $50,000 |
UNIVERSITY OF NEVADA LAS VEGAS PURPOSE: The purpose of this grant is to provide financialunderwriting for the costs of NIAE Operations and Programs related to two key and interrelatedfunctions: (1) rigorous preparation of education professionals in practice-intensive environments;and (2) explicit and systematic support for ongoing innovation and examination of promising newapproaches to education. | $2,000,000 |
BALTIMORE CITY PUBLIC SCHOOLS PURPOSE: The purpose of this grant is to support a program to 1. Ensure every child who needs a screening, eye exam, and eyeglasses participates in the Pupil Project, 2. Ensure teachers are aware of which students receive glasses and monitor their eyeglass usage | $25,000 |
CURTIS BAY ELEMENTARY SCHOOL PURPOSE: The purpose of this grant is to support a program to 1. Ensure every child who needs a screening, eye exam, and eyeglasses participates in the Pupil Project, 2. Ensure teachers are aware of which students receive glasses and monitor their eyeglass usage | $12,500 |
NEW SONG COMMUNITY LEARNING CENTER PURPOSE: The purpose of this grant is to support a program to 1. Ensure every child who needs a screening, eye exam, and eyeglasses participates in the Pupil Project, 2. Ensure teachers are aware of which students receive glasses and monitor their eyeglass usage | $12,500 |