Teaching Matters Inc
- Assets
- $19.6m
- Revenue
- $14.2m
- Investments
- $6.2k
- Employees
- 64
- Location
- New York, NY
- Founding
- 08/1994
- Data as of
- 08/2021
- EIN
- 13-3770472
Organization Overview
Teaching Matters Inc is located in New York, NY. The organization was established in 1994. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 08/2021, Teaching Matters Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teaching Matters 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 08/2021, Teaching Matters Inc generated $14.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $7.7m during the year ending 08/2021. While expenses have increased by 4.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO CLOSE THE OPPORTUNITY GAP OF A RADICALLY UNEQUAL EDUCATION SYSTEM FOR UNDERSERVED AND HISTORICALLY MARGINALIZED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL-BASED LEADERSHIP AND INSTRUCTIONAL SUPPORT: SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynette Guastaferro Chief Executive Officer | Officer | 40 | $200,451 |
Jane Condliffe Deputy Director | 40 | $161,142 | |
Jennifer Murtha Chief Operating Officer | 40 | $150,996 | |
Jacobe Bell Nsi Network Leader | 40 | $139,802 | |
Maria Garcia Underwood Cei Director | 40 | $136,309 | |
William Heller Sr Educational Coach | 35 | $135,082 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $267,777 |
| Related organizations | $0 |
| Government grants | $808,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,793,585 |
| Noncash contributions included in lines 1a–1f | $65,588 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,869,362 |
| Total Program Service Revenue | $3,121,511 |
| Investment income | $125,964 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $65,588 |
| Net Income from Fundraising Events | -$35,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,154,579 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $307,553 |
| Compensation of current officers, directors, key employees. | $43,734 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,586,809 |
| Pension plan accruals and contributions | $139,338 |
| Other employee benefits | $445,018 |
| Payroll taxes | $414,003 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,669 |
| Fees for services: Accounting | $42,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,038 |
| Fees for services: Other | $834,293 |
| Advertising and promotion | $178,997 |
| Office expenses | $92,030 |
| Information technology | $163,206 |
| Royalties | $0 |
| Occupancy | $134,829 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,645 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,516 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,664,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,665,965 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,117,995 |
| Accounts receivable, net | $170,180 |
| 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 | $59,072 |
| Net Land, buildings, and equipment | $70,546 |
| Investments—publicly traded securities | $7,519,126 |
| Investments—other securities | $6,154 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,609,038 |
| Accounts payable and accrued expenses | $133,993 |
| Grants payable | $0 |
| Deferred revenue | $281,665 |
| 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 | $415,658 |
| Net assets without donor restrictions | $9,422,209 |
| Net assets with donor restrictions | $9,771,171 |
| 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 | $19,609,038 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Teaching Matters Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $10,000 |
Endowment Analysis
| Beg. Balance | $4,230,964 |
| Net Contributions | $9,523,532 |
| Other Expense | $3,233,325 |
| Ending Balance | $10,521,171 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John A Coleman School Yonkers, NY | $5,649,439 | $19,245,814 |
Halo Network Inc Amityville, NY | $5,984,377 | $20,823,404 |
Ascend Learning Inc Brooklyn, NY | $10,949,837 | $20,246,927 |
Pike School Inc Andover, MA | $31,746,911 | $18,230,890 |
Lindley Academy Charter School At Birney Philadelphia, PA | $8,724,796 | $15,521,412 |
Workforce Development Corp New York, NY | $20,852,099 | $12,566,315 |
International School Of Brooklyn Brooklyn, NY | $6,521,944 | $15,095,239 |
Watershed Agricultural Council Of The New York City Watersheds Inc Walton, NY | $8,601,609 | $14,819,769 |
North Atlantic States Carpenters Labor Management Program Boston, MA | $29,841,142 | $12,688,057 |
Purpose Foundation Island Park, NY | $1,585,866 | $11,041,724 |
Tech Impact Philadelphia, PA | $10,895,345 | $15,289,025 |
Tikva Corp West Caldwell, NJ | $10,446,184 | $12,711,125 |