Teaching Matters Inc
- Assets
- $14.2m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 104
- Location
- New York, NY
- Founding
- 08/1994
- Data as of
- 08/2023
- 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 08/2023, Teaching Matters Inc employed 104 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 08/2023, Teaching Matters Inc generated $7.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $10.1m during the year ending 08/2023. 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
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 |
|---|---|---|---|
Dionis Rodriguez Chairman | OfficerTrustee | 5 | $0 |
Ingrid Edelman Vice Chair | OfficerTrustee | 2 | $0 |
Sonny Kalsi Vice Chair | OfficerTrustee | 2 | $0 |
Olga Votis Vice Chair | OfficerTrustee | 2 | $0 |
Joseph Lewis Treasurer | OfficerTrustee | 2 | $0 |
Dana Creel Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Barbara Escudero Preparation Of Proposal | 8/30/22 | $151,400 |
Colangelo And Partners Public Relations Pr And Communications | 8/30/22 | $127,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $600,104 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,128,948 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,729,052 |
| Total Program Service Revenue | $5,771,733 |
| Investment income | $177,347 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $77,857 |
| Net Income from Fundraising Events | -$59,820 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,696,235 |
| 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. | $532,239 |
| Compensation of current officers, directors, key employees. | $76,628 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,238,743 |
| Pension plan accruals and contributions | $167,133 |
| Other employee benefits | $680,348 |
| Payroll taxes | $539,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,918 |
| Fees for services: Accounting | $34,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,000 |
| Fees for services: Other | $1,008,805 |
| Advertising and promotion | $50,917 |
| Office expenses | $108,924 |
| Information technology | $223,078 |
| Royalties | $0 |
| Occupancy | $133,027 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $158,697 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,516 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $10,137,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,917,111 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,069,118 |
| Accounts receivable, net | $886,090 |
| 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 | $33,790 |
| Net Land, buildings, and equipment | $23,514 |
| Investments—publicly traded securities | $7,106,388 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $176,112 |
| Total assets | $14,212,123 |
| Accounts payable and accrued expenses | $163,424 |
| Grants payable | $0 |
| Deferred revenue | $118,000 |
| 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 | $176,112 |
| Total liabilities | $457,536 |
| Net assets without donor restrictions | $8,064,823 |
| Net assets with donor restrictions | $5,689,764 |
| 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 | $14,212,123 |