Tntp Inc
- Assets
- $74.6m
- Revenue
- $144.6m
- Investments
- $0.0
- Employees
- 1,045
- Location
- New York, NY
- Founding
- 09/1995
- Data as of
- 09/2022
- EIN
- 13-3850158
Organization Overview
Tntp Inc, operating under the name The New Teacher Project Inc, is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 09/2022, New Teacher Project Inc employed 1,045 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Teacher Project 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 09/2022, New Teacher Project Inc generated $144.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $127.0m during the year ending 09/2022. While expenses have increased by 10.4% per year over the past 7 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 2019, New Teacher Project Inc has awarded 78 individual grants totaling $11,408,472. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TNTP'S MISSION IS TO END THE INJUSTICE OF EDUCATIONAL INEQUALITY. SEE PART III FOR FULL MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLIENT SERVICES: TNTP WORKS AT EVERY LEVEL OF THE PUBLIC EDUCATION SYSTEM TO ATTRACT AND TRAIN TALENTED TEACHERS AND SCHOOL LEADERS, ENSURE RIGOROUS AND ENGAGING CLASSROOMS, AND CREATE ENVIRONMENTS THAT PRIORITIZE GREAT TEACHING AND ACCELERATE STUDENT LEARNING. SEE SCHEDULE O FOR FURTHER DETAIL ON TNTP'S FISCAL YEAR 2022 PROGRAM SERVICE ACCOMPLISHMENTS.
RESEARCH, POLICY AND ADVOCACYTNTP'S PUBLICATIONS SHARE WHAT WE ARE LEARNING IN SCHOOLS AND DISTRICTS NATIONWIDE. AS WE WORK ALONGSIDE TEACHERS AND LEADERS EACH DAY, WE IDENTIFY COMMON CHALLENGES, SEEK OUT TRENDS AND SHARE PROMISING SOLUTIONS. SEE SCHEDULE O FOR FURTHER DETAILS ON TNTP'S FISCAL YEAR 2022 PROGRAM SERVICE ACCOMPLISHMENTS.
DURING 2022, TNTP ACTED AS A FISCAL SPONSOR AND CUSTODIAN FOR FUNDS FOR TWO ORGANIZATIONS. BOTH ORGANIZATIONS HAVE MISSIONS ALIGNED WITH TNTP'S CHARITABLE MISSION IN THAT BOTH ORGANIZATIONS SEEK TO FURTHER THE EFFECTIVENESS OF EDUCATION ORGANIZATIONS THAT SERVE MARGINALIZED STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Weisberg Chief Executive Officer (thru Jan 2022) | Officer | 50 | $354,090 |
Crystal Harmon Reichman Chief Consulting Officer | Officer | 50 | $272,303 |
Tonya M Horton Evp, Central Operations | Officer | 50 | $266,269 |
Victoria Van Cleef Evp, Learning, Impact & Design | Officer | 50 | $256,347 |
Tequilla Brownie Chief Executive Officer | Officer | 50 | $248,488 |
Arlene Sukran Svp, Central Operations | 50 | $239,954 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Schoolkit Llc Educational Consulting | 9/29/22 | $2,075,300 |
Workday Inc Erp System Consulting | 9/29/22 | $405,614 |
Educational Analytics Inc Evaluation Services | 9/29/22 | $225,000 |
Effectual Public Sector Inc Technology And Cloud Consulting | 9/29/22 | $195,669 |
Standardworks Inc Educational Consulting | 9/29/22 | $200,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,331,479 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,133,994 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,465,473 |
| Total Program Service Revenue | $96,079,521 |
| Investment income | $47,896 |
| 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 | $144,637,728 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,155,804 |
| 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. | $2,196,552 |
| Compensation of current officers, directors, key employees. | $830,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,100,563 |
| Pension plan accruals and contributions | $2,225,294 |
| Other employee benefits | $6,962,396 |
| Payroll taxes | $5,387,810 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $130,652 |
| Fees for services: Accounting | $96,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,104,391 |
| Advertising and promotion | $323,684 |
| Office expenses | $1,982,891 |
| Information technology | $2,114,989 |
| Royalties | $0 |
| Occupancy | $37,790 |
| Travel | $4,301,592 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $983,609 |
| Interest | $16,333 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $575,503 |
| Insurance | $663,942 |
| All other expenses | $25,881 |
| Total functional expenses | $127,020,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,292,003 |
| Savings and temporary cash investments | $4,844,383 |
| Pledges and grants receivable | $6,432,216 |
| Accounts receivable, net | $27,168,820 |
| 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 | $1,155,322 |
| Net Land, buildings, and equipment | $883,146 |
| Investments—publicly traded securities | $549,111 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $259,092 |
| Total assets | $74,584,093 |
| Accounts payable and accrued expenses | $14,166,603 |
| Grants payable | $0 |
| Deferred revenue | $4,283,399 |
| 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 | $18,450,002 |
| Net assets without donor restrictions | $49,226,988 |
| Net assets with donor restrictions | $6,907,103 |
| 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 | $74,584,093 |
Grants Awarded
Over the last fiscal year, Tntp Inc has awarded $4,155,404 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
Rocky Hill, CT PURPOSE: DESIGNING, PLANNING, AND MONITORING THE IMPLEMENTATION OF INSTRUCTIONAL SYSTEMS | $1,213,191 |
Hudson, NY PURPOSE: FISCAL SPONSORSHIP SEEKING TO FURTHER THE EFFECTIVENESS OF EDUCATIONAL ORGANIZATIONS THAT SERVE MARGINALIZED STUDENTS | $542,182 |
PASADENA UNIFIED SCHOOL DISTRICT PURPOSE: DESIGNING, PLANNING, AND MONITORING THE IMPLEMENTATION OF INSTRUCTIONAL SYSTEMS | $306,129 |
Oakland, CA PURPOSE: IMPLEMENTATION OF INNOVATIVE LEARNING HUBS THAT MEET THE NEEDS OF VULNERABLE STUDENT GROUPS | $225,000 |
Indianapolis, IN PURPOSE: IMPLEMENTATION OF INNOVATIVE LEARNING HUBS THAT MEET THE NEEDS OF VULNERABLE STUDENT GROUPS | $225,000 |
GUILFORD COUNTY SCHOOLS BOARD OF EDUCATION PURPOSE: IMPLEMENTATION OF INNOVATIVE LEARNING HUBS THAT MEET THE NEEDS OF VULNERABLE STUDENT GROUPS | $200,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tntp Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Board New York, NY | $1,954,390,358 | $983,201,971 |
Tntp Inc New York, NY | $74,584,093 | $144,637,728 |
The Ojc Fund Brooklyn, NY | $23,560,613 | $136,800,085 |
Lawschool Admissions Council Inc Newtown, PA | $258,854,616 | $78,237,863 |
Uncommon Schools Inc New York, NY | $293,550,038 | $84,601,875 |
Educational Commission For Foreign Medical Graduates Philadelphia, PA | $218,692,756 | $72,786,979 |
Amsterdam House Continuing Care Retirement Community Inc Port Washington, NY | $223,728,704 | $36,044,280 |
Sponsors For Educational Opportunity Inc New York, NY | $71,324,699 | $43,724,114 |
The Achievement Network Ltd Boston, MA | $23,559,572 | $30,118,976 |
Leadership For Educational Equity New York, NY | $8,736,194 | $32,582,451 |
Foundation For City College New York, NY | $332,549,861 | $102,453,904 |
Saga Innovations Framingham, MA | $30,229,601 | $39,236,690 |