American Federation Of Teachers
- Assets
- $330.2m
- Revenue
- $192.5m
- Investments
- $68.5m
- Employees
- 1,104
- Location
- New York, NY
- Founding
- 02/1945
- Data as of
- 07/2023
- EIN
- 13-5582895
Organization Overview
American Federation Of Teachers is located in New York, NY. The organization was established in 1945. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 07/2023, American Federation Of Teachers employed 1,104 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Federation Of Teachers is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 07/2023, American Federation Of Teachers generated $192.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $207.5m during the year ending 07/2023. While expenses have increased by 2.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PAGE 2, PART III, LINE 4A
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SERVE ITS MEMBERS AND OTHER EMPLOYEES IN SEEKING FAVORABLE EMPLOYMENT CONDITIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mulgrew President | OfficerTrustee | 35 | $327,735 |
Debra Penny Treasurer | OfficerTrustee | 30 | $114,240 |
Janella Hinds Vice Pres. - Acad.hs/spec. | OfficerTrustee | 30 | $98,865 |
Mary Vaccaro VP Education | OfficerTrustee | 35 | $195,567 |
Leo Gordon Vice Pres. - Car & Tech Hs | OfficerTrustee | 30 | $78,008 |
Anne Goldman Vice Pres. - Non Doe | OfficerTrustee | 1 | $80,004 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stroock & Stroock & Lavan Legal Services | 7/30/23 | $3,425,693 |
Feldman Kramer & Monaco Pc Legal Services | 7/30/23 | $2,800,000 |
Brooklyn Renaissance Plaza Llc Landlord | 7/30/23 | $2,494,589 |
Wesbuilt Contrsturction Managers Llc Construction | 7/30/23 | $2,417,026 |
Salesforce Com Inc Consultant | 7/30/23 | $2,132,146 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,393,655 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,393,655 |
| Total Program Service Revenue | $191,469,206 |
| Investment income | $254,582 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$918,284 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $192,531,296 |
| 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 | $3,699,996 |
| Compensation of current officers, directors, key employees. | $8,750,387 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,305,382 |
| Pension plan accruals and contributions | $4,152,411 |
| Other employee benefits | $11,791,980 |
| Payroll taxes | $3,306,815 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,938,808 |
| Fees for services: Accounting | $134,010 |
| Fees for services: Lobbying | $2,476,529 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,018,734 |
| Advertising and promotion | $0 |
| Office expenses | $6,176,917 |
| Information technology | $11,583,670 |
| Royalties | $0 |
| Occupancy | $21,700,300 |
| Travel | $648,953 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,575,203 |
| Interest | $0 |
| Payments to affiliates | $65,560,398 |
| Depreciation, depletion, and amortization | $2,043,425 |
| Insurance | $442,037 |
| All other expenses | $5,646,276 |
| Total functional expenses | $207,473,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,805,410 |
| Savings and temporary cash investments | $2,919,249 |
| Pledges and grants receivable | $3,861,236 |
| Accounts receivable, net | $34,053,848 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $18,097,272 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $878,536 |
| Net Land, buildings, and equipment | $12,922,324 |
| Investments—publicly traded securities | $28,428,372 |
| Investments—other securities | $68,506,137 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $138,766,041 |
| Total assets | $330,238,425 |
| Accounts payable and accrued expenses | $13,516,775 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $278,170,830 |
| Total liabilities | $291,687,605 |
| Net assets without donor restrictions | $38,550,820 |
| Net assets with donor restrictions | $0 |
| 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 | $330,238,425 |