Teach Kentucky Inc
- Assets
- $1.0m
- Revenue
- $830.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Louisville, KY
- Founding
- 02/2007
- Data as of
- 09/2023
- EIN
- 20-4009920
Organization Overview
Teach Kentucky Inc is located in Louisville, KY. The organization was established in 2007. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 09/2023, Teach Kentucky Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teach Kentucky 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 09/2023, Teach Kentucky Inc generated $830.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $569.3k during the year ending 09/2023. While expenses have increased by 2.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TEACH KENTUCKY IS A SELECTIVE TEACHER RECRUITMENT PROGRAM ATTRACTING MOTIVATED YOUNG PEOPLE TO TEACH IN KENTUCKY'S PUBLIC SCHOOLS, ENHANCING THE QUALITY OF EDUCATION FOR OUR STUDENTS AND ENRICHING OUR CIVIC LIFE BY RETAINING THESE BRIGHT YOUNG MINDS IN THE REGION. BASED IN LOUISVILLE, KY, A VIBRANT, FORWARD-THINKING CITY WITH A RICH HISTORY, TEACH KENTUCKY PLACES THE MAJORITY OF ITS TEACHERS WITHIN OUR METROPOLITAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACH KENTUCKY RECRUITS INDIVIDUALS TO LAUNCH THEIR EDUCATION CAREERS IN LOUISVILLE, KENTUCKY. IT LEVERAGES FINANCIAL INCENTIVES ACQUIRED THROUGH ITS STRATEGIC FUNDRAISING EFFORTS TO ATTRACT RECENT COLLEGE GRADUATES FROM ACROSS THE NATION. PARTICIPANTS SERVE IN KENTUCKY PUBLIC SCHOOLS AND EARN AN ALTERNATIVE ROUTE MASTERS DEGREE WHILE TEACHING FULL-TIME. SINCE ITS INCEPTION, TEACH KENTUCKY HAS RECRUITED 520 INDIVIDUALS REPRESENTING OVER 180 COLLEGES AND UNIVERSITIES. SEVENTY-THREE PERCENT (73%) OF THESE INDIVIDUALS ARE FROM OUTSIDE THE STATE OF KENTUCKY. 384 OF THESE INDIVIDUALS REMAIN IN THE EDUCATION PROFESSION EITHER IN KENTUCKY OR ELSEWHERE. OF THE 255 EDUCATORS CURRENTLY RESIDING AND WORKING IN KENTUCKY, 70 PERCENT (70%) OF THEM WORK IN HIGH-POVERTY, LOW PERFORMING SCHOOLS.
TEACH KENTUCKY PROVIDES A SIX-WEEK TEACHER PREPARATION PROGRAM THAT COMPLEMENTS GRADUATE SCHOOL COURSES IN ORDER TO BETTER EQUIP ITS NEW RECRUITS FOR THE CLASSROOM AND INCREASE RETENTION OF ITS RECRUITS IN THE PROFESSION LONG-TERM. THIS PROGRAM IS RUN BY VETERAN EDUCATORS WHO ARE ALUMNI OF THE TEACH KENTUCKY PROGRAM. THIS STRUCTURE AIDS IN THE FORMATION OF CROSS-GENERATIONAL RELATIONSHIPS BETWEEN PROGRAM PARTICIPANTS NEW AND OLD, PROMOTING KNOWLEDGE-SHARING, ONGOING COLLABORATION, AND A STRONG FOUNDATION OF SUPPORT. ADDITIONALLY, TEACH KENTUCKY PARTNERS WITH LOCAL MIDDLE AND HIGH SCHOOLS TO PROVIDE REALISTIC INSTRUCTIONAL CLASSROOM EXPERIENCES WITH STUDENTS PRIOR TO THE FIRST DAY OF SCHOOL. VETERAN TEACHERS OBSERVE NEW RECRUITS AND PROVIDE THEM WITH CONSTRUCTIVE FEEDBACK AND MODELING.
TEACH KENTUCKY CREATES A TIGHT-KNIT COMMUNITY OF ONGOING SUPPORT TO ITS RECRUITS AS THEY ADJUST TO THEIR NEW CAREERS AND NEW LIVES IN LOUISVILLE. IN SURVEYS ADMINISTERED TO OUR EDUCATORS, THIS ASPECT OF THE PROGRAM POSITIVELY DIFFERENTIATES TEACH KENTUCKY THE MOST FROM OTHER TEACHER RECRUITMENT OPTIONS. TEACH KENTUCKY CONSIDERS THESE NETWORKS AND SUPPORT TO BE A CRUCIAL CONTRIBUTING FACTOR TO ITS SEVENTY-ONE PERCENT (71%) RETENTION RATE OF INDIVIDUALS WHO BEGIN THEIR THIRD YEARS AS TEACHERS RECRUITED THROUGH THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rowan Claypool President | Officer | 40 | $75,000 |
Carl L Williams Sr Board Chair | OfficerTrustee | 1 | $0 |
Bryan Warren Vice Chair | OfficerTrustee | 1 | $0 |
Will Coburn Treasurer | OfficerTrustee | 1 | $0 |
Kate Grindon Secretary | OfficerTrustee | 1 | $0 |
Alex Hill Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,000 |
| Related organizations | $0 |
| Government grants | $248,518 |
| All other contributions, gifts, grants, and similar amounts not included above | $572,230 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $823,748 |
| Total Program Service Revenue | $0 |
| Investment income | $6,622 |
| 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 | $830,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $55,861 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,026 |
| Compensation of current officers, directors, key employees. | $26,053 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,145 |
| Pension plan accruals and contributions | $1,351 |
| Other employee benefits | $6,346 |
| Payroll taxes | $13,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,659 |
| Advertising and promotion | $32,907 |
| Office expenses | $9,928 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,408 |
| Travel | $9,255 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,326 |
| Interest | $4,972 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,279 |
| Insurance | $2,436 |
| All other expenses | $0 |
| Total functional expenses | $569,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,992 |
| Savings and temporary cash investments | $171,255 |
| Pledges and grants receivable | $437,786 |
| Accounts receivable, net | $0 |
| 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 | $12,981 |
| Net Land, buildings, and equipment | $353,256 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,041,270 |
| Accounts payable and accrued expenses | $28,424 |
| 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 | $298,212 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $326,636 |
| Net assets without donor restrictions | $342,571 |
| Net assets with donor restrictions | $372,063 |
| 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 | $1,041,270 |