Chicago Teachers Union Foundation Inc
- Assets
- $44.2m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 20
- Location
- Chicago, IL
- Founding
- 07/1970
- Data as of
- 06/2022
- EIN
- 23-7076885
Organization Overview
Chicago Teachers Union Foundation Inc is located in Chicago, IL. The organization was established in 1970. 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 06/2022, Chicago Teachers Union Foundation Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Teachers Union Foundation Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Chicago Teachers Union Foundation Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.3% each year . All expenses for the organization totaled $4.7m during the year ending 06/2022. While expenses have increased by 8.5% 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 2015, Chicago Teachers Union Foundation Inc has awarded 389 individual grants totaling $12,857,122. 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
THE FOUNDATION'S CIVIC & CHARITABLE PURPOSES INCLUDE THE FOLLOWING; SUPPORT OF PROJECTS, PROGRAMS, COMMUNITY ORGANIZATIONS AND OTHER NOT-FOR-PROFIT ORGANIZATIONS THAT PROVIDE SERVICES TO IMPROVE AND ASSIST PUBLIC SCHOOLS, TEACHERS AND THEIR DEPENDENTS AND RETIRED TEACHERS, INCLUDING FINANCIAL ASSISTANCE FOR ELIGIBLE ELDERLY AND RETIRED CHICAGO PUBLIC SCHOOL TEACHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHICAGO TEACHERS UNION FOUNDATION, INC. ("FOUNDATION") WAS ORGANIZED FOR EDUCATIONAL AND SOCIAL WELFARE PURPOSES WITHIN THE MEANING OF SECTION 501 (C)(4) OF THE INTERNAL REVENUE CODE. THE FOUNDATION'S CIVIC AND CHARITABLE PURPOSES INCLUDE THE FOLLOWING: SUPPORT OF PROJECTS, PROGRAMS, COMMUNITY ORGANIZATIONS AND OTHER NOT-FOR-PROFIT ORGANIZATIONS THAT PROVIDE SERVICES TO IMPROVE AND ASSIST PUBLIC SCHOOLS, TEACHERS AND THEIR DEPENDENTS AND RETIRED TEACHERS, INCLUDING FINANCIAL ASSISTANCE FOR ELIGIBLE ELDERLY AND RETIRED CHICAGO PUBLIC SCHOOL TEACHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Barajas Director | Trustee | 0.3 | $0 |
Jesse Sharkey President | Officer | 0.3 | $0 |
Christel Williams Recording Secretary | Officer | 0.3 | $0 |
Maria Moreno Financial Secretary | Officer | 0.3 | $0 |
Stacy Davis Gates Vice President | Officer | 0.3 | $0 |
Carmen Curet Executive Director | 40 | $150,875 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Midway Building Services Lrd Custodial | 6/29/20 | $437,227 |
Titan Security Services Inc Security Services | 6/29/20 | $109,550 |
Gloria Hennelan Jones Mentor | 6/29/20 | $117,257 |
Executive Construction Construction | 6/29/20 | $895,685 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $761,223 |
| Investment income | $460,509 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,417,051 |
| 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 | $3,638,783 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $170,172 |
| Grants and other assistance to domestic individuals. | $9,875 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $190,905 |
| Compensation of current officers, directors, key employees. | $127,270 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $837,143 |
| Pension plan accruals and contributions | $64,118 |
| Other employee benefits | $99,369 |
| Payroll taxes | $81,785 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $155,847 |
| Fees for services: Accounting | $74,084 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,070 |
| Fees for services: Other | $458,092 |
| Advertising and promotion | $0 |
| Office expenses | $59,284 |
| Information technology | $16,977 |
| Royalties | $0 |
| Occupancy | $1,018,411 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,258 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,250,578 |
| Insurance | $85,284 |
| All other expenses | $0 |
| Total functional expenses | $4,694,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,005 |
| Savings and temporary cash investments | $47,741 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,494 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,882,794 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,383 |
| Net Land, buildings, and equipment | $29,237,466 |
| Investments—publicly traded securities | $6,388,801 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,584,974 |
| Total assets | $44,201,658 |
| Accounts payable and accrued expenses | $836,344 |
| Grants payable | $0 |
| Deferred revenue | $21,489 |
| 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 | $901,951 |
| Total liabilities | $1,759,784 |
| Net assets without donor restrictions | $42,441,874 |
| 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 | $44,201,658 |
Grants Awarded
Over the last fiscal year, Chicago Teachers Union Foundation Inc has awarded $124,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION NOW INSTITUTE PURPOSE: EDUCATIONAL CONTRIBUTION | $10,000 |
ACTION CENTER ON RACE AND THE ECONOMY INSTITUTE PURPOSE: EDUCATIONAL CONTRIBUTION | $10,000 |
KALEIDOSCOPE INC PURPOSE: EDUCATIONAL CONTRIBUTION | $10,000 |
THE GRASSROOTS COLLABORATIVE PURPOSE: EDUCATIONAL CONTRIBUTION | $15,000 |
ARISE CHICAGO PURPOSE: EDUCATIONAL CONTRIBUTION | $10,000 |
CREATIVE CHICAGO REUSE EXCHANGE PURPOSE: EDUCATIONAL CONTRIBUTION | $10,000 |