National Center For Teacher Residencies Inc
- Assets
- $7.8m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 24
- Location
- Chicago, IL
- Founding
- 02/2008
- Data as of
- 06/2022
- EIN
- 26-0869607
Organization Overview
National Center For Teacher Residencies Inc is located in Chicago, IL. The organization was established in 2008. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, National Center For Teacher Residencies Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Center For Teacher Residencies 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 06/2022, National Center For Teacher Residencies Inc generated $9.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $7.7m during the year ending 06/2022. While expenses have increased by 15.6% per year over the past 4 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, National Center For Teacher Residencies Inc has awarded 63 individual grants totaling $13,837,156. 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
NCTR'S MISSION IS TO DISRUPT HISTORIC EDUCATIONAL INEQUITIES BY ADVANCING THE TEACHER RESIDENCY MOVEMENT TO PREPARE EFFECTIVE, DIVERSE, CULTURALLY RESPONSIVE EDUCATORS. NCTR PURSUES THIS MISSION BY PROVIDING SUPPORT, CONSULTING, AND TECHNICAL ASSISTANCE TO NEW AND EXISTING RESIDENCY PROGRAMS NATIONWIDE AND BY CONDUCTING RESEARCH ON TEACHER RECRUITMENT, PREPARATION, AND RETENTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TRAINING AND SUPPORT TO NEW AND EXISTING TEACHER RESIDENCIES LED BY NONPROFITS, SCHOOL DISTRICTS, AND UNIVERSITIES TO IMPROVE THE RECRUITMENT, PREPARATION, AND RETENTION OF EFFECTIVE, DIVERSE, CULTURALLY RESPONSIVE EDUCATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Bristol Member | Trustee | 1 | $0 |
Talia Milgrom-Elcott Member | Trustee | 1 | $0 |
Corey Scholes Member | Trustee | 1 | $0 |
Javaid Siddiqi Member | Trustee | 1 | $0 |
Daniel Valasco Member | Trustee | 1 | $0 |
Laura Weeldreyer Chair | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $705,768 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,795,560 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,501,328 |
| Total Program Service Revenue | $1,290,539 |
| Investment income | $0 |
| 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 | $9,791,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,701,555 |
| Grants and other assistance to domestic individuals. | $3,004 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,280,425 |
| Compensation of current officers, directors, key employees. | $193,356 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,596,189 |
| Pension plan accruals and contributions | $44,772 |
| Other employee benefits | $160,730 |
| Payroll taxes | $196,832 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $96,959 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $389,410 |
| Advertising and promotion | $0 |
| Office expenses | $25,142 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,076 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,949 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,018 |
| All other expenses | $87,036 |
| Total functional expenses | $7,659,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,289,220 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $154,171 |
| Accounts receivable, net | $1,319,808 |
| 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 | $20,318 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,438 |
| Total assets | $7,785,955 |
| Accounts payable and accrued expenses | $66,412 |
| Grants payable | $3,779,000 |
| Deferred revenue | $66,505 |
| 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 | $3,911,917 |
| Net assets without donor restrictions | $1,363,567 |
| Net assets with donor restrictions | $2,510,471 |
| 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 | $7,785,955 |
Grants Awarded
Over the last fiscal year, National Center For Teacher Residencies Inc has awarded $3,779,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FOR EDUCATION STR PURPOSE: TEACHER RESIDENCY | $52,000 |
ALTERNATIVE PATHWAYS FOR EDUCATOR CERTIFICATION COLUMBIA PURPOSE: TEACHER RESIDENCY | $135,000 |
APPLETREE INSTITUTE FOR EDUCATION INNOVATION PURPOSE: TEACHER RESIDENCY | $80,000 |
BOSTON PLAN FOR EXCELLENCE (BTR) PURPOSE: TEACHER RESIDENCY | $80,000 |
CHICAGO PUBLIC SCHOOLS PURPOSE: TEACHER RESIDENCY | $480,000 |
CLARKSON UNIVERSITY PURPOSE: TEACHER RESIDENCY | $96,000 |