Teachaiti
- Assets
- $1.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit Lakes, MN
- Founding
- 02/2010
- Data as of
- 12/2021
- EIN
- 26-2955000
Organization Overview
Teachaiti is located in Detroit Lakes, MN. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teachaiti 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 12/2021, Teachaiti generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.9% each year . All expenses for the organization totaled $681.9k during the year ending 12/2021. While expenses have increased by 15.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TEACHAITI RESPONDS TO THE GOSPEL OF JESUS CHRIST BY EMPOWERING HAITIAN CHILDREN TO EMERGE FROM POVERTY THROUGH EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHAITI PROVIDES GRANTS TO OPERATE THE SCHOOL OF HOPE, AN ELEMENTARY SCHOOL IN PORT-AU-PRINCE, HAITI, WHICH EDUCATES APPROXIMATELY 321 HAITIAN ELEMENTARY STUDENTS. THE ELEMENTARY SCHOOL IS IN THE MOST IMPOVERISHED AREA OF PORT-AU-PRINCE.TEACHAITI ALSO FUNDS TUITION FOR APPROXIMATELY 325 ELEMENTARY, 152 HIGH SCHOOL AND 13 COLLEGE STUDENTS WHICH WILL GREATLY IMPROVE THEIR ECONOMIC FUTURE. THE FUNDS PROVIDED BY TEACHAITI PAY FOR THE STUDENTS' EDUCATION.
TEACHAITI IS BUILDING AND SUPPORTING A SCHOOL IN THE IMPOVERISHED TOWN OF ST. MICHEL. THE FIRST CLASS OF 32 STUDENTS STARTED IN 2016. THE SECOND PHASE OF THE SCHOOL IN ST. MICHEL HAS BEEN COMPLETED. THIS PHASE INCLUDED THE CONSTRUCTION OF A NEW SCHOOL BUILDING AND THE ADDITION OF ANOTHER GRADE LEVEL. THERE ARE NOW 125 STUDENTS AT ST. MICHEL PLUS ANOTHER 45 STUDENTS ON SCHOLARSHIP AT OTHER ST. MICHEL SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Dias President | OfficerTrustee | 2 | $0 |
Dr Jon Larson Vice President | OfficerTrustee | 3 | $0 |
Dean Windham Treasurer | OfficerTrustee | 3 | $0 |
Mary Lee Secretary | OfficerTrustee | 4 | $0 |
Mike Fillmore Trustee | Trustee | 2 | $0 |
Michelle Hearn Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,590 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,467,532 |
| Noncash contributions included in lines 1a–1f | $743,879 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,473,122 |
| Total Program Service Revenue | $0 |
| Investment income | $66,101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,936 |
| Net Income from Fundraising Events | $1,863 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,730 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,594,752 |
| 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 | $618,529 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,957 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,504 |
| Advertising and promotion | $2,450 |
| Office expenses | $4,415 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,380 |
| All other expenses | $0 |
| Total functional expenses | $681,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,228 |
| Savings and temporary cash investments | $484,422 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,273,262 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,790,912 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,763,335 |
| Net assets with donor restrictions | $27,577 |
| 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 | $1,790,912 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Teachaiti has recieved totaling $39,154.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $25,000 |
National Association For The Exchange Of Industrial Resources I Galesburg, IL PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $13,750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $404 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Team Makers Club Inc Fargo, ND | $24,927,572 | $16,460,437 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
Sc Johnson Giving Inc Racine, WI | $34,098,989 | $19,343,102 |