National Council On Teacher Retirement
- Assets
- $1.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Elk Grove, CA
- Founding
- 08/2006
- Data as of
- 12/2023
- EIN
- 31-0920268
Organization Overview
National Council On Teacher Retirement is located in Elk Grove, CA. The organization was established in 2006. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, National Council On Teacher Retirement employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Council On Teacher Retirement is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, National Council On Teacher Retirement generated $1.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 0.2% per year over the past 9 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
NCTR IS COMMITTED TO PRESERVING AND PROTECTING THE TRADITIONAL DEFINED BENEFIT PENSION MODEL AND WILL WORK WITH ITS MEMBERS, PUBLIC OFFICIALS AND ANY OTHER INTERESTED PARTIES TO ENCOURAGE AND SUPPORT PUBLIC POLICY DECISIONS THAT GUARANTEE RETIREMENT SECURITY FOR PUBLIC EMPLOYEES AND OTHER AMERICANS.NCTR PROVIDES A NATIONAL FORUM FOR THE DISCUSSION AND RESOLUTION OF ISSUES AFFECTING PUBLIC PENSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOLDS AN ANNUAL CONFERENCE FOR MEMBERS THAT PROVIDES INFORMATION ON ISSUES FACING THE INDUSTRY. THE ORGANIZATION ALSO PROVIDES EDUCATION BASED ON MEMBERS AREA OF INTEREST.
FEDERAL GOVERNMENT RELATIONS - NCTR BELIEVES THAT THE FEDERAL GOVERNMENT SHOULD ENACT TAX LAWS AND PROMULGATE REGULATIONS THAT ENCOURAGE THE CONTINUATION OF EMPLOYER-SPONSORED PENSION PLANS WHILE CREATING INCENTIVES FOR ALL EMPLOYEES TO INCREASE THEIR PERSONAL SAVINGS THROUGH THE UTILIZATION OF SUPPLEMENTAL TAX-DEFERRED RETIREMENT SAVINGS PLANS. FURTHER, FEDERAL TAX POLICIES SHOULD FACILITATE THE PORTABILITY OF RETIREMENT SAVINGS BY ALLOWING THE TRANSFER OF FUNDS FROM ONE PLAN TO ANOTHER WITHOUT PENALTY.
NCTR PROVIDES WORKSHOPS AND MEETINGS TO EDUCATE ITS MEMBERSHIP ON MATTERS RELATED TO NCTR'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robyn Wheeler Assistant Director | 40 | $109,110 | |
R Dean Kenderdine Executive Director | 20 | $82,500 | |
Sue Lemmo Trustee | Trustee | 2 | $0 |
Kimberly Adams Trustee | Trustee | 2 | $0 |
Karen Yamamoto President Elect | OfficerTrustee | 2 | $0 |
Carlton W Lenoir Sr Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $594,210 |
| 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 | $594,210 |
| Total Program Service Revenue | $911,217 |
| Investment income | $22,232 |
| 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 | $1,527,659 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $188,018 |
| Compensation of current officers, directors, key employees. | $43,244 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $77,040 |
| Pension plan accruals and contributions | $40,442 |
| Other employee benefits | $21,614 |
| Payroll taxes | $23,424 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,950 |
| Fees for services: Lobbying | $216,694 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,658 |
| Advertising and promotion | $1,004 |
| Office expenses | $4,183 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $306,420 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $459,224 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $734 |
| Insurance | $8,157 |
| All other expenses | $422 |
| Total functional expenses | $1,460,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,890 |
| Savings and temporary cash investments | $1,262,516 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,525 |
| 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 | $13,635 |
| Net Land, buildings, and equipment | $2,477 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,456,043 |
| Accounts payable and accrued expenses | $55,392 |
| Grants payable | $0 |
| Deferred revenue | $143,450 |
| 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 | $11,565 |
| Total liabilities | $210,407 |
| Net assets without donor restrictions | $1,245,636 |
| 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 | $1,456,043 |