Golden Apple Foundation For Excellence In Teaching
- Assets
- $9.1m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 219
- Location
- Chicago, IL
- Founding
- 11/1985
- Data as of
- 12/2022
- EIN
- 36-3392992
Organization Overview
Golden Apple Foundation For Excellence In Teaching, operating under the name Golden Apple Foundation, is located in Chicago, IL. The organization was established in 1985. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Golden Apple Foundation employed 219 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Apple Foundation 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 12/2022, Golden Apple Foundation generated $9.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $10.6m during the year ending 12/2022. While expenses have increased by 3.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE TEACHING PROFESSION BY RECOGNIZING EXCELLENT TEACHERS, LEVERAGING THEIR THINKING AND EFFORTS TO IMPROVE EDUCATION, RECRUITING AND PREPARING PROSPECTIVE TEACHERS, AND PROVIDING ALL TEACHERS WITH INNOVATIVE RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARS OF ILLINOIS - THE SCHOLARS OF ILLINOIS PROGRAM IDENTIFIES TALENTED HIGH SCHOOL SENIORS AND COLLEGE FRESHMEN AND SOPHOMORES WHO HAVE THE PROMISE AND DRIVE TO BE EXCELLENT TEACHERS IN HIGH-NEED SCHOOLS. THE PROGRAM PREPARES THEM FOR IMMEDIATE AND LASTING SUCCESS IN THE MOST CHALLENGING ENVIRONMENTS. THE PROGRAM WELCOMED OVER 4,000 STATEWIDE PARTICIPANTS AND IS DESIGNED TO ADDRESS THE URGENT NEED FOR RESILIENT AND HIGHLY EFFECTIVE TEACHERS SERVING ILLINOIS STUDENTS IN ECONOMICALLY AND EDUCATIONALLY DISADVANTAGED SCHOOLS. THE PROGRAM PROVIDES TUITION ASSISTANCE TO EACH FUTURE TEACHER WHILE THEY PURSUE AN UNDERGRADUATE EDUCATION. THE SCHOLARS PARTICIPATE IN A COMPREHENSIVE SERIES OF PRE-STUDENT-TEACHING INTERNSHIPS; MENTORING AND COURSE WORK DELIVERED BY GOLDEN APPLE AWARD-WINNING TEACHERS.
IMPACT AWARDS
ACCELERATORS - THE GOLDEN APPLE ACCELERATOR PROGRAM PROVIDES A PATH TO TEACHING FOR CAREER-CHANGERS AND COLLEGE SENIORS WHO COMMIT TO LIVING AND TEACHING IN TARGETED SCHOOL DISTRICTS IN THE SOUTHERN, CENTRAL, AND WESTERN ILLINOIS FOR FOUR YEARS AFTER OBTAINING THEIR LICENSE.
AWARDS PROGRAM - THE AWARDS PROGRAM IS COMPRISED OF A RECOGNITION PROGRAM FOR TEACHERS AND SCHOOL LEADERS WHO DEMONSTRATE MASTERY IN TEACHING ACROSS THE STATE OF ILLINOIS. WE SUPPORT THEM WITH CASH AWARDS, A SABBATICAL AT NORTHWESTERN UNIVERSITY, AND MEMBERSHIP IN OUR ACADEMY OF EDUCATORS. WE ALSO HOST RECOGNITION EVENTS FOR THE AWARDS FINALISTS, A "CELEBRATION OF EXCELLENCE AND THE "AWARDS FOR EXCELLENCE IN TEACHING AND LEDERSHIP" FOR THE ULITMATE AWARD RECIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia Winckler CEO | Officer | 40 | $321,728 |
Alan Mather President | Officer | 40 | $250,265 |
Nasiru Abayomi Ibrahim VP Of Finance | Officer | 40 | $169,554 |
Kesa Thurman-Stovall Chief Program Officer | Officer | 40 | $175,616 |
Pam Witmer Chief Of Staff (thru Aug 2022) | Officer | 40 | $142,707 |
Talyia Eve Riemer Director Of Placement & Alumni Relations | 40 | $115,563 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Harbinger Group Llc Communication & Marketing | 12/30/22 | $247,538 |
Christopher Dunn & Associates Llc Public Communications | 12/30/22 | $227,538 |
Ietso Llc Events Management | 12/30/22 | $179,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $677,300 |
| Related organizations | $0 |
| Government grants | $5,930,558 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,048,428 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,656,286 |
| Total Program Service Revenue | $1,025,838 |
| Investment income | $151,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$146,625 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,759,973 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,937,266 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,292,102 |
| Compensation of current officers, directors, key employees. | $183,648 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,312,236 |
| Pension plan accruals and contributions | $74,049 |
| Other employee benefits | $253,656 |
| Payroll taxes | $249,192 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,998 |
| Fees for services: Accounting | $37,745 |
| Fees for services: Lobbying | $168,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,404 |
| Fees for services: Other | $1,929,186 |
| Advertising and promotion | $113,482 |
| Office expenses | $264,853 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $100,160 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $661,627 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,828 |
| Insurance | $40,963 |
| All other expenses | $0 |
| Total functional expenses | $10,628,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $148,715 |
| Pledges and grants receivable | $2,488,794 |
| 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 | $40,798 |
| Net Land, buildings, and equipment | $27,751 |
| Investments—publicly traded securities | $5,974,088 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $416,965 |
| Total assets | $9,097,111 |
| Accounts payable and accrued expenses | $530,291 |
| 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 | $1,950,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $466,638 |
| Total liabilities | $2,946,929 |
| Net assets without donor restrictions | $5,037,682 |
| Net assets with donor restrictions | $1,112,500 |
| 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 | $9,097,111 |