Madison Teachers Inc
- Assets
- $5.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 13
- Location
- Madison, WI
- Founding
- 05/1965
- Data as of
- 06/2022
- EIN
- 39-6060613
Organization Overview
Madison Teachers Inc is located in Madison, WI. The organization was established in 1965. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 06/2022, Madison Teachers Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Teachers Inc 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 06/2022, Madison Teachers Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. 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 PROMOTE THE INTERESTS OF EDUCATION, THE TEACHING PROFESSION AND THE MEMBERS OF THE COLLECTIVE BARGAINING UNITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MADISON TEACHERS INCORPORATED IS A MEMBER DRIVEN UNION CONSISTING OF OVER 2,500 MEMBERS IN THREE BARGAINING UNITS, INCLUDING: TEACHERS, EDUCATION PROFESSIONALS AND PARA PROFESSIONALS; SUBSTITUTE TEACHERS; AND EDUCATIONAL ASSISTANTS, SUPPORTIVE EDUCATIONAL EMPLOYEES (CLERICAL AND TECHNICAL) AND SCHOOL SECURITY ASSISTANTS WHO ARE EMPLOYEED BY THE MADISON METROPOLITAN SCHOOL DISTRICT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Sadlowski Executive Director (thru Dec) | Officer | 40 | $124,612 |
Jeffery Knight Executive Director (from Jan) | Officer | 40 | $113,906 |
Yvonne Knoche Office Manager | Officer | 40 | $91,068 |
Michael Jones President | OfficerTrustee | 1 | $0 |
Andrea Missureli Vice President | OfficerTrustee | 1 | $0 |
Andy Mayhall Treasurer | OfficerTrustee | 1 | $0 |
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 | $202,118 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $202,118 |
| Total Program Service Revenue | $1,368,416 |
| Investment income | $21,281 |
| 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 | $1,591,815 |
| 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. | $394,347 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $428,154 |
| Pension plan accruals and contributions | $68,010 |
| Other employee benefits | $97,780 |
| Payroll taxes | $48,882 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $254,828 |
| Fees for services: Accounting | $8,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,214 |
| Advertising and promotion | $176 |
| Office expenses | $31,945 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,820 |
| Travel | $17,937 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,470 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,291 |
| Insurance | $3,684 |
| All other expenses | $23,406 |
| Total functional expenses | $1,534,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,765 |
| Savings and temporary cash investments | $4,149,825 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,490 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,779 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,549 |
| Net Land, buildings, and equipment | $77,145 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $554,702 |
| Total assets | $5,061,255 |
| Accounts payable and accrued expenses | $407,104 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $244,333 |
| 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 | $670,086 |
| Total liabilities | $1,321,523 |
| Net assets without donor restrictions | $3,716,749 |
| Net assets with donor restrictions | $22,983 |
| 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 | $5,061,255 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Madison Teachers Inc has recieved totaling $400,000.
| Awarding Organization | Amount |
|---|---|
National Education Association Of The United States Washington, DC PURPOSE: FINANCIAL ASSISTANCE | $400,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communities In Schools Of Kalamazoo Kalamazoo, MI | $10,712,802 | $3,786,396 |
Illinois Association Of School Administrators Springfield, IL | $11,254,126 | $4,395,708 |
Sfusa Willowbrook, IL | $1,091,110 | $3,636,809 |
Illinois Restaurant Association Chicago, IL | $4,128,802 | $3,480,810 |
Advance Illinois Nfp Chicago, IL | $4,175,192 | $3,046,236 |
Cities In Schools Aurora 2000 Inc Aurora, IL | $829,378 | $2,800,979 |
Minnesota Private College Council Inc St Paul, MN | $3,914,163 | $2,838,186 |
Michigan Restaurant & Lodging Association Lansing, MI | $5,991,711 | $3,222,884 |
Cast Iron Soil Pipe Institute Mundelein, IL | $1,209,116 | $2,490,854 |
We The People - Mi Detroit, MI | $6,009,373 | $7,093,160 |
Partnership For College Completion Chicago, IL | $3,079,798 | $3,336,622 |
School Administrators Of Iowa Clive, IA | $3,563,834 | $1,840,043 |