Madison Teachers Inc
- Assets
- $5.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 11
- Location
- Madison, WI
- Founding
- 05/1965
- Data as of
- 06/2023
- 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 06/2023, Madison Teachers Inc employed 11 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 06/2023, Madison Teachers Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 8 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
2023
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Jones President | OfficerTrustee | 1 | $0 |
Andrea Missureli Vice President | OfficerTrustee | 1 | $0 |
Elizabeth O'leary Secretary | OfficerTrustee | 1 | $0 |
Andy Mayhall Treasurer | OfficerTrustee | 1 | $0 |
Kira Fobbs Member-At-Large | Trustee | 1 | $0 |
Amy Turkowski Member-At-Large | Trustee | 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 | $126,572 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,572 |
| Total Program Service Revenue | $1,273,722 |
| Investment income | $63,611 |
| 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 | $1,463,905 |
| 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. | $326,351 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $411,810 |
| Pension plan accruals and contributions | $98,267 |
| Other employee benefits | $133,839 |
| Payroll taxes | $48,175 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $105,414 |
| Fees for services: Accounting | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,130 |
| Advertising and promotion | $10,140 |
| Office expenses | $48,166 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,874 |
| Travel | $18,958 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,516 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,671 |
| Insurance | $3,116 |
| All other expenses | $18,194 |
| Total functional expenses | $1,350,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,549 |
| Savings and temporary cash investments | $4,221,870 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,045 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,838 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,744 |
| Net Land, buildings, and equipment | $80,202 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $477,638 |
| Total assets | $5,131,886 |
| Accounts payable and accrued expenses | $399,513 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $237,722 |
| 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 | $624,712 |
| Total liabilities | $1,261,947 |
| Net assets without donor restrictions | $3,844,757 |
| Net assets with donor restrictions | $25,182 |
| 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 | $5,131,886 |