Children & Teachers Foundation Of The Chicago Teachers Union
- Assets
- $46.9k
- Revenue
- $233.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Chicago, IL
- Founding
- 04/2015
- Data as of
- 06/2022
- EIN
- 46-5340132
Organization Overview
Children & Teachers Foundation Of The Chicago Teachers Union is located in Chicago, IL. The organization was established in 2015. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Children & Teachers Foundation Of The Chicago Teachers Union employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Children & Teachers Foundation Of The Chicago Teachers Union 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 06/2022, Children & Teachers Foundation Of The Chicago Teachers Union generated $233.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 73.0% each year . All expenses for the organization totaled $725.3k during the year ending 06/2022. While expenses have increased by 19.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S CIVIC & CHARITABLE PURPOSES INCLUDE THE FOLLOWING: PROVIDING ASSISTANCE TO CHICAGO PUBLIC SCHOOL'S EMPLOYEES, THEIR FAMILIES, RETIRED EMPLOYEES, CHICAGO PUBLIC SCHOOL CHILDREN AND THEIR FAMILIES. THE FOUNDATION WILL ALSO SUPPORT CHARITABLE AND EDUCATIONAL ACTIVITIES, INITIATIVES AND PROGRAMS OF THE COMMUNITY, THE CHICAGO TEACHERS UNION AND THE CHICAGO PUBLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHILDREN & TEACHERS FOUNDATION OF THE CHICAGO TEACHERS UNION ("FOUNDATION") WAS ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION'S CIVIC AND CHARTIABLE PURPOSES INCLUDE THE FOLLOWING: PROVIDING ASSISTANCE TO CHICAGO PUBLIC SCHOOL EMPLOYEES AND THEIR FAMILIES, (INCLUDING RETIRED EMPLOYEES), PROVIDING ASSISTANCE TO CHICAGO PUBLIC SCHOOLS CHILDREN AND THEIR FAMILIES, SUPPORTING CHARITABLE AND EDUCATIONAL ACTIVITIES, SUPPORTING INITIATIVES AND PROGRAMS OF THE GENERAL COMMUNITY, THE CHICAGO TEACHERS UNION AND THE CHICAGO PUBLIC SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Barajas Director | Trustee | 0.3 | $0 |
Jesse Sharkey President | Officer | 0.3 | $0 |
Christel Williams Recording Secretary | Officer | 0.3 | $0 |
Maria Moreno Financial Secretary | Officer | 0.3 | $0 |
Stacy Davis Gates Vice President | Officer | 0.3 | $0 |
Lynn Cherkasky-Davis Quest Assistant Director | 40 | $152,457 |
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 | $23,416 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,416 |
| Total Program Service Revenue | $209,315 |
| Investment income | $0 |
| 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 | $233,899 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,874 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $522,731 |
| Pension plan accruals and contributions | $41,161 |
| Other employee benefits | $50,899 |
| Payroll taxes | $38,728 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,086 |
| Advertising and promotion | $0 |
| Office expenses | $61 |
| Information technology | $21,115 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,046 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,870 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $725,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,056 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $850 |
| 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 | $16,995 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,901 |
| Accounts payable and accrued expenses | $96,504 |
| Grants payable | $0 |
| Deferred revenue | $7,961 |
| 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 | $1,656,400 |
| Total liabilities | $1,760,865 |
| Net assets without donor restrictions | -$1,713,964 |
| 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 | $46,901 |
Grants Awarded
Over the last fiscal year, Children & Teachers Foundation Of The Chicago Teachers Union has awarded $175,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
INFINITE SCHOLARS PURPOSE: EDUCATIONAL CONTRIBUTION | $100,000 |
FIRST BOOK PURPOSE: EDUCATIONAL CONTRIBUTION | $75,000 |