Nashville Teacher Residency
- Assets
- $2.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Nashville, TN
- Founding
- 06/2015
- Data as of
- 06/2024
- EIN
- 47-1461324
Organization Overview
Nashville Teacher Residency is located in Nashville, TN. The organization was established in 2015. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2024, Nashville Teacher Residency employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nashville Teacher Residency 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 06/2024, Nashville Teacher Residency generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND LICENSE TEACHERS WITH DIVERSE BACKGROUNDS AND EXPERIENCES FOR SCHOOLS IN MIDDLE TN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NASHVILLE TEACHER RESIDENCY IS A ONE-YEAR STATE APPROVED EDUCATOR PREPARATION PROVIDER THAT TRAINS DIVERSE COHORTS OF EDUCATORS. WE PARTNER WITH LOCAL SCHOOLS TO CREATE AND/OR INCREASE THE LOCAL TEACHER PIPELINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Coverstone Board Chair | OfficerTrustee | 1 | $0 |
Laura Delgado Secretary | OfficerTrustee | 0.5 | $0 |
Jessica Meece Treasuer | OfficerTrustee | 0.5 | $0 |
Amy Wooten Director | Trustee | 0.5 | $0 |
Justin Testerman Director | Trustee | 0.5 | $0 |
Tiffany Dellard Director | Trustee | 0.5 | $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 | $811,498 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $811,498 |
| Total Program Service Revenue | $232,413 |
| Investment income | $51,181 |
| 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 | $1,095,092 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $68,918 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $139,602 |
| Compensation of current officers, directors, key employees. | $69,801 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $551,057 |
| Pension plan accruals and contributions | $13,559 |
| Other employee benefits | $88,245 |
| Payroll taxes | $52,333 |
| Fees for services: Management | $15,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,024 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,827 |
| Advertising and promotion | $0 |
| Office expenses | $6,954 |
| Information technology | $2,736 |
| Royalties | $0 |
| Occupancy | $807 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,705 |
| All other expenses | $929 |
| Total functional expenses | $1,157,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,788,043 |
| Pledges and grants receivable | $189,438 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $605 |
| Total assets | $1,978,086 |
| Accounts payable and accrued expenses | $54,963 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $54,963 |
| Net assets without donor restrictions | $1,729,598 |
| Net assets with donor restrictions | $193,525 |
| 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 | $1,978,086 |
Grants Awarded
Over the last fiscal year, Nashville Teacher Residency has awarded $1,226,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
NASHVILLE CLASSICAL ACADEMY PURPOSE: THIS GRANT HAS BEEN PROVIDED FOR GENERAL OPERATING SUPPORT | $18,000 |
PURPOSE PREP ACADEMY PURPOSE: THIS GRANT HAS BEEN PROVIDED FOR GENERAL OPERATING SUPPORT | $18,000 |
REPUBLIC CHARTER SCHOOLS PURPOSE: THIS GRANT HAS BEEN PROVIDED FOR GENERAL OPERATING SUPPORT | $18,000 |
EXPLORE COMMUNITY SCHOOL PURPOSE: THIS GRANT HAS BEEN PROVIDED FOR GENERAL OPERATING SUPPORT | $18,000 |
STEM PREPARATORY ACADEMY PURPOSE: THIS GRANT HAS BEEN PROVIDED FOR GENERAL OPERATING SUPPORT | $18,000 |
INTREPID COLLEGE PREP PURPOSE: THIS GRANT HAS BEEN PROVIDED FOR GENERAL OPERATING SUPPORT | $28,000 |