Friends Of Teach For India Inc
- Assets
- $655.4k
- Revenue
- $380.0k
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 09/2016
- Data as of
- 03/2022
- EIN
- 47-3725301
Organization Overview
Friends Of Teach For India Inc, operating under the name Teach For India Us, is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teach For India Us 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 03/2022, Teach For India Us generated $380.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $178.6k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (27.7%) per year over the past 4 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
BUILDING A MOVEMENT OF LEADERS TO ELIMINATE EDUCATIONAL INEQUITY IN INDIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TACKLING THE ISSUE OF EDUCATIONAL LEADERSHIP BY ADDRESSING THE LACK OF QUALITY TALENT AND CREATING A DEVELOPMENT PIPELINE IN RECRUITING AND TRAINING TEACHERS, SCHOOL LEADERS, ENTREPRENEURS, AND POLICYMAKERS IN INDIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tejeswara V Reddy Executive Director (former) | Officer | 40 | $33,409 |
Ruchi Mehta Chair | OfficerTrustee | 5 | $0 |
Amar Patel Vice-Chair | OfficerTrustee | 5 | $0 |
Alka Thukral Board Member | Trustee | 2 | $0 |
Aneesh Sohoni Board Member | Trustee | 2 | $0 |
Charag Krishnan Board Member | Trustee | 2 | $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 | $380,004 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $380,004 |
| Total Program Service Revenue | $0 |
| 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 | $380,004 |
| 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 | $129,510 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $36,552 |
| Compensation of current officers, directors, key employees. | $7,310 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,859 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,356 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $3,120 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $178,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,509 |
| Savings and temporary cash investments | $500,000 |
| Pledges and grants receivable | $0 |
| 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 | $891 |
| 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 | $655,400 |
| Accounts payable and accrued expenses | $300 |
| 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 | $300 |
| Net assets without donor restrictions | $655,100 |
| 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 | $655,400 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Friends Of Teach For India Inc has recieved totaling $114,992.
| Awarding Organization | Amount |
|---|---|
Globalgiving Foundation Inc Washington, DC PURPOSE: FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS | $59,677 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $29,647 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $14,268 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,000 |
Arora Foundation Inc Greenwich, CT PURPOSE: CHARITABLE ORGANIZATION | $5,000 |
Mbia Foundation Inc Purchase, NY PURPOSE: GENERAL OPERATING PURPOSE | $400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ccres Downingtown, PA | $11,140,030 | $33,857,794 |
Lincoln Learning Solutions Inc Rochester, PA | $70,095,014 | $24,122,252 |
Worcester City Campus Corporation Shrewsbury, MA | $408,230,540 | $37,285,221 |
New Visions For Public Schools Inc New York, NY | $79,613,761 | $33,356,068 |
Naf New York, NY | $28,094,768 | $18,819,868 |
Zearn Inc New York, NY | $36,079,361 | $33,394,711 |
Sruf Campus Housing Inc Slippery Rock, PA | $97,548,572 | $13,162,119 |
Uchcfc Circle Road Corp Farmington, CT | $184,016,128 | $11,665,579 |
United Community Schools Inc New York, NY | $17,599,679 | $9,226,471 |
College Achieve Public Charter Schools Inc Tinton Falls, NJ | $2,920,283 | $10,421,988 |
Friends Of Hellenic Classical Charter Schools Inc Brooklyn, NY | $82,915,888 | $678,941 |
Massachusetts Green High Performance Computing Center Inc Holyoke, MA | $16,995,884 | $7,668,165 |