Albert Shanker Institute
- Assets
- $8.0m
- Revenue
- $1.5m
- Investments
- $407.7k
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/1986
- Data as of
- 06/2023
- EIN
- 52-1432693
Organization Overview
Albert Shanker Institute is located in Washington, DC. The organization was established in 1986. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Albert Shanker Institute 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 06/2023, Albert Shanker Institute generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.4m during the year ending 06/2023. 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
THE ALBERT SHANKER INSTITUTE WAS FORMED TO CARRY ON, CONDUCT, AND SPONSOR STUDY AND RESEARCH IN EDUCATION AND RELATED FIELDS, WITH THEOBJECTIVE OF INFORMING EMPLOYERS, UNIONS, EDUCATORS, LABOR AND OTHERS OF ITS FINDINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEMOCRACY - PROMOTES DISCUSSIONS AND SPONSORS RESEARCH ON NEW CHALLENGES FACING THE WORLD'S DEMOCRACIES, WITH AN EMPHASIS ON THE ROLE OF FREEDOM OF ASSOCIATION, UNIONS AND OTHER CIVIC INSTITUTIONS, AND UNIVERSAL EDUCATION IN A DEMOCRATIC SOCIETY.
CROSS THEMED PROGRAMS - DESIGNED TO GIVE THE INSTITUTE THE FLEXIBILITY TO RESPOND TO PROGRAM OPPORTUNITIES THAT ARISE DURING THE COURSE OF THE FISCAL YEAR. THESE PROGRAMS USUALLY FALL WITHIN BOARD-APPROVED THEMES AND PROGRAM DIRECTIONS.
EDUCATION - PROMOTES DISCUSSIONS AND SPONSORING RESEARCH ON NEW AND WORKABLE APPROACHES TO IMPROVING PUBLIC EDUCATION IN AMERICA
LABOR - PROFESSIONALS FACE ISSUES SUCH AS DESIRES TO IMPROVE QUALITY OF WORK, KEEP PACE WITH TECHNOLOGY AND THE GLOBALIZATION OF THE ECONOMY AND WORKPLACE FLEXIBILITY. THE INSTITUTE PROMOTES DISCUSSION AND SPONSORS RESEARCH TO EXPLORE NEW STRUCTURES AND ROLES FOR UNIONS WITH REGARD TO THESE CHALLENGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randi Weingarten President | OfficerTrustee | 5 | $0 |
Fedrick Ingram Secretary-Treasurer | OfficerTrustee | 5 | $0 |
Evelyn Dejesus Board Member | OfficerTrustee | 5 | $0 |
Darrin Nedrow Director Of Organization And Field Services | 60 | $0 | |
Jessica Smith Dir Of Union Leadership Institute | 60 | $0 | |
Michael S Powell Assist. To Pres. For Communications | 60 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,010,771 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $269,720 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,280,491 |
| Total Program Service Revenue | $0 |
| Investment income | $130,861 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $121,039 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,532,701 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,374 |
| Fees for services: Other | $157,734 |
| Advertising and promotion | $0 |
| Office expenses | $2,309 |
| Information technology | $4,648 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,994 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,783 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,685 |
| Total functional expenses | $1,384,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,652 |
| Savings and temporary cash investments | $104,536 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,422 |
| 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 | $7,340,365 |
| Investments—other securities | $407,707 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,114 |
| Total assets | $8,039,796 |
| Accounts payable and accrued expenses | $10,643 |
| 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 | $158,871 |
| Total liabilities | $169,514 |
| Net assets without donor restrictions | $7,513,987 |
| Net assets with donor restrictions | $356,295 |
| 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 | $8,039,796 |
Grants Awarded
Over the last fiscal year, Albert Shanker Institute has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION FOR THE STUDY OF INDEPENDENT SOCIAL IDEAS PURPOSE: SUPPORT PUBLICATION OF ANALYSIS OF CURRENT SITUATION OF PUBLIC EDUCATION IN DISSENT MAGAZINE. | $5,000 |
AMERICAN PROSPECT INC PURPOSE: SUPPORT PUBLICATION OF ANALYSIS OF CURRENT SITUATION OF LABOR IN THE AMERICAN PROSPECT. | $5,000 |