Teachers Council Inc
- Assets
- $550.6k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 08/1999
- Data as of
- 12/2023
- EIN
- 52-2183420
Organization Overview
Teachers Council Inc is located in Annapolis, MD. The organization was established in 1999. According to its NTEE Classification (B80) the organization is classified as: Student Services, 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. Teachers Council Inc 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 12/2023, Teachers Council Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 19.8% per year over the past 9 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUND FOR EDUCATION ABROAD'S MISSION IS TO PROVIDE SCHOLARSHIPS AND ONGOING SUPPORT TO STUDENTS WHO ARE UNDERREPRESENTED AMONG THE U.S. STUDY ABROAD POPULATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Spagnolo President | 40 | $71,569 | |
Kenneth Suhr Vice-Preside | 40 | $76,000 | |
Christina Friedrichsen Secretary & | 30 | $61,569 | |
Andrea Seidman Chairperson | 0 | $0 | |
Thomas A Gentile Director | 0 | $0 | |
Trinidad Angeles Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,045 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,466,514 |
| Total Revenue | $1,474,559 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $209,138 |
| Other employee salaries and wages | $310,018 |
| Pension plans, employee benefits | $99,460 |
| Interest | $2,064 |
| Taxes | $0 |
| Depreciation | $382 |
| Occupancy | $49,189 |
| Travel, conferences, and meetings | $9,375 |
| Printing and publications | $0 |
| Other expenses | $701,960 |
| Total operating and administrative expenses | $1,423,556 |
| Contributions, gifts, grants paid | $8,102 |
| Total expenses and disbursements | $1,431,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,870 |
| Savings and temporary cash investments | $285,983 |
| Net Accounts receivable | $23,478 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,227 |
| Other assets | $0 |
| Total assets | $550,558 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $95,596 |
| Total liabilities | $95,596 |
Grants Awarded
Over the last fiscal year, Teachers Council Inc has awarded $5,813 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NATIVE AMERICAN HERITAGE ASSN PURPOSE: FUNDS FOR SCHOLARSHIPS | $2,000 |
UNHCR PURPOSE: SUPPORT REFUGEES | $200 |
BOWIE INTERFAITH CHARITY PURPOSE: SUPPORT FOOD DRIVES | $100 |
FUNDS FOR EDUCATION PURPOSE: FUND SCHOLARSHIPS | $2,013 |
THE ROTARY CLUB OF ANNAPOLIS PURPOSE: SPONSOR SCHOLARSHIPS | $1,500 |