Teachers Council Inc
- Assets
- $448.5k
- Revenue
- $631.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 08/1999
- Data as of
- 12/2021
- 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 12/2021, Teachers Council Inc generated $631.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $587.2k during the year ending 12/2021. While expenses have increased by 11.1% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Suhr Vice-Preside | 40 | $69,000 | |
Nick Spagnolo President | 40 | $61,976 | |
Christina Friedrichsen Secretary & | 30 | $53,923 | |
Andrea Seidman Chairperson | 0 | $0 | |
0luwatoyin Bello Director | 0 | $0 | |
Trinidad Angeles Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $375 |
| 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 | $631,499 |
| Total Revenue | $631,874 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $184,899 |
| Other employee salaries and wages | $89,861 |
| Pension plans, employee benefits | $37,117 |
| Interest | $1,824 |
| Taxes | $0 |
| Depreciation | $62 |
| Occupancy | $19,875 |
| Travel, conferences, and meetings | $1,942 |
| Printing and publications | $0 |
| Other expenses | $230,336 |
| Total operating and administrative expenses | $585,159 |
| Contributions, gifts, grants paid | $2,000 |
| Total expenses and disbursements | $587,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,267 |
| Savings and temporary cash investments | $364,722 |
| Net Accounts receivable | $24,770 |
| 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 | $3,755 |
| Other assets | $0 |
| Total assets | $448,514 |
| 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 | $78,862 |
| Total liabilities | $78,862 |
Grants Awarded
Over the last fiscal year, Teachers Council Inc has awarded $14,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Naples, FL PURPOSE: TO STRENGTHEN DAILY LIVING SKILLS FOR ADULTS WITH DISABILITIES. | $8,000 |
TALIA SEIDMAN FOUNDATION PURPOSE: TO PROVIDE RESOURCES TO FRAGILE, HOMEBOUND CHILDREN TO CONTINUE DAILY EDUCATION BY VIDEO CONFERENCING INTO THE CLASSROOMS THAT THEY HAD ATTENDED. | $3,000 |
Annapolis, MD PURPOSE: TO PROVIDE SCHOOL SUPPLIES AND CLOTHES FOR DISADVANTAGED CHILDREN. | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Results For America Washington, DC | $34,611,584 | $37,342,488 |
Israel On Campus Coalition Washington, DC | $6,950,162 | $10,725,464 |
Learning Lamp Inc Johnstown, PA | $5,123,554 | $8,804,669 |
West Chester University Student Services Inc West Chester, PA | $13,094,103 | $8,544,648 |
Student Association Inc California, PA | $24,020,549 | $6,805,716 |
Student Cooperative Association Inc Indiana, PA | $29,525,625 | $9,645,452 |
Cameron Foundation Petersburg, VA | $170,387,931 | $14,350,568 |
Frameworks Institute Washington, DC | $8,374,816 | $6,057,104 |
Shippensburg University Student Services Inc Shippensburg, PA | $2,959,085 | $3,291,326 |
News Literacy Project Inc Bethesda, MD | $6,963,162 | $5,070,663 |
Seed Foundation Inc Washington, DC | $10,420,742 | $4,996,042 |
College Summit Inc Washington, DC | $4,976,677 | $6,077,996 |