Fund For Teachers A Foundation To Recognize Stimulate And Enhance
- Assets
- $18.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/2001
- Data as of
- 12/2022
- EIN
- 76-0679535
Organization Overview
Fund For Teachers A Foundation To Recognize Stimulate And Enhance is located in Houston, TX. The organization was established in 2001. According to its NTEE Classification (B99) the organization is classified as: Education 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. Fund For Teachers A Foundation To Recognize Stimulate And Enhance 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 12/2022, Fund For Teachers A Foundation To Recognize Stimulate And Enhance generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $3.2m during the year ending 12/2022. While expenses have increased by 5.6% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FUND FOR TEACHERS STRENGTHENS INSTRUCTION BY INVESTING IN OUTSTANDING TEACHERS' SELF-DETERMINED PROFESSIONAL GROWTH AND DEVELOPMENT IN ORDER TO SUPPORT STUDENT SUCCESS, ENRICH THEIR OWN PRACTICE, AND STRENGTHEN THEIR SCHOOLS AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND FOR TEACHERS AWARDED 337 GRANTS TO EDUCATORS OF DISTINGUISHED STATUS AND SCHOOL DISTRICTS FOR THE PURPOSE OF CONTINUING THEIR EDUCATION AND TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy Brookins Director | Trustee | 1 | $0 |
Dan Challener Director | Trustee | 1 | $0 |
Dorothea V Engler Director | Trustee | 1 | $0 |
John C Gulla Director | Trustee | 1 | $0 |
Karen Kovach-Webb President/executive Direct | OfficerTrustee | 1 | $185,660 |
Kate Madsen Kraycirik Director | Trustee | 1 | $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 | $946,035 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $946,035 |
| Total Program Service Revenue | $0 |
| Investment income | $220,562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $19,510 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $733,487 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,919,594 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,146,595 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $493,330 |
| Compensation of current officers, directors, key employees. | $54,444 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $417,882 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $198,552 |
| Payroll taxes | $67,705 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,803 |
| Fees for services: Other | $350,188 |
| Advertising and promotion | $144,193 |
| Office expenses | $29,820 |
| Information technology | $73,347 |
| Royalties | $0 |
| Occupancy | $117,194 |
| Travel | $26,590 |
| 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 | $31,744 |
| Insurance | $7,052 |
| All other expenses | $3,989 |
| Total functional expenses | $3,211,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $332,965 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,540 |
| 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 | $63,482 |
| Investments—publicly traded securities | $17,568,892 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $227,976 |
| Other assets | $0 |
| Total assets | $18,198,855 |
| Accounts payable and accrued expenses | $22,815 |
| Grants payable | $383,223 |
| 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 | $244,356 |
| Other liabilities | $0 |
| Total liabilities | $650,394 |
| Net assets without donor restrictions | $16,348,005 |
| Net assets with donor restrictions | $1,200,456 |
| 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 | $18,198,855 |