Fund For Teachers A Foundation To Recognize Stimulate And Enhance
- Assets
- $24.9m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/2001
- Data as of
- 12/2021
- 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 12/2021, Fund For Teachers A Foundation To Recognize Stimulate And Enhance generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 0.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 176 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 |
|---|---|---|---|
Karen Kovach-Webb President/executive Direct | OfficerTrustee | 40 | $180,250 |
Patti Mckee Chief Financial Officer | Officer | 40 | $164,800 |
Stephanie Ascherl Coo/secretary/treasurer | Officer | 40 | $133,900 |
Carrie Caton Director Of Communications | 30 | $113,300 | |
Amanda Graessle Development Manager | 40 | $103,000 | |
Peggy Brookins 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 | $1,646,823 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,646,823 |
| Total Program Service Revenue | $0 |
| Investment income | $705,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $8,382 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,428,669 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,789,653 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $293,486 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $478,950 |
| Compensation of current officers, directors, key employees. | $62,816 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $398,611 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $185,006 |
| Payroll taxes | $64,932 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,827 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,660 |
| Fees for services: Other | $319,753 |
| Advertising and promotion | $104,199 |
| Office expenses | $33,687 |
| Information technology | $56,874 |
| Royalties | $0 |
| Occupancy | $115,637 |
| 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 | $31,744 |
| Insurance | $7,044 |
| All other expenses | $2,827 |
| Total functional expenses | $2,192,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $856,737 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $95,226 |
| Investments—publicly traded securities | $23,640,407 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $334,747 |
| Other assets | $0 |
| Total assets | $24,927,117 |
| Accounts payable and accrued expenses | $13,617 |
| Grants payable | $1,323,833 |
| 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 | $357,046 |
| Other liabilities | $0 |
| Total liabilities | $1,694,496 |
| Net assets without donor restrictions | $21,544,919 |
| Net assets with donor restrictions | $1,687,702 |
| 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 | $24,927,117 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Fund For Teachers A Foundation To Recognize Stimulate And Enhance has recieved totaling $597,100.
| Awarding Organization | Amount |
|---|---|
Dalio Family Fund Inc Westport, CT PURPOSE: RESTRICTED TO SUPPORT WORK IN CT DURING 2021-2022 ACADEMIC YEAR | $350,000 |
Dalio Family Fund Inc Westport, CT PURPOSE: RESTRICTED TO SUPPORT 2021 WORK IN THE CONNECTICUT REGION | $200,000 |
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $47,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
Austin Trinity School Austin, TX | $48,197,793 | $16,908,197 |
Arlington Classics Academy Arlington, TX | $32,317,939 | $15,087,121 |
Northlake Christian School Covington, LA | $15,559,549 | $15,961,975 |
Texas Coalition For Animal Protection Fort Worth, TX | $9,140,859 | $14,917,183 |
Covenant Knights School Dallas, TX | $65,440,145 | $15,652,987 |
Compass Academy Charter School Inc Odessa, TX | $45,382,353 | $13,322,993 |
Oklahoma Connections Academy Inc Bartlesville, OK | $2,156,539 | $12,078,246 |
Leadership Prep School Frisco, TX | $24,409,285 | $12,471,078 |
Arkansas Public School Resource Center Inc Little Rock, AR | $6,340,415 | $12,760,504 |
Mission Interests Committee Harrison, AR | $10,271,501 | $13,233,204 |
Texas Tribune Inc Austin, TX | $12,456,170 | $12,467,958 |