Million Dollar Teacher Project
- Assets
- $570.2k
- Revenue
- $307.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Phoenix, AZ
- Founding
- 08/2016
- Data as of
- 06/2024
- EIN
- 81-3050329
Organization Overview
Million Dollar Teacher Project is located in Phoenix, AZ. The organization was established in 2016. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 06/2024, Million Dollar Teacher Project employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Million Dollar Teacher Project 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 06/2024, Million Dollar Teacher Project generated $307.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 51.2% each year . All expenses for the organization totaled $425.0k during the year ending 06/2024. While expenses have increased by 50.4% per year over the past 4 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ELEVATE THE TEACHING PROFESSION THROUGH INCREASED SUPPORT, COMPENSATION AND RECOGNITION
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAJOR PROGRAMS TEACHER APPRECIATION PACKAGETHE TEACHER APPRECIATION PACKAGE IS AN EFFORT BY MILLION DOLLAR TEACHER PROJECT TO CONNECT TEACHERS WITH LOCAL BUSINESSES IN THEIR COMMUNITY THROUGH A WEEK OF MEANINGFUL DISCOUNTS DURING NATIONAL EDUCATION MONTH OF NOVEMBER AND TEACHER APPRECIATION WEEK IN MAY. THE GOAL OF THE T.A.P. PROGRAM IS TO ELEVATE THE SPENDING POWER OF TEACHERS IN ARIZONA WHOSE COMPENSATION DOES NOT KEEP UP WITH THEIR PERSONAL AND CLASSROOM NEEDS.BY TAPPING IN, LOCAL AND ONLINE BUSINESSES HAVE THE OPPORTUNITY TO SERVE TEACHERS IN THEIR COMMUNITY BY JUST DOING WHAT THEY DO BEST. BY PROMOTING BUSINESSES THAT SUPPORT TEACHERS, MILLION DOLLAR TEACHER PROJECT HOPES TO CREATE A MORE CONNECTED COMMUNITY THAT RISES TOGETHER TO MEET AND EXCEED THE NEEDS OF LOCAL HARD-WORKING EDUCATORS. WHEN TEACHERS BENEFIT, WE ALL BENEFIT.
MAJOR PROGRAMS TAKE A TEACHER TO LUNCHRECOGNITION PILLAR IMPACT & OUTCOMES TAKE A TEACHER TO LUNCH (TTL).MDTPS TAKE A TEACHER TO LUNCH (TTL) PROGRAM WAS LAUNCHED BACK IN 2016. THIS INITIATIVE ENSURES MEANINGFUL RECOGNITION FOR TEACHERS AND CONNECTION TO CAMPUS CULTURE BY BRINGING FULLY CATERED MEALS, PRIZE PACKAGES, GAMES, GUEST SPEAKERS, AND MORE TO SCHOOL CAMPUSES DURING THE ACADEMIC YEAR. THIS YEAR, MDTP RECEIVED $38,465.51 IN DONATIONS AND SPONSORSHIPS FOR THE TAKE A TEACHER TO LUNCH PROGRAM! MDTP BROUGHT THE PROGRAM TO 8 DIFFERENT SCHOOLS/DISTRICTS (5 PUBLIC AND 3 CHARTER).
MAJOR PROGRAMS CLASSROOM SUPPORT TEAMSUPPORT PILLAR IMPACT & OUTCOMES CLASSROOM SUPPORT TEAM (CST)THE CLASSROOM SUPPORT TEAM (CST) IS A TEAM OF INTERNS OR COMMUNITY VOLUNTEERS SUPPORTING A GRADE LEVEL OF TEACHERS. THE PROGRAM RAN AT OUR FOCUS SCHOOLS, MADRID NEIGHBROHOOD SCHOOL AND THEW ELEMENTARY SCHOOL FROM SEPTEMBER 3RD, 2023 - MARCH 28TH, 2024, AND ASSISTED 6 TEACHERS. CST MEMBERS IMPACTED THE LEARNING OUTCOMES OF 284 STUDENTS (4TH GRADES, 7TH GRADES, AND 8TH GRADES) THIS YEAR BY SUPPORTING THE LEAD TEACHERS. THIS YEAR, MDTP GAVE 1,314 HOURS AND 36 MINUTES BACK TO TEACHERS, AN IN-KIND VALUE OF $18,400.76.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lloyd Hopkins Founder And CEO | OfficerTrustee | 40 | $59,583 |
Leighton Tyau Treasurer | Officer | 0 | $0 |
Rhonda Bowman Vice President | Officer | 0 | $0 |
Brian Stinson Secretary | Officer | 0 | $0 |
Michelle Alvis Member | Officer | 0 | $0 |
Karen Ulinski President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,620 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $301,884 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $307,504 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $307,504 |
| 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. | $59,583 |
| Compensation of current officers, directors, key employees. | $29,791 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,503 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,744 |
| Fees for services: Management | $11,650 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,865 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,079 |
| Office expenses | $10,206 |
| Information technology | $4,881 |
| Royalties | $0 |
| Occupancy | $16,175 |
| Travel | $980 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,018 |
| Interest | $4,472 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,903 |
| All other expenses | $151,926 |
| Total functional expenses | $424,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $468,848 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,000 |
| 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 | $1,371 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $25,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $570,219 |
| Accounts payable and accrued expenses | $82,008 |
| 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 | $0 |
| Total liabilities | $82,008 |
| Net assets without donor restrictions | $488,211 |
| Net assets with donor restrictions | $0 |
| 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 | $570,219 |