Korda Institute For Teaching
- Assets
- $568.9k
- Revenue
- $918.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Cleveland, OH
- Founding
- 06/2018
- Data as of
- 06/2022
- EIN
- 81-4924122
Organization Overview
Korda Institute For Teaching is located in Cleveland, OH. The organization was established in 2018. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Korda Institute For Teaching employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korda Institute For Teaching 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 06/2022, Korda Institute For Teaching generated $918.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $961.2k during the year ending 06/2022. 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
KORDA INSTITUTE FOR TEACHING IS A 501C3 NON-PROFIT WHOSE MISSION IS TO TRANSFORM SCHOOL BY CHANGING HOW TEACHERS TEACH AND STUDENTS LEARN. UNLIKE MOST OTHERS, THEY MAKE CHANGE WITHIN EXISTING K12 SCHOOLS BY UPSKILLING TEACHERS WITH 21ST CENTURY METHODS. THEY HAVE WORKED WITH OVER 700 EDUCATORS ACROSS OVER 200 SCHOOLS AND IMPACTED OVER 75,000 STUDENTS AND ARE HAVING UNPRECEDENTED RESULTS TRANSFORMING TEACHERS AND STUDENTS. THE RESULTS ARE MORE ENGAGED STUDENTS WITH INCREASED AGENCY AND DEEP LEARNING OF 21ST CENTURY SKILLS AND ACADEMIC CONTENT. KORDA INSTITUTE IS COMMITTED TO EQUITABLE ACCESS TO QUALITY EDUCATION WITH A FOCUS ON CREATING SUSTAINABLE CHANGE IN PUBLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KORDA INSTITUTE FOR TEACHING IS A 501C3 NONPROFIT WHOSE MISSION IS TO TRANSFORM SCHOOL BY CHANGING HOW TEACHERS TEACH AND STUDENTS LEARN. KORDA INSTITUTE UPSKILLS EDUCATORS IN EXISTING SCHOOLS WITH RADICALLY DIFFERENT TEACHING METHODS FOR 21ST CENTURY LEARNING. THROUGH KORDA INSTITUTE'S PROCESS FOR TEACHER DEVELOPMENT, WE EMPOWER TEACHERS TO CENTER STUDENT LEARNING ON SKILLS DEVELOPMENT AND DEEPER LEARNING, WHILE STUDENTS SOLVE REAL CHALLENGES IN THEIR COMMUNITIES. KORDA INSTITUTE EQUIPS EDUCATORS WITH THE SKILLS AND METHODS THAT CONSISTENTLY RESULT IN TRANSFORMATIVE LEARNING FOR THEIR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doris Korda CEO | OfficerTrustee | 40 | $200,000 |
Alison Tanker Creative Dir | 40 | $108,962 | |
Karen Miner-Romanoff Vice Preside | OfficerTrustee | $0 | |
Julie Raskind President | OfficerTrustee | $0 | |
Lisa Stein Treasurer/se | OfficerTrustee | $0 | |
Tod Francis Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $234,923 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $307,823 |
| Total Program Service Revenue | $610,650 |
| 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 | $918,473 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $200,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $382,351 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,847 |
| Payroll taxes | $45,929 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,462 |
| Fees for services: Accounting | $1,695 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $190,003 |
| Advertising and promotion | $42,568 |
| Office expenses | $398 |
| Information technology | $20,485 |
| Royalties | $0 |
| Occupancy | $4,200 |
| Travel | $4,557 |
| 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 | $1,532 |
| Insurance | $1,566 |
| All other expenses | $260 |
| Total functional expenses | $961,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $486,358 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,700 |
| 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 | $1,834 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $568,892 |
| Accounts payable and accrued expenses | $14,054 |
| 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 | $5,281 |
| Total liabilities | $19,335 |
| Net assets without donor restrictions | $549,557 |
| 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 | $568,892 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Korda Institute For Teaching has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $7,500 |
Lockhart Vaughan Foundation Inc Baltimore, MD PURPOSE: EDUCATION: PROMOTING INNOVATIVE PROJECT-BASED TEACHING AND LEARNING. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project Lead The Way Inc Indianapolis, IN | $104,347,608 | $65,462,690 |
Educational Commission For Foreign Medical Graduates Philadelphia, PA | $218,692,756 | $72,786,979 |
Summit Academy Management Akron, OH | $25,217,091 | $45,520,259 |
Ohio Connections Academy Inc Mason, OH | $14,548,496 | $44,580,487 |
Lighthouse Academies Of Northwest Indiana Inc Gary, IN | $25,011,234 | $24,142,982 |
Camc Health Education And Research Institute Inc Charleston, WV | $10,132,150 | $15,955,209 |
Childrens Center For Developmental Enrichment Westerville, OH | $12,309,399 | $12,926,419 |
Ecumenical Community Hershey, PA | $4,358,759 | $9,348,993 |
Edchoice Inc Indianapolis, IN | $20,542,454 | $10,117,129 |
Teachers Treasures Inc Indianapolis, IN | $1,070,406 | $9,359,257 |
Rev1 Ventures Columbus, OH | $21,187,153 | $10,381,705 |
Integrity Educational Services Grand Rapids, MI | $1,165,431 | $9,051,642 |