Storehouse For Teachers
- Assets
- $4.6m
- Revenue
- $14.9m
- Investments
- $233.3k
- Employees
- 18
- Location
- Pittsburgh, PA
- Founding
- 10/2009
- Data as of
- 04/2024
- EIN
- 90-0438744
Organization Overview
Storehouse For Teachers, operating under the name The Education Partnership, is located in Pittsburgh, PA. The organization was established in 2009. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 04/2024, Education Partnership employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education Partnership 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 04/2024, Education Partnership generated $14.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $14.4m during the year ending 04/2024. While expenses have increased by 16.4% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
(SEE SCHEDULE O) THE EDUCATION PARTNERSHIP PROVIDES SCHOOL SUPPLIES TO STUDENTS AND THEIR TEACHERS IN UNDER-RESOURCED SCHOOLS THROUGHOUT SOUTHWESTERN PA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S APPROACH TO ADDRESSING EDUCATIONAL INEQUITIES IS PRAGMATIC AND RESULTS-DRIVEN, AS BEST EXEMPLIFIED BY THE ORGANIZATION'S CORE PROGRAM, IN ADDITION TO A NUMBER OF NEW PROGRAMS DESIGNED IN CONJUNCTION WITH CORPORATIONS, ASSOCIATIONS, AND OTHER NONPROFIT ORGANIZATIONS. THE CORE PROGRAM OF THE ORGANIZATION, THE TEACHER RESOURCE CENTER, PROVIDES SCHOOL AND CLASSROOM SUPPLIES, AT NO COST, TO ELIGIBLE SCHOOLS IN THE ORGANIZATION'S EIGHT COUNTY SERVICE AREA.THE FUNDAMENTAL CRITERION FOR ELIGIBILITY IS THAT A SCHOOL MUST DEMONSTRATE THAT AT LEAST 70% OF THE STUDENT BODY QUALIFIES FOR THE NATIONAL SCHOOL LUNCH PROGRAM. SCHOOLS PRIMARILY SERVING GRADES PREK-12 ARE CHOSEN ANNUALLY THROUGH AN APPLICATION PROCESS. (CONTINUE) THE ORGANIZATION IS COMMITTED TO UTILIZING A FAIR AND UNBIASED PROCESS WHEN CHOOSING PARTNERS ANNUALLY FOR THE ORGANIZATION'S SCHOOL AND CLASSROOM SUPPLY INITIATIVE. TEACHERS FROM PARTICIPATING SCHOOLS MAY COME TO THE ORGANIZATION'S RESOURCE CENTER, LOCATED IN PITTSBURGH, TWO TIMES DURING THE SCHOOL YEAR TO SECURE SUPPLIES FOR THEMSELVES AND THEIR STUDENTS FROM A WIDE ARRAY OF MATERIALS. PENCILS, CRAYONS, NOTEBOOKS, AND BINDERS ARE SOME OF THE MOST CRITICALLY NEEDED ITEMS.
OUR ADOPT-A-SCHOOL PROGRAM BRINGS TOGETHER VOLUNTEERS, BUSINESSES, AND ORGANIZATIONS TO SPONSOR AND ENGAGE IN TEAM-BUILDING OPPORTUNITIES THAT PROVIDE POWER TOOLS HOMEWORK KITS FOR STUDENTS IN UNDER-RESOURCED SCHOOLS. SPONSORS PARTICIPATE IN AN IN-SCHOOL OR VIRTURAL DISTRIBUTION OF THESE KITS.
THE STEAM HUB PROVIDES RESOURCES TO PARTNER SCHOOL TEACHERS SPECIFIC TO THE AREAS OF SCIENCE, TECHNOLOGY ENGINEERING, ART AND MATH. THE PROGRAM ACCOMPLISHED THIS THROUGH MULTIPLE AVENUES. ALL TEACHERS HAVE THE ABILITY TO LOAN OUT CLASSROOM KITS WITH HI-TECH RESOURCES FOR TEACHING SPECIFIC LESSONS FOR PERIODS OF AT LEAST 6 WEEKS. THE PROGRAM ALSO PROVIDES ACCESS TO CONSUMABLE MAKER MATERIALS FOR STUDENT DESIGN AND CREATION OF HANDS-ON APPLICATION. FINALLY, THE PROGRAM PROVIDES ACCESS TO TEACHER TRAINING AND PROFESSIONAL DEVELOPMENT FOR RELEVANT STEAM TOPICS AND TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keri Brown Board Chair | OfficerTrustee | 1 | $0 |
Sharon Cercone Vice Chair | OfficerTrustee | 1 | $0 |
Douglas Morally Treasurer | OfficerTrustee | 1 | $0 |
Megan E Thompson Secretary | OfficerTrustee | 1 | $0 |
Taki Darakos Director | Trustee | 0.7 | $0 |
Jide Famuagun Director | Trustee | 0.7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,613 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,732,191 |
| Noncash contributions included in lines 1a–1f | $12,835,361 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,740,804 |
| Total Program Service Revenue | $0 |
| Investment income | $4,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $130,658 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,875,887 |
| 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. | $140,034 |
| Compensation of current officers, directors, key employees. | $21,005 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $805,327 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,740 |
| Payroll taxes | $73,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $30,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,866 |
| Advertising and promotion | $18,752 |
| Office expenses | $15,312 |
| Information technology | $764 |
| Royalties | $0 |
| Occupancy | $12,050 |
| Travel | $16,132 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,656 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,837 |
| Insurance | $16,737 |
| All other expenses | $30,611 |
| Total functional expenses | $14,413,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,572 |
| Savings and temporary cash investments | $1,183,567 |
| Pledges and grants receivable | $222,161 |
| 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 | $1,735,454 |
| Prepaid expenses and deferred charges | $18,742 |
| Net Land, buildings, and equipment | $1,059,841 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $233,284 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,100 |
| Total assets | $4,632,721 |
| Accounts payable and accrued expenses | $20,184 |
| Grants payable | $0 |
| Deferred revenue | $121,225 |
| 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 | $191,582 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $167,388 |
| Total liabilities | $500,379 |
| Net assets without donor restrictions | $3,888,042 |
| Net assets with donor restrictions | $244,300 |
| 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 | $4,632,721 |