American Federation Of Teachers
- Assets
- $2.8m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 21
- Location
- Juneau, AK
- Founding
- 12/1967
- Data as of
- 06/2023
- EIN
- 92-0031821
Organization Overview
American Federation Of Teachers is located in Juneau, AK. The organization was established in 1967. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 06/2023, American Federation Of Teachers employed 21 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Federation Of Teachers is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2023, American Federation Of Teachers generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $3.5m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LABOR UNION-TO IMPROVE MEMBERS COMPENSATION AND WORKING CONDITIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
LABOR UNION-TO IMPROVE MEMBERS COMPENSATION AND WORKING CONDITIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard Verrelli Finance Officer | Officer | 40 | $156,918 |
Jeffrey Kasper Business Manager | Officer | 40 | $131,561 |
Michael Koskie Regional Manager | 40 | $131,402 | |
Jennifer Geary Field Associate | 40 | $119,371 | |
Sandy Thompson Wallace President | OfficerTrustee | 1 | $0 |
Mike Miller Executive Vice President | OfficerTrustee | 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 | $140,219 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,219 |
| Total Program Service Revenue | $2,897,569 |
| Investment income | $42,128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,446 |
| Net Gain/Loss on Asset Sales | -$9,589 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,101,300 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,086 |
| 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. | $414,752 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,196,748 |
| Pension plan accruals and contributions | $138,819 |
| Other employee benefits | $355,347 |
| Payroll taxes | $123,340 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,840 |
| Fees for services: Lobbying | $17,336 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,498 |
| Fees for services: Other | $38,262 |
| Advertising and promotion | $9,186 |
| Office expenses | $98,889 |
| Information technology | $43,036 |
| Royalties | $0 |
| Occupancy | $248,294 |
| Travel | $43,182 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $146,042 |
| Interest | $63 |
| Payments to affiliates | $518,580 |
| Depreciation, depletion, and amortization | $10,060 |
| Insurance | $11,708 |
| All other expenses | $0 |
| Total functional expenses | $3,491,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $377,339 |
| Savings and temporary cash investments | $784,031 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,155 |
| 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 | $82,016 |
| Investments—publicly traded securities | $1,513,727 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,600 |
| Total assets | $2,792,868 |
| Accounts payable and accrued expenses | $31,329 |
| 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 | $1,200 |
| Total liabilities | $32,529 |
| Net assets without donor restrictions | $0 |
| 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 | $2,760,339 |
| Total liabilities and net assets/fund balances | $2,792,868 |