Teach Inc
- Assets
- $51.6m
- Revenue
- $22.0m
- Investments
- $0.0
- Employees
- 136
- Location
- Los Angeles, CA
- Founding
- 09/2004
- Data as of
- 06/2022
- EIN
- 95-4856901
Organization Overview
Teach Inc is located in Los Angeles, CA. The organization was established in 2004. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Teach Inc employed 136 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teach Inc 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, Teach Inc generated $22.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $17.4m during the year ending 06/2022. While expenses have increased by 18.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE, MANAGE, OPERATE, GUIDE, DIRECT AND PROMOTE ONE OR MORE PUBLIC CHARTER SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE PUBLIC CHARTER SCHOOLS PROVIDING EDUCATIONAL OPPORTUNITIES TO THE SURROUNDING COMMUNITIES. DURING THE YEAR ENDED JUNE 30, 2022, THE ORGANIZATION OPERATED 3 CHARTER SCHOOL SERVING APPROXIMATELY 1,148 STUDENTS IN GRADES TK-3RD AND GRADES 5TH- 12TH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raul Carranza Executive Director | Officer | 40 | $199,557 |
Matt Brown CFO | Officer | 40 | $195,725 |
Jj Lewis Chair | OfficerTrustee | 1 | $0 |
James Lobdell Secretary | OfficerTrustee | 1 | $0 |
Spencer Burrows Member | Trustee | 1 | $0 |
Austin Dragon Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,913,726 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,431 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,966,157 |
| Total Program Service Revenue | $0 |
| Investment income | $17,778 |
| 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 | $21,986,650 |
| 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. | $536,742 |
| Compensation of current officers, directors, key employees. | $64,411 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,495,637 |
| Pension plan accruals and contributions | $865,626 |
| Other employee benefits | $464,897 |
| Payroll taxes | $312,009 |
| Fees for services: Management | $113,193 |
| Fees for services: Legal | $21,242 |
| Fees for services: Accounting | $39,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,182,786 |
| Advertising and promotion | $22,765 |
| Office expenses | $359,287 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $616,853 |
| Travel | $33,430 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,790,680 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,272,987 |
| Insurance | $172,729 |
| All other expenses | $0 |
| Total functional expenses | $17,431,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,927,498 |
| Savings and temporary cash investments | $3,491,712 |
| Pledges and grants receivable | $3,957,902 |
| Accounts receivable, net | $1,443,385 |
| 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 | $192,763 |
| Net Land, buildings, and equipment | $30,560,454 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $51,573,714 |
| Accounts payable and accrued expenses | $1,978,469 |
| Grants payable | $0 |
| Deferred revenue | $970,031 |
| Tax-exempt bond liabilities | $35,006,637 |
| 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 | $188,452 |
| Other liabilities | $0 |
| Total liabilities | $38,143,589 |
| Net assets without donor restrictions | $13,430,125 |
| 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 | $51,573,714 |