Teach For America Inc
- Assets
- $456.1m
- Revenue
- $273.6m
- Investments
- $0.0
- Employees
- 3,340
- Location
- New York, NY
- Founding
- 06/1993
- Data as of
- 05/2020
- EIN
- 13-3541913
Organization Overview
Teach For America Inc is located in New York, NY. The organization was established in 1993. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 05/2022, Teach For America Inc employed 3,340 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teach For America 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 05/2020, Teach For America Inc generated $273.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $288.6m during the year ending 05/2020. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Teach For America Inc has awarded 22 individual grants totaling $29,740,379. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
CHILDREN GROWING UP IN HISTORICALLY MARGINALIZED AND DISENFRANCHISED COMMUNITIES LACK ACCESS TO A BROAD SPECTRUM OF RESOURCES AND OPPORTUNITIES, AND ATTEND SCHOOLS THAT ARE NOT EQUIPPED TO MEET THEIR UNMET NEEDS. TO ADDRESS THIS, TFA'S MISSION IS TO FIND, DEVELOP, AND SUPPORT A DIVERSE NETWORK OF LEADERS COMMITTED TO EXPANDING OPPORTUNITY FOR CHILDREN FROM CLASSROOMS, SCHOOLS, AND EVERY SECTOR AND FIELD THAT SHAPES THE BROADER SYSTEMS IN WHICH SCHOOLS OPERATE. TFA DOES THIS BY FINDING PROMISING LEADERS; DEVELOPING AND CULTIVATING THE LEADERSHIP SKILLS AND MINDSETS NECESSARY FOR SYSTEMS CHANGE THROUGH CLASSROOM TEACHING; AND SUPPORTING THE INDIVIDUAL AND COLLECTIVE LEADERSHIP, RELATIONSHIPS, AND LEARNING OF THOSE IN THE TFA NETWORK THROUGHOUT THEIR LIFETIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORPS MEMBER PROFESSIONAL DEVELOPMENT AND OTHER - TFA DEVELOPS AND CULTIVATES THE LEADERSHIP SKILLS AND MINDSETS NECESSARY FOR SYSTEMS-CHANGE THROUGH CLASSROOM TEACHING. TFA REGIONAL STAFF, IN PARTNERSHIP WITH NATIONAL SUPPORT TEAMS, ARE RESPONSIBLE FOR COACHING CORPS MEMBERS, MONITORING PROGRESS THROUGHOUT THEIR TWO-YEAR COMMITMENT, PROVIDING ONGOING PROFESSIONAL DEVELOPMENT, AND CONNECTING CORPS MEMBERS TO THE BROADER NETWORK.
CORPS MEMBER RECRUITMENT, SELECTION AND PLACEMENT - TFA RECRUITS OUTSTANDING AND DIVERSE LEADERS EARLY IN THEIR CAREERS, WHO HAVE DEMONSTRATED EVIDENCE OF THE VALUES AND LEADERSHIP NECESSARY TO EXPAND OPPORTUNITY AND ACCESS FOR ALL CHILDREN INSIDE AND OUTSIDE OF THE CLASSROOM. MAJOR ACTIVITIES INCLUDE ON AND OFF CAMPUS RECRUITING EVENTS, PROCESSING APPLICATIONS, AND CONDUCTING INTERVIEWS, AND STRATEGICALLY PLACING APPLICANTS TO REGIONS THAT BEST MATCH QUALIFICATIONS AND PREFERENCES. IN 2022, TFA PLACED CORPS MEMBERS IN 48 URBAN AND RURAL REGIONS THROUGHOUT THE UNITED STATES AND PROVIDED ASSISTANCE THROUGH A NEED BASED FINANCIAL AID PROGRAM TO SUPPORT THEM WITH THEIR MOVES TO THESE REGIONS.
ALUMNI AFFAIRS - AS THEIR CAREERS TAKE SHAPE, TFA HELPS ALUMNI CONNECT WITH EACH OTHER AND WITH HIGH-IMPACT OPPORTUNITIES TO CONTINUE TO GROW AND LEARN IN PURSUIT OF COLLECTIVE IMPACT. THESE ACTIVITIES FOCUS ON INFORMATION/KNOWLEDGE DISSEMINATION AND NETWORKING, AS WELL AS LEADERSHIP DEVELOPMENT IN SPECIFIC PROGRAMMATIC AREAS: CLASSROOM PRACTICE, SCHOOL LEADERSHIP, SCHOOL SYSTEMS LEADERSHIP, POLICY/ORGANIZING WORK, AND SOCIAL ENTREPRENEURSHIP. IN 2022, APPROXIMATELY FOUR FIFTHS OF OUR 61,253 ALUMNI WORKED IN EDUCATION OR IN FIELDS THAT IMPACT LOW-INCOME COMMUNITIES.
PRE-SERVICE INSTITUTE - TFA PROVIDES INTENSIVE SUMMER TRAINING FOR INCOMING CORPS MEMBERS, LED BY STAFF AND IN PARTNERSHIP WITH LOCAL PUBLIC SCHOOL DISTRICTS. IN RESPONSE TO COVID-19 SAFETY REQUIREMENTS IN PLACE DURING SUMMER 2021, APPROXIMATELY 2,637 CORPS MEMBERS WERE TRAINED IN A VIRTUAL PRE-SERVICE SETTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Svam International Inc It Consultant Support | 5/30/22 | $1,134,898 |
American Institutes For Research Professional Service - Program Research | 5/30/22 | $1,580,743 |
Vchief Llc Virtual Assistant Services | 5/30/22 | $549,333 |
Wilmer Cutler Pickering Hale And Dorr Llp Professional Service - Legal Services | 5/30/22 | $1,408,543 |
Transcend Inc Session Design & Facilitation | 5/30/22 | $541,675 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $243,222,144 |
| Investment income | $7,086,522 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $964 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$21,906 |
| Net Income from Fundraising Events | -$437,079 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $273,618,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $8,673,736 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,924,596 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $160,442,320 |
| Pension plan accruals and contributions | $5,430,598 |
| Other employee benefits | $18,353,793 |
| Payroll taxes | $12,213,920 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $466,937 |
| Fees for services: Accounting | $134,776 |
| Fees for services: Lobbying | $1,156,945 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,805 |
| Fees for services: Other | $11,733,250 |
| Advertising and promotion | $4,469,452 |
| Office expenses | $7,055,387 |
| Information technology | $3,433,744 |
| Royalties | $0 |
| Occupancy | $15,511,774 |
| Travel | $22,204,429 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,612,629 |
| Interest | $357,302 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,166,239 |
| Insurance | $559,229 |
| All other expenses | $0 |
| Total functional expenses | $288,574,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,414,129 |
| Savings and temporary cash investments | $3,943,646 |
| Pledges and grants receivable | $50,076,346 |
| Accounts receivable, net | $494,847 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $49,396 |
| Prepaid expenses and deferred charges | $4,114,970 |
| Investments—publicly traded securities | $339,753,752 |
| Investments—other securities | $0 |
| Investments—program-related | $3,068,200 |
| Intangible assets | $0 |
| Other assets | $4,793,542 |
| Total assets | $456,147,778 |
| Accounts payable and accrued expenses | $35,588,493 |
| Grants payable | $0 |
| Deferred revenue | $3,124,316 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $8,000 |
| 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 | $11,129,473 |
| Total liabilities | $49,850,282 |
| 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 |
| Total liabilities and net assets/fund balances | $406,297,496 |
Grants Awarded
Over the last fiscal year, Teach For America Inc has awarded $4,235,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: This grant aims to assist LEE: in growing membership and member engagement; growing individual leadership pipelines in policy, advocacy, and organizing careers; and building collective action. At the time of the grant, there were over 46,933 LEE members. LEE planned to grow to 47,000 members across the US by December 31, 2021, and 49,000 by December 31, 2022. LEE also planned to grow the number of LEE members to include an additional 55 senior leaders in senior policy, advocacy, and organizing leaders by December 31, 2021, and by 120 by December 31, 2022. | $4,200,000 |
UNIVERSITY OF WASHINGTON PURPOSE: The purpose of this grant is related to community partner internship in which a University of Washington doctoral student will administer Teach For America Washington's College Service Corp program | $35,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Teach For America Inc has recieved totaling $106,000.
| Awarding Organization | Amount |
|---|---|
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $100,000 |
Kramer Family Foundation Paradise Valley, AZ PURPOSE: EDUCATIONAL TRAINING SERVICES | $6,000 |
Endowment Analysis
| Beg. Balance | $370,035,763 |
| Earnings | -$20,650,923 |
| Net Contributions | $250,000 |
| Other Expense | $2,344,859 |
| Ending Balance | $347,289,981 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pace University New York, NY | $1,093,406,747 | $627,806,353 |
Teach For America Inc New York, NY | $456,147,778 | $273,618,155 |
Bryant & Stratton Inc Orchard Park, NY | $145,134,093 | $240,603,732 |
Relay Graduate School Of Education New York, NY | $56,720,403 | $55,978,916 |
William J Brennan Jr Center For Justice Inc New York, NY | $161,401,732 | $45,056,482 |
American Academy Of Dramatic Arts New York, NY | $82,489,294 | $25,967,106 |
Pennsylvania Academy Of The Fine Arts Philadelphia, PA | $133,610,587 | $20,470,730 |
Benjamin Franklin Institute Of Technology Boston, MA | $15,070,208 | $17,077,730 |
Montserrat College Of Art Inc Beverly, MA | $16,506,023 | $17,973,351 |
Merrick Academy Queens Public Charter School Springfield Gardens, NY | $3,505,135 | $11,792,569 |
Omega Institute For Holistic Studies Inc Rhinebeck, NY | $27,528,865 | $10,367,756 |
Yeshivat Aish Hatorah Clifton, NJ | $25,730,558 | $11,593,750 |