Chicago Federation Teachers Union
- Assets
- $18.0m
- Revenue
- $32.7m
- Investments
- $0.0
- Employees
- 67
- Location
- Chicago, IL
- Founding
- 08/1967
- Data as of
- 06/2022
- EIN
- 36-0906695
Organization Overview
Chicago Federation Teachers Union is located in Chicago, IL. 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 06/2022, Chicago Federation Teachers Union employed 67 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Chicago Federation Teachers Union is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2022, Chicago Federation Teachers Union generated $32.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $31.7m during the year ending 06/2022. While expenses have increased by 0.8% 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 PROMOTE UNION ACTIVITIES FOR TEACHERS, CAREER SERVICE MEMBERS AND OTHERS IN THE AREA OF CHICAGO, IL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPRESENTING ITS MEMBERS IN COLLECTIVE BARGAINING MATTERS, ADMINISTERING THE COLLECTIVE BARGAINING AGREEMENT AND PROMOTING QUALITY PUBLIC EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse Sharkey President | Officer | 50 | $137,215 |
Christel Williams Recording Secretary | Officer | 50 | $125,551 |
Maria Moreno Financial Secretary | Officer | 50 | $127,836 |
Stacy Davis-Gates Vice President | Officer | 50 | $130,633 |
Lois Jones Field Representative | 40 | $195,227 | |
Annette Rizzo Health & Benefits Coordina | 40 | $186,967 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dowd Bloch Bennett Cervone Legal Services | 6/29/22 | $488,694 |
Poltrock And Poltrock Legal Services | 6/29/22 | $323,860 |
Lawrence J Suffredin Jr Consulting Services | 6/29/22 | $106,000 |
Richard Media Company Communication Services | 6/29/22 | $102,635 |
Micro-tech Usa It Consulting | 6/29/22 | $101,936 |
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 | $72 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72 |
| Total Program Service Revenue | $32,557,162 |
| Investment income | $4,011 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $151,118 |
| 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 | $32,729,187 |
| 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 | $11,300 |
| Compensation of current officers, directors, key employees. | $663,491 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,185,916 |
| Pension plan accruals and contributions | $1,011,149 |
| Other employee benefits | $836,682 |
| Payroll taxes | $621,300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $263,373 |
| Fees for services: Accounting | $150,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $538,748 |
| Advertising and promotion | $0 |
| Office expenses | $337,320 |
| Information technology | $199,953 |
| Royalties | $0 |
| Occupancy | $1,913,756 |
| Travel | $435,884 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $544,161 |
| Interest | $161,067 |
| Payments to affiliates | $15,425,748 |
| Depreciation, depletion, and amortization | $593,689 |
| Insurance | $133,849 |
| All other expenses | $112,540 |
| Total functional expenses | $31,669,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,054,265 |
| Savings and temporary cash investments | $5,783,587 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $314,230 |
| 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 | $601,254 |
| Net Land, buildings, and equipment | $2,436,784 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,761,218 |
| Total assets | $17,951,338 |
| Accounts payable and accrued expenses | $5,796,636 |
| 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 | $4,882,794 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,520,682 |
| Total liabilities | $12,200,112 |
| Net assets without donor restrictions | $5,751,226 |
| 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 | $17,951,338 |