Retired Teachers Association Of Chicago
- Assets
- $9.5m
- Revenue
- $378.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Chicago, IL
- Founding
- 05/1952
- Data as of
- 12/2021
- EIN
- 36-2214641
Organization Overview
Retired Teachers Association Of Chicago is located in Chicago, IL. The organization was established in 1952. According to its NTEE Classification (Y33) the organization is classified as: Teachers Retirement Fund Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Retired Teachers Association Of Chicago employed 4 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Retired Teachers Association Of Chicago is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Retired Teachers Association Of Chicago generated $378.1k 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 (5.1%) each year. All expenses for the organization totaled $223.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS THE PRIMARY ADVOCATE FOR RETIRED CHICAGO PUBLIC SCHOOL EDUCATORS AND TO EMPOWER THEM BY ENGAGING IN ACTIVITIES AND SERVICES THAT WILL PROMOTE THEIR WELL-BEING WITH PARTICULAR EMPHASIS ON THE MAINTENANCE OF THEIR PENSIONS AND ANCILLLARY BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SERVE AS THE PRIMARY ADVOCATE FOR RETIRED CHICAGO PUBLIC SCHOOL EDUCATORS AND TO EMPOWER THEM BY ENGAGING IN ACTIVITIES AND SERVICES THAT WILL PROMOTE THEIR WELL-BEING WITH PARTICULAR EMPHASIS ON THE MAINTENANCE OF THEIR PENSIONS AND ANCILLLARY BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arlene Crandall Executive Dir. | Officer | 40 | $54,000 |
Hubert C Jackson Jr Treasurer | Officer | 0 | $0 |
Louella B Preston 1st Vc. Pres. | Officer | 0 | $0 |
Sylvia Asllani Secretary | Officer | 0 | $0 |
Linda R Williams 2nd Vc Pres. | Officer | 0 | $0 |
John A Butterfield President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $72,450 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,835 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,285 |
| Total Program Service Revenue | $0 |
| Investment income | $227,552 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,805 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $378,075 |
| 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. | $52,438 |
| Compensation of current officers, directors, key employees. | $5,244 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,082 |
| Fees for services: Management | $54,406 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,558 |
| Fees for services: Lobbying | $20,307 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,700 |
| Advertising and promotion | $0 |
| Office expenses | $2,291 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,724 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,766 |
| Insurance | $3,343 |
| All other expenses | $6,681 |
| Total functional expenses | $223,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $595,548 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,399 |
| 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 | $8,927 |
| Investments—publicly traded securities | $8,848,769 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,459,643 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $50 |
| 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 | $0 |
| Total liabilities | $50 |
| Net assets without donor restrictions | $9,306,626 |
| Net assets with donor restrictions | $152,967 |
| 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 | $9,459,643 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Illinois Retired Teachers Association Inc Springfield, IL | $3,874,757 | $1,353,048 |
Retired Teachers Association Of Chicago Chicago, IL | $9,459,643 | $378,075 |
Shoals Community School Corporation Veba Trust Shoals, IN | $530,090 | $18,693 |
Nellie R Sherwood Trust Cedar Rapids, IA | $147,967 | $11,925 |
Tr 3500 Maple Corp Chicago, IL | $114,838,946 | $673,954 |