Nashville Teacher Residency
- Assets
- $398.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 06/2015
- Data as of
- 06/2022
- EIN
- 47-1461324
Organization Overview
Nashville Teacher Residency is located in Nashville, TN. The organization was established in 2015. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nashville Teacher Residency 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, Nashville Teacher Residency generated $1.1m 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 (14.9%) each year. All expenses for the organization totaled $978.8k during the year ending 06/2022. 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
WE DEVELOP AND LICENSE TEACHERS WITH DIVERSE BACKGROUNDS AND EXPERIENCES FOR SCHOOLS IN MIDDLE TENNESSEE. LAST YEAR, WE TRAINED 21 TEACHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NASHVILLE TEACHER RESIDENCY IS A ONE -YEAR STATE APPROVED EDUCATOR PREPARATION PROVIDER THAT TRAINS DIVERSE COHORTS OF EDUCATORS. WE PARTNER WITH LOCAL SCHOOLS TO CREATE AND/OR INCREASE THE LOCAL TEACHER PIPELINE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Tilden Executive Director | Officer | 45 | $100,479 |
Harry Allen Treasurer | OfficerTrustee | 0.5 | $0 |
Alan Coverstone Board Chair | OfficerTrustee | 1 | $0 |
Deborah Boyd Board Member | Trustee | 0.5 | $0 |
Amy Wooten Board Member | Trustee | 0.5 | $0 |
Keisha Fedderman Alumni Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $199,603 |
| All other contributions, gifts, grants, and similar amounts not included above | $679,105 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $878,708 |
| Total Program Service Revenue | $203,700 |
| Investment income | $518 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,041 |
| 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 | $1,094,967 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $33,011 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $109,955 |
| Compensation of current officers, directors, key employees. | $17,593 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $452,071 |
| Pension plan accruals and contributions | $18,460 |
| Other employee benefits | $64,931 |
| Payroll taxes | $45,114 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,369 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,716 |
| Advertising and promotion | $0 |
| Office expenses | $3,042 |
| Information technology | $9,090 |
| Royalties | $0 |
| Occupancy | $39,034 |
| 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 | $1,553 |
| Insurance | $22,512 |
| All other expenses | $7,137 |
| Total functional expenses | $978,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $281,052 |
| Pledges and grants receivable | $111,088 |
| Accounts receivable, net | $0 |
| 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 | $1,761 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,700 |
| Total assets | $398,601 |
| Accounts payable and accrued expenses | $250 |
| 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 | $0 |
| Total liabilities | $250 |
| Net assets without donor restrictions | $323,351 |
| Net assets with donor restrictions | $75,000 |
| 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 | $398,601 |
Grants Awarded
Over the last fiscal year, Nashville Teacher Residency has awarded $613,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: THIS GRANT HAS BEEN PROVIDED FOR GENERAL OPERATING SUPPORT | $437,500 |
Nashville, TN PURPOSE: THIS GRANT HAS BEEN PROVIDED FOR GENERAL OPERATING SUPPORT | $37,500 |
Antioch, TN PURPOSE: THIS GRANT HAS BEEN PROVIDED FOR GENERAL OPERATING SUPPORT | $28,000 |
Nashville, TN PURPOSE: THIS GRANT HAS BEEN PROVIDED FOR GENERAL OPERATING SUPPORT | $18,000 |
Nashville, TN PURPOSE: THIS GRANT HAS BEEN PROVIDED FOR GENERAL OPERATING SUPPORT | $18,000 |
Jackson, MS PURPOSE: THIS GRANT HAS BEEN PROVIDED FOR GENERAL OPERATING SUPPORT | $18,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Nashville Teacher Residency has recieved totaling $972,848.
| Awarding Organization | Amount |
|---|---|
Scarlett Family Foundation Nashville, TN PURPOSE: SUPPORT FOR OPERATIONS IN MIDDLE TENNESSEE | $400,000 |
City Fund Beaverton, OR PURPOSE: OPERATING SUPPORT | $200,000 |
Scarlett Family Foundation Nashville, TN PURPOSE: SUPPORT FOR OPERATIONS IN MIDDLE TENNESSEE | $150,000 |
Joe C Davis Foundation Nashville, TN PURPOSE: PROGRAM SUPPORT | $75,000 |
Charis Foundation Knoxville, TN PURPOSE: MATH AND SCIENCE TEACHER RESIDENTS | $45,000 |
Charis Foundation Knoxville, TN PURPOSE: MATH AND SCIENCE TEACHER RESIDENTS | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Graduate Management Admission Council Reston, VA | $230,212,828 | $77,127,681 |
Common Application Inc Arlington, VA | $52,971,416 | $52,316,500 |
Longwood University Real Estate Foundation Farmville, VA | $322,438,396 | $31,911,007 |
Duke Corporate Education Durham, NC | $27,489,390 | $18,675,614 |
University Of North Georgia Foundation Inc Dahlonega, GA | $101,168,345 | $9,379,486 |
Cape Fear Tutoring Inc Wilmington, NC | $2,173,027 | $16,040,654 |
Southern Assoc Of Colleges And Schools Commission On Colleges Inc Decatur, GA | $21,107,199 | $13,477,936 |
White Hall Enrichment Advancement Team Hayneville, AL | $52,157 | $11,823,582 |
National Association For College Admission Counseling Inc Arlington, VA | $22,607,858 | $9,863,408 |
North Mississippi Education Consortion University, MS | $2,578,004 | $9,299,460 |
Memphis Education Fund Inc Memphis, TN | $2,536,598 | $5,955,711 |
The Cottage School Educational Resource Center Inc Roswell, GA | $19,413,651 | $9,463,796 |