Teach Inc
- Assets
- $46.1m
- Revenue
- $17.9m
- Investments
- $0.0
- Employees
- 134
- Location
- Los Angeles, CA
- Founding
- 09/2004
- Data as of
- 06/2021
- 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 06/2021, Teach Inc employed 134 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 06/2021, Teach Inc generated $17.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $13.2m during the year ending 06/2021. While expenses have increased by 16.3% per year over the past 6 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
2021
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, 2021, THE ORGANIZATION OPERATED 3 CHARTER SCHOOL SERVING APPROXIMATELY 1,074 STUDENTS IN GRADES TK-3RD AND GRADES 5TH- 12TH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raul Carranza Superintendent | Officer | 40 | $157,165 |
Matt Brown CFO | Officer | 40 | $141,822 |
Mildred Cunningham Executive Director | Officer | 40 | $40,028 |
Sonali Tucker Chair | OfficerTrustee | 1 | $0 |
Kristen Mcgregor Secretary | OfficerTrustee | 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 | $17,852,295 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,398 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,883,693 |
| Total Program Service Revenue | $0 |
| Investment income | $20,772 |
| 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 | $17,904,465 |
| 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. | $476,297 |
| Compensation of current officers, directors, key employees. | $57,156 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,709,972 |
| Pension plan accruals and contributions | $622,941 |
| Other employee benefits | $452,487 |
| Payroll taxes | $222,838 |
| Fees for services: Management | $209,619 |
| Fees for services: Legal | $4,646 |
| Fees for services: Accounting | $32,339 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $908,888 |
| Advertising and promotion | $11,517 |
| Office expenses | $304,117 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $350,666 |
| Travel | $2,527 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,804,910 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,223,765 |
| Insurance | $172,435 |
| All other expenses | $0 |
| Total functional expenses | $13,168,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,626,930 |
| Savings and temporary cash investments | $3,679,350 |
| Pledges and grants receivable | $4,281,698 |
| Accounts receivable, net | $746,090 |
| 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 | $264,686 |
| Net Land, buildings, and equipment | $31,454,935 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,053,689 |
| Accounts payable and accrued expenses | $715,574 |
| Grants payable | $0 |
| Deferred revenue | $726,595 |
| Tax-exempt bond liabilities | $35,344,197 |
| 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 | $261,644 |
| Other liabilities | $0 |
| Total liabilities | $37,048,010 |
| Net assets without donor restrictions | $9,005,679 |
| 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 | $46,053,689 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Teach Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Teach Inc Los Angeles, CA | $46,053,689 | $17,904,465 |
Transcendence Theater Company Sonoma, CA | $1,498,299 | $4,201,604 |
Foundation For Traditional Cultureinc Mesa, AZ | $308,713 | $3,836,447 |
New Earth Organization Culver City, CA | $3,011,328 | $2,352,178 |
Muse-Ique Pasadena, CA | $2,379,427 | $2,164,576 |
A Noise Within Pasadena, CA | $12,904,846 | $2,707,072 |
Grand Performances Los Angeles, CA | $1,649,335 | $1,940,001 |
Arizona Academy Of The Performing Arts Inc Tempe, AZ | $1,249,723 | $1,575,057 |
Pioneer Center For The Performing Arts Reno, NV | $12,422,546 | $490,309 |
Valley Youth Theatre Phoenix, AZ | $6,747,995 | $6,073,336 |
Childrens Creativity Museum San Francisco, CA | $909,867 | $1,014,568 |
State Theater Of Modesto Inc Modesto, CA | $3,395,163 | $1,010,614 |