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NATIONAL CENTER FOR TEACHER RESIDENCIES INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
NATIONAL CENTER FOR TEACHER RESIDENCIES INC (EIN 26-0869607)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-03-15
IRS object ID
202540749349300509
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-03-15T09:14:19-05:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN882730877PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CHERRY BEKAERT ADVISORY LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11707 N RANDALL ROAD STE 200AddressLine1Txt
CityELGINCityNm
State AbbreviationILStateAbbreviationCd
ZIP60123ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN260869607EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NATIONAL CENTER FOR TEACHER RESIDENCIESBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNATIBusinessNameControlTxt
Phone3123978878PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11332 NORTH HALSTED STREET 304AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60642ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL VELASCOPersonNm
Person TitleCHAIRPersonTitleTxt
Phone3123978878PhoneNum
Signature2025-03-07SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMELANIE MCPEAKPreparerPersonNm
PTINP01346034PTIN
Phone8478888600PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDANIEL VELASCOPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11332 NORTH HALSTED STREET 304AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60642ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$15,481,914GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTP://NCTRESIDENCIES.ORG/WebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2007FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionOUR MISSION IS TO TRANSFORM EDUCATOR PREPARATION BY ADVANCING THE TEACHER RESIDENCY MOVEMENT TO PREPARE, SUPPORT, AND RETAIN MORE EFFECTIVE EDUCATORS WHO REPRESENT AND VALUE THE COMMUNITIES THEY SERVE.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee25TotalEmployeeCnt
Total Volunteers11TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$7,958,527PYContributionsGrantsAmt
CY Contributions Grants$14,058,811CYContributionsGrantsAmt
PY Program Service Revenue$1,542,914PYProgramServiceRevenueAmt
CY Program Service Revenue$1,266,422CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$156,681CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$9,501,441PYTotalRevenueAmt
CY Total Revenue$15,481,914CYTotalRevenueAmt
PY Grants And Similar Paid$4,937,500PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$7,568,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,548,089PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,633,046CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$529,009CYTotalFundraisingExpenseAmt
PY Other Expenses$1,220,114PYOtherExpensesAmt
CY Other Expenses$1,333,988CYOtherExpensesAmt
PY Total Expenses$9,705,703PYTotalExpensesAmt
CY Total Expenses$12,535,034CYTotalExpensesAmt
PY Revenues Less Expenses-$204,262PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,946,880CYRevenuesLessExpensesAmt
Total Assets BOY$7,766,347TotalAssetsBOYAmt
Total Assets EOY$12,763,674TotalAssetsEOYAmt
Total Liabilities BOY$4,281,571TotalLiabilitiesBOYAmt
Total Liabilities EOY$6,262,703TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,484,776NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$6,500,971NetAssetsOrFundBalancesEOYAmt
MissionOUR MISSION IS TO TRANSFORM EDUCATOR PREPARATION BY ADVANCING THE TEACHER RESIDENCY MOVEMENT TO PREPARE, SUPPORT, AND RETAIN MORE EFFECTIVE EDUCATORS WHO REPRESENT AND VALUE THE COMMUNITIES THEY SERVE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$11,138,825ExpenseAmt
Grant$7,568,000GrantAmt
Revenue$1,266,422RevenueAmt
DescNCTR DIRECTLY IMPACTS THE TEACHER WORKFORCE BY PARTNERING WITH SCHOOL DISTRICTS, CHARTER MANAGEMENT ORGANIZATIONS (CMOS), NONPROFIT ORGANIZATIONS, STATE EDUCATION AGENCIES (SEAS), AND INSTITUTIONS OF HIGHER EDUCATION (IHES) TO PROVIDE EVIDENCE-BASED SUPPORT TO TEACHER RESIDENCY PROGRAMS, WHILE GUIDED BY ITS RESEARCH-BASED TEACHER RESIDENCY MODEL.Desc
Total Program Service Expenses$11,138,825TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document18IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee25EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn0AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KATHLENE CAMPBELLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3123978878PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11332 NORTH HALSTED SUITE 304AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60642ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
DANIEL VELASCO
CHAIR2.000.00Yes (X)Yes (X)$0$0$0
EDWARD HERRERA
TREASURER (FROM AUG 2023)2.000.00Yes (X)Yes (X)$0$0$0
COREY SCHOLES
SECRETARY2.000.00Yes (X)Yes (X)$0$0$0
LAURA WEELDREYER
DIRECTOR1.000.00Yes (X)$0$0$0
TRACY BACH
DIRECTOR (FROM AUG 2023)1.000.00Yes (X)$0$0$0
TRAVIS BRISTOL
DIRECTOR1.000.00Yes (X)$0$0$0
SHAWNEE CARUTHERS
DIRECTOR (FROM AUG 2023)1.000.00Yes (X)$0$0$0
EDMUND CLARK
DIRECTOR (FROM AUG 2023)1.000.00Yes (X)$0$0$0
ANNAMARIE FRANCOIS
DIRECTOR1.000.00Yes (X)$0$0$0
PHIL NGUYEN
DIRECTOR1.000.00Yes (X)$0$0$0
JAVAID SIDDIQI
DIRECTOR1.000.00Yes (X)$0$0$0
KATHLENE CAMPBELL
CEO40.000.00Yes (X)$266,667$0$22,644
ERICA HINES
CHIEF PROGRAM OFFICER40.000.00Yes (X)$174,250$0$4,920
WAYNE SHEN
COO40.000.00Yes (X)$189,625$0$23,416
JILL HARVIEUX PITNER
CHIEF GROWTH OFFICER40.000.00Yes (X)$188,083$0$7,801
BILL KENNEDY
MANAGING DIR OF PARTNERSHIPS AND DEV40.000.00$153,988$0$25,191Yes (X)
TABITHA GROSSMAN
CHIEF EXTERNAL RELATIONS THRU 4/202440.000.00$203,333$0$10,167Yes (X)
SHANNON BLACK
MANAGING DIRECTOR OF PROGRAMS40.000.00$141,368$0$9,581Yes (X)
KELLY RILING
MANAGING DIRECTOR OF PROGRAMS40.000.00$138,833$0$11,245Yes (X)
CORTNEY KING
DIRECTOR OF STATE & FEDERAL POLICY THRU 1/202440.000.00$131,432$0$21,202Yes (X)
CARRIANNE SCHEIB
DIRECTOR OF RESEARCH & EVALUATION THRU 11/202340.000.00$126,131$0$8,140Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,713,710TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$144,307TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K17IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$2,406,339GovernmentGrantsAmt
All Other Contributions$11,652,472AllOtherContributionsAmt
Total Contributions$14,058,811TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescPROGRAM REVENUEDesc
Business900099BusinessCd
Total Revenue Column$1,266,422TotalRevenueColumnAmt
Related Or Exempt Func Income$1,266,422RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$1,266,422TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$156,681TotalRevenueColumnAmt
Exclusion$156,681ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$15,481,914TotalRevenueColumnAmt
Related Or Exempt Func Income$1,266,422RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$156,681ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$7,568,000TotalAmt
Program Services$7,568,000ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$994,983TotalAmt
Program Services$523,159ProgramServicesAmt
Management And General$252,264ManagementAndGeneralAmt
Fundraising$219,560FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,077,108TotalAmt
Program Services$1,654,898ProgramServicesAmt
Management And General$211,756ManagementAndGeneralAmt
Fundraising$210,454FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$130,773TotalAmt
Program Services$92,716ProgramServicesAmt
Management And General$19,752ManagementAndGeneralAmt
Fundraising$18,305FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$213,282TotalAmt
Program Services$151,213ProgramServicesAmt
Management And General$32,215ManagementAndGeneralAmt
Fundraising$29,854FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$216,900TotalAmt
Program Services$153,778ProgramServicesAmt
Management And General$32,761ManagementAndGeneralAmt
Fundraising$30,361FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$8,809TotalAmt
Program Services$7,337ProgramServicesAmt
Management And General$1,460ManagementAndGeneralAmt
Fundraising$12FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$106,925TotalAmt
Management And General$106,925ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$621,268TotalAmt
Program Services$517,439ProgramServicesAmt
Management And General$102,964ManagementAndGeneralAmt
Fundraising$865FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$4,489TotalAmt
Program Services$2,306ProgramServicesAmt
Management And General$1,448ManagementAndGeneralAmt
Fundraising$735FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$38,121TotalAmt
Program Services$26,575ProgramServicesAmt
Management And General$6,521ManagementAndGeneralAmt
Fundraising$5,025FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$23,328TotalAmt
Program Services$19,430ProgramServicesAmt
Management And General$3,866ManagementAndGeneralAmt
Fundraising$32FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$32,138TotalAmt
Program Services$22,784ProgramServicesAmt
Management And General$4,854ManagementAndGeneralAmt
Fundraising$4,500FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$476,510TotalAmt
Program Services$398,095ProgramServicesAmt
Management And General$69,458ManagementAndGeneralAmt
Fundraising$8,957FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$20,269TotalAmt
Management And General$20,269ManagementAndGeneralAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,131TotalAmt
Program Services$1,095ProgramServicesAmt
Management And General$687ManagementAndGeneralAmt
Fundraising$349FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$12,535,034TotalAmt
Program Services$11,138,825ProgramServicesAmt
Management And General$867,200ManagementAndGeneralAmt
Fundraising$529,009FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$6,181,122BOYAmt
EOY$458,156EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$9,160,532EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,178,483BOYAmt
EOY$2,263,843EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$365,893BOYAmt
EOY$853,087EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$24,373BOYAmt
EOY$13,358EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$16,476BOYAmt
EOY$14,698EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$7,766,347BOYAmt
EOY$12,763,674EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$215,532BOYAmt
EOY$155,143EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$4,000,000BOYAmt
EOY$5,988,000EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$52,420BOYAmt
EOY$107,300EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$13,619BOYAmt
EOY$12,260EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,281,571BOYAmt
EOY$6,262,703EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,405,451BOYAmt
EOY$3,019,802EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,079,325BOYAmt
EOY$3,481,169EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,484,776BOYAmt
EOY$6,500,971EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,766,347BOYAmt
EOY$12,763,674EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$2,946,880ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$69,315OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,770,741CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$9,785,695CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,501,328CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,958,527CurrentTaxYearMinus1YearAmt
Current Tax Year$14,058,811CurrentTaxYearAmt
Total$42,075,102TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,770,741CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$9,785,695CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,501,328CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,958,527CurrentTaxYearMinus1YearAmt
Current Tax Year$14,058,811CurrentTaxYearAmt
Total$42,075,102TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$5,251,711SubstantialContributorsTotAmt
Public Support Total170$36,823,391PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$156,681CurrentTaxYearAmt
Total$156,681TotalAmt
FieldValueIRS element (for citing)
Total Support$42,231,783TotalSupportAmt
Gross Receipts Rltd Activities$4,099,875GrossReceiptsRltdActivitiesAmt
Public Support CY1700.87190PublicSupportCY170Pct
Public Support PY1700.90430PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescOBLIGATION UNDER OPERATING LEASEDesc
Amt$12,260Amt
FieldValueIRS element (for citing)
Total Liability$12,260TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$15,481,914TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$15,481,914RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$15,481,914TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$12,465,719TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included-$69,315OtherExpensesIncludedAmt
Expenses Not Reported-$69,315ExpensesNotReportedAmt
Expenses Subtotal$12,535,034ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$12,535,034TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE ORGANIZATION HAS BEEN DETERMINED TO BE EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR EITHER FEDERAL OR STATE INCOME TAXES. THE ORGANIZATION HAS EVALUATED THE TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. CURRENTLY, THE RETURNS FOR THE PRIOR THREE FISCAL YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE; HOWEVER, THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ORGANIZATION BEEN CONTACTED BY THIS JURISDICTION. BASED ON THE EVALUATION OF THE ORGANIZATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS WOULD BE UPHELD UNDER AN EXAMINATION; THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEARS ENDED JUNE 30, 2024 AND 2023.
PART XII, LINE 2D - OTHER ADJUSTMENTS:PRIOR YEAR GRANT PAYABLE NOT PAID -69,315.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (40 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxtAddress Line2USAddress/AddressLine2Txt
ALLIANCE FOR EDUCATION STR (V)
509 OLIVE WAY SUITE 500SEATTLEWA98101911508191501(C)(3)$250,000$0TEACHER RESIDENCY
ALTERNATIVE PATHWAYS FOR EDUCATOR CERTIFICATION COLUMBIA COLLEGE (V)
1301 COLUMBIA COLLEGE DRIVECOLUMBIASC29203570324915501(C)(3)$254,000$0TEACHER RESIDENCY
ARIZONA TEACHER RESIDENCY
99 E VIRGINIA AVE SUITE 100PHOENIXAZ85004742579628501(C)(3)$150,000$0TEACHER RESIDENCY
BENNETT COLLEGE
900 EAST WASHINGTON STREETGREENSBORONC27401560532296501(C)(3)$115,000$0TEACHER RESIDENCY
BOSTON PLAN FOR EXCELLENCE (BTR)
67 KEMBLE ST SUITE 25ROXBURYMA02119813213571501(C)(3)$175,000$0TEACHER RESIDENCY
CAPITOL REGION EDUCATION COUNCIL (CREC) (CTTRP)
111 CHARTER OAK AVENUEHARTFORDCT06106204091009501(C)(3)$566,000$0TEACHER RESIDENCY
CHICAGO PUBLIC SCHOOLS
DIVISION OF REVENUE - ACCOUNTSCHICAGOIL60602366005821501(C)(3)$480,000$0TEACHER RESIDENCYRECEIVABLE
CSU BAKERSFIELD BLACK EDUCATOR TEACHER RESIDENCY
9001 STOCKDALE HIGHWAYBAKERFIELDCA93311320291662501(C)(3)$190,000$0TEACHER RESIDENCY
DELAWARE STATE UNIVERSITY (V)
1200 N DUPONT HIGHWAYDOVERDE19901510305893501(C)(3)$225,000$0TEACHER RESIDENCY
DREXEL UNIVERSITY (PHILADELPHIA TEACHER RESIDENCY)
PO BOX 95000-1090PHILADELPHIAPA19195231352630501(C)(3)$150,000$0TEACHER RESIDENCY
EAST CAROLINA UNIVERSITY
1000 E 5TH STREETGREENVILLENC27858566000403501(C)(3)$50,000$0TEACHER RESIDENCY
EAST HARLEM TUTORIAL PROGRAM
2035 SECOND AVENUENEW YORKNY10029237439789501(C)(3)$150,000$0TEACHER RESIDENCY
ELIZABETH CITY - PASQUOTANK BOARD OF EDUCATION
1200 HALSTEAD BLVD PO BOX 2247ELIZABETH CITYNC27909560891512501(C)(3)$75,000$0TEACHER RESIDENCY
GREAT OAKS FOUNDATION (V)
38 DELANCEY STREET 2ND FLOORNEW YORKNY10002275281234501(C)(3)$175,000$0TEACHER RESIDENCY
GSU RESEARCH FOUNDATION (CREATE TEACHER RESIDENCY)
58 EDGEWOOD NE 3RD FLOORATLANTAGA303023999581845423501(C)(3)$300,000$0TEACHER RESIDENCY
INDY TEACH (V)
55 N TIBBS AVENUEINDIANAPOLISIN46222352051932501(C)(3)$50,000$0TEACHER RESIDENCY
JACKSON PUBLIC SCHOOL DISTRICT (V)
662 SOUTH PRESIDENT STREETJACKSONMS39201386001907501(C)(3)$210,000$0TEACHER RESIDENCY
LIVINGSTONE COLLEGE
1175 HAMPTON PARK DRIVEHIGH POINTNC27265560603922501(C)(3)$115,000$0TEACHER RESIDENCY
MEMPHIS TEACHER RESIDENCY (V)
1350 CONCOURSE AVENUE 366MEMPHISTN38014264440905501(C)(3)$250,000$0TEACHER RESIDENCY
MISSISSIPPI STATE UNIVERSITY - MERIDIAN
2212 5TH STREETMERIDIANMS39301646000819501(C)(3)$150,000$0TEACHER RESIDENCY
NASHVILLE TEACHER RESIDENCY (V)
PO BOX 40017NASHVILLETN37027471461324501(C)(3)$510,000$0TEACHER RESIDENCY
NORMAN C FRANCIS TEACHER RESIDENCY XAVIER UNIVERSITY OF LOUISIANA
1 DREXEL DRIVENEW ORLEANSLA70125720635884501(C)(3)$100,000$0TEACHER RESIDENCY
NORTH CAROLINA AGRICULTURAL AND TECHNICAL STATE UNIVERSITY
1601 EAST MARKET STREETGREENSBORONC27411566000007501(C)(3)$115,000$0TEACHER RESIDENCY
NORTH CAROLINA CENTRAL UNIVERSITY
1801 FAYETTEVILLE STREETDURHAMNC27707566000730501(C)(3)$115,000$0TEACHER RESIDENCY
OAKLAND UNIFIED SCHOOL DISTRICT
1011 UNION STREETOAKLANDCA94607946000385501(C)(3)$190,000$0TEACHER RESIDENCY
OLD DOMINION UNIVERSITY RESEARCH FOUNDATION
PO BOX 6369NORFOLKVA235080369546068198501(C)(3)$150,000$0TEACHER RESIDENCY
PUBLIC EDUCATION & BUSINESS COALITION (PEBC)
3607 MARTIN LUTHER KING BLVDDENVERCO80203742357262501(C)(3)$102,000$0TEACHER RESIDENCY
PUBLIC EDUCATION FOUNDATION PROJECT INSPIRE TEACHER RESIDENCY
1651 S HOLTZCLAW AVE SUITE 201CHATTANOOGATN37404621356764501(C)(3)$240,000$0TEACHER RESIDENCY
SAINT AUGUSTINE'S UNIVERSITY
1315 OAKWOOD AVENUERALEIGHNC27610560547478501(C)(3)$115,000$0TEACHER RESIDENCY
SHAW UNIVERSITY
118 EAST SOUTH STREETRALEIGHNC27601560530235501(C)(3)$115,000$0TEACHER RESIDENCY
SOUTHWEST MINNESOTA STATE UNIVERSITY
1501 STATE STREETMARSHALLMN56258411687554501(C)(3)$40,000$0TEACHER RESIDENCY
ST LOUIS TEACHER RESIDENCY (V)
2315 LOCUST STREET SUITE 8ST LOUISMO63103301000654501(C)(3)$275,000$0TEACHER RESIDENCY
SUMMIT PUBLIC SCHOOLS (MARSHALL STREET INITIATIVES) (V)
780 BROADWAYREDWOOD CITYCA94063262034843501(C)(3)$200,000$0TEACHER RESIDENCY
THE EDUCATE ME FOUNDATION INC
2559 EAST 55TH PLACEINDIANAPOLISIN46220474303266501(C)(3)$172,000$0TEACHER RESIDENCY
THE EDUCATOR ACADEMY (V)
1712 MAIN STREET SUITE 200KANSAS CITYMO64108475135488501(C)(3)$240,000$0TEACHER RESIDENCY
UNIVERSITY OF ST THOMAS
PO BOX 64947ST PAULMN551640947410693970501(C)(3)$194,000$0TEACHER RESIDENCY
VCU GRANTSCONTRACTS (RICHMOND TEACHER RESIDENCY)
VIRGINIA COMMONWEALTH UNIVERSITYRICHMONDVA232843039546001758501(C)(3)$200,000$0TEACHER RESIDENCY
VIRGINIA COMMONWEALTH UNIVERSITY
800 EAST LEIGH STREET SUITE 3100RICHMONDVA23284546001758501(C)(3)$165,000$0TEACHER RESIDENCY
WILLIAM CAREY UNIVERSITY (V)
710 WILLIAM CAREY PARKWAYHATTIESBURGMS39401640329300501(C)(3)$200,000$0TEACHER RESIDENCY
WINSTON-SALEM STATE UNIVERSITY
1604-B LOWERY STREET RM 215WINSTONSALEMNC27110566001466501(C)(3)$50,000$0TEACHER RESIDENCY
FieldValueIRS element (for citing)
Total501c3 Org40Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationORGANIZATION REQUIRES WRITTEN REPORTS ON THE USE OF FUNDS AND PROGRAM ACCOMPLISHMENTS FROM ALL GRANT RECIPIENTS.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
KATHLENE CAMPBELL
CEO$254,167$0$12,500$0$0$0$12,896$0$9,748$0$289,311$0$0$0
TABITHA GROSSMAN
CHIEF EXTERNAL RELATIONS THRU 4/2024$203,333$0$0$0$0$0$10,167$0$0$0$213,500$0$0$0
WAYNE SHEN
COO$189,625$0$0$0$0$0$9,481$0$13,935$0$213,041$0$0$0
JILL HARVIEUX PITNER
CHIEF GROWTH OFFICER$188,083$0$0$0$0$0$7,801$0$0$0$195,884$0$0$0
BILL KENNEDY
MANAGING DIR OF PARTNERSHIPS AND DEV$153,988$0$0$0$0$0$7,699$0$17,492$0$179,179$0$0$0
ERICA HINES
CHIEF PROGRAM OFFICER$174,250$0$0$0$0$0$4,920$0$0$0$179,170$0$0$0
CORTNEY KING
DIRECTOR OF STATE & FEDERAL POLICY T$131,432$0$0$0$0$0$6,572$0$14,630$0$152,634$0$0$0
SHANNON BLACK
MANAGING DIRECTOR OF PROGRAMS$141,368$0$0$0$0$0$4,241$0$5,340$0$150,949$0$0$0
KELLY RILING
MANAGING DIRECTOR OF PROGRAMS$138,833$0$0$0$0$0$6,942$0$4,303$0$150,078$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BA DRAFT OF THE 990 IS REVIEWED BY THE BOARD TREASURER AND THE COO AND THEN SENT TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL.
FORM 990, PART VI, SECTION B, LINE 12CANY POTENTIAL OR SUSPECTED CONFLICT OF INTEREST IS TO BE DISCLOSED TO THE CEO, WHO WILL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS.
FORM 990, PART VI, SECTION B, LINE 15NCTR USES RESEARCH FROM INDEPENDENT ORGANIZATIONS TO PERFORM A GENERAL ANALYSIS OF SIMILAR ROLES IN SIMILARLY-SIZED ORGANIZATIONS, AND SALARY DECISIONS ARE MADE BY THE CHAIR OF THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS ARE PROVIDED UPON WRITTEN REQUEST.
FORM 990, PART XI, LINE 9:PRIOR YEAR GRANT PAYABLE NOT PAID 69,315.