2020-04-10T08:30:04-05:00 2019-05-31 350921680 CROWE LLP 488 Madison Avenue Floor 3 New York NY 100225702 990 2018-06-01 133541913 Teach for America Inc TEAC 2122792080 25 Broadway 12th Floor New York NY 10004 Joshua Griggs EVP, TALENT, OPERATIONS & CFO 2020-04-10 true Kristin Anderson P01231300 2125725500 2018 2021-01-29 14:40:06Z Elisa Villanueva Beard 25 Broadway 12th Floor New York NY 10004 370165156 false X www.teachforamerica.org X 1989 CT Children growing up in historically marginalized and disenfranchised communities lack access to a broad spectrum of resources and opportunities, and attend schools that are not equipped to meet their unmet needs. To address this, TFA's mission is to find, develop, and support a diverse network of leaders committed to expanding opportunity for children from classrooms, schools, and every sector and field that shapes the broader systems in which schools operate. TFA does this by finding promising leaders; developing and cultivating the leadership skills and mindsets necessary for systems change through classroom teaching; and supporting the individual and collective leadership, relationships, and learning of those in the TFA network throughout their lifetime. 15 12 4787 55700 81160 -9850 235973769 294544810 23601646 23612050 5699846 6237774 -1276345 -308643 263998916 324085991 15361484 13552971 0 0 191054269 193876782 0 0 29322763 78043744 80530300 284459497 287960053 -20460581 36125938 436749428 460149310 70025298 60028609 366724130 400120701 X Children growing up in historically marginalized and disenfranchised communities lack access to a broad spectrum of resources and opportunities, and attend schools that are not equipped to meet their unmet needs. To address this, TFA's mission is to find, develop, and support a diverse network of leaders committed to expanding opportunity for children from classrooms, schools, and every sector and field that shapes the broader systems in which schools operate. TFA does this by finding promising leaders; developing and cultivating the leadership skills and mindsets necessary for systems change through classroom teaching; and supporting the individual and collective leadership, relationships, and learning of those in the TFA network throughout their lifetime. false false 93275139 3102161 0 Corps Member Professional Development and Other - In each region, TFA has regional offices, which are responsible for placing corps members in schools, monitoring progress throughout their two-year commitment, providing opportunities for ongoing leadership and/or educator professional development, and helping corps members to feel part of a national corps. 57461519 3796603 24057850 Corps Member Recruitment, Selection and Placement - TFA recruits and selects a teaching corps of outstanding college graduates to teach the nation's most underserved students. The recruitment and selection process includes scheduling and attending on and off campus recruiting events, processing applications, and conducting day-long interview sessions in multiple sites across the country. TFA places corps members in various urban and rural regions throughout the United States and provides assistance to the corps members through a need based financial aid program to support them with their moves to these regions. TEACH FOR AMERICA CORPS MEMBERS TAUGHT ACROSS 51 REGIONS IN 2019. 36359692 156774 0 Pre-Service Institute - TFA conducts intensive summer training institutes led by its staff and in conjunction with local public school districts as part of teacher preparation for incoming corps members. In Summer 2018, approximately 3,700 corps members were trained at one of our four institute sites run by the national organization: Atlanta (GA), Houston (TX), Philadelphia (PA), and Tulsa (OK) or at one of our 14 training sites run by regions: Bay Area, Chicago - Northwest Indiana, Dallas - Fort Worth, Delta (rural region collective), Eastern North Carolina, Las Vegas Valley, Los Angeles (regional collective), Massachusetts, Memphis, Miami (regional collective), Milwaukee, Nashville, New York, and Phoenix. 29608486 6497433 0 Alumni Affairs - TFA has an alumni base of former corps members all over the world. These individuals present a powerful opportunity to continue to expand educational opportunity. TFA engages in activities that support and encourage alumni to continue to work in education and across sectors to address issues negatively impacting low income communities- most notably focused on information/knowledge dissemination and networking. TFA also supports alumni via activities intended to develop alumni in leadership practice and/or specific programmatic areas: classroom practice, school leadership, school systems leadership, policy/organizing work, and social entrepreneurship. Nearly two thirds of our 52,700 alumni in 2019 were employed as teachers, as school principals, as superintendents or in other roles directly impacting education while the other third worked across multiple sectors. Approximately 78% of Teach for America's 52,700 alumni in 2019 were doing mission aligned work either in education or in other professions serving low income communities. 29608486 6497433 216704836 true true false true false false false true true true false false false true true true false false false false false false false true false false true true true false false false false false false false false true false false false false false false false false true 3055 0 true 4787 true true true false false false false true true true false false false false false X 15 12 false false false false false false false true true false false true true true true true true true true false CA FL GA AL HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA AR WV WI X X Joshua Griggs 2122792080 25 Broadway 12th Floor New York NY 10004 STEPHEN F MANDEL JR CHAIR 1.0 X X 0 0 0 ELISA VILLANUEVA BEARD Director/Officer-CEO 61.0 X X 465477 0 38699 GREG PENNER DIRECTOR/ TREASURER 1.0 X X 0 0 0 WENDY KOPP FOUNDER/DIRECTOR 4.0 X 52980 0 0 THOMAS H CASTRO DIRECTOR 1.0 X 0 0 0 RANDALL H HARBERT DIRECTOR (THROUGH 3/15/19) 1.0 X 0 0 0 KAYA HENDERSON DIRECTOR 1.0 X 0 0 0 KEVIN HUFFMAN DIRECTOR Beginning 1/19/19/ EVP, Chief External Officer until October 2019 30.0 X 177162 0 26709 DAVID KENNY DIRECTOR 1.0 X 0 0 0 JOEL KLEIN DIRECTOR (THROUGH 5/8/19) 1.0 X 0 0 0 KEN MEHLMAN DIRECTOR 1.0 X 0 0 0 RICHARD D PARSONS DIRECTOR (THROUGH 5/8/19) 1.0 X 0 0 0 NANCY PERETSMAN DIRECTOR 1.0 X 0 0 0 LINNEA CONRAD ROBERTS DIRECTOR 1.0 X 0 0 0 JOSE VILLARREAL DIRECTOR 1.0 X 0 0 0 MEG WHITMAN DIRECTOR 1.0 X 0 0 0 SUSAN MCCAW DIRECTOR (Started 9/5/18) 1.0 X 0 0 0 DAN PORTERFIELD DIRECTOR (Started 1/19/19) 1.0 X 0 0 0 JOSHUA GRIGGS EVP, TALENT, OPERATIONS & CFO 58.0 X 330724 0 34780 TRACY-ELIZABETH CLAY SVP, General Counsel & Chief Risk/Compliance Officer, Secretary 51.0 X 238528 0 34553 SUSAN ASIYANBI EVP, Chief Operating & Program Officer 66.0 X 404391 0 12312 JOSHUA P ANDERSON SVP, Recruit. & Adm. until Feb 2019/EVP, Chief External Officer beginning Feb 2019 63.0 X 270779 0 22096 PAUL KEYS EXECUTIVE DIRECTOR 57.0 X 296014 0 21343 MICHELLE CULVER SVP, REGIONAL FIELD EXECUTIVE 58.0 X 258377 0 38362 SANDEEP CHELLANI SVP, IT & CHIEF INFORMATION OFFICER 48.0 X 248984 0 16013 FATIMAH BURNAM SVP, EXECUTIVE LEADERSHIP & LEARNING 50.0 X 246034 0 41936 KIRA ORANGE-JONES SVP, Regional Field Executive 50.0 X 233321 0 8734 3222771 0 295537 367 false true false Blue State Digital Inc 101 Avenue of Americas12th Floor New York NY 10013 Computer Software Development AND Consulting 1662000 Salesforceorg Department 34293 PO Box 39000 San Francisco CA 94139 Software Licenses/Subscription SERVICES 928529 Workday Inc 6230 Stoneridge Mall Dr Pleasanton CA 94588 IT CONSULTING AND SOFTWARE SERVICES 886486 Modern Craft Inc 155 Water Street Unit 1 Vancouver BC CA V6B1A7 SUPPORT SERVICES 804432 Patterson Belknap Webb & Tyler LLP 1133 Avenue of the Americas New York NY 100366710 Professional Legal Services 732530 83 X 154160 16785328 52451841 225153481 11175653 294544810 SERVICE FEES REVENUE 611710 23435580 23435580 PUBLICATION REVENUE 900099 161315 161315 REG/CERTIFICATION FEES 611710 15155 15155 0 0 0 0 23612050 6604745 6604745 2787 2787 2740828 2740828 0 0 0 0 41452696 41644712 174955 -192016 -174955 -366971 -366971 680280 16785328 1518670 -838390 -838390 1040 1040 1040 Insurance Reimbursement for Legal Fees 900099 306069 306069 Purchasing Rebate 900099 128694 128694 IT Services 900099 81160 81160 9997 9997 0 0 525920 324085991 24057850 81160 5402171 5818693 5818693 7734278 7734278 0 0 2012338 1470767 290230 251341 155836221 113896736 22475554 19463931 5912556 4321337 852741 738478 18109710 13235927 2611882 2261901 12005957 8774849 1731565 1499543 304118 177534 89508 37076 147271 85972 43345 17954 928855 928855 2609 2609 9704128 6207193 2200640 1296295 6996609 6339180 224756 432673 7480960 4762108 2272509 446343 3021465 1666024 1185671 169770 14461829 11848667 1955141 658021 26932649 23691535 1914488 1326626 1719242 1512346 122211 84685 323744 129641 137157 56946 5404605 3018659 2153214 232732 560683 224522 237538 98623 SUBSCRIPTIONS & DUES 1020050 542378 319741 157931 BAD DEBT EXPENSE 739702 686777 52827 98 MISCELLANEOUS EXPENSES 552885 468053 33298 51534 filing and registration fees 52651 21084 22306 9261 176245 70576 74668 31001 287960053 216704836 41932454 29322763 33148929 21365351 35906496 55366186 36094892 45196546 409759 556741 0 0 0 10731 5205255 5918626 66940693 48696557 18916627 18244136 302067530 306663253 0 3633034 4308646 1366906 2519094 436749428 460149310 40100565 37310952 19170635 11729399 8000 8000 0 10746098 10980258 70025298 60028609 X 102551845 172430100 147010411 110528727 117161874 117161874 366724130 400120701 436749428 460149310 X 36125938 -2820220 105767 -14914 X false true X true true true X 263854521 271486327 245190571 235973769 294544810 1311049998 0 0 263854521 271486327 245190571 235973769 294544810 1311049998 144855746 1166194252 3849156 4003233 5802691 7453663 9348360 30457103 0 579872 580852 640067 590994 1125040 3516825 1345023926 164013241 0.8670 0.9255 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - PURCHASING CARD REBATE, COLUMN A - 81110.0, COLUMN B - 45262.0, COLUMN C - 14843.0, COLUMN D - , COLUMN E - 128694.0, COLUMN F - 269909.0; DESCRIPTION - OTHER INCOME, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - 47789.0, COLUMN E - 9997.0, COLUMN F - 57786.0; DESCRIPTION - OTHER EVENTS, COLUMN A - 53018.0, COLUMN B - 30890.0, COLUMN C - 24323.0, COLUMN D - 800.0, COLUMN E - , COLUMN F - 109031.0; DESCRIPTION - COMMISSIONS, COLUMN A - 19444.0, COLUMN B - 30000.0, COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - 49444.0; DESCRIPTION - EMPLOYEE SETTLEMENT, COLUMN A - , COLUMN B - 74000.0, COLUMN C - 772.0, COLUMN D - , COLUMN E - , COLUMN F - 74772.0; DESCRIPTION - RECOVERY OF LIABILITY, COLUMN A - , COLUMN B - 10285.0, COLUMN C - 2023.0, COLUMN D - , COLUMN E - , COLUMN F - 12308.0; DESCRIPTION - INSURANCE REIMBURSEMENT FOR LEGAL FEES, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - 306069.0, COLUMN F - 306069.0; DESCRIPTION - GROSS INCOME FROM FUNDRAISING, COLUMN A - 426300.0, COLUMN B - 390415.0, COLUMN C - 598106.0, COLUMN D - 542405.0, COLUMN E - 680280.0, COLUMN F - 2637506.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false true 82485 false false true 1415303 false false 1497788 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY On a state level, local advisory board members, paid staff or management had direct contact with state legislators, their staff and members of state executive branch agencies in support of state appropriations for Teach For America's in-state operations through regular state budget processes. In addition, regional staff also worked for the passage of various pieces of legislation which would impact Teach For America's ability to operate in a given community including the passage of alternative certification legislation and legislation permitting Teach For America to be recognized by the state as an alternative pathway to teach licensure. Teach For America has used consultants at the state level to provide lobbying services, such as bill and regulation tracking on matters, including but not limited to, teacher certification and state funding. At the federal level, Teach For America staff interfaced with Members of Congress, their personal and committee staff, and key members of the President's Administration and federal agencies, to advocate for legislation and regulations that would support Teach For America and the constituencies we serve. false true X 236669182 2116344 2609 238782917 207651975 29194652 177445 236669182 176617046 31035773 844 207651975 179896330 -3278440 844 176617046 162329225 17567105 179896330 0.2598 0.4907 0.2495 false false 536252 64678 471574 17604398 8191554 9412844 48718176 40378013 8340163 81867 62312 19555 18244136 Deferred Rent Payable 10681156 Other Liabilties 282724 Capital Lease Obligation 16378 10980258 X 325722222 -2820220 105767 -2609 -2717062 328439284 -4353293 -4353293 324085991 292325651 4368207 4368207 287957444 2609 2609 287960053 Schedule D, Part IV, Line 2b Explanation of escrow agreement TEACH FOR AMERICA HELD A SECURITY DEPOSIT FROM A SUBLEASE TENANT FROM IN ITS DC OFFICE IN THE AMOUNT OF $8,000. THIS AMOUNT IS RECORDED AS A LIABILITY ON TEACH FOR AMERICA'S BALANCE SHEET. Schedule D, Part V, Line 4 Intended uses of endowment funds Teach For America's endowment is intended to provide a continuous source of funding to support the institution's primary educational and social mission. The endowment's principal is intended to be left untouched, while its earnings are used to fund various organization programs (and grants). Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote TFA follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. TFA is exempt from federal income tax under IRC section 501(c)(3), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. TFA has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated business income; to determine its filing and tax obligations in jurisdictions for which it was nexus; and to identify and evaluate other matters that may be considered tax positions. TFA has determined that there are no material uncertain tax positions that require recognition or disclosure in the accompanying financial statements. In addition, TFA has not recorded a provision for income taxes as it has no material tax liability from unrelated business income activities. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 INVESTMENT MANAGEMENT FEES - -2609 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements RECLASS IT SERVICES TO PART VIII, LINE 11 - 81160 RECLASS FUNDRAISING EXPENSES TO PART VIII, LINE 8B - -1518670 RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B - -2740828 RECLASS LOSS ON DISPOSAL TO PART VIII, LINE 7 - -174955 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B - 2740828 RECLASS LOSS ON DISPOSAL - 174955 LOSSES ON UNCOLLECTIBLE PLEDGES - 14914 RECLASS IT SERVICES TO PART VIII, LINE 11 - -81160 RECLASS FUNDRAISING EXPENSES TO PART VIII, LINE 8B - 1518670 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements INVESTMENT MANAGEMENT FEES - 2609 New York Annual Benefit Dinner 8425154 8230757 194397 138000 179900 99755 Chicago 2019 Benefit Dinner 1864078 1797845 66233 22953 90558 12 7176376 6756726 419650 99319 542969 91601 253615 17465608 16785328 680280 260272 813427 91601 353370 1518670 -838390 true Leadership For Educational Equity Foundation 1805 7th Street NW Washington DC 20001 462093041 501(c)(3) 4693693 0 N/A N/A The purpose of this grant is to assist LEE member growth and engagement. To grow overall membership base by an additional 2,000 Teach For America alumni and corps members. At the time of the grant, there are over 41,000 LEE members. LEE planned to grow to 43,000 members across the US and aimed to attract more than 65% of Teach For America corps members and alumni by 2018. LEE also planned to grow number of LEE members to include an additional 90 senior leaders in senior policy, advocacy and organizing leaders, as well as an additional 1,500 LEE members who participate in regional workshops and fellowships. Phoenix Union High School District 4502 N Central Ave Phoenix AZ 85012 866000534 Government Entity 125000 0 N/A N/A The purpose of this grant is to create spaces that support the successful programs we have built the past four years. We built a campus on an idea. An idea that all students can achieve greatness no matter the zip-code in which they live and to be the first "A" rated high school in Maryvale. Now that we know what works, our space is not necessarily suited to do that. This money would allow us to build a STEM lab, buy additional athletic equipment, create an office that is more family friendly so there are spaces to call and meet with parents, and help fund our college visits and AMPED and GIC classes. University of Nevada Las Vegas 4505 South Maryland Parkway Las Vegas NV 89154 886000024 Government Entity 1000000 0 N/A N/A The purpose of this grant is to improve the quality of teacher preparation, be an enterprise with self-sufficiency to make hiring decisions, programmatic implementation, and curriculum changes, have a selective admissions model able to identify ways in which acceptance to this initiative is driving systematic support for ongoing innovation and examination of promising new approaches to education and educator preparation and strengthen the College's partnership with TFA. 3 0 Corp Member/Alumni Alumni Support 1070 814894 0 N/A N/A Corp Member/Alumni Award 234 1069999 0 N/A N/A Corp Member/Alumni Certification Expense 4585 450010 0 N/A N/A Corp Member/Alumni CM Other Support 5970 357172 0 N/A N/A Corp Member/Alumni Fellowship 37 449607 0 N/A N/A Corp Member/Alumni Financial Aid 2441 4491044 0 N/A N/A Corp Member/Alumni Student Assessment Testing 1431 53493 0 N/A N/A Corp Member/Alumni Professional Development (non-staff) 158 40108 0 N/A N/A Other Corp Member/Alumni Support 380 7951 0 N/A N/A Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Teach For America provides grants and/or financial aid to corps members who are attending the current year's institute. The organization maintains a listing of the individuals that benefit from the grant, with all required information (E.G. Full Name, Social Security Number and Address). Grants are issued based on the financial need of the recipient and may be used for financial aid while within Institute, certification fees, and textbooks. In addition, Teach for America provides an annual grant to Leadership for Educational Equity Foundation (LEEF) to support its mission of supporting charitable and educational activities to develop policy, advocacy, and organizing leaders and fuel the movement for educational equity. Teach for America requires specific reporting requirements under this LEEF grant to ensure close monitoring of the use of the funds. Teach for America, also closely monitors other domestic organization grants to ensure reporting and compliance within the grant terms and purposes. X X X X false false false false false false false false false ELISA VILLANUEVA BEARD Director/Officer-CEO 460977 0 0 0 4500 0 13500 0 25199 0 504176 0 0 0 KEVIN HUFFMAN DIRECTOR Beginning 1/19/19/ EVP, Chief External Officer until October 2019 177162 0 0 0 0 0 5943 0 20766 0 203871 0 0 0 JOSHUA GRIGGS EVP, TALENT, OPERATIONS & CFO 327816 0 0 0 2908 0 13500 0 21280 0 365504 0 0 0 TRACY-ELIZABETH CLAY SVP, General Counsel & Chief Risk/Compliance Officer, Secretary 238528 0 0 0 0 0 11945 0 22608 0 273081 0 0 0 SUSAN ASIYANBI EVP, Chief Operating & Program Officer 404391 0 0 0 0 0 0 0 12312 0 416703 0 0 0 JOSHUA P ANDERSON SVP, Recruit. & Adm. until Feb 2019/EVP, Chief External Officer beginning Feb 2019 270779 0 0 0 0 0 13350 0 8746 0 292875 0 0 0 PAUL KEYS EXECUTIVE DIRECTOR 294894 0 0 0 1120 0 13500 0 7843 0 317357 0 0 0 MICHELLE CULVER SVP, REGIONAL FIELD EXECUTIVE 258377 0 0 0 0 0 13095 0 25267 0 296739 0 0 0 SANDEEP CHELLANI SVP, IT & CHIEF INFORMATION OFFICER 248984 0 0 0 0 0 12222 0 3791 0 264997 0 0 0 FATIMAH BURNAM SVP, EXECUTIVE LEADERSHIP & LEARNING 246034 0 0 0 0 0 12442 0 29494 0 287970 0 0 0 KIRA ORANGE-JONES SVP, Regional Field Executive 233321 0 0 0 0 0 0 0 8734 0 242055 0 0 0 X 46677 Cost X 118 11058257 Selling cost X 16 37933 Cost X CRYPOTOCURRENCY 1 7910 Selling cost X Tickets/Membership 9 10505 Cost X Personal Care 4 1630 Cost X Photos 2 2100 Cost X Fitness 1 185 Cost X Event Supplies 2 10456 Cost 0 false true false Schedule M, Part I COLUMN B THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B) OF SCHEDULE M. Form 990, Part III, Line 4d Description of other program services (Expenses $ 29,608,486 including grants of $ 6,497,433)(Revenue $ 0) Alumni Affairs - TFA has an alumni base of former corps members all over the world. These individuals present a powerful opportunity to continue to expand educational opportunity. TFA engages in activities that support and encourage alumni to continue to work in education and across sectors to address issues negatively impacting low income communities- most notably focused on information/knowledge dissemination and networking. TFA also supports alumni via activities intended to develop alumni in leadership practice and/or specific programmatic areas: classroom practice, school leadership, school systems leadership, policy/organizing work, and social entrepreneurship. Nearly two thirds of our 52,700 alumni in 2019 were employed as teachers, as school principals, as superintendents or in other roles directly impacting education while the other third worked across multiple sectors. Approximately 78% of Teach for America's 52,700 alumni in 2019 were doing mission aligned work either in education or in other professions serving low income communities. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Board of Directors has designated an Executive Committee which mainly handles CEO performance and compensation reviews. The executive committee is comprised of the Board Chair and the chairs of the Finance, Audit, and Governance Committees. Form 990, Part VI, Line 11b Review of form 990 by governing body Teach For America's form 990 was prepared by an independent Tax Preparer. Management performed an in-depth review. A copy of the 990 was provided to the audit committee of the board of directors for review and approval. The full Board receives a copy of the 990 Form via email before the 990 form is officially filed with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy Teach For America, Inc. requires each officer, director, or key employee annually (1) to review the Conflict of Interest Policy; (2) to disclose any possible personal, family, or business relationship that reasonably could give rise to a conflict of interest or the appearance of a conflict of interest; and (3) to acknowledge by his or her signature that he or she is acting in accordance with the letter and spirit of such Policy. When a Covered Person becomes aware of a proposed Covered Transaction, he or she shall have a duty to take the following actions: (a) immediately disclose the existence and circumstances of such Covered Transaction to the Chair (in the case of officers and key employees other than the Chair) or to the Board of Directors of the Organization (the "Board") or applicable committee thereof (in the case of directors and the Chair); (b) refrain from using his or her personal influence to encourage the Organization to enter into the Covered Transaction; and (c) physically excuse himself or herself from participation in any discussions regarding the Covered Transaction with officers, directors, and employees of the Organization, except to respond to requests for information. Conflicts of interest are administered by the board of Directors, or any applicable committee thereof, with the assistance of the Board chair, and are responsible for reviewing the annual disclosures and receiving disclosures of proposed covered transactions, reviewing proposed covered transactions and determining if an actual conflict of interest exists. The board documents their review of each declaration in the minutes of the meeting at which the covered transaction is covered. Documentation also includes the basis for the final determination and resolution for each covered transaction. If the final determination was accomplished by action of a Board committee or the Board chair, a report to the Board of Directors is conducted regarding any covered transaction approved in accordance with the conflicts of interest policy. Form 990, Part VI, Line 15a Process to establish compensation of top management official Teach For America, Inc. uses independent compensation consultants to ensure that the salary set for the CEO is appropriate. CEO compensation is approved by the executive committee of the board. Documentation provided to the committee before voting on CEO compensation includes current salary, benchmarked market data, salary recommendations for the upcoming year, and alternative options for potential salary increases. The compensation setting process, as outlined above, was last performed during the period beginning in March 2019 and concluding in June 2019. Form 990, Part VI, Line 15b Process to establish compensation of other employees Independent compensation consultants are used to ensure that the salaries for the management team members and other key officers are appropriate and in line with those of comparable organizations. Compensation structures and individual staff member salaries are reviewed and adjusted annually at Teach For America. Regarding our compensation structures, each year, the Benefits & Compensation team recommends baseline adjustments to the Management Team based on market research. Once approved, any financial impact is included in the overall budget recommended to the finance committee and then approved by the board. These compensation structures are then used to set staff member salaries in the next year in line with the organization's guiding principles. Those guiding principles consist of (1) paying competitively relative to non-profit organizations but not at the top of the market, (2) maintaining internal pay equity, (3) accounting for changes in the marketplace for individual roles , and (4) ensuring the organization is paying fairly and competitively over the course of staff member careers through annual evaluation of a staff member's changing contribution to the organization. Staff salaries are calibrated annually by the management team and approved by the CEO to ensure fairness and equity across the organization and alignment with our compensation philosophy. The compensation setting process, as outlined above, pertains to the CEO and EVP level positions and was last performed during the period beginning in March 2019 and concluding in June 2019. Form 990, Part VI, Line 19 Required documents available to the public Teach For America makes its form 990 available to public by retaining a copy at its place of business. The form 990 is likewise published on the internet at www.guidestar.org and at www.teachforamerica.org. Teach For America also publishes its financial statements on its website. The organization's governing documents and legal attachments, Form 1023 and the conflict of interest policy are available to the public if requested. Form 990, Part VIII, Line 2a FEES FOR SERVICES REVENUE Teach For America has contractual agreements with various school districts across the United States of America to recruit, select, train, and place corps members to teach within their school districts. Teach For America recognizes revenue related to these contractual agreements as earned, that is, when the corps member is placed. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue OTHER INCOME - Total Revenue: 9997, Related or Exempt Function Revenue: 9997, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances LOSSES ON UNCOLLECTIBLE PLEDGES - -14914; Form 990, Part XII, Line 2c CHANGE OF OVERSIGHT PROCESS OR SELECTION PROCESS The organization's governing body has a committee charged with oversight of the audit of the organization's financial statements. The committee's process for oversight of the audit, performed by an independent accounting firm, has not changed for the reporting year.