2018-03-28T12:42:01-05:00 2017-05-31 271728945 PKF O'Connor Davies LLP 500 Mamaroneck Avenue Harrison NY 105281633 990 2016-06-01 133541913 Teach for America Inc TEAC 2122792080 25 Broadway 12th Floor New York NY 10004 Joshua Griggs EVP, Talent, Operations, & CFO 2122792080 2018-03-28 1 Garrett M Higgins P00543209 9143818900 2018-03-28 65.51.112.58 2018-03-28 12:41:42 ED P D62E315C93B997AD830AC9A866DC980BDC9D8706 A3EB9A663B166A7F172762214481AEBFA8C1AD13 2016 2021-01-29 14:40:06Z Elisa Villanueva Beard 25 Broadway 12th Floor New York NY 10004 357878478 0 X www.teachforamerica.org X 1989 CT Teach For America finds, develops, and supports a diverse network of leaders who expand opportunity for children from classrooms, schools, and every sector and field that shapes the broader systems in which schools operate. 19 17 6353 47000 172912 -4431 271486327 245190571 28530983 23841949 3366969 4789818 -225630 -941343 303158649 272880995 17803677 13920194 0 0 209848692 191821046 0 0 25966606 100509180 81391344 328161549 287132584 -25002900 -14251589 402838394 420050412 59676300 60410093 343162094 359640319 X Teach For America finds, develops, and supports a diverse network of leaders who expand opportunity for children from classrooms, schools, and every sector and field that shapes the broader systems in which schools operate. 0 0 116876119 1714859 PLACEMENT, PROFESSIONAL DEVELOPMENT, AND OTHER: TEACH FOR AMERICA places corps members in various urban and rural regions throughout the United States. In each region, TEACH FOR AMERICA has regional offices, which are responsible for placing corps members in schools, monitoring progress throughout their two-year commitment, providing opportunities for ongoing professional development, and helping corps members to feel part of a national corps. TEACH FOR AMERICA CORPS MEMBERS TAUGHT ACROSS 52 REGIONS IN 2017. 49207896 5073184 23413038 Teacher recruitment and selection: Teach For America actively recruits applicants from approximately 720 colleges and universities as well as members of the military and professionals, then selects from that pool a diverse teaching corps of top college graduates and professionals to teach in the nation's most underserved communities. The recruitment and selection process consists of identifying potential recruits, scheduling and attending on and off-campus recruiting events, conducting one on one recruitment interviews, maintaining ongoing correspondence, processing applications (approximately 49,000 applicants in 2017) and conducting a multi-step selection interview process, including final day-long interview sessions in multiple sites across the country. [See Continuation on Schedule O]Teach for America has a 15% acceptance rate in the 2016-2017 admissions cycle and approximately 3,500 new corps members began their teaching assignments in Fall 2017. 34343530 6879633 433199 Alumni Affairs: Essential to the long term work of addressing the issues of educational inequity, Teach for America supports and encourages its alumni to continue to work in education and across sectors to address issues negatively impacting low income communities. Teach for America supports the continued development of alumni in three programmatic areas: classroom practice, school leadership and social entrepreneurship. More than two thirds of our 47,000 alumni in 2017 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 83% of Teach for America's 47,000 alumni in 2017 were doing mission aligned work either in education or in other professions serving low income communities. 29540948 252518 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 2016, approximately 3,500 corps members were trained at one of our five institute sites run by the national organization: Atlanta (GA), Houston (TX), Philadelphia (PA), Phoenix (AZ), and Tulsa (OK) or at one of our 13 training sites run by regions: Bay Area, Chicago Northwest Indiana, Dallas Fort Worth, Delaware, Delta (rural region collective), Eastern North Carolina, Massachusetts, Memphis, Miami Dade, Milwaukee, Nashville, New York, and St. Louis. 29540948 252518 229968493 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3497 0 6353 1 1 1 0 0 0 0 1 1 0 0 0 0 X 19 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA CT FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X X X joshua griggs evp talentoperations & cfo 2122792080 25 Broadway 12th Floor New York NY 10004 stephen F mandel Jr chair 1.00 X X 0 0 0 beverly Daniel Tatum PHD Vice Chair 1.00 X X 0 0 0 paul Finnegan treasurer 1.00 X X 0 0 0 wendy Kopp Founder 5.00 X 70664 0 0 thomas H Castro director 1.00 X 0 0 0 maxine Clark director until 5/2/17 1.00 X 0 0 0 david Gergen director until 5/2/17 1.00 X 0 0 0 randall h harbert director 1.00 X 0 0 0 Kaya Henderson director 1.00 X 0 0 0 Kevin Huffman director 1.00 X 0 0 0 david Kenny director 1.00 X 0 0 0 joel klein director 1.00 X 0 0 0 sue lEhmann director until 5/2/17 1.00 X 0 0 0 michael Lomax PHD director 1.00 X 0 0 0 Ken Mehlman Director 1.00 X 0 0 0 richard d parsons director 1.00 X 0 0 0 greg Penner director 1.00 X 0 0 0 linnea Conrad Roberts director 1.00 X 0 0 0 vince Roig director until 5/2/17 1.00 X 0 0 0 paula a sneed director until 5/2/17 1.00 X 0 0 0 lawrence summers director 1.00 X 0 0 0 gregory W Wendt director 1.00 X 0 0 0 meg whitman director 1.00 X 0 0 0 elisa villanueva beard ceo 65.00 X X 421650 0 41180 joshua griggs evp, talent, operations & cfo 52.00 X 314099 0 33268 tracy-elizabeth clay svplegal Affairs/General Counsel/Secretary 42.00 X 214267 0 26653 susan asiyanbi EVP, Chief Operating Officer 71.00 X 347455 0 8148 Eric Scroggins EVP Chief Program & Strategy Officer 61.00 X 345023 0 23681 Paul keys Executive director 72.00 X 291597 0 21527 Kwame Griffith EVP Regional Engagement until 9/2/16 49.00 X 320370 0 29062 Michelle Culver SVP, Regional Field Executive 60.00 X 245112 0 34594 Sandeep Chellani SVP IT & Chief Information Officer 47.00 X 234650 0 11932 Joshua P Anderson svp, recruitment & Admissions 53.00 X 250573 0 18541 matthew Kramer former co-ceo 0.00 X 333777 0 8588 Massie RitschEVPPublic Affairs National Support 0.00 X 216219 0 14854 elissa kim EVP Recruitment & Admissions 0.00 X 157712 0 17071 3763168 0 289099 346 1 1 0 Workday Inc 6230 Stoneridge Mall Rd Pleasanton CA 94588 consulting, software, & license costs 987246 Helios Design Build LLC 2324 West Fulton Street Chicago IL 60612 Construction Services 674612 MDRC 16 East 34th St new york NY 10016 Evaluation Services 621263 Deloitte Consulting LLP 4022 Sells Drive Hermitage TN 37076 Project Manager & Consulting services 614491 Bellwether Education Partners 37 Royalston Road Wellesley MA 02481 Exeutive Recruitment Consulting 393119 23 X 93728 16083923 45222433 183790487 11115319 245190571 Service fees revenue 611710 23413038 23413038 publication revenue 900099 242030 242030 Reg/certification fees 611710 186881 186881 23841949 4772886 4772886 5988 5988 1023817 1023817 0 0 82195872 30900 82209840 0 -13968 30900 16932 16932 598106 16083923 1763826 -1165720 -1165720 4288 0 4288 4288 it services 900099 172912 172912 Other event income 900099 24323 24323 purchasing card rebate 900099 14843 14843 2023 2023 214101 272880995 23846237 172912 3671275 5805500 5805500 8114694 8114694 1891152 1498215 188959 203978 60219 47706 6017 6496 153763724 121815148 15363713 16584863 5027406 3982826 502327 542253 19155493 15175421 1913972 2066100 11923052 9445715 1191324 1286013 244578 133705 93957 16916 219539 120017 84338 15184 636448 636448 844 844 8014019 4729009 2686705 598305 1037930 675087 169860 192983 5465552 4159896 720264 585392 11924470 9178284 1702678 1043508 14605 7984 5611 1010 15013117 14209507 39672 763938 26032994 22785255 1969947 1277792 309409 256848 31881 20680 171619 100596 27621 43402 9926007 6329841 3179666 416500 607182 355904 97723 153555 bad debt expense 930008 398359 530781 868 miscellaneous expenses 463711 387012 25006 51693 Subscriptions & dues 234983 176067 25241 33675 indirect special event 144329 79897 2930 61502 287132584 229968493 31197485 25966606 X 28059529 23968136 37923547 53304718 58503264 36309413 612041 350305 7218743 7011810 80930267 58364466 29216452 22565801 231046359 269005282 6037952 4979863 4220507 2555084 402838394 420050412 39972591 35551559 9937786 15547066 14000 14000 9751923 9297468 59676300 60410093 X 119026174 126787463 106974046 115690982 117161874 117161874 343162094 359640319 402838394 420050412 X -14251589 32100138 -1370324 X X 0 1 X 1 1 1 X 192639730 294928420 263854521 271486327 245190571 1268099569 192639730 294928420 263854521 271486327 245190571 1268099569 85061976 1183037593 3428722 4172646 3849156 4003233 5802691 21256448 10450 10450 121898 161843 153572 190437 41961 669711 1290036178 117783959 0.91710 0.91360 X Schedule A, Part II, Line 10, Explanation of Other Income: purchasing card rebate - 2012 Amount: $ 44,983. 2013 Amount: $ 2,403. 2014 Amount: $ 81,110. 2015 Amount: $ 45,262. 2016 Amount: $ 14,843. miscellaneous - 2012 Amount: $ 16,220. 2013 Amount: $ 61,880. other events revenue - 2012 Amount: $ 52,633. 2013 Amount: $ 85,913. 2014 Amount: $ 53,018. 2015 Amount: $ 30,890. 2016 Amount: $ 24,323. commissions - 2012 Amount: $ 8,062. 2013 Amount: $ 11,647. 2014 Amount: $ 19,444. 2015 Amount: $ 30,000. employee settlement - 2015 Amount: $ 74,000. 2016 Amount: $ 772. Recovery of Liability - 2015 Amount: $ 10,285. 2016 Amount: $ 2,023. Part II, Short Year Explanation: In October 1, 2012, Teach for America revised its fiscal year from September 30 to May 31. As a result, the data reported in the 2012 Form 990 is for a short year, for the 8 month period beginning October 1, 2012 through May 31, 2013. The 2013 Form 990, as reported on Schedule A, contains 12 months of financial data. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 1 20943 0 0 1 833736 0 0 854679 0 Part II-B, Line 1: 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. 0 1 X 176617046 31035773 844 207651975 179896330 -3278440 844 176617046 162329225 17567105 179896330 199348112 3000000 19567057 59585944 162329225 160800743 27502093 11045276 199348112 0.01890 0.56420 0.41690 0 0 81916 7167 74749 17804118 6269348 11534770 63044233 52087951 10956282 22565801 deferred rent payable 8641066 other liabilities 565499 Capital lease obligation 90903 9297468 X 305870159 32100138 38965 1023817 33162920 272707239 844 172912 173756 272880995 289391934 38965 2394141 2433106 286958828 844 172912 173756 287132584 Part IV, Line 2b: Teach for America held a security deposit from a sublease tenant from in its DC Office in the amount of $14,000. This amount is recorded as a liability on Teach for America's balance sheet. Part V, Line 4: 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). Part X, Line 2: 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 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 financial statements. Forms 990 and related state returns filed by TFA are subject to examination by the respective taxing authorities up to three years from the extended due date of each return. TFA believes that its informational tax filings for years ended prior to 2014 are no longer subject to examination. Part XI, Line 2d - Other Adjustments: Rental Expenses Reported on Part VIII, Line 6B 1,023,817. Part XI, Line 4b - Other Adjustments: reclass it services to part viii, line 11 172,912. Part XII, Line 2d - Other Adjustments: reclass loss on disposal 82,769. Write-off of uncollectible revenues 1,287,555. Rental Expenses Reported on Part VIII, Line 6B 1,023,817. Part XII, Line 4b - Other Adjustments: reclass it services to part viii, line 11 172,912. NY annual benefit dinner 7485359 7338169 147190 498082 103180 Chicago benefit dinner 1955464 1922484 32980 10000 48750 16 7241206 6823270 417936 65512 498462 539840 16682029 16083923 598106 75512 1045294 643020 1763826 -1165720 1 leadership for educational equity foundation 1805 7th Street NW 8th floor Washington DC 20001 462093041 501(c)3 5805500 charitable and educational programs to strengthen individual and collective leadership of tfa alumni. 1 0 corps members transitional grants 1883 5580702 PLACEMENT FUNDING AWARDS 160 199284 corps members coursework grants 2008 468010 CORPS MEMBERS FELLOWSHIPS 60 565744 Corps Members Stipend 21 10900 CM Awards 204 1002110 Other CM Support 89 287944 Part I, Line 2: 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 any purpose. X X X X X 1 0 0 0 0 0 0 0 0 elisa villanueva beard ceo 421650 0 0 0 0 0 18000 0 23180 0 462830 0 0 0 joshua griggs evp, talent, operations & cfo 314099 0 0 0 0 0 14239 0 19029 0 347367 0 0 0 tracy-elizabeth clay svplegal Affairs/General Counsel/Secretary 214267 0 0 0 0 0 9474 0 17179 0 240920 0 0 0 susan asiyanbi EVP, Chief Operating Officer 347455 0 0 0 0 0 0 0 8148 0 355603 0 0 0 Eric Scroggins EVP Chief Program & Strategy Officer 345023 0 0 0 0 0 16965 0 6716 0 368704 0 0 0 Paul keys Executive director 291597 0 0 0 0 0 14595 0 6932 0 313124 0 0 0 Kwame Griffith EVP Regional Engagement until 9/2/16 182886 0 0 0 137484 0 13070 0 15992 0 349432 0 0 0 Michelle Culver SVP, Regional Field Executive 245112 0 0 0 0 0 11442 0 23152 0 279706 0 0 0 Sandeep Chellani SVP IT & Chief Information Officer 234650 0 0 0 0 0 11520 0 412 0 246582 0 0 0 Joshua P Anderson svp, recruitment & Admissions 250573 0 0 0 0 0 11898 0 6643 0 269114 0 0 0 matthew Kramer former co-ceo 1266 0 0 0 332511 0 8588 0 0 0 342365 0 0 0 Massie RitschEVPPublic Affairs National Support 111294 0 0 0 104925 0 4396 0 10458 0 231073 0 0 0 elissa kim EVP Recruitment & Admissions 135154 0 0 0 22558 0 13315 0 3756 0 174783 0 0 0 Part I, Line 4a Pursuant to the terms and conditions stipulated in the Matthew Kramer's separation agreement, the organization paid a severance payment to Matthew Kramer in the amount of $298,800 in 2016. This payment was treated as taxable compensation to the recipient. Pursuant to the terms and conditions stipulated in the Massie Ritsch's separation agreement, the organization paid a severance payment to Massie Ritsch in the amount of $87,923 in 2016. This payment was treated as taxable compensation to the recipient. Pursuant to the terms and conditions stipulated in the Kwame Griffith's separation agreement, the organization paid a severance payment to Kwame Griffith in the amount of $112,962 in 2016. This payment was treated as taxable compensation to the recipient. X 97 11048163 avg. selling price X 13 37040 COST X Office Supplies 19 15958 cost X Equipment 6 7800 cost X Tickets/Membership 10 3290 cost X Travel/Lodging voucher 4 3068 cost 0 0 1 0 Part I, Column (b): The organization is reporting the number of contributors in Part I, Column (B). Form 990, Part VI, Section B, line 11b 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, Section B, line 12c 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, Section B, line 15 Teach For America, Inc. uses independent compensation consultants to ensure that the salary set for the CEO is appropriate. Independent compensation consultants are also 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. CEO compensation is approved by the executive committee of the board. As 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. 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 CEOs, 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, was last performed during the period beginning in March 2017 and concluding in June 2017. Form 990, Part VI, Section C, line 19 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 Service 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 X, Lines 27-29: Explanation of Net Assets: Net assets of a nonprofit organization are equivalent to the net worth of the organization. However net assets are classified in three categories: unrestricted, temporarily restricted and permanently restricted. Unrestricted net assets are available for the general operations of an organization and have not been restricted by outside donors. Temporarily restricted net assets are restricted by donors for certain purposes and/or future time periods. Once these restrictions are met, the funds are released as unrestricted net assets. Permanently restricted net assets are to be maintained in perpetuity; their income may be used for general operations or specific activities based on donor intent. Unrestricted net assets have different degrees of liquidity available for daily operations are not a representation of available cash for operations. For FY17, our net assets fall into the following categories: - Approximately 9% is "receivables or promises from individuals, foundations, school districts, state governments and the federal government to make payments in the future. Most of these payments are to be used to fund future activities, and are not currently available funds; - Approximately 49% is the body of the endowment and thus cannot be spent on programming. In FY17, our endowment incurred net gains of approximately $26.5 million; - Approximately 5% is fixed assets, which includes items such as depreciating software, furniture, technology and other capital investments from prior years; - Approximately 6% is cash or cash equivalents. Teach for America aims to maintain a minimum operating reserve of around 25% of annual expenses throughout the year and 35% at fiscal year-end. This is equivalent to 3-4 months of expenses, compared to the range of 3-6 months recommended by both the National Council for non-profits and the non-profits assistance fund. Form 990, Part XI, line 9: loss on disposal -82,769. Write-off of uncollectible revenues -1,287,555. Form 990, Part XII, Line 2c: 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.