2015-04-14T14:33:37-05:00 2014-05-31 271728945 O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2013-06-01 133541913 TEACH FOR AMERICA INC TEAC 2122792080 315 WEST 36TH STREET 8TH FLR NEW YORK NY 10018 MIGUEL ROSSY CHIEF FINANCE & ADMIN OFFICER 2122792080 2015-04-14 1 GARRETT M HIGGINS P00543209 9143818900 2013 2016-02-25 16:41:14Z SEE SCHEDULE O 315 WEST 36TH STREET 8TH FLR NEW YORK NY 10018 524829910 0 X WWW.TEACHFORAMERICA.ORG X 1989 CT TEACH FOR AMERICA'S (TFA) MISSION IS TO BUILD THE MOVEMENT TO ELIMINATE EDUCATIONAL INEQUALITY BY ENLISTING OUR NATION'S MOST PROMISING LEADERS IN THAT EFFORT. 34 33 8298 9618 26753 10450 192639730 294928420 492292 32253073 1605913 2884603 1487405 1037393 196225340 331103489 9521852 23623395 0 0 115535371 217908745 0 0 33756381 64045853 115855439 189103076 357387579 7122264 -26284090 470465384 493569971 32002432 55739095 438462952 437830876 X TEACH FOR AMERICA'S MISSION IS TO BUILD THE MOVEMENT TO END EDUCATIONAL INEQUALITY BY ENLISTING OUR NATION'S MOST PROMISING FUTURE LEADERS IN THE EFFORT. 0 0 59903410 5220879 31589087 TEACHER RECRUITMENT AND SELECTION:TEACH FOR AMERICA ACTIVELY RECRUITS APPLICANTS FROM APPROXIMATELY 450 COLLEGES AND UNIVERSITIES AS WELL AS MEMBERS OF THE MILITARY AND PROFESSIONALS, THEN SELECTS FROM THAT POOL A 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 50,200 APPLICANTS IN 2014) AND CONSULTING A MULTI-STEP SELECTION INTERVIEW PROCESS INCLUDING FINAL DAY-LONG INTERVIEW SESSIONS IN MULTIPLE SITES ACROSS THE COUNTRY. TEACH FOR AMERICA HAS A 15.8% ACCEPTANCE RATE IN THE 2013-2014 ADMISSIONS CYCLE AND APPROXIMATELY 5,300 NEW CORPS MEMBERS BEGAN THEIR TEACHING ASSIGNMENTS IN FALL 2014. 50283556 1301584 PRE-SERVICE INSTITUTE:PRE-SERVICE INSTITUTE IS ONE OF TEACH FOR AMERICA'S LARGEST PROGRAMMATIC EXPENSES. TEACH FOR AMERICA CONDUCTS INTENSIVE SUMMER TRAINING INSTITUTES HELD ON UNIVERSITY CAMPUSES AND IN CONJUNCTION WITH LOCAL PUBLIC SCHOOL DISTRICTS AS PART OF TEACHER PREPARATION FOR INCOMING CORPS MEMBERS. IN SUMMER 2014, APPROXIMATELY 5,960 CORPS MEMBERS WERE TRAINED AT ONE OF OUR NINE INSTITUTE CAMPUSES: PHOENIX, AZ; HOUSTON, TX; PHILADELPHIA, PA; LOS ANGELES, CA; NEW YORK, NY; ATLANTA, GA; CHICAGO, IL; CLEVELAND, MS AND TULSA, OK. CORPS MEMBERS ASSIGNED TO THE MEMPHIS AND JACKSONVILLE REGIONS PARTICIPATED IN PILOT REGIONAL INSTITUTE PROGRAMS AND DID NOT ATTEND NATIONAL INSTITUTES. DURING PRE-SERVICE INSTITUTE, CORPS MEMBERS PARTICIPATE IN TRAINING SESSIONS, COLLABORATE WITH PEERS, AND TEACH STUDENTS WHO ENROLL IN PUBLIC SUMMER SCHOOL PROGRAMS HOSTED BY PARTNER SCHOOL DISTRICTS AND PARTICIPATING PUBLIC CHARTER SCHOOLS. 140109522 7791585 PLACEMENT, PROFESSIONAL DEVELOPMENT, AND OTHER: BASED ON THE ARTICULATED HIRING NEEDS OF THE COMMUNITIES WITH WHICH WE PARTNER, TEACH FOR AMERICA BRINGS TEACHING CANDIDATES TO URBAN AND RURAL REGIONS THROUGHOUT THE UNITED STATES. TEACH FOR AMERICA HAS REGIONAL OFFICES, WHICH ARE RESPONSIBLE FOR WORKING WITH SCHOOL AND DISTRICT PARTNERS TO UNDERSTAND THEIR NEEDS, FACILITATING INTERVIEW/EMPLOYMENT OPPORTUNITIES FOR CORPS MEMBERS AT SCHOOLS, MONITORING CLASSROOM PROGRESS THROUGHOUT THEIR TWO-YEAR COMMITMENT, PROVIDING ONE-ON-ONE COACHING AND OBSERVATION, PROVIDING OPPORTUNITIES FOR ONGOING PROFESSIONAL DEVELOPMENT, AND HELPING CORPS MEMBERS BECOME PART OF THEIR LOCAL COMMUNITIES. TEACH FOR AMERICA CORPS MEMBERS TAUGHT ACROSS 50 REGIONS IN 2014. 39908528 9309347 663986 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 THIRD OF OUR 32,000 ALUMNI IN 2014 WERE EMPLOYED AS TEACHERS, AS SCHOOL PRINCIPALS, AS SUPERINTENDENTS OR IN OTHER ROLES DIRECTLY IMPACTING EDUCATION WHILE THE OTHER THIRD WORKED ACROSS SECTORS. APPROXIMATELY 84% OF TEACH FOR AMERICA'S 32,000 ALUMNI IN 2014 WERE DOING MISSION ALIGNED WORK EITHER IN EDUCATION OR IN OTHER PROFESSIONS SERVING LOW INCOME COMMUNITIES. 39908528 9309347 663986 290205016 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 0 1 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 1 1 1 1 0 1 2915 0 8298 1 1 1 0 0 0 0 1 1 0 0 0 0 X 34 33 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X X MIGUEL ROSSY CHIEF FINANCE & ADMIN OFFICER 2122792080 315 WEST 36TH STREET 8TH FLR NEW YORK NY 10018 X WENDY KOPP CHAIR 8.00 X X 176657 0 9719 STEPHEN F MANDEL JR TREASURER 1.00 X X 0 0 0 WALTER ISSACSON DIRECTOR 1.00 X 0 0 0 PAULA A SNEED DIRECTOR 1.00 X 0 0 0 JIDE ZEITLIN DIRECTOR 1.00 X 0 0 0 THOMAS H CASTRO DIRECTOR 1.00 X 0 0 0 PAUL FINNEGAN DIRECTOR 1.00 X 0 0 0 LEW FRANKFORT DIRECTOR 1.00 X 0 0 0 DAVID GERGEN DIRECTOR 1.00 X 0 0 0 DAVID W KENNY DIRECTOR 1.00 X 0 0 0 JOHN LEGEND DIRECTOR 1.00 X 0 0 0 SUE LEHMANN DIRECTOR 1.00 X 0 0 0 MICHAEL LOMAX PHD DIRECTOR 1.00 X 0 0 0 JAMES M MCCORMICK DIRECTOR 1.00 X 0 0 0 DARLA MOORE DIRECTOR 1.00 X 0 0 0 RICHARD S PECHTER DIRECTOR 1.00 X 0 0 0 GREG PENNER DIRECTOR 1.00 X 0 0 0 NANCY PERETSMAN DIRECTOR 1.00 X 0 0 0 LAURENE POWELL DIRECTOR UNTIL SEPT. 2013 1.00 X 0 0 0 ARTHUR ROCK DIRECTOR 1.00 2.00 X 0 0 0 VINCE ROIG DIRECTOR 1.00 X 0 0 0 SIR HOWARD STRINGER DIRECTOR 1.00 X 0 0 0 KURT STROVINK DIRECTOR 1.00 X 0 0 0 LAWRENCE J STUPSKI DIRECTOR UNTIL JUNE 2013 1.00 X 0 0 0 BEVERLY DANIEL TATUM PHD DIRECTOR 1.00 X 0 0 0 GREGORY W WENDT DIRECTOR 1.00 X 0 0 0 PATRICIA J CRAWFORD DIRECTOR 1.00 X 0 0 0 MILLARD S DREXLER DIRECTOR 1.00 X 0 0 0 RANDALL H HARBERT DIRECTOR 1.00 X 0 0 0 JOEL KLEIN DIRECTOR 1.00 X 0 0 0 RICHARD D PARSONS DIRECTOR 1.00 X 0 0 0 LAWRENCE SUMMERS DIRECTOR 1.00 X 0 0 0 SARA MARTINEZ TUCKER DIRECTOR 1.00 X 0 0 0 JOSE H VILLARREAL DIRECTOR 1.00 1.00 X 0 0 0 MEG WHITMAN DIRECTOR 1.00 X 0 0 0 MAXINE CLARK DIRECTOR 1.00 X 0 0 0 MATTHEW KRAMER CO-CEO 40.00 2.00 X 381946 0 30339 ELISA VILLANUEVA BEARD CO-CEO 40.00 X 342134 0 27116 E MIGUEL ROSSY SVP, CFO 40.00 X 250038 0 12473 TRACY-ELIZABETH CLAY SVP, GENERAL COUNSEL/SECRETARY 40.00 1.00 X 190638 0 15836 JOSHUA GRIGGS EVP, CAO 40.00 X 297327 0 22052 SUSAN ASIYANBI EVP, TEACHER PREP/SUPPORT/DEV 40.00 X 244057 0 6522 ELISSA SODHYUN KIM EVP, RECRUITMENT & ADMISSIONS 40.00 X 245430 0 13263 ERIC SCROGGINS EXECUTIVE DIRECTOR 40.00 X 282759 0 5151 AIMEE ADELE EUBANKS DAVIS EVP, PUBLIC AFFAIRS & ENGAGEMENT 40.00 X 240509 0 30678 JEFFREY WETZLER EVP, STRATEGY, INNOVATION & ORG. DEV. 40.00 X 255683 0 32749 2907178 0 205898 190 0 1 0 MATHEMATICA POLICY RESEARCH C/O A/R PO BOX 2393 PRINCETON NJ 085432393 POLICY RSH CONSULTING 1935903 HURON CONSULTING SERVICES LLC PO BOX 71223 CHICAGO IL 606941223 FINANCE MANAGEMENT CONSULTING 1230328 ADP INC PO BOX 842875 BOSTON MA 022842875 PAYROLL/BENEFITS SERVICES 535337 CENTER FOR TRANSFORMATIVE TEACHER TRAINI 1559 B SLOAT BLVD 326 SF CA 94132 TRAINING/CONSULTING 324080 ROBERT HALF MANAGEMENT RESOURCES 12400 COLLECTION CENTER DRIVE CHICAGO IL 60693 STAFFING/RECRUITING AGENCY 302924 22 X 351785 12820962 73511737 208243936 70461120 294928420 SERVICE FEES REVENUE 611710 31589087 31589087 REG/CERTIFICATION FEES 611710 378121 378121 PUBLICATION REVENUE 900099 285865 285865 32253073 2728227 26753 2701474 1434116 1434116 20753 0 20753 20753 20753 192744049 192587673 156376 156376 156376 559429 12820962 1138748 -579319 -579319 OTHER INCOME 900099 147793 147793 COMMISSIONS 900099 11647 11647 PURCHASING CARD REBATE 900099 2403 2403 161843 331103489 32253073 26753 3895243 9309347 9309347 14314048 14314048 1596271 1306607 114786 174878 180599558 147820523 12986360 19792675 4886952 3999969 351371 535612 16721172 13686277 1202252 1832643 14104792 11544772 1014135 1545885 496097 1372 488666 6059 185751 115166 55725 14860 595870 595870 885516 885516 9679121 6074937 1243662 2360522 743779 565363 33036 145380 9737033 8178490 688912 869631 7980362 5639667 1554080 786615 111488 93616 15144 2728 16049939 12410626 2921361 717952 39001344 35528660 1306896 2165788 672848 486379 109530 76939 118673 80546 27898 10229 22582067 15094775 5446780 2040512 545126 451 544508 167 BAD DEBT EXPENSE 4705620 2686097 1672929 346594 MISCELLANEOUS EXPENSES 844478 719115 66952 58411 INDIRECT SPECIAL EVENT 409053 164398 21667 222988 SUBSCRIPTIONS & DUES 256449 223276 4246 28927 254825 160539 73900 20386 357387579 290205016 33426182 33756381 X 25592248 29345861 42564807 61818664 103397528 98601069 562535 414264 6808575 8304793 9062804 10685035 99463868 58158062 40524092 41305806 140651481 129712356 99375941 111078363 1925373 2303760 470465384 493569971 24110982 41035976 5056091 10830361 649783 2185576 3872758 32002432 55739095 X 240395017 206482231 81403969 114186771 116663966 117161874 438462952 437830876 470465384 493569971 X -26284090 26492560 -840546 X X 0 1 X 1 1 1 X 193027434 243647246 276189772 192639730 294928420 1200432602 193027434 243647246 276189772 192639730 294928420 1200432602 80662954 1119769648 2320333 2191505 2493238 3428722 4172646 14606444 9631 10990 30551 10450 61622 23056 1482997 99089 121898 161843 1888883 1216989551 106520112 0.92010 0.91900 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PURCHASING CARD REBATE - 2012 AMOUNT: $ 44,983. 2013 AMOUNT: $ 2,403. MISCELLANEOUS - 2010 AMOUNT: $ 655,102. 2011 AMOUNT: $ 1,833. 2012 AMOUNT: $ 16,220. 2013 AMOUNT: $ 61,880. OTHER EVENTS REVENUE - 2011 AMOUNT: $ 43,324. 2012 AMOUNT: $ 52,633. 2013 AMOUNT: $ 85,913. HONORARIUM - 2011 AMOUNT: $ 1,000. COMMISSIONS - 2011 AMOUNT: $ 47,487. 2012 AMOUNT: $ 8,062. 2013 AMOUNT: $ 11,647. REGISTRATION FEES - 2009 AMOUNT: $ 23,056. 2010 AMOUNT: $ 827,895. 2011 AMOUNT: $ 5,445. FORM 990, SCHEDULE A, PART II: EXPLANATION FOR SHORT YEAR FILING IN 2013 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, CONTAIN 12 MONTHS OF FINANCIAL DATA. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 1 4951 0 0 1 924549 0 0 929500 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. 199348112 3000000 19567057 59585944 162329225 160800743 27502093 11045276 199348112 117494011 32338964 10967768 160800743 91697407 27066562 -1269958 117494011 57789507 30324929 2155906 -1427065 91697407 0.02000 0.72100 0.25900 0 0 81916 1024 80892 21089908 12664697 8425211 78292044 45492341 32799703 41305806 LIMITED PARTNERSHIPS 111078363 F 111078363 DEFERRED RENT PAYABLE 2805180 OTHER LIABILITIES 497903 CAPITAL LEASE OBLIGATION 569675 3872758 X 360573112 26492560 710455 11692670 38895685 321677427 885516 8540546 9426062 331103489 357715793 710455 8203275 8913730 348802063 885516 7700000 8585516 357387579 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). AT THE YEAR ENDED MAY 31, 2013, $59,585,944 OF UNRESTRICTED OPERATING RESERVES WERE INCLUDED IN ENDOWMENT NET ASSETS, WHICH WHILE BOARD-DESIGNATED, ARE NOT CONSIDERED BOARD-DESIGNATED FUNDS FUNCTIONING AS ENDOWMENTS. DURING THE YEAR ENDED MAY 31, 2014, THESE OPERATING RESERVES WERE REMOVED FROM ENDOWMENT NET ASSETS. PART X, LINE 2: TFA IS A NOT-FOR-PROFIT ENTITY AS DESCRIBED IN SECTION 501 (A) OF THE INTERNAL REVENUE CODE (THE"CODE") AND IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) AND SIMILAR STATE PROVISIONS. LEE IS A NOT-FOR-PROFIT ENTITY EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(4) OF THE CODE AND SIMILAR STATE PROVISIONS. LEEF IS IN THE PROCESS OF OBTAINING APPROVAL FOR THEIR TAX EXEMPTION AS DESCRIBED IN SECTION 501(C)(3) OF THE CODE. TFA, LEE AND LEEF FILE A FORM 990 ANNUALLY WITH THE INTERNAL REVENUE SERVICE. WHEN ANNUAL RETURNS ARE FILED, SOME TAX POSITIONS ARE HIGHLY CERTAIN TO BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHER TAX POSITIONS ARE SUBJECT TO UNCERTAINTY ABOUT THE TECHNICAL MERITS OF THE POSITION OR AMOUNT OF THE POSITION'S TAX BENEFIT THAT WOULD ULTIMATELY BE SUSTAINED. MANAGEMENT HAS EVALUATED TEACH FOR AMERICA'S TAX POSITIONS, INCLUDING INTEREST AND PENALTIES ATTRIBUTABLE THERETO, AND CONCLUDED THAT THERE ARE NO TAX POSITIONS THAT REQUIRED ADJUSTMENT OR DISCLOSURE TO THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. FORMS 990 FILED BY TEACH FOR AMERICA ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. TEACH FOR AMERICA BELIEVES THAT FORMS 990 FILED FOR YEARS ENDED PRIOR TO 2011 ARE NO LONGER SUBJECT TO EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE ATTRIBUTABLE TO CONSOLIDATED ENTITY 11,692,670. PART XI, LINE 4B - OTHER ADJUSTMENTS: ELIMINATIONS ON CONSOLIDATED FINANCIAL STATEMENTS 7,700,000. GOVERNMENT GRANT REFUND 840,546. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO CONSOLIDATED ENTITY 8,203,275. PART XII, LINE 4B - OTHER ADJUSTMENTS: ELIMINATIONS ON CONSOLIDATED FINANCIAL STATEMENTS 7,700,000. NY ANNUAL BENEFIT DINNER 5851393 5714218 137175 50586 238701 BAY AREA BENEFIT DINNER 1513991 1472541 41450 60244 53693 10 6015007 5634203 380804 105640 584571 45313 13380391 12820962 559429 216470 876965 45313 1138748 -579319 1 LEADERSHIP FOR EDUCATIONAL EQUITY 1805 7TH STREET NW 8TH FLOOR WASHINGTON DC 20001 208848357 501(C)4 9309347 CHARITABLE AND EDUCATIONAL PROGRAMS TO STRENGTHEN INDIVIDUAL AND COLLECTIVE LEADERSHIP 0 1 CORPS MEMBERS TRANSITIONAL GRANTS 2342 5964492 AMGEN AWARDS AND PLACEMENT FUNDING AWARDS 269 969610 CORPS MEMBERS COURSEWORK GRANTS 370 1301583 CORPS MEMBERS EDUCATION AWARDS 1049 6049363 OTHER CORPS MEMBERS AWARDS 8 29000 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 1 1 X X X X 0 0 0 0 0 0 0 1 0 WENDY KOPP CHAIR 176657 0 0 0 0 0 6833 0 2886 0 186376 0 0 0 MATTHEW KRAMER CO-CEO 361946 0 0 0 20000 0 13023 0 17316 0 412285 0 0 0 ELISA VILLANUEVA BEARD CO-CEO 342134 0 0 0 0 0 9800 0 17316 0 369250 0 0 0 E MIGUEL ROSSY SVP, CFO 245371 0 0 0 4667 0 0 0 12473 0 262511 0 0 0 TRACY-ELIZABETH CLAY SVP, GENERAL COUNSEL/SECRETARY 190638 0 0 0 0 0 5129 0 10707 0 206474 0 0 0 JOSHUA GRIGGS EVP, CAO 212887 0 0 0 84440 0 7065 0 14987 0 319379 0 0 0 SUSAN ASIYANBI EVP, TEACHER PREP/SUPPORT/DEV 244057 0 0 0 0 0 0 0 6522 0 250579 0 0 0 ELISSA SODHYUN KIM EVP, RECRUITMENT & ADMISSIONS 245430 0 0 0 0 0 8112 0 5151 0 258693 0 0 0 ERIC SCROGGINS EXECUTIVE DIRECTOR 282759 0 0 0 0 0 0 0 5151 0 287910 0 0 0 AIMEE ADELE EUBANKS DAVIS EVP, PUBLIC AFFAIRS & ENGAGEMENT 240509 0 0 0 0 0 8262 0 22416 0 271187 0 0 0 JEFFREY WETZLER EVP, STRATEGY, INNOVATION & ORG. DEV 255683 0 0 0 0 0 8824 0 23925 0 288432 0 0 0 PART I, LINE 1A MIGUEL ROSSY WAS REIMBURSED BY THE ORGANIZATION FOR TAX OBLIGATIONS THAT WERE INCURRED FOR ELECTED MEDICAL COVERAGE. THIS REIMBURSEMENT OF $4,667 WAS INCLUDED IN HIS W-2 WAGES FOR CALENDAR YEAR 2013. JOSHUA GRIGGS WAS REIMBURSED BY THE ORGANIZATION FOR TAX OBLIGATIONS THAT WERE INCURRED FOR TAX HOME GROSS-UP. THIS REIMBURSEMENT OF $84,440 WAS INCLUDED IN HIS W-2 WAGES FOR CALENDAR YEAR 2013. PART I, LINE 7 TEACH FOR AMERICA ESTABLISHED TWO NEW OFFICER POSITIONS OF CO-CEO, POSITIONS SHARED BETWEEN MATTHEW KRAMER AND ELISA VILLANUEVA BEARD. THE BOARD OF DIRECTORS REVIEWED COMPENSATION SURVEY DATA PROVIDED BY AN OUTSIDE COMPENSATION CONSULTANT, AND CONSIDERED THE DIVISION OF LABOR CREATED BY THE NEW POSITIONS TO ESTABLISH THE BASE COMPENSATION FOR EACH CO-CEO. THE NEWLY ESTABLISHED SALARY FOR THE RANK OF CO-CEO WAS MINIMALLY DIFFERENT FROM THE CURRENT COMPENSATION LEVEL HELD BY MR. KRAMER. AS A RESULT, THE BOARD APPROVED A ONE-TIME $20,000 BONUS TO MR. KRAMER TO RECOGNIZE HIS NEW RANK AS CO-CEO, AND THE NEW RESPONSIBILITIES THEREIN. THE AMOUNT OF MR. KRAMER'S BONUS WAS IN LINE WITH THE BENCHMARK OF COMPENSATION INCREASES RECEIVED IN PRIOR PERIODS. X 83 69209941 FAIR MARKET VALUE X 3 12223 SALES PRICE X IT HARDWARE 1 1215156 SALES PRICE X AIRLINE FARES 1 18200 SALES PRICE X CENTERPIECES 1 5600 SALES PRICE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). FORM 990, BOX F: THE ORGANIZATION HAS TWO PRINCIPAL OFFICERS: - MATT KRAMER, CO-CEO - ELISA VILLANUEVA-BEARD, CO-CEO FORM 990, PART I, LINE 9: TEACH FOR AMERICA COLLECTS FEES FOR PROGRAM SERVICES WHEN TEACHERS ARE HIRED BY SCHOOLS AND DISTRICTS IN THEIR RESPECTIVE ASSIGNED LOCATIONS. THIS OCCURS IN SEPTEMBER, AT THE BEGINNING OF EACH SCHOOL YEAR. IN 2013, TFA CHANGED THE ACCOUNTING PERIOD FROM OCTOBER 1 THROUGH SEPTEMBER 30 TO JUNE 1 THROUGH MAY 31. AS A RESULT OF THE CHANGE IN FISCAL YEAR END, THE FEE FOR SERVICE COLLECTIONS EXPECTED AND POSTED IN SEPTEMBER ARE NOT REFLECTED IN THE 2012 FORM 990. HOWEVER, IN FISCAL YEAR 2014, THE FEES FOR SERVICE WERE COLLECTED AS EXPECTED AND POSTED IN SEPTEMBER WHICH ACCOUNTS FOR THE INCREASE IN PROGRAM SERVICE REVENUE IN 2013 FORM 990. FORM 990, PART VI, SECTION A, LINE 8B ALL OF THE MEETINGS OF THE AUDIT, FINANCE, AND GOVERNANCE COMMITTEES OF THE BOARD WERE DOCUMENTED THROUGH MINUTES AND THE MAJORITY OF THE REMAINING 7 COMMITTEES WERE SIMILARLY DOCUMENTED BUT NOT ALL. DURING FISCAL YEAR 2014, THERE WERE 4 COMMITTEES THAT DID NOT MEET AND NO MINUTES WERE AVAILABLE. IN FISCAL YEAR 2014, TEACH FOR AMERICA ENGAGED CONSULTANTS TO REVIEW ITS BOARD COMMITTEE STRUCTURE THAT RESULTED IN STREAMLINING THE STRUCTURE FROM 11 COMMITTEES TO JUST 4 - AUDIT, EXECUTIVE, FINANCE AND GOVERNANCE. FORM 990, PART VI, SECTION B, LINE 11 TEACH FOR AMERICA'S FORM 990 WAS PREPARED BY AN INDEPENDENT TAX PREPARER. MANAGEMENT PERFORMED AN IN-DEPTH REVIEW. A DRAFT OF THE 990 WAS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. ONCE ALL QUESTIONS AND COMMENTS FROM THE AUDIT COMMITTEE WERE ADDRESSED, A FINAL VERSION OF THE DRAFT 990 FORM WAS MADE AVAILABLE TO THE EXECUTIVE COMMITTEE OF THE BOARD WHICH PROVIDES GENERAL OVERSIGHT OF THE BOARD OF DIRECTORS AND IS AUTHORIZED TO MAKE DECISIONS ON THEIR BEHALF DURING INTERVALS BETWEEN MEETINGS OF THE FULL BOARD. THE FULL BOARD RECCEIVES A COPY OF THE DRAFT 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 LEADERSHIP TEAM MEMBERS AND OTHER KEY OFFICERS ARE APPROPRIATE AND IN LINE WITH THOSE OF COMPARABLE ORGANIZATIONS. ALL CEO AND LEADERSHIP TEAM MEMBER SALARIES ARE APPROVED BY THE BOARD AT THE ANNUAL BOARD MEETING. DOCUMENTATION PROVIDED TO THE BOARD IN ADVANCE OF THE MEETING REGARDING EXECUTIVE COMPENSATION INCLUDES CURRENT SALARIES, MERCER BENCHMARKED COMPENSATION DATA, SALARY RECOMMENDATIONS FOR THE UPCOMING YEAR, AND ALTERNATIVE OPTIONS FOR CEO SALARY INCREASES. THE BOARD MEMBERS DISCUSS AND FINALIZE THE CEO AND LEADERSHIP TEAM COMPENSATION FOR THE COMING YEAR. ALL DISCUSSIONS, DELIBERATIONS AND DECISIONS REGARDING EXECUTIVE COMPENSATION ARE RECORDED IN THE MINUTES OF THE BOARD MEETING. COMPENSATION STRUCTURES AND INDIVIDUAL STAFF MEMBER SALARIES ARE REVIEWED AND ADJUSTED ANNUALLY AT TEACH FOR AMERICA. REGARDING OUR COMPENSATION STRUCTURES, EACH YEAR, THE 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 OUR GUIDING PRINCIPLES OF PAYING COMPETITIVELY RELATIVE TO THE NON-PROFIT ORGANIZATIONS BUT NOT AT THE TOP OF THE MARKET, ADHERING TO INTERNAL EQUITY, RECOGNIZING CHANGES IN SCALE AND MARKET OF ROLES, AND ENSURING WE ARE PAYING FAIRLY AND COMPETITIVELY OVER THE COURSE OF STAFF MEMBER CAREERS IN THE ORGANIZATION THROUGH ANNUAL EVALUATION OF A STAFF MEMBER'S CHANGING CONTRIBUTION TO THE ORGANIZATION. STAFF SALARIES ARE CALIBRATED ANNUALLY BY THE LEADERSHIP TEAM AND APPROVED BY THE CO-CEOS, ENSURING 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 APRIL 2014 AND CONCLUDING IN MAY 2014. FORM 990, PART VI, SECTION C, LINE 19 TEACH FOR AMERICA MAKES ITS FORM 990 AVAILABLE TO THE 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 VII, SECTION A: COMPENSATION FOR WENDY KOPP, MATTHEW KRAMER, AND ELISA VILLANUEVA BEARD IS REPORTED FOR THE PERIOD JANUARY 1, 2013 THROUGH DECEMBER 31, 2013. WENDY KOPP WAS PAID AS CEO THROUGH FEBRUARY 28, 2013, AT WHICH TIME SHE BECAME CHAIR OF THE BOARD FROM THE PERIOD MARCH 1, 2013 THROUGH MAY 31, 2013 AND RECEIVED COMPENSATION FOR FUNDRAISING, SPOKESPERSON, AND STRATEGIC CONTRIBUTIONS. MATTHEW KRAMER AND ELISA VILLANUEVA BEARD WERE PRESIDENT AND COO, RESPECTIVELY, THROUGH FEBRUARY 28, 2013, UNTIL APPOINTED CO-CEOS BEGINNING MARCH 1, 2013. 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 HIRE CORPS MEMBERS FOR OPEN TEACHING POSITIONS WITHIN THEIR SCHOOL DISTRICTS. TEACH FOR AMERICA RECOGNIZES THE REVENUE RELATED TO THESE CONTRACTUAL AGREEMENTS AS EARNED, THAT IS, WHEN THE CORPS MEMBERS IS PLACED. FORM 990, PART X, LINES 27 - 29: 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 FOR FUTURE TIME PERIODS. ONCE THESE RESTRICTIONS HAVE BEEN 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. IN FY14, OUR NET ASSETS FALL INTO THE FOLLOWING CATEGORIES: - APPROXIMATELY 20% 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 27% IS THE BODY OF OUR ENDOWMENT AND THUS CANNOT BE SPENT ON PROGRAMMING. IN FY14, OUR ENDOWMENT GENERATED APPROXIMATELY $19.3 MILLION IN ANNUAL RETURNS AVAILABLE FOR CURRENT USAGE, WHICH IS SPREAD BETWEEN THE NATIONAL ORGANIZATION AND OUR REGIONS; - APPROXIMATELY 8% IS FIXED ASSETS, WHICH INCLUDES ITEMS SUCH AS DEPRECIATING SOFTWARE, FURNITURE, TECHNOLOGY AND OTHER CAPITAL INVESTMENTS FROM PRIOR YEARS; - APPROXIMATELY 19% IS CASH OR EQUIVALENTS. TEACH FOR AMERICA AIMS TO MAINTAIN A MINIMUM OPERATING RESERVE OF AROUND 25% OF ANNUAL EXPENSES THROUGHOUT THE YEAR, OR 3 MONTHS OF EXPENSES, WHICH IS THE BOTTOM OF THE RANGE OF 3-6 MONTHS RECOMMENDED BY BOTH THE NATIONAL COUNCIL FOR NON-PROFITS AND THE NONPROFITS ASSISTANCE FUND. FORM 990, PART XI, LINE 9: GOVERNMENT GRANT REFUND -840,546. 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. LEADERSHIP FOR EDUCATIONAL EQUITYINC 1805 7TH STREET NW 8TH FLOOR WASHINGTON DC 20001 208848357 PUBLIC POLICY DC 501(C)(4) TEACH FOR AMERICAINC 1 LEADERSHIP FOR EDUCATIONAL EQUITY FOUNDATION 1805 7TH STREET NW 8TH FLOOR WASHINGTON DC 20001 462093041 EDUCATION AND PUBLIC POLICY TO ACHIEVE EDUCATIONAL EQUITY DE 501(C)(3) LINE 7 LEADERSHIP FOR EDUCATIONAL EQUITY INC 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 LEADERSHIP FOR EDUCATIONAL EQUITY B 9309347 COST LEADERSHIP FOR EDUCATIONAL EQUITY N 244351 COST