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NATIONAL CENTER FOR TEACHER RESIDENCIES INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
NATIONAL CENTER FOR TEACHER RESIDENCIES INC (EIN 26-0869607)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-03-10
IRS object ID
202620699349301752
Schema version
2024v5.5
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)
Return2026-03-10T13:58:52-05:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

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 Begin2024-07-01TaxPeriodBeginDt

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 Line1200 EAST RANDOLPH ST 5100AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60601ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL VELASCOPersonNm
Person TitleCHAIRPersonTitleTxt
Phone3123978878PhoneNum
Signature2026-03-06SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEPHANIE LEWPreparerPersonNm
PTINP01080011PTIN
Phone8478888600PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerDANIEL VELASCOPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 EAST RANDOLPH ST 5100AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60601ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$12,035,693GrossReceiptsAmt
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 Employee26TotalEmployeeCnt
Total Volunteers11TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$14,058,811PYContributionsGrantsAmt
CY Contributions Grants$10,455,964CYContributionsGrantsAmt
PY Program Service Revenue$1,266,422PYProgramServiceRevenueAmt
CY Program Service Revenue$1,188,139CYProgramServiceRevenueAmt
PY Investment Income$156,681PYInvestmentIncomeAmt
CY Investment Income$391,590CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$15,481,914PYTotalRevenueAmt
CY Total Revenue$12,035,693CYTotalRevenueAmt
PY Grants And Similar Paid$7,568,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$7,016,203CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,633,046PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,832,346CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$432,677CYTotalFundraisingExpenseAmt
PY Other Expenses$1,333,988PYOtherExpensesAmt
CY Other Expenses$1,584,142CYOtherExpensesAmt
PY Total Expenses$12,535,034PYTotalExpensesAmt
CY Total Expenses$12,432,691CYTotalExpensesAmt
PY Revenues Less Expenses$2,946,880PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$396,998CYRevenuesLessExpensesAmt
Total Assets BOY$12,763,674TotalAssetsBOYAmt
Total Assets EOY$13,229,982TotalAssetsEOYAmt
Total Liabilities BOY$6,262,703TotalLiabilitiesBOYAmt
Total Liabilities EOY$6,931,479TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$6,500,971NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$6,298,503NetAssetsOrFundBalancesEOYAmt
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$10,834,511ExpenseAmt
Grant$7,016,203GrantAmt
Revenue$1,188,139RevenueAmt
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$10,834,511TotalProgramServiceExpensesAmt
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 Document13IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee26EmployeeCnt
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 Line1200 EAST RANDOLPH STREET SUITE 5100AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60601ZIPCd

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
TREASURER2.000.00Yes (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
DIRECTOR1.000.00Yes (X)$0$0$0
TRAVIS BRISTOL
DIRECTOR1.000.00Yes (X)$0$0$0
SHAWNEE CARUTHERS
DIRECTOR1.000.00Yes (X)$0$0$0
EDMUND CLARK
DIRECTOR1.000.00Yes (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)$263,250$0$21,712
ERICA HINES
CHIEF PROGRAM OFFICER40.000.00Yes (X)$182,828$0$4,920
WAYNE SHEN
COO40.000.00Yes (X)$199,368$0$24,102
JILL HARVIEUX PITNER
CHIEF GROWTH OFFICER40.000.00Yes (X)$195,206$0$9,760
BILL KENNEDY
MANAGING DIRECTOR OF DEVELOPMENT40.000.00$159,629$0$33,673Yes (X)
CARLY BLACK
MANAGING DIRECTOR OF PROGRAMS40.000.00$146,420$0$12,306Yes (X)
KELLY RILING
MANAGING DIRECTOR OF PROGRAMS40.000.00$145,180$0$11,614Yes (X)
KEILANI MARTIN
MANAGING DIRECTOR OF PROGRAMS40.000.00$133,680$0$12,647Yes (X)
ROSEMARY BAKER
PROGRAM DIRECTOR40.000.00$130,686$0$15,151Yes (X)
RANDALL LAHANN
PROGRAM DIRECTOR40.000.00$125,241$0$23,161Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,681,488TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$169,046TotalOtherCompensationAmt
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$1,365,916GovernmentGrantsAmt
All Other Contributions$9,090,048AllOtherContributionsAmt
Total Contributions$10,455,964TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescPROGRAM REVENUEDesc
Business900099BusinessCd
Total Revenue Column$1,188,139TotalRevenueColumnAmt
Related Or Exempt Func Income$1,188,139RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$1,188,139TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$391,590TotalRevenueColumnAmt
Exclusion$391,590ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,035,693TotalRevenueColumnAmt
Related Or Exempt Func Income$1,188,139RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$391,590ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$7,016,203TotalAmt
Program Services$7,016,203ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,113,638TotalAmt
Program Services$575,632ProgramServicesAmt
Management And General$290,751ManagementAndGeneralAmt
Fundraising$247,255FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,221,691TotalAmt
Program Services$1,836,732ProgramServicesAmt
Management And General$271,128ManagementAndGeneralAmt
Fundraising$113,831FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$94,824TotalAmt
Program Services$79,571ProgramServicesAmt
Management And General$11,048ManagementAndGeneralAmt
Fundraising$4,205FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$165,676TotalAmt
Program Services$141,079ProgramServicesAmt
Management And General$16,418ManagementAndGeneralAmt
Fundraising$8,179FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$236,517TotalAmt
Program Services$173,188ProgramServicesAmt
Management And General$38,764ManagementAndGeneralAmt
Fundraising$24,565FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$167,291TotalAmt
Program Services$108,481ProgramServicesAmt
Management And General$56,242ManagementAndGeneralAmt
Fundraising$2,568FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$126,550TotalAmt
Management And General$126,550ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$676,404TotalAmt
Program Services$438,619ProgramServicesAmt
Management And General$227,401ManagementAndGeneralAmt
Fundraising$10,384FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$49,448TotalAmt
Program Services$35,324ProgramServicesAmt
Management And General$9,114ManagementAndGeneralAmt
Fundraising$5,010FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$15,059TotalAmt
Program Services$9,765ProgramServicesAmt
Management And General$5,063ManagementAndGeneralAmt
Fundraising$231FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$33,775TotalAmt
Program Services$24,731ProgramServicesAmt
Management And General$5,536ManagementAndGeneralAmt
Fundraising$3,508FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$491,596TotalAmt
Program Services$394,685ProgramServicesAmt
Management And General$84,041ManagementAndGeneralAmt
Fundraising$12,870FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$23,219TotalAmt
Management And General$23,219ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescBAD DEBT EXPENSEDesc
Total$800TotalAmt
Program Services$501ProgramServicesAmt
Management And General$228ManagementAndGeneralAmt
Fundraising$71FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$12,432,691TotalAmt
Program Services$10,834,511ProgramServicesAmt
Management And General$1,165,503ManagementAndGeneralAmt
Fundraising$432,677FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$458,156BOYAmt
EOY$209,909EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$9,160,532BOYAmt
EOY$11,597,972EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,263,843BOYAmt
EOY$1,014,720EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$853,087BOYAmt
EOY$354,923EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$13,358BOYAmt
EOY$20,171EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$14,698BOYAmt
EOY$32,287EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$12,763,674BOYAmt
EOY$13,229,982EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$155,143BOYAmt
EOY$165,844EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$5,988,000BOYAmt
EOY$6,660,433EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$107,300BOYAmt
EOY$71,750EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$12,260BOYAmt
EOY$33,452EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$6,262,703BOYAmt
EOY$6,931,479EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,019,802BOYAmt
EOY$4,142,958EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,481,169BOYAmt
EOY$2,155,545EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,500,971BOYAmt
EOY$6,298,503EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$12,763,674BOYAmt
EOY$13,229,982EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$396,998ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$194,530OtherChangesInNetAssetsAmt
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$9,785,695CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$8,501,328CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,958,527CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$14,058,811CurrentTaxYearMinus1YearAmt
Current Tax Year$10,455,964CurrentTaxYearAmt
Total$50,760,325TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$9,785,695CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$8,501,328CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,958,527CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$14,058,811CurrentTaxYearMinus1YearAmt
Current Tax Year$10,455,964CurrentTaxYearAmt
Total$50,760,325TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$4,021,484SubstantialContributorsTotAmt
Public Support Total170$46,738,841PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$156,681CurrentTaxYearMinus1YearAmt
Current Tax Year$391,590CurrentTaxYearAmt
Total$548,271TotalAmt
FieldValueIRS element (for citing)
Total Support$51,308,596TotalSupportAmt
Gross Receipts Rltd Activities$5,288,014GrossReceiptsRltdActivitiesAmt
Public Support CY1700.91090PublicSupportCY170Pct
Public Support PY1700.87190PublicSupportPY170Pct
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$33,452Amt
FieldValueIRS element (for citing)
Total Liability$33,452TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$12,035,693TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$12,035,693RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$12,035,693TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$12,238,161TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included-$194,530OtherExpensesIncludedAmt
Expenses Not Reported-$194,530ExpensesNotReportedAmt
Expenses Subtotal$12,432,691ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$12,432,691TotalExpensesPerForm990Amt

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, 2025 AND 2024.
PART XII, LINE 2D - OTHER ADJUSTMENTS:PRIOR YEAR GRANT PAYABLE NOT PAID -194,530.

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (51 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxtAddress Line2USAddress/AddressLine2Txt
ALTERNATIVE PATHWAYS FOR EDUCATOR CERTIFICATION COKER UNIVERSITY
300 E COLLEGE AVENUEHARTSVILLESC29550570324916501(C)(3)$75,000$0TEACHER RESIDENCY
ALTERNATIVE PATHWAYS FOR EDUCATOR CERTIFICATION COLUMBIA COLLEGE
1301 COLUMBIA COLLEGE DRIVECOLUMBIASC29203570324915501(C)(3)$210,000$0TEACHER RESIDENCY
APPLETREE INSTITUTE FOR EDUCATION INNOVATION
1801 MISSISSIPPI AVE SE 3RD FLOORWASHINGTONDC20020043331760501(C)(3)$100,000$0TEACHER RESIDENCY
ARIZONA TEACHER RESIDENCY
E VIRGINIA AVE SUITE 100PHOENIXAZ85004742579628GOV$150,000$0TEACHER RESIDENCY
BOSTON PLAN FOR EXCELLENCE (BTR)
67 KEMBLE ST SUITE 25ROXBURYMA02119813213571501(C)(3)$150,000$0TEACHER RESIDENCY
CAMINO NUEVO CHARTER ACADEMY (AVANCE RESIDENCY LA)
3435 W TEMPLE STREETLOS ANGELESCA90026954771789501(C)(3)$80,000$0TEACHER RESIDENCY
CAPITOL REGION EDUCATION COUNCIL (CREC) (CTTRP)
111 CHARTER OAK AVENUEHARTFORDCT06106204091009501(C)(3)$273,686$0TEACHER RESIDENCY
CHICAGO PUBLIC SCHOOLS
42 WEST MADISON 2ND FLOORCHICAGOIL60602366005821GOV$330,000$0TEACHER RESIDENCY
CSU BAKERSFIELD BLACK EDUCATOR TEACHER RESIDENCY
9001 STOCKDALE HIGHWAYBAKERSFIELDCA93311320291662501(C)(3)$100,000$0TEACHER RESIDENCY
DALLAS COLLEGE FOUNDATION INC
1601 BOTHAM JEAN BLVDDALLASTX75215237326612501(C)(3)$75,000$0TEACHER RESIDENCY
DELAWARE STATE UNIVERSITY
1200 N DUPONT HIGHWAYDOVERDE19901510305893501(C)(3)$215,000$0TEACHER RESIDENCY
DREXEL UNIVERSITY (PHILADELPHIA TEACHER RESIDENCY)
TD BANK PO BOX 95000-1090PHILADELPHIAPA191951090231352630501(C)(3)$100,000$0TEACHER RESIDENCY
EAST CAROLINA UNIVERSITY
COLLEGE OF EDUCATION-REI MAIL STOPGREENVILLENC278584353566000403GOV$66,113$0TEACHER RESIDENCY5041000 E 5TH STREET
EAST HARLEM TUTORIAL PROGRAM
2035 2ND AVENUENEW YORKNY10029237439789501(C)(3)$200,000$0TEACHER RESIDENCY
ELIZABETH CITY - PASQUOTANK BOARD OF EDUCATION
1200 HALSTEAD BLVD PO BOX 2247ELIZABETH CITYNC27909560891512GOV$100,000$0TEACHER RESIDENCY
GRAMBLING STATE UNIVERSITY
403 MAIN STREET LONG JONES HALLGRAMBLINGLA71245726000751GOV$25,000$0TEACHER RESIDENCY
GREAT OAKS FOUNDATION
38 DELANCEY STREET 2ND FLOORNEW YORKNY10002275281234501(C)(3)$240,000$0TEACHER RESIDENCY
GSU RESEARCH FOUNDATION (CREATE TEACHER RESIDENCY)
58 EDGEWOOD NE 3RD FLOORATLANTAGA303023999581845423501(C)(3)$235,000$0TEACHER RESIDENCY
INDY TEACH
55 N TIBBS AVENUEINDIANAPOLISIN46222352051932501(C)(3)$60,000$0TEACHER RESIDENCY
JACKSON PUBLIC SCHOOL DISTRICT
662 SOUTH PRESIDENT STREETJACKSONMS39201386001907GOV$50,000$0TEACHER RESIDENCY
LIVINGSTONE COLLEGE
701 W MONROE STREETSALISBURYNC28144560603922501(C)(3)$123,875$0TEACHER RESIDENCY
LOYOLA UNIVERSITY MARYLAND
4501 NORTH CHARLES STREETBALTIMOREMD21210520591623501(C)(3)$75,000$0TEACHER RESIDENCY
MARIAN UNIVERSITY
3200 COLD SPRING ROADINDIANAPOLISIN46222350868175501(C)(3)$95,000$0TEACHER RESIDENCY
MEMPHIS TEACHER RESIDENCY
1350 CONCOURSE AVENUE 366MEMPHISTN38104264440905501(C)(3)$170,000$0TEACHER RESIDENCY
NASHVILLE TEACHER RESIDENCY
PO BOX 40017NASHVILLETN37027471461324501(C)(3)$329,629$0TEACHER RESIDENCY
NORFOLK STATE UNIVERSITY
700 PARK AVENUENORFOLKVA23504546002808GOV$40,000$0TEACHER RESIDENCY
NORMAN C FRANCIS TEACHER RESIDENCY XAVIER UNIVERSITY OF LOUISIANA
DIVISION OF EDUCATION ANDNEW ORLEANSLA70125720635884501(C)(3)$130,000$0TEACHER RESIDENCYCOUNSELING 1 DREXEL DRIVE CAMPUS BO
NORTH CAROLINA AGRICULTURAL AND TECHNICAL STATE UNIVERSITY
PROCTOR HALL ROOM 388 1601 EASTGREENSBORONC27411566000007GOV$125,000$0TEACHER RESIDENCYMARKET STREET
NORTH CAROLINA CENTRAL UNIVERSITY
1801 FAYETTEVILLE STREETDURHAMNC27707566000730GOV$122,900$0TEACHER RESIDENCY
OAKLAND UNIFIED SCHOOL DISTRICT
1011 UNION STREETOAKLANDCA94607946000385GOV$120,000$0TEACHER RESIDENCY
OLD DOMINION UNIVERSITY RESEARCH FOUNDATION
PO BOX 6369NORFOLKVA235080369546068198501(C)(3)$100,000$0TEACHER RESIDENCY
OSWEGO COMMUNITY UNIT SCHOOL DISTRICT 308
NXTGEN RESIDENCY 4175 ROUTE 71OSWEGOIL60543366004828501(C)(3)$75,000$0TEACHER RESIDENCY
PUBLIC EDUCATION & BUSINESS COALITION (PEBC)
3607 MARTIN LUTHER KING BLVDDENVERCO80205742357262501(C)(3)$220,000$0TEACHER RESIDENCY
PUBLIC EDUCATION FOUNDATION PROJECT INSPIRE TEACHER RESIDENCY
1651 S HOLTZCLAW AVE SUITE 201CHATTANOOGATN37404621356764501(C)(3)$220,000$0TEACHER RESIDENCY
SHAW UNIVERSITY
118 EAST SOUTH STREETRALEIGHNC27601560530235501(C)(3)$50,000$0TEACHER RESIDENCY
SOUTHWEST MINNESOTA STATE UNIVERSITY
BUSINESS SERVICES 1501STATE STREET MARSHALLMN56258411687554GOV$40,000$0TEACHER RESIDENCY
ST LOUIS TEACHER RESIDENCY
2315 LOCUST STREET SUITE 8ST LOUISMO63103301000654501(C)(3)$300,000$0TEACHER RESIDENCY
SUMMIT PUBLIC SCHOOLS (MARSHALL STREET INITIATIVES)
780 BROADWAYREDWOOD CITYCA94063262034843501(C)(3)$230,000$0TEACHER RESIDENCY
THE EDUCATE ME FOUNDATION INC
2559 EAST 55TH PLACEINDIANAPOLISIN46220474303266501(C)(3)$170,000$0TEACHER RESIDENCY
THE EDUCATOR ACADEMY
1712 MAIN STREET SUITE 200KANSAS CITYMO64108475135488501(C)(3)$135,000$0TEACHER RESIDENCY
THE UNIVERSITY OF WEST ALABAMA
100 N WASHINGTON STLIVINGSTONAL35470636001100GOV$75,000$0TEACHER RESIDENCY
TULARE COUNTY OFFICE OF EDUCATION
6200 SOUTH MOONEY BLVDVISALIACA93277942191905GOV$95,000$0TEACHER RESIDENCY
UNIVERSITY OF ARKANSAS
SCHOOL OF EDUCATION 1200 NORTHPINE BLUFFAR71601716003252GOV$100,000$0TEACHER RESIDENCYUNIVERSITY DRIVE
UNIVERSITY OF GEORGIA RESEARCH FOUNDATION INC
310 EAST CAMPS ROAD TUCKER HALL 409ATHENSGA306025939581353149501(C)(3)$100,000$0TEACHER RESIDENCY
UNIVERSITY OF MARYLAND EASTERN SHORE
11868 COLLEGE BACKBONE DRIVEPRINCESS ANNEMD21853526002033GOV$25,000$0TEACHER RESIDENCY
UNIVERSITY OF NORTH FLORIDA (JTR)
JACKSONVILLE TEACHER RESIDENCY 1JACKSONVILLEFL32224592976169GOV$75,000$0TEACHER RESIDENCYUNF DRIVE
UNIVERSITY OF ST THOMAS
PO BOX 64947ST PAULMN551640947410693970501(C)(3)$240,000$0TEACHER RESIDENCY
UNIVERSITY OF TEXAS AT AUSTIN
110 INNER CAMPUS DR MAI 4 STOPAUSTINTX78712746000203GOV$80,000$0TEACHER RESIDENCYK5300
VIRGINIA COMMONWEALTH UNIVERSITY (RICHMOND TEACHER RESIDENCY)
BOX 843039RICHMONDVA232843039546001758GOV$305,000$0TEACHER RESIDENCY
WASHINGTON EDUCATION ASSOCIATION
C/O WEA-ART PROGRAM PO BOX 9100FEDERAL WAYWA980639100910460645501(C)(3)$95,000$0TEACHER RESIDENCY
WILLIAM CAREY UNIVERSITY
710 WILLIAM CAREY PARKWAYHATTIESBURGMS39401640329300501(C)(3)$120,000$0TEACHER RESIDENCY
FieldValueIRS element (for citing)
Total501c3 Org51Total501c3OrgCnt
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 (7 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$263,250$0$0$0$0$0$13,163$0$8,549$0$284,962$0$0$0
WAYNE SHEN
COO$199,368$0$0$0$0$0$9,968$0$14,134$0$223,470$0$0$0
JILL HARVIEUX PITNER
CHIEF GROWTH OFFICER$195,206$0$0$0$0$0$9,760$0$0$0$204,966$0$0$0
BILL KENNEDY
MANAGING DIRECTOR OF DEVELOPMENT$159,629$0$0$0$0$0$7,981$0$25,692$0$193,302$0$0$0
ERICA HINES
CHIEF PROGRAM OFFICER$182,828$0$0$0$0$0$4,920$0$0$0$187,748$0$0$0
CARLY BLACK
MANAGING DIRECTOR OF PROGRAMS$146,420$0$0$0$0$0$4,393$0$7,913$0$158,726$0$0$0
KELLY RILING
MANAGING DIRECTOR OF PROGRAMS$145,180$0$0$0$0$0$7,259$0$4,355$0$156,794$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 194,530.