2022-05-16T13:38:39-05:00 2021-06-30 420714325 RSM US LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2020-07-01 270989006 URBAN TEACHER CENTER INC URBA 4106626600 1800 WASHINGTON BLVD NO 411 BALTIMORE MD 21230 SISILIA MO CONTROLLER & TREASURER 4106626600 2022-05-16 1 SISILIA MO 999009999 JULIA FLANNERY CPA P00928918 4102469301 2022-05-16 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z URBAN TEACHERS PETER SHULMAN 1800 WASHINGTON BLVD NO 411 BALTIMORE MD 21230 29990040 0 X WWW.URBANTEACHERS.ORG X 2009 MD TO PREPARE HIGHLY EFFECTIVE TEACHERS WHO SIGNIFICANTLY ACCELERATE STUDENT ACHIEVEMENT IN THE NATION'S HIGHEST NEED SCHOOLS. 9 9 220 10 0 0 9388050 12783949 14696815 17206091 0 0 0 0 24084865 29990040 0 0 0 0 8262495 7279747 0 0 505400 17209175 18589467 25471670 25869214 -1386805 4120826 4670361 9319490 1582731 2111034 3087630 7208456 URBAN TEACHER CENTER'S MISSION IS TO PREPARE HIGHLY EFFECTIVE TEACHERS WHO SIGNIFICANTLY ACCELERATE STUDENT ACHIEVEMENT IN THE NATIONS' HIGHEST NEED SCHOOLS. 0 0 20681819 15473559 URBAN TEACHERS PREPARED 1,004 PARTICIPANTS IN THE FOLLOWING FOUR COHORTS; RESIDENTS - 392, YEAR 1 FELLOWS - 257, YEAR 2 FELLOWS - 214, AND YEAR 3 FELLOWS - 141. URBAN TEACHERS SUCCESSFULLY IMPLEMENTED ITS PROGRAM IN 142 PUBLIC AND CHARTER SCHOOLS THROUGHOUT BALTIMORE, DC, AND DALLAS FORT WORTH. 1192919 747775 DESIGNED, DEVELOPED, AND EVALUATED THE CURRICULUM AND PROFESSIONAL DEVELOPMENT FOR THE ORGANIZATION'S TEACHER PREPARATION PROGRAM. THE CURRICULUM IS USED TO DELIVER A MASTER OF SCIENCE IN EDUCATION TO EACH PROGRAM PARTICIPANT. THE OVERALL ACCOMPANYING SEQUENCE OF COACHING, EVALUATION, AND INDEPENDENT OBSERVATIONS, ALONG WITH QUARTERLY REVIEWS, HAS PROVEN SUCCESSFUL IN HONING THE QUALITY OF URBAN TEACHERS' PREPARATION PROGRAM. 1570975 984757 RECRUITED 310 NEW RESIDENTS FOR COHORT YEAR 2020. EFFORTS TO INCREASE DIVERSITY PROVED SUCCESSFUL AS WELL, WITH 52% OF COHORT 2020 COMPRISED OF PEOPLE OF COLOR. 23445713 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 514 0 1 220 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X SISILIA MO 4106626600 1800 WASHINGTON BLVD NO 411 BALTIMORE MD 21230 SEKOU BIDDLE TRUSTEE 1.00 X 0 0 0 GARY GEISEL TRUSTEE 1.00 X 0 0 0 DIANNE HOUGHTON TRUSTEE 1.00 X 0 0 0 JAMES PICKMAN TRUSTEE 1.00 X 0 0 0 VINCE TALBERT TRUSTEE 1.00 X 0 0 0 ADRIENNE WILLIAMS TRUSTEE 1.00 X 0 0 0 TERRI FREEMAN TRUSTEE 1.00 X 0 0 0 SHAYNE SPALTEN TRUSTEE 1.00 X 0 0 0 HEIDI RAMIREZ TRUSTEE 1.00 X 0 0 0 PETER SHULMAN PRESIDENT & CEO 40.00 X 237550 0 13509 FRANK BONANNO TREASURER & CFO (THRU 4/16/21) 40.00 X 198331 0 5266 JACQUELINE GREER CHIEF PROGRAM OFFICER 40.00 X 174667 0 9946 ROXANNE WHITE CHIEF ACADEMIC OFFICER 40.00 X 168694 0 9042 SISILIA MO CONTROLLER & TREASURER 40.00 X 117610 0 5576 CRYSTAL COACHE CHIEF OF STAFF 40.00 X 138094 0 5231 CHARELLE JAMES EXECUTIVE DIRECTOR, BALTIMORE 40.00 X 153430 0 10331 EMILY GARCIA EXEC DIR, DFW (THRU 5/19/21) 40.00 X 142422 0 12315 KIRSTEN MACKLER EXECUTIVE DIRECTOR, P&E 40.00 X 124498 0 8211 ROBERT SIMMONS EXECUTIVE DIRECTOR, BEI 40.00 X 145116 0 7938 CANDACE SMITH EXECUTIVE DIRECTOR, DC 40.00 X 126519 0 15486 ELINOR TAPPE FORMER CHIEF DEV OFFICER (THRU 5/1/20) 40.00 X 112930 0 2118 1839861 0 104969 16 1 1 0 AMERICAN INSTITUTION FOR RESEARCH C/O JP MORGAN CHASE PO BOX 28126 NEW YORK NY 10087 SEED EVALUATION 312064 1 2258069 10525880 12783949 TEACHER TRAINING PROGR 611710 12569082 12569082 TUITION 611110 4534578 4534578 SUMMER PROGRAM 611710 102431 102431 17206091 29990040 17206091 0 0 959167 754535 150970 53662 5263419 4141215 826123 296081 6255 4866 1164 225 390913 304065 72760 14088 659993 513365 122843 23785 16794 16794 33600 33600 710738 478846 140986 90906 257640 253785 280 3575 630036 366332 254919 8785 364061 317475 39588 6998 5911 2674 3215 22 128282 128282 84568 63426 16691 4451 FACULTY AND ASSESSMENT 6333329 6333329 PARTICIPANT EXPENSES 6138165 6121435 16730 UNIVERSITY FEES 3137500 3137500 OTHER COURSEWORK MATERI 596918 551543 45175 200 151925 101322 47981 2622 25869214 23445713 1918101 505400 845693 3208276 887 833 3083039 5114840 244098 554469 85392 74229 135123 155622 595594 384373 276129 211221 4670361 9319490 1156655 2066979 426076 44055 1582731 2111034 X 831781 1732782 2255849 5475674 3087630 7208456 4670361 9319490 4120826 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 595594 384373 211221 211221 PAYCHECK PROTECTION PROGRAM LOAN 44055 44055 X 29990040 0 29990040 0 29990040 25869214 0 25869214 0 25869214 PART X, LINE 2: URBAN TEACHERS FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS POLICY, URBAN TEACHERS MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WOULD BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS EVALUATED URBAN TEACHERS' TAX POSITIONS AND HAS CONCLUDED THAT URBAN TEACHERS HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS GUIDANCE. URBAN TEACHERS IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE JUNE 30, 2018. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED IN THE WASHINGTON POST ANNUALLY. SCHEDULE E, PART I, LINE 6 URBAN TEACHERS RECEIVES CERTAIN GRANTS FROM FEDERAL, STATE AND LOCAL AGENCIES. THESE INCLUDE SCHOLARSHIPS FOR OPPORTUNITY AND RESULTS GRANTS, AMERICORPS, SUPPORTING EFFECTIVE EDUCATOR DEVELOPMENT GRANT, AND BALTIMORE COVID-19 RELIEF FUND. SCHEDULE E, LINE 6A: ON APRIL 16, 2020, URBAN TEACHERS RECEIVED A LOAN THROUGH A BANK FROM THE SMALL BUSINESS ASSOCIATION (SBA) FOR THE PAYCHECK PROTECTION PROGRAM IN THE AMOUNT OF $2,003,235. THE LOAN WAS SUBSEQUENTLY FUNDED ON APRIL 24, 2020. EITHER A PORTION OR ALL OF THE LOAN MAY BE FORGIVEN PROVIDED CERTAIN CONDITIONS ARE SUBSTANTIALLY MET DURING THE COVERED PERIOD. THE PAYCHECK PROTECTION PROGRAM ALLOWED URBAN TEACHERS TO SELECT ONE OF TWO COVERED PERIODS; AN EIGHT-WEEK COVERED PERIOD OR A 24-WEEK COVERED PERIOD. THE CONDITIONS THAT MUST BE MET INCLUDED: A) THE FUNDS WERE USED FOR QUALIFYING EXPENSES; AND B) THE FULL-TIME EQUIVALENT (FTE) LEVEL AND RELATED PAYROLL COSTS LEVEL REQUIREMENTS WERE MET AS OUTLINED BY THE PAYCHECK PROTECTION PROGRAM. ANY AMOUNTS NOT FORGIVEN BY SBA WOULD HAVE TO BE REPAID IN MONTHLY INSTALLMENTS INCLUDING 1% INTEREST. THE PAYMENT DEFERRAL PERIOD WAS EXTENDED BY THE SBA TO THE DATE THAT THE SBA REMITS THE BORROWER'S LOAN FORGIVENESS AMOUNT TO THE BANK. THE EIGHT-WEEK COVERED PERIOD ENDED AS OF JUNE 18, 2020. URBAN TEACHERS MAINTAINED ITS FTE LEVELS AND RELATED PAYROLL COSTS LEVEL AND SPENT APPROXIMATELY $1,600,000 ON QUALIFYING EXPENSES DURING THIS PERIOD. URBAN TEACHERS ELECTED TO FOLLOW FASB ASC 958-605 AND TREATED THE LOAN AS A CONDITIONAL GRANT DURING THE YEAR ENDED JUNE 30, 2020. BASED ON THE ACCOUNTING GUIDANCE AND THE FACT THAT URBAN TEACHERS MET THE CONDITIONS FOR FORGIVENESS DURING THE EIGHT-WEEK PERIOD, $1,577,159 WAS RECOGNIZED IN GRANT REVENUE FOR THE YEAR ENDED JUNE 30, 2020. THE REMAINING LOAN AMOUNT OF $426,076 IS RECORDED AS A REFUNDABLE ADVANCE AS OF JUNE 30, 2020. URBAN TEACHERS SUBMITTED THEIR FORGIVENESS APPLICATION IN 2021 AND RECEIVED APPROVAL AND SUBSEQUENT FORGIVENESS FROM THE SBA AND LENDER ON APRIL 15, 2021. URBAN TEACHERS DETERMINED THAT IT ADHERED TO THE REQUIREMENTS OF THE PPP. AS A RESULT, THE DEBT WAS FORGIVEN BY THE SBA AND THE REMAINING LOAN AMOUNT OF $426,076 WAS RECOGNIZED AS REVENUE WITHOUT DONOR RESTRICTIONS ON THE STATEMENT OF ACTIVITIES AS OF JUNE 30, 2021. THE LOAN IS SUBJECT TO AUDIT BY THE SBA FOR A PERIOD OF SIX YEARS FOLLOWING FORGIVENESS. X X X 1 0 0 0 0 0 0 0 0 PETER SHULMAN PRESIDENT & CEO 237550 0 0 0 0 0 5783 0 7726 0 251059 0 0 0 FRANK BONANNO TREASURER & CFO (THRU 4/16/21) 198331 0 0 0 0 0 4706 0 560 0 203597 0 0 0 JACQUELINE GREER CHIEF PROGRAM OFFICER 174667 0 0 0 0 0 2045 0 7901 0 184613 0 0 0 ROXANNE WHITE CHIEF ACADEMIC OFFICER 168694 0 0 0 0 0 3664 0 5378 0 177736 0 0 0 CHARELLE JAMES EXECUTIVE DIRECTOR, BALTIMORE 153430 0 0 0 0 0 375 0 9956 0 163761 0 0 0 EMILY GARCIA EXEC DIR, DFW (THRU 5/19/21) 142422 0 0 0 0 0 2871 0 9444 0 154737 0 0 0 ROBERT SIMMONS EXECUTIVE DIRECTOR, BEI 145116 0 0 0 0 0 0 0 7938 0 153054 0 0 0 ELINOR TAPPE FORMER CHIEF DEV OFFICER (THRU 5/1/2 79315 0 0 0 33615 0 0 0 2118 0 115048 0 0 0 PART I, LINE 4A ELINOR TAPPE RECEIVED A SEVERANCE PAYMENT DURING THE CALENDAR YEAR. THE PAYMENT IS INCLUDED IN PART VII, COLUMN D, AND SCHEDULE J, PART II, COLUMN BIII. THE TERMS AND CONDITIONS OF THE CONFIDENTIAL SEVERANCE AGREEMENT ARE AVAILABLE TO THE INTERNAL REVENUE SERVICE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE DRAFT 990 IS DISTRIBUTED TO THE BOARD MEMBERS FOR REVIEW BEFORE THE RETURN IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS, AND MEMBERS OF A COMMITTEE WITH BOARD DELEGATED POWERS MUST FOLLOW THE CONFLICT OF INTEREST POLICY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. ALL EMPLOYEES MUST COMPLETE A CONFLICT OF INTEREST STATEMENT UPON HIRE AND UPDATE THE STATEMENT AT LEAST ONCE A YEAR. EMPLOYEES MUST IMMEDIATELY NOTIFY THE URBAN TEACHERS CHIEF EXECUTIVE OFFICER OF ANY MATTERS THAT MAY RESULT IN REAL OR APPARENT CONFLICTS OF INTEREST BY SUBMITTING A CONFLICT OF INTEREST STATEMENT TO THEIR SUPERVISOR. FORM 990, PART VI, SECTION B, LINE 15 WHEN THE EXECUTIVE DIRECTOR WAS INITIALLY HIRED, THE ORGANIZATION PREPARED A COMPARISON OF NON-PROFIT EXECUTIVE DIRECTOR COMPENSATION RATES REGIONALLY AND AT EDUCATION NON-PROFITS NATIONALLY. ADDITIONALLY, THE COMPENSATION WAS REVIEWED BY THE ORGANIZATION'S INITIAL VENTURE FUNDERS BEFORE THEY MADE AN INVESTMENT IN UTC. ON AN ANNUAL BASIS THE BOARD REVIEWS AND DOCUMENTS THE EXECUTIVE DIRECTOR'S PERFORMANCE AND MAKES ADJUSTMENTS TO THE OFFICER'S COMPENSATION FOR BOTH PERFORMANCE AND COST OF LIVING REASONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST, FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).