2021-04-13T09:00:48-05:00 2020-05-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2019-06-01 133541913 Teach for America Inc TEAC 2122792080 25 Broadway 12th Floor New York NY 10004 Joshua Griggs EVP, TALENT, OPERATIONS & CFO 2021-04-13 true Nicole Bencik P00756195 3128997000 2019 2022-09-23 18:48:47Z Elisa Villanueva Beard 25 Broadway 12th Floor New York NY 10004 333643159 false X www.teachforamerica.org X 1989 CT Children growing up in historically marginalized and disenfranchised communities lack access to a broad spectrum of resources and opportunities, and attend schools that are not equipped to meet their unmet needs. To address this, TFA's mission is to find, develop, and support a diverse network of leaders committed to expanding opportunity for children from classrooms, schools, and every sector and field that shapes the broader systems in which schools operate. TFA does this by finding promising leaders; developing and cultivating the leadership skills and mindsets necessary for systems change through classroom teaching; and supporting the individual and collective leadership, relationships, and learning of those in the TFA network throughout their lifetime. 14 13 4585 55700 78279 -2625 294544810 243222144 23612050 23334112 6237774 7064616 -308643 -2717 324085991 273618155 13552971 13782302 0 0 193876782 198365227 0 0 29082585 80530300 76427315 287960053 288574844 36125938 -14956689 460149310 456147778 60028609 49850282 400120701 406297496 X Children growing up in historically marginalized and disenfranchised communities lack access to a broad spectrum of resources and opportunities and attend schools that are not equipped to meet their unmet needs. To address this, TFA's mission is to find, develop, and support a diverse network of leaders committed to expanding opportunity for children from classrooms, schools, and every sector and field that shapes the broader systems in which schools operate. TFA does this by finding promising leaders; developing and cultivating the leadership skills and mindsets necessary for systems change through classroom teaching; and supporting the individual and collective leadership, relationships, and learning of those in the TFA network throughout their lifetime. false false 95728075 2249413 0 Corps Member Professional Development and Other - TFA develops and cultivates the leadership skills and mindsets necessary for systems-change through classroom teaching. TFA regional staff, in partnership with national support teams, are responsible for coaching corps members, monitoring progress throughout their two-year commitment, providing ongoing professional development, and connecting corps members to the broader network. 54330712 4138396 23689231 Corps Member Recruitment, Selection and Placement - TFA recruits outstanding and diverse leaders early in their careers, who have demonstrated evidence of the values and leadership necessary to expand opportunity and access for all children inside and outside of the classroom. Major activities include on and off campus recruiting events, processing applications, and conducting interviews, and strategically placing applicants to regions that best match qualifications and preferences. In 2020, TFA placed corps members in 50 urban and rural regions throughout the United States and provided assistance through a need based financial aid program to support them with their moves to these regions. 34134768 485721 0 Pre-Service Institute - TFA provides intensive summer training for incoming corps members, led by staff and in partnership with local public school districts. In Summer 2019, approximately 3,100 corps members were trained at one of our four institute sites run by the national organization: Atlanta (GA), Houston (TX), Philadelphia (PA), and Tulsa (OK) or at one of our 16 regional training sites: Bay Area, Chicago - Northwest Indiana, Dallas - Fort Worth, Delta (rural region collective), Detroit, Eastern North Carolina, Houston, Las Vegas Valley, Los Angeles (regional collective), Massachusetts, Memphis, Miami (regional collective), Milwaukee, Nashville, New York, and Phoenix. 31087020 6908772 0 Alumni Affairs - As their careers take shape, TFA helps alumni connect with each other and with high-impact opportunities to continue to grow and learn in pursuit of collective impact. These activities focus on information/knowledge dissemination and networking, as well as leadership development in specific programmatic areas: classroom practice, school leadership, school systems leadership, policy/organizing work, and social entrepreneurship. In 2020, nearly two thirds of our 55,700 alumni were employed as teachers, school principals, superintendents or in other education-related roles, while the other third worked across multiple sectors. 31087020 6908772 215280575 true true false true false false false true true true false false false true true true false false false false false false false true false false true true true false false false false false false false false true false false false false false false false false true 2859 0 true 4585 true true true false false false false true true false false false false false false X 14 13 false false false false false false false true true false false true true true true true true true true false CA FL GA AL HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA AR WV WI X X Joshua Griggs 2122792080 25 Broadway 12th Floor New York NY 10004 Elisa Villanueva Beard DIRECTOR/OFFICER-CEO 58.0 X X 478737 0 39929 Greg Penner DIRECTOR/Treasurer (through 9/30/19) 1.0 X X 0 0 0 Meg Whitman Chair 1.0 X X 0 0 0 Susan McCaw Director (until 9/30/19), DIRECTOR/Treasurer (beginning 10/1/19) 1.0 X X 0 0 0 Dan Porterfield Director 1.0 X 0 0 0 David Kenny DIRECTOR 1.0 X 0 0 0 Jose Villarreal Director (through 12/15/2019) 1.0 X 0 0 0 Kaya Henderson Director 1.0 X 0 0 0 Ken Mehlman Director 1.0 X 0 0 0 Kevin Huffman Director 1.0 X 0 0 0 Lindy Schumacher Director (started 5/6/20) 1.0 X 0 0 0 Linnea Conrad Roberts Director 1.0 X 0 0 0 Nancy Peretsman Director 1.0 X 0 0 0 Olivia Walton Director (started 5/6/20) 1.0 X 0 0 0 Pamela Carter Director (started 9/24/19) 1.0 X 0 0 0 Wendy Kopp FOUNDER/Director (through 12/15/2019) 1.0 X 0 0 0 William Haslam Director (started 9/24/19) 1.0 X 0 0 0 Joshua Griggs EVP, Talent, Operations and CFO 58.0 X 340176 0 35353 Tracy-Elizabeth Clay SVP,GENERAL COUNSEL & CHIEF RISK/COMPLIANCE OFFICER, SECRETARY 51.0 X 247983 0 37553 Joshua P Anderson EVP, Chief External Officer 59.0 X 319346 0 22499 Susan Asiyanbi EVP, Chief Transformation Officer 60.0 X 407207 0 23534 Fatimah Burnam SVP, Office of Transformation 49.0 X 253983 0 41179 Michelle Culver SVP, Regional Field Executive 60.0 X 266281 0 39302 Paul Keys Executive Director 59.0 X 298338 0 23585 Sandeep Chellani SVP, IT & Chief Information Officer 47.0 X 259824 0 16608 Whitney Petersmeyer SVP, Marketing & Communications (through 12/9/19), SVP, Strategy (starting 12/10/19) 60.0 X 245366 0 32906 3117241 0 312448 396 false true false Acronym Media Inc 350 5th Avenue Suite 6520 New York NY 10118 Online Marketing Portfolio Analytics 1158640 Relay Graduate School of Education 25 Broadway 3rd Floor New York NY 10004 Teacher Training 937455 MDRC 200 Vesey Street 23rd Floor New York NY 10281 Professional Service - Program Evaluation 740810 CBRE INC PO Box 406588 Atlanta GA 303846588 Sublease Broker Service 700995 Blue State Digital Inc 101 Avenue of Americas 12th Floor New York NY 10013 Website Development 631666 32 34343 10009702 48767046 184411053 10145809 243222144 SERVICE FEES REVENUE 611710 23072372 23072372 PUBLICATION REVENUE 900099 194025 194025 REG/CERTIFICATION FEES 611710 67715 67715 0 0 0 0 23334112 7086522 7086522 964 964 2618601 2618601 0 0 0 0 56744325 56616782 149449 127543 -149449 -21906 -21906 203093 10009702 640172 -437079 -437079 Purchasing Rebate 900099 178935 178935 Liability Write-off 900099 153370 153370 IT Services 900099 78279 78279 22814 22814 0 0 433398 273618155 23689231 78279 6628501 5108566 5108566 8673736 8673736 0 0 1924596 1401646 285258 237692 160442320 116847009 23780322 19814989 5430598 3954999 804908 670691 18353793 13366709 2720349 2266735 12213920 8895159 1810314 1508447 466937 273094 144404 49439 134776 78825 41681 14270 1156945 1156945 1805 1805 11733250 7539006 2829442 1364802 4469452 3836070 186440 446942 7055387 4506379 2247238 301770 3433744 1857746 1440651 135347 15511774 12646809 2207365 657600 22204429 20163804 1049562 991063 1612629 1464426 76226 71977 357302 134385 160551 62366 5166239 2634931 2378627 152681 559229 210332 251286 97611 UBI Tax 27046 10172 12153 4721 BAD DEBT EXPENSE 610895 465921 144974 MISCELLANEOUS EXPENSES 662330 566897 39521 55912 SUBSCRIPTIONS & DUES 1075083 573220 357158 144705 188063 70734 84504 32825 288574844 215280575 44211684 29082585 21365351 31414129 55366186 3943646 45196546 50076346 556741 494847 0 0 0 0 10731 49396 5918626 4114970 62915753 44476803 18244136 18438950 306663253 339753752 0 4308646 3068200 2519094 4793542 460149310 456147778 37310952 35588493 11729399 3124316 8000 8000 0 0 10980258 11129473 60028609 49850282 X 172430100 169139129 227690601 237158367 400120701 406297496 460149310 456147778 X -14956689 21120978 126071 -113565 X false true X true true true X 271486327 245190571 235973769 294544810 243222144 1290417621 0 0 271486327 245190571 235973769 294544810 243222144 1290417621 179543964 1110873657 4003233 5802691 7453663 9348360 9706087 36314034 0 580852 640067 590994 1125040 558212 3495165 1330226820 187347353 0.8351 0.867 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - PURCHASING CARD REBATE, COLUMN A - 45262.0, COLUMN B - 14843.0, COLUMN C - , COLUMN D - 128694.0, COLUMN E - 178935.0, COLUMN F - 367734.0; DESCRIPTION - OTHER INCOME, COLUMN A - , COLUMN B - , COLUMN C - 47789.0, COLUMN D - 9997.0, COLUMN E - 22814.0, COLUMN F - 80600.0; DESCRIPTION - OTHER EVENTS, COLUMN A - 30890.0, COLUMN B - 24323.0, COLUMN C - 800.0, COLUMN D - , COLUMN E - , COLUMN F - 56013.0; DESCRIPTION - COMMISSIONS, COLUMN A - 30000.0, COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - 30000.0; DESCRIPTION - EMPLOYEE SETTLEMENT, COLUMN A - 74000.0, COLUMN B - 772.0, COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - 74772.0; DESCRIPTION - RECOVERY OF LIABILITY, COLUMN A - 10285.0, COLUMN B - 2023.0, COLUMN C - , COLUMN D - , COLUMN E - 153370.0, COLUMN F - 165678.0; DESCRIPTION - INSURANCE REIMBURSEMENT FOR LEGAL FEES, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - 306069.0, COLUMN E - , COLUMN F - 306069.0; DESCRIPTION - GROSS INCOME FROM FUNDRAISING, COLUMN A - 390415.0, COLUMN B - 598106.0, COLUMN C - 542405.0, COLUMN D - 680280.0, COLUMN E - 203093.0, COLUMN F - 2414299.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false true 29318 false false true 1427886 false false 1457204 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY On a state level, local advisory board members, paid staff or management had direct contact with state legislators, their staff and members of state executive branch agencies in support of state appropriations for Teach For America's in-state operations through regular state budget processes. In addition, regional staff also worked for the passage of various pieces of legislation which would impact Teach For America's ability to operate in a given community including the passage of alternative certification legislation and legislation permitting Teach For America to be recognized by the state as an alternative pathway to teach licensure. Teach For America has used consultants at the state level to provide lobbying services, such as bill and regulation tracking on matters, including but not limited to, teacher certification and state funding. At the federal level, Teach For America staff interfaced with Members of Congress, their personal and committee staff, and key members of the President's Administration and federal agencies, to advocate for legislation and regulations that would support Teach For America and the constituencies we serve. false true X 238782917 100000 20590992 651539 1805 258820565 236669182 2116344 2609 238782917 207651975 29194652 177445 236669182 176617046 31035773 844 207651975 179896330 -3278440 844 176617046 0.3016 0.4531 0.2453 false false 536252 78084 458168 19247883 8938719 10309164 43049751 35384167 7665584 81867 75833 6034 18438950 Deferred Rent Payable 10816569 Other Liabilties 291446 Capital Lease Obligation 21458 11129473 X 298193342 21120978 126071 0 21247049 276946293 1805 -3329943 -3328138 273618155 292016547 3443508 3443508 288573039 1805 0 1805 288574844 Schedule D, Part IV, Line 2b Explanation of escrow agreement TEACH FOR AMERICA HELD A SECURITY DEPOSIT FROM A SUBLEASE TENANT FROM IN ITS DC OFFICE IN THE AMOUNT OF $8,000. THIS AMOUNT IS RECORDED AS A LIABILITY ON TEACH FOR AMERICA'S BALANCE SHEET. Schedule D, Part V, Line 4 Intended uses of endowment funds Teach For America's endowment is intended to provide a continuous source of funding to support the institution's primary educational and social mission. The endowment's principal is intended to be left untouched, while its earnings are used to fund various organization programs (and grants). Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote TFA follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. TFA is exempt from federal income tax under IRC section 501(c)(3), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. TFA has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated business income; to determine its filing and tax obligations in jurisdictions for which it was nexus; and to identify and evaluate other matters that may be considered tax positions. TFA has determined that there are no material uncertain tax positions that require recognition or disclosure in the accompanying financial statements. In addition, TFA has not recorded a provision for income taxes as it has no material tax liability from unrelated business income activities. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements RECLASS IT SERVICES TO PART VIII, LINE 11 - 78279 RECLASS FUNDRAISING EXPENSES TO PART VIII, LINE 8B - -640172 RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B - -2618601 RECLASS LOSS ON DISPOSAL TO PART VIII, LINE 7 - -149449 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B - 2618601 RECLASS LOSS ON DISPOSAL - 149449 LOSSES ON UNCOLLECTIBLE PLEDGES - 113565 RECLASS IT SERVICES TO PART VIII, LINE 11 - -78279 RECLASS FUNDRAISING EXPENSES TO PART VIII, LINE 8B - 640172 New York Annual Benefit Dinner 3736669 3736669 0 Chicago 2019 Benefit Dinner 1760202 1760202 0 1265 24500 15 4715924 4512831 203093 104353 373556 47840 88658 10212795 10009702 203093 105618 398056 47840 88658 640172 -437079 true Leadership For Educational Equity Foundation 1805 7th Street NW Washington DC 20001 462093041 501(c)(3) 4800000 The purpose of this grant is to assist LEE member growth and engagement. To grow overall membership base by an additional 3,500 Teach For America alumni and corps members. At the time of the grant, there are over 43,410 LEE members. LEE planned to grow to 47,000 members across the US and aimed to attract more than 65% of Teach For America corps members and alumni by 2020. LEE also planned to grow number of LEE members to include an additional 80 senior leaders in senior policy, advocacy and organizing leaders, as well as double the number of LEE members who participate in regional workshops and fellowships. City and County of San Francisco Finance Corporation One South Van Ness Ave 4th Floor San Francisco CA 94103 943137786 501(c)(4) 143267 The purpose of this grant is to provide an employee to serve as liaison with TFA ("Placement Liaison"). Provide information to the Fish Fellow regarding the requirements for and responsibilities of serving the Fish Fellow. Provide Fish Fellow with an experience that will last one year, with working totaling approximately 40 hours per week. Provide planed and supervised opportunities for Fish Fellow to perform tasks to acquire and practice various skills, primarily in the focus areas listed above. Develop and implement project descriptions for Fish Fellow. Provide Fish Fellow with professional development and training, relevant to the project work as required by the Fair Labor Standards. Ensure that Fish Fellow are properly and adequately supervised by a Placement Partner employee. Provide Fish Fellow a proper work space, as appropriate to the fellow position. Delaware Community Foundation 100 W 10th St Suite 115 Wilmington DE 19801 222804785 501(c)(3) 97500 The purpose of this grant is to support the program called Lead for Delaware, which support principal certification. Edgecombe County Public Schools 2311 N Main Street Tarboro NC 27866 566001023 501(c)(3) 42500 The purpose of this grant is to support to build staff capacity, promote student-led innovation, and support TFA alumni innovation work in Edgecombe County, NC. Transcend Inc 689 Douglass Street San Francisco CA 94114 300878820 501(c)(3) 25000 Transcend and TFA's Systems Learning Lab Reinvention Unit have launched a new partnership designed to spark new interest & understanding in school redesign and prepare a leadership force to take on this work. This contract covers the costs of scoping the work, planning and testing prototypes, creation of new content and developing partnership culture & infrastructure. 4 1 Corp Member/Alumni Awards 745 1447322 0 N/A N/A Corp Member/Alumni Certification Expense 4088 426027 0 N/A N/A Corp Member/Background Check 819 22906 0 N/A N/A Corp Member/Alumni Fellowship 466 1298124 0 N/A N/A Corp Member/Alumni Financial Aid 2336 4893122 0 N/A N/A Corp Member/Alumni Student Assessment Testing 48 17322 0 N/A N/A Corp Member/Alumni Professional Development (non-staff) 1599 530274 0 N/A N/A Other Corp Member/Alumni Support 170 34431 4208 FMV Backpacks, schools supplies Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Teach For America provides grants and/or financial aid to corps members who are attending the current year's institute. The organization maintains a listing of the individuals that benefit from the grant, with all required information (E.G. Full Name, Social Security Number and Address). Grants are issued based on the financial need of the recipient and may be used for financial aid while within Institute, certification fees, and textbooks. In addition, Teach for America provides an annual grant to Leadership for Educational Equity Foundation (LEEF) to support its mission of supporting charitable and educational activities to develop policy, advocacy, and organizing leaders and fuel the movement for educational equity. Teach for America requires specific reporting requirements under this LEEF grant to ensure close monitoring of the use of the funds. Teach for America, also closely monitors other domestic organization grants to ensure reporting and compliance within the grant terms and purposes. X X X X false false false false false false false false false Elisa Villanueva Beard DIRECTOR/OFFICER-CEO 474237 0 0 0 4500 0 13500 0 26429 0 518666 0 0 0 Joshua Griggs EVP, Talent, Operations and CFO 337268 0 0 0 2908 0 13500 0 21853 0 375529 0 0 0 Tracy-Elizabeth Clay SVP,GENERAL COUNSEL & CHIEF RISK/COMPLIANCE OFFICER, SECRETARY 247983 0 0 0 0 0 11945 0 25608 0 285536 0 0 0 Susan Asiyanbi EVP, Chief Transformation Officer 407207 0 0 0 0 0 0 0 23534 0 430741 0 0 0 Joshua P Anderson EVP, Chief External Officer 319346 0 0 0 0 0 13350 0 9149 0 341845 0 0 0 Paul Keys Executive Director 297218 0 0 0 1120 0 13500 0 10085 0 321923 0 0 0 Michelle Culver SVP, Regional Field Executive 265865 0 0 0 416 0 13095 0 26207 0 305583 0 0 0 Sandeep Chellani SVP, IT & Chief Information Officer 259824 0 0 0 0 0 12222 0 4386 0 276432 0 0 0 Fatimah Burnam SVP, Office of Transformation 253983 0 0 0 0 0 12442 0 28737 0 295162 0 0 0 Whitney Petersmeyer SVP, Marketing & Communications (through 12/9/19), SVP, Strategy (starting 12/10/19) 244880 0 0 0 486 0 11311 0 21595 0 278272 0 0 0 X 13625 Cost X 104 10093093 Selling cost X 9 18357 Cost X Events, Concerts, Museum Tickets 16 1146 Cost X Flight tickets 1 16725 Cost X Event supplies 20 2863 Cost 0 false true false Schedule M, Part I COLUMN B THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B) OF SCHEDULE M. Form 990, Part III, Line 4d Description of other program services (Expenses $ 31,087,020 including grants of $ 6,908,772)(Revenue $ 0) Alumni Affairs - As their careers take shape, TFA helps alumni connect with each other and with high-impact opportunities to continue to grow and learn in pursuit of collective impact. These activities focus on information/knowledge dissemination and networking, as well as leadership development in specific programmatic areas: classroom practice, school leadership, school systems leadership, policy/organizing work, and social entrepreneurship. In 2020, nearly two thirds of our 55,700 alumni were employed as teachers, school principals, superintendents or in other education-related roles, while the other third worked across multiple sectors. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Board of Directors has designated an Executive Committee which mainly handles CEO performance and compensation reviews. The executive committee is comprised of the Board Chair and the chairs of the Finance, Audit, and Governance Committees. Form 990, Part VI, Line 11b Review of form 990 by governing body Teach For America's form 990 was prepared and reviewed by management. TFA's independent accounting firm also 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 received a copy of the 990 Form via email before the 990 form was officially filed with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy Teach For America, Inc. requires each officer, director, or key employee annually (1) to review the Conflict of Interest Policy; (2) to disclose any possible personal, family, or business relationship that reasonably could give rise to a conflict of interest or the appearance of a conflict of interest; and (3) to acknowledge by his or her signature that he or she is acting in accordance with the letter and spirit of such Policy. When a Covered Person becomes aware of a proposed Covered Transaction, he or she shall have a duty to take the following actions: (a) immediately disclose the existence and circumstances of such Covered Transaction to the Chair (in the case of officers and key employees other than the Chair) or to the Board of Directors of the Organization (the "Board") or applicable committee thereof (in the case of directors and the Chair); (b) refrain from using his or her personal influence to encourage the Organization to enter into the Covered Transaction; and (c) physically excuse himself or herself from participation in any discussions regarding the Covered Transaction with officers, directors, and employees of the Organization, except to respond to requests for information. Conflicts of interest are administered by the board of Directors, or any applicable committee thereof, with the assistance of the Board chair, and are responsible for reviewing the annual disclosures and receiving disclosures of proposed covered transactions, reviewing proposed covered transactions and determining if an actual conflict of interest exists. The board documents their review of each declaration in the minutes of the meeting at which the covered transaction is covered. Documentation also includes the basis for the final determination and resolution for each covered transaction. If the final determination was accomplished by action of a Board committee or the Board chair, a report to the Board of Directors is conducted regarding any covered transaction approved in accordance with the conflicts of interest policy. Form 990, Part VI, Line 15a Process to establish compensation of top management official Teach For America, Inc. uses independent compensation consultants to ensure that the salary set for the CEO is appropriate. CEO compensation is approved by the executive committee of the board. Documentation provided to the committee before voting on CEO compensation includes current salary, benchmarked market data, salary recommendations for the upcoming year, and alternative options for potential salary increases. The compensation setting process, as outlined above, was last performed for Elisa Villanueva Beard, CEO, during the period beginning in March 2019 and concluding in June 2019. For 2020, due to uncertainties related to COVID and based on the financial impact to the overall budget, it was recommended and approved that no salary increases would be offered. Form 990, Part VI, Line 15b Process to establish compensation of other employees Teach For America, Inc. uses independent compensation consultants to ensure that the salaries for the management team members and other key officers are appropriate and in line with those of comparable organizations. Each year, the Total Rewards team recommends baseline adjustments to the Management Team based on market research. Once approved, any financial impact is included in the overall budget recommended to the finance committee and then approved by the board. The compensation setting process, as outlined above, was last performed during the period beginning in March 2019 and concluding in June 2019 for the following staff members: Susan Asiyanbi, Joshua Griggs, Joshua Anderson, Laura Saldivar Luna and Heather Tow-Yick. For 2020, due to uncertainties related to COVID and based on the financial impact to the overall budget, it was recommended and approved that no salary increases would be offered. Form 990, Part VI, Line 19 Required documents available to the public Teach For America makes its form 990 available to public by retaining a copy at its place of business. The form 990 is likewise published on the internet at www.guidestar.org and at www.teachforamerica.org. Teach For America also publishes its financial statements on its website. The organization's governing documents and legal attachments, Form 1023 and the conflict of interest policy are available to the public if requested. Form 990, Part VIII, Line 2a FEES FOR SERVICES REVENUE Teach For America has contractual agreements with various school districts across the United States of America to recruit, select, train, and place corps members to teach within their school districts. Teach For America recognizes revenue related to these contractual agreements as earned, that is, when the corps member is placed. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue OTHER INCOME - Total Revenue: 22814, Related or Exempt Function Revenue: 22814, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances LOSSES ON UNCOLLECTIBLE PLEDGES - -113565; Form 990, Part XII, Line 2c CHANGE OF OVERSIGHT PROCESS OR SELECTION PROCESS The organization's governing body has a committee charged with oversight of the audit of the organization's financial statements. The committee's process for oversight of the audit, performed by an independent accounting firm, has not changed for the reporting year.