2019-04-10T09:16:37-05:00 2018-05-31 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2017-06-01 133541913 TEACH FOR AMERICA INC TEAC 2122792080 25 BROADWAY 12TH FLOOR NEW YORK NY 10004 JOSHUA GRIGGS EVP, TALENT, OPERATIONS, & CFO 2122792080 2019-04-10 1 GARRETT M HIGGINS P00543209 9143818900 2019-03-21 4.15.211.182 2019-04-10 08:41:46 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C5C0E2060BEB3F24671B5CC0358F632D6B4109AD 2017 2019-02-21 02:37:17Z ELISA VILLANUEVA BEARD 25 BROADWAY 12TH FLOOR NEW YORK NY 10004 337703795 0 X WWW.TEACHFORAMERICA.ORG X 1989 CT TEACH FOR AMERICA FINDS, DEVELOPS, AND SUPPORTS A DIVERSE NETWORK OF LEADERS WHO EXPAND OPPORTUNITY FOR CHILDREN FROM CLASSROOMS, SCHOOLS, AND EVERY SECTOR AND FIELD THAT SHAPES THE BROADER SYSTEMS IN WHICH SCHOOLS OPERATE. 20 18 4779 49500 92898 309798 245190571 235973769 23841949 23601646 4789818 5699846 -941343 -1276345 272880995 263998916 13920194 15361484 0 0 191821046 191054269 0 0 29552235 81391344 78043744 287132584 284459497 -14251589 -20460581 420050412 436749428 60410093 70025298 359640319 366724130 X TEACH FOR AMERICA FINDS, DEVELOPS, AND SUPPORTS A DIVERSE NETWORK OF LEADERS WHO EXPAND OPPORTUNITY FOR CHILDREN FROM CLASSROOMS, SCHOOLS, AND EVERY SECTOR AND FIELD THAT SHAPES THE BROADER SYSTEMS IN WHICH SCHOOLS OPERATE. 0 0 98982315 2717882 CORPS MEMBER PROFESSIONAL DEVELOPMENT AND OTHER:TEACH FOR AMERICA PLACES CORPS MEMBERS IN VARIOUS URBAN AND RURAL REGIONS THROUGHOUT THE UNITED STATES. IN EACH REGION, TFA HAS REGIONAL OFFICES, WHICH ARE RESPONSIBLE FOR PLACING CORPS MEMBERS IN SCHOOLS, MONITORING PROGRESS THROUGHOUT THEIR TWO-YEAR COMMITMENT, PROVIDING OPPORTUNITIES FOR ONGOING LEADERSHIP AND/OR EDUCATOR PROFESSIONAL DEVELOPMENT, AND HELPING CORPS MEMBERS TO FEEL PART OF A NATIONAL CORPS. 55087526 4988945 23415992 CORPS MEMBER RECRUITMENT, SELECTION, AND PLACEMENT:TFA RECRUITS AND SELECTS A TEACHING CORPS OF OUTSTANDING COLLEGE GRADUATES TO TEACH THE NATION'S MOST UNDERSERVED STUDENTS. THE RECRUITMENT AND SELECTION PROCESS INCLUDES SCHEDULING AND ATTENDING ON- AND OFF-CAMPUS RECRUITING EVENTS, PROCESSING APPLICATIONS, AND CONDUCTING DAY-LONG INTERVIEW SESSIONS IN MULTIPLE SITES ACROSS THE COUNTRY. TFA PLACES CORPS MEMBERS IN VARIOUS URBAN AND RURAL REGIONS THROUGHOUT THE UNITED STATES AND PROVIDES ASSISTANCE TO THE CORPS MEMBERS THROUGH A NEED BASED FINANCIAL AID PROGRAM TO SUPPORT THEM WITH THEIR MOVES TO THESE REGIONS. 37440846 303712 PRE-SERVICE INSTITUTE:TFA CONDUCTS INTENSIVE SUMMER TRAINING INSTITUTES LED BY ITS STAFF AND IN CONJUNCTION WITH LOCAL PUBLIC SCHOOL DISTRICTS AS PART OF TEACHER PREPARATION FOR INCOMING CORPS MEMBERS. IN SUMMER 2017, NEARLY 3,600 CORPS MEMBERS WERE TRAINED AT ONE OF OUR FIVE INSTITUTE SITES RUN BY THE NATIONAL ORGANIZATION: ATLANTA (GA), HOUSTON (TX), PHILADELPHIA (PA), PHOENIX (AZ), AND TULSA (OK) OR AT ONE OF OUR 13 TRAINING SITES RUN BY REGIONS: BAY AREA, CHICAGO NORTHWEST INDIANA, DALLAS FORT WORTH, DELAWARE, DELTA (RURAL REGION COLLECTIVE), EASTERN NORTH CAROLINA, MASSACHUSETTS, MEMPHIS, MIAMI - DADE, MILWAUKEE, NASHVILLE, NEW YORK, AND ST. LOUIS. 36144836 7350945 189210 ALUMNI AFFAIRS: TFA HAS AN ALUMNI BASE OF FORMER CORPS MEMBERS ALL OVER THE WORLD. THESE INDIVIDUALS PRESENT A POWERFUL OPPORTUNITY TO CONTINUE TO EXPAND EDUCATIONAL OPPORTUNITY. TFA ENGAGES IN ACTIVITIES THAT SUPPORT AND ENCOURAGE ALUMNI TO CONTINUE TO WORK IN EDUCATION AND ACROSS SECTORS TO ADDRESS ISSUES NEGATIVELY IMPACTING LOW INCOME COMMUNITIES- MOST NOTABLY FOCUSED ON INFORMATION/KNOWLEDGE DISSEMINATION AND NETWORKING. TFA ALSO SUPPORTS ALUMNI VIA ACTIVITIES INTENDED TO DEVELOP ALUMNI IN LEADERSHIP PRACTICE AND/OR SPECIFIC PROGRAMMATIC AREAS: CLASSROOM PRACTICE, SCHOOL LEADERSHIP, SCHOOL SYSTEMS LEADERSHIP, POLICY/ORGANIZING WORK, AND SOCIAL ENTREPRENEURSHIP. 36144836 7350945 189210 227655523 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3435 0 4779 1 1 1 0 0 0 0 1 1 0 0 0 0 X 20 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X X X JOSHUA GRIGGS EVP TALENTOPERATIONS & CFO 2122792080 25 BROADWAY 12TH FLOOR NEW YORK NY 10004 X STEPHEN F MANDEL JR CHAIR 1.00 X X 0 0 0 BEVERLY DANIEL TATUM PHD VICE CHAIR 1.00 X X 0 0 0 PAUL FINNEGAN TREASURER 1.00 X X 0 0 0 WENDY KOPP FOUNDER/ DIRECTOR 10.00 X 136879 0 0 THOMAS H CASTRO DIRECTOR 1.00 X 0 0 0 RANDALL H HARBERT DIRECTOR 1.00 X 0 0 0 KAYA HENDERSON DIRECTOR 1.00 X 0 0 0 KEVIN HUFFMAN DIRECTOR UNTIL OCT. 2017/EVP,CHIEF EXTERNAL OFFICER 30.00 X 32762 0 4733 DAVID KENNY DIRECTOR 1.00 X 0 0 0 JOEL KLEIN DIRECTOR 1.00 X 0 0 0 MICHAEL LOMAX PHD DIRECTOR 1.00 X 0 0 0 KEN MEHLMAN DIRECTOR 1.00 X 0 0 0 RICHARD D PARSONS DIRECTOR 1.00 X 0 0 0 GREG PENNER DIRECTOR 1.00 X 0 0 0 NANCY PERETSMAN DIRECTOR 1.00 X 0 0 0 LINNEA CONRAD ROBERTS DIRECTOR 1.00 X 0 0 0 LAWRENCE SUMMERS DIRECTOR 1.00 X 0 0 0 JOSE VILLARREAL DIRECTPR 1.00 X 0 0 0 GREGORY W WENDT DIRECTOR 1.00 X 0 0 0 MEG WHITMAN DIRECTOR 1.00 X 0 0 0 ELISA VILLANUEVA BEARD CEO 65.00 X X 451807 0 42029 JOSHUA GRIGGS EVP, TALENT, OPERATIONS & CFO 61.00 X 321214 0 35134 TRACY-ELIZABETH CLAY SVPLEGAL AFFAIRS/GENERAL COUNSEL/SECRETARY 50.00 X 228926 0 29815 SUSAN ASIYANBI EVP, CHIEF OPERATING OFFICER 65.00 X 367142 0 8387 ERIC SCROGGINS EVP CHIEF PROGRAM & STRATEGY OFFICER UNTIL DEC. 2017 50.00 X 326362 0 24609 PAUL KEYS EXECUTIVE DIRECTOR 60.00 X 291744 0 21630 JOSHUA P ANDERSON SVP, RECRUITMENT & ADMISSIONS 60.00 X 260404 0 21050 MICHELLE CULVER SVP, REGIONAL FIELD EXECUTIVE 53.00 X 252791 0 37001 SANDEEP CHELLANI SVP IT & CHIEF INFORMATION OFFICER 48.00 X 241365 0 13347 FATIMAH BURNAM SVP EXECUTIVE LEADERSHIP & LEARNING 53.00 X 236068 0 40518 3147464 0 278253 346 0 1 0 DELOITTE CONSULTING LLP 4022 SELLS DRIVE HERMITAGE TN 37076 PROJECT MANAGER & CONSULTING SERVICES 1911217 WORKDAY INC 6230 STONERIDGE MALL RD PLEASANTON CA 94588 IT CONSULTING AND SOFTWARE SERVICES 1035639 GRINDER TABER AND GRINDER INC 1919 LYNNFIELD ROAD MEMPHIS TN 38119 CONSTRUCTION SERVICES 680392 MDRC 16 EAST 34TH ST NEW YORK NY 10016 STUDY & IMPLEMENTATION/EVALUATION SERVIC 426989 WESTAT INC PO BOX 1004 ROCKVILLE MD 20850 EVALUATION SERVICES 401386 21 X 190743 11945173 39835621 184002232 11377856 235973769 SERVICE FEES REVENUE 611710 23415992 23415992 PUBLICATION REVENUE 900099 125540 125540 REG/CERTIFICATION FEES 611710 60114 60114 23601646 5647073 5647073 2321 2321 1804269 2156821 -352552 -352552 -352552 69953048 34221 69934496 0 18552 34221 52773 52773 542405 11945173 1613562 -1071157 -1071157 3556 0 3556 3556 IT SERVICES 900099 92898 92898 OTHER INCOMES 900099 47789 47789 OTHER EVENT INCOME 900099 800 800 141487 263998916 23605202 92898 4327047 5121578 5121578 10239906 10239906 2216449 1769927 158716 287806 154264999 123186977 11046687 20031335 5018717 4007652 359383 651682 17460783 13943157 1250341 2267285 12093321 9657016 865985 1570320 1345905 745550 484291 116064 224995 124634 80959 19402 806497 806497 177445 177445 10044898 6011023 3098110 935765 810113 528390 169007 112716 4418181 3310772 718150 389259 8851719 5842082 2498235 511402 15010236 12544780 1694849 770607 25970375 23206217 1451364 1312794 1390345 1242363 77700 70282 179151 132460 17875 28816 6402624 4002494 2162919 237211 592342 437965 59100 95277 UBI TAX 93000 68762 9279 14959 BAD DEBT EXPENSE 969269 903525 24628 41116 MISCELLANEOUS EXPENSES 602087 509273 29932 62882 SUBSCRIPTIONS & DUES 113810 83268 10287 20255 40752 35752 5000 284459497 227655523 27251739 29552235 X 23968136 33148929 53304718 35906496 36309413 36094892 350305 409759 7011810 5205255 75371982 56455355 22565801 18916627 269005282 302067530 4979863 3633034 2555084 1366906 420050412 436749428 35551559 40100565 15547066 19170635 14000 8000 9297468 10746098 60410093 70025298 X 126787463 102551845 115690982 147010411 117161874 117161874 359640319 366724130 420050412 436749428 X -20460581 28868613 -1324221 X X 0 1 X 1 1 1 X 294928420 263854521 271486327 245190571 235973769 1311433608 294928420 263854521 271486327 245190571 235973769 1311433608 73692189 1237741419 4172646 3849156 4003233 5802691 7453663 25281389 10450 10450 161843 153572 190437 41961 48589 596402 1337321849 140400151 0.92550 0.91710 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PURCHASING CARD REBATE - 2013 AMOUNT: $ 2,403. 2014 AMOUNT: $ 81,110. 2015 AMOUNT: $ 45,262. 2016 AMOUNT: $ 14,843. OTHER INCOME - 2013 AMOUNT: $ 61,880. 2017 AMOUNT: $ 47,789. OTHER EVENTS REVENUE - 2013 AMOUNT: $ 85,913. 2014 AMOUNT: $ 53,018. 2015 AMOUNT: $ 30,890. 2016 AMOUNT: $ 24,323. 2017 AMOUNT: $ 800. COMMISSIONS - 2013 AMOUNT: $ 11,647. 2014 AMOUNT: $ 19,444. 2015 AMOUNT: $ 30,000. EMPLOYEE SETTLEMENT - 2015 AMOUNT: $ 74,000. 2016 AMOUNT: $ 772. RECOVERY OF LIABILITY - 2015 AMOUNT: $ 10,285. 2016 AMOUNT: $ 2,023. 1 1 0 1 50593 0 0 1 1278604 0 0 1329197 0 PART II-B, LINE 1: ON A STATE LEVEL, LOCAL ADVISORY BOARD MEMBERS, PAID STAFF OR MANAGEMENT HAD DIRECT CONTACT WITH STATE LEGISLATORS, THEIR STAFF AND MEMBERS OF STATE EXECUTIVE BRANCH AGENCIES IN SUPPORT OF STATE APPROPRIATIONS FOR TEACH FOR AMERICA'S IN-STATE OPERATIONS THROUGH REGULAR STATE BUDGET PROCESSES. IN ADDITION, REGIONAL STAFF ALSO WORKED FOR THE PASSAGE OF VARIOUS PIECES OF LEGISLATION WHICH WOULD IMPACT TEACH FOR AMERICA'S ABILITY TO OPERATE IN A GIVEN COMMUNITY INCLUDING THE PASSAGE OF ALTERNATIVE CERTIFICATION LEGISLATION AND LEGISLATION PERMITTING TEACH FOR AMERICA TO BE RECOGNIZED BY THE STATE AS AN ALTERNATIVE PATHWAY TO TEACH LICENSURE. TEACH FOR AMERICA HAS USED CONSULTANTS AT THE STATE LEVEL TO PROVIDE LOBBYING SERVICES, SUCH AS BILL AND REGULATION TRACKING ON MATTERS, INCLUDING BUT NOT LIMITED TO, TEACHER CERTIFICATION AND STATE FUNDING. AT THE FEDERAL LEVEL, TEACH FOR AMERICA STAFF INTERFACED WITH MEMBERS OF CONGRESS, THEIR PERSONAL AND COMMITTEE STAFF, AND KEY MEMBERS OF THE PRESIDENT'S ADMINISTRATION AND FEDERAL AGENCIES, TO ADVOCATE FOR LEGISLATION AND REGULATIONS THAT WOULD SUPPORT TEACH FOR AMERICA AND THE CONSTITUENCIES WE SERVE. 0 1 X 207651975 29194652 177445 236669182 176617046 31035773 844 207651975 179896330 -3278440 844 176617046 162329225 17567105 179896330 199348112 3000000 19567057 59585944 162329225 0.01890 0.49500 0.48610 0 0 81916 9216 72700 17842345 7337119 10505226 57365854 49087765 8278089 81867 21255 60612 18916627 DEFERRED RENT PAYABLE 10161733 OTHER LIABILITIES 562218 CAPITAL LEASE OBLIGATION 22147 10746098 X 294927723 28868613 173716 2156821 31199150 263728573 177445 92898 270343 263998916 287843912 173716 3481042 3654758 284189154 177445 92898 270343 284459497 PART IV, LINE 2B: 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. 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 MAY BE USED TO FUND VARIOUS ORGANIZATION PROGRAMS (AND GRANTS). PART X, LINE 2: TFA IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. TFA HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT WAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. TFA HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. FORMS 990 AND RELATED STATE RETURNS FILED BY TFA ARE SUBJECT TO EXAMINATION BY THE RESPECTIVE TAXING AUTHORITIES UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. TFA BELIEVES THAT ITS INFORMATIONAL TAX FILINGS FOR YEARS ENDED PRIOR TO 2015 ARE NO LONGER SUBJECT TO EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 2,156,821. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS IT SERVICES TO PART VIII, LINE 11 92,898. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS LOSS ON DISPOSAL 502,965. WRITE-OFF OF UNCOLLECTIBLE REVENUES 821,256. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 2,156,821. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS IT SERVICES TO PART VIII, LINE 11 92,898. NY ANNUAL BENEFIT DINNER 3754191 3644391 109800 197251 174340 CHICAGO BENEFIT DINNER 1725598 1665563 60035 93755 20709 15 7007789 6635219 372570 57533 469108 32195 568671 12487578 11945173 542405 57533 760114 32195 763720 1613562 -1071157 1 LEADERSHIP FOR EDUCATIONAL EQUITY FOUNDATION 1805 7TH STREET NW 8TH FLOOR WASHINGTON DC 20001 462093041 501(C)3 5042000 CHARITABLE & EDUCATIONAL PROGRAMS TO STRENGTHEN INDIVIDUAL & COLLECTIVE LEADERSHIP OF TFA ALUMNI. CITY AND COUNTY OF SAN FRANCISCO 1 DR CARLTON B GOODLETT PLACE SAN FRANCISCO CA 94102 946000417 GOV'T 79578 CHARITABLE AND EDUCATIONAL PROGRAMS 2 0 CORP MEMBER/ALUMNI AWARD 252 384801 CORP MEMBER/ALUMNI CERTIFICATION SUPPORT 5044 512865 CORP MEMBER/ALUMNI COURSEWORK GRANT 98 78320 CORP MEMBER/ALUMNI EDUCATION AWARD 101 561881 CORP MEMBER/ALUMNI FELLOWSHIP 194 1004144 CORP MEMBER/ALUMNI PLACEMENT GRANT 106 136007 CORP MEMBER/ALUMNI STIPEND 127 108032 CORP MEMBER/ALUMNI TRANSITIONAL GRANT 1600 4781519 CORP MEMBER/ALUMNI TUITION 1590 1816203 OTHER CORP MEMBER/ALUMNI SUPPORT 11277 856134 COST FOOD, SUPPLIES, ETC. 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. 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. X X X X X 0 0 0 0 0 0 0 0 0 ELISA VILLANUEVA BEARD CEO 451807 0 0 0 0 0 18000 0 24029 0 493836 0 0 0 JOSHUA GRIGGS EVP, TALENT, OPERATIONS & CFO 321214 0 0 0 0 0 15965 0 19169 0 356348 0 0 0 TRACY-ELIZABETH CLAY SVPLEGAL AFFAIRS/GENERAL COUNSEL/SECRETARY 228926 0 0 0 0 0 11354 0 18461 0 258741 0 0 0 SUSAN ASIYANBI EVP, CHIEF OPERATING OFFICER 367142 0 0 0 0 0 0 0 8387 0 375529 0 0 0 ERIC SCROGGINS EVP CHIEF PROGRAM & STRATEGY OFFICER UNTIL DEC. 2017 326362 0 0 0 0 0 16355 0 8254 0 350971 0 0 0 PAUL KEYS EXECUTIVE DIRECTOR 291744 0 0 0 0 0 14620 0 7010 0 313374 0 0 0 JOSHUA P ANDERSON SVP, RECRUITMENT & ADMISSIONS 260404 0 0 0 0 0 12750 0 8300 0 281454 0 0 0 MICHELLE CULVER SVP, REGIONAL FIELD EXECUTIVE 252791 0 0 0 0 0 12708 0 24293 0 289792 0 0 0 SANDEEP CHELLANI SVP IT & CHIEF INFORMATION OFFICER 241365 0 0 0 0 0 11867 0 1480 0 254712 0 0 0 FATIMAH BURNAM SVP EXECUTIVE LEADERSHIP & LEARNING 236068 0 0 0 0 0 12082 0 28436 0 276586 0 0 0 X 3484 COST X 94 11255064 AVG. SELLING PRICE X 20 22886 COST X TICKETS/MEMBERSHIP 5 44950 COST X FITNESS/ENTERTAINMENT 9 19160 COST X GIFT BASKETS/GIFT CARDS 13 12140 COST X TRAVEL/LODGING VOUCHER 10 10913 COST X CRYPOTOCURRENCY 1 9259 AVG. SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B) OF SCHEDULE M. FORM 990, PART VI, SECTION B, LINE 11B TEACH FOR AMERICA'S FORM 990 WAS PREPARED BY AN INDEPENDENT TAX PREPARER. MANAGEMENT PERFORMED AN IN-DEPTH REVIEW. A COPY OF THE 990 WAS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. THE FULL BOARD RECEIVES A COPY OF THE 990 FORM VIA EMAIL BEFORE THE 990 FORM IS OFFICIALLY FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TEACH FOR AMERICA, INC. REQUIRES EACH OFFICER, DIRECTOR, OR KEY EMPLOYEE ANNUALLY (1) TO REVIEW THE CONFLICT OF INTEREST POLICY; (2) TO DISCLOSE ANY POSSIBLE PERSONAL, FAMILY, OR BUSINESS RELATIONSHIP THAT REASONABLY COULD GIVE RISE TO A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST; AND (3) TO ACKNOWLEDGE BY HIS OR HER SIGNATURE THAT HE OR SHE IS ACTING IN ACCORDANCE WITH THE LETTER AND SPIRIT OF SUCH POLICY. WHEN A COVERED PERSON BECOMES AWARE OF A PROPOSED COVERED TRANSACTION, HE OR SHE SHALL HAVE A DUTY TO TAKE THE FOLLOWING ACTIONS: (A) IMMEDIATELY DISCLOSE THE EXISTENCE AND CIRCUMSTANCES OF SUCH COVERED TRANSACTION TO THE CHAIR (IN THE CASE OF OFFICERS AND KEY EMPLOYEES OTHER THAN THE CHAIR) OR TO THE BOARD OF DIRECTORS OF THE ORGANIZATION (THE "BOARD") OR APPLICABLE COMMITTEE THEREOF (IN THE CASE OF DIRECTORS AND THE CHAIR); (B) REFRAIN FROM USING HIS OR HER PERSONAL INFLUENCE TO ENCOURAGE THE ORGANIZATION TO ENTER INTO THE COVERED TRANSACTION; AND (C) PHYSICALLY EXCUSE HIMSELF OR HERSELF FROM PARTICIPATION IN ANY DISCUSSIONS REGARDING THE COVERED TRANSACTION WITH OFFICERS, DIRECTORS, AND EMPLOYEES OF THE ORGANIZATION, EXCEPT TO RESPOND TO REQUESTS FOR INFORMATION. CONFLICTS OF INTEREST ARE ADMINISTERED BY THE BOARD OF DIRECTORS, OR ANY APPLICABLE COMMITTEE THEREOF, WITH THE ASSISTANCE OF THE BOARD CHAIR, AND ARE RESPONSIBLE FOR REVIEWING THE ANNUAL DISCLOSURES AND RECEIVING DISCLOSURES OF PROPOSED COVERED TRANSACTIONS, REVIEWING PROPOSED COVERED TRANSACTIONS AND DETERMINING IF AN ACTUAL CONFLICT OF INTEREST EXISTS. THE BOARD DOCUMENTS THEIR REVIEW OF EACH DECLARATION IN THE MINUTES OF THE MEETING AT WHICH THE COVERED TRANSACTION IS COVERED. DOCUMENTATION ALSO INCLUDES THE BASIS FOR THE FINAL DETERMINATION AND RESOLUTION FOR EACH COVERED TRANSACTION. IF THE FINAL DETERMINATION WAS ACCOMPLISHED BY ACTION OF A BOARD COMMITTEE OR THE BOARD CHAIR, A REPORT TO THE BOARD OF DIRECTORS IS CONDUCTED REGARDING ANY COVERED TRANSACTION APPROVED IN ACCORDANCE WITH THE CONFLICTS OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 TEACH FOR AMERICA, INC. USES INDEPENDENT COMPENSATION CONSULTANTS TO ENSURE THAT THE SALARY SET FOR THE CEO IS APPROPRIATE. INDEPENDENT COMPENSATION CONSULTANTS ARE ALSO USED TO ENSURE THAT THE SALARIES FOR THE MANAGEMENT TEAM MEMBERS AND OTHER KEY OFFICERS ARE APPROPRIATE AND IN LINE WITH THOSE OF COMPARABLE ORGANIZATIONS. CEO COMPENSATION IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. DOCUMENTATION PROVIDED TO THE COMMITTEE BEFORE VOTING ON CEO COMPENSATION INCLUDES CURRENT SALARY, BENCHMARKED MARKET DATA, SALARY RECOMMENDATIONS FOR THE UPCOMING YEAR, AND ALTERNATIVE OPTIONS FOR POTENTIAL SALARY INCREASES. COMPENSATION STRUCTURES AND INDIVIDUAL STAFF MEMBER SALARIES ARE REVIEWED AND ADJUSTED ANNUALLY AT TEACH FOR AMERICA. REGARDING OUR COMPENSATION STRUCTURES, EACH YEAR, THE BENEFITS & COMPENSATION TEAM RECOMMENDS BASELINE ADJUSTMENTS TO THE 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. THESE COMPENSATION STRUCTURES ARE THEN USED TO SET STAFF MEMBER SALARIES IN THE NEXT YEAR IN LINE WITH THE ORGANIZATION'S GUIDING PRINCIPLES. THOSE GUIDING PRINCIPLES CONSIST OF (1) PAYING COMPETITIVELY RELATIVE TO NON-PROFIT ORGANIZATIONS BUT NOT AT THE TOP OF THE MARKET, (2) MAINTAINING INTERNAL PAY EQUITY, (3) ACCOUNTING FOR CHANGES IN THE MARKETPLACE FOR INDIVIDUAL ROLES , AND (4) ENSURING THE ORGANIZATION IS PAYING FAIRLY AND COMPETITIVELY OVER THE COURSE OF STAFF MEMBER CAREERS THROUGH ANNUAL EVALUATION OF A STAFF MEMBER'S CHANGING CONTRIBUTION TO THE ORGANIZATION. STAFF SALARIES ARE CALIBRATED ANNUALLY BY THE MANAGEMENT TEAM AND APPROVED BY THE CEO TO ENSURE FAIRNESS AND EQUITY ACROSS THE ORGANIZATION AND ALIGNMENT WITH OUR COMPENSATION PHILOSOPHY. THE COMPENSATION SETTING PROCESS, AS OUTLINED ABOVE, WAS LAST PERFORMED DURING THE PERIOD BEGINNING IN MARCH 2018 AND CONCLUDING IN JUNE 2018. FORM 990, PART VI, SECTION C, LINE 19 TEACH FOR AMERICA MAKES ITS FORM 990 AVAILABLE TO PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG AND AT WWW.TEACHFORAMERICA.ORG. TEACH FOR AMERICA ALSO PUBLISHES ITS FINANCIAL STATEMENTS ON ITS WEBSITE. THE ORGANIZATION'S GOVERNING DOCUMENTS AND LEGAL ATTACHMENTS, FORM 1023 AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC IF REQUESTED. FORM 990, PART VII, SECTION A - COMPENSATION OF DIRECTOR: KEVIN HUFFMAN RECEIVED COMPENSATION FOR HIS EMPLOYMENT WITH THE ORGANIZATION. KEVIN HUFFMAN WAS A DIRECTOR OF THE BOARD UNTIL OCTOBER 2017, AT WHICH POINT MR. HUFFMAN BECAME AN EMPLOYEE OF THE ORGANIZATION. FORM 990, PART VIII, LINE 2A: FEES FOR SERVICE REVENUE TEACH FOR AMERICA HAS CONTRACTUAL AGREEMENTS WITH VARIOUS SCHOOL DISTRICTS ACROSS THE UNITED STATES OF AMERICA TO RECRUIT, SELECT, TRAIN, AND PLACE CORPS MEMBERS TO TEACH WITHIN THEIR SCHOOL DISTRICTS. TEACH FOR AMERICA RECOGNIZES REVENUE RELATED TO THESE CONTRACTUAL AGREEMENTS AS EARNED, THAT IS, WHEN THE CORPS MEMBER IS PLACED. FORM 990, PART X, LINES 27-29: EXPLANATION OF NET ASSETS: NET ASSETS OF A NONPROFIT ORGANIZATION ARE EQUIVALENT TO THE NET WORTH OF THE ORGANIZATION. HOWEVER NET ASSETS ARE CLASSIFIED IN THREE CATEGORIES: UNRESTRICTED, TEMPORARILY RESTRICTED AND PERMANENTLY RESTRICTED. UNRESTRICTED NET ASSETS ARE AVAILABLE FOR THE GENERAL OPERATIONS OF AN ORGANIZATION AND HAVE NOT BEEN RESTRICTED BY OUTSIDE DONORS. TEMPORARILY RESTRICTED NET ASSETS ARE RESTRICTED BY DONORS FOR CERTAIN PURPOSES AND/OR FUTURE TIME PERIODS. ONCE THESE RESTRICTIONS ARE MET, THE FUNDS ARE RELEASED AS UNRESTRICTED NET ASSETS. PERMANENTLY RESTRICTED NET ASSETS ARE TO BE MAINTAINED IN PERPETUITY; THEIR INCOME MAY BE USED FOR GENERAL OPERATIONS OR SPECIFIC ACTIVITIES BASED ON DONOR INTENT. UNRESTRICTED NET ASSETS HAVE DIFFERENT DEGREES OF LIQUIDITY AVAILABLE FOR DAILY OPERATIONS ARE NOT A REPRESENTATION OF AVAILABLE CASH FOR OPERATIONS. FOR FY18, OUR NET ASSETS FALL INTO THE FOLLOWING CATEGORIES: - APPROXIMATELY 8% 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 54% IS THE BODY OF THE ENDOWMENT AND THUS CANNOT BE SPENT ON PROGRAMMING. IN FY18, OUR ENDOWMENT INCURRED NET GAINS OF APPROXIMATELY $28.4 MILLION; - APPROXIMATELY 4% IS FIXED ASSETS, WHICH INCLUDES ITEMS SUCH AS DEPRECIATING SOFTWARE, FURNITURE, TECHNOLOGY AND OTHER CAPITAL INVESTMENTS FROM PRIOR YEARS; - APPROXIMATELY 8% IS CASH OR CASH EQUIVALENTS. TEACH FOR AMERICA AIMS TO MAINTAIN A MINIMUM OPERATING RESERVE OF AROUND 25% OF ANNUAL EXPENSES THROUGHOUT THE YEAR AND 35% AT FISCAL YEAR-END. THIS IS EQUIVALENT TO 3-4 MONTHS OF EXPENSES, COMPARED TO THE RANGE OF 3-6 MONTHS RECOMMENDED BY BOTH THE NATIONAL COUNCIL FOR NON-PROFITS AND THE NON-PROFITS ASSISTANCE FUND. FORM 990, PART XI, LINE 9: LOSS ON DISPOSAL -502,965. WRITE-OFF OF UNCOLLECTIBLE REVENUES -821,256. 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.