2017-04-13T15:02:19-05:00 2016-05-31 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2015-06-01 133541913 TEACH FOR AMERICA INC TEAC 2122792080 25 BROADWAY 12TH FLOOR NEW YORK NY 10004 JOSHUA GRIGGS EVP/CHIEF FINANCIAL OFFICER 2122792080 2017-04-13 1 GARRETT M HIGGINS P00543209 9143818900 2017-04-05 2015 2021-01-29 14:40:06Z ELISA VILLANUEVA BEARD 25 BROADWAY 12TH FLOOR NEW YORK NY 10004 368878076 0 X WWW.TEACHFORAMERICA.ORG X 1989 CT OUR MISSION IS TO ENLIST, DEVELOP, AND MOBILIZE AS MANY AS POSSIBLE OF OUR NATION'S MOST PROMISING FUTURE LEADERS TO GROW AND STRENGTHEN THE MOVEMENT FOR EDUCATIONAL EQUITY AND EXCELLENCE. 22 20 7062 42174 108644 -5260 263854521 271486327 32144856 28530983 4697648 3366969 -257220 -225630 300439805 303158649 17244357 17803677 0 0 243204521 209848692 0 0 27830505 115093830 100509180 375542708 328161549 -75102903 -25002900 444449299 402838394 67704722 59676300 376744577 343162094 X OUR MISSION IS TO ENLIST, DEVELOP, AND MOBILIZE AS MANY AS POSSIBLE OF OUR NATION'S MOST PROMISING FUTURE LEADERS TO GROW AND STRENGTHEN THE MOVEMENT FOR EDUCATIONAL EQUITY AND EXCELLENCE. 0 0 123392666 2021435 PLACEMENT, PROFESSIONAL DEVELOPMENT, AND OTHER: BASED ON THE ARTICULATED HIRING NEEDS OF THE COMMUNITIES WITH WHICH WE PARTNER, TEACH FOR AMERICA BRINGS TEACHING CANDIDATES TO URBAN AND RURAL REGIONS THROUGHOUT THE UNITED STATES. TEACH FOR AMERICA HAS REGIONAL OFFICES, WHICH ARE RESPONSIBLE FOR WORKING WITH SCHOOL AND DISTRICT PARTNERS TO UNDERSTAND THEIR NEEDS, FACILITATING INTERVIEW/EMPLOYMENT OPPORTUNITIES FOR CORPS MEMBERS AT SCHOOLS, MONITORING CLASSROOM PROGRESS THROUGHOUT THEIR TWO-YEAR COMMITMENT, PROVIDING ONE-ON-ONE COACHING AND OBSERVATION, PROVIDING OPPORTUNITIES FOR ONGOING PROFESSIONAL DEVELOPMENT, AND HELPING CORPS MEMBERS BECOME PART OF THEIR LOCAL COMMUNITIES. TEACH FOR AMERICA CORPS MEMBERS TAUGHT ACROSS 52 REGIONS IN 2016. 50930430 4907366 27449981 TEACHER RECRUITMENT AND SELECTION:TEACH FOR AMERICA ACTIVELY RECRUITS APPLICANTS FROM APPROXIMATELY 433 COLLEGES AND UNIVERSITIES AS WELL AS MEMBERS OF THE MILITARY AND PROFESSIONALS, THEN SELECTS FROM THAT POOL A DIVERSE TEACHING CORPS OF TOP COLLEGE GRADUATES AND PROFESSIONALS TO TEACH IN THE NATION'S MOST UNDERSERVED COMMUNITIES. THE RECRUITMENT AND SELECTION PROCESS CONSISTS OF IDENTIFYING POTENTIAL RECRUITS, SCHEDULING AND ATTENDING ON AND OFF-CAMPUS RECRUITING EVENTS, CONDUCTING ONE ON ONE RECRUITMENT INTERVIEWS, MAINTAINING ONGOING CORRESPONDENCE, PROCESSING APPLICATIONS (APPROXIMATELY 37,000 APPLICANTS IN 2016) AND CONDUCTING A MULTI-STEP SELECTION INTERVIEW PROCESS, INCLUDING FINAL DAY-LONG INTERVIEW SESSIONS IN MULTIPLE SITES ACROSS THE COUNTRY. TEACH FOR AMERICA HAS A 14% ACCEPTANCE RATE IN THE 2015-2016 ADMISSIONS CYCLE AND APPROXIMATELY 3,400 NEW CORPS MEMBERS BEGAN THEIR TEACHING ASSIGNMENTS IN FALL 2016. 48049320 10685314 1100802 ALUMNI AFFAIRS:ESSENTIAL TO THE LONG TERM WORK OF ADDRESSING THE ISSUES OF EDUCATIONAL INEQUITY, TEACH FOR AMERICA SUPPORTS AND ENCOURAGES ITS ALUMNI TO CONTINUE TO WORK IN EDUCATION AND ACROSS SECTORS TO ADDRESS ISSUES NEGATIVELY IMPACTING LOW INCOME COMMUNITIES. TEACH FOR AMERICA SUPPORTS THE CONTINUED DEVELOPMENT OF ALUMNI IN THREE PROGRAMMATIC AREAS: CLASSROOM PRACTICE, SCHOOL LEADERSHIP AND SOCIAL ENTREPRENEURSHIP. NEARLY TWO THIRDS OF OUR 42,000 ALUMNI IN 2016 WERE EMPLOYED AS TEACHERS, AS SCHOOL PRINCIPALS, AS SUPERINTENDENTS OR IN OTHER ROLES DIRECTLY IMPACTING EDUCATION WHILE THE OTHER THIRD WORKED ACROSS MULTIPLE SECTORS. APPROXIMATELY 82% OF TEACH FOR AMERICA'S 42,000 ALUMNI IN 2016 WERE DOING MISSION ALIGNED WORK EITHER IN EDUCATION OR IN OTHER PROFESSIONS SERVING LOW INCOME COMMUNITIES. 37451175 189562 PRE-SERVICE INSTITUTE:PRE-SERVICE INSTITUTE IS ONE OF TEACH FOR AMERICA'S LARGEST PROGRAMMATIC EXPENSES. TEACH FOR AMERICA CONDUCTS INTENSIVE SUMMER TRAINING INSTITUTES HELD ON UNIVERSITY CAMPUSES AND IN CONJUNCTION WITH LOCAL PUBLIC SCHOOL DISTRICTS AS PART OF TEACHER PREPARATION FOR INCOMING CORPS MEMBERS. IN SUMMER 2015, APPROXIMATELY 4,075 CORPS MEMBERS WERE TRAINED AT ONE OF SIX CAMPUSES: PHOENIX (AZ), HOUSTON (TX), PHILADELPHIA (PA), ATLANTA (GA), CLEVELAND (MS), AND TULSA (OK) OR AT ONE OF OUR REGIONAL INSTITUTES: MEMPHIS, MASSACHUSETTS, TWIN CITIES, DALLAS, CHICAGO, NASHVILLE, OKLAHOMA CITY, AND ST. LOUIS REGIONS. DURING PRE-SERVICE INSTITUTE, CORPS MEMBERS PARTICIPATE IN TRAINING SESSIONS, COLLABORATE WITH PEERS, AND TEACH STUDENTS WHO ENROLL IN PUBLIC SUMMER SCHOOL PROGRAMS HOSTED BY PARTNER SCHOOL DISTRICTS AND PARTICIPATING PUBLIC CHARTER SCHOOLS. 37451175 189562 259823591 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 4728 0 7062 1 1 1 0 0 0 0 1 1 0 0 0 0 X 22 20 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NV NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA 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 5.00 X 97163 0 0 THOMAS H CASTRO DIRECTOR 1.00 X 0 0 0 MAXINE CLARK DIRECTOR 1.00 X 0 0 0 DAVID GERGEN 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 1.00 X 0 0 0 WALTER ISSACSON DIRECTOR (UNTIL 05/06/16) 1.00 X 0 0 0 JOEL KLEIN DIRECTOR 1.00 X 0 0 0 SUE LEHMANN DIRECTOR 1.00 X 0 0 0 MICHAEL LOMAX PHD DIRECTOR 1.00 X 0 0 0 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 (UNTIL 05/04/16) 1.00 X 0 0 0 VINCE ROIG DIRECTOR 1.00 X 0 0 0 PAULA A SNEED DIRECTOR 1.00 X 0 0 0 LAWRENCE SUMMERS DIRECTOR 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 MATTHEW KRAMER CO-CEO (UNTIL 12/31/15) 53.10 X X 392529 0 36457 ELISA VILLANUEVA BEARD CEO 80.70 X X 392529 0 37957 JOSHUA GRIGGS EVP, TALENT, OPERATIONS & CFO 63.70 X 260097 0 27298 TRACY-ELIZABETH CLAY SVPLEGAL AFFAIRS/GENERAL COUNSEL/SECRETARY 54.10 X 201859 0 19857 SUSAN ASIYANBI EVP, CHIEF OPERATING OFFICER 83.90 X 315975 0 5908 ELISSA KIM EVP RECRUITMENT & ADMISSIONS 57.40 X 267439 0 18642 WHITNEY PETERSMEYER SVP, NATIONAL DEVELOPMENT 60.50 X 202582 0 18044 MASSIE RITSCHEVPPUBLIC AFFAIRS NATIONAL SUPPORT (UNTIL 05/31/16) 50.40 X 232913 0 15964 ERIC SCROGGINS EVP CHIEF PROGRAM & STRATEGY OFFICER 63.90 X 337364 0 20759 PAUL KEYS EXECUTIVE DIRECTOR 68.80 X 290556 0 24189 KWAME GRIFFITH EVP, REGIONAL ENGAGEMENT 59.40 X 259179 0 18375 ANDREA PURSLEY EVP SYSTEMS LEADERSHIP (UNTIL 02/26/16) 65.40 X 247877 0 27998 SANDEEP CHELLANI SVP IT & CHIEF INFORMATION OFFICER 45.50 X 230904 0 9001 3728966 0 280449 401 0 1 0 JRM CONSTRUCTION MANAGEMENT 242 WEST 34TH STREET NEW YORK NY 10018 CONSTRUCTION MGMT 8490238 TURNER CONSTRUCTION COMPANY 375 HUDSON STREET 6TH FLOOR NEW YORK NY 10014 CONSTRUCTION MGMT 2055639 WORKDAY INC 6230 STONERIDGE MALL RD PLEASANTON CA 94588 IT & PAYROLL CONSULTING 925971 COMPUTER DESIGN & INTEGRATION LLC 696 ROUTE 46 WEST TETERBORO NJ 07608 SOFTWARE CONSULTING 822993 PHASE2 TECHNOLOGY LLC 1330 BRADDOCK PLACE 7TH FLOOR ALEXANDRIA VA 22314 MARKETING CONSULTING 483272 18 X 143226 11727776 60200950 199414375 23465108 271486327 SERVICE FEES REVENUE 611710 27449981 27449981 25TH ANNIVERSARY SUMMI 900099 730425 730425 PUBLICATION REVENUE 900099 209393 209393 REG/CERTIFICATION FEES 611710 141184 141184 28530983 3601245 3601245 1863 1863 400125 400125 0 0 64148237 64382513 -234276 -234276 -234276 390415 11727776 936789 -546374 -546374 19800 0 19800 19800 IT SERVICES 900099 108644 108644 EMPLOYEE SETTLEMENT 900099 74000 74000 PURCHASING CARD REBATE 900099 45262 45262 71175 71175 299081 303158649 28550783 108644 3012895 7461902 7461902 10341775 10341775 2700002 2063471 363351 273180 182862245 139752071 24608562 18501612 5440954 4158237 732213 550504 5809308 4439751 781784 587773 13036183 9962874 1754336 1318973 292628 202124 43707 46797 200752 138664 29984 32104 588148 588148 844 844 9295282 7402082 610166 1283034 965412 696394 55961 213057 6265782 5119872 679275 466635 16839659 11984232 3386395 1469032 29860 20625 4460 4775 17215670 14951427 1303709 960534 31165761 28715031 1240146 1210584 301479 262804 19254 19421 209901 157843 29739 22319 14416281 9611032 4121991 683258 529602 422863 60977 45762 INDIRECT SPECIAL EVENT 796210 727835 5148 63227 BAD DEBT EXPENSE 703124 631633 54559 16932 MISCELLANEOUS EXPENSES 469376 419617 19234 30525 SUBSCRIPTIONS & DUES 223409 179432 13510 30467 328161549 259823591 40507453 27830505 X 38196146 28059529 45051730 37923547 56489028 58503264 448642 612041 7849752 7218743 82758456 53542004 40767910 29216452 228331685 231046359 6354727 8146631 6037952 12813048 4220507 444449299 402838394 49436254 39972591 10082204 9937786 14000 8186264 9751923 67704722 59676300 X 149850688 119026174 109732015 106974046 117161874 117161874 376744577 343162094 444449299 402838394 X -25002900 -7125227 -1454356 X X 0 1 X 1 1 1 X 276189772 192639730 294928420 263854521 271486327 1299098770 276189772 192639730 294928420 263854521 271486327 1299098770 95154250 1203944520 2493238 3428722 4172646 3849156 4003233 17946995 30551 10450 41001 99089 121898 161843 153572 190437 726839 1317813605 123362716 0.91360 0.90780 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PURCHASING CARD REBATE - 2012 AMOUNT: $ 44,983. 2013 AMOUNT: $ 2,403. 2014 AMOUNT: $ 81,110. 2015 AMOUNT: $ 45,262. MISCELLANEOUS - 2011 AMOUNT: $ 1,833. 2012 AMOUNT: $ 16,220. 2013 AMOUNT: $ 61,880. OTHER EVENTS REVENUE - 2011 AMOUNT: $ 43,324. 2012 AMOUNT: $ 52,633. 2013 AMOUNT: $ 85,913. 2014 AMOUNT: $ 53,018. 2015 AMOUNT: $ 30,890. HONORARIUM - 2011 AMOUNT: $ 1,000. COMMISSIONS - 2011 AMOUNT: $ 47,487. 2012 AMOUNT: $ 8,062. 2013 AMOUNT: $ 11,647. 2014 AMOUNT: $ 19,444. 2015 AMOUNT: $ 30,000. REGISTRATION FEES - 2011 AMOUNT: $ 5,445. EMPLOYEE SETTLEMENT - 2015 AMOUNT: $ 74,000. RECOVERY OF LIABILITY - 2015 AMOUNT: $ 10,285. PART II, SHORT YEAR EXPLANATION: IN OCTOBER 1, 2012, TEACH FOR AMERICA REVISED ITS FISCAL YEAR FROM SEPTEMBER 30 TO MAY 31. AS A RESULT, THE DATA REPORTED IN THE 2012 FORM 990 IS FOR A SHORT YEAR, FOR THE 8 MONTH PERIOD BEGINNING OCTOBER 1, 2012 THROUGH MAY 31, 2013. THE 2013 FORM 990, AS REPORTED ON SCHEDULE A, CONTAINS 12 MONTHS OF FINANCIAL DATA. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 1 17545 0 0 1 819296 0 0 836841 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 179896330 -3278440 844 176617046 162329225 17567105 179896330 199348112 3000000 19567057 59585944 162329225 160800743 27502093 11045276 199348112 117494011 32338964 10967768 160800743 0.01860 0.66330 0.31810 0 0 81916 5120 76796 17911455 5514149 12397306 64765085 48022735 16742350 29216452 DEFERRED RENT PAYABLE 7961530 OTHER LIABILITIES 1557733 CAPITAL LEASE OBLIGATION 232660 9751923 X 296324059 -7125227 400125 -6725102 303049161 844 108644 109488 303158649 329906542 1854481 1854481 328052061 844 108644 109488 328161549 PART IV, LINE 2B: TEACH FOR AMERICA HELD A SECURITY DEPOSIT FROM A SUBLEASE TENANT FROM IN ITS DC OFFICE IN THE AMOUNT OF $14,000. 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 ARE 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 2013 ARE NO LONGER SUBJECT TO EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 400,125. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS IT SERVICES TO PART VIII, LINE 11 108,644. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS LOSS ON DISPOSAL 1,197,493. WRITE-OFF OF UNCOLLECTIBLE REVENUES 256,863. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 400,125. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS IT SERVICES TO PART VIII, LINE 11 108,644. NY ANNUAL BENEFIT DINNER 2948127 2948127 0 CHICAGO BENEFIT DINNER 2320934 2279975 40959 69610 23203 19 6849130 6499674 349456 94331 438505 311140 12118191 11727776 390415 94331 508115 334343 936789 -546374 1 LEADERSHIP FOR EDUCATIONAL EQUITY FOUNDATION 1805 7TH STREET NW 8TH FLOOR WASHINGTON DC 20001 462093041 501(C)3 7461902 CHARITABLE AND EDUCATIONAL PROGRAMS TO STRENGTHEN INDIVIDUAL AND COLLECTIVE LEADERSHIP OF TFA ALUMNI. 1 0 CORPS MEMBERS TRANSITIONAL GRANTS 2826 5730251 25TH ANNIVERSARY SUMMIT, REGISTRATION AND STIPEND 5652 1736802 CORPS MEMBERS COURSEWORK GRANTS 867 1111211 AMGEN AWARDS AND PLACEMENT FUNDING AWARDS 303 1072255 CORPS MEMBERS FELLOWSHIPS 59 647740 CORPS MEMBERS STIPEND 12 3615 OTHER CM AWARDS 37 39901 TCAI - 02/15/17 03:44PM WORKSHEET SCHEDULE I 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 THE SERVICE OF OUR ORGANIZATIONAL MISSION, WE PROVIDED FINANCIAL AID STIPENDS TO TFA CORPS MEMBERS AND ALUMNI THAT ATTENDED THE 25TH ANNIVERSARY SUMMIT EVENT HELD IN FEBRUARY 2016. FINANCIAL AID WAS ISSUED IN A VARIETY OF FORMS INCLUDING WAIVED REGISTRATION FEES, HOTEL ROOMS OR 'LIVE CHECKS'. THIS AID WAS RESTRICTED TO TEACH FOR AMERICA CORPS MEMBERS AND ALUMNI WHO ATTENDED THE 25TH ANNIVERSARY SUMMIT FOR PROFESSIONAL DEVELOPMENT AND WAS DESIGNED TO OFFSET THE COST OF HOTEL ROOM RESERVATIONS, TRANSPORTATION OR FOOD WHILE AT THE CONFERENCE. TFA REGIONS DESIGNED THEIR OWN PROCESSES FOR DETERMINING WHO WAS ELIGIBLE FOR FINANCIAL AID PACKAGES. DURING THE REGISTRATION PROCESS, EACH FINANCIAL AID RECIPIENT WAS REQUIRED TO SUBMIT AN ELECTRONIC W9 AND RECIPIENTS THAT RECEIVED MORE THAN $600 IN FUNDING FROM TEACH FOR AMERICA DURING A CALENDAR YEAR RECEIVED A FORM 1099-MISC. X X X X X 0 0 0 0 0 0 0 0 0 MATTHEW KRAMER CO-CEO (UNTIL 12/31/15) 392529 0 0 0 0 0 20500 0 15957 0 428986 0 0 0 ELISA VILLANUEVA BEARD CEO 392529 0 0 0 0 0 22000 0 15957 0 430486 0 0 0 JOSHUA GRIGGS EVP, TALENT, OPERATIONS & CFO 260097 0 0 0 0 0 12128 0 15170 0 287395 0 0 0 TRACY-ELIZABETH CLAY SVPLEGAL AFFAIRS/GENERAL COUNSEL/SECRETARY 201859 0 0 0 0 0 8949 0 10908 0 221716 0 0 0 SUSAN ASIYANBI EVP, CHIEF OPERATING OFFICER 315975 0 0 0 0 0 0 0 5908 0 321883 0 0 0 ELISSA KIM EVP RECRUITMENT & ADMISSIONS 267439 0 0 0 0 0 12880 0 5762 0 286081 0 0 0 WHITNEY PETERSMEYER SVP, NATIONAL DEVELOPMENT 202582 0 0 0 0 0 2800 0 15244 0 220626 0 0 0 MASSIE RITSCHEVPPUBLIC AFFAIRS NATIONAL SUPPORT (UNTIL 05/31/16) 232913 0 0 0 0 0 0 0 15964 0 248877 0 0 0 ERIC SCROGGINS EVP CHIEF PROGRAM & STRATEGY OFFICER 337364 0 0 0 0 0 14886 0 5873 0 358123 0 0 0 PAUL KEYS EXECUTIVE DIRECTOR 290556 0 0 0 0 0 13834 0 10355 0 314745 0 0 0 KWAME GRIFFITH EVP, REGIONAL ENGAGEMENT 259179 0 0 0 0 0 12557 0 5818 0 277554 0 0 0 ANDREA PURSLEY EVP SYSTEMS LEADERSHIP (UNTIL 02/26/16) 247877 0 0 0 0 0 12189 0 15809 0 275875 0 0 0 SANDEEP CHELLANI SVP IT & CHIEF INFORMATION OFFICER 230904 0 0 0 0 0 8663 0 338 0 239905 0 0 0 X 82 19959551 FAIR MARKET VALUE X 19 52593 SALES PRICE X EQUIPMENT 1 3414057 FAIR MARKET VALUE X TRAVEL TICKETS 1 24800 SALES PRICE X GAME TICKETS 1 12003 SALES PRICE X SUPPLIES 9 2104 SALES PRICE 1 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION A, LINE 4 THE BY-LAWS WERE AMENDED IN JANUARY 2016 WITH THE FOLLOWING CHANGES MADE: ELIMINATED IN ITS ENTIRETY THE ORIGINAL SECTION 3.11 WHICH CREATED THE POSITION OF LEAD DIRECTOR. CREATED A NEW SECTION 3.11 CREATING THE POSITION OF FOUNDER IN RECOGNITION OF THE EXTRAORDINARY SERVICE OF THE FOUNDER OF THE ORGANIZATION. ESTABLISHES THAT THE FOUNDER SHALL HAVE ALL OF THE RIGHTS AND RESPONSIBILITIES OF A DIRECTOR AND WILL BE AN EX-OFFICIO MEMBER OF THE EXECUTIVE COMMITTEE. AMENDED SECTION 3.12 TO CHANGE THE COMPOSITION OF THE EXECUTIVE COMMITTEE TO INCLUDE NO MORE THAN SEVEN MEMBERS, TO REMOVE THE LEAD DIRECTOR AS A COMMITTEE MEMBER, AND TO ADD THE FOUNDER AND THE VICE CHAIR AS COMMITTEE MEMBERS. ADDED SECTION 4.5 CREATING THE OFFICER POSITION OF VICE CHAIR. THE VICE CHAIR SHALL CARRY OUT DUTIES AND RESPONSIBILITIES AS DELEGATED BY THE CHAIRPERSON AND WILL ACT AS THE CHAIRPERSON IN ANY INSTANCE IN WHICH THE CHAIR IS UNABLE TO PERFORM HIS/HER DUTIES UNLESS THE BOARD APPOINTS ANOTHER TO ACT IN THE STEAD OF THE CHAIR. AMENDED SECTION 4.6 TO MODIFY THE DESCRIPTION OF DUTIES AND RESPONSIBILITIES FOR A SOLE CHIEF EXECUTIVE OFFICER AND TO ELIMINATE REFERENCES TO CO-CHIEF EXECUTIVE OFFICERS. FORM 990, PART VI, SECTION B, LINE 11 TEACH FOR AMERICA'S FORM 990 WAS PREPARED BY AN INDEPENDENT TAX PREPARER. MANAGEMENT PERFORMED AN IN-DEPTH REVIEW. A 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 LEADERSHIP TEAM MEMBERS AND OTHER KEY OFFICERS ARE APPROPRIATE AND IN LINE WITH THOSE OF COMPARABLE ORGANIZATIONS. ALL CEO AND LEADERSHIP TEAM MEMBER SALARIES ARE APPROVED BY THE BOARD AT THE ANNUAL MEETING. DOCUMENTATION PROVIDED TO THE BOARD IN ADVANCE OF THE MEETING REGARDING EXECUTIVE COMPENSATION INCLUDES CURRENT SALARIES, MERCER BENCHMARKED COMPENSATION DATA, SALARY RECOMMENDATIONS FOR THE UPCOMING YEAR, AND ALTERNATIVE OPTIONS FOR CEO SALARY INCREASES. THE BOARD MEMBERS DISCUSS AND FINALIZE THE CEO AND LEADERSHIP TEAM COMPENSATION FOR THE COMING YEAR. ALL DISCUSSIONS, DELIBERATIONS AND DECISIONS REGARDING EXECUTIVE COMPENSATION ARE RECORDED IN THE MINUTES OF THE BOARD MEETING. COMPENSATION STRUCTURES AND INDIVIDUAL STAFF MEMBER SALARIES ARE REVIEWED AND ADJUSTED ANNUALLY AT TEACH FOR AMERICA. REGARDING OUR COMPENSATION STRUCTURES, EACH YEAR, THE COMPENSATION TEAM RECOMMENDS BASELINE ADJUSTMENTS TO THE CEOS, BASED ON MARKET RESEARCH. ONCE APPROVED, ANY FINANCIAL IMPACT IS INCLUDED IN THE OVERALL BUDGET RECOMMENDED TO THE FINANCE COMMITTEE AND THEN APPROVED BY THE BOARD. THESE COMPENSATION STRUCTURES ARE THEN USED TO SET STAFF MEMBER SALARIES IN THE NEXT YEAR IN LINE WITH OUR GUIDING PRINCIPLES OF PAYING COMPETITIVELY RELATIVE TO THE NON-PROFIT ORGANIZATIONS BUT NOT AT THE TOP OF THE MARKET, ADHERING TO INTERNAL EQUITY, RECOGNIZING CHANGES IN SCALE AND MARKET OF ROLES, AND ENSURING WE ARE PAYING FAIRLY AND COMPETITIVELY OVER THE COURSE OF STAFF MEMBER CAREERS IN THE ORGANIZATION THROUGH ANNUAL EVALUATION OF A STAFF MEMBER'S CHANGING CONTRIBUTION TO THE ORGANIZATION. STAFF SALARIES ARE CALIBRATED ANNUALLY BY THE LEADERSHIP TEAM AND APPROVED BY THE CO-CEOS, ENSURING FAIRNESS AND EQUITY ACROSS THE ORGANIZATION AND ALIGNMENT WITH OUR COMPENSATION PHILOSOPHY. THE COMPENSATION SETTING PROCESS, AS OUTLINED ABOVE, WAS LAST PERFORMED DURING THE PERIOD BEGINNING IN APRIL 2016 AND CONCLUDING IN MAY 2016. 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 OFFICERS COMPENSATION FOR WENDY KOPP, MATTHEW KRAMER, AND ELISA VILLANUEVA BEARD IS REPORTED FOR THE PERIOD JANUARY 1, 2015 THROUGH DECEMBER 31, 2015. WENDY KOPP, CHAIR OF BOARD THROUGH DECEMBER 4, 2015, RECEIVED COMPENSATION FOR FUNDRAISING, SPOKESPERSON, AND STRATEGIC CONTRIBUTIONS. MATTHEW KRAMER AND ELISA VILLANUEVA BEARD WERE CO-CEO'S UNTIL DECEMBER 31, 2015, AT WHICH POINT MS. VILLANUEVA BEARD BECAME THE SOLE CEO. 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 FY16, OUR NET ASSETS FALL INTO THE FOLLOWING CATEGORIES: - APPROXIMATELY 17% 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 34% IS THE BODY OF THE ENDOWMENT AND THUS CANNOT BE SPENT ON PROGRAMMING. IN FY16, OUR ENDOWMENT INCURRED NET LOSSES OF APPROXIMATELY $3.2 MILLION; - APPROXIMATELY 9% 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 3-4MONTHS 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 -1,197,493. WRITE-OFF OF UNCOLLECTIBLE REVENUES -256,863. 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.