Teach for America, Inc.
Fiscal Year
Fiscal Year Start
06/01/2023
Fiscal Year End
05/31/2024
Projected Revenue
$3,892,654.00
Projected Expenses
$4,033,637.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Teach for America IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $220,748,251.00 | $252,398,781.00 | |
| Total Expenses | $269,735,155.00 | $258,617,197.00 | |
| Revenue Less Expenses | ($-0.00) | ($48,986,904.00) | ($6,218,416.00) |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $46,471,397.00 | $46,387,948.00 | |
| Contributions, Gifts, and Grants | $130,351,796.00 | $156,098,771.00 | |
| Indirect Public Support | $92,389.00 | $119,719.00 | |
| Earned Revenue | $19,148,769.00 | $21,481,465.00 | |
| Investment Income, Net of Losses | $7,229,850.00 | $6,214,410.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $10,818,748.00 | $12,159,880.00 | |
| Revenue In-Kind | $6,691,170.00 | $9,796,597.00 | |
| Other | $244,132.00 | $142,991.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $198,539,995.00 | $189,531,119.00 | |
| Administration Expense | $43,510,042.00 | $42,367,444.00 | |
| Fundraising Expense | $27,686,118.00 | $26,718,634.00 | |
| Total Revenue/Total Expenses | 82% | 98% | |
| Program Expense/Total Expenses | 74% | 73% | |
| Fundraising Expense/Contributed Revenue | 10% | 10% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | $0.00 | Contributions, Gifts, and Grants $156,098,771.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | $0.00 | Government Grants $46,387,948.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | $0.00 | Program Revenue $21,481,465.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $468,661,213.00 | $580,511,174.00 | |
| Current Assets | $68,864,600.00 | $98,905,926.00 | |
| Long-Term Liabilities | $8,664.00 | $16,664.00 | |
| Current Liabilities | $49,639,063.00 | $54,358,133.00 | |
| Total Net Assets | $449,013,486.00 | $526,136,377.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Under Extension
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| TN audited financial documents and 990 form are from Teach For America's national organization, which explains the large difference between the total revenues and expenses which appear in our audited information and the total revenues and expenses related to our Greater Nashville regional office. |
Foundation Staff Comments
| Financial figures taken from the national organization's 990. Current Fiscal Year Revenue and Expense overview is for Nashville region only. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. 990 was prepared by Crowe LLP. Comments provided by Nicole Rose 06/05/2023. |
