Civic Intelligence

Teaching Matters Inc.

990 • Fiscal year 2015 • EIN 13-3770472

Sep 01, 2014 to Aug 31, 2015 • Filed on Jul 15, 2016

475 RIVERSIDE DRIVE suite 1270New York, NY 10115

(212) 870-3571

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

21st percentile

0.03x

Higher debt load relative to assets than 21% of similar nonprofits.

2015 filings • NTEE B • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

19th percentile

0.04x

Higher debt load relative to revenue than 19% of similar nonprofits.

2015 filings • NTEE B • $5M-$10M nonprofits • Source year 2015

Net Margin

15th percentile

-8.3%

Higher net margin than 15% of similar nonprofits.

2015 filings • NTEE B • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

78th percentile

$197,978

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2015 filings • NTEE B • $5M-$10M nonprofits • Source year 2015

Asset Growth

8th percentile

-13%

Faster asset growth than 8% of similar nonprofits.

2015 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

9th percentile

-27%

Faster revenue growth than 9% of similar nonprofits.

2015 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Down

$6,707,357

Down $994,970 (-13%) from 2014

Net Assets

Down

$6,496,229

Down $652,625 (-9.1%) from 2014

Liabilities

Down

$211,128

Down $342,345 (-62%) from 2014

Revenue

Down

$5,405,160

Down $2,044,221 (-27%) from 2014

Expenses

Down

$5,856,414

Down $1,294,804 (-18%) from 2014

Net Income

Down

-$451,254

Down $749,417 (-251%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $6,726,240Liabilities 2011: $530,944Net Assets 2011: $6,195,2962011Assets 2012: $6,524,360Liabilities 2012: $223,373Net Assets 2012: $6,300,9872012Assets 2013: $7,713,427Liabilities 2013: $889,102Net Assets 2013: $6,824,3252013Assets 2014: $7,702,327Liabilities 2014: $553,473Net Assets 2014: $7,148,8542014Assets 2015: $6,707,357Liabilities 2015: $211,128Net Assets 2015: $6,496,2292015Assets 2016: $6,267,719Liabilities 2016: $322,543Net Assets 2016: $5,945,1762016Assets 2017: $8,779,184Liabilities 2017: $302,040Net Assets 2017: $8,477,1442017Assets 2018: $12,203,408Liabilities 2018: $172,548Net Assets 2018: $12,030,8602018Assets 2019: $12,641,561Liabilities 2019: $222,519Net Assets 2019: $12,419,0422019Assets 2020: $12,666,636Liabilities 2020: $1,161,731Net Assets 2020: $11,504,9052020Assets 2021: $19,609,038Liabilities 2021: $415,658Net Assets 2021: $19,193,3802021Assets 2022: $16,349,247Liabilities 2022: $419,119Net Assets 2022: $15,930,1282022Assets 2023: $14,212,123Liabilities 2023: $457,536Net Assets 2023: $13,754,5872023Assets 2024: $16,173,581Liabilities 2024: $378,450Net Assets 2024: $15,795,1312024

Highlighted filing

2015

Assets$6,707,357
Liabilities$211,128
Net Assets$6,496,229

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $6,671,531Expenses 2011: $6,135,496Net Income 2011: $536,0352011Revenue 2012: $5,133,127Expenses 2012: $5,027,436Net Income 2012: $105,6912012Revenue 2013: $5,763,338Expenses 2013: $5,240,000Net Income 2013: $523,3382013Revenue 2014: $7,449,381Expenses 2014: $7,151,218Net Income 2014: $298,1632014Revenue 2015: $5,405,160Expenses 2015: $5,856,414Net Income 2015: -$451,2542015Revenue 2016: $4,715,399Expenses 2016: $5,425,889Net Income 2016: -$710,4902016Revenue 2017: $8,297,006Expenses 2017: $6,009,669Net Income 2017: $2,287,3372017Revenue 2018: $9,880,093Expenses 2018: $6,096,287Net Income 2018: $3,783,8062018Revenue 2019: $6,258,683Expenses 2019: $6,129,070Net Income 2019: $129,6132019Revenue 2020: $5,871,411Expenses 2020: $7,182,643Net Income 2020: -$1,311,2322020Revenue 2021: $14,154,579Expenses 2021: $7,664,793Net Income 2021: $6,489,7862021Revenue 2022: $7,951,148Expenses 2022: $10,039,224Net Income 2022: -$2,088,0762022Revenue 2023: $7,696,235Expenses 2023: $10,137,573Net Income 2023: -$2,441,3382023Revenue 2024: $12,642,742Expenses 2024: $11,494,419Net Income 2024: $1,148,3232024

Highlighted filing

2015

Revenue$5,405,160
Expenses$5,856,414
Net Income-$451,254
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Jul 15, 2016
Return Version
2014v6.0
Gross Receipts
$6,805,872
Mission and Program Overview

Mission

Teaching matters mission is to develop & retain great teachers, & measurably increase their ability to give students in urban public schools an excellent education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,080,474$5,016,914▲ $936,440
Accounts Receivable$1,632,058$605,659▼ $1,026,399
Pledges and Grants Receivable$156,173$493,130▲ $336,957
Savings and Temporary Cash Investments$800,058$301,868▼ $498,190
Investments Other Securities$150,000$149,424▼ $576
Cash and Non-Interest-Bearing Accounts$847,998$109,531▼ $738,467
Prepaid Expenses and Deferred Charges$35,566$16,687▼ $18,879
Land, Buildings, and Equipment, Net-$14,144-
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$7,702,327$6,707,357▼ $994,970
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$447,672$148,828▼ $298,844
Deferred Revenue$105,801$62,300▼ $43,501
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$553,473$211,128▼ $342,345
Net Assets / Fund Balance
Unrestricted Net Assets$6,972,354$5,965,229▼ $1,007,125
Temporarily Rstr Net Assets$176,500$531,000▲ $354,500
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$7,148,854$6,496,229▼ $652,625
Total Liabilities and Net Assets / Fund Balance$7,702,327$6,707,357▼ $994,970

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$368,391$368,391
Leasehold Improvements$14,144$163,664$177,808
Other Land Buildings-$23,574$23,574

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$176,500$731,000-$376,500$531,000
2013$300,500$226,500-$350,500$176,500
2012$80,000$775,500-$555,000$300,500
2011$1,287,500$380,000-$1,587,500$80,000
2010$1,145,000$550,000-$407,500$1,287,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lynette GuastaferroExecutive DirectorFT$171,161$26,817$197,978
Jane CondliffeDeputy DirectorFT$148,266$19,908$168,174
Jen MurthaChief Operating OfficerFT$107,797$19,119$126,916
SUE BaLLFormer Manager of BnpsFT$126,757-$126,757
Naomi CoopermanDirector of Program DesignFT$112,841$7,455$120,296

Board Members and Trustees

NameTitle
Olga VotisChairwoman
Elizabeth RohatynFounder & Chairwoman Emerita
Donald J DuetVice-chairman
Alan LesgoldBoard Member
Bryan R LawrenceBoard Member
Dr Edward a FriedmanBoard Member
Janet Dewart BellBoard Member
Julie EngerranBoard Member
Lance LeenerBoard Member
Lisa VertucciBoard Member
Michael BijaouiBoard Member
Sonny KalsiBoard Member
Joseph C LewisTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Boulder Ridge INCLeadership Coaching136 BOULDER RIGDE ROAD, Scarsdale, NY 10583$125,800
Revenue and Support

Revenue Composition

Contributions and Grants
$1,347,113
Program Service Revenue
$3,903,676
Investment Income
$163,907
Other Revenue
$-9,536
All Other Contributions
$1,220,713
Change in Net Assets
$-451,254

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,381,522
Revenue Not Reported on Financial Statements
$23,638
Revenue Not Reported on Form 990
$-171,838
Total Revenue per Audited Statements
$5,209,684
Total Revenue per Form 990
$5,405,160
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,139,617
Other Expenses$1,322,312
Grants and Similar Amounts Paid$394,485
Total Fundraising Expense$303,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,715,585$418,044$214,766$3,348,395
Fees for Services Other$432,828$31,443-$464,271
Grants to Domestic Orgs$394,485--$394,485
Payroll Taxes$235,340$36,229$18,612$290,181
Other Employee Benefits$162,255$24,978$12,832$200,065
Current Officers, Directors, Trustees, and Key Employees$160,350$24,685$12,684$197,719
Conferences and Meetings$124,000$37,720$3,591$165,311
Occupancy$130,703$20,977$9,682$161,362
Office Expenses$112,122$15,400$12,740$140,262
Pension Plan Contributions$83,743$12,892$6,622$103,257
Information Technology$79,370$1,044$482$80,896
Advertising$44,272$13,054-$57,326
Other Expenses$38,588$2,728$7,253$48,569
Fees for Services Accounting-$47,635-$47,635
Fees for Services Legal-$23,735-$23,735
Fees for Service Investment Mgmnt Fees-$23,638-$23,638
Depreciation Depletion-$3,536-$3,536
Total Functional Expenses$4,809,814$743,100$303,500$5,856,414

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,862,309
Total Expenses per Form 990$5,856,414
Expenses per Audited Statements$5,832,776
Expenses Not Reported on Form 990$29,533
Expenses Not Reported on Financial Statements$23,638
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
sports & arts in school foundationwoodside, NY501(c)(3)Subrecipient grant$394,485
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$29,533
Fundraising Gross Income$19,250
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Luncheon$145,650$19,250$6,622$12,628
Total Events$145,650$19,250$29,533$-10,283
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section A. - Question 8B

Subcommittees of the Board of Directors cannot act independently of the Board.

Part VI, Section B. - Question 11B

Prior to filing, a meeting was held with Teaching Matters, Inc.'s independent auditors to discuss and review the Form 990. All board members were invited to this meeting.

Part VI, Section B. - Question 11B

Teaching Matters, Inc. collectS signed conflict of interest policy forms from each Board Member and highest compensated employee at the first meeting of the Board of Directors each year. Any changes from the previous year are researched by Teaching Matters, Inc.

Part VI, Section B. - Question 15A

The Board sets the salary of the executive director using guidelines provided by the Nonprofit Coordinating Committee Salary Survey, which is a benchmark of comparable organizations.

Part VI, Section B. - Question 15B

The highest compensated employees meet annually with the executive director. At this meeting there is a performance review and then a decision is made regarding compensation for the coming year based on benchmarks of salary from comparable organizations. These salary recommendations are submitted for Board approval.

Part VI, Section C. - Question 19

Teaching Matters, Inc. makes it governing documents, conflict of interest policy, and financial statements available to the public on its website.

Filing and Contact Details

Filer

Filer Name
Teaching Matters Inc
EIN
13-3770472
In Care Of
% CHRISTA M BOGGIO MBA
Phone
2128703571
Address
475 RIVERSIDE DRIVE suite 1270, NEW YORK, NY 10115

Signing Officer

Name
Joseph C Lewis
Title
Treasurer
Phone
2128703571
Signed
2016-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph C Lewis
Formed
1994
Legal Domicile
De
Voting Board Members
13
Independent Board Members
13
Employees
75
Volunteers
40

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY L
Address
ONE BATTERY PARK PLAZA, NEW YORK, NY 10004-1405
Preparer
James J Reilly
Phone
2126617777
Supplemental Narrative

Additional Explanations

Part III - Line 1

teaching matters is dedicated to increasing teacher effectiveness, one of the most critical factors in student success. our services transform how educators work together at urban public schools, helping the most effective teachers develop the skills they need to lead their peers and drive school-wide improvement. we also partner with district and school leadership to create a work environment that equips teachers to succeed. PART III - LINE 4A teaching matters works to close the learning gap in urban public schools where there is an urgent need for great teachers. we partner with districts and schools to increase teacher effectiveness in measurable and sustainable ways. we develop teacher leaders and teachers in five key areas: teacher leadership; literacy, math, early reading and formative assessment. in 2014/15 we provided in-depth programming to approximately 35,000 students, 1,255 teacher leaders and teachers IN 96 schools. teacher leadership development teaching matters partners with districts and schools to provide scalable models for teacher leadership development. we have pioneered a nationally recognized, competency-based approach aligned to national standards including two programs emerging teacher leaders and teacher leadership matters. this outcomes-based approach employs micro-credentials to develop, assess and recognize the competencies of teacher leaders to guide their peers toward improved instruction. we have currently issued over 550 micro-credentials in teacher leadership - more than any other education organization. teacher development in content and pedagogy: (math, literacy, early reading, assessment) to address the urgent need for skilled teachers in high needs schools, we develop the content and pedagogical skills of teacher leaders and teachers in four critical areas: literacy, math, early reading and formative assessment. we pair this approach with our teacher leader development model which includes competencies in peer coaching and leading professional learning communities. this approach ensures that teacher leaders are positioned to lead the instruction for a sustainable and school-wide impact. recent independent research confirmed statistically significant increases in both ela and math outcomes for more than 1,000 students. preliminary research results show that across all schools participating in our early reading program, first and second grade students rose faster than expected and faster than other grades.

Financial Statement Notes

part V - line 4

Temporarily restricted net assets represent grants received, which are temporarily restricted by the donor for a specific purpose. Once that specific purpose has been met, the funds are released from restriction and are reported in the statement of activities as assets released from restrictions.

part XI - line 2D

Direct special event expenses: 29,533.

part XI - line 2D

Direct special event expenses: 29,533.

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IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF PROGRAM DESIGN
IRS990/Form990PartVIISectionAGrp/TitleTxt16FORMER MANAGER OF BNPS
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.2$0.38$15.8$12.6$11.5$1.15
2023Detailed filing. Detailed filing data is available for this year.$14.2$0.46$13.8$7.70$10.1$2.44
2022Detailed filing. Detailed filing data is available for this year.$16.3$0.42$15.9$7.95$10.0$2.09
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$19.6$0.42$19.2$14.2$7.66$6.49
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.7$1.16$11.5$5.87$7.18$1.31
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.6$0.22$12.4$6.26$6.13$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.2$0.17$12.0$9.88$6.10$3.78
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.78$0.30$8.48$8.30$6.01$2.29
2016Summary only. Only limited summary data is available for this year.$6.27$0.32$5.95$4.72$5.43$0.71
2015Detailed filing. Detailed filing data is available for this year.$6.71$0.21$6.50$5.41$5.86$0.45
2014Summary only. Only limited summary data is available for this year.$7.70$0.55$7.15$7.45$7.15$0.30
2013Summary only. Only limited summary data is available for this year.$7.71$0.89$6.82$5.76$5.24$0.52
2012Summary only. Only limited summary data is available for this year.$6.52$0.22$6.30$5.13$5.03$0.11
2011Summary only. Only limited summary data is available for this year.$6.73$0.53$6.20$6.67$6.14$0.54
Peer Organizations

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