Civic Intelligence

Teaching Matters Inc.

990 • Fiscal year 2017 • EIN 13-3770472

Sep 01, 2016 to Aug 31, 2017 • Filed on Jul 12, 2018

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

27th percentile

0.03x

Higher debt load relative to assets than 27% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

18th percentile

0.04x

Higher debt load relative to revenue than 18% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

83rd percentile

28%

Higher net margin than 83% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

91st percentile

40%

Faster asset growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

91st percentile

76%

Faster revenue growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$8,779,184

Up $2,511,465 (+40%) from 2016

Net Assets

Up

$8,477,144

Up $2,531,968 (+43%) from 2016

Liabilities

Down

$302,040

Down $20,503 (-6.4%) from 2016

Revenue

Up

$8,297,006

Up $3,581,607 (+76%) from 2016

Expenses

Up

$6,009,669

Up $583,780 (+11%) from 2016

Net Income

Up

$2,287,337

Up $2,997,827 (+422%) from 2016

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

2017

Assets$8,779,184
Liabilities$302,040
Net Assets$8,477,144

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

2017

Revenue$8,297,006
Expenses$6,009,669
Net Income$2,287,337
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jul 12, 2018
Return Version
2016v3.1
Gross Receipts
$8,567,130
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$3,975,599$4,625,004▲ $649,405
Pledges and Grants Receivable$115,000$1,787,160▲ $1,672,160
Cash and Non-Interest-Bearing Accounts$926,914$1,205,835▲ $278,921
Accounts Receivable$416,026$614,426▲ $198,400
Savings and Temporary Cash Investments$600,803$339,236▼ $261,567
Investments Other Securities$143,548$154,369▲ $10,821
Land, Buildings, and Equipment, Net$41,864$28,029▼ $13,835
Prepaid Expenses and Deferred Charges$47,965$25,125▼ $22,840
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$6,267,719$8,779,184▲ $2,511,465
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$111,950$174,250▲ $62,300
Accounts Payable and Accrued Expenses$210,593$127,790▼ $82,803
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$322,543$302,040▼ $20,503
Net Assets / Fund Balance
Unrestricted Net Assets$5,800,176$6,686,985▲ $886,809
Temporarily Rstr Net Assets$145,000$1,790,159▲ $1,645,159
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$5,945,176$8,477,144▲ $2,531,968
Total Liabilities and Net Assets / Fund Balance$6,267,719$8,779,184▲ $2,511,465

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$369,391$368,391
Leasehold Improvements$28,029$191,334$219,363
Other Land Buildings-$23,574$23,574

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$895,000$3,083,160-$1,438,001$2,540,159
2015$531,000$780,000-$416,000$895,000
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lynette Guastaferrochief executive officerFT$172,731$121,439$201,669
william donaldsonFmr. Sr. Education ConsultantFT$59,097$19,122$170,720
Jane CondliffeDeputy DirectorFT$154,597$14,097$168,694
william hellerSr. Education ConsultantFT$131,096-$131,096
fran corvasceSr. Education ConsultantFT$123,475-$123,475
Linda wolvekSr. Education ConsultantFT$114,402-$114,402

Board Members and Trustees

NameTitle
Olga VotisChairwoman
Elizabeth RohatynFounder & Chairwoman Emerita
Donald J DuetVice-chairman
Alan LesgoldBoard Member
Bryan R LawrenceBoard Member
Ingrid EdelmanBoard Member
Janet Dewart BellBoard Member
Julie EngerranBoard Member
Lance LeenerBoard Member
Michael BijaouiBoard Member
Sonny KalsiBoard Member
Dr Edwin A FriedmanFMR. Board Member
Lisa VertucciFMR. Board Member
Joseph C LewisTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$3,771,625
Program Service Revenue
$4,385,664
Investment Income
$140,203
Other Revenue
$-486
All Other Contributions
$3,653,950
Change in Net Assets
$2,287,337

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$36,930Fair Market Value (FMV)
Total Noncash Contributions1$36,930-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,273,666
Revenue Not Reported on Financial Statements
$23,340
Revenue Not Reported on Form 990
$268,911
Total Revenue per Audited Statements
$8,542,577
Total Revenue per Form 990
$8,297,006
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,532,995
Other Expenses$1,004,982
Grants and Similar Amounts Paid$471,692
Total Fundraising Expense$348,181
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,843,016$503,826$251,913$3,598,755
Grants to Domestic Orgs$471,692--$471,692
Payroll Taxes$273,315$48,435$24,218$345,968
Other Employee Benefits$230,240$40,802$20,401$291,443
Fees for Services Other$166,638$73,856-$240,494
Current Officers, Directors, Trustees, and Key Employees$170,123$30,148$15,074$215,345
Information Technology$136,944$1,110$555$138,609
Conferences and Meetings$111,154$6,907$3,453$121,514
Office Expenses$50,592$32,439$11,511$94,542
Pension Plan Contributions$64,372$11,408$5,704$81,484
Occupancy$61,158$10,838$5,419$77,415
Advertising$52,475$5,893$2,947$61,315
Fees for Services Accounting-$53,200-$53,200
Other Expenses$36,282$4,268$2,134$42,684
Fees for Service Investment Mgmnt Fees-$23,340-$23,340
Fees for Services Lobbying-$22,500-$22,500
Depreciation Depletion-$13,835-$13,835
Fees for Services Legal-$6,158-$6,158
Total Functional Expenses$4,753,767$907,721$348,181$6,009,669

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,010,609
Total Expenses per Form 990$6,009,669
Expenses per Audited Statements$5,986,329
Expenses Not Reported on Form 990$24,280
Expenses Not Reported on Financial Statements$23,340
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
sports & arts in school foundationwoodside, NY501(c)(3)Subrecipient grant$471,692
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$24,280
Fundraising Gross Income$22,125
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Luncheon$139,800$22,125$4,888$17,237
Total Events$139,800$22,125$24,280$-2,155
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
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 12B

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
2128703505
Signed
2018-07-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph C Lewis
Formed
1994
Legal Domicile
De
Voting Board Members
11
Independent Board Members
11
Employees
53
Volunteers
25

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 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 2016/17 we provided in-depth programming to approximately 50,288 students, 1,589 teacher leaders and teachers and 214 schools. Teaching Matters transforms how educators work together helping the most effective teachers develop the skills needed to lead their peers and drive school-wide improvement. Teaching Matters core methods include developing teacher leaders and helping teachers improve content-focused instruction. Teaching Matters partners with school systems to raise teacher performance through the following services: Through Teacher Leadership Matters and Emerging Teacher Leaders we collaborate with public school systems to support career pathways for instructional teacher leadership. These initiatives are dedicated to developing the competencies of teacher leaders to lead their colleagues, increase teacher retention rates, and scale expertise of the highest performing educators. They combine in-person, peer-based workshops with online modules and coaching that structures Teacher Leader development. Once they display mastery of the teaching and leadership competencies, Teacher Leaders earn the opportunity to formalize their role, and lead educational initiatives within their schools. Teachers receive micro-credentials by demonstrating competencies through job embedded, practice-based coaching. By distinguishing themselves as effective educators, they earn the responsibility to serve as Teacher Leaders. Teacher Leaders are then coached to guide the rest of the faculty, creating a professional development network for all teachers. Assessment Matters develops the necessary systems and culture for using formative assessment data to drive improved teaching and learning in K-12 schools. This service aims to build school-wide capacity for informed instruction leading to a climate that allows students to take ownership of their learning. Early Reading Matters, Literacy Matters, Math Matters and Writing Matters focus on content-based coaching that can be directly applied to the classroom. These services advance K-12 math and literacy teacher instruction as well as student performance in accordance with Common Core standards. Impact Over the course of 20 plus years, Teaching Matters has offered year-round, in-depth programming to approximately 1,000 schools, 30,000 teachers and 500,000 students. Many of Teaching Matters partner schools are in underserved communities with poverty levels of 89 percent or higher. Self reported teacher retention rates among Teacher Leaders is 42% above the national average. Over 90% of principals in participating schools agree that Teaching Matters improved the overall effectiveness of teachers, and that the Teacher Leaders had a positive effect on teacher evaluations. The organizations programs have increased student performance in math and ELA in over 80% of participating middle schools.

Financial Statement Notes

part V - line 4

During 2016, the Board in agreement with management set aside a reserve of $750,000 (Board-Designated) to be utilized to fund short-term and medium-term programmatic expansion and other identified strategic initiatives. 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: 24,280.

part XI - line 2D

Direct special event expenses: 24,280.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0FOUNDER & CHAIRWOMAN EMERITA
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRWOMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE-CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12FMR. Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13FMR. Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14chief executive officer
IRS990/Form990PartVIISectionAGrp/TitleTxt15DEPUTY DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16Fmr. Sr. Education Consultant
IRS990/Form990PartVIISectionAGrp/TitleTxt17Sr. Education Consultant
IRS990/Form990PartVIISectionAGrp/TitleTxt18Sr. Education Consultant
IRS990/Form990PartVIISectionAGrp/TitleTxt19Sr. Education Consultant
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IRS990/OtherExpensesGrp/Desc1TEMPORARY HELP, RECRUITMENT,
IRS990/OtherExpensesGrp/Desc2AND TRAINING
IRS990/OtherExpensesGrp/Desc3DUES, FEES & SUBSCRIPTIONS
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IRS990/OtherExpensesGrp/TotalAmt20
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0251913
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0503826

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
2017Detailed filing. Detailed filing data is available for this year.$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
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $5M-$10M nonprofits