Civic Intelligence

The Teaching Trust

990 • Fiscal year 2015 • EIN 27-2485117

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 02, 2016

Organization Profilewww.teachingtrust.org
1825 Market Center BlvdDallas, TX 75207

(214) 206-3849

Siviq Scores

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

Liabilities / Assets

13th percentile

0.01x

Higher debt load relative to assets than 13% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

9th percentile

0.00x

Higher debt load relative to revenue than 9% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

92nd percentile

53%

Higher net margin than 92% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

64th percentile

$153,055

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

98th percentile

205%

Faster asset growth than 98% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

95th percentile

126%

Faster revenue growth than 95% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$4,426,752

Up $2,975,740 (+205%) from 2014

Net Assets

Up

$4,404,230

Up $3,022,747 (+219%) from 2014

Liabilities

Down

$22,522

Down $47,007 (-68%) from 2014

Revenue And Expenses
Liabilities / Revenue9th percentileNet Margin92nd percentile

Revenue

Up

$5,720,288

Up $3,190,303 (+126%) from 2014

Expenses

Up

$2,697,541

Up $694,257 (+35%) from 2014

Net Income

Up

$3,022,747

Up $2,496,046 (+474%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2013: $912,394Liabilities 2013: $57,612Net Assets 2013: $854,7822013Assets 2014: $1,451,012Liabilities 2014: $69,529Net Assets 2014: $1,381,4832014Assets 2015: $4,426,752Liabilities 2015: $22,522Net Assets 2015: $4,404,2302015Assets 2016: $3,702,333Liabilities 2016: $17,844Net Assets 2016: $3,684,4892016Assets 2017: $3,795,449Liabilities 2017: $143,075Net Assets 2017: $3,652,3742017Assets 2020: $7,603,052Liabilities 2020: $1,247,194Net Assets 2020: $6,355,8582020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2015

Assets$4,426,752
Liabilities$22,522
Net Assets$4,404,230
Open 2015 Filing

Operations Trend

Revenue Growth95th percentile

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

$10M$5.0M$0-$5.0M-$10MExpenses 2013: $1,306,3602013Revenue 2014: $2,529,985Expenses 2014: $2,003,284Net Income 2014: $526,7012014Revenue 2015: $5,720,288Expenses 2015: $2,697,541Net Income 2015: $3,022,7472015Revenue 2016: $2,558,116Expenses 2016: $3,277,857Net Income 2016: -$719,7412016Revenue 2017: $3,664,363Expenses 2017: $3,696,478Net Income 2017: -$32,1152017Revenue 2020: $9,938,813Expenses 2020: $9,024,928Net Income 2020: $913,8852020Revenue 2021: $1,277,048Expenses 2021: $7,632,906Net Income 2021: -$6,355,8582021

Highlighted filing

2015

Revenue$5,720,288
Expenses$2,697,541
Net Income$3,022,747
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 2, 2016
Return Version
2014v6.0
Gross Receipts
$5,720,288
Mission and Program Overview

Mission

Teaching trust is focused on school leadership and is dedicated to developing leaders at all levels in schools through three programs (aspiring leaders, leadership teams and ed fellows) and its growing alumni network. In fiscal year 2017, teaching trust supported over 600 leaders in 120 schools serving over 65,000 students in five districts and charter networks.

The teaching trust trains and prepares educators to transform schools through three leadership development programs - the aspiring leaders program, the executive ed program for teams, the ed fellows program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$300,000$3,107,747▲ $2,807,747
Cash and Non-Interest-Bearing Accounts$1,067,394$1,265,276▲ $197,882
Land, Buildings, and Equipment, Net$60,416$53,729▼ $6,687
Prepaid Expenses and Deferred Charges$23,202--
Total Assets$1,451,012$4,426,752▲ $2,975,740
Liabilities
Accounts Payable and Accrued Expenses$69,529$22,522▼ $47,007
Total Liabilities$69,529$22,522▼ $47,007
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,350,000$3,012,747▲ $1,662,747
Unrestricted Net Assets$31,483$1,391,483▲ $1,360,000
Total Net Assets Fund Balance$1,381,483$4,404,230▲ $3,022,747
Total Liabilities and Net Assets / Fund Balance$1,451,012$4,426,752▲ $2,975,740

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$53,729$11,346$65,075
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick HaughPresidentceoFT$149,117$3,938$153,055
Rosemary PerlmeterManaging PartnerFT$86,511-$86,511

Board Members and Trustees

NameTitle
Carrie KirbyPresident
Jay AltmenDirector
Thaly GermainDirector
Terry FlowersSecretary
Ellen WoodTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,490,458
Program Service Revenue
$229,830
Investment Income
$0
Other Revenue
$0
All Other Contributions
$5,490,458
Change in Net Assets
$3,022,747

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,720,288
Total Revenue per Audited Statements
$5,720,288
Total Revenue per Form 990
$5,720,288
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,877,033
Other Expenses$820,508
Total Fundraising Expense$51,096
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,421,240$145,126$41,167$1,607,533
Occupancy$109,828$20,291$203$130,322
Payroll Taxes$106,004$12,565$3,784$122,353
Other Employee Benefits$96,381$11,424$3,440$111,245
Office Expenses$93,711$13,368$71$107,150
Information Technology$66,626$10,848$22$77,496
Fees for Services Accounting$11,347$53,126$277$64,750
Other Expenses$58,842$4,996$190$64,028
Fees for Services Other$6,770$31,696$165$38,631
Pension Plan Contributions$31,105$3,687$1,110$35,902
Travel$16,911$3,889$542$21,342
Conferences and Meetings$13,492$1,547-$15,039
Fees for Services Legal$2,379$11,137$58$13,574
Advertising$7,471$5,569-$13,040
Insurance$10,090$1,769$67$11,926
Depreciation Depletion-$9,296-$9,296
Total Functional Expenses$2,287,723$358,722$51,096$2,697,541

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,697,541
Total Expenses per Audited Statements$2,697,541
Total Expenses per Form 990$2,697,541
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
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

Form 990 governing body review Part VI line 11

“The 990 is prepared by a cpa firm, provided to the treasurer and reviewed by management prior to being filed.”

CEO executive director top management comp Part VI line 15A

“Salaries are set based on comparable data provided by executive recruiters.”

Other officer or key employee compensation Part VI line 15B

“Salaries are set based on third party data provided by executive recruiters. Most of the senior level jobs are hired for unique experiences. We compete with school and charter districts for leadership talent, so we generally pay executive team members higher than local non-profits, but less than executive roles in schools. Our leadership directors, former principals, are paid in line with school principals.”

Governing documents etc available to public Part VI line 19

“Documents are provided to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Teaching Trust
EIN
27-2485117
Address
1825 MARKET CENTER BLVD, Dallas, TX 75207

Signing Officer

Name
Ellen Wood
Title
Treasurer
Phone
2142063849
Signed
2016-03-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Haugh
Formed
2010
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
30
Volunteers
5

Preparer

Firm
Albright Hill and Sumpter PC
Address
105 Saint Marys St Suite 100, Rockwall, TX 75087
Preparer
Jennifer S Hill
Phone
9722705452
Supplemental Narrative

Financial Statement Notes

Footnote for uncertain tax position under FIN 48 (Part X)

“The trust files an annual information return. With few exceptions, the trust is no longer subject to u.s. Federal income tax examinations by tax authorities for years before june, 2011. The trust has adopted the provisions of fasb asc 740, accounting for uncertainty in income taxes. There were no unrecognized tax benefits as of june 30, 2015 and 2014. The trust recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in administrative expense. There were no such interest and penalties for the years ended june 30, 2015 and 2014.”

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IRS990/ProgSrvcAccomActy2Grp/Desc0THE EXECUTIVE ED FOR TEAMS - THIS PROGRAM PREPARES SCHOOL LEADERSHIP TEAMS TO BUILD CAPACITY IN ORDER TO DRIVE AND SUSTAIN SIGNIFICANT IMPROVEMENT IN CULTURE, INSTRUCTION AND ACADEMIC PERFORMANCE IN THEIR SCHOOLS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0ED POLICY FELLOWS PROGRAM - THIS PROGRAM DEVELOPS TEACHER LEADERS WHO WANT TO HAVE INCREASED INFLUENCE AND IMPACT BY TAKING ON ROLES SUCH AS DEPARTMENT OR GRADE LEVEL CHAIRS.
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IRS990ScheduleD/ExpensesSubtotalAmt02697541
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IRS990ScheduleD/RevenueSubtotalAmt05720288
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST FILES AN ANNUAL INFORMATION RETURN. WITH FEW EXCEPTIONS, THE TRUST IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE JUNE, 2011. THE TRUST HAS ADOPTED THE PROVISIONS OF FASB ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THERE WERE NO UNRECOGNIZED TAX BENEFITS AS OF JUNE 30, 2015 AND 2014. THE TRUST RECOGNIZES INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN ADMINISTRATIVE EXPENSE. THERE WERE NO SUCH INTEREST AND PENALTIES FOR THE YEARS ENDED JUNE 30, 2015 AND 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Footnote for uncertain tax position under FIN 48 (Part X)
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05720288
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PATRICK HAUGH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENTCEO
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PREPARED BY A CPA FIRM, PROVIDED TO THE TREASURER AND REVIEWED BY MANAGEMENT PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SALARIES ARE SET BASED ON COMPARABLE DATA PROVIDED BY EXECUTIVE RECRUITERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SALARIES ARE SET BASED ON THIRD PARTY DATA PROVIDED BY EXECUTIVE RECRUITERS. MOST OF THE SENIOR LEVEL JOBS ARE HIRED FOR UNIQUE EXPERIENCES. WE COMPETE WITH SCHOOL AND CHARTER DISTRICTS FOR LEADERSHIP TALENT, SO WE GENERALLY PAY EXECUTIVE TEAM MEMBERS HIGHER THAN LOCAL NON-PROFITS, BUT LESS THAN EXECUTIVE ROLES IN SCHOOLS. OUR LEADERSHIP DIRECTORS, FORMER PRINCIPALS, ARE PAID IN LINE WITH SCHOOL PRINCIPALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE PROVIDED TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
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ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,426,752
Liabilities
$22,522
Net assets
$4,404,230
Revenue
$5,720,288
Expenses
$2,697,541
Net income
$3,022,747
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$1.28$7.63$6.36
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.60$1.25$6.36$9.94$9.02$0.91
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.80$0.14$3.65$3.66$3.70$0.03
2016Detailed filing. Detailed filing data is available for this year.$3.70$0.02$3.68$2.56$3.28$0.72
2015Detailed filing. Detailed filing data is available for this year.$4.43$0.02$4.40$5.72$2.70$3.02
2014Detailed filing. Detailed filing data is available for this year.$1.45$0.07$1.38$2.53$2.00$0.53
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.06$0.85$1.31
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $5M-$10M nonprofits