Civic Intelligence

The Teaching Trust

990 • Fiscal year 2019 • EIN 27-2485117

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 24, 2020

1349 Empire CentralDallas, TX 75247

(214) 206-3849

Siviq Scores

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

Liabilities / Assets

31st percentile

0.04x

Higher debt load relative to assets than 31% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

17th percentile

0.03x

Higher debt load relative to revenue than 17% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

77th percentile

19%

Higher net margin than 77% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

82nd percentile

$233,152

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

92nd percentile

45%

Faster asset growth than 92% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

94th percentile

98%

Faster revenue growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$5,681,036

Up $1,885,587 (+50%) from 2017

Net Assets

Up

$5,441,973

Up $1,789,599 (+49%) from 2017

Liabilities

Up

$239,063

Up $95,988 (+67%) from 2017

Revenue

Up

$9,040,202

Up $5,375,839 (+147%) from 2017

Expenses

Up

$7,367,579

Up $3,671,101 (+99%) from 2017

Net Income

Up

$1,672,623

Up $1,704,738 (+5308%) from 2017

Historical Trend

Balance Sheet Trend

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 2019: $5,681,036Liabilities 2019: $239,063Net Assets 2019: $5,441,9732019Assets 2020: $7,603,052Liabilities 2020: $1,247,194Net Assets 2020: $6,355,8582020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2019

Assets$5,681,036
Liabilities$239,063
Net Assets$5,441,973

Operations Trend

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 2019: $9,040,202Expenses 2019: $7,367,579Net Income 2019: $1,672,6232019Revenue 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

2019

Revenue$9,040,202
Expenses$7,367,579
Net Income$1,672,623
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 24, 2020
Return Version
2018v3.1
Gross Receipts
$9,040,202
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.

Teaching trust is a leadership development organization that delivers practice-based training and coaching to school leaders and school leadership teams to accelerate systemic and sustained change in schools and across school districts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,110,121$3,056,037▼ $54,084
Pledges and Grants Receivable$250,000$1,388,200▲ $1,138,200
Accounts Receivable$364,090$711,684▲ $347,594
Land, Buildings, and Equipment, Net$165,239$463,213▲ $297,974
Prepaid Expenses and Deferred Charges$41,551$61,902▲ $20,351
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,931,001$5,681,036▲ $1,750,035
Other Assets Total-$0-
Liabilities
Deferred Revenue-$181,958-
Accounts Payable and Accrued Expenses$161,651$57,105▼ $104,546
Total Liabilities$161,651$239,063▲ $77,412
Net Assets / Fund Balance
Unrestricted Net Assets$2,094,350$3,816,973▲ $1,722,623
Temporarily Rstr Net Assets$1,675,000$1,625,000▼ $50,000
Total Net Assets Fund Balance$3,769,350$5,441,973▲ $1,672,623
Total Liabilities and Net Assets / Fund Balance$3,931,001$5,681,036▲ $1,750,035

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$344,987$103,273$448,260
Leasehold Improvements$118,226$23,645$141,871
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick HaughCEOFT$219,228$13,924$233,152
Stephanie StewartChief Lrn OfcrFT$178,880$13,882$192,762
Allison MyattCOOFT$166,629$12,953$179,582
Abby McconeMd,leadership Dev.FT$117,527$20,116$137,643
Lauren FrankProgram OfficerFT$123,486$10,759$134,245
Teresa KhirallahProgram OfficerFT$125,393$8,167$133,560
Lindyn K KishMd,leadership Dev.FT$119,004$13,024$132,028
Matthew PiersonProgram OfficerFT$125,143$507$125,650
Marisa WolfChief Prog OffFT$76,410$3,169$79,579

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Furniture Marketing GroupSpace Plan/furniture6100 W PLANO PKWY STE 400, Plano, TX 75093$191,238
Conscious Consulting LLCHr Consulting3100 CARLISLE ST 7105, Bedford, TX 76021$165,000
Kellys RestorationRestoration4480 SHILOH ROAD, Midlothian, TX 76065$148,721
Revenue and Support

Revenue Composition

Contributions and Grants
$2,736,348
Program Service Revenue
$6,296,588
Investment Income
$7,266
Other Revenue
$0
All Other Contributions
$2,736,348
Change in Net Assets
$1,672,623

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,040,202
Revenue Not Reported on Form 990
$1,200,000
Total Revenue per Audited Statements
$10,240,202
Total Revenue per Form 990
$9,040,202
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,867,852
Other Expenses$2,499,727
Total Fundraising Expense$368,071
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,082,467$166,330$145,566$3,394,363
Current Officers, Directors, Trustees, and Key Employees$593,148$113,782$145,980$852,910
Occupancy$327,450$33,648$1,383$362,481
Payroll Taxes$273,539$14,236$23,454$311,229
Travel$281,824$5,611$806$288,241
Other Employee Benefits$224,359$12,429$15,853$252,641
Fees for Services Other$157,404$65,896$379$223,679
Information Technology$167,457$6,578$39$174,074
Office Expenses$146,825$15,088$620$162,533
Other Expenses$151,746$3,704$133$155,583
Conferences and Meetings$90,510$5,066-$95,576
Depreciation Depletion$86,104$1,578-$87,682
All Other Expenses$60,034$1,423$11$61,468
Pension Plan Contributions$51,827$1,945$2,937$56,709
Fees for Services Accounting$39,392$16,491$95$55,978
Advertising$35,297$2,125$8,890$46,312
Fees for Services Legal$10,891$4,559$26$15,476
Insurance$8,264$849$36$9,149
Total Functional Expenses$6,493,580$505,928$368,071$7,367,579

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,567,579
Expenses per Audited Statements$7,367,579
Total Expenses per Form 990$7,367,579
Expenses Not Reported on Form 990$1,200,000
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$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

Form 990, Part VI, Line 11B: Form 990 Review Process

The form 990 is prepared by an independent accounting firm, provided to the treasurer and reviewed by management and the finance committee of the board prior to being filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

No officer, board member, employee or agent of teaching trust shall participate in the selection or administration of a vendor if a real or apparent conflict of interest is involved. Such a conflict would arise if an officer, board member, employee or agent, or any member of his/her immediate family, his/her spouse/partner, or an organization that employs or is about to employ any of the parties indicated herein, has a financial interest in the vendor selected. Officer, board members, employees and agents of teaching trust shall neither solicit or accept gratuities, favors or anything of monetary value from vendors.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Salaries are set based on comparable data provided by executive recruiters and compensation consultants. Salaries are set on third party data provided by executive recruiters and compensation consultants. Most of the senior level jobs are hired for unique experiences. We compete with school districts and charter networks for leadership talent, so we can generally pay executive team members in line with comparable positions in nonprofits, school districts, and charter networks. Our managing directors of leadership development, former principals and school leaders are paid in line with experienced school principals of large urabn districts.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Most of the senior level jobs are hired for unique experiences. We compete with school and chapter 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.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents are provided to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Teaching Trust
EIN
27-2485117
Phone
2142063849
Address
1349 EMPIRE CENTRAL, DALLAS, TX 75247

Signing Officer

Name
Patrick Haugh
Title
CEO
Signed
2020-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Haugh
Formed
2010
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
45
Volunteers
9

Preparer

Firm
Sutton Frost Cary LLP
Address
600 Six Flags Dr Suite 600, Arlington, TX 76011
Preparer
Kimberly D Crawford
Phone
8176498083
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Community of Educators Program hosts ongoing professional development opportunities and events for Teaching Trust participants, alumni, and other school leaders across North Texas. Events include Leading for Impact Summit, training featuring nationally-acclaimed education leaders such as Paul Bambrick, school visits, etc.

Financial Statement Notes

Part X : FIN48 Footnote

Teaching Trust is exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code (IRC) and has not been classified as a private foundation as defined in the IRC. Income generated from activities unrelated to Teaching Trusts exempt purposes is subject to tax under IRC Section 511. Teaching Trust had no unrelated business income for the years ended June 30, 2019. Accordingly, no provision has been made for federal income tax.GAAP requires the evaluation of tax positions taken in the course of preparing Teaching Trusts tax return and recognition of a tax liability (or asset) if Teaching Trust has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by Teaching Trust, and has concluded that as of June 30, 2019, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.

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