Civic Intelligence

The Teaching Trust

990 • Fiscal year 2020 • EIN 27-2485117

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 30, 2021

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

49th percentile

0.16x

Higher debt load relative to assets than 49% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

35th percentile

0.13x

Higher debt load relative to revenue than 35% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

60th percentile

9.2%

Higher net margin than 60% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

83rd percentile

$241,820

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

83rd percentile

34%

Faster asset growth than 83% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

66th percentile

9.9%

Faster revenue growth than 66% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$7,603,052

Up $3,807,603 (+100%) from 2017

Net Assets

Up

$6,355,858

Up $2,703,484 (+74%) from 2017

Liabilities

Up

$1,247,194

Up $1,104,119 (+772%) from 2017

Revenue

Up

$9,938,813

Up $6,274,450 (+171%) from 2017

Expenses

Up

$9,024,928

Up $5,328,450 (+144%) from 2017

Net Income

Up

$913,885

Up $946,000 (+2946%) 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 2020: $7,603,052Liabilities 2020: $1,247,194Net Assets 2020: $6,355,8582020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2020

Assets$7,603,052
Liabilities$1,247,194
Net Assets$6,355,858

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 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

2020

Revenue$9,938,813
Expenses$9,024,928
Net Income$913,885
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 30, 2021
Return Version
2019v5.0
Gross Receipts
$9,938,813
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$3,056,037$6,881,621▲ $3,825,584
Pledges and Grants Receivable$1,388,200$0▼ $1,388,200
Land, Buildings, and Equipment, Net$463,213$375,531▼ $87,682
Savings and Temporary Cash Investments-$250,792-
Accounts Receivable$711,684$75,176▼ $636,508
Prepaid Expenses and Deferred Charges$61,902$19,932▼ $41,970
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$5,681,036$7,603,052▲ $1,922,016
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable-$1,068,112-
Deferred Revenue$181,958$155,603▼ $26,355
Accounts Payable and Accrued Expenses$57,105$23,479▼ $33,626
Total Liabilities$239,063$1,247,194▲ $1,008,131
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,816,973$6,013,858▲ $2,196,885
Net Assets With Donor Restrictions$1,625,000$342,000▼ $1,283,000
Total Net Assets Fund Balance$5,441,973$6,355,858▲ $913,885
Total Liabilities and Net Assets / Fund Balance$5,681,036$7,603,052▲ $1,922,016

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$280,950$167,310$448,260
Leasehold Improvements$94,581$47,290$141,871
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick HaughCEOFT$227,275$13,563$241,820
Stephanie StewartChief Lrn OfcrFT$192,472$9,346$207,278
Allison MyattCOOFT$186,615$13,691$200,306
Marissa WolfChief Prog. OffFT$175,806$13,701$187,561
Marvin L SmithChief Dev. Off.FT$175,263$16,706$187,473
Teresa KhirallahProgram OfficerFT$146,294$8,672$154,966
Lauren FrankProgram OfficerFT$139,557$11,456$151,013
Matthew PiersonProgram OfficerFT$139,557$4,032$143,589
Aaronthomas GreenProgram OfficerFT$128,843$11,053$139,896
Zubair Ali SaiyedProgram OfficerFT$128,843$1,715$130,558

Board Members and Trustees

NameTitle
Darren IsomDirector
Jerry HawkinsDirector
Lucy CastilloDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Conscious Consulting LLCProfessional Development3100 CARLISLE ST 7105, Dallas, TX 75204$138,808
Karve Media & Creative ServicesVideo Production5803 ROSS AVE UNIT C, Dallas, TX 75206$123,000
Revenue and Support

Revenue Composition

Contributions and Grants
$338,122
Program Service Revenue
$9,579,195
Investment Income
$13,513
Other Revenue
$7,983
All Other Contributions
$338,122
Change in Net Assets
$913,885
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,562,957
Other Expenses$2,461,971
Total Fundraising Expense$524,678
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,612,623$34,153$944$4,647,720
Current Officers, Directors, Trustees, and Key Employees$641,608$125,169$248,622$1,015,399
All Other Expenses$334,940$51,842$38,323$425,105
Other Employee Benefits$401,505$8,131$5,171$414,807
Payroll Taxes$366,536$10,291$16,284$393,111
Travel$252,020$27,129$21,953$301,102
Information Technology$210,066$37,270$32,397$279,733
Occupancy$111,412$47,438$37,951$196,801
Fees for Services Other$112,590$39,444$26,637$178,671
Other Expenses$145,659$15,276$12,240$173,175
Pension Plan Contributions$89,710$43$2,167$91,920
Depreciation Depletion$79,791$4,384$3,507$87,682
Fees for Services Accounting-$55,900-$55,900
Fees for Services Legal-$42,008-$42,008
Insurance$6,985$3,175$2,540$12,700
Office Expenses$504$229$184$917
Total Functional Expenses$7,903,785$596,465$524,678$9,024,928
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
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
2021-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Haugh
Formed
2010
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
59
Volunteers
9

Preparer

Firm
Sutton Frost Cary LLP
Address
600 Six Flags Dr Suite 600, Arlington, TX 76011
Preparer
Carroll Elizabeth Arnott
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. OTHER PROGRAM SERVICES 5: LEAD- Dallas (the Leader Excellence, Advancement and Development (LEAD)Developed and executed in partnership with Dallas ISD, LEAD is a professional development program that focuses on four key areas: attracting talented, diverse candidates who could become high-quality principal candidates; growing leaders at all levels into strong principal candidates; providing exceptional professional development for campus leaders; and identifying strategies to retain top-tier principals.

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