2024-11-11T09:02:15-06:00 2023-12-31 741695589 HARPER & PEARSON COMPANY PC ONE RIVERWAY SUITE 1900 HOUSTON TX 77056 990 2023-01-01 760679535 THE FUND FOR TEACHERS FUND 3462586206 55 WAUGH DRIVE STE 603 HOUSTON TX 77007 KAREN KOVACH-WEBB PRESIDENT/EXECUTIVE DIRECTOR 3462586206 2024-11-08 1 0 SHANNON M ALLISON CPA P00851395 7136222310 2023 2024-10-15 13:58:12Z KAREN KOVACH-WEBB 55 WAUGH DRIVE STE 603 HOUSTON TX 77007 6538442 0 X WWW.FUNDFORTEACHERS.ORG X 2001 TX FUND FOR TEACHERS STRENGTHENS INSTRUCTION BY INVESTING IN OUTSTANDING TEACHERS' SELF-DETERMINED PROFESSIONAL GROWTH AND DEVELOPMENT IN ORDER TO SUPPORT STUDENT SUCCESS, ENRICH THEIR OWN PRACTICE, AND STRENGTHEN THEIR SCHOOLS AND COMMUNITIES. 9 8 0 650 0 0 946035 782987 0 0 954049 1226705 19510 7847 1919594 2017539 1146595 1680577 0 0 1177469 1325821 0 0 400060 887661 768217 3211725 3774615 -1292131 -1757076 18198855 17934222 650394 579707 17548461 17354515 FUND FOR TEACHERS STRENGTHENS INSTRUCTION BY INVESTING IN OUTSTANDING TEACHERS' SELF-DETERMINED PROFESSIONAL GROWTH AND DEVELOPMENT IN ORDER TO SUPPORT STUDENT SUCCESS, ENRICH THEIR OWN PRACTICE, AND STRENGTHEN THEIR SCHOOLS AND COMMUNITIES. 0 0 3058560 1680577 THE FUND FOR TEACHERS AWARDED 431 GRANTS TO EDUCATORS OF DISTINGUISHED STATUS AND SCHOOL DISTRICTS FOR THE PURPOSE OF CONTINUING THEIR EDUCATION AND TRAINING. 3058560 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 20 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X KAREN KOVACH-WEBB 3462586206 55 WAUGH DRIVE SUITE 603 HOUSTON TX 77007 PEGGY BROOKINS DIRECTOR 1.00 X 0 0 0 DAN CHALLENER DIRECTOR 1.00 X 0 0 0 DOROTHEA V ENGLER DIRECTOR 1.00 X 0 0 0 JOHN C GULLA DIRECTOR 1.00 X 0 0 0 KAREN KOVACH-WEBB PRESIDENT/EXECUTIVE DIRECT 40.00 X X 191114 0 0 KATE MADSEN KRAYCIRIK DIRECTOR 1.00 X 0 0 0 CHRISTOPHER A SANTIAGO DIRECTOR/CHAIRMAN 1.00 X 0 0 0 DOANNIE TRAN DIRECTOR 1.00 X 0 0 0 JONAS ZUCKERMAN DIRECTOR 1.00 X 0 0 0 STEPHANIE ASCHERL COO/SECRETARY/TREASURER 40.00 X 141951 0 0 STEPHEN G BUTLER CHIEF DEVELOPMENT-OFFICER 40.00 X 184500 0 0 PATTI MCKEE CHIEF FINANCIAL OFFICER 40.00 X 174737 0 0 CARRIE CATON DIRECTOR OF COMMUNICATIONS 30.00 X 120128 0 0 SALMA ZAKY PROGRAM MANAGER 40.00 X 103751 0 0 916181 0 0 6 0 1 0 0 782987 782987 517608 517608 7847 7847 5230000 4520903 709097 709097 709097 2017539 0 0 1234552 1680577 1680577 692304 455721 67124 169459 313435 206324 30390 76721 245800 161802 23832 60166 74282 48897 7202 18183 33750 33750 34547 34547 249922 243262 6660 93856 85062 5799 2995 24762 17429 2178 5155 92460 63398 22130 6932 124576 77151 11690 35735 45308 18004 17805 9499 31744 31744 7130 7130 MEALS 12310 933 10048 1329 BANK CHARGES 7308 7138 170 FUNDRAISING AND SPECIAL 7056 7056 SUBSCRIPTIONS & PUBLICA 1166 1166 2322 2322 3774615 3058560 315995 400060 332965 652982 5540 7906 158714 126976 63482 31738 17568892 17122097 227976 119499 18198855 17934222 22815 27958 383223 49090 244356 127659 0 375000 650394 579707 X 16348005 16540420 1200456 814095 17548461 17354515 18198855 17934222 -1757076 1561047 2083 0 X X 0 1 X 1 0 X 1604209 873259 1646823 946035 782987 5853313 1604209 873259 1646823 946035 782987 5853313 214527 5638786 189185 168043 714161 240072 525455 1836916 35087 35087 7725316 0.72990 0.73350 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: CONNECTICUT PROGRAM DATE: 10/31/23 AMOUNT: 167500. DESCRIPTION: CONNECTICUT PROGRAM DATE: 03/31/23 AMOUNT: 307000. DESCRIPTION: CONNECTICUT PROGRAM DATE: 10/31/22 AMOUNT: 350000. DESCRIPTION: CONNECTICUT PROGRAM DATE: 03/31/22 AMOUNT: 350000. DESCRIPTION: CONNECTICUT PROGRAM DATE: 11/15/21 AMOUNT: 350000. DESCRIPTION: CONNECTICUT PROGRAM DATE: 03/08/21 AMOUNT: 200000. DESCRIPTION: CONNECTICUT PROGRAM DATE: 03/06/20 AMOUNT: 500000. DESCRIPTION: CONNECTICUT PROGRAM DATE: 08/15/19 AMOUNT: 300000. DESCRIPTION: CONNECTICUT PROGRAM DATE: 03/27/19 AMOUNT: 550000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 158714 126976 31738 31738 REFUNDABLE ADVANCES 375000 375000 X 3546122 1561047 2083 1563130 1982992 34547 34547 2017539 3740068 0 3740068 34547 34547 3774615 PART X, LINE 2: FUND FOR TEACHERS BELIEVES THAT ALL SIGNIFICANT TAX POSITIONS UTILIZED BY FUND FOR TEACHERS WILL MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION. AS OF DECEMBER 31, 2023, THE TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION BY THE MAJOR TAX JURISDICTIONS UNDER THE STATUE OF LIMITATIONS ARE FROM THE YEAR 2020 FORWARD (WITH LIMITED EXCEPTIONS). TAX PENALTIES AND INTEREST, IF ANY, WOULD BE ACCRUED AS INCURRED AND WOULD BE CLASSIFIED AS MANAGEMENT AND GENERAL EXPENSE IN THE STATEMENT OF ACTIVITIES. 1 GRANTS TO EDUCATORS OF DISTINGUISHED STATUS AND SCHOOL DISTRICTS FOR THE PURPOSE OF CONTINUING THEIR EDUCATION AND TRAINING. 431 1680577 PART I, LINE 2: THE FUND FOR TEACHERS REQUIRES AN EXPENSE REPORT DETAILING THE USE OF FUNDS AS WELL AS COPIES OF RECEIPTS AND AN ONLINE SUBMISSION OF A TWO-PAGE SUMMARY REPORT OF FELLOWSHIP EXPERIENCE. X 0 0 0 0 0 0 0 0 0 KAREN KOVACH-WEBB PRESIDENT/EXECUTIVE DIRECT 191114 0 0 0 0 0 0 0 0 0 191114 0 0 0 STEPHEN G BUTLER CHIEF DEVELOPMENT-OFFICER 184500 0 0 0 0 0 0 0 0 0 184500 0 0 0 PATTI MCKEE CHIEF FINANCIAL OFFICER 174737 0 0 0 0 0 0 0 0 0 174737 0 0 0 FORM 990, PART I, LINE I: ADDITIONAL EXPLANATION FUND FOR TEACHERS SUPPORTS THE EFFORTS OF EDUCATORS TO DEVELOP SKILLS, KNOWLEDGE, AND CONFIDENCE THAT IMPACT STUDENT ACHIEVEMENT. FUND FOR TEACHERS GRANTS VALIDATE TEACHERS AS PROFESSIONALS AND LEADERS. SINCE 2001, FUND FOR TEACHERS HAS INVESTED IN APPROXIMATELY 9,500 TEACHERS, TRANSFORMING GRANTS INTO GROWTH FOR TEACHERS AND STUDENTS. FORM 990, PART VI, SECTION B, LINE 11B ONCE THE AUDIT COMMITTEE APPROVES THE ANNUAL AUDIT, THE BOARD OF DIRECTORS RELIES ON MANAGEMENT TO REVIEW AND FILE THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER AND EMPLOYEE SHALL ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. FORM 990, PART VI, SECTION B, LINE 15 FOR 2023, THE EXECUTIVE DIRECTOR'S COMPENSATION WAS APPROVED BY THE BOARD OF DIRECTORS AS PART OF THE REVIEW AND APPROVAL OF THE ORGANIZATION'S ANNUAL OPERATING BUDGET. THE COMPENSATION OF OTHER OFFICERS AND EMPLOYEES IS DETERMINED BY THE FUND FOR TEACHERS EXECUTIVE DIRECTOR USING COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DECISION AND APPROVED AS PART OF THE REVIEW AND APPROVAL OF THE ANNUAL OPERATING BUDGET. AS OF 2022, THE BOARD OF DIRECTORS FORMED A COMPENSATION COMMITTEE TO PERFORM AN ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE FUND FOR TEACHERS MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AUDITED FINANCIALS STATEMENTS, AND FORMS 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS THE COMMITTEE USES FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PREVIOUS YEAR. FORM 990, PART V, LINE 2B: THE FUND FOR TEACHERS IS A CO-EMPLOYER WITH TRINET AND DOES NOT FILE FORM W-3. TRINET FILES THIS FORM UNDER ITS TAX IDENTIFICATION NUMBER.