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Nonprofit · EIN 76-0679535

FUND FOR TEACHERS A FOUNDATION TO RECOGNIZE STIMULATE AND ENHANCE

Also known as PLANK SUMMER CHALLENGE

Tax-exempt · HOUSTON, TX 77007

Financials

$2M$3.8M2023$2.4M$3.6M2024
Revenue Expenses · by fiscal year end
Financials of FUND FOR TEACHERS A FOUNDATION TO RECOGNIZE STIMULATE AND ENHANCE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,449,668$3,586,926-$1,137,258$17,730,187$836,765$16,893,422
December 31, 2023990$2,017,539$3,774,615-$1,757,076$17,934,222$579,707$17,354,515
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$790,612
Program service revenue
$0
Investment income
$1,619,990
Royalties
$9,066
Net gain from sales of assets
$748,448
Other revenue
$39,066

Expenses

Grants and similar amounts paid
$1,647,471
Compensation of officers, directors and key employees
$641,693
Other salaries and wages
$324,601
Salaries, compensation and benefits (total)
$1,274,097
Professional fundraising fees
$0
Legal fees
$8,830
Accounting fees
$36,300
Occupancy
$115,656
Travel
$29,769
Depreciation
$31,738
Program services (functional)
$3,015,378
Management and general (functional)
$303,547
Fundraising (functional)
$268,001

Balance sheet and other

Total assets, start of year
$17,934,222
Total assets, end of year
$17,730,187
Total liabilities, end of year
$836,765
Net assets, end of year
$16,893,422
Publicly traded securities
$16,781,649
Net assets without donor restrictions
$16,684,337
Net assets with donor restrictions
$209,085
Gross receipts
$6,206,220
Employees
0
Volunteers
650
Year formed
2001
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
KAREN ECKHOFFPRESIDENT/EXECUTIVE DIRECTOR
Trustee or director, Officer
40$197,923
PATTI MCKEECHIEF FINANCIAL OFFICER
Key employee
40$180,963
STEPHANIE ASCHERLCOO/SECRETARY/TREASURER
Officer
40$147,008
CARRIE CATONDIRECTOR OF COMMUNICATIONS
Highest-paid employee
30$124,408
STEPHEN G BUTLERCHIEF DEVELOPMENT OFFICER
Highest-paid employee
40$115,799
SALMA ZAKYPROGRAM MANAGER
Highest-paid employee
40$107,448
PEGGY BROOKINSDIRECTOR
Trustee or director
1$0
DAN CHALLENERDIRECTOR
Trustee or director
1$0
JOHN C GULLADIRECTOR
Trustee or director
1$0
KATE MADSEN KRAYCIRIKDIRECTOR
Trustee or director
1$0
CHRISTOPHER A SANTIAGODIRECTOR
Trustee or director
1$0
DOANNIE TRANDIRECTOR
Trustee or director
1$0
JONAS ZUCKERMANDIRECTOR/CHAIRMAN
Trustee or director
1$0
DOROTHEA V ENGLERDIRECTOR
Trustee or director
0$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensation
KAREN KOVACH-WEBBPRESIDENT/EXECUTIVE DIRECT
Trustee or director, Officer
40$191,114
STEPHEN G BUTLERCHIEF DEVELOPMENT-OFFICER
Key employee
40$184,500
PATTI MCKEECHIEF FINANCIAL OFFICER
Key employee
40$174,737
STEPHANIE ASCHERLCOO/SECRETARY/TREASURER
Officer
40$141,951
CARRIE CATONDIRECTOR OF COMMUNICATIONS
Highest-paid employee
30$120,128
SALMA ZAKYPROGRAM MANAGER
Highest-paid employee
40$103,751
PEGGY BROOKINSDIRECTOR
Trustee or director
1$0
DAN CHALLENERDIRECTOR
Trustee or director
1$0
DOROTHEA V ENGLERDIRECTOR
Trustee or director
1$0
JOHN C GULLADIRECTOR
Trustee or director
1$0
KATE MADSEN KRAYCIRIKDIRECTOR
Trustee or director
1$0
CHRISTOPHER A SANTIAGODIRECTOR/CHAIRMAN
Trustee or director
1$0
DOANNIE TRANDIRECTOR
Trustee or director
1$0
JONAS ZUCKERMANDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
55 WAUGH DR STE 603, HOUSTON, TX 77007-5834
In care of
% MELISSA L REYNOLDS
Principal officer (990 for 2024)
KAREN E ECKHOFF, 55 WAUGH DRIVE STE 603, HOUSTON, TX 77007
Signed the 990
KAREN E ECKHOFF, PRESIDENT/EXECUTIVE DIRECTOR
Phone
(346) 258-6206
Return prepared by
HARPER & PEARSON COMPANY PC

Mission

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.

990 for the year ended December 31, 2024

Program accomplishments

  • THE FUND FOR TEACHERS AWARDED 400 GRANTS TO EDUCATORS OF DISTINGUISHED STATUS AND SCHOOL DISTRICTS FOR THE PURPOSE OF CONTINUING THEIR EDUCATION AND TRAINING.
    Expenses $3,015,378 · grants $1,647,471

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
76-0679535
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2001
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B99)
Assets (IRS master file)
$17,730,187
Income (IRS master file)
$6,206,220

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,449,668$3,586,926$17,730,187IRS
990December 2023$2,017,539$3,774,615$17,934,222XML
990December 2022$1,919,594$3,211,725$18,198,855IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 76-0679535).

Questions about FUND FOR TEACHERS A FOUNDATION TO RECOGNIZE STIMULATE AND ENHANCE

What is the EIN of FUND FOR TEACHERS A FOUNDATION TO RECOGNIZE STIMULATE AND ENHANCE?
The employer identification number (EIN) of FUND FOR TEACHERS A FOUNDATION TO RECOGNIZE STIMULATE AND ENHANCE is 76-0679535.
Is FUND FOR TEACHERS A FOUNDATION TO RECOGNIZE STIMULATE AND ENHANCE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
Are donations to FUND FOR TEACHERS A FOUNDATION TO RECOGNIZE STIMULATE AND ENHANCE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FUND FOR TEACHERS A FOUNDATION TO RECOGNIZE STIMULATE AND ENHANCE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FUND FOR TEACHERS A FOUNDATION TO RECOGNIZE STIMULATE AND ENHANCE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FUND FOR TEACHERS A FOUNDATION TO RECOGNIZE STIMULATE AND ENHANCE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FUND FOR TEACHERS A FOUNDATION TO RECOGNIZE STIMULATE AND ENHANCE?
The 990 for the year ended December 31, 2024 names KAREN E ECKHOFF.
Who are the officers and directors of FUND FOR TEACHERS A FOUNDATION TO RECOGNIZE STIMULATE AND ENHANCE?
The 990 for the year ended December 31, 2024 lists 14 people; 6 received compensation from the organization, the highest $197,923 (KAREN ECKHOFF, PRESIDENT/EXECUTIVE DIRECTOR).
How much revenue does FUND FOR TEACHERS A FOUNDATION TO RECOGNIZE STIMULATE AND ENHANCE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,449,668, expenses of $3,586,926 and total assets of $17,730,187 at year end.

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