Department of the Treasury Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
Attach to Form 990 or Form 990-EZ. See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
Teach for America Inc
Employer identification number
13-3541913
Part I
Reason for Public Charity Status
(All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2).
f
If the organization received a written determination from the IRS that it is a Type I, Type II or Type III supporting organization, check this box
..................................................
g
Since August 17, 2006, has the organization accepted any gift or contribution from any of the following persons?
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization?
................
11g(i)
(ii)
a family member of a person described in (i) above?
......................
11g(ii)
(iii)
a 35% controlled entity of a person described in (i) or (ii) above?
................
11g(iii)
h
Provide the following information about the supported organization(s).
(i) Name of supported organization
(ii) EIN
(iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions))
(iv) Is the organization in col. (i) listed in your governing document?
(v) Did you notify the organization in col. (i) of your support?
(vi) Is the organization in col. (i) organized in the U.S.?
(vii) Amount of support?
Yes
No
Yes
No
Yes
No
Total
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (Complete only if you checked the box on line 5, 7, or 8 of Part I or if the
organization failed to qualify under Part III. If the organization fails to
qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....
76,939,083
142,345,312
251,515,886
193,027,434
243,647,246
907,474,961
2
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3
The value of services or facilities furnished by a governmental unit to the organization without charge..
4
Total. Add lines 1 through 3..
76,939,083
142,345,312
251,515,886
193,027,434
243,647,246
907,474,961
5
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included
on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
59,270,892
6
Public Support. Subtract line 5 from line 4.
848,204,069
Section B. Total Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
7
Amounts from line 4..
76,939,083
142,345,312
251,515,886
193,027,434
243,647,246
907,474,961
8
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
1,494,757
1,519,476
471,601
507,333
378,505
4,371,672
9
Net income from unrelated business activities, whether or not the business is regularly carried on..
14,169
14,740
28,909
10
Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..
111,371
131,067
1,766,056
2,363,219
4,325,712
8,697,425
11
Total support (Add lines 7 through 10).
920,572,967
12
Gross receipts from related activities, etc. (See instructions.)
..................
12
74,087,861
13
First Five Years
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here..........................................
Section C. Computation of Public Support Percentage
14
Public Support Percentage for 2010 (line 6 column (f) divided by line 11 column (f))
.........
14
92.139 %
15
Public Support Percentage for 2009 Schedule A, Part II, line 14
...............
15
97.728 %
16a
33 1/3% support test—2010.
If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization
......................
b
33 1/3% support test—2009.
If the organization did not check the box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization
.....................
17a
10%-facts-and-circumstances test—2010.
If the organization did not check a box on line 13, 16a, or 16b and line 14
is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here. Explain
in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly supported
organization
..................................................
b
10%-facts-and-circumstances test—2009.
If the organization did not check a box on line 13, 16a, 16b, or 17a and line
15 is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here.
Explain in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly supported organization
..............................................
18
Private Foundation
If the organization did not check a box on line 13, 16a, 16b, 17a or 17b, check this box and see
instructions
...................................................
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2) (Complete only if you checked the box on line 9 of Part I or if the organization
failed to qualify under Part II. If the organization fails to qualify under
the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3
Gross receipts from activities that are not an unrelated trade or business under section 513..
4
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5
The value of services or facilities furnished by a governmental unit to the organization without charge..
6
Total. Add lines 1 through 5.
7a
Amounts included on lines 1, 2, and 3 received from disqualified persons...
b
Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c
Add lines 7a and 7b..
8
Public Support (Subtract line 7c from line 6.)
Section B. Total Support
Calendar year (or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
9
Amounts from line 6...
10a
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c
Add lines 10a and 10b.
11
Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12
Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)
13
Total support (Add lines 9, 10c, 11 and 12.).
14
First Five Years
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here.............................................
Section C. Computation of Public Support Percentage
15
Public Support Percentage for 2010 (line 8 column (f) divided by line 13 column (f))
.........
15
16
Public support percentage from 2009 Schedule A, Part III, line 15
...............
16
Section D. Computation of Investment Income Percentage
17
Investment income percentage for 2010 (line 10c column (f) divided by line 13 column (f))
......
17
18
Investment income percentage from 2009 Schedule A, Part III, line 17
.............
18
19a
33 1/3% support tests—2010.
If the organization did not check the box on line 14, and line 15 is more than 33 1/3% and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
..........
b
33 1/3% support tests—2009.
If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
....
20
Private Foundation
If the organization did not check a box on line 14, 19a or 19b, check this box and see instructions
.....
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 4
Part IV
Supplemental Information.
Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
Explanation
Schedule A (Form 990 or 990-EZ) 2010
Additional Data
Software ID:
Software Version:
-
TIN:
SCHEDULE O (Form 990 or 990-EZ)
Department of the Treasury Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
Teach for America Inc
Employer identification number
13-3541913
Identifier
Return Reference
Explanation
DOCUMENTATION OF MEETINGS HELD BY COMMITTEES
FORM 990 PART VI, SECTION A, LINE 8B
All of the meetings of the Finance and/or Audit committees of the board were documented through minutes and the majority of the other 7 committees were similarly documented but not all. The organization is implementing a new management process to ensure such documentation is collected consistently throughout the year.
Policies
FORM 990 PART VI
Line 11 - Teach For America's Form 990 was prepared by an independent certified accountant. A draft of the 990 was provided to the Audit Committee of the board of directors for review and approval. Once all questions and comments from the Audit Committee were addressed, a final version of the draft 990 form was made available to the entire board prior to filing via a secure link in an email. Line 12 - Teach For America's conflicts policy covers the activities of officers, directors and key employees. Each year, covered persons are required to sign a disclosure statement indicating their acknowledgement of the conflicts policy and to disclose relationships that might give rise to a conflict. In the event that a potential conflict of interest arises regarding a covered person, that individual is required to immediately disclose the existence of such conflict to the Chairperson of the Board or the Board itself (in cases involving an officer or the Chair). Determinations regarding the policy and its application are made by the Chair or, in cases involving the Chair, the Executive Committee acting on behalf of the Board in accordance with its charter. Line 15 - Teach for America, Inc. uses independent compensation consultants to ensure that the salary set for the CEO is appropriate. Independent compensation consultants are also used to ensure that the salaries for the Operating Committee members and other key officers are appropriate and in line with those of comparable organizations. Compensation is set and adjusted annually at Teach For America. Each year, the President and CFO recommend baseline adjustments to the Finance Committee, which are then approved by the board. These recommendations are based largely on results from independent compensation studies in most years. In the years where the organization does not undertake such a study, we use guiding principles to determine the correct relative positioning for staff member salaries. These guidelines include paying above average relative to the non-profit organizations but not at the top of the market, adhering to internal equity and ensuring we are paying fairly and competitively over the course of staff member careers in the organization. In addition, on an annual basis, the organization conducts a compensation review process - where staff members are evaluated for salary adjustments based on their ability to contribute to the organization, if/whether their roles are impacted by changes in scale of the organization and if/whether their positions warrant an internal, external or geographic market adjustment. Managers provide qualitative guidance, team leaders make percentage recommendations and senior management calibrates to ensure salaries are fair and competitive across the organization and reflective of our compensation philosophy.
Disclosure
FORM 990 PART VI
Line 19 - Teach for America, Inc. makes its Form 990 available to the public by retaining a copy at its place of business. The Form 990 is likewise published on the internet at www.guidestar.org and at www.teachforamerica.org. Teach For America also publishes its financial statements on its website. The organization's governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion. Form 990, Part VII Chief Executive Officer, Wendy Kopp, and Secretary, Tracy-Elizabeth Clay, provide services to a related party, Teach For All. Ms. Kopp works approximately 25 hours per week for Teach For All. Ms. Clay works approximately 12 hours per week for Teach For All.
ORGANIZATION'S PRACTICES FOR OVERSIGHT OF FINANCIAL STATEMENT AUDIT
FORM 990, PART XI
The organization's governing body has a committee charged with oversight of the audit of the organization's financial statements. The committee's process for oversight of the audit, performed by an independent accounting firm, has not changed for the reporting year.
OTHER PROGRAM SERVICE ACCOMPLISHMENTS
FORM 990, PART III, LINE 4D
Alumni Affairs TFA has an alumni base of former corps members all over the world. These individuals present a powerful opportunity to continue to impact the education community through management and government positions. In recognition of the importance of its alumni base, TFA increased its budget for alumni affairs in fiscal 2011.
publications Licensing Fees
Revenue from publications of our findings, approaches, and curricula related to teacher education and effectiveness. These publications are based on years of experiences of Corps Members, alumni, and organizational staff in working in classrooms and schools in low-income communities.
Form 990, Part XI, Line 5 Reconciliation
unrealized gains on investments -931,957
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.