Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
0 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 41,911,223 | 57,697,298 | 47,233,310 | 47,388,828 | 90,449,853 | |
| 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 | 41,911,223 | 57,697,298 | 47,233,310 | 47,388,828 | 90,449,853 | |
| 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).. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 41,911,223 | 57,697,298 | 47,233,310 | 47,388,828 | 90,449,853 | |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 3,704,306 | 2,282,175 | 3,289,086 | 6,287,657 | 6,811,397 | |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 258,987 | 621,658 | 744,222 | 1,740,790 | 365,598 | |
| 11 | Total support. Add lines 7 through 10 | 97,782,408 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (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.) | 0 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (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 VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2018 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2018 |
(iii) Distributable Amount for 2018 |
|
|---|---|---|---|---|
|
1
Distributable amount for 2018 from Section C, line 6 |
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|
2
Underdistributions, if any, for years prior to 2018 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2018: | ||||
| a From 2013....... | ||||
| b From 2014....... | ||||
| c From 2015....... | ||||
| d From 2016....... | ||||
| e From 2017....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2018 distributable amount | ||||
|
i
Carryover from 2013 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2018 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2018 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2018, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2018. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2019. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2014...... | ||||
| b Excess from 2015..... | ||||
| c Excess from 2016..... | ||||
| d Excess from 2017..... | ||||
| e Excess from 2018..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| Pt II Ln 10 | Other Sources 2014:258,987, 2015:621,658, 2016:744,222, 2017:1,740,790 2018:365,598 |
| Software ID: | 18007482 |
| Software Version: |
| Return Reference | Explanation |
|---|---|
| Line 3 | Teachers College publishes its nondiscriminatory policy in student materials, employee and student handbooks, and on its website. The following statement is used: Continuing its long-standing policy to support active equality for all persons, Teachers College does not discriminate on the basis of race, color, religion, creed, sex, sexual orientation, national origin, ancestry, age, marital status, citizenship status, veteran status, disability, pregnancy, gender expression or any other criterion specified by federal, state or local laws, in the administration of its admissions, employment and educational policies or scholarship, loan, athletic and other school-administered programs. Rather, Teachers College affirms that it admits students and selects employees regardless of their race, color, religion, creed, sex, sexual orientation, national origin, ancestry, age, marital status, citizenship status, veteran status, disability, pregnancy, gender expression or any other criterion specified by federal, state or local laws and thereafter accords them all the rights and privileges generally made available to students or employees at the school. |
| Other | This explanation covers the "yes" response to Line 6a - For the year ended August 31, 2019, Teachers College served as a pass-through for nearly $60 million of federal student financial assistance and approximately $30 million of grant funding from various federal, state and local government entities. |
| Line 6b | Not applicable. However see explanation for 6a above. Referenced as other. |
| Software ID: | 18007482 |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Pt VI, Line 11b | Along with management, the Audit Committee of the Trustees of the College is responsible for reviewing the full Form 990 in detail. The final copy of the Form 990 is provided to the Full Board prior to filing. |
| Pt VI, Line 12c | The College has two conflict of interest policies; Policy A covers trustees, officers, key employees and the next five highest compensated employees and Policy B covers faculty, instructional and professional employees. Some individuals must complete both disclosures. Under both policies, conflict of interest forms must be completed on an annual basis. Policy A - the disclosures are provided to the General Counsel on an annual basis. The forms are reviewed and a report is compiled on the disclosures and reported to the Audit Committee. These individuals must notify the Chair of the Audit Committee when they first become aware of an actual or potential conflict of interest relating to themselves, a family member, or certain affiliated entities. If an actual or potential conflict exists, these individuals must recuse themselves from consideration of any matter as to which there may be a conflict, subject to the right of the Board or Committee to seek information from the individual. The Audit Committee is responsible for the review and evaluation of all potential and actual conflicts and must determine how to manage the potential conflicts. The Audit Committee determines whether it is permissible to proceed with any proposed transaction with an interested person after evaluating whether it is fair and reasonable to the College and whether the conflicted individual would, as a result of the transaction, receive an excessive benefit. If it appears that an interested person has failed to disclose an actual or potential conflict, the Audit Committee is charged with investigating. If it is determined that a conflict exists, the Board may take appropriate disciplinary and corrective action including rescission of the transaction. Policy B - the Human Resource Office monitors the submissions of disclosure forms by faculty and staff. Any potential or actual conflict is reported to the appropriate officer for evaluation. |
| Pt VI, Line 15a | see explanation for Part VI, Line 15b |
| Pt VI, Line 15b | The compensation of officers and key employees is reviewed and approved by the Board of Trustees Committee on Compensation, which also reviews annually established goals and performance. The Committee consists of 7 independent trustees. The President of the College serves as an ex officio member of the Committee, but does not participate when the Committee (or any other Board body) addresses matters relating to his/her compensation. The Committee meets at least annually, and more frequently when needed, and uses a compensation comparison of colleges and universities in the Northeast and Mid-Atlantic region as well as a smaller set of prestigious colleges and universities. The Committee periodically retains an outside compensation consultant to analyze the compensation of the College's officers and key employees based on comparatibility data. The last full salary study was completed in fiscal year 2019. The Committee (and the Board) keep contemporaneous minutes of the committee meetings and decisions made. |
| Pt VI, Line 19 | The financial statements are available on the College's website. The conflict of interest policy for trustees, officers, key employees is available on the College's intranet and upon request. The conflict of interest policy for faculty and professional staff is available on the College's intranet and upon request. The College's bylaws and charter are available upon request. |
| Pt VII, Col (E) | no hours or compensation are reported in Part VII, Col E for a related organization. |
| Pt XI | Represents 1)decrease in other pension and post retirement costs and net periodic benefit costs other than service cost $12,917,550 2) decrease in change in value of split interest agreements, $259,633 and 3)other income $6,524. |
| Pt VI, Line 18 | The annual forms 990 & 990T are made available upon written or verbal request to the College's Controllers Office. |
| Other | This relates to Part VII Section B. Independent Contractors line 1 regarding Columbia University - a significant portion of the payments to Columbia represents pass through activity for students at Teachers College. |
| Form 990, Part III, Line 4d | Academic Support- Provides support services for the College's primary mission 18525451. 283528. 0. |
| Form 990, Part III, Line 4d | Student Services-contributes to student's emotional and physical well being 10443297. 500. 0. |
| Software ID: | 18007482 |
| Software Version: |