Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and 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 | |||||
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Total |
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Calendar year
(or fiscal year beginning in)
![]() |
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 27,017,977 | 39,726,417 | 48,465,473 | 22,982,297 | 26,799,224 | 164,991,388 |
| 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 | 27,017,977 | 39,726,417 | 48,465,473 | 22,982,297 | 26,799,224 | 164,991,388 |
| 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) .. | 30,749,751 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 134,241,637 | |||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 27,017,977 | 39,726,417 | 48,465,473 | 22,982,297 | 26,799,224 | 164,991,388 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 125,591 | 60,111 | 47,896 | 392,781 | 1,592,671 | 2,219,050 |
| 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.).. | 112,900 | 44,838 | 3,000 | 160,738 | ||
| 11 | Total support. Add lines 7 through 10 | 167,371,176 | |||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (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.) | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (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 on 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) |
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| 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) |
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| 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): |
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| 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 0.015 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 0.035 | 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 | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2023 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2023 |
(iii) Distributable Amount for 2023 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2023 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2023 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2023: | ||||
| a From 2018....... | ||||
| b From 2019....... | ||||
| c From 2020....... | ||||
| d From 2021....... | ||||
| e From 2022....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2023 distributable amount | ||||
|
i
Carryover from 2018 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2023 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2023 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2023, 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 2023. 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 2024. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2019..... | ||||
| b Excess from 2020..... | ||||
| c Excess from 2021..... | ||||
| d Excess from 2022..... | ||||
| e Excess from 2023..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | OTHER INCOME - 2020 AMOUNT: $ 96,964. 2021 AMOUNT: $ 9,725. 2022 AMOUNT: $ 3,000. ADMINISTRATIVE FEES - 2020 AMOUNT: $ 15,936. 2021 AMOUNT: $ 35,113. |
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| Return Reference | Explanation |
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| FORM 990, PART III, LINES 4A-4B: | DURING FISCAL YEAR 2024, TNTP CONTINUED WORKING TOWARD THE GOALS IN OUR CURRENT STRATEGIC PLAN WHILE ALSO WORKING TO SET THE ORGANIZATION UP TO THINK ABOUT LONGER-TERM ECONOMIC AND SOCIAL MOBILITY FOR STUDENTS. THIS YEAR, WE FOCUSED ON EXPANDING ACCESS TO OPPORTUNITY AND INSPIRING A COMMUNITY-AND NATIONALLY-BASED AGENDA FOCUSED ON ACCELERATING LEARNING AND ENSURING EFFECTIVE TEACHING FOR ALL STUDENTS. THIS YEAR, THROUGH OUR WORK SUPPORTING SCHOOLS, SCHOOL SYSTEMS, AND STATE EDUCATION AGENCIES, WE WORKED TO ENSURE THAT ALL STUDENTS HAD ACCESS TO GRADE-LEVEL CONTENT, THE SUPPORTS THEY NEED TO MASTER THAT CONTENT, AND EFFECTIVE, SKILLED EDUCATORS AND TEACHERS TO SUPPORT THAT LEARNING. AS A RESULT OF OUR WORK IN THE FIELD, WE MEANINGFULLY INCREASED STUDENTS' ACCESS TO CLASSROOM-LEVEL RESOURCES THAT WE KNOW SET THEM UP FOR ACADEMIC SUCCESS. IN COMMUNITIES WHERE WE WORKED, MORE THAN TWO MILLION STUDENTS HAD INCREASED ACCESS TO GRADE-APPROPRIATE ASSIGNMENTS; ALMOST THREE MILLION STUDENTS HAD INCREASED ACCESS TO STRONG INSTRUCTION; AND MORE THAN 3 MILLION STUDENTS HAD INCREASED ACCESS TO TEACHERS WITH HIGH EXPECTATIONS. ADDITIONALLY, 2 MILLION STUDENTS DEMONSTRATED IMPROVED ACADEMIC OUTCOMES IN SITES WHERE TNTP WORKED. WE ALSO WORKED TO ENSURE THROUGH OUR RESEARCH, POLICY, AND ADVOCACY WORK THAT ALL STUDENTS HAVE ACCESS TO GRADE-LEVEL CONTENT AND THE SUPPORTS THEY NEED TO MASTER IT. WE PUBLISHED TWO MAJOR RESEARCH PROJECTS THAT DEMONSTRATED THE NEED FOR INVESTMENT IN A PUBLIC EDUCATION SYSTEM SO THAT ALL YOUNG PEOPLE HAVE CLEAR PATHWAYS TO OPPORTUNITY. WE ALSO SUPPORTED SCHOOLS, SCHOOL SYSTEMS, AND STATE EDUCATION AGENCIES TO IMPROVE THEIR WORKFORCES BY RELEASING OUR WORKFORCE DESIGN FRAMEWORK. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM WITH INPUT FROM AND IN CONSULTATION WITH THE ORGANIZATION'S CONTROLLER, VICE PRESIDENT OF FINANCE, CHIEF STRATEGY, GROWTH AND FINANCE OFFICER, AND THE GENERAL COUNSEL. ONCE APPROVED BY THE ORGANIZATION, THE FORM 990 IS PRESENTED TO THE ORGANIZATION'S BOARD OF DIRECTOR'S AUDIT COMMITTEE FOR REVIEW AND APPROVAL. UPON APPROVAL BY THE BOARD'S AUDIT COMMITTEE, THE COMPLETED FORM 990 IS PROVIDED TO EACH VOTING MEMBER OF THE BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT REQUIRES EACH DIRECTOR, OFFICER, COMMITTEE MEMBER AND KEY EMPLOYEE TO DISCLOSE ANY COMMITMENT, INVESTMENT, RELATIONSHIP, OBLIGATION, OR INVOLVEMENT, FINANCIAL OR OTHERWISE, DIRECT OR INDIRECT, THAT MAY INFLUENCE THEIR JUDGMENT. THE BOARD OF DIRECTORS DELEGATES THE DETERMINATION OF INTEREST TO THE EXECUTIVE COMMITTEE, THE COMMITTEE MEMBERS EVALUATE THE EXISTENCE OF ANY CONFLICT OF INTEREST. BOARD OF DIRECTOR DELEGATES MAY NOT DETERMINE A CONFLICT OF INTEREST FOR THEIR OWN PERSON. WHEN THERE IS A TRANSACTION OR ARRANGEMENT THAT MAY PRESENT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST AS DESCRIBED IN THE POLICY, THE ORGANIZATION FOLLOWS ITS WRITTEN POLICY AND PROCEDURES TO CLEAR OR OTHERWISE RESOLVE THE CONFLICT OR APPEARANCE OF A CONFLICT. EACH DIRECTOR, OFFICER, COMMITTEE MEMBER AND KEY EMPLOYEE MUST ANNUALLY ELECTRONICALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON (1) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; (2) HAS READ AND UNDERSTANDS THE CONFLICT OF INTEREST POLICY; (3) HAS AGREED TO COMPLY WITH THE CONFLICT OF INTEREST POLICY; AND (4) UNDERSTANDS THAT TNTP IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR OVERSEEING COLLECTION OF THE ANNUAL STATEMENTS COMPLETED BY THE BOARD MEMBER. THE ORGANIZATION'S PEOPLE OPERATIONS TEAM IS RESPONSIBLE FOR THE COLLECTION, MONITORING AND COMPLIANCE OF THE ANNUAL STATEMENTS COMPLETED BY THE ORGANIZATION'S OFFICERS, KEY EMPLOYEES, AND STAFF. THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR MONITORING AND COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE ACTIONS TAKEN DURING THE BOARD AND COMMITTEE MEETINGS ARE RECORDED IN THE CORPORATION'S MINUTES. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION OF THE CEO AND EXECUTIVE TEAM MEMBERS. FOR ALL POSITIONS, TNTP'S PEOPLE OPERATIONS TEAM PERFORMS REGULAR MARKET ANALYSIS USING COMPARABILITY DATA FROM INDUSTRY SURVEYS, DOCUMENTED COMPENSATION OF PERSONS HOLDING SIMILAR POSITIONS IN SIMILAR ORGANIZATIONS, AND/OR INDEPENDENT COMPENSATION STUDIES. TNTP ENGAGES A COMPENSATION CONSULTING FIRM TO CONDUCT A COMPREHENSIVE ANALYSIS. THE MARKET IS CONSIDERED IN THE RECOMMENDATION OF COMPENSATION CHANGES FOR THE ORGANIZATION'S OFFICERS AND STAFF. IN ADDITION TO THESE PROCESSES, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR TNTP APPROVES ALL EXECUTIVE TEAM MEMBER COMPENSATION INCREASES EACH YEAR DURING THE COMPENSATION CYCLE. TNTP OFFERS ANNUAL INCREASES TO RECOGNIZE STRONG JOB PERFORMANCE AND SUPPORT SALARY GROWTH OVER TIME. A STAFF MEMBER'S ANNUAL COMPENSATION INCREASE IS BASED ON THE ORGANIZATION'S PERFORMANCE AND THE STAFF MEMBER'S SALARY RELATIVE TO MARKET MEDIAN. ANNUAL SALARY ADJUSTMENTS WERE LAST PROVIDED IN DECEMBER 2023. |
| FORM 990, PART VI, SECTION C, LINE 19 | TNTP MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON ITS WEBSITE. IN ADDITION, THE FORM 990, AUDITED FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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