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Nonprofiteer
← CHICAGO TEACHERS UNION FOUNDATION INC

Form 990 for tax year 2022

Filed by CHICAGO TEACHERS UNION FOUNDATION INC.

Totals

Total revenue
$3,639,299
Total expenses
$3,624,296
Contributions and grants received
$0
Grants paid
$39,582
Program service revenue
$788,628
Investment income
$336,421
Other revenue
$2,514,250
Total assets, end of year
$43,922,831
Total liabilities, end of year
$1,188,151
Net assets or fund balances, end of year
$42,734,680
Program services expenses (Part IX)
$2,226,651
Management and general expenses
$1,397,645
Fundraising expenses
$0
Program service expenses (Part III)
$2,226,651

Program services were 61.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: CPS INCOME - NTL

    total $750,000 · related or exempt $750,000

  • 2b · Program service revenue: PD INCOME

    total $32,418 · related or exempt $32,418

  • 2c · Program service revenue: DONATION INCOME

    total $6,210 · related or exempt $6,210

  • 3 · Investment income

    total $336,421 · excluded $336,421

  • 6a · Gross rents

    real property $2,464,462

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,464,462

  • 6d · Net rental income or loss

    total $2,464,462 · related or exempt $2,464,462

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $49,638 · related or exempt $49,638

  • 11b · Other revenue: NTL REPAYMENT

    total $150 · related or exempt $150

  • 11e · Other revenue, total

    $49,788

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $39,582 · program services $39,582

  • 5 · Compensation of officers, directors and key employees

    total $421,331 · program services $37,920 · management and general $383,411

  • 7 · Other salaries and wages

    total $547,110 · program services $49,240 · management and general $497,870

  • 8 · Pension plan contributions

    total $97,229 · program services $10,695 · management and general $86,534

  • 9 · Other employee benefits

    total $155,432 · program services $6,217 · management and general $149,215

  • 10 · Payroll taxes

    total $83,222 · program services $10,819 · management and general $72,403

  • 11b · Fees: legal

    total $176,229 · program services $176,229

  • 11c · Fees: accounting

    total $79,708 · program services $79,708

  • 11f · Fees: investment management

    total $69,751 · program services $69,751

  • 11g · Fees: other

    total $544,503 · program services $544,503

  • 13 · Office expenses

    total $148,513 · program services $19,307 · management and general $129,206

  • 16 · Occupancy

    total $1,065,196 · program services $1,065,196

  • 22 · Depreciation, depletion and amortization

    total $103,635 · program services $103,635

  • 23 · Insurance

    total $81,449 · program services $2,443 · management and general $79,006

  • 24a · Other expenses: STAFF REIMBURSEMENTS

    total $8,889 · program services $8,889

  • 24b · Other expenses: STAFF DEVELOPMENT

    total $2,240 · program services $2,240

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $277 · program services $277

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $44,005 · end of year $38,917

  • 2 · Savings and temporary cash investments

    beginning of year $47,741 · end of year $2,146

  • 4 · Accounts receivable

    beginning of year $1,494 · end of year $1,494

  • 7 · Other notes and loans receivable

    beginning of year $4,882,794 · end of year $4,882,794

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,383 · end of year $14,383

  • 10a · Land, buildings and equipment: cost or other basis

    $35,819,441

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,685,610

  • 10c · Land, buildings and equipment, net

    beginning of year $29,237,466 · end of year $29,133,831

  • 11 · Investments: publicly traded securities

    beginning of year $6,388,801 · end of year $6,264,293

  • 15 · Other assets

    beginning of year $3,584,974 · end of year $3,584,973

  • 17 · Accounts payable and accrued expenses

    beginning of year $836,344 · end of year $1,166,662

  • 19 · Deferred revenue

    beginning of year $21,489 · end of year $21,489

  • 25 · Other liabilities

    beginning of year $901,951

  • 27 · Net assets without donor restrictions

    beginning of year $42,441,874 · end of year $42,734,680

Mission and programs · 2022

Mission

THE CHICAGO TEACHERS UNION FOUNDATION, INC. ("FOUNDATION") WAS ORGANIZED FOR EDUCATIONAL AND SOCIAL WELFARE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. THE FOUNDATION'S CIVIC AND CHARITABLE PURPOSES INCLUDE THE FOLLOWING: SUPPORT OF PROJECTS, PROGRAMS, COMMUNITY ORGANIZATIONS AND OTHER NOT-FOR-PROFIT ORGANIZATIONS THAT PROVIDE SERVICES TO IMPROVE AND ASSIST PUBLIC SCHOOLS, TEACHERS AND THEIR DEPENDENTS AND RETIRED TEACHERS, INCLUDING FINANCIAL ASSISTANCE FOR ELIGIBLE ELDERLY AND RETIRED CHICAGO PUBLIC SCHOOL TEACHERS.

Activities or mission (Part I)

THE FOUNDATION'S CIVIC & CHARITABLE PURPOSES INCLUDE THE FOLLOWING; SUPPORT OF PROJECTS, PROGRAMS, COMMUNITY ORGANIZATIONS AND OTHER NOT-FOR-PROFIT ORGANIZATIONS THAT PROVIDE SERVICES TO IMPROVE AND ASSIST PUBLIC SCHOOLS, TEACHERS AND THEIR DEPENDENTS AND RETIRED TEACHERS, INCLUDING FINANCIAL ASSISTANCE FOR ELIGIBLE ELDERLY AND RETIRED CHICAGO PUBLIC SCHOOL TEACHERS.

  • THE CHICAGO TEACHERS UNION FOUNDATION, INC. ("FOUNDATION") WAS ORGANIZED FOR EDUCATIONAL AND SOCIAL WELFARE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. THE FOUNDATION'S CIVIC AND CHARITABLE PURPOSES INCLUDE THE FOLLOWING: SUPPORT OF PROJECTS, PROGRAMS, COMMUNITY ORGANIZATIONS AND OTHER NOT-FOR-PROFIT ORGANIZATIONS THAT PROVIDE SERVICES TO IMPROVE AND ASSIST PUBLIC SCHOOLS, TEACHERS AND THEIR DEPENDENTS AND RETIRED TEACHERS, INCLUDING FINANCIAL ASSISTANCE FOR ELIGIBLE ELDERLY AND RETIRED CHICAGO PUBLIC SCHOOL TEACHERS.

    Expenses $2,226,651 · Grants $39,582 · Revenue $3,302,878

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • PAULA BARAJAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • JACKSON POTTER

    VICE PRESIDENT

    Total calculated
    $188,340
    From this org
    $0
    From related orgs
    $140,800
    Other
    $47,540
    Hours/week
    0.3 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,800 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $27,935 related
    Nontaxable benefits
    $0 + $19,605 related
    Filer's total
    $0 + $188,340 related

  • CHRISTEL WILLIAMS

    RECORDING SECRETARY

    Total calculated
    $195,340
    From this org
    $0
    From related orgs
    $155,040
    Other
    $40,300
    Hours/week
    0.3 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,040 related
    Bonus
    $0 + $12,000 related
    Other
    $0
    Deferred
    $0 + $9,856 related
    Nontaxable benefits
    $0 + $30,444 related
    Filer's total
    $0 + $195,340 related

  • MARIA MORENO

    FINANCIAL SECRETARY

    Total calculated
    $176,594
    From this org
    $0
    From related orgs
    $155,040
    Other
    $21,554
    Hours/week
    0.3 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,040 related
    Bonus
    $0 + $12,000 related
    Other
    $0
    Deferred
    $0 + $10,541 related
    Nontaxable benefits
    $0 + $11,013 related
    Filer's total
    $0 + $176,594 related

  • STACY DAVIS GATES

    PRESIDENT

    Total calculated
    $206,764
    From this org
    $0
    From related orgs
    $165,058
    Other
    $41,706
    Hours/week
    0.3 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,058 related
    Bonus
    $0
    Other
    $0 + $12,000 related
    Deferred
    $0 + $11,250 related
    Nontaxable benefits
    $0 + $30,456 related
    Filer's total
    $0 + $206,764 related

  • CARMEN CURET

    EXECUTIVE DIRECTOR

    Total calculated
    $199,667
    From this org
    $158,875
    From related orgs
    $0
    Other
    $40,792
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,875
    Bonus
    $0
    Other
    $0
    Deferred
    $14,298
    Nontaxable benefits
    $26,494
    Filer's total
    $199,667

  • CHARISE BENNETT

    DIRECTOR OF OPERATIONS

    Total calculated
    $128,415
    From this org
    $105,062
    From related orgs
    $0
    Other
    $23,353
    Hours/week
    40

  • ERIC LATTYAK

    BUILDING MANAGER

    Total calculated
    $183,938
    From this org
    $157,394
    From related orgs
    $0
    Other
    $26,544
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,394
    Bonus
    $0
    Other
    $0
    Deferred
    $10,800
    Nontaxable benefits
    $15,744
    Filer's total
    $183,938

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202411359349310951

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