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Nonprofiteer
← CHICAGO TEACHERS UNION FOUNDATION INC

Form 990 for tax year 2024

Filed by CHICAGO TEACHERS UNION FOUNDATION INC.

Totals

Total revenue
$2,458,030
Total expenses
$4,284,123
Contributions and grants received
$1,000,555
Grants paid
$8,540
Program service revenue
$0
Investment income
$385,577
Other revenue
$1,071,898
Total assets, end of year
$41,748,148
Total liabilities, end of year
$1,717,930
Net assets or fund balances, end of year
$40,030,218
Program services expenses (Part IX)
$924,596
Management and general expenses
$3,359,527
Fundraising expenses
$0
Program service expenses (Part III)
$924,596

Program services were 21.6% 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.

  • 1f · All other contributions, gifts and grants

    $1,000,555

  • 3 · Investment income

    total $299,945 · excluded $299,945

  • 6a · Gross rents

    real property $2,452,183

  • 6b · Less rental expenses

    real property $1,392,810

  • 6c · Rental income or loss

    real property $1,059,373

  • 6d · Net rental income or loss

    total $1,059,373 · excluded $1,059,373

  • 7a · Gross sales of assets other than inventory

    securities $502,335

  • 7b · Less cost or other basis and sales expenses

    securities $416,703

  • 7c · Gain or loss

    securities $85,632

  • 7d · Net gain or loss

    total $85,632 · excluded $85,632

  • 11d · All other revenue

    total $12,525 · related or exempt $12,525

  • 11e · Other revenue, total

    $12,525

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,540 · program services $8,540

  • 7 · Other salaries and wages

    total $922,852 · program services $92,285 · management and general $830,567

  • 8 · Pension plan contributions

    total $99,823 · program services $9,982 · management and general $89,841

  • 9 · Other employee benefits

    total $149,583 · program services $14,958 · management and general $134,625

  • 10 · Payroll taxes

    total $76,869 · program services $7,687 · management and general $69,182

  • 11b · Fees: legal

    total $266,047 · management and general $266,047

  • 11c · Fees: accounting

    total $99,247 · management and general $99,247

  • 11f · Fees: investment management

    total $47,335 · management and general $47,335

  • 11g · Fees: other

    total $325,805 · management and general $325,805

  • 13 · Office expenses

    total $92,035 · program services $9,204 · management and general $82,831

  • 14 · Information technology

    total $41,352 · program services $4,135 · management and general $37,217

  • 22 · Depreciation, depletion and amortization

    total $1,250,962 · management and general $1,250,962

  • 23 · Insurance

    total $117,842 · program services $11,784 · management and general $106,058

  • 24a · Other expenses: MENTORS/INSTRUCTORS

    total $766,020 · program services $766,020

  • 24e · All other expenses

    total $19,811 · program services $1 · management and general $19,810

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $373,865 · end of year $675,811

  • 2 · Savings and temporary cash investments

    beginning of year $11,452 · end of year $11,452

  • 4 · Accounts receivable

    beginning of year $1,685,578 · end of year $1,609,936

  • 7 · Other notes and loans receivable

    beginning of year $4,364,889 · end of year $3,553,928

  • 9 · Prepaid expenses and deferred charges

    beginning of year $282,001 · end of year $241,380

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

    $35,819,441

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

    $10,334,861

  • 10c · Land, buildings and equipment, net

    beginning of year $26,735,542 · end of year $25,484,580

  • 11 · Investments: publicly traded securities

    beginning of year $7,047,299 · end of year $7,273,328

  • 15 · Other assets

    beginning of year $2,648,623 · end of year $2,897,733

  • 17 · Accounts payable and accrued expenses

    beginning of year $860,478 · end of year $807,623

  • 25 · Other liabilities

    beginning of year $910,307 · end of year $910,307

  • 27 · Net assets without donor restrictions

    beginning of year $41,378,464 · end of year $40,030,218

Mission and programs · 2024

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 $924,596 · Grants $8,540

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stacy Davis-Gates

    PRESIDENT

    Total calculated
    $218,586
    From this org
    $0
    From related orgs
    $168,600
    Other
    $49,986
    Hours/week
    0.3 + 40.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,600 related
    Bonus
    $0
    Other
    $0 + $12,000 related
    Deferred
    $0 + $12,642 related
    Nontaxable benefits
    $0 + $37,344 related
    Filer's total
    $0 + $218,586 related

  • Christel Williams

    RECORDING SECRETARY

    Total calculated
    $187,419
    From this org
    $0
    From related orgs
    $151,104
    Other
    $36,315
    Hours/week
    0.3 + 40.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $139,104 related
    Bonus
    $0
    Other
    $0 + $12,000 related
    Deferred
    $0 + $11,417 related
    Nontaxable benefits
    $0 + $24,898 related
    Filer's total
    $0 + $187,419 related

  • Jackson Potter

    VICE PRESIDENT

    Total calculated
    $174,856
    From this org
    $0
    From related orgs
    $138,352
    Other
    $36,504
    Hours/week
    0.3 + 40.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,352 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,685 related
    Nontaxable benefits
    $0 + $26,819 related
    Filer's total
    $0 + $174,856 related

  • Maria T Moreno

    FINANCIAL SECRETARY

    Total calculated
    $187,105
    From this org
    $0
    From related orgs
    $157,575
    Other
    $29,530
    Hours/week
    0.3 + 40.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,575 related
    Bonus
    $0
    Other
    $0 + $12,000 related
    Deferred
    $0 + $11,870 related
    Nontaxable benefits
    $0 + $17,660 related
    Filer's total
    $0 + $187,105 related

  • Eric Lattyak

    CHIEF ENGINEER

    Total calculated
    $184,454
    From this org
    $156,562
    From related orgs
    $0
    Other
    $27,892
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,562
    Bonus
    $0
    Other
    $0
    Deferred
    $12,000
    Nontaxable benefits
    $15,892
    Filer's total
    $184,454

  • Charise Bennett

    DIRECTOR OF OPERATIONS

    Total calculated
    $114,507
    From this org
    $102,197
    From related orgs
    $0
    Other
    $12,310
    Hours/week
    40

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

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.

  • CHICAGO TEACHERS UNION

    501(C)(5) · LABOR ORGANIZATION · IL

  • CHILDRENS AND TEACHERS FOUNDATION OF THE CHICAGO TEACHERS UNION

    501(C)(3) · CIVIC AND CHARITABLE PURPOSES · IL

  • CHICAGO TEACHERS UNION LOCAL 1 PAC

    527 · POLITICAL ACTIVITIES · IL

  • CHICAGO TEACHERS UNION POLITICAL ACTION COMMITTEE

    527 · POLITICAL ACTIVITIES · IL

  • CTU-SSF

    527 · POLITICAL ACTIVITIES · IL

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202611349349312651

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