Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $250,000

• 2a · Program service revenue: MEMBERSHIP DUES/FEES

  total $221,615,475 · related or exempt $221,615,475

• 2b · Program service revenue: NEA UNISERV FUNDING

  total $4,974,863 · related or exempt $4,974,863

• 2c · Program service revenue: RENTAL INCOME FROM AFFILIATES

  total $46,895 · excluded $46,895

• 3 · Investment income

  total $14,577,644 · excluded $14,577,644

• 5 · Royalties

  total $2,088,456 · excluded $2,088,456

• 7a · Gross sales of assets other than inventory

  securities $128,729,226 · other assets $13,000

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

  securities $123,524,093 · other assets $2,414

• 7c · Gain or loss

  securities $5,205,133 · other assets $10,586

• 7d · Net gain or loss

  total $5,215,719 · excluded $5,215,719

• 11d · All other revenue

  total $297,735 · related or exempt $297,735

• 11e · Other revenue, total

  $297,735

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $3,625,195

• 7 · Other salaries and wages

  total $51,123,644

• 8 · Pension plan contributions

  total $36,191,383

• 9 · Other employee benefits

  total $14,435,217

• 10 · Payroll taxes

  total $8,358,823

• 11b · Fees: legal

  total $356,182

• 11c · Fees: accounting

  total $255,512

• 11g · Fees: other

  total $656,923

• 13 · Office expenses

  total $931,674

• 14 · Information technology

  total $409,605

• 16 · Occupancy

  total $6,658,975

• 17 · Travel

  total $7,545,732

• 19 · Conferences, conventions and meetings

  total $6,442,764

• 22 · Depreciation, depletion and amortization

  total $2,317,280

• 24a · Other expenses: LOCAL SERVICE DELIVERY

  total $36,697,302

• 24b · Other expenses: STATEWIDE PROGRAMS

  total $33,660,628

• 24c · Other expenses: CAPITAL EXPENDITURES

  total $1,304,635

• 24d · Other expenses: MEMBERSHIP DUES TO FTL

  total $1,299,571

• 24e · All other expenses

  total $1,679,019

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,907,707 · end of year $4,053,496

• 2 · Savings and temporary cash investments

  beginning of year $89,820,029 · end of year $72,294,973

• 4 · Accounts receivable

  beginning of year $6,363,258 · end of year $9,068,907

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,514,833 · end of year $1,518,103

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

  $89,379,013

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

  $50,274,920

• 10c · Land, buildings and equipment, net

  beginning of year $39,291,117 · end of year $39,104,093

• 11 · Investments: publicly traded securities

  beginning of year $444,398,965 · end of year $519,164,234

• 15 · Other assets

  beginning of year $5,015,130 · end of year $3,699,386

• 17 · Accounts payable and accrued expenses

  beginning of year $11,861,763 · end of year $17,783,719

• 19 · Deferred revenue

  beginning of year $1,121,771 · end of year $874,895

• 25 · Other liabilities

  beginning of year $63,539,835 · end of year $56,004,156

• 27 · Net assets without donor restrictions

  beginning of year $511,787,670 · end of year $573,990,422

• 28 · Net assets with donor restrictions

  end of year $250,000

The filer's explanations (Part III)

PART I, LINE 1A

THE ASSOCIATION PROVIDES GROSS-UP PAYMENTS TO OFFICERS, BOARD MEMBERS, AND EMPLOYEES ON CERTAIN TAXABLE PAYMENTS. THE ASSOCIATION REIMBURSES CERTAIN EMPLOYEES INCLUDING OFFICERS LIMITED WELLNESS RELATED EXPENSES GENERALLY UP TO $1,000 PER YEAR. THE REIMBURSEMENTS ARE NOT TREATED AS TAXABLE COMPENSATION. THE OFFICERS AND BOARD OF DIRECTORS OF THE ASSOCIATION ARE RELEASED EDUCATORS. THEIR RESPECTIVE SCHOOL DISTRICTS PAY THEIR SALARY UNDER THEIR REGULAR EMPLOYMENT CONTRACTS. THE ASSOCIATION ARRANGES TO REIMBURSE SALARY AND BENEFIT COST TO THE SCHOOL DISTRICTS. THE SCHOOL DISTRICTS BILL THE ASSOCIATION AS ALLOWED BY THE CALIFORNIA EDUCATION CODE IN AMOUNTS RANGING FROM BASIC SUBSTITUTE COST TO FULLY LOADED REGULAR SALARY INCLUDING BENEFITS.

PART I, LINE 4A

CLAUDIA BRIGGS RECEIVED A PAYMENT OF $108,394 PURSUANT TO A NEGOTIATED EMPLOYMENT-RELATED SETTLEMENT AGREEMENT THAT INCLUDED SEPARATION BENEFITS AND A FULL RELEASE OF CLAIMS, WITHOUT AY ADMISSION OF LIABILITY.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• CTA VOLUNTARY RETIREMENT PLANS FOR EDUCATORS

  RETIREMENT PLANNING · CA · income $0 · assets $0

  Directly controlled by CALIFORNIA TEACHERS ASSOCIATION