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Nonprofiteer
← TEACHERS TREASURES INC

Form 990 for tax year 2023

Filed by TEACHERS TREASURES INC.

Totals

Total revenue
$15,345,462
Total expenses
$15,195,395
Contributions and grants received
$15,091,436
Grants paid
$13,298,581
Program service revenue
$138,230
Investment income
$166,612
Other revenue
-$50,816
Total assets, end of year
$3,201,300
Total liabilities, end of year
$1,046,649
Net assets or fund balances, end of year
$2,154,651
Program services expenses (Part IX)
$14,382,711
Management and general expenses
$628,485
Fundraising expenses
$184,199
Program service expenses (Part III)
$14,382,711

Program services were 94.7% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $827,193

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $14,264,243

  • 1g · Noncash contributions included above

    $13,387,655

  • 2a · Program service revenue: Teacher Registration Fees

    total $138,230 · related or exempt $138,230 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $166,612 · related or exempt $166,612 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $272,935

  • 8a · Fundraising events: contributions included on line 1c

    $554,258

  • 8b · Fundraising events: direct expenses

    $332,275

  • 8c · Net income from fundraising events

    total -$59,340 · unrelated business -$59,340 · excluded $0

  • 11d · All other revenue

    total $8,524 · related or exempt $8,524 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $8,524

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,298,581 · program services $13,298,581

  • 5 · Compensation of officers, directors and key employees

    total $102,040 · program services $76,530 · management and general $10,203 · fundraising $15,307

  • 7 · Other salaries and wages

    total $403,395 · program services $302,546 · management and general $40,339 · fundraising $60,510

  • 9 · Other employee benefits

    total $106,505 · program services $106,505

  • 10 · Payroll taxes

    total $43,206 · program services $32,404 · management and general $4,320 · fundraising $6,482

  • 11c · Fees: accounting

    total $43,627 · management and general $43,627

  • 11e · Fees: professional fundraising services

    total $60,924 · fundraising $60,924

  • 11g · Fees: other

    total $5,227 · management and general $5,227

  • 12 · Advertising and promotion

    total $47,200 · program services $17,154 · management and general $25,345 · fundraising $4,701

  • 13 · Office expenses

    total $8,126 · management and general $8,126

  • 14 · Information technology

    total $26,474 · management and general $26,474

  • 16 · Occupancy

    total $217,215 · management and general $217,215

  • 17 · Travel

    total $35,431 · management and general $35,431

  • 22 · Depreciation, depletion and amortization

    total $128,604 · management and general $128,604

  • 23 · Insurance

    total $28,248 · program services $24,010 · management and general $1,412 · fundraising $2,826

  • 24a · Other expenses: Dues and Subscriptions

    total $23,219 · program services $0 · management and general $23,219 · fundraising $0

  • 24b · Other expenses: Fundraising Expenses - Event Costs

    total $320,810 · program services $287,361 · management and general $0 · fundraising $33,449

  • 24c · Other expenses: Freight and Delivery

    total $56,394 · program services $0 · management and general $56,394 · fundraising $0

  • 24d · Other expenses: Product Costs

    total $225,015 · program services $225,015 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $15,154 · program services $12,605 · management and general $2,549

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $261,343 · end of year $13,517

  • 2 · Savings and temporary cash investments

    beginning of year $106,083 · end of year $353,275

  • 4 · Accounts receivable

    beginning of year $127,304 · end of year $62,141

  • 7 · Other notes and loans receivable

    end of year $16,591

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,065 · end of year $23,418

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

    $421,945

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

    $272,410

  • 10c · Land, buildings and equipment, net

    beginning of year $116,277 · end of year $149,535

  • 13 · Investments: program-related

    beginning of year $1,687,279 · end of year $1,785,712

  • 14 · Intangible assets

    end of year $797,111

  • 15 · Other assets

    beginning of year $864,395

  • 17 · Accounts payable and accrued expenses

    beginning of year $52,202 · end of year $135,742

  • 19 · Deferred revenue

    beginning of year $41,350 · end of year $37,850

  • 23 · Secured mortgages and notes payable

    beginning of year $873,115 · end of year $813,414

  • 24 · Unsecured notes and loans payable

    end of year $24,093

  • 25 · Other liabilities

    end of year $35,550

  • 27 · Net assets without donor restrictions

    beginning of year $664,059 · end of year $705,846

  • 28 · Net assets with donor restrictions

    beginning of year $1,552,020 · end of year $1,448,805

Mission and programs · 2023

Mission

Teachers' Treasures obtains and distributes school supplies free to teachers of students in need.

Activities or mission (Part I)

Distribute donated school supplies to teachers in high-need schools for use in classrooms.

  • Teachers from more than 270 schools with 60% or more of the student population on the free and reduced lunch program were given donated school supplies to use in their classrooms. The value of these supplies to use in their classrooms was estimated at $13,298,581

    Expenses $14,382,711 · Grants $13,298,581 · Revenue $145,018

As filed on the 2023 return.

Listed in Part VII

  • Margaret Sheehan

    Executive Director

    Total calculated
    $102,040
    From this org
    $102,040
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • David Arnett

    Director

    Total calculated
    $0
    Hours/week
    2
  • Michael Ault

    Director

    Total calculated
    $0
    Hours/week
    3
  • KK Byland

    Director

    Total calculated
    $0
    Hours/week
    2
  • Tom Cebulko

    Director

    Total calculated
    $0
    Hours/week
    5
  • Tim Clary

    Director

    Total calculated
    $0
    Hours/week
    3
  • Nathalie Henderson

    Director

    Total calculated
    $0
    Hours/week
    2
  • Patricia Keiffner

    Director

    Total calculated
    $0
    Hours/week
    3
  • Art Kodroff

    Director

    Total calculated
    $0
    Hours/week
    2
  • Sarah Lugar

    Director

    Total calculated
    $0
    Hours/week
    2
  • Katie Lory

    Director

    Total calculated
    $0
    Hours/week
    4
  • Dionne McCoy

    Director

    Total calculated
    $0
    Hours/week
    3
  • Francita McMichel

    Director

    Total calculated
    $0
    Hours/week
    3
  • Karen Mellen

    Director

    Total calculated
    $0
    Hours/week
    3
  • John Myrland

    Director

    Total calculated
    $0
    Hours/week
    2
  • Betty Stanford

    Director

    Total calculated
    $0
    Hours/week
    3
  • David Blount

    Director

    Total calculated
    $0
    Hours/week
    2
  • Lauren Lopez

    Director

    Total calculated
    $0
    Hours/week
    2
  • Stephanie McGowen

    Director

    Total calculated
    $0
    Hours/week
    2
  • Kim Borges

    President

    Total calculated
    $0
    Hours/week
    5
  • Kim Reeves

    Secretary

    Total calculated
    $0
    Hours/week
    4

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202541219349300624

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