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← CHILDREN & TEACHERS FOUNDATION OF THE CHICAGO TEACHERS UNION

Form 990 for tax year 2022

Filed by CHILDREN & TEACHERS FOUNDATION OF THE CHICAGO TEACHERS UNION.

Totals

Total revenue
$103,771
Total expenses
$740,784
Contributions and grants received
$33,494
Grants paid
$35,626
Program service revenue
$70,756
Investment income
$0
Other revenue
-$479
Total assets, end of year
$39,506
Total liabilities, end of year
$2,390,483
Net assets or fund balances, end of year
-$2,350,977
Program services expenses (Part IX)
$736,180
Management and general expenses
$4,604
Fundraising expenses
$0
Program service expenses (Part III)
$736,180

Program services were 99.4% 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.

  • 1f · All other contributions, gifts and grants

    $33,494

  • 2a · Program service revenue: PROFESSIONAL DEVELOPME

    total $70,756 · related or exempt $70,756

  • 11a · Other revenue: NTL REPAYMENT

    total $1,048 · related or exempt $1,048

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total -$1,527 · related or exempt -$1,527

  • 11e · Other revenue, total

    -$479

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $35,626 · program services $35,626

  • 5 · Compensation of officers, directors and key employees

    total $440,060 · program services $440,060

  • 7 · Other salaries and wages

    total $88,622 · program services $88,622

  • 8 · Pension plan contributions

    total $86,753 · program services $86,753

  • 10 · Payroll taxes

    total $40,533 · program services $40,533

  • 11a · Fees: management

    total $15,263 · program services $15,263

  • 13 · Office expenses

    total $4,604 · management and general $4,604

  • 24a · Other expenses: OUTSIDE CONSULTANTS

    total $21,245 · program services $21,245

  • 24b · Other expenses: STAFF REIMBURSMENTS

    total $6,386 · program services $6,386

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $1,692 · program services $1,692

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $29,056 · end of year $9,433

  • 4 · Accounts receivable

    beginning of year $850 · end of year $850

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,995 · end of year $16,995

  • 15 · Other assets

    beginning of year $0 · end of year $12,228

  • 17 · Accounts payable and accrued expenses

    beginning of year $96,504 · end of year $115,355

  • 19 · Deferred revenue

    beginning of year $7,961 · end of year $7,961

  • 25 · Other liabilities

    beginning of year $1,656,400 · end of year $2,267,167

  • 27 · Net assets without donor restrictions

    beginning of year -$1,713,964 · end of year -$2,350,977

Mission and programs · 2022

Mission

THE CHILDREN & TEACHERS FOUNDATION OF THE CHICAGO TEACHERS UNION ("FOUNDATION") WAS ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION'S CIVIC AND CHARTIABLE PURPOSES INCLUDE THE FOLLOWING: PROVIDING ASSISTANCE TO CHICAGO PUBLIC SCHOOL EMPLOYEES AND THEIR FAMILIES, (INCLUDING RETIRED EMPLOYEES), PROVIDING ASSISTANCE TO CHICAGO PUBLIC SCHOOLS CHILDREN AND THEIR FAMILIES, SUPPORTING CHARITABLE AND EDUCATIONAL ACTIVITIES, SUPPORTING INITIATIVES AND PROGRAMS OF THE GENERAL COMMUNITY, THE CHICAGO TEACHERS UNION AND THE CHICAGO PUBLIC SCHOOLS.

Activities or mission (Part I)

THE FOUNDATION'S CIVIC & CHARITABLE PURPOSES INCLUDE THE FOLLOWING: PROVIDING ASSISTANCE TO CHICAGO PUBLIC SCHOOL'S EMPLOYEES, THEIR FAMILIES, RETIRED EMPLOYEES, CHICAGO PUBLIC SCHOOL CHILDREN AND THEIR FAMILIES. THE FOUNDATION WILL ALSO SUPPORT CHARITABLE AND EDUCATIONAL ACTIVITIES, INITIATIVES, AND PROGRAMS OF THE COMMUNITY, THE CHICAGO TEACHERS UNION AND THE CHICAGO PUBLIC SCHOOLS.

  • THE CHILDREN & TEACHERS FOUNDATION OF THE CHICAGO TEACHERS UNION ("FOUNDATION") WAS ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION'S CIVIC AND CHARTIABLE PURPOSES INCLUDE THE FOLLOWING: PROVIDING ASSISTANCE TO CHICAGO PUBLIC SCHOOL EMPLOYEES AND THEIR FAMILIES, (INCLUDING RETIRED EMPLOYEES), PROVIDING ASSISTANCE TO CHICAGO PUBLIC SCHOOLS CHILDREN AND THEIR FAMILIES, SUPPORTING CHARITABLE AND EDUCATIONAL ACTIVITIES, SUPPORTING INITIATIVES AND PROGRAMS OF THE GENERAL COMMUNITY, THE CHICAGO TEACHERS UNION AND THE CHICAGO PUBLIC SCHOOLS.

    Expenses $736,180 · Grants $35,626 · Revenue $70,277

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
    Other
    $0 + $12,000 related
    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
    Other
    $0 + $12,000 related
    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

  • Lynn Cherkasky-Davis

    QUEST ASSISTANT DIRECTOR

    Total calculated
    $189,107
    From this org
    $159,031
    From related orgs
    $0
    Other
    $30,076
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,031
    Bonus
    $0
    Other
    $0
    Deferred
    $14,298
    Nontaxable benefits
    $15,778
    Filer's total
    $189,107

  • Walter Taylor

    QUEST DIRECTOR

    Total calculated
    $187,943
    From this org
    $159,031
    From related orgs
    $0
    Other
    $28,912
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,031
    Bonus
    $0
    Other
    $0
    Deferred
    $16,512
    Nontaxable benefits
    $12,400
    Filer's total
    $187,943

  • Michael Moriarty

    CAREER PATHWAYS COORDINATO

    Total calculated
    $137,297
    From this org
    $121,998
    From related orgs
    $0
    Other
    $15,299
    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

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
13 May 2024
IRS schema version
2022v5.0
Source object
202431359349310723

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