Teach Kentucky Inc
Nonprofit profile at a glance
- EIN
- 204009920
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Louisville, KY, USA
- Phone
- 5024580830
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Professional Societies, Associations
Reported finances
- Revenue
- $878,132
- Expenses
- $682,241
- Assets
- $1,098,813
- Liabilities
- $119,934
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- ROWAN CLAYPOOL (PRESIDENT)
Highest reported compensation
- ROWAN CLAYPOOL (PRESIDENT): $95,769 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
For 23 years, teach Kentucky has recruited college graduates possessing strong academic credentials and subject content knowledge to launch their education careers in the louisville, ky region. New recruits begin a masters of arts in teaching at a local university while earning a full-time salary in the classroom as a teacher of record. Many of our teachers work in high poverty schools, where the need for talented educations is the greatest. Teach Kentucky is not only committed to recruiting bright young minds to the education profession, but to retaining them in it. Its program provides additional professional development of first and second year teachers, and a mentoring program run by retired educators and administrators.
What it reported doing in 2024
Teach Kentucky provides a six-week teacher preparation program that complements graduate school courses in order to better equip its new recruits for the classroom and increase retention of its recruits in the profession long-term. This program is run by veteran educators who are alumni of the teach Kentucky program. This structure AIDS in the formation of cross-generational relationships between program participants new and old, promoting knowledge-sharing, ongoing collaboration, and a strong foundation of support. Additionally, teach Kentucky partners with local middle and high schools to provide realistic instructional classroom experiences with students prior to the first day of school. Veteran teachers observe new recruits and provide them with constructive feedback and modeling.
Operating model
- Revenue model
- Donor-supported. 75% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 77% for direct work, and 23% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 94
- Accountability: 100
- Sustainability: 62
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.2%; rating input score 65
- Program expense ratio: 83.5%; rating input score 84
- Fundraising efficiency: $29.82 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 22.3%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 1.61; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 41; 41st percentile among comparable filings
- Officer compensation ratio: 14%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: 9.2% per year; rating input score 100; 60th percentile among comparable filings
- Revenue growth: 11.1% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 15% per year; rating input score 100; 72nd percentile among comparable filings
Details
- Where the money goes: 65.2% of revenue deployed · 83.5% of spending went to programs
- Governance: 10 of 10 board members independent · 8 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $570K in reported program spending
- Leadership: top reported pay $96K · 11 people listed
- Consistency: 32 of 32 current checks pass
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.
- High — Sustainability: Officer compensation ratio scored 25/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 41/100.