TEACH FOUNDATION

EIN: 994160764 501(c)(3) Philanthropy & Grantmaking

CHARLOTTE, NC

Total Revenue
$147,208
Total Expenses
$37,208
Total Assets
$104,387
Net Assets
$104,368
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Principal Officer
WILLIAM WESTRATE
Tax Period
2024-01-01 to 2024-12-31

TEACH FOUNDATION is a small nonprofit in the Philanthropy & Grantmaking sector that reported $147K in total revenue in fiscal year 2024. The organization ran a surplus of $110K, a strong 75% operating margin.

Mission

WE AIM TO BRING THEOLOGICAL EDUCATION THAT EQUIPS AND TRANSFORMS LIVES FOR THE FLOURISHING OF MANKIND. IN PARTNERSHIP WITH EMMAUS UNIVERSITY, WE OPERATE THE MASTER OF ARTS IN BIBLICAL STUDIES (MABS) DEPARTMENT, OFFERING A ROBUST CURRICULUM TO FUTURE CHURCH LEADERS AND THEOLOGIANS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $147,208
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $147,208

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $37,208
Other Expenses $37,208
TOTAL EXPENSES $37,208

Year-over-Year Comparison

2024 2023 Change
Revenue $147,208 N/A N/A
Expenses $37,208 N/A N/A
Net Income $110,000 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR BUNIE CIMEUS DIRECTOR N/A
Officer
$0 $0 $0
REV DR CODO CIMEUS DIRECTOR N/A
Officer
$0 $0 $0
ERIN CURTINSMITH DIRECTOR N/A
Officer
$0 $0 $0
AMBER DEMSEY DIRECTOR N/A
Officer
$0 $0 $0
PARKER JAMISON DIRECTOR N/A
Officer
$0 $0 $0
ANN MAOUYO DIRECTOR N/A
Officer
$0 $0 $0
SHANNON MILLER EXECUTIVE DI N/A
Officer
$0 $0 $0
JUDE PLATKO DIRECTOR N/A
Officer
$0 $0 $0
WILLIAM PLATKO TREASURER N/A
Officer
$0 $0 $0
WILLIAM WESTRATE CHAIRMAN N/A
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $147,208 $37,208 $104,387 $110,000
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