Overview
What is Memphis Teacher Residency Inc?
Memphis Teacher Residency Inc is a nonprofit organization dedicated to improving education in underprivileged neighborhoods of Memphis, Tennessee. By recruiting, training, and supporting effective teachers within a Christian context, they aim to provide students in these areas with a quality of education equal to or better than any student in Memphis. The organization offers a 12-month training program, which includes a Masters of Arts in Teaching, intensive classroom experience, state licensure, living stipend, ongoing evaluation, mentoring, and leadership opportunities. The estimated cost for each participant is approximately $51,000, and as of May 31, 2023, 25 individuals were enrolled in the program. The mission of Memphis Teacher Residency Inc is to contribute to community restoration and promote peace by empowering individuals and fostering engagement between people of diverse races and socioeconomic backgrounds.
Official website here: www.memphistr.org
What are the reviews and ratings of this charity?
Charity Navigator has awarded Memphis Teacher Residency Inc a Three-Star out of Four Star rating with an overall score of 86%. This rating reflects a strong performance in both Accountability & Finance and Culture & Community, with scores of 85% and 90%, respectively. The organization has demonstrated effective financial management practices and a commitment to transparency.
One of the notable strengths of Memphis Teacher Residency is its exceptional feedback collection and usage, both scoring a perfect 100 out of 100. This indicates that the organization actively solicits input from its stakeholders and utilizes that feedback to improve its programs and services. Additionally, the organization has a solid equity strategies score of 85, highlighting its commitment to fair practices and inclusivity.
However, while the Program Expense Ratio stands at 82%, suggesting that a significant portion of its budget is allocated to programming, the Liabilities to Assets Ratio of 68.78% may indicate some financial risk. Nevertheless, with a fundraising efficiency ratio of $0.02, the organization appears to be managing its fundraising costs effectively, ensuring that more funds are directed toward its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Memphis Teacher Residency Inc legitimate?
Memphis Teacher Residency Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis Teacher Residency Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $124,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,114,710
For more financial information, click here
Official website here: www.memphistr.org
What is the mission statement of Memphis Teacher Residency Inc?
Memphis Teacher Residency Inc's mission, inspired by the Gospel, is to provide students in low-income neighborhoods with an education of equal or superior quality to any student in Memphis. They achieve this by recruiting, training, and supporting effective teachers within a Christian context. Memphis Teacher Residency (MTR) aims to contribute to community restoration through its educational work, collaborating with other holistic organizations. The ultimate vision of MTR is to empower individuals, fostering a city where people of diverse races and socio-economic backgrounds can engage peacefully and contribute positively.
Official website here: www.memphistr.org
Who is the CEO of Memphis Teacher Residency Inc?
David Montague is the Secretary of Memphis Teacher Residency Inc.
Official website here: www.memphistr.org
What is the revenue of Memphis Teacher Residency Inc?
Memphis Teacher Residency Inc's revenue in 2023 was $5,262,203.
Official website here: www.memphistr.org
Who are the executives of Memphis Teacher Residency Inc and what are their salaries?
The average compensation at Memphis Teacher Residency Inc during 2023 was $58,927. There are 38 employees at Memphis Teacher Residency Inc.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $115,383
- Related: $0
- Other: $15,575
- Compensation: $116,714
- Related: $0
- Other: $14,663
- Compensation: $107,741
- Related: $0
- Other: $23,312
Official website here: www.memphistr.org
Where can I find the form 990 for Memphis Teacher Residency Inc?
Memphis Teacher Residency Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.memphistr.org
Learn more at the official website: www.memphistr.org
Mission Statement of Memphis Teacher Residency Inc
Memphis Teacher Residency, driven by the Christian principle of loving one's neighbor as oneself, aims to provide students in low-income neighborhoods with an education of equal or higher quality than any student in Memphis receives. The organization accomplishes this by recruiting, training, and supporting effective teachers within a Christian context. Memphis Teacher Residency's vision goes beyond education, aspiring to use its specific work to contribute to the restoration of communities. By partnering with other holistic organizations, Memphis Teacher Residency seeks to empower individuals, ultimately fostering a city where people of all races and socioeconomic backgrounds can engage peacefully with one another.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Memphis Teacher Residency Inc significantly impacts the educational landscape in Memphis by addressing the quality of education available to students in under-resourced neighborhoods. The organization recruits, trains, and supports effective teachers who are dedicated to providing a high standard of education, comparable to that offered to any child in the city.
Through a rigorous training program, participants gain valuable classroom experience paired with mentorship from seasoned educators. Over the course of a year, they work in local schools, developing expertise in subjects such as math, science, Spanish, history, and English. Graduates of the program not only receive a Master of Arts in Teaching but also earn endorsements and a Tennessee educator license, which equips them to effect meaningful change in their communities.
In the 2022-2023 academic year alone, 25 participants went through this comprehensive training, enabling them to directly influence the educational experiences of students. Each teacher receives ongoing evaluation and mentorship, ensuring continuous professional development, leadership opportunities, and support throughout their careers.
By focusing on the holistic development of both educators and students, Memphis Teacher Residency Inc helps empower individuals and foster community engagement, promoting peace and collaboration across diverse demographics. The organization’s commitment to providing equitable education is a pivotal step in restoring neighborhoods and uplifting future generations in Memphis.
This information is meant to be a general summary of Memphis Teacher Residency Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $1,569,993
- Gross Receipts: $5,262,203
Assets and Liabilities:
- Total Assets: $17,352,776
- Total Liabilities: $11,935,269
- Net Assets: $5,417,507
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHELBY COUNTY SCHOOLS
Revenue
$1,257,655
TUITION REPAYMENTS
Revenue
$112,461
TUITION
Revenue
$109,877
CAPSTONE EDUCATION GRO
Revenue
$90,000
Organization Details
Founding Year
2009
Phone
(901) 937-4687Principal Officer
David Montague
Main Address
PO BOX 40713, MEMPHIS, TN, 38174
Website
www.memphistr.orgNTEE Category
Code: B82 - Education
If you are a representative of Memphis Teacher Residency Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.