Indiana Retired Teachers Association Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 310920575 ✦ Indianapolis, IN ✦ Designated as a 501(c)(3)

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Overview

What is Indiana Retired Teachers Association Foundation Inc?

Indiana Retired Teachers Association Foundation Inc is a nonprofit organization based in Indianapolis, Indiana, with a mission to support the welfare of retired teachers and encourage new entrants into the teaching profession. They accomplish this through various initiatives. The foundation offers scholarships to college sophomores and juniors majoring in education, awarding one scholarship per geographic area annually. Additionally, they provide grants for public school educators to fund special projects, with at least one grant awarded in each geographic area each year. In times of immediate financial need, IRTA members can apply for a 'Hand Up' grant, which can provide up to $1,000. As a partner of the Indiana Retired Teachers Association, the foundation is committed to supporting current teachers and fostering interest in the teaching profession.


Official website here: www.retiredteachers.org/foundation

Is Indiana Retired Teachers Association Foundation Inc legitimate?

Indiana Retired Teachers Association Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indiana Retired Teachers Association Foundation 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: $3,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,775

For more financial information, click here


Official website here: www.retiredteachers.org/foundation

What is the mission statement of Indiana Retired Teachers Association Foundation Inc?

The Indiana Retired Teachers Association Foundation Inc, in partnership with the Indiana Retired Teachers Association, works towards promoting the well-being of retired teachers, supporting current educators, and encouraging individuals to join the teaching profession. To fulfill this mission, the foundation sponsors various initiatives. They offer scholarships to college sophomores and juniors majoring in education, awarding one scholarship annually in each of the ten geographic areas of the Indiana Retired Teachers Association. Additionally, the foundation provides Active Teacher Grants to public school educators, enabling their students to participate in special projects. Furthermore, the foundation offers 'A Hand Up' grants to IRTA members who face immediate, short-term financial needs, providing up to $1,000 as needed throughout the year.


Official website here: www.retiredteachers.org/foundation

Who is the CEO of Indiana Retired Teachers Association Foundation Inc?

Jeffrey Zook is the President of Indiana Retired Teachers Association Foundation Inc.


Official website here: www.retiredteachers.org/foundation

What is the revenue of Indiana Retired Teachers Association Foundation Inc?

Indiana Retired Teachers Association Foundation Inc's revenue in 2023 was $45,158.


Official website here: www.retiredteachers.org/foundation

Who are the executives of Indiana Retired Teachers Association Foundation Inc and what are their salaries?

There 75 volunteers at Indiana Retired Teachers Association Foundation Inc.


Here are 8 key members and their salaries:


Jeffrey Zook (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Hostetler (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Zerkel (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ellen Mulford (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paula Dyer (Irta President, Ex-Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Morris (Ex-Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Sharon Barnes (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Penman (Ex-Officio)
  • Compensation: $0
  • Related: $79,000
  • Other: $20,283


Official website here: www.retiredteachers.org/foundation

Where can I find the form 990 for Indiana Retired Teachers Association Foundation Inc?

Indiana Retired Teachers Association Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.retiredteachers.org/foundation

Learn more at the official website: www.retiredteachers.org/foundation

Mission Statement of Indiana Retired Teachers Association Foundation Inc

Indiana Retired Teachers Association Foundation, in partnership with the Indiana Retired Teachers Association, is dedicated to enhancing the welfare of retired teachers, advocating for those currently teaching, and inspiring new entrants into the profession. The foundation's mission is multifaceted, encompassing various initiatives to support its objectives.

One of the primary ways Indiana Retired Teachers Association Foundation fulfills its mission is by offering scholarships to college sophomores and juniors majoring in education. The foundation awards a scholarship in each of its ten geographic areas annually, aiming to support the next generation of educators.

Beyond scholarships, the foundation also extends its support to active teachers through grants. Public school educators, from pre-K to 12th grade, can apply for grants to fund special projects for their students. The foundation awards at least one grant in each geographic area yearly, ensuring that various educational initiatives receive support.

Additionally, Indiana Retired Teachers Association Foundation offers financial assistance to its members who face immediate, short-term financial needs. Known as "A Hand Up," this grant program allows members to apply for up to $1,000 to help alleviate their financial burdens, emphasizing the foundation's commitment to the well-being of its members. The grant application process is flexible, allowing members to seek assistance as needed throughout the year.

Overall, Indiana Retired Teachers Association Foundation's mission is to support retired teachers, current educators, and aspiring educators by providing scholarships, grants, and financial assistance. By doing so, the foundation actively contributes to the success and well-being of the education community.

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Impact




August, 2024

The Indiana Retired Teachers Association Foundation Inc, as a partner of the Indiana Retired Teachers Association (IRTA), plays a vital role in promoting the welfare of retired teachers, supporting current educators, and encouraging individuals to enter the teaching profession. This impact is achieved through various initiatives such as providing scholarships for education majors, offering grants to public school educators for special projects, and assisting IRTA members facing short-term financial needs. By supporting teachers and education in this way, the foundation contributes to the growth and development of the educational sector in Indiana.




This information is meant to be a general summary of Indiana Retired Teachers Association Foundation 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.

Revenue
$45,158 (2023)
Expenses
$55,085 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $22,889
  • Gross Receipts: $60,531

Assets and Liabilities:

  • Total Assets: $596,665
  • Total Liabilities: $21,115
  • Net Assets: $575,550

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Organization Details

Founding Year

1976

Principal Officer

Jeffrey Zook

Main Address

2629 WATERFRONT PKWY EAST DR 105, INDIANAPOLIS, IN, 46214

NTEE Category

Code: B03 - Education

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