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Memphis Teacher Residency Inc

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

EIN: 264440905 ✦ Memphis, TN ✦ Designated as a 501(c)(3)

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

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.

Here 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:

    Megan Salemi (Director Of Education)
  • Compensation: $116,714
  • Related: $0
  • Other: $14,663

    • Angeline Gardner (Director Of Development)
  • Compensation: $107,741
  • Related: $0
  • Other: $23,312

    • David Montague (Executive Director)
  • Compensation: $115,383
  • Related: $0
  • Other: $15,575

    • Tom Marino (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Maxie Dunnam (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Montague (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Harris (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Carol Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Hill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dorsey Hopson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.memphistr.org

    Where can I find the form 990 for Memphis Teacher Residency Inc?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Memphis Teacher Residency Inc's impact lies in its mission to provide students in low-income Memphis neighborhoods with quality education by recruiting, training, and supporting effective teachers within a Christian context. Through its program, participants receive a Master of Arts in Teaching, intensive classroom experience in under-resourced schools, state educator license, living stipend, and ongoing mentoring. By equipping educators to work in these communities, Memphis Teacher Residency is contributing to the improvement of education in Memphis and helping to empower individuals in these neighborhoods.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $0
  • 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
  • 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

    Principal Officer

    David Montague

    Main Address

    PO BOX 40713, MEMPHIS, TN, 38174

    NTEE Category

    Code: B82 - Education

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