Better Business Bureau Report for
Golden Apple Foundation for Excellence in Teaching

Better Business Bureau Report issued March 2015
Better Business Bureau Report expires March 2017

Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...

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Charity Contact Information

Name: Golden Apple Foundation for Excellence in Teaching
Address: 8 South Michigan Ave.
Suite 700
  Chicago, IL 60603
Phone: 312-407-0006
Web Address:
Also known as:Golden Apple Foundation
Golden Apple
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Better Business Bureau Comments

Year, State Incorporated: 1985, Illinois
Affiliates: None
Stated Purpose: Golden Apple’s mission is to inspire, develop and support teacher excellence in Illinois in schools of need. Because the critical contributor to student achievement is the quality of the teacher in the classroom, Golden Apple provides exceptional preparation for teachers at all stages of their careers. Through innovative programs offering methods, resources and mentoring, Golden Apple works to transform teachers and teaching, enriching both student and teacher lives.

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Evaluation Conclusions


Golden Apple Foundation for Excellence in Teaching does not meet the following Standard for Charity Accountability.

Standard 17: Web Site Disclosures - Include on any charity websites that solicit contributions, the same information that is recommended for annual reports, as well as the mailing address of the charity and electronic access to its most recent IRS Form 990.

Golden Apple Foundation for Excellence in Teaching meets the remaining 19 Standards for Charity Accountability.
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The Golden Apple Foundation was established to advance the teaching profession. While Golden Apple’s initial focus was on recognizing effective teachers, the programmatic emphasis expanded to include teacher recruitment and preparation as well as professional development. Outstanding teachers are honored through the well-known Golden Apple Awards for Excellence in Teaching, an annual awards program broadcast in Chicago by WTTW Channel 11. The STEM Institute provides Chicago area STEM K-8th grade teachers with an innovative professional development program. The core program of the organization is the Golden Apple Scholars of Illinois Program. This program is distinctive to other teacher preparation programs throughout the country in its ability to recruit, prepare, and support students to become career teachers committed to impacting schools of need.

For the fiscal year ended December 31, 2013, Golden Apple Foundation for Excellence in Teaching's program expenses were:

Scholars of Illinois 4,253,844
professional development 223,489
fellows contributions 116,346
academy 99,981
awards gala, indirect costs 35,094
25th Anniversary Scholars 30,218
Total Program Expenses: $4,758,972
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Chief Executive : Dominic Belmonte, CEO & President

Chair of the Board: David Chandler
Chair's Profession / Business Affiliation: Managing Partner, Chicago Growth Partners

Co-Chair of the Board : Robert Newman

Chair's Profession / Business Affiliation: Investment Services Senior Partner

Board Size: 33

Paid Staff Size: 25

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising


Method(s) Used:

direct mail, invitations to fund raising events, grant proposals, internet, cause-related marketing
Fund raising costs were 6% of related contributions. (Related contributions, which totaled $4,681,534, are donations received as a result of fund raising activities.)
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Tax Status


This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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The following information is based on Golden Apple Foundation for Excellence in Teaching's audited financial statements for the fiscal year ended December 31, 2013.

Source of Funds  
state grants 3,759,410
investment income 868,755
corporate/foundation contributions 325,333
other government funding 300,000
special events revenue 220,204
individual contributions 173,697
director contributions 123,094
other revenue 86,141
Total Income $5,856,634


Uses of Funds as a % of Total Expenses

Programs: 93%  Fund Raising: 5%  Administrative: 2% 

Total income $5,856,634
Program expenses $4,758,972
Fund raising expenses 275,613
Administrative expenses 83,226
Total expenses $5,117,811
Income in Excess of Expenses 738,823
Beginning net assets 3,666,184
Ending net assets 3,887,032
Total liabilities 0
Total assets $0

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

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