Team Inc
- Assets
- $14.1m
- Revenue
- $23.3m
- Investments
- $4.0m
- Employees
- 230
- Location
- Derby, CT
- Founding
- 10/1974
- Data as of
- 04/2024
- EIN
- 06-0835182
Organization Overview
Team Inc is located in Derby, CT. The organization was established in 1974. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 04/2024, Team Inc employed 230 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2024, Team Inc generated $23.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $22.8m during the year ending 04/2024. While expenses have increased by 7.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Team Inc has awarded 21 individual grants totaling $8,376,395. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ENSURE THE CAUSES & CONDITIONS OF POVERTY ARE BEING ADDRESSED AND THE COMMUNITIES, FAMILIES, AND INDIVIDUALS WE SERVE ARE EMPOWERED AND STRENGTHENED THROUGH EDUCATION, SUPPORT, AND OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEAM'S SUPPORT SERVICES INITIATIVES HELP & EMPOWER INDIVIDUALS AND FAMILIES TO AVOID CRISIS AND ACHIEVE ECONOMIC STABILITY AND OVERALL WELLBEING. THESE ACTIVITIES INCLUDE: BASIC NEEDS & CASE MANAGEMENT SERVICES; HOME-HEATING ASSISTANCE AND COUNSELING TO REDUCE THEIR ENERGY COSTS; FOCUSED ON THE MOST UNDERSERVED AND MARGINALIZED POPULATIONS, COMMUNITY HEALTH SERVICES DESIGNED TO FACILITATE ACCESS TO CARE AND IDENTIFY & ADDRESS HEALTH-RELATED SOCIAL NEEDS; HOUSING SUPPORTS DESIGNED TO ASSIST INDIVIDUALS IN LOCATING, OBTAINING, AND RETAINING SUITABLE HOUSING; LIMITED ENGLISH PROFICIENT SERVICES TO ENSURE & IMPROVE ACCESS TO PROGRAMS & ACTIVITIES FOR PERSONS WITH LIMITED ENGLISH PROFICIENCY, INCLUDING TRANSLATION & INTERPRETATION SERVICES THAT MEET NATIONAL STANDARDS; INCOME MANAGEMENT SERVICES THAT ENCOMPASSES HOUSEHOLD FINANCIAL COUNSELING, TAX COUNSELING/FILING, ASSET-BUILDING, AND PERSONAL CREDIT; EMPLOYMENT & TRAINING SUPPORTS AND ASSISTANCE IN ACQUIRING THE SKILLS THAT PROMOTE OPPORTUNITIES FOR SECURING EMPLOYMENT; FOOD ASSISTANCE; HEALTH INSURANCE ACCESS AND OTHER BASIC NEEDS ASSISTANCE. IN ADDITION TO THESE DIRECT SERVICES, TEAM'S LINKAGES AND REFERRALS TO COMMUNITY SERVICES COMPLIMENTS OUR INTEGRATED SERVICE DELIVERY APPROACH FOCUSED ON EMPOWERING INDIVIDUALS AND FAMILIES TOWARD ECONOMIC STABILITY.
TEAM'S EARLY CHILDHOOD INITIATIVES FOR CHILDREN PRENATAL TO AGE 5 FOCUS ON COMPREHENSIVE MULTI-GENERATIONAL SERVICES EMBODIED BY THE HEAD START PERFORMANCE STANDARDS - ENSURING BOTH CHILD AND FAMILY ARE READY FOR SUCCESS IN SCHOOL AND IN LIFE. PROGRAMS INCLUDE HEAD START & EARLY HEAD START, SCHOOL READINESS & CHILD DAY CARE, EARLY HEAD START CHILD CARE PARTNERSHIPS, STAFFED FAMILY CHILD CARE NETWORK, CHILD & ADULT CARE FOOD PROGRAM, DIAPER BANK, AND COMPREHENSIVE HEALTH, NUTRITION, DEVELOPMENTAL, AND SPECIAL EDUCATION & DISABILITIES SERVICES FOR YOUNG CHILDREN PRENATAL TO AGE 5. TEAM'S INITIATIVES ENCOMPASS WIDE-RANGING SERVICES RELATING TO FAMILY WELL-BEING AND COMMUNITY ENGAGEMENT FOCUSED ON CREATING CONDITIONS THAT OFFER ALL FAMILIES A PLACE TO MEET ONE ANOTHER, STRENGTHEN RELATIONSHIPS, AND PARTICIPATE IN ACTIVITIES TO SUPPORT CHILDREN'S SCHOOL READINESS AND STRENGTHEN COMMUNITIES.
TEAM'S ELDERLY SERVICES INITIATIVES ASSIST ELDERLY TO LIVE MORE INDEPENDENTLY WITHIN THEIR HOME AND THE COMMUNITY INCLUDING ELDER-CARE CASE MANAGEMENT AND ELDERLY NUTRITION PROGRAMMING. PROVIDING NUTRITIONALLY BALANCED MEALS AND COMPANIONSHIP ON A DAILY BASIS, TEAM IS A CRITICAL SAFETY NET FOR THE ELDERLY AND THEIR FAMILIES/CAREGIVERS. OTHER PROGRAMS PROVIDE HELP WITH ERRANDS, SHOPPING, HOUSEKEEPING, AND SMALL CHORES AROUND THE HOME - AND TEAM'S MEDICAL TRANSPORTATION PROGRAM ENSURES YEAR-ROUND ONGOING ACCESS FOR THE ELDERLY TO GET TO THEIR MEDICAL APPOINTMENTS. TEAM IS AN INFORMATION & REFERRAL NEXUS IN HELPING ELDERLY, SENIOR CENTERS, AND OTHER COMMUNITY MEMBERS NAVIGATE THE COMPLEXITIES OF ACCESSING SOCIAL SERVICE PROGRAMS, INCLUDING SNAP, LEGAL AID, AND MEDICAL COVERAGE/OPTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beatriz Lugo Director | Trustee | 2 | $0 |
Brian Fonck Chair | OfficerTrustee | 2 | $0 |
Geralyn O'neil- Wild Secretary | OfficerTrustee | 2 | $0 |
John Hatfield Director | Trustee | 2 | $0 |
Joyce Barcley Treasurer | OfficerTrustee | 2 | $0 |
Kate Zarro Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Naugatuck Public Schools Delegate Program | 4/29/24 | $1,150,160 |
Vancordtbng Inc Technology Services | 4/29/24 | $184,656 |
Re Tech Llc Construction Services | 4/29/24 | $123,644 |
Zeiss Construction Group Llc Construction Services | 4/29/24 | $154,132 |
Trio Community Meals Llc-elior Inc Childcare & Elderly Food Service | 4/29/24 | $795,207 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $15,700 |
| Membership dues | $0 |
| Fundraising events | $69,786 |
| Related organizations | $0 |
| Government grants | $21,159,394 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,129,277 |
| Noncash contributions included in lines 1a–1f | $321,793 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,374,157 |
| Total Program Service Revenue | $838,814 |
| Investment income | $38,046 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $852 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,251,869 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,166,897 |
| Grants and other assistance to domestic individuals. | $8,248,744 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $375,022 |
| Compensation of current officers, directors, key employees. | $9,977 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,350,264 |
| Pension plan accruals and contributions | $188,311 |
| Other employee benefits | $586,163 |
| Payroll taxes | $708,646 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,732 |
| Fees for services: Accounting | $63,961 |
| Fees for services: Lobbying | $2,111 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,420 |
| Fees for services: Other | $442,372 |
| Advertising and promotion | $50,531 |
| Office expenses | $224,481 |
| Information technology | $300,050 |
| Royalties | $0 |
| Occupancy | $931,446 |
| Travel | $74,395 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,241 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $795,945 |
| Insurance | $0 |
| All other expenses | $161,024 |
| Total functional expenses | $22,783,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,482,682 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,934,934 |
| Accounts receivable, net | $113,811 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $456,577 |
| Net Land, buildings, and equipment | $5,986,199 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,042,278 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80,232 |
| Total assets | $14,096,713 |
| Accounts payable and accrued expenses | $1,074,130 |
| Grants payable | $0 |
| Deferred revenue | $448,072 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,794 |
| Total liabilities | $1,541,996 |
| Net assets without donor restrictions | $11,896,246 |
| Net assets with donor restrictions | $658,471 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,096,713 |
Grants Awarded
Over the last fiscal year, Team Inc has awarded $1,225,999 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DERBY DAY CARE CENTER INC PURPOSE: DAYCARE | $69,451 |
NAUGATUCK PUBLIC SCHOOLS PURPOSE: HEAD START | $1,156,548 |