Team Foundation
- Assets
- $344.9k
- Revenue
- $324.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bagley, MN
- Founding
- 09/2003
- Data as of
- 12/2022
- EIN
- 06-1696861
Organization Overview
Team Foundation is located in Bagley, MN. The organization was established in 2003. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Foundation 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 12/2022, Team Foundation generated $324.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $621.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Team Foundation has awarded 187 individual grants totaling $3,285,063. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Matthews Exec Board C | 0.5 | $0 | |
Nan Vobr Board Member | 0.25 | $0 | |
Tricia Young President/tr | 4 | $0 | |
Steve Kast Vice Preside | 4 | $0 | |
Sara Gordon Board Member | 0.25 | $0 | |
Jerusa Frederick Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $322,833 |
| Interest on Savings | $1,195 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $324,028 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $43 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $69,792 |
| Total operating and administrative expenses | $70,590 |
| Contributions, gifts, grants paid | $550,624 |
| Total expenses and disbursements | $621,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $344,872 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $344,872 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Team Foundation has awarded $550,624 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
BAGLEY HIGH SCHOOL PURPOSE: PROGRAM SUPPORT - ATHLETICS | $19,000 |
BEMIDJI HIGH SCHOOL PURPOSE: PROGRAM SUPPORT - ROBOTICS | $2,500 |
BLUEJACKETS ROBOTICS BOOSTER CLUB PURPOSE: PROGRAM SUPPORT - ROBOTICS | $7,000 |
CLEAR WATERS LIFE CENTER PURPOSE: PROGRAM SUPPORT | $5,000 |
CLEARBROOK GONVICK SCHOOL PURPOSE: IPADS & SCHOOL READINESS PROG SUPP | $44,000 |
CLEARWATER COUNTY SHERIFF'S DEPT PURPOSE: GENERAL FUND | $21,499 |