Teamwork Foundation Inc
- Assets
- $725.3k
- Revenue
- $939.4k
- Investments
- $0.0
- Employees
- 20
- Location
- Bronx, NY
- Founding
- 04/1980
- Data as of
- 06/2022
- EIN
- 13-3073873
Organization Overview
Teamwork Foundation Inc is located in Bronx, NY. The organization was established in 1980. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 06/2022, Teamwork Foundation Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teamwork Foundation 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 06/2022, Teamwork Foundation Inc generated $939.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 5.9% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE AND OPERATE COMPETITIVE ATHLETIC PROGRAMS, COMPREHENSIVE EDUCATIONAL SERVICES, & A COMMUNITY FACILITY ALL TO BENEFIT UNDERSERVED BOYS AND GIRLS, ALLOWING THEM TO STAY IN SCHOOL, GRADUATE, AND GAIN ACCESS TO A COLLEGE EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATIONAL, RECREATIONAL, AND COUNSELING SERVICES TO NEW YORK CITY YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Bader Board Member | Trustee | 0 | $0 |
Russell Smith Board Member | Trustee | 0 | $0 |
Adam Bronfman Board Member | Trustee | 0 | $0 |
Lou Dalmeida Chairman Emeritus | Trustee | 0 | $0 |
Charles Chiara President | Officer | 0 | $0 |
John Beaty Secretary Treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $533,573 |
| Noncash contributions included in lines 1a–1f | $137,614 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $533,573 |
| Total Program Service Revenue | $405,848 |
| Investment income | $26 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $939,447 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $249,875 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,117 |
| Payroll taxes | $24,136 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,736 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $21,847 |
| Information technology | $7,353 |
| Royalties | $0 |
| Occupancy | $135,876 |
| Travel | $173,573 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,173 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,893 |
| Insurance | $13,566 |
| All other expenses | $56,733 |
| Total functional expenses | $1,045,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,549 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,100 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,911 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $454,713 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $725,273 |
| Accounts payable and accrued expenses | $90,151 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $82,953 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,471 |
| Total liabilities | $184,575 |
| Net assets without donor restrictions | $540,698 |
| Net assets with donor restrictions | $0 |
| 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 | $725,273 |