Team Walker Inc
- Assets
- $3.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 45
- Location
- Jersey City, NJ
- Founding
- 08/1999
- Data as of
- 12/2022
- EIN
- 22-3585539
Organization Overview
Team Walker Inc is located in Jersey City, NJ. The organization was established in 1999. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Team Walker Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Walker 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 12/2022, Team Walker Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 6.1% per year over the past 6 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 PROMOTE SOCIAL AWARENESS WHICH SHALL INCLUDE CHARITABLE ACTIVITIES TO BRING ABOUT CIVIC BETTERMENT AND SOCIAL IMPROVEMENT TO MINORITY YOUTHS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ACTIVITIES THAT STRENGTHEN THE PERSONAL DEVELOPMENT OF INNER-CITY YOUTH AND DEVELOPING SPORTS ACTIVITIES FOR CITY YOUTH FREE OF CHARGE.THE COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROGRAM HELPED TO DEVELOP A VACANT LAND AND BUILD A COMMUNITY FACILITY THAT NOW SERVES AS A COMMUNITY EDUCATION AND RECREATION CENTER. IT PROVIDES ACADEMIC AND ATHLETIC PROGRAMS INCLUDING LIFE SKILLS MENTORING, HEALTH AWARENESS AND HOMEWORK TUTORING FOR STUDENTS IN KINDERGARTEN THROUGH 12TH GRADE. THE 21-CENTURY PROGRAM IS DESIGNED TO SUPPLEMENT THE EDUCATION OF STUDENTS IN GRADES 3-12, WHO ATTEND SCHOOLS ELIGIBLE FOR TITLE 1 SCHOOL WIDE PROGRAMS OR SCHOOLS WHERE A MINIMUM OF 30% THE STUDENTS ARE FROM LOW-INCOME FAMILIES. THE PROGRAM AIMS TO ASSIST STUDENTS IN ATTAINING THE SKILLS NECESSARY TO MEET NEW JERSEY'S CORE CURRICULUM CONTENT STANDARDS AND COMMON CORE STANDARDS. THEREFORE, ALL 21ST CCLC PROGRAMS MUST PROVIDE STUDENTS WHO PARTICIPATE WITH ACADEMIC ENRICHMENT OPPORTUNITIES THAT COMPLEMENT THE REGULAR SCHOOL DAY.
PROVIDING ACTIVITIES THAT STRENGTHEN THE PERSONAL DEVELOPMENT OF INNER-CITY YOUTH AND DEVELOPING SPORTS ACTIVITIES FOR CITY YOUTH FREE OF CHARGE.THE COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROGRAM HELPED TO DEVELOP A VACANT LAND AND BUILD A COMMUNITY FACILITY THAT NOW SERVES AS A COMMUNITY EDUCATION AND RECREATION CENTER. IT PROVIDES ACADEMIC AND ATHLETIC PROGRAMS INCLUDING LIFE SKILLS MENTORING, HEALTH AWARENESS AND HOMEWORK TUTORING FOR STUDENTS IN KINDERGARTEN THROUGH 12TH GRADE. THE 21-CENTURY PROGRAM IS DESIGNED TO SUPPLEMENT THE EDUCATION OF STUDENTS IN GRADES 3-12, WHO ATTEND SCHOOLS ELIGIBLE FOR TITLE 1 SCHOOL WIDE PROGRAMS OR SCHOOLS WHERE A MINIMUM OF 30% THE STUDENTS ARE FROM LOW-INCOME FAMILIES. THE PROGRAM AIMS TO ASSIST STUDENTS IN ATTAINING THE SKILLS NECESSARY TO MEET NEW JERSEY'S CORE CURRICULUM CONTENT STANDARDS AND COMMON CORE STANDARDS. THEREFORE, ALL 21ST CCLC PROGRAMS MUST PROVIDE STUDENTS WHO PARTICIPATE WITH ACADEMIC ENRICHMENT OPPORTUNITIES THAT COMPLEMENT THE REGULAR SCHOOL DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremiah Walker President | OfficerTrustee | 40 | $90,000 |
Leo J Zatta Chairman | OfficerTrustee | 2 | $0 |
Bryan Felt Trustee | Trustee | 1 | $0 |
Carl Gargiulo Trustee | Trustee | 1 | $0 |
Craig Mcgraw Trustee | Trustee | 1 | $0 |
Jared J Limbach Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $118,599 |
| Related organizations | $0 |
| Government grants | $718,878 |
| All other contributions, gifts, grants, and similar amounts not included above | $950,492 |
| Noncash contributions included in lines 1a–1f | $6,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,787,969 |
| Total Program Service Revenue | $0 |
| Investment income | $112 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$22,288 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,766,115 |
| 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. | $90,000 |
| Compensation of current officers, directors, key employees. | $22,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $535,847 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,000 |
| Payroll taxes | $57,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,318 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,072 |
| Advertising and promotion | $701 |
| Office expenses | $16,392 |
| Information technology | $321 |
| Royalties | $0 |
| Occupancy | $42,775 |
| Travel | $25,664 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $58,194 |
| Interest | $32,236 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,311 |
| Insurance | $24,110 |
| All other expenses | $0 |
| Total functional expenses | $1,089,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $780,650 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $403,894 |
| Accounts receivable, net | $0 |
| 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 | $10,000 |
| Net Land, buildings, and equipment | $2,717,563 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,902,107 |
| Accounts payable and accrued expenses | $73,384 |
| 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 | $0 |
| Secured mortgages and notes payable | $1,735,783 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,809,167 |
| Net assets without donor restrictions | $1,654,056 |
| Net assets with donor restrictions | $438,884 |
| 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 | $3,902,107 |