Team Velvet Inc
- Assets
- $32.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rocky Hill, NJ
- Founding
- 05/2009
- Data as of
- 12/2022
- EIN
- 26-2167394
Organization Overview
Team Velvet Inc is located in Rocky Hill, NJ. The organization was established in 2009. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Velvet 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 Velvet Inc generated $41.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (24.0%) each year. All expenses for the organization totaled $47.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
AS THERAPY PARTNERS, HORSES OFFER A SPECIAL COMBINATION OF RESOURCES. THESE HORSES HELP TO IMPROVE THE MENTAL HEALTH OF CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer West-Gavin Director | 0 | $0 | |
Susan Edwards President | 0 | $0 | |
Thomas Ferguson Director | 0 | $0 | |
Kathy Piparo Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,058 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,291 |
| Other Revenue | $0 |
| Total Revenue | $41,349 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,600 |
| Occupancy, rent, utilities, and maintenance | $42,777 |
| Printing, publications, postage, and shipping | $860 |
| Other expenses | $2,051 |
| Total expenses | $47,288 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,893 |
| Other assets | $0 |
| Total assets | $32,893 |
| Total liabilities | $0 |
| Net assets or fund balances | $32,893 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Team Velvet Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aria Health Orthopaedics Philadelphia, PA | $3,198,363 | $6,577,932 |
Christiana Care Health Initiatives Inc Newark, DE | $4,621,312 | $3,315,291 |
Childrens Rehabilitation Center Inc Yonkers, NY | $4,422,460 | $6,996,149 |
Life-Skills Home Training Tutorial Program For Pre-Schoolers Inc Whitestone, NY | $2,451,178 | $6,313,439 |
Bancroft Rehabilitation Services Cherry Hill, NJ | $32,757,101 | $6,909,656 |
Schreiber Center For Pediatric Development Lancaster, PA | $10,365,993 | $8,780,327 |
Occupational Center Of Union County Inc Roselle, NJ | $10,933,854 | $6,568,594 |
Harmony Services Inc Brooklyn, NY | $5,119,465 | $6,716,300 |
Icd International Center For The Disabled Inc New York, NY | $22,873,972 | $2,729,734 |
Center For Hearing & Deaf Services Inc Pittsburgh, PA | $2,542,717 | $3,984,072 |
Easter Seals Eastern Pennsylvania Allentown, PA | $4,261,646 | $4,391,523 |
Firefighters Charitable Foundation Inc Farmingdale, NY | $947,302 | $4,060,867 |