Team Velvet Inc
- Assets
- $22.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rocky Hill, NJ
- Founding
- 05/2009
- Data as of
- 12/2023
- 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 12/2023, Team Velvet Inc generated $48.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $58.6k during the year ending 12/2023. 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
2023
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 |
|---|---|---|---|
Susan Edwards President | 0 | $0 | |
Kathy Piparo Director | 0 | $0 | |
Thomas Ferguson Director | 0 | $0 | |
Jennifer West-Gavin Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,347 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,264 |
| Other Revenue | $0 |
| Total Revenue | $48,611 |
| 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 | $7,159 |
| Occupancy, rent, utilities, and maintenance | $48,692 |
| Printing, publications, postage, and shipping | $253 |
| Other expenses | $2,511 |
| Total expenses | $58,615 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,097 |
| Other assets | $0 |
| Total assets | $22,899 |
| Total liabilities | $0 |
| Net assets or fund balances | $22,899 |