T E A M Foundation Inc
- Assets
- $115.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lincolnton, NC
- Founding
- 07/2011
- Data as of
- 04/2024
- EIN
- 27-3173336
Organization Overview
T E A M Foundation Inc is located in Lincolnton, NC. The organization was established in 2011. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, 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. T E A M 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 04/2024, T E A M Foundation Inc generated $90.5k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $41.2k during the year ending 04/2024. 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
2024
Describe the Organization's Program Activity:
Part 3
ORGANIZATION IS A WAY FOR TIMES OIL CORPORATION TO GIVE BACK TO ITS HOME COMMUNITIES, ENRICHING THE LIVES OF THEIR YOUNG PEOPLE THROUGH SUPPORT OF LOCAL EDUCAITONAL ORGANIZATIONS AND RECREATIONAL OPPORTUNITIES AND TO CONTRIBUTE SUPPORT TO LOCAL CHARITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David M Boyd President | 0 | $0 | |
Hunter Boyd Vice President | 0 | $0 | |
Deborah Owens Secretary | 0 | $0 | |
Daniel M Boyd IV Director | 0 | $0 | |
Daniel M Boyd III Director | 0 | $0 | |
Donna J Scates Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $50 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $90,469 |
| Other Revenue | $0 |
| Total Revenue | $90,519 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $41,157 |
| Total expenses | $41,157 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $115,312 |
| Other assets | $0 |
| Total assets | $115,312 |
| Total liabilities | $0 |
| Net assets or fund balances | $115,312 |