Team Impact
- Assets
- $5.7m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 53
- Location
- Quincy, MA
- Founding
- 06/2011
- Data as of
- 12/2022
- EIN
- 45-1837673
Organization Overview
Team Impact is located in Quincy, MA. The organization was established in 2011. According to its NTEE Classification (T40) the organization is classified as: Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Team Impact employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Impact 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 Impact generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.8% each year . All expenses for the organization totaled $8.6m during the year ending 12/2022. While expenses have increased by 28.0% per year over the past 8 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
TEAM IMPACT IS THE ONLY U.S. NONPROFIT THAT TACKLES THE EMOTIONAL TRAUMA AND SOCIAL ISOLATION EXPERIENCED BY CHILDREN FACING SERIOUS AND CHRONIC ILLNESSES BY MATCHING THEM WITH A COLLEGE ATHLETIC TEAM. OUR TWO-YEAR THERAPEUTIC PROGRAM COMPLEMENTS A CHILD'S MEDICAL TREATMENTS, ALLOWING THE CHILD TO DEVELOP RELATIONSHIPS AND SKILLS THAT HELP THEM COMPLETE THE FULL CIRCLE OF HEALING.THROUGH PARTICIPATION IN TEAM IMPACT'S CLINICALLY INFORMED PROGRAM, CHILDREN EXPERIENCE A TRUE SENSE OF BELONGING, RESULTING IN INCREASED EMPOWERMENT, NORMALIZATION, HEALTH PROMOTION, AND RESILIENCE. FAMILIES FEEL CONNECTED AND SUPPORTED AS THEIR CHILD ACHIEVES INDIVIDUALIZED GOALS, WHILE EXPERIENCING THE JOY OF TEAM CAMARADERIE AND INCLUSION; AND STUDENT ATHLETES GAIN PERSPECTIVE AND INSPIRATION, AS WELL AS LESSONS IN ADVERSITY AND RESILIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES ABOVE RELATED TO THE IDENTIFICATION AND EDUCATION OF THE MEDICAL AND COLLEGE ATHLETIC COMMUNITIES ABOUT THE BENEFIT OF THE PROGRAM TO THE CHILDREN AND STUDENT ATHLETES, AS WELL AS THE PARTICIPANT CASE MANAGEMENT PROCESS. DURING 2022, TEAM IMPACT MADE 440 NEW MATCHES, WHICH ADDED 440 NEW FAMILIES TO OUR GROWING ROSTER. THESE NEW MATCHES CULMINATED IN MORE THAN 1,000 ACTIVE MATCHES IN OUR PROGRAM DURING THE 2022 CALENDAR YEAR, ALLOWING US TO REACH APPROXIMATELY 25,000 STUDENT ATHLETES IN 2022 ALONE. FOUNDED IN 2011, TEAM IMPACT HAS MATCHED OVER 3,000 CHILDREN SINCE ITS INCEPTION THROUGH THE END OF 2022, PARTNERING WITH ALMOST 700 COLLEGES AND UNIVERSITIES ACROSS 50 STATES, AND IMPACTING MORE THAN 75,000 STUDENT ATHLETES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kris Herman Director (thru June 2022) | Trustee | 2 | $0 |
Dan Walsh Director | Trustee | 2 | $0 |
Jay Calnan Director | Trustee | 4 | $0 |
Tim Kelly Director/ Treasurer (thru June 2022) | OfficerTrustee | 6 | $0 |
Daniel Kraft Director | Trustee | 4 | $0 |
Kristin Giarrusso Director/chair | OfficerTrustee | 6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gyk Antler Llc Marketing/social Media Consulting | 12/30/22 | $294,914 |
Thistle Communications Lighting & A/v At Annual Gala | 12/30/22 | $238,842 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,729,792 |
| Related organizations | $0 |
| Government grants | $89,158 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,603,649 |
| Noncash contributions included in lines 1a–1f | $1,372,269 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,422,599 |
| Total Program Service Revenue | $0 |
| Investment income | $5,606 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,066,737 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,379,504 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $48,223 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,499,870 |
| Compensation of current officers, directors, key employees. | $23,233 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,105,010 |
| Pension plan accruals and contributions | $53,945 |
| Other employee benefits | $518,212 |
| Payroll taxes | $393,980 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $75,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $264,495 |
| Advertising and promotion | $1,472,819 |
| Office expenses | $171,737 |
| Information technology | $27,800 |
| Royalties | $0 |
| Occupancy | $264,011 |
| Travel | $205,219 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $540 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,962 |
| Insurance | $20,422 |
| All other expenses | $0 |
| Total functional expenses | $8,636,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,603,118 |
| Savings and temporary cash investments | $410,121 |
| Pledges and grants receivable | $825,319 |
| 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 | $65,729 |
| Net Land, buildings, and equipment | $284,484 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $501,082 |
| Other assets | $0 |
| Total assets | $5,689,853 |
| Accounts payable and accrued expenses | $395,403 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $539,953 |
| Total liabilities | $935,356 |
| Net assets without donor restrictions | $3,770,971 |
| Net assets with donor restrictions | $983,526 |
| 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 | $5,689,853 |