Team Phenomenal Hope Inc
- Assets
- $556.5k
- Revenue
- $565.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Beloit, WI
- Founding
- 09/2012
- Data as of
- 12/2021
- EIN
- 45-4956117
Organization Overview
Team Phenomenal Hope Inc is located in Beloit, WI. The organization was established in 2012. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Team Phenomenal Hope Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Phenomenal Hope 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 12/2021, Team Phenomenal Hope Inc generated $565.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 46.5% each year . All expenses for the organization totaled $367.7k during the year ending 12/2021. While expenses have increased by 27.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TEAM PHENOMENAL HOPE WAS CREATED TO BRING TOGETHER A WORLDWIDE TEAM OF INDIVIDUALS TO BUILD A COMMUNITY AND IMPROVE THE QUALITY OF LIFE FOR THOSE LIVING WITH PULMONARY HYPERTENSION. TO SUCCEED IN OUR MISSION, TEAM PHENOMENAL HOPE EMBODIES THE CULTURE AND SPIRIT OF ENDURANCE RACING, AND WE WORK HARD TO UNIFY PATIENTS, CAREGIVERS, ATHLETES, AND OUR DONORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEAM PHENOMENAL HOPE PROVIDED $38,500 TO PULMONARY HYPERTENSION PATIENTS EXPERIENCING UNMET NEEDS AND /OR RESIDING IN A DISASTER AREA. FORMAL REQUESTS ARE SUBMITTED BY INDIVIDUALS AND REVIEWED BY A TEAM PHENOMENAL HOPE COMMITTEE. $500 PER INDIVIDUAL IS AWARDED BASED IN ACCEPTANCE OF THEIR APPLICANT FOR THE GRANT.
TEAM PHENOMENAL HOPE PROVIDED $25,000 FOR RESEARCH TO SUPPORT MEDICAL RESEARCH TO IMPROVE TREAMENTS OR FOR FINDING A CURE FOR PULMONARY HYPERTENSION. THIS GRANT WAS AWARDED TO THE BRAZILIAN PULMONARY HYPERTENSION AND RELATED DISEASES ASSOCIATION. THIS WAS AWARDED THROUGH AN APPLICATION PROCESS AND REVIEWED/SELECTED BY A COMMITTEE OF THE TEAM PHENOMENAL BOARD OF DIRECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Appleby Executive Director | Officer | 40 | $61,346 |
Allen Farber Director | Trustee | 1 | $0 |
Patricia George MD Director/founder | Trustee | 5 | $0 |
Carl Hicks Treasurer | Trustee | 5 | $0 |
Harrison Farber MD Vice-President | Trustee | 5 | $0 |
Lenise Whitley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $403,434 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $403,434 |
| Total Program Service Revenue | $0 |
| Investment income | $71 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $94,056 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $565,493 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| Grants and other assistance to domestic individuals. | $38,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $118,500 |
| Compensation of current officers, directors, key employees. | $17,775 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,863 |
| Payroll taxes | $14,109 |
| Fees for services: Management | $27,700 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,131 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,095 |
| Advertising and promotion | $26,640 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $752 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,166 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $165 |
| Total functional expenses | $367,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,710 |
| Savings and temporary cash investments | $431,833 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $556,543 |
| Accounts payable and accrued expenses | $389 |
| 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 | $0 |
| Total liabilities | $389 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $556,154 |
| Total liabilities and net assets/fund balances | $556,543 |
Grants Awarded
Over the last fiscal year, Team Phenomenal Hope Inc has awarded $0 in support to 3 organizations.
| Grant Recipient | Amount |
|---|
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Team Phenomenal Hope Inc has recieved totaling $37,079.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $16,679 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $8,775 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,057 |
The Dimmer Family Foundation Tacoma, WA PURPOSE: GENERAL | $2,500 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: MATCHING GIFTS | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $318 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Michigan Health Endowment Fund Brighton, MI | $367,711,952 | $101,875,561 |
Nf Forward Detroit, MI | $11,092,671 | $8,373,465 |
Usher Iii Initiative Inc Chicago, IL | $1,337,377 | $2,469,529 |
Fairwaycares Inc Madison, WI | $4,640,276 | $2,059,491 |
Lung Cancer Foundation Of America New Ulm, MN | $1,303,793 | $1,298,335 |
Caribbean Christian Centre For The Deaf Inc Zeeland, MI | $419,881 | $1,266,757 |
Steve Rummler Hope Network St Paul, MN | $635,822 | $1,043,933 |
A Breath Of Hope Lung Foundation Wayzata, MN | $1,150,164 | $1,194,306 |
Poetice Holland, MI | $490,843 | $1,098,533 |
Danny Did Foundation Evanston, IL | $2,130,382 | $1,124,024 |
Illinois Cancercare Foundation Peoria, IL | $1,967,490 | $900,745 |
Pardee Cancer Treatment Fund Of Midland & Gladwin Midland, MI | $4,021,265 | $224,149 |