Team Phenomenal Hope Inc
- Assets
- $812.2k
- Revenue
- $892.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Maspeth, NY
- Founding
- 09/2012
- Data as of
- 12/2023
- EIN
- 45-4956117
Organization Overview
Team Phenomenal Hope Inc is located in Maspeth, NY. 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 12/2023, Team Phenomenal Hope Inc employed 4 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 12/2023, Team Phenomenal Hope Inc generated $892.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 41.6% each year . All expenses for the organization totaled $619.9k during the year ending 12/2023. While expenses have increased by 27.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SERVING THE COURAGEOUS LIVING WITH PULMONARY HYPERTENSION THROUGH SUPPORT, PROGRAMS, EDUCATION AND RESEARCH SINCE 2012. WE FUND MEDICAL RESEARCH AND IMPLEMENT PROGRAMMING FOCUSED ON REMOVING PATIENTS FROM ISOLATION, PROVIDING HOPE, AND ADDRESSING AND ALLEVIATING THEIR UNMET NEEDS THROUGH FINANCIAL SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEAM PHENOMENAL HOPE PROVIDED $55,500 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.
PHENOMENAL CONNECTIONS: PHENOMENAL CONNECTIONS MATCHES TRAINED PEER SUPPORTERS LIVING WITH PH TO OTHER PATIENTS AND PROVIDES UNDERSTANDING AND HOPE TO THOSE WHO NEED SUPPORT AFTER RECEIVING A PH DIAGNOSIS. PATIENTS ARE MATCHED BASED ON THE TYPE OF PH, AGE, GENDER, AND OTHER FACTORS THAT MAY FOSTER A BENEFICIAL CONNECTION AND EASE OF COMMUNICATION. PEER VOLUNTEERS ARE TRAINED IN BASIC COUNSELING SKILLS, ARE REGULARLY UPDATED ABOUT TPH AND COMMUNITY RESOURCES, AND ARE COMMITTED TO CONFIDENTIALITY.
TEAM PHENOMENAL HOPE PROVIDED $50,000 FOR RESEARCH TO FURTHER RESEARCH INTO PULMONARY HYPERTENSION FOR DR GU'S PROJECT ENTITLED, "SEX DIFFERENCES AND THE IMPACT OF HIGH INTENSITY INTERVAL TRAINING ON RIGHT VENTRICULAR METABOLISM IN PULMONARY HYPERTENSION."
ANNUAL PHENOMENAL HOPE CONFERENCE: KNOWLEDGE, RESEARCH & ADVOCACY IN PH IS A SYMPOSIUM OFFERING A COMBINATION OF ORAL PRESENTATIONS, EXPERT PANEL DISCUSSIONS, AND POSTER SESSIONS IN AN ENVIRONMENT THAT FOSTERS COLLABORATION AND A DEEPER EXPLORATION OF PULMONARY HYPERTENSION PATIENT-CENTERED RESEARCH. ESTABLISHED EXPERTS, THOUGHT LEADERS, YOUNG INVESTIGATORS, AND HEALTHCARE PROVIDERS COMMITTED TO ADVANCING CLINICAL SCIENCE AND CARE IN THE FIELD OF PULMONARY HYPERTENSION ATTEND AND ARE OFFERED THE OPPORTUNITY TO SHARE ORIGINAL RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia George MD Director | Trustee | 1 | $0 |
Allen Farber Director | Trustee | 1 | $0 |
Carl Hicks Treasurer | Trustee | 1 | $0 |
Harrison Farber MD President | Trustee | 5 | $0 |
Lenise Whitley Director | Trustee | 1 | $0 |
Kathy Eberwein 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 | $777,889 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $777,889 |
| Total Program Service Revenue | $0 |
| Investment income | $37 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $113,908 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $892,834 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| Grants and other assistance to domestic individuals. | $55,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $122,885 |
| Compensation of current officers, directors, key employees. | $12,289 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $158,205 |
| Pension plan accruals and contributions | $7,704 |
| Other employee benefits | $24,781 |
| Payroll taxes | $24,541 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,056 |
| Fees for services: Accounting | $15,504 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,008 |
| Advertising and promotion | $31,850 |
| Office expenses | $1,068 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,088 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,667 |
| Interest | $92 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $68 |
| Total functional expenses | $619,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $687,427 |
| Savings and temporary cash investments | $124,734 |
| 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 | $33 |
| Total assets | $812,194 |
| Accounts payable and accrued expenses | $8,476 |
| 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 | $8,476 |
| 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 | $803,718 |
| Total liabilities and net assets/fund balances | $812,194 |
Grants Awarded
Over the last fiscal year, Team Phenomenal Hope Inc has awarded $75,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TUFTS MEDICAL CENTER PURPOSE: FOR MEDICAL RESEARCH TO IMPROVE TREATMENTS OR FOR FINDING A CURE FOR PULMONARY HYPERTENSION. DONATION IS FOR A SAFETY AND FEASIBILITY STUDY OF SUPERIOR VENA CAVA OCCLUSION IN PATIENTS WITH ADVANCED PRE-CAPILLARY PULMONARY HYPERTENSION. | $25,000 |
UNIVERSITY OF CINCINATTI PURPOSE: FOR MEDICAL RESEARCH TO IMPROVE TREATMENTS OR FOR FINDING A CURE FOR PULMONARY HYPERTENSION. DR. JOSE RECEIVED THE GRANT FOR HIS SUBMISSION TITLED, "CIRCULATING GUT-DERIVED METABOLITES AS MARKERS OF DISEASE SEVERITY IN PAH." | $50,000 |