Team4tech Foundation
- Assets
- $1.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 8
- Location
- San Mateo, CA
- Founding
- 02/2013
- Data as of
- 06/2021
- EIN
- 46-1135641
Organization Overview
Team4tech Foundation is located in San Mateo, CA. The organization was established in 2013. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Team4tech Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team4tech Foundation 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 06/2021, Team4tech Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 13.3% 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.
Since 2015, Team4tech Foundation has awarded 27 individual grants totaling $534,431. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TEAM4TECH WORKS TO ADVANCE 21ST-CENTURY EDUCATION FOR UNDERSERVED LEARNERS AROUND THE WORLD BY CONNECTING TECHNOLOGY VOLUNTEERS AND SOLUTIONS WITH HIGH IMPACT NON-PROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FY20-21, TEAM4TECH DEPLOYED 418 VOLUNTEERS ON 44 PROJECTS IN 13 COUNTRIES(CAMBODIA, GHANA, INDIA, KENYA, LIBERIA, MALAWI, PARAGUAY, RWANDA, SOUTH AFRICA,TANZANIA, UGANDA, UNITED STATES AND VIETNAM), BENEFITTING APPROXIMATELY 52,192 TEACHERS AND STUDENTS DIRECTLY AND 201,724 INDIRECTLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Clugage Executive Dir. | OfficerTrustee | 40 | $0 |
Lila Ibrahim Chairman | OfficerTrustee | 1.25 | $0 |
Mark Friedman Secretary | OfficerTrustee | 0.25 | $0 |
John Solomon Treasurer | OfficerTrustee | 1.25 | $0 |
Erin Ganju Director | Trustee | 0.25 | $0 |
Yin Lu Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,849,666 |
| Investment income | $39 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $330 |
| Net Income from Fundraising Events | -$50,873 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,799,162 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $388,227 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $519,041 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,548 |
| Payroll taxes | $42,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,268 |
| Fees for services: Accounting | $25,873 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,455 |
| Advertising and promotion | $20,914 |
| Office expenses | $37 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,219 |
| Travel | $101 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,152 |
| All other expenses | $0 |
| Total functional expenses | $1,289,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,155,188 |
| Pledges and grants receivable | $42,500 |
| 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 | $21,936 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,339 |
| Total assets | $1,223,963 |
| Accounts payable and accrued expenses | $22,625 |
| Grants payable | $0 |
| Deferred revenue | $10,000 |
| 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 | $2,809 |
| Total liabilities | $35,434 |
| 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 |
| Total liabilities and net assets/fund balances | $1,188,529 |
Grants Awarded
Over the last fiscal year, Team4tech Foundation has awarded $60,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Redwood City, CA PURPOSE: SUPPORT | $15,000 |
New York, NY PURPOSE: SUPPORT | $15,000 |
Watsonville, CA PURPOSE: SUPPORT | $15,000 |
Charleston, WV PURPOSE: SUPPORT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Team4tech Foundation has recieved totaling $636,090.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $128,965 |
The Patrick J Mcgovern Foundation Inc Boston, MA PURPOSE: TO SUPPORT SCALING TEAM4TECH'S REGIONAL HUBS IN SUB-SAHARAN AFRICA AND ASIA TO CREATE NETWORKS OF SUPPORT FOR NONPROFIT PARTNERS. | $125,000 |
Zendesk Neighbor Foundation San Francisco, CA PURPOSE: TEAM4TECH FOUNDATION - OPERATIONAL GRANT TO TEAM4TECH FOUNDATION AS PART OF THE SOCIAL IMPACT Q3 PROGRAM. | $110,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $102,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $68,250 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Duffield Family Foundation Pleasanton, CA | $258,368,317 | $20,065,038 |
American Indian Model Schools Oakland, CA | $18,645,472 | $19,971,757 |
Partnership For Los Angeles Schools Los Angeles, CA | $63,718,377 | $31,128,437 |
Hamburger Home Los Angeles, CA | $14,127,988 | $18,500,267 |
Arizona Agribusiness & Equine Center Phoenix, AZ | $41,363,992 | $18,352,142 |
Summit Public Schools Washington Redwood City, CA | $14,247,719 | $16,987,121 |
All For Health Health For All Inc Glendale, CA | $29,884,317 | $23,523,677 |
International Society For Technology In Education Portland, OR | $20,256,205 | $13,556,365 |
Northwest Christian School Phoenix, AZ | $14,587,608 | $15,711,697 |
Fit Kids Inc Scottsdale, AZ | $27,357,951 | $13,904,484 |
Oxford Preparatory Academy Aliso Viejo, CA | $8,703,539 | $15,190,265 |
Center For Academic Success Sierra Vista, AZ | $18,278,347 | $12,993,576 |