Team Carone Foundation
- Assets
- $120.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cary, IL
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 46-5189643
Organization Overview
Team Carone Foundation is located in Cary, IL. The organization was established in 2015. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Carone 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 12/2023, Team Carone Foundation generated $628.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (43.7%) each year. All expenses for the organization totaled $8.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy A Carone President | 5 | $0 | |
Stephen Davia Treasurer/secretary | 5 | $0 | |
Robert Wagner Director | 5 | $0 | |
Tony Colatorti Director | 5 | $0 | |
Kristin Maguire Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $628 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $628 |
| 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 | $2,214 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $161 |
| Other expenses | $2,681 |
| Total expenses | $8,056 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $120,038 |
| Other assets | $0 |
| Total assets | $120,692 |
| Total liabilities | $0 |
| Net assets or fund balances | $120,692 |