Team Cmmd Foundation
- Assets
- $250.3k
- Revenue
- $37.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Exton, PA
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 46-5739387
Organization Overview
Team Cmmd Foundation is located in Exton, PA. The organization was established in 2015. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Cmmd 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 12/2022, Team Cmmd Foundation generated $37.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (21.8%) each year. All expenses for the organization totaled $53.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.3%) per year over the past 8 years. 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 CMMD FOUNDATION IS A NOT-FOR-PROFIT CHARITY OF VOLUNTEERS, RUNNERS, WALKERS & CYCLISTS WORKING TOGETHER FOR THOSE FIGHTING CANCER IN OUR COMMUNITY AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEAM CMMD FOUNDATION PROVIDES MONETARY SUPPORT TO FAMILIES DEALING WITH THE FINANCIAL AND EMOTIONAL IMPACT OF CANCER. THE FUNDS ARE USED TO ASSIST WITH MEDICAL EXPENSES AND OTHER HOUSEHOLD COSTS. INCLUDED IN THE FINANCIAL ASSISTANCE IS A $5,000 ANNUAL SCHOLARSHIP TO A STUDENT ATTENDING A COLLEGE OR UNIVERSITY. THE STUDENT MUST ACHIEVE A 3.0 GPA TO MAINTAIN THE SCHOLARSHIP.
THE FOUNDATION HOLDS SEVERAL RACES THROUGHOUT THE YEAR TO BUILD COMRADERY AMONG SUPPORTERS. THE FOUNDATION WAS FORMED TO HELP THOSE IMPACTED BY CANCER BY RUNNING TOGETHER TO SHOW THIER SUPPORT AS A TEAM.
THE FOUNDATION ORGANIZES COMMUNITY EVENTS TO BRING SUPPORTERS AND CANCER PATIENTS TOGETHER TO PROMOTE THE MISSION STATEMENT OF THE FOUNDATION. THE GOAL IS TO SHOW SUPPORT AS TEAM TO HELP THOSE SUFFERING FROM CANCER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Baker President | OfficerTrustee | 5 | $0 |
Jen Burton Vice President | OfficerTrustee | 3 | $0 |
Jackie Mariani Treasurer | OfficerTrustee | 3 | $0 |
Lauren Stafford Director | OfficerTrustee | 3 | $0 |
Jen Gilchrist Director | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,231 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,903 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,134 |
| Total Program Service Revenue | $0 |
| Investment income | $6,431 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $60 |
| Net Income from Fundraising Events | -$2,936 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,689 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $29,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $5,775 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,509 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $646 |
| Information technology | $6,168 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,685 |
| All other expenses | $0 |
| Total functional expenses | $52,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,526 |
| Savings and temporary cash investments | $0 |
| 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 | $899 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $120,890 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $250,315 |
| Accounts payable and accrued expenses | $92 |
| 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 | $92 |
| Net assets without donor restrictions | $250,223 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $250,315 |