Tb12 Foundation Inc
- Assets
- $1.3m
- Revenue
- $810.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Foxboro, MA
- Founding
- 10/2015
- Data as of
- 12/2022
- EIN
- 47-3420747
Organization Overview
Tb12 Foundation Inc, operating under the name Tb12 Sports Therapy Center, is located in Foxboro, MA. The organization was established in 2015. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2022, Tb12 Sports Therapy Center employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tb12 Sports Therapy Center 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, Tb12 Sports Therapy Center generated $810.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $424.8k during the year ending 12/2022. 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
TO EDUCATE AND INSPIRE ATHLETES TO EXCEL IN BOTH SPORTS AND LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS AT-RISK INDIVIDUALS INCLUDING HIGH SCHOOL AND COLLEGE ATHLETES AS WELL AS MILITARY SERVICE MEMBERS AND FIRST RESPONDERS THROUGH OUR SCHOLARSHIP PROGRAM BY PROVIDING INNOVATIVE HEALTH AND WELLNESS RESOURCES. THROUGH PARTNERSHIPS WITH SCHOOLS AND OTHER NONPROFIT ORGANIZATIONS WHO HAVE SIMILAR GOALS, THE FOUNDATION ALSO SUPPORTS STUDENTS WITH EDUCATIONAL AND PHYSICAL ACTIVITIES TO IMPROVE THEIR HEALTH AND WELLNESS WITH THE GOAL OF ESTABLISHING LIFELONG HEALTHY HABITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Guerrero President/director | OfficerTrustee | 1 | $0 |
Shannon Zollo Director | Trustee | 1 | $0 |
Kenneth L Harvey Director | Trustee | 1 | $0 |
John Thorbahn Director | Trustee | 1 | $0 |
Alicia Chevalier Director | Trustee | 1 | $0 |
Glen Openshaw Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $508,749 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $301,947 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $810,696 |
| Total Program Service Revenue | $0 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $810,704 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $74,520 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,000 |
| Compensation of current officers, directors, key employees. | $31,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,310 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,556 |
| Fees for services: Management | $10,225 |
| Fees for services: Legal | $5,161 |
| Fees for services: Accounting | $27,763 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,053 |
| Office expenses | $9,530 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,558 |
| 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 | $5,799 |
| All other expenses | $230 |
| Total functional expenses | $424,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,268,738 |
| 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 | $5,738 |
| 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 | $1,274,476 |
| Accounts payable and accrued expenses | $12,113 |
| Grants payable | $0 |
| Deferred revenue | $49,711 |
| 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 | $61,824 |
| Net assets without donor restrictions | $817,127 |
| Net assets with donor restrictions | $395,525 |
| 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 | $1,274,476 |
Grants Awarded
Over the last fiscal year, Tb12 Foundation Inc has awarded $74,520 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TAMPA BAY SPORTS COMMISSION PURPOSE: PARTNERSHIP SUPPORTING TAMPA BAY SPORTS COMMISSION YOUTH PROGRAMS | $25,000 |
PINELLAS EDUCATION FOUNDATION PURPOSE: SUPPORT STUDENTS WITH EDUCATIONAL AND PHYSICAL ACTIVITIES TO IMPROVE THEIR HEALTH AND WELLNESS WITH THE GOAL OF ESTABLISHING LIFELONG HEALTHY HABITS | $20,070 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: SUPPORT STUDENTS WITH EDUCATIONAL AND PHYSICAL ACTIVITIES TO IMPROVE THEIR HEALTH AND WELLNESS WITH THE GOAL OF ESTABLISHING LIFELONG HEALTHY HABITS | $5,333 |
BROCKTON HIGH SCHOOL PURPOSE: SUPPORT STUDENTS WITH EDUCATIONAL AND PHYSICAL ACTIVITIES TO IMPROVE THEIR HEALTH AND WELLNESS WITH THE GOAL OF ESTABLISHING LIFELONG HEALTHY HABITS | $24,117 |