World T E A M Sports
- Assets
- $296.4k
- Revenue
- $668.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Boston, MA
- Founding
- 10/1993
- Data as of
- 12/2022
- EIN
- 56-1827893
Organization Overview
World T E A M Sports is located in Boston, MA. The organization was established in 1993. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, World T E A M Sports employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World T E A M Sports 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, World T E A M Sports generated $668.4k 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 (3.7%) each year. All expenses for the organization totaled $738.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) 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
WORLD T.E.A.M. BRINGS ADAPTIVE AND ABLE-BODIED ATHLETES TOGETHER BY EMPOWERING, ENABLING AND ENGAGING INDIVIDUALS THROUGH INCLUSIVE ATHLETIC EVENTS. WE BELIEVE THE EXCEPTIONAL ATHLETE MATTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACE OF AMERICA: GETTYSBURGEACH YEAR WORLD T.E.A.M. ORGANIZES THIS TWO-DAY 106-MILE BIKE RIDE FROM THE PENTAGON TO THE BATTLEFIELDS OF GETTYSBURG, PA. THE FACE OF AMERICA PROGRAM IS FOCUSED ON OUR INJURED VETERAN POPULATION, WITH MANY OF THE PARTICIPANTS STILL UNDERGOING SOME FORM OF REHABILITATION IN VARIOUS HOSPITALS AROUND THE COUNTRY. AS WITH ALL OUR PROGRAMS, PARTICIPANTS WITH INJURIES AND DISABILITIES ARE PAIRED WITH ABLE-BODIED RIDERS TO WORK TOGETHER AND NAVIGATE THE HILLY AND CHALLENGING TERRAIN THAT EXISTS BETWEEN VIRGINIA, WASHINGTON DC, MARYLAND AND PENNSYLVANIA.
FACE OF AMERICA LIBERTYTHIS ONE-DAY, 56-MILE CYCLING CHALLENGE BRINGS BOTH ADAPTIVE AND ABLE-BODIED ATHLETES FROM SLEEPY HOLLOW, NY TO THE HISTORIC UNITED STATES MILITARY ACADEMY AT WEST POINT. RIDERS CYCLE ALONG THE EASTERN BANK OF THE HUDSON RIVER, OVER THE BEAR MOUNTAIN BRIDGE, AND NORTH TO WEST POINT. THE RIDE HONORS OUR NATIONS FINEST, BOTH VETERANS AND ACTIVE DUTY.
ZWIFT WEEKLY RIDE SERIESWORLD T.E.A.M. HOSTS WEEKLY VIRTUAL CYCLING RIDES USING THE PROGRAM ZWIFT AND CONNECTING FOR VIDEO ON ZOOM. IN THE BEGINNING OF 2021 WITH LARGE LIVE EVENTS NOT OCCURRING, THESE WEEKLY RIDES (UP TO 3 TIMES A WEEK) ALLOWED THE MISSION OF WORLD T.E.A.M. TO CONTINUE WITH EMPOWERING ADAPTIVE AND ABLE-BODIED ATHLETES THROUGH A UNIQUE INCLUSIVE VIRTUAL PROGRAM FROM ANYWHERE IN THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Brideau Executive Dir. | Officer | 40 | $130,000 |
James Benson Chairman | OfficerTrustee | 1 | $0 |
Lon Dolber Vice Chairman | OfficerTrustee | 1 | $0 |
Will Humphrey Member | Trustee | 1 | $0 |
Kevin Mccarthy Member | Trustee | 1 | $0 |
Paul Tyler Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,536 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $657,640 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $663,176 |
| Total Program Service Revenue | $0 |
| Investment income | $1,346 |
| 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 | $668,350 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $130,000 |
| Compensation of current officers, directors, key employees. | $14,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,894 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,929 |
| Payroll taxes | $20,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,084 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,050 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,034 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,014 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,524 |
| Insurance | $16,723 |
| All other expenses | $94,892 |
| Total functional expenses | $738,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,497 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,680 |
| 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 | $12,454 |
| Net Land, buildings, and equipment | $3,786 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $296,417 |
| Accounts payable and accrued expenses | $4,738 |
| 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 | $245,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $249,738 |
| Net assets without donor restrictions | $17,399 |
| Net assets with donor restrictions | $29,280 |
| 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 | $296,417 |