Team Footworks Educational & Fitness Corporation
- Assets
- $368.5k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 15
- Location
- South Miami, FL
- Founding
- 11/1994
- Data as of
- 05/2022
- EIN
- 65-0455073
Organization Overview
Team Footworks Educational & Fitness Corporation is located in South Miami, FL. The organization was established in 1994. 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 05/2022, Team Footworks Educational & Fitness Corporation employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Footworks Educational & Fitness Corporation 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 05/2022, Team Footworks Educational & Fitness Corporation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $2.0m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 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
THE MISSION IS TO SUPPORT ORGANIZATIONS CURING DISEASES AND PROMOTING GOOD PHYSICAL HEALTH. THE PURPOSE OF THE ORGANIZATION IS TWOFOLD. WHILE RAISING FUNDS TO BENEFIT ORGANIZATIONS SUCH AS THE UNITED WAY, AN ORGANIZATION DEVOTED TO IMPROVING LIVES AROUND THE WORLD TO ADVANCE THE COMMON GOOD, THEY ALSO SUPPORT OTHER WORTHWHILE CHARITABLE ORGANIZATIONS SEEKING CURES FOR CANCER & OTHER MEDICAL ISSUES. SECONDLY, THIS ENTITY STRIVES TO PROMOTE GOOD HEALTH THROUGH THE PHYSICAL PARTICIPATION OF RACE EVENTS AND THE NUMEROUS CLINICS AND PROGRAMS HELD DURING THE YEAR. THE ORGANIZATION'S CONTINUOUS FUNDRAISING EVENTS REQUIRE THE HIRING OF BOTH PART-TIME AND FULL TIME EMPLOYEES AS WELL AS THE ASSISTANCE FROM OVER 600 VOLUNTEERS FROM THE LOCAL COMMUNITY AND SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAPTIST HEALTH SOUTH FLORIDA FOUNDATION "SEE STATEMENT SCHEDULE O"
UNITED WAY "SEE STATEMENT SCHEDULE O"
JACKSON HEALTH FOUNDATION "SEE STATEMENT SCHEDULE O"
VARIOUS ORGANIZED CHARITIES PROMOTING PHYSICAL HEALTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John P Huseby Vice President | OfficerTrustee | 50 | $98,950 |
Jonathan Malone Director | Trustee | 40 | $92,570 |
Karen A Plaster Vp/treasurer/director | OfficerTrustee | 35 | $22,800 |
Wanda Mccaskill Director | Trustee | 40 | $21,550 |
Laurie Huseby President/sec/director | OfficerTrustee | 25 | $0 |
Ralph Garcia Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $139,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $444,265 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $583,765 |
| Total Program Service Revenue | $1,425,352 |
| Investment income | $167 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,731 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,033,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70,883 |
| 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. | $48,950 |
| Compensation of current officers, directors, key employees. | $48,950 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $382,747 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,647 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $55,868 |
| Office expenses | $1,430 |
| Information technology | $3,135 |
| Royalties | $0 |
| Occupancy | $192,173 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,816 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,658 |
| Insurance | $35,057 |
| All other expenses | $339,523 |
| Total functional expenses | $2,033,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,959 |
| Savings and temporary cash investments | $200,287 |
| 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 | $0 |
| Net Land, buildings, and equipment | $41,583 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,682 |
| Total assets | $368,511 |
| Accounts payable and accrued expenses | $0 |
| 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 | $150,000 |
| Total liabilities | $150,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $500 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $218,011 |
| Total liabilities and net assets/fund balances | $368,511 |
Grants Awarded
Over the last fiscal year, Team Footworks Educational & Fitness Corporation has awarded $61,833 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Jacksonville, FL PURPOSE: PROMOTE MEDICAL RESEARCH | $25,000 |
Miami, FL PURPOSE: SUPPORT COMMUNITY PROGRAMS | $20,833 |
Miami, FL PURPOSE: PROMOTE MEDICAL PROGRAMS | $10,000 |
Fort Lauderdale, FL PURPOSE: PROMOTE MEDICAL RESEARCH | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Team Footworks Educational & Fitness Corporation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Baptist Health Of South Florida Inc Coral Gables, FL PURPOSE: Mercedes-Benz Corporate Run | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ansley Golf Club Atlanta, GA | $48,365,690 | $21,052,650 |
Royal Palm Yacht & Country Club Boca Raton, FL | $46,256,364 | $15,345,430 |
Palm Beach Country Club Palm Beach, FL | $28,111,995 | $21,230,123 |
The Club At Pelican Bay Inc Naples, FL | $49,551,991 | $15,480,224 |
United States Specialty Sports Association Inc Melbourne, FL | $30,501,525 | $19,243,372 |
Alpha Delta Pi Sorority Atlanta, GA | $18,755,038 | $19,005,623 |
Quail Ridge Country Club Inc Boynton Beach, FL | $44,841,038 | $11,345,026 |
Quail Creek Country Club Inc Naples, FL | $44,189,570 | $16,205,695 |
Lagorce Country Club Miami Beach, FL | $36,015,198 | $11,628,028 |
Amateur Athletic Union Of The United States Inc Lake Buena Vista, FL | $14,686,196 | $10,174,860 |
Harbour Ridge Country Club Palm City, FL | $48,715,310 | $11,636,786 |
Dunwoody Country Club Inc Atlanta, GA | $25,487,572 | $16,307,962 |