Team Joseph Inc
- Assets
- $1.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 4
- Location
- West Bloomfield, MI
- Founding
- 01/2011
- Data as of
- 12/2023
- EIN
- 80-0613664
Organization Overview
Team Joseph Inc is located in West Bloomfield, MI. The organization was established in 2011. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 12/2023, Team Joseph Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Joseph Inc 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 Joseph Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 8.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Team Joseph Inc has awarded 21 individual grants totaling $983,774. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR PRIMARY MISSION INCLUDES FUNDING RESEARCH TO FIND A CURE OR TREATMENT FOR DUCHENNE MUSCULAR DYSTROPHY. WE ARE COMMITTED TO SAVING THIS GENERATION OF CHILDREN. WHEN WE WORK SMART, LEVERAGE EACH DOLLAR AND WORK IN CLOSE PARTNERSHIP WITH SCIENTISTS AND RESEARCH COMPANIES, THERE IS THE PROMISE FOR AN END TO DUCHENNE. WE ARE PROUD THAT 2 PROJECTS WE'VE SUPPORTED IN EARLY STAGES ARE NOW IN CLINCIAL TRIAL, AND ONE IS UNDER REVIEW FOR FDA APPROVAL. IN THE MEANTIME, WHILE WE FIGHT FOR THE FUTURE FOR THESE BOYS, WE ARE COMMITTED TO BEING THERE FOR THEM AND HELPING FAMILIES RIGHT NOW IN THE PRESENT MOMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FUND CUTTING EDGE RESEARCH IN ORDER TO FIND A CURE OR TREATMENT FOR DUCHENNE MUSCULAR DYSTROPHY.
TO ASSIST FAMILIES WITH EXPENSES DIRECTLY RELATED TO THE CARE OF A CHILD DIAGNOSED WITH DUCHENNE MUSCULAR DYSTROPHY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marissa Penrod Founder & CEO | OfficerTrustee | 40 | $141,600 |
Harry Packman President | OfficerTrustee | 2 | $0 |
Matt Riley Secretary | OfficerTrustee | 2 | $0 |
Dina Kenkel Director | Trustee | 2 | $0 |
Pat Fuelling Treasurer | OfficerTrustee | 2 | $0 |
Lynda Snage Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $137,128 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,514,993 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,652,121 |
| Total Program Service Revenue | $0 |
| Investment income | $11,347 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$31,380 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,632,088 |
| 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. | $141,600 |
| Compensation of current officers, directors, key employees. | $21,240 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $251,633 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,570 |
| Payroll taxes | $33,270 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,175 |
| Fees for services: Accounting | $15,213 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $106,396 |
| Advertising and promotion | $2 |
| Office expenses | $17,539 |
| Information technology | $669 |
| Royalties | $0 |
| Occupancy | $15,660 |
| Travel | $858 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,661 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $762 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,138,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,754,938 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,665 |
| 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 | $2,262 |
| Investments—publicly traded securities | $16,854 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,347 |
| Total assets | $1,819,066 |
| Accounts payable and accrued expenses | $43,955 |
| 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 | $12,347 |
| Total liabilities | $56,302 |
| Net assets without donor restrictions | $181,254 |
| Net assets with donor restrictions | $1,581,510 |
| 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 | $1,819,066 |
Grants Awarded
Over the last fiscal year, Team Joseph Inc has awarded $45,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PARENT PROJECT MUSCULAR DYSTROPHY PURPOSE: RESEARCH PROTEIN MAPPING | $25,000 |
UNIVERSITY OF MISSOURI PURPOSE: BRIDGE FUND FOR DMD CRISPR THERAPY IN CANINE MODEL | $20,000 |