Team 224 Inc
- Assets
- $14.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fairbury, IL
- Founding
- 01/2016
- Data as of
- 12/2022
- EIN
- 81-0893096
Organization Overview
Team 224 Inc is located in Fairbury, IL. The organization was established in 2016. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team 224 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 12/2022, Team 224 Inc generated $89.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $90.9k during the year ending 12/2022. While expenses have increased by 6.7% per year over the past 7 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
VOLUNTEERS PARTICIPATED IN TWO EVENTS/RIDES THAT SUPPORTED TWO CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teri Wenger Executive Director | 3 | $0 | |
Julie Lanz President | 1 | $0 | |
Joellen Gehring Treasurer | 1 | $0 | |
Justin Gherian Secretary | 1 | $0 | |
Michael Zobrist Director Past Exec Dir | 1 | $0 | |
Phillip Witzig Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,118 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $89,118 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $138 |
| Other expenses | $20,238 |
| Total expenses | $90,876 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,352 |
| Other assets | $0 |
| Total assets | $14,352 |
| Total liabilities | $0 |
| Net assets or fund balances | $14,352 |