Growth Teams Inc
- Assets
- $197.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Bradenton, FL
- Founding
- Data as of
- 12/2023
- EIN
- 88-1985456
Organization Overview
Growth Teams Inc is located in Bradenton, FL. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Growth Teams 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, Growth Teams Inc generated $50.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (62.4%) each year. All expenses for the organization totaled $158.7k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
ACCELERATING ECONOMIC GROWTH IN RWANDA - IN RWANDA, GROWTH TEAMS SUPPORTS THE RWANDA DEVELOPMENT BOARD (RDB), TO TAKE ACTIONS THAT DRIVE JOB CREATION AND ECONOMIC GROWTH. IN 2023, THIS WORK FOCUSED ON SECTOR PRIORITIZATION AND INVESTMENT ATTRACTION IN THE IT OUTSOURCING SECTOR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kartik Akileswaran President And Secretary | 40 | $52,488 | |
Jonathan Mazumdar Vice President And Treasurer | 40 | $51,976 | |
Jonathan Said Board Member | 5 | $28,182 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $568 |
| Total Program Service Revenue | $48,050 |
| Membership dues | $0 |
| Investment income | $1,950 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $50,568 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $134,042 |
| Professional fees and other payments to independent contractors | $1,935 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $22,768 |
| Total expenses | $158,745 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $197,802 |
| Other assets | $0 |
| Total assets | $197,802 |
| Total liabilities | $0 |
| Net assets or fund balances | $197,802 |