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Teamwork Foundation INC

Tax-deductible

Bronx, NY501(c)(3)Youth Development EIN 13-3073873Revenue $912K in FY2023

On file with the IRSnewyorkgauchos.org478 Gerard Ave, 10451-5339 · Bronx, NYTax-exempt since Apr 1980Publicly supported charity — 170(b)(1)(A)(vi)

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To manage and operate competitive athletic programs, comprehensive educational services, & a community facility all to benefit underserved boys and girls, allowing them to stay in school, graduate, and gain access to a college education.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $35K a year · 4% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $285K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$142K
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$912K
-3% vs prior year
Spent
$1.0M
To programs
82%
Net assets
$404K
By yearFY2020–FY2023
Revenue
$912K
FY2023▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$744K
FY2021$861K
FY2022$939K
FY2023$912K
Expenses
$1.0M
FY2023+0.4%
Tap a bar for its year
Expenses by fiscal year
FY2020$709K
FY2021$791K
FY2022$1.0M
FY2023$1.0M
Net assets
$404K
FY2023▼ -25%
Tap a bar for its year
Net assets by fiscal year
FY2020$577K
FY2021$647K
FY2022$541K
FY2023$404K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Apr 1980.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $860K Management & general 18% · $188K Fundraising 0% · $540

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Adam Bronfman
Board Member
$0Pt VII · Sec A
Margaret Bader
Board Member
$0Pt VII · Sec A
Lou Dalmeida
Chairman Emeritus
$0Pt VII · Sec A
John Beaty
Secretary Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Teamwork Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Provides athletic programs, education, and a community center for underserved youth to help them succeed in school and college.

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Provided by the organization

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1 program · $860K · in their own filed words · FY2022
01

To provide educational, recreational, and counseling services to new york city youth.

$860Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Judith L Chiara Charitable Fund INCFY2024$200K
Deborah L Brice FoundationFY2024$30K
Adam R Bronfman Family Foundation INCFY2024$25K
Jewish Communal FundFY2024$25K
Ljmp Bernstein Charitable Foundation INCFY2024$5K
Total grants receivedfrom 5 funders$285K
See all 5 funders →

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$912K
Ln 12
Gifts and grantsLn 1h$493K
Fees for servicesLn 2g$419K
Investment incomeLn 3$73
Money outPt IX
$1.0M
Ln 25
Programscol B$860K
Managementcol C$188K
Fundraisingcol D$540
Owns and owesPt X
$404K
net assets · Ln 32
Cash and savingsLn 1–2$145K
Total assetsLn 16$545K
LiabilitiesLn 26$142K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$493K
Noncash giftsLn 1g$52K
Fees for servicesLn 2g$419K
Investment incomeLn 3$73
Total revenueLn 12$912K
Assets in detailPt X, end of year
CashLn 1$145K
Cash and savings togetherLn 1–2$145K
Land, buildings, equipmentLn 10c$369K
Total assetsLn 16$545K
LiabilitiesLn 26$142K
Net assetsLn 32$404K
OperationsPt I, VI
EmployeesI 511
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$239K$145K
Land, buildings, equipmentLn 10c$455K$369K
Total assetsLn 16$725K$545K
LiabilitiesLn 26$185K$142K
Net assetsLn 32$541K$404K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$287K$172K$115K
Other employee benefitsLn 9$8K$5K$3K
Payroll taxesLn 10$26K$16K$11K
Accounting feesLn 11c$25K$25K
Advertising and promotionLn 12$915$915
Office expensesLn 13$4K$2K$3K
Information technologyLn 14$9K$8K$540
OccupancyLn 16$79K$79K
TravelLn 17$105K$104K$2K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$105K$95K$11K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$325K$325K
All other expensesLn 24e$55K$48K$7K
Total functional expensesLn 25$1.0M$860K$188K$540

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $912K$1.0M−$137K$404K 990 PDF
FY2022 $939K$1.0M−$106K$541K 990 PDF
FY2021 $861K$791K$70K$647K 990 PDF
FY2020 $744K$709K$35K$577K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $912,329 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $533,573$493,425
I-9 Program service revenuePrior year $405,848$418,831
I-10 Investment incomePrior year $26$73
I-11 Other revenue$0
I-12 Total revenuePrior year $939,447$912,329
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $279,128$321,765
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $766,377$727,621
I-18 Total expensesPrior year $1,045,505$1,049,386
I-19 Revenue less expensesPrior year −$106,058−$137,057
Part VI · Governance 5 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $912,329 across 6 lines filed
Lines not itemized here account for $3,513 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$493,425
VIII-1g Noncash contributions (included above)$52,053
VIII-1h Total contributions, gifts and grants$493,425
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $415,318$415,318
VIII-3 Investment incomeRelated to mission $73$73
VIII-12 Total revenueRelated to mission $418,904 · Unrelated business $0 · Excluded from tax $0$912,329
Part IX · Statement of functional expenses $1,049,386 across 14 lines filed
IX-7 Other salaries and wagesPrograms $172,397 · Management $114,931$287,328
IX-9 Other employee benefitsPrograms $4,843 · Management $3,229$8,072
IX-10 Payroll taxesPrograms $15,819 · Management $10,546$26,365
IX-11c Accounting feesManagement $25,322$25,322
IX-12 Advertising and promotionManagement $915$915
IX-13 Office expensesPrograms $1,783 · Management $2,675$4,458
IX-14 Information technologyManagement $8,261 · Fundraising $540$8,801
IX-16 OccupancyPrograms $79,419$79,419
IX-17 TravelPrograms $103,767 · Management $1,561$105,328
IX-20 InterestManagement $3,711$3,711
IX-22 Depreciation, depletion and amortizationPrograms $94,943 · Management $10,549$105,492
IX-23 InsurancePrograms $13,760$13,760
IX-24 Other expenses (24a–d)Programs $325,302$325,302
IX-24e All other expensesPrograms $48,404 · Management $6,709$55,113
IX-25 Total functional expensesPrograms $860,437 · Management $188,409 · Fundraising $540$1,049,386
Part X · Balance sheet $545,499 assets, 10 lines filed
Asset lines not itemized here account for $25,361; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $238,549$144,800
X-4 Accounts receivableStart of year $6,100$6,100
X-10c Land, buildings and equipment, netStart of year $454,713$369,238
X-16 Total assetsStart of year $725,273$545,499
X-17 Accounts payable and accrued expensesStart of year $90,151$43,798
X-25 Other liabilitiesStart of year $11,471$15,107
X-26 Total liabilitiesStart of year $184,575$141,858
X-27 Net assets without donor restrictionsStart of year $540,698$403,641
X-32 Total net assets or fund balancesStart of year $540,698$403,641
X-33 Total liabilities and net assetsStart of year $725,273$545,499
Part XI · Reconciliation of net assets $403,641 net assets at year end
XI-1 Total revenue$912,329
XI-2 Total expenses$1,049,386
XI-3 Revenue less expenses−$137,057
XI-4 Net assets at start of year$540,698
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$403,641

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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