Team DC INC FY2022 filing

Tax-deductible

Washington, DC501(c)(3)EducationEIN 26-0078527Revenue $84K in FY2022

On file with the IRSteamdcsports.com2000 14th St Nw Ste 105, 20009-6045 · Washington, DCTax-exempt since Aug 2013Publicly supported charity — 170(b)(1)(A)(vi)

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Team DC serves as an amateur athletic association with the goals of fostering greater participation in national and international amateur sports competition by the lgbt community. IT endows and grants periodic scholarships to lgbt student-athletes pursuing post-secondary education. Team DC also educates the community at large on the achievements of lgbt athletes, seeking to eliminate animus, prejudice and discrimination directed against lgbt people and against their participation in sports. And Team DC confers grants and stipends to lgbt teams seeking to prepare and compete in national or international amateur sports competitions.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$24K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
3 of 4
filings with a surplus
Average surplus $10K a year · 11% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$24K
to officers and key staff · 39% of spending
Concern: pay to officers and key staff is 39% of spending; over 30%.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $18K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$84K
-7% vs prior year
Spent
$61K
To programs
79%
Net assets
$63K
By yearFY2020–FY2023
Revenue
$84K
FY2022▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$47K
FY2021$90K
FY2022$84K
FY2023$118K
Expenses
$61K
FY2022▼ -30%
Tap a bar for its year
Expenses by fiscal year
FY2020$69K
FY2021$87K
FY2022$61K
FY2023$83K
Net assets
$63K
FY2022▲ +55%
Tap a bar for its year
Net assets by fiscal year
FY2020$38K
FY2021$41K
FY2022$63K
FY2023$99K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Aug 2013.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $49K Management & general 13% · $8K Fundraising 8% · $5K

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

11 people listed on the 990; $24K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$23,575Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Brent Minor’s $24K as Executive Director is at the 17th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Brent Minor$23,575$20,700$24,725

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Team DC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes LGBT participation in amateur sports, offers scholarships, and educates on athlete achievements.

Provided by the organization

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2 programs · $31K · in their own filed words · FY2022
01

Team DC provided direct financial support to local teams throughout the year for participating in promotional community events, such as casino nights, the team DC fashion show, night out events, and the pride festival beer garden.

$17Kprogram expense
02

Scholarships

$14Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$18K
Grants paid · 4 grants · $60K · 2020–2023
Unitemized GrantFY2023$14,500
Unitemized GrantFY2022$14,000
Unitemized GrantFY2021$16,000
Unitemized GrantFY2020$16,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$84K
Ln 12
Gifts and grantsLn 1h$45K
Other incomeLn 4–11$39K
Money outPt IX
$61K
Ln 25
Programscol B$49K
Managementcol C$8K
Fundraisingcol D$5K
Owns and owesPt X
$63K
net assets · Ln 32
Cash and savingsLn 1–2$63K
Total assetsLn 16$63K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$45K
Other incomeLn 4–11$39K
Total revenueLn 12$84K
Assets in detailPt X, end of year
CashLn 1$63K
Cash and savings togetherLn 1–2$63K
Total assetsLn 16$63K
LiabilitiesLn 26$0
Net assetsLn 32$63K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$41K$63K
Total assetsLn 16$41K$63K
LiabilitiesLn 26$0$0
Net assetsLn 32$41K$63K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$14K$14K
Pay of current officers, directors and key staffLn 5$24K$14K$5K$5K
Legal feesLn 11b$80$80
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$728$728
Office expensesLn 13$826$153$673
Conferences, conventions and meetingsLn 19$2K$1K$157$44
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$18K$17K$1K
Total functional expensesLn 25$61K$49K$8K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $118K$83K$36K$99K 990 PDF
FY2022 Viewing $84K$61K$22K$63K 990 PDF
FY2021 $90K$87K$3K$41K 990 PDF
FY2020 $47K$69K−$23K$38K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $83,555 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $32,884$44,517
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $57,058$39,038
I-12 Total revenuePrior year $89,942$83,555
I-13 Grants and similar amounts paidPrior year $16,000$14,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$23,575
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $70,885$23,528
I-18 Total expensesPrior year $86,885$61,103
I-19 Revenue less expensesPrior year $3,057$22,452
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $83,555 across 4 lines filed
VIII-1f All other contributions, gifts and grants$44,517
VIII-1h Total contributions, gifts and grants$44,517
VIII-8 Net income from fundraising eventsExcluded from tax $39,038$39,038
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $39,038$83,555
Part IX · Statement of functional expenses $61,103 across 9 lines filed
IX-2 Grants to domestic individualsPrograms $14,000$14,000
IX-5 Pay of current officers, directors and key staffPrograms $14,145 · Management $4,715 · Fundraising $4,715$23,575
IX-11b Legal feesManagement $80$80
IX-11c Accounting feesManagement $1,175$1,175
IX-12 Advertising and promotionPrograms $728$728
IX-13 Office expensesPrograms $153 · Management $673$826
IX-19 Conferences, conventions and meetingsPrograms $1,350 · Management $157 · Fundraising $44$1,551
IX-23 InsurancePrograms $1,271$1,271
IX-24 Other expenses (24a–d)Programs $16,887 · Management $1,010$17,897
IX-25 Total functional expensesPrograms $48,534 · Management $7,810 · Fundraising $4,759$61,103
Part X · Balance sheet $63,115 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $40,663$63,115
X-16 Total assetsStart of year $40,663$63,115
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $40,663$34,434
X-28 Net assets with donor restrictions$28,681
X-32 Total net assets or fund balancesStart of year $40,663$63,115
X-33 Total liabilities and net assetsStart of year $40,663$63,115
Part XI · Reconciliation of net assets $63,115 net assets at year end
XI-1 Total revenue$83,555
XI-2 Total expenses$61,103
XI-3 Revenue less expenses$22,452
XI-4 Net assets at start of year$40,663
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$63,115

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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