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Team Excel INC FY2021 filing

Tax-deductible

Norwood, MA501(c)(3)Recreation & SportsEIN 26-4470815

To promote the art of synchronized skating and prepare teams for national and international competition, encourage teamwork and sportmanship and support individual skaters as they seek to attain their unique potential and teams as they seek to achieve their full potential as a team.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $138K a year · 16% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
17 mo
of spending, in cash
Looks good: 17.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $52
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$31K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 3 voting members
Looks good: 8 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$512K
-38% vs prior year
Spent
$423K
To programs
91%
Net assets
$584K
By yearFY2020–FY2025
Revenue
$512K
FY2021▼ -38%
Revenue by fiscal year
FY2020$827K
FY2021$512K
FY2022$824K
FY2023$847K
FY2024$963K
FY2025$1.1M
Expenses
$423K
FY2021▼ -37%
Expenses by fiscal year
FY2020$672K
FY2021$423K
FY2022$699K
FY2023$689K
FY2024$815K
FY2025$975K
Net assets
$584K
FY2021▲ +18%
Net assets by fiscal year
FY2020$495K
FY2021$584K
FY2022$668K
FY2023$825K
FY2024$973K
FY2025$1.1M

From the FY2021 Form 990 (year ending April 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CTeam Excel INC
EINHdr · item D26-4470815
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 2010
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CNorwood, MA
NTEE classificationIRS BMFRecreation & Sports (N68)
WebsiteHdr · item Jwww.excelsynchro.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.09
Program services91%$386K
Management & general9%$37K
Total functional expensesLn 25$423K

Finances

Money in and out, what it owns and owes

Spent on programs
91%
of spending reaches programs
Months of spending covered by cash
17.4mo
months of spending covered by cash and easy-to-sell investments
Surplus or deficit
+17%
as % of revenue, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$615K
FY2021▲ +17%
Total assets by fiscal year
FY2020$524K
FY2021$615K
FY2022$740K
FY2023$916K
FY2024$1.0M
FY2025$1.1M
Total liabilities
$31K
FY2021▲ +9%
Total liabilities by fiscal year
FY2020$29K
FY2021$31K
FY2022$72K
FY2023$90K
FY2024$45K
FY2025$73K
Revenue less expensesPt I · Ln 19$89K
Total assetsPt X · Ln 16$615K
Spent on programsPt IX · col B91%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$612K
Total assetsLn 16$615K
Total liabilitiesLn 26$31K
Total net assetsLn 32$584K
Months of cash on handcomputed17.4

Statement of Revenue

Part VIII
Program service revenue$507K · 99%
Contributions & grants$5K · 1%
Program service revenue99%$507K
Contributions & grants1%$5K
Total revenueLn 12$512K

Money in detail

Form 990 · FY2021 · each figure shown with the dollars behind it
Cash and giving out
Months of spending covered by cash
Cash and easy-to-sell investments $612K · Operating expenses/yr $423K
17.4 months
Where the money goes
Program services
Program services $386K · Total expenses $423K
91%
Management & General
Management & general $37K · Total expenses $423K
9%
Fundraising
Fundraising $0 · Total expenses $423K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $24K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $5K · Total revenue $512K
1.0%
Government reliance
Government grants — · Total revenue $512K
—
Earned-income share
Program service revenue $507K · Total revenue $512K
99%
Investment reliance
Investment income $0 · Total revenue $512K
0%
Program self-sufficiency
Program service revenue $507K · Total expenses $423K
120%
Growth & trend
Revenue change from last year
This year $512K · Prior year $827K
-38%
Net assets change over the year
End of year $584K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus or deficit, as % of revenue
Revenue $512K · Expenses $423K
+17%
Debts compared to what it owns
Total liabilities — · Total assets $615K
—
Net assets compared to what it owns
Net assets $584K · Total assets $615K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $615K
0%
People & payroll
Highest Reported Total Compensation
Individual Beth Lynch · Reported title President · Highest reported compensation $0 · Total expenses $423K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $423K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Spent on programs 91%——
Spent on management, % of spending 9%——
Fundraising cost, % of gifts 0%——
Revenue growth -38%——
Investment manager fees, % of assets 0%——
Legal fees, % of spending 0%——
Accounting fees, % of spending 3%——
Paid fundraiser fees, % of spending 0%——

Straight from the Form 990 — descriptive, not an evaluation. A share is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Beth Lynch
President
$0Pt VII · Sec A
Deanne Benson
Vice President
$0Pt VII · Sec A
Andy Ells
Treasurer
$0Pt VII · Sec A
See Team Excel INC executive salaries →

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Governance & Policies

Part VI
  • 3Voting board membersPt VI · Ln 1a
  • 8Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Promotes synchronized skating, developing teams for competition and fostering individual and team potential.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $386K of program spending, described in the organization's own filed words · FY2020.
01

To promote the art of synchronized skating and prepare teams for national and international competition, encourage teamwork and sportmanship and support individual skaters as they seek to attain their unique potential and teams as they seek to achieve their full potential as a team.

$386Kprogram expense

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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 · FY2022
Amazonsmile FoundationFY2022$52
Total grants receivedfrom 1 funder$52
Grants paid · 6 grants · $190K · 2019–2024
Unitemized GrantFY2024$34,223
Unitemized GrantFY2023$30,300
Unitemized GrantFY2022$50,195
Unitemized GrantFY2021$18,995
Unitemized GrantFY2020$23,098
Unitemized GrantFY2019$33,010

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $1.1M$975K+17% 990 PDF
FY2024 $963K$815K+14% 990 PDF
FY2023 $847K$689K+3% 990 PDF
FY2022 $824K$699K+61% 990 PDF
FY2021 Viewing $512K$423K-38% 990 PDF
FY2020 $827K$672K 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

Full filing: Form 990 for FY2021

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $511,993 across 9 lines filed
VIII-1f All other contributions, gifts and grants$4,988
VIII-1h Total contributions, gifts and grants$4,988
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $507,005$507,005
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $507,005$511,993
Part IX · Statement of functional expenses $422,746 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $23,098$23,098
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $14,100$14,100
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $15,658$15,658
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $4,341$4,341
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $2,577$2,577
IX-24 Other expenses (24a–d)Programs $359,176$359,176
IX-24e All other expensesPrograms $3,796$3,796
IX-25 Total functional expensesPrograms $386,070 · Management $36,676 · Fundraising $0$422,746
Part X · Balance sheet $615,151 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $489,814$611,897
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $33,913$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$3,254
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $523,727$615,151
X-17 Accounts payable and accrued expensesStart of year $22,340$21,472
X-25 Other liabilitiesStart of year $6,248$9,793
X-26 Total liabilitiesStart of year $28,588$31,265
X-27 Net assets without donor restrictionsStart of year $495,139$583,886
X-32 Total net assets or fund balancesStart of year $495,139$583,886
X-33 Total liabilities and net assetsStart of year $523,727$615,151
Part XI · Reconciliation of net assets $583,886 net assets at year end
XI-1 Total revenue$511,993
XI-2 Total expenses$422,746
XI-3 Revenue less expenses$89,247
XI-4 Net assets at start of year$495,139
XI-9 Other changes in net assets−$500
XI-10 Net assets at end of year$583,886

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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