Team Excel INC EIN 26-4470815 Form 990 (PDF) Claim this org

Team Excel INC FY2022 filing

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Promotes synchronized skating, developing teams for competition and fostering individual and team potential. For fiscal year 2022 it reported $824K in revenue, $699K in expenses, and $668K in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Norwood, MA
Website
www.excelsynchro.org
Filings
6 on file (2020–2022)
Revenue
$824KFY2022
Expenses
$699K
Net assets
$668K
People
4
Filings
6
Updates
0
More identity details & actions ⌄
EIN  26-4470815 Public charity (501(c)(3)) Norwood, MA
Form 990 (PDF)
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Size
$1–10M
What they do
Promotes synchronized skating, developing teams for competition and fostering individual and team potential.
Leadership
Beth Lynch · President
Money in and out
$824K revenue, $699K expenses
Bottom line
94% program efficiency
Where the money goes · FY2022
Total revenue
$824K
Pt VIII · Ln 12
Total expenses
$699K
Pt IX · Ln 25
Net assets
$668K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $124K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs
Operating runway
12.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+15%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$824K
FY2022▲ +61%
Expenses
$699K
FY2022▲ +65%
Total assets
$740K
FY2022▲ +20%
Total liabilities
$72K
FY2022▲ +131%
Total revenue
$824K
Pt VIII · Ln 12
Total expenses
$699K
Pt IX · Ln 25
Net assets
$668K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$124K
Total assetsPt X · Ln 16$740K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTeam Excel INC
EINHdr · item D26-4470815
Principal addressHdr · item CNorwood, MA
WebsiteHdr · item Jwww.excelsynchro.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N68)
Ruling yearIRS BMFFeb 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $659K of program spending, described in the organization's own filed words · FY2021.
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.

$659Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$823K
Contributions & grants$237
Total revenueLn 12$824K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$659K
Management & general6%$41K
Total functional expensesLn 25$699K

Balance Sheet

Part X · end of year
CashLn 1$719K
Total assetsLn 16$740K
Total liabilitiesLn 26$72K
Total net assetsLn 32$668K
Months of cash on handcomputed12.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $719K · Operating expenses/yr $699K
12.3 months
Where the money goes
Program services
Program services $659K · Total expenses $699K
94%
Management & General
Management & general $41K · Total expenses $699K
6%
Fundraising
Fundraising $0 · Total expenses $699K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $16K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $237 · Total revenue $824K
0.03%
Government reliance
Government grants — · Total revenue $824K
Earned-income share
Program service revenue $823K · Total revenue $824K
100%
Investment reliance
Investment income $0 · Total revenue $824K
0%
Program self-sufficiency
Program service revenue $823K · Total expenses $699K
118%
Growth & trend
Revenue growth (YoY)
This year $824K · Prior year $512K
+61%
Net-asset trend (YoY)
End of year $668K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $824K · Expenses $699K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $740K
Net-asset ratio
Net assets $668K · Total assets $740K
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $740K
0%
People & payroll
Highest Reported Total Compensation
Individual Beth Lynch · Reported title President · Highest reported compensation $0 · Total expenses $699K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $75K · Total expenses $699K
11%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Fundraising cost ratio 0%
Revenue growth 61%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
Fundraising fee ratio 0%

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

Grants

Schedule I · received and paid
Grants received · FY2022
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

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.1M revenue · ⤓ 990 PDF
FY2024$963K revenue · ⤓ 990 PDF
FY2023$847K revenue · ⤓ 990 PDF
FY2022$824K revenue · viewing · ⤓ 990 PDF
FY2021$512K revenue · ⤓ 990 PDF
FY2020$827K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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