Team Catapult EIN 47-5137944

Team Catapult FY2023 filing

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Supports physically challenged athletes in endurance sports through coaching, funding, and event access. For fiscal year 2023 it reported $248K in revenue, $240K in expenses, and $165K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Spring, TX
Website
www.teamcatapult.org
Filings
5 on file (2020–2023)
Revenue
$248KFY2023
Expenses
$240K
Net assets
$165K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-5137944 Public charity (501(c)(3)) Spring, TX
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Supports physically challenged athletes in endurance sports through coaching, funding, and event access.
Leadership
Jarrett Hubert · President
Money in and out
$248K revenue, $240K expenses
Bottom line
68% program efficiency
Where the money goes · FY2023
Total revenue
$248K
Pt VIII · Ln 12
Total expenses
$240K
Pt IX · Ln 25
Net assets
$165K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $8K
Where spending went · Part IX cols B–D
Program services $0.68 Fundraising $0.32
Program efficiency
68%
of spending reaches programs
Operating runway
7.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$248K
FY2023▼ -20%
Expenses
$240K
FY2023▼ -14%
Total assets
$165K
FY2023▲ +5%
Total liabilities
$0
FY2023
Total revenue
$248K
Pt VIII · Ln 12
Total expenses
$240K
Pt IX · Ln 25
Net assets
$165K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$8K
Total assetsPt X · Ln 16$165K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

3 program services account for $133K of program spending, described in the organization's own filed words · FY2023.
01

Monetary and equipment grants for adaptive athletes

$74Kprogram expense
02

Weekend-long running and mobility camp for adaptive athletes

$40Kprogram expense
03

Houston Marathon weekend expenses for adaptive athletes

$20Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTeam Catapult
EINHdr · item D47-5137944
Principal addressHdr · item CSpring, TX
WebsiteHdr · item Jwww.teamcatapult.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P80)
Ruling yearIRS BMFSep 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director of Athlete Experience
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$223K · 90%
Other revenue$25K · 10%
Contributions & grants90%$223K
Other revenue10%$25K
Total revenueLn 12$248K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Fundraising $0.32
Program services68%$164K
Fundraising32%$76K
Total functional expensesLn 25$240K

Balance Sheet

Part X · end of year
CashLn 1$154K
Total assetsLn 16$165K
Total liabilitiesLn 26$0
Total net assetsLn 32$165K
Months of cash on handcomputed7.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $154K · Operating expenses/yr $240K
7.7 months
Where the money goes
Program services
Program services $164K · Total expenses $240K
68%
Management & General
Management & general $0 · Total expenses $240K
0%
Fundraising
Fundraising $76K · Total expenses $240K
32%
Cost to raise $1
Fundraising expense (2-yr avg) $109K · Solicited contributions (2-yr avg) $247K
$0.44 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $223K · Total revenue $248K
90%
Government reliance
Government grants $0 · Total revenue $248K
0%
Earned-income share
Program service revenue $0 · Total revenue $248K
0%
Investment reliance
Investment income $0 · Total revenue $248K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $240K
0%
Growth & trend
Revenue growth (YoY)
This year $248K · Prior year $310K
-20%
Net-asset trend (YoY)
End of year $165K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $248K · Expenses $240K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $165K
Net-asset ratio
Net assets $165K · Total assets $165K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $165K
0%
People & payroll
Highest Reported Total Compensation
Individual Jarrett Hubert · Reported title President · Highest reported compensation $0 · Total expenses $240K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $240K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 0%
Fundraising cost ratio 34%
Revenue growth -20%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
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 · FY2024
Total grants receivedfrom 3 funders$37K
See all 3 funders →
Grants paid · 3 grants · $202K · 2022–2024
Unitemized GrantFY2024$77,416
Unitemized GrantFY2023$74,146
Unitemized GrantFY2022$50,247

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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
FY2024 (Latest)$282K revenue · ⤓ 990 PDF
FY2023$248K revenue · viewing · ⤓ 990 PDF
FY2022$310K revenue · ⤓ 990 PDF
FY2021$83K revenue · ⤓ 990 PDF
FY2020$75K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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