Team Joseph INC FY2023 filing

Tax-deductible

W Bloomfield, MI501(c)(3)Human ServicesEIN 80-0613664Revenue $1.6M in FY2023

On file with the IRSteamjoseph.info5745 W Maple Rd Ste 204, 48322-4488 · W Bloomfield, MITax-exempt since Jan 2011Publicly supported — 509(a)(2)

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Our primary mission includes funding research to find a cure or treatment for duchenne muscular dystrophy. We are committed to saving this generation of children. When we work smart, leverage each dollar and work in close partnership with scientists and research companies, there is the promise for an end to duchenne. We are proud that 2 projects we've supported in early stages are now in clincial trial, and one is under review for fda approval. In the meantime, while we fight for the future for these boys, we are committed to being there for them and helping families right now in the present moment.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$248K 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

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $83K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$248K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
18 mo
of spending, in cash
Looks good: 18.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $75K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$56K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+45% vs prior year
Spent
$1.1M
To programs
75%
Net assets
$1.8M
By yearFY2020–FY2024
Revenue
$1.6M
FY2023▲ +45%
Tap a bar for its year
Revenue by fiscal year
FY2020$899K
FY2021$882K
FY2022$1.1M
FY2023$1.6M
FY2024$1.0M
Expenses
$1.1M
FY2023▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2020$920K
FY2021$738K
FY2022$928K
FY2023$1.1M
FY2024$1.4M
Net assets
$1.8M
FY2023▲ +39%
Tap a bar for its year
Net assets by fiscal year
FY2020$931K
FY2021$1.1M
FY2022$1.3M
FY2023$1.8M
FY2024$1.4M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2011.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $857K Management & general 7% · $75K Fundraising 18% · $206K

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

7 people listed on the 990; $248K paid to officers and key staff.

Part VII, Section A · reportable compensation
Founder & CEO
$141,600Pt VII · Sec A
Director of Development
$106,333Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Marissa Penrod’s $150K as Founder & CEO is at the 72nd percentile of top reported officer pay among 3869 $1–10M human services 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Marissa Penrod$149,600$141,600$113,913$104,083$80,000
Jordan Montanino—$106,333———

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.

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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 15aYes

Programs and updates

Funds research for Duchenne muscular dystrophy cures and supports affected families.

Provided by the organization

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2 programs · $857K · in their own filed words · FY2023
01

To assist families with expenses directly related to the care of a child diagnosed with duchenne muscular dystrophy.

$857Kprogram expense
02

To fund cutting edge research in order to find a cure or treatment for duchenne muscular dystrophy.

Pt IX · col B

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 · FY2025
Total grants receivedfrom 1 funder$75K
Grants paid · 3 grants · $145K · 2020–2021
University of MissouriFY2021$20,000
Parent Project Muscular DystrophyFY2020$100,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.7M
Investment incomeLn 3$11K
Money outPt IX
$1.1M
Ln 25
Programscol B$857K
Managementcol C$75K
Fundraisingcol D$206K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$1.8M
LiabilitiesLn 26$56K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Fundraising eventsLn 1c$137K
Investment incomeLn 3$11K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$1.8M
Cash and savings togetherLn 1–2$1.8M
InvestmentsLn 11–13$17K
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$12K
Total assetsLn 16$1.8M
LiabilitiesLn 26$56K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 53
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.2M$1.8M
InvestmentsLn 11–13$0$17K
Land, buildings, equipmentLn 10c$1K$2K
Total assetsLn 16$1.3M$1.8M
LiabilitiesLn 26$37K$56K
Net assetsLn 32$1.3M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$142K$99K$21K$21K
Other salaries and wagesLn 7$252K$146K$7K$99K
Other employee benefitsLn 9$44K$27K$3K$13K
Payroll taxesLn 10$33K$21K$2K$10K
Legal feesLn 11b$2K$983$110$1K
Accounting feesLn 11c$15K$3K$11K$1K
Other fees for servicesLn 11g$106K$71K$20K$16K
Advertising and promotionLn 12$2$2
Office expensesLn 13$18K$5K$6K$7K
Information technologyLn 14$669$42$627
OccupancyLn 16$16K$10K$1K$4K
TravelLn 17$858$798$60
Conferences, conventions and meetingsLn 19$24K$22K$1K$693
Depreciation, depletion and amortizationLn 22$762$475$54$233
Other expenses (24a–d)Ln 24$486K$451K$2K$32K
Total functional expensesLn 25$1.1M$857K$75K$206K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.0M$1.4M−$397K$1.4M 990 PDF
FY2023 Viewing $1.6M$1.1M$493K$1.8M 990 PDF
FY2022 $1.1M$928K$196K$1.3M 990 PDF
FY2021 $882K$738K$144K$1.1M 990 PDF
FY2020 $899K$920K−$20K$931K 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 FY2023 990 (6 parts)
Part I · Summary $1,632,088 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,168,372$1,652,121
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$11,347
I-11 Other revenuePrior year −$44,016−$31,380
I-12 Total revenuePrior year $1,124,356$1,632,088
I-13 Grants and similar amounts paidPrior year $277$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $321,630$470,073
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $606,301$668,732
I-18 Total expensesPrior year $928,208$1,138,805
I-19 Revenue less expensesPrior year $196,148$493,283
Part VI · Governance 5 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,632,088 across 6 lines filed
VIII-1c Fundraising events$137,128
VIII-1f All other contributions, gifts and grants$1,514,993
VIII-1h Total contributions, gifts and grants$1,652,121
VIII-3 Investment incomeExcluded from tax $11,347$11,347
VIII-8 Net income from fundraising eventsExcluded from tax −$31,380−$31,380
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$20,033$1,632,088
Part IX · Statement of functional expenses $1,138,805 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $99,120 · Management $21,240 · Fundraising $21,240$141,600
IX-7 Other salaries and wagesPrograms $146,063 · Management $6,580 · Fundraising $98,990$251,633
IX-9 Other employee benefitsPrograms $27,188 · Management $3,050 · Fundraising $13,332$43,570
IX-10 Payroll taxesPrograms $20,760 · Management $2,329 · Fundraising $10,181$33,270
IX-11b Legal feesPrograms $983 · Management $110 · Fundraising $1,082$2,175
IX-11c Accounting feesPrograms $2,977 · Management $10,776 · Fundraising $1,460$15,213
IX-11g Other fees for servicesPrograms $70,838 · Management $19,770 · Fundraising $15,788$106,396
IX-12 Advertising and promotionManagement $2$2
IX-13 Office expensesPrograms $4,696 · Management $6,289 · Fundraising $6,554$17,539
IX-14 Information technologyPrograms $42 · Management $627$669
IX-16 OccupancyPrograms $10,258 · Management $1,097 · Fundraising $4,305$15,660
IX-17 TravelPrograms $798 · Management $60$858
IX-19 Conferences, conventions and meetingsPrograms $21,698 · Management $1,270 · Fundraising $693$23,661
IX-22 Depreciation, depletion and amortizationPrograms $475 · Management $54 · Fundraising $233$762
IX-24 Other expenses (24a–d)Programs $451,234 · Management $2,125 · Fundraising $32,438$485,797
IX-25 Total functional expensesPrograms $857,130 · Management $75,379 · Fundraising $206,296$1,138,805
Part X · Balance sheet $1,819,066 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,202,422$1,754,938
X-4 Accounts receivableStart of year $57,265$32,665
X-9 Prepaid expenses and deferred chargesStart of year $22,998$0
X-10c Land, buildings and equipment, netStart of year $1,225$2,262
X-11 Publicly traded securitiesStart of year $0$16,854
X-15 Other assetsStart of year $23,680$12,347
X-16 Total assetsStart of year $1,307,590$1,819,066
X-17 Accounts payable and accrued expensesStart of year $12,953$43,955
X-25 Other liabilitiesStart of year $23,680$12,347
X-26 Total liabilitiesStart of year $36,633$56,302
X-27 Net assets without donor restrictionsStart of year $200,319$181,254
X-28 Net assets with donor restrictionsStart of year $1,070,638$1,581,510
X-32 Total net assets or fund balancesStart of year $1,270,957$1,762,764
X-33 Total liabilities and net assetsStart of year $1,307,590$1,819,066
Part XI · Reconciliation of net assets $1,762,764 net assets at year end
XI-1 Total revenue$1,632,088
XI-2 Total expenses$1,138,805
XI-3 Revenue less expenses$493,283
XI-4 Net assets at start of year$1,270,957
XI-5 Net unrealized gains (losses) on investments−$1,476
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,762,764

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

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