Overview
What is Team Inc?
Team Inc is a nonprofit corporation based in Derby, Connecticut, serving the Southwest/Central Connecticut area around the Naugatuck River Valley and beyond. With a mission to educate, support, and empower individuals and families, Team Inc offers a range of initiatives to help them avoid crises and achieve stability. These services include housing and residential assistance to help individuals find and keep suitable housing, home-heating energy assistance and counseling, income management services for financial counseling and tax assistance, and employment skill acquisition. Team's comprehensive approach also includes linkages and referrals to community services. Established in the wake of President Johnson's Economic Opportunity Act of 1964, Team remains committed to addressing the complex needs of those in poverty and breaking the cycle of poverty. With a team of 203 employees, Team's multigenerational service delivery system focuses on support services, early childhood, and elderly services.
Official website here: www.teaminc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Team Inc has achieved a Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The overall score is solely based on the accountability and finance beacon, demonstrating the organization's commitment to transparency and responsible financial management. With a score of 96 in this category, Team Inc shows that it effectively manages its resources and adheres to strong governance practices.
The organization boasts a fully independent board of directors, which is a significant strength. It has 17 independent members, ensuring diverse perspectives and robust oversight. Additionally, Team Inc has implemented comprehensive policies, including conflict of interest and whistleblower protections, which further enhance its accountability framework.
Financially, Team Inc demonstrates solid performance, with a program expense ratio of 96.49%, indicating that a high percentage of its expenditures directly support its programs. The organization has no material diversions of assets and maintains a low liabilities-to-assets ratio of 12.59%, suggesting a strong financial position. Overall, Team Inc exemplifies best practices in nonprofit management, although specific programmatic impact assessments may not be detailed in the financial metrics provided.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Team Inc?
92% of 22 reviewers on Facebook recommend this charity. Here is a summary of their reviews:
Many individuals express strong support for Team Inc, highlighting the organization's commitment not only to children but to entire families. Reviewers appreciate the dedication shown by the staff, noting that they provide essential resources and assistance tailored to individual needs. There is a notable emphasis on Team Inc’s role in helping parents pursue education, thereby enhancing their family’s overall well-being.
Overall, the sentiment is overwhelmingly positive, with users commending the nonprofit for its valuable services and support, demonstrating that Team Inc effectively delivers on its promises to the community it serves.
This AI summary has been generated from reviews found on Facebook.
Is Team Inc legitimate?
Team Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Team Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $320,651
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,996,914
For more financial information, click here
Official website here: www.teaminc.org
What is the mission statement of Team Inc?
Team Inc is a not-for-profit organization dedicated to enhancing communities by educating, supporting, and empowering individuals and families. Established as a federally-designated antipoverty agency, Team was founded in response to President Johnson's Economic Opportunity Act of 1964, which aimed to comprehensively address the needs of the disadvantaged and break the cycle of poverty. In President Johnson's announcement of Project Head Start, he emphasized the importance of investing in children, as half of the impoverished population were children at the time. Team continues its multigenerational service delivery system, concentrating on support services, early childhood, and elderly services.
Official website here: www.teaminc.org
Who is the CEO of Team Inc?
David Morgan is the Director of Team Inc. The CEO's salary of Team Inc is $164,721 and their total compensation is $186,720.
Official website here: www.teaminc.org
What is the revenue of Team Inc?
Team Inc's revenue in 2023 was $24,188,289.
Official website here: www.teaminc.org
Who are the executives of Team Inc and what are their salaries?
The average compensation at Team Inc during 2023 was $31,121. There are 203 employees and 105 volunteers at Team Inc.
Here are 21 key members and their salaries (Team Inc's CEO's salary is $164,721 and their total compensation is $186,720):
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- Compensation: $164,721
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- Other: $7,305
Official website here: www.teaminc.org
Where can I find the form 990 for Team Inc?
Team Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.teaminc.org
Learn more at the official website: www.teaminc.org
Mission Statement of Team Inc
Team Inc, a not-for-profit corporation, is dedicated to strengthening communities by educating, supporting, and empowering individuals and families. Established in response to President Lyndon Johnson's Economic Opportunity Act of 1964, Team Inc was founded to comprehensively address the complex needs of the disadvantaged and eliminate the cycle of poverty. This groundbreaking legislation paved the way for the creation of community action agencies, Head Start programs, and legal services, among other initiatives.
Johnson's announcement of Project Head Start emphasized the importance of investing in children, 50% of whom were living in poverty at the time. Team Inc remains committed to this mission, providing multigenerational services through a delivery system focused on support services, early childhood, and elderly care. The organization's enduring legacy is rooted in its dedication to uplifting communities and transforming lives. By offering educational opportunities, vital support systems, and essential services, Team Inc continues to make a lasting impact on the lives of those it serves.
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Impact
August, 2024
Team Inc's impact can be seen in its efforts to strengthen the community by educating, supporting, and empowering individuals and families. Its support services initiatives provide crucial assistance to help individuals and families avoid crisis and achieve stability through various programs. These include housing and residential services to secure suitable housing, home-heating energy assistance to reduce energy costs, income management services for financial counseling and tax filing, and assistance in acquiring skills for employment opportunities.
Additionally, Team Inc facilitates linkages and referrals to community services, complementing its integrated service delivery approach focused on empowering individuals and families toward economic stability. By addressing the complex needs of the community in Southwest/Central Connecticut and the Naugatuck River Valley region, Team Inc continues its mission as a vital nonprofit organization dedicated to combating poverty and improving the lives of those it serves.
This information is meant to be a general summary of Team Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $10,295
- Program Service Revenue: $1,002,381
- Gross Receipts: $24,197,270
Assets and Liabilities:
- Total Assets: $13,533,661
- Total Liabilities: $1,704,595
- Net Assets: $11,829,066
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT FEES
Revenue
$902,206
RENTAL INCOME
Revenue
$100,175
Organization Details
Founding Year
1965
Phone
(203) 736-5420Principal Officer
David Morgan
Main Address
30 ELIZABETH STREET, DERBY, CT, 06418
Website
www.teaminc.orgNTEE Category
Code: P200 - Human services
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