Overview
What is Teamwork Foundation Inc?
Teamwork Foundation Inc, based in the Bronx, New York, is a nonprofit organization committed to uplifting underprivileged youth. Their mission involves managing and operating competitive athletic programs, delivering comprehensive educational services, and maintaining a community facility. This holistic approach aims to encourage education, with the ultimate goal of helping these young individuals stay in school, graduate, and secure access to higher education. The organization, home to 20 dedicated employees, strives to provide educational, recreational, and counseling services to enhance the lives of New York City's youth.
Official website here: www.newyorkgauchos.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 84% - Three-Star out of Four Star rating
Teamwork Foundation Inc has achieved a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The charity's score is bolstered by an independent board, with 100% of its members being independent, and it has a strong financial management structure, evidenced by a low liabilities to assets ratio and a high program expense ratio of 81.83%. These factors indicate a commitment to efficiently using funds for its mission.
Despite these strengths, there are notable limitations in the organization's policies. Teamwork Foundation Inc lacks essential governance documents, including a conflict of interest policy, a whistleblower policy, and a document retention policy, which may raise concerns about organizational transparency and accountability. Additionally, the absence of a posted tax form on their website limits accessibility to financial information for stakeholders.
Overall, while Teamwork Foundation Inc demonstrates strong financial health and governance practices, the missing policies could pose risks to its operational integrity. Future improvements in these areas could enhance their rating and instill greater confidence among donors and beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is Teamwork Foundation Inc legitimate?
Teamwork Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Teamwork Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $249,875
For more financial information, click here
Official website here: www.newyorkgauchos.org
What is the mission statement of Teamwork Foundation Inc?
Teamwork Foundation Inc's mission is centered around benefiting underprivileged boys and girls by managing and operating competitive athletic programs, comprehensive educational services, and a community facility. The primary objective is to help these children stay in school, graduate, and gain access to higher education. In doing so, the foundation aims to provide them with essential educational, recreational, and counseling services.
Official website here: www.newyorkgauchos.org
Who is the CEO of Teamwork Foundation Inc?
Charles Chiara is the Board Member of Teamwork Foundation Inc.
Official website here: www.newyorkgauchos.org
What is the revenue of Teamwork Foundation Inc?
Teamwork Foundation Inc's revenue in 2022 was $939,447.
Official website here: www.newyorkgauchos.org
Who are the executives of Teamwork Foundation Inc and what are their salaries?
The average compensation at Teamwork Foundation Inc during 2022 was $12,494. There are 20 employees at Teamwork Foundation Inc.
Here are 6 key members and their salaries:
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Official website here: www.newyorkgauchos.org
Where can I find the form 990 for Teamwork Foundation Inc?
Teamwork Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newyorkgauchos.org
Learn more at the official website: www.newyorkgauchos.org
Mission Statement of Teamwork Foundation Inc
Teamwork Foundation Inc is dedicated to managing and operating competitive athletic programs, comprehensive educational services, and a community facility. Their primary aim is to benefit underserved boys and girls, enabling them to stay in school, graduate, and gain access to a college education. This nonprofit organization operates with the goal of providing educational, recreational, and counseling services to New York City youth. In essence, Teamwork Foundation Inc strives to provide a comprehensive and supportive environment for underprivileged children, helping them overcome various challenges and achieve their educational goals.
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Impact
August, 2024
Teamwork Foundation Inc's impact is significant in the Bronx, NY, where it provides educational, recreational, and counseling services to underserved boys and girls. By managing and operating competitive athletic programs, comprehensive educational services, and a community facility, Teamwork Foundation Inc empowers youth to stay in school, graduate, and gain access to a college education. This organization plays a crucial role in supporting youth development and creating opportunities for a brighter future for these individuals in the community.
This information is meant to be a general summary of Teamwork Foundation 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 2022.
- Investment Income: $26
- Program Service Revenue: $405,848
- Gross Receipts: $939,447
Assets and Liabilities:
- Total Assets: $725,273
- Total Liabilities: $184,575
- Net Assets: $540,698
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$321,060
REGISTRATION FEES
Revenue
$30,368
CAMPS
Revenue
$29,924
TOURNAMENT FEES
Revenue
$12,831
OTHER
Revenue
$6,260
Organization Details
Founding Year
1980
Principal Officer
Charles Chiara
Main Address
478 GERARD AVENUE, Bronx, NY, 10451
Website
www.newyorkgauchos.orgNTEE Category
Code: O20Z - Youth development
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