Overview
What is Team Pennsylvania Foundation?
Team Pennsylvania Foundation, situated in Harrisburg, Pennsylvania, is a dedicated nonprofit organization with a focus on tourism and economic development. In collaboration with DCED, they oversee various programs, aiming to boost both tourism and economic growth. Their tourism initiatives include a creative seasonal tourism campaign, a government-to-business campaign targeting priority industries, and a site selector program featuring strategic sponsorships and metro missions. For economic development, they offer marketing support, technical assistance, consulting engagements, collateral material development, and participate in trade shows, among other activities. With a mission to accelerate Pennsylvania's economic growth through public-private partnerships, Team Pennsylvania Foundation works tirelessly to contribute positively to the commonwealth's future, employing a team of 10 individuals.
Official website here: www.teampa.com
What are the reviews and ratings of this charity?
99% rating from Charity Navigator indicates Team Pennsylvania Foundation is highly effective and trustworthy, earning a Four-Star out of Four Star rating. This score reflects exceptional performance in accountability and finance, with a perfect score of 100 in this category, underscoring the organization's commitment to transparency and responsible financial management.
The foundation also demonstrates strong governance, featuring a fully independent board and comprehensive oversight mechanisms such as an audit committee and conflict of interest policies. The organization's high program expense ratio of 81.09% highlights its focus on mission-related activities, ensuring that a significant portion of its resources directly supports its programs and initiatives.
While the foundation has achieved notable strengths, it also reported implementing 11 Equity Practices, indicating an ongoing effort to enhance its cultural and community engagement. This proactive approach signals a commitment to inclusivity and effectiveness in serving its stakeholders, although it may be worth monitoring how these practices evolve over time.
This AI summary has been generated from information found on Charity Navigator.
Is Team Pennsylvania Foundation legitimate?
Team Pennsylvania Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Team Pennsylvania Foundation 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: $163,643
Professional Fundraising Fees: $0
Other Salaries and Wages: $489,765
For more financial information, click here
Official website here: www.teampa.com
What is the mission statement of Team Pennsylvania Foundation?
Team Pennsylvania Foundation's mission is centered around stimulating economic growth in Pennsylvania. They accomplish this through public-private partnerships, working towards a prosperous long-term future for all the state's residents. Their activities include managing programs in collaboration with DCED, focusing on promoting tourism and economic development. For tourism, they run campaigns like a seasonal tourism campaign and a government-to-business campaign, as well as a site selector program with strategic sponsorships. In terms of economic development, they offer support for marketing, technical assistance, consulting engagements, collateral material development, trade shows, and various other activities.
Official website here: www.teampa.com
Who is the CEO of Team Pennsylvania Foundation?
Abby Smith is the Co-Chair of Team Pennsylvania Foundation. The CEO's salary of Team Pennsylvania Foundation is $154,393 and their total compensation is $154,393.
Official website here: www.teampa.com
What is the revenue of Team Pennsylvania Foundation?
Team Pennsylvania Foundation's revenue in 2023 was $4,748,033.
Official website here: www.teampa.com
Who are the executives of Team Pennsylvania Foundation and what are their salaries?
The average compensation at Team Pennsylvania Foundation during 2023 was $65,341. There are 10 employees and 70 volunteers at Team Pennsylvania Foundation.
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Official website here: www.teampa.com
Where can I find the form 990 for Team Pennsylvania Foundation?
Team Pennsylvania Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.teampa.com
Learn more at the official website: www.teampa.com
Mission Statement of Team Pennsylvania Foundation
Team Pennsylvania Foundation, with its mission at heart, works towards accelerating Pennsylvania's economic growth through public-private partnerships. In this endeavor, the organization collaborates with various entities, striving to enhance the commonwealth's long-term economic future for the benefit of all Pennsylvanians.
The Team Pennsylvania Foundation's activities are centered around promoting tourism and economic development. In partnership with the Department of Community and Economic Development (DCED), the Foundation manages several programs designed to boost tourism and economic growth. These initiatives include a seasonal tourism campaign, a government-to-business campaign focusing on priority industries, and a site selector program that offers strategic sponsorships and metro missions.
In the realm of tourism, the Foundation supports creative productions and marketing campaigns to attract visitors. By highlighting priority industries, the Foundation aims to attract businesses that contribute to Pennsylvania's economy. The site selector program further strengthens the commonwealth's position in attracting investments by offering strategic support and resources.
In addition to these tourism initiatives, the Team Pennsylvania Foundation also provides assistance for economic development. This support encompasses marketing, technical assistance, consulting engagements, collateral material development, trade shows, and various other activities. By offering these resources, the Foundation helps businesses and communities thrive, ultimately contributing to Pennsylvania's economic growth.
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Impact
October, 2024
Team Pennsylvania Foundation plays a crucial role in driving economic growth and enhancing tourism across the state. By fostering public-private partnerships, it implements various programs aimed at stimulating economic development and increasing Pennsylvania's appeal as a travel destination.
Through initiatives like seasonal tourism campaigns, the foundation creates engaging marketing strategies that highlight the state's unique attractions. The government-to-business campaigns focus on priority industries, ensuring that the message resonates with key stakeholders and potential investors. Additionally, the site selector program strategically promotes Pennsylvania as an ideal location for business expansion, leveraging targeted sponsorships and metro missions to attract attention from decision-makers.
In terms of economic development, Team Pennsylvania Foundation provides vital support through marketing initiatives, technical assistance, and consulting engagements. The foundation also works on collateral development and participates in trade shows, creating platforms for businesses to engage with potential clients and partners.
Overall, the foundation's efforts significantly contribute to strengthening Pennsylvania's economy and enhancing community improvements, ultimately working towards a prosperous future for all residents.
This information is meant to be a general summary of Team Pennsylvania Foundation. 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: $1,007,684
- Program Service Revenue: $2,465,697
- Gross Receipts: $8,869,756
Assets and Liabilities:
- Total Assets: $10,278,739
- Total Liabilities: $1,842,284
- Net Assets: $8,436,455
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PA DCED TOURISM & ECONOMIC
Revenue
$2,342,342
PA DCED NEW AMER. DEVEL. FUND
Revenue
$72,315
PROGRAM SPONSORSHIP
Revenue
$51,040
Organization Details
Founding Year
1997
Phone
(717) 233-1375Principal Officer
Abby Smith
Main Address
240 NORTH THIRD STREET 2ND FLOOR, HARRISBURG, PA, 17101
Website
www.teampa.comNTEE Category
Code: S30 - Community improvement
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