Overview
What is Teammates Foundation?
Teammates Foundation is a nonprofit organization situated in Lincoln, Nebraska. Its primary mission is to ensure the long-term sustainability of the Teammates Mentoring Program. By providing funding, this program aims to positively impact the world by motivating students to achieve their full potential through mentoring. Teammates Foundation operates from the address 6801 O Street, Lincoln, NE 685102422.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Teammates Foundation has received a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The foundation achieved a perfect score in several areas, including having a fully independent board and effective financial management practices, demonstrated by its low liabilities-to-assets ratio of 0.14% and a program expense ratio of 76.11%. This indicates that the majority of its expenditures are directed towards its mission-driven programs, which is a positive sign for potential donors.
The foundation's governance is further reinforced by its adherence to best practices, evidenced by its comprehensive conflict of interest and whistleblower policies, as well as proper documentation of board meeting minutes. These elements contribute to a transparent organizational framework that can inspire confidence among stakeholders and those considering support.
Overall, the Teammates Foundation stands out for its robust financial health and effective oversight mechanisms. While the rating highlights its strong points, potential donors are encouraged to consider their personal alignment with the organization's mission alongside its financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Teammates Foundation legitimate?
Teammates Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Teammates 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:
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Other Salaries and Wages: $78,443
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What is the mission statement of Teammates Foundation?
The Teammates Foundation's mission is centered around providing funding for the Teammates Mentoring Program. This program aims to positively impact the world by inspiring students to reach their full potential through mentoring. The primary objective of the Teammates Foundation is to ensure the long-term sustainability of this mentoring program. By supporting this program, the foundation contributes to the personal growth and development of numerous students, ultimately striving to make a positive impact on the world.
What is the revenue of Teammates Foundation?
Teammates Foundation's revenue in 2024 was $4,137,736.
Who are the executives of Teammates Foundation and what are their salaries?
Here are 19 key members and their salaries:
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- Related: $80,379
- Other: $12,181
Where can I find the form 990 for Teammates Foundation?
Teammates Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Teammates Foundation
Teammates Foundation, a philanthropic organization, is committed to providing financial support for the Teammates Mentoring Program. This program's mission is to make a positive impact on the world by inspiring students to reach their full potential through mentoring. By funding this program, Teammates Foundation aims to foster an environment where students can grow and develop, ultimately contributing to a better world. The primary objective of Teammates Foundation is to ensure the long-term sustainability of the Teammates Mentoring Program, ensuring that its impact continues to be felt for years to come.
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Impact
October, 2024
Teammates Foundation plays a pivotal role in fostering youth development by providing essential funding to the Teammates Mentoring Program. This initiative is dedicated to inspiring students to realize their full potential through meaningful mentoring relationships. By ensuring the long-term sustainability of the mentoring program, the foundation positively impacts the lives of countless young individuals, helping them navigate challenges and seize opportunities for personal and academic growth. Through its efforts, Teammates Foundation contributes to building a supportive community in Lincoln, Nebraska, that empowers the next generation to thrive.
This information is meant to be a general summary of Teammates 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 2024.
- Investment Income: $548,648
- Gross Receipts: $4,137,736
Assets and Liabilities:
- Total Assets: $13,484,301
- Total Liabilities: $27,739
- Net Assets: $13,456,562
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Organization Details
Founding Year
2008
Principal Officer
Suzanne Hince
NTEE Category
Code: O115 - Youth development
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