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T E A M Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 273173336 ✦ Lincolnton, NC ✦ Designated as a 501(c)(3)

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Overview

What is T E A M Foundation Inc?

T.E.A.M. Foundation Inc is a charitable organization, initiated by Times Oil Corporation, aiming to enhance the lives of its local communities. Their primary focus lies in supporting educational institutions and offering recreational opportunities for young people. In addition, they contribute to various local charities. They achieve their mission through engaging in numerous fundraising activities, thereby extending their support to schools and charities within their community.

Is T E A M Foundation Inc legitimate?

T E A M Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. T E A M Foundation Inc submitted a form 990EZ, 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.

What is the mission statement of T E A M Foundation Inc?

The T E A M Foundation Inc serves as a means for a certain oil corporation to contribute back to its local communities. Its mission is primarily focused on enriching the lives of young people by supporting educational institutions and providing opportunities for recreation. Additionally, the foundation extends its support to local charities through various fundraising activities, aiming to contribute positively to the local community schools and charities.

Who is the CEO of T E A M Foundation Inc?

David M Boyd is the President of T E A M Foundation Inc.

What is the revenue of T E A M Foundation Inc?

T E A M Foundation Inc's revenue in 2023 was $46,305.

Who are the executives of T E A M Foundation Inc and what are their salaries?


Here are 7 key members and their salaries:


David M Boyd (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hunter Boyd (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Owens (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel M Boyd Iv (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel M Boyd Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna J Scates (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Dean Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for T E A M Foundation Inc?

T E A M Foundation Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.

Mission Statement of T E A M Foundation Inc

The T E A M Foundation Inc, as a philanthropic endeavor by Times Oil Corporation, is dedicated to making a positive impact in its home communities. Its mission lies in enriching the lives of young people by offering support to local educational institutions and providing opportunities for recreation. Moreover, the foundation contributes to local charities, aiming to strengthen the fabric of these communities. The T E A M Foundation Inc achieves this mission through various fundraising activities, working closely with local schools and charities to provide much-needed resources and assistance.

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Impact




August, 2024

T E A M Foundation Inc's impact is significant in the community of Lincolnton, NC. Through their support of local educational organizations, recreational opportunities, and charities, they are enriching the lives of young people and contributing to the betterment of the community. Their fundraising activities help support local schools and charities, making a tangible difference in the lives of those in need. T E A M Foundation Inc's dedication to philanthropy is evident in their mission to give back to their home communities and support those in need.




This information is meant to be a general summary of T E A M 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.

Revenue
$46,305 (2023)
Expenses
$100,591 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $40
  • Gross Receipts: $80,715

Assets and Liabilities:

  • Total Assets: $65,950
  • Total Liabilities: $0
  • Net Assets: $65,950

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Organization Details

Principal Officer

David M Boyd

Main Address

PO BOX 795, LINCOLNTON, NC, 28093

NTEE Category

Code: T30 - Philanthropy

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