Overview
What is Teamwork Unlimited Foundation A Nj Nonprofit Corporation?
Teamwork Unlimited Foundation, a nonprofit corporation based in Edison, New Jersey (specifically at 53 Ferris Road), is dedicated to assisting individuals or organizations experiencing financial hardship caused by unforeseen or excessive circumstances. Their mission is to alleviate this distress, offering relief when it's most needed.
Official website here: www.teamworkunlimitedfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53% (One-Star out of Four Star rating)
The Teamwork Unlimited Foundation has received a one-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. With an overall score of 53%, the nonprofit is marked by a complete lack of independent board members and several missing policies that are crucial for governance, including conflict of interest, whistleblower, and document retention policies.
Despite these governance shortcomings, the foundation demonstrates a positive aspect with a program expense ratio of 75.78%, suggesting that a substantial portion of its expenses is directed towards its programs. Additionally, it has a favorable liabilities to assets ratio of 0.00%, indicating sound financial health in terms of debt. However, the absence of required documentation and policies could hinder the organization’s credibility and effectiveness.
Overall, while the Teamwork Unlimited Foundation has some financial strengths, its governance issues raise red flags that potential donors and stakeholders should consider. The nonprofit needs to improve its board independence and implement essential policies to enhance transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Teamwork Unlimited Foundation A Nj Nonprofit Corporation legitimate?
Teamwork Unlimited Foundation A Nj Nonprofit Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Teamwork Unlimited Foundation A Nj Nonprofit Corporation 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: $0
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Official website here: www.teamworkunlimitedfoundation.com
What is the mission statement of Teamwork Unlimited Foundation A Nj Nonprofit Corporation?
The Teamwork Unlimited Foundation, as a nonprofit organization, is committed to offering aid to individuals or organizations experiencing financial hardship due to unexpected or overwhelming issues. Their primary mission is to alleviate financial distress, providing relief during challenging times. The foundation's activities are centered around this mission, aiming to offer a lifeline to those in need. They strive to make a difference in people's lives, offering support during their most trying times.
Official website here: www.teamworkunlimitedfoundation.com
Who is the CEO of Teamwork Unlimited Foundation A Nj Nonprofit Corporation?
Michael Garlatti is the Trustee of Teamwork Unlimited Foundation A Nj Nonprofit Corporation.
Official website here: www.teamworkunlimitedfoundation.com
What is the revenue of Teamwork Unlimited Foundation A Nj Nonprofit Corporation?
Teamwork Unlimited Foundation A Nj Nonprofit Corporation's revenue in 2022 was $62,205.
Official website here: www.teamworkunlimitedfoundation.com
Who are the executives of Teamwork Unlimited Foundation A Nj Nonprofit Corporation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.teamworkunlimitedfoundation.com
Where can I find the form 990 for Teamwork Unlimited Foundation A Nj Nonprofit Corporation?
Teamwork Unlimited Foundation A Nj Nonprofit Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.teamworkunlimitedfoundation.com
Learn more at the official website: www.teamworkunlimitedfoundation.com
Mission Statement of Teamwork Unlimited Foundation A Nj Nonprofit Corporation
Teamwork Unlimited Foundation, a New Jersey-based nonprofit organization, is dedicated to providing aid to individuals or organizations experiencing financial hardship due to unforeseen or overwhelming circumstances. Their mission, in essence, is to extend relief during times of financial distress. The foundation serves as a beacon of hope for those in need, offering assistance when circumstances beyond their control threaten their financial stability.
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Impact
August, 2024
Teamwork Unlimited Foundation in Edison, NJ, is making a significant impact by providing relief to individuals and organizations facing financial distress due to unforeseen or overwhelming issues. Their mission to offer support in times of crisis, particularly in cases related to disease, is creating a positive ripple effect in the community. Through their efforts, Teamwork Unlimited Foundation is helping those in need to navigate through tough times and rebuild their lives with dignity and hope.
This information is meant to be a general summary of Teamwork Unlimited Foundation A Nj Nonprofit Corporation. 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.
- Gross Receipts: $62,205
Assets and Liabilities:
- Total Assets: $90,876
- Total Liabilities: $0
- Net Assets: $90,876
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Organization Details
Founding Year
2012
Phone
(732) 572-7243Principal Officer
Michael Garlatti
Main Address
53 Ferris Road, Edison, NJ, 08817
NTEE Category
Code: G12 - Disease
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