Overview
What is The Team Foundation?
The Team Foundation is a nonprofit organization situated in Newport News, Virginia, with an address at 6812 River Road. Its primary mission is to offer monetary contributions and support to Trinity Evangelical Lutheran Church and School, aiming to benefit these entities. The organization's purpose is to provide assistance and backing to these institutions, contributing to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
The Team Foundation has received a 73% score from Charity Navigator, which results in a Two-Star rating for the organization. This rating is based entirely on Accountability & Finance metrics, highlighting the importance of financial integrity and transparency for nonprofits. The organization has demonstrated strong governance with 100% independent board members and effective documentation of board meeting minutes.
Strengths of The Team Foundation include a perfect score in several key areas such as independent board size, material diversion of assets, and a remarkable program expense ratio of 99.89%. These metrics indicate a commitment to using resources effectively towards its mission and ensuring that board decisions are made independently and transparently.
However, despite its strengths, the overall rating reflects some areas where improvement is necessary. A Two-Star rating suggests that while the organization is performing well in accountability, it may lack additional indicators of performance that could enhance its rating. Continued focus on strengthening overall operational effectiveness may help improve future ratings.
This AI summary has been generated from information found on Charity Navigator.
Is The Team Foundation legitimate?
The Team Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Team 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.
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What is the mission statement of The Team Foundation?
The Team Foundation's primary purpose is to offer support and benefits to Trinity Evangelical Lutheran Church and School. In essence, the organization provides monetary contributions to aid and enhance the operations of both the church and the school. This mission is aimed at contributing positively to the two institutions, ensuring they can operate effectively and serve their respective communities. The Team Foundation's activities are centered around providing financial assistance to Trinity Evangelical Lutheran Church and School, thereby contributing to their overall well-being and success.
Who is the CEO of The Team Foundation?
David E Hunt is the President/Director of The Team Foundation.
What is the revenue of The Team Foundation?
The Team Foundation's revenue in 2023 was $36,036.
Who are the executives of The Team Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for The Team Foundation?
The Team Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Team Foundation
The Team Foundation, a nonprofit organization, is primarily dedicated to providing support and benefits to Trinity Evangelical Lutheran Church and School. Its mission is to contribute financially to these institutions, aiming to strengthen and uplift them. By making monetary contributions, The Team Foundation plays a significant role in fostering the growth and well-being of Trinity Evangelical Lutheran Church and School.
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Impact
October, 2024
The Team Foundation plays a vital role in enhancing the community by providing essential financial support to Trinity Evangelical Lutheran Church and School in Newport News, VA. By making monetary contributions, the foundation ensures that the church and school can continue their mission of serving the community, enriching lives, and promoting education. This support not only helps to maintain and improve facilities and programs but also fosters a sense of unity and purpose within the congregation and the wider community. The contributions significantly enhance the church's ability to serve its members and support educational initiatives, thereby leaving a lasting impact on the lives of many.
This information is meant to be a general summary of The Team 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: $36,036
- Gross Receipts: $139,352
Assets and Liabilities:
- Total Assets: $685,558
- Total Liabilities: $0
- Net Assets: $685,558
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Organization Details
Founding Year
1995
Phone
(757) 245-7861Principal Officer
David E Hunt
Main Address
6812 RIVER ROAD, NEWPORT NEWS, VA, 23607
NTEE Category
Code: T30Z - Philanthropy
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