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Team 224 Inc

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

EIN: 810893096 ✦ Fairbury, IL ✦ Designated as a 501(c)(3)

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Overview

What is Team 224 Inc?

Team 224 Inc is a dedicated nonprofit organization that engages in fundraising activities, primarily through cycling events. Their primary goal is to support underprivileged children, aiding in the procurement of necessary items and offering various services to over 300 children. This is accomplished by participating in multiple events or rides, each supporting different charitable organizations. The organization also encourages volunteer participation, fostering a sense of community and camaraderie in its endeavors. Their mission involves holding athletic events, channeling the energy and efforts of participants towards a worthy cause.

Is Team 224 Inc legitimate?

Team 224 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Team 224 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 Team 224 Inc?

Team 224 Inc's mission is centered around fundraising, primarily through cycling events. They aim to assist over 300 children by providing them with necessary resources and services. Volunteers actively participate in various athletic events, supporting multiple charitable organizations. The organization holds these events to raise funds, ultimately contributing to the betterment of children's lives.

Who is the CEO of Team 224 Inc?

Teri Wenger is the Executive Director of Team 224 Inc.

What is the revenue of Team 224 Inc?

Team 224 Inc's revenue in 2022 was $89,118.

Who are the executives of Team 224 Inc and what are their salaries?


Here are 6 key members and their salaries:


Teri Wenger (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Lanz (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joellen Gehring (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Gherian (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Zobrist (Director Past Exec Dir)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phillip Witzig (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Team 224 Inc?

Team 224 Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Team 224 Inc

Team 224 Inc, a nonprofit organization, is committed to making a positive impact on the lives of children. They achieve this by raising funds through bicycle rides. These funds are then utilized to provide essential resources and services to over 300 children. The organization's efforts extend beyond financial aid, as they also engage volunteers in various athletic events. These events serve as platforms to support multiple charitable organizations, with Team 224 Inc participating in three events that aid three different organizations, and two events that assist two charitable entities each. The collective efforts of Team 224 Inc contribute significantly to the well-being and betterment of children in need.

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Impact




October, 2024

Team 224 Inc has made a significant impact in the community by supporting over 300 children through various charitable activities. By organizing bicycle rides, the organization not only raised essential funds but also fostered community involvement and volunteerism. Participants in these events actively contributed to the success of three different charitable organizations, further amplifying the positive effect on local families in need. Additionally, the organization has held athletic events that promote physical activity and community spirit. Through these initiatives, Team 224 Inc has provided critical resources and services, empowering children and helping them access necessary support.




This information is meant to be a general summary of Team 224 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
$89,118 (2022)
Expenses
$90,876 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $89,118

Assets and Liabilities:

  • Total Assets: $14,352
  • Total Liabilities: $0
  • Net Assets: $14,352

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Organization Details

Principal Officer

Teri Wenger

Main Address

708 N 4TH, FAIRBURY, IL, 61739

NTEE Category

Code: P12 - Human services

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