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Team Drea Foundation Inc

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

EIN: 813938375 ✦ Raleigh, NC ✦ Designated as a 501(c)(3)

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Overview

What is Team Drea Foundation Inc?

Team Drea Foundation Inc, located in Raleigh, North Carolina, is a nonprofit organization committed to supporting research efforts toward finding a cure or effective treatment for Amyotrophic Lateral Sclerosis (ALS). In 2022, they channeled significant financial support, amounting to $279,000, to other research organizations in their mission to advance ALS research. The team's dedication extends beyond financial contributions, funding groundbreaking and innovative research projects to advance progress in the field.


Official website here: www.teamdrea.org

Is Team Drea Foundation Inc legitimate?

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

For more financial information, click here


Official website here: www.teamdrea.org

What is the mission statement of Team Drea Foundation Inc?

The Team Drea Foundation Inc's mission is centered around advancing research to find a cure or effective treatment for Amyotrophic Lateral Sclerosis (ALS). They accomplish this by funding innovative and bold research projects. The foundation is dedicated to supporting organizations engaged in ALS research, as demonstrated by their 2022 contribution of $279,000 to such organizations. By doing so, Team Drea Foundation Inc aims to contribute significantly to the scientific community's efforts in combating ALS, ultimately benefiting those affected by this debilitating disease.


Official website here: www.teamdrea.org

Who is the CEO of Team Drea Foundation Inc?

David Peet is the Chairman of Team Drea Foundation Inc.


Official website here: www.teamdrea.org

What is the revenue of Team Drea Foundation Inc?

Team Drea Foundation Inc's revenue in 2022 was $388,795.


Official website here: www.teamdrea.org

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

There 30 volunteers at Team Drea Foundation Inc.


Here are 9 key members and their salaries:


David Peet (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Ayers (Vice Chairwoman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ashley Kollme (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas Kollme (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Biggs (Member Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Spitz (Member Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jillaine Baker (Member Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Bowen (Member Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea Peet (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.teamdrea.org

Where can I find the form 990 for Team Drea Foundation Inc?

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


Official website here: www.teamdrea.org

Learn more at the official website: www.teamdrea.org

Mission Statement of Team Drea Foundation Inc

Team Drea Foundation, a reputable organization, is dedicated to combating amyotrophic lateral sclerosis (ALS) through its mission. The foundation funds cutting-edge, innovative research with the aim of discovering a cure or effective treatment for this debilitating disease. By investing in various research organizations, Team Drea Foundation contributes significantly to the global effort to understand and overcome ALS. In 2022 alone, the foundation donated a substantial sum of $279,000 to these organizations, demonstrating its commitment to making a tangible impact in the field of ALS research.

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Impact




October, 2024

Team Drea Foundation Inc plays a crucial role in advancing the fight against amyotrophic lateral sclerosis (ALS). By contributing significant funding to research organizations, the foundation amplifies efforts to discover a cure or develop effective treatments for this challenging disease. In 2022, Team Drea Foundation made an impactful contribution of $279,000, showcasing its commitment to innovative research approaches. Operating from Raleigh, NC, the foundation is dedicated to supporting groundbreaking initiatives that can lead to breakthroughs in understanding and treating ALS. Through its financial backing, Team Drea Foundation fosters collaboration and empowerment in the ALS research community, enhancing the potential for life-changing discoveries.




This information is meant to be a general summary of Team Drea 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
$388,795 (2022)
Expenses
$313,295 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $400,459

Assets and Liabilities:

  • Total Assets: $211,029
  • Total Liabilities: $4
  • Net Assets: $211,025

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Organization Details

Founding Year

2016

Principal Officer

David Peet

Main Address

2004 Flagstone Pl, Raleigh, NC, 27612

NTEE Category

Code: G80 - Disease

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