Team Dc Inc
- Assets
- $63.1k
- Revenue
- $83.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 08/2013
- Data as of
- 12/2022
- EIN
- 26-0078527
Organization Overview
Team Dc Inc is located in Alexandria, VA. The organization was established in 2013. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team DC Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Team DC Inc generated $83.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $61.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TEAM DC SERVES AS AN AMATEUR ATHLETIC ASSOCIATION WITH THE GOALS OF FOSTERING GREATER PARTICIPATION IN NATIONAL AND INTERNATIONAL AMATEUR SPORTS COMPETITION BY THE LGBT COMMUNITY. IT ENDOWS AND GRANTS PERIODIC SCHOLARSHIPS TO LGBT STUDENT-ATHLETES PURSUING POST-SECONDARY EDUCATION. TEAM DC ALSO EDUCATES THE COMMUNITY AT LARGE ON THE ACHIEVEMENTS OF LGBT ATHLETES, SEEKING TO ELIMINATE ANIMUS, PREJUDICE AND DISCRIMINATION DIRECTED AGAINST LGBT PEOPLE AND AGAINST THEIR PARTICIPATION IN SPORTS. AND TEAM DC CONFERS GRANTS AND STIPENDS TO LGBT TEAMS SEEKING TO PREPARE AND COMPETE IN NATIONAL OR INTERNATIONAL AMATEUR SPORTS COMPETITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS
TEAM DC PROVIDED DIRECT FINANCIAL SUPPORT TO LOCAL TEAMS THROUGHOUT THE YEAR FOR PARTICIPATING IN PROMOTIONAL COMMUNITY EVENTS, SUCH AS CASINO NIGHTS, THE TEAM DC FASHION SHOW, NIGHT OUT EVENTS, AND THE PRIDE FESTIVAL BEER GARDEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miguel Ayala Secretary | OfficerTrustee | 5 | $0 |
Kimball Winn Treasurer | OfficerTrustee | 5 | $0 |
Grace Thompson Board Member | Trustee | 2 | $0 |
Laura Fraher Vice President | OfficerTrustee | 5 | $0 |
Mike Walker Board Member | Trustee | 2 | $0 |
Les Johnson President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,517 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,517 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $39,038 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $23,575 |
| Compensation of current officers, directors, key employees. | $4,715 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80 |
| Fees for services: Accounting | $1,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $728 |
| Office expenses | $826 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,551 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,271 |
| All other expenses | $0 |
| Total functional expenses | $61,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,115 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $63,115 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $34,434 |
| Net assets with donor restrictions | $28,681 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $63,115 |