Teammates Foundation
- Assets
- $13.5m
- Revenue
- $134.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 07/2009
- Data as of
- 06/2022
- EIN
- 26-2658139
Organization Overview
Teammates Foundation is located in Lincoln, NE. The organization was established in 2009. According to its NTEE Classification (O11) the organization is classified as: Single Organization Support, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teammates Foundation 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 06/2022, Teammates Foundation generated $134.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $167.8k during the year ending 06/2022. While expenses have increased by 9.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROVIDE FUNDING TO TEAMMATES MENTORING PROGRAM WHOSE MISSION IS TO POSITIVELY IMPACT THE WORLD BY INSPIRING STUDENTS TO REACH THEIR FULL POTENTIAL THROUGH MENTORING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LONG-TERM SUSTAINABILITY FOR THE TEAMMATES MENTORING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denny Walker Secretary | OfficerTrustee | 1 | $0 |
John Schuele Treasurer | OfficerTrustee | 1 | $0 |
Jim Pillen President | OfficerTrustee | 1 | $0 |
Steve Erwin Secretary | OfficerTrustee | 1 | $0 |
Suzanne Hince Executive Director | Officer | 3 | $0 |
Steve Kiene Director | Trustee | 1 | $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 | $1,827,295 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,827,295 |
| Total Program Service Revenue | $0 |
| Investment income | $435,456 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $134,269 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $26,843 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,238 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,322 |
| Payroll taxes | $4,612 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,828 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $539 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $167,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $639,301 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $854,751 |
| 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 | $11,990,249 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,484,301 |
| Accounts payable and accrued expenses | $931 |
| 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 | $26,808 |
| Total liabilities | $27,739 |
| Net assets without donor restrictions | $1,721,917 |
| Net assets with donor restrictions | $11,734,645 |
| 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 | $13,484,301 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Teammates Foundation has recieved totaling $16,600.
| Awarding Organization | Amount |
|---|---|
Herman Foundation Bennington, NE PURPOSE: CHARITABLE OPERATIONS | $15,000 |
Normil Foundation Lincoln, NE PURPOSE: UNRESTRICTED | $1,600 |
Endowment Analysis
| Beg. Balance | $10,159,426 |
| Earnings | -$1,525,622 |
| Net Contributions | $2,399,665 |
| Other Expense | $46,387 |
| Grants | $72,438 |
| Ending Balance | $10,914,644 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Great Circle Endowment Inc Saint James, MO | $55,460,013 | $5,249,746 |
Boy Scouts Of America St Louis, MO | $70,195,247 | -$2,206,788 |
Chandler H Kibbee And Mercedes K Kibbee Foundation For Children Sheridan, WY | $13,511,920 | $2,104,033 |
James E West Foundation Omaha, NE | $23,468,379 | $3,469,599 |
Boy Scouts Of America Denver, CO | $34,327,670 | $3,029,324 |
Wyoming State 4h Foundation Laramie, WY | $6,351,833 | $1,074,965 |
Springfield Boys Club Trust Fund For Springfield Boys Club Inc Springfield, MO | $14,210,234 | $1,815,014 |
Youth & Family Services Qalicb Inc Rapid City, SD | $11,455,805 | $158,774 |
Gillwell Foundation Omaha, NE | $8,176,739 | $8,704,636 |
Boy Scouts Of America Saint Joseph, MO | $1,619,942 | $197,703 |
Boys And Girls Club Of Central Wyoming Endowment Foundation Inc Casper, WY | $10,401,641 | $818,229 |
Redeeming Love Ministries Colorado Springs, CO | $243,034 | $436,148 |