Teamwork Usa Education Corporation
- Assets
- $1.5m
- Revenue
- $350.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 10/2012
- Data as of
- 12/2021
- EIN
- 46-0873317
Organization Overview
Teamwork Usa Education Corporation is located in Palm Beach Gardens, FL. The organization was established in 2012. 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. Teamwork USA Education Corporation 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 12/2021, Teamwork USA Education Corporation generated $350.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $338.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Teamwork USA Education Corporation has awarded 22 individual grants totaling $317,851. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICATED TO PROVIDING INNOVATIVE TEAM SUPPORT, WITH THE INVOLVEMENT OF FAMILIES AND TEACHERS, FOR SOCIO-ECONOMICALLY CHALLENGED STUDENTS IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY SCHOOLS SCHOLARSHIP AND LEADERSHIP CLUB PROGRAM IN TITLE 1 ELEMENTARY PUBLIC SCHOOLS IN PALM BEACH COUNTY, FLORIDA.
HIGH SCHOOL SCHOLARSHIP PROGRAM FOR THE AWARD OF SCHOLARSHIPS TO GRADUATING SENIORS ATTENDING HIGH SCHOOL IN PALM BEACH COUNTY, FLORIDA FOR THE FULL TIME ATTENDENCE AT A 2 OR 4 YEAR COLLEGE, UNIVERSITY OR TECHNICAL SCHOOL IN FLORIDA.
STUDENT INSTRUMENTAL MUSIC PROGRAM, A PARTNERSHIP BETWEEN ORGANIZATION AND PALM BEACH COUNTY SCHOOL DISTRICT AREA FOR THE HIRING OF QUALIFIED INSTRUMENTAL MUSIC INSTRUCTORS AND THE PURCHASE OF MUSICAL INSTRUMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Perry Executive Di | Trustee | 25 | $27,000 |
Kenneth Stein Founder And | Officer | 5 | $0 |
Redgy Coucke President | Officer | 5 | $0 |
Harold Oertell Treasurer | Officer | 5 | $0 |
Sandra Strine Founder And | Officer | 5 | $0 |
Diana Fedderman Advisor | Trustee | $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 | $327,899 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $327,899 |
| Total Program Service Revenue | $0 |
| Investment income | $9,610 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,797 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $350,352 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,273 |
| Grants and other assistance to domestic individuals. | $177,124 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,000 |
| Advertising and promotion | $0 |
| Office expenses | $85 |
| 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 | $2,080 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,849 |
| All other expenses | $580 |
| Total functional expenses | $338,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,884 |
| 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 | $1,058,337 |
| Investments—other securities | $0 |
| Investments—program-related | $164,837 |
| Intangible assets | $0 |
| Other assets | $740 |
| Total assets | $1,464,798 |
| 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 | $742,945 |
| Total liabilities | $742,945 |
| Net assets without donor restrictions | $721,853 |
| Net assets with donor restrictions | $0 |
| 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 | $1,464,798 |
Grants Awarded
Over the last fiscal year, Teamwork Usa Education Corporation has awarded $38,760 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE CONSERVATORY SCHOOL NPBTHE CONSERVATORY SCHOOL NPB PURPOSE: MUSIC INSTRUCTOR | $9,995 |
BERKSHIRE ELEMENTARY SCHOOLBERKSHIRE ELEMENTARY SCHOOL PURPOSE: MUSIC INSTRUCTOR | $9,630 |
LC SWAIN MIDDLE SCHOOLLC SWAIN MIDDLE SCHOOL PURPOSE: MUSIC INSTRUCTOR | $7,960 |
NORTH GRADE ELEMENTARYNORTH GRADE ELEMENTARY PURPOSE: MUSIC INSTRUCTOR | $5,750 |
TRADEWINDS MIDDLE SCHOOLTRADEWINDS MIDDLE SCHOOL PURPOSE: MUSIC INSTRUCTOR | $5,425 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Teamwork Usa Education Corporation has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
The Mirasol Foundation Inc Palm Beach Gardens, FL PURPOSE: PROGRAM | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |