Teamfund Inc
- Assets
- $11.5m
- Revenue
- $327.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Reston, VA
- Founding
- 08/2015
- Data as of
- 12/2021
- EIN
- 47-4405261
Organization Overview
Teamfund Inc is located in Reston, VA. The organization was established in 2015. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teamfund 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 12/2021, Teamfund Inc generated $327.7k 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 (31.1%) each year. All expenses for the organization totaled $656.6k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE APPROP. MEDTECH FOR UNDERSERVED/LOW-RESOURCE GLOBAL HEALTHCARE SETTINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMMATIC EFFORTS OF THE CHARITY FOCUSED ON RESEARCHING THE PRESSING HEALTH NEEDS OF UNDERSERVED, LOW RESOURCE POPULATIONS, AND ATTEMPTING TO IDENTIFY AFFORDABLE AND APPROPRIATE MEDICAL TECHNOLOGY SOLUTIONS THAT MIGHT EFFECTIVELY ADDRESS THOSE PRESSING HEALTH NEEDS. ATTENTION IN BOTH RESEARCH AND OUTREACH HAS BEEN ON DISEASE BURDENS AFFLICTING LOW RESOURCE, UNDERSERVED POPULATIONS PRIMARILY IN INDIA AND SUB-SAHARAN AFRICA (E.G., DIABETES, GESTATIONAL DIABETES, CERVICAL CANCER), AND IDENTIFYING INNOVATIVE, SUSTAINABLE AND SCALABLE MEDICAL TECHNOLOGY SOLUTIONS ADDRESSING THOSE DISEASE BURDENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yousuf Mazhar Managing Partner | Officer | 28 | $292,703 |
Christopher Haynes Senior Associate | 31 | $109,972 | |
Timothy M Ring Treasurer | OfficerTrustee | 37 | $0 |
Kathryn L Gleason Secretary | OfficerTrustee | 37 | $0 |
Gbenga Ogedegbe Director | Trustee | 2 | $0 |
Kristoffer Gandrup-Marino Director | Trustee | 2 | $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 | $260,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $260,000 |
| Total Program Service Revenue | $0 |
| Investment income | $67,685 |
| 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 | $327,685 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $50,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $369,444 |
| Compensation of current officers, directors, key employees. | $31,403 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,184 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,580 |
| Payroll taxes | $19,744 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $57,118 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,723 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $6,959 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,651 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,218 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $656,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,254 |
| Savings and temporary cash investments | $1,687,412 |
| Pledges and grants receivable | $5,000 |
| 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 | $25,379 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,520,963 |
| Investments—other securities | $0 |
| Investments—program-related | $4,888,188 |
| Intangible assets | $0 |
| Other assets | $300,000 |
| Total assets | $11,545,196 |
| Accounts payable and accrued expenses | $182,952 |
| 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 | $182,952 |
| Net assets without donor restrictions | $8,375,953 |
| Net assets with donor restrictions | $2,986,291 |
| 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 | $11,545,196 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Teamfund Inc has recieved totaling $2,050,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $2,000,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Carolina Medical Society Employee Benefit Trust Raleigh, NC | $37,037,700 | $53,921,759 |
Florida Laborers Health Fund Goodlettsville, TN | $21,527,387 | $8,809,889 |
District Of Columbia Primary Care Association Washington, DC | $3,588,811 | $8,549,433 |
National Organization Of Life And Health Insurance Guaranty Assocs Herndon, VA | $20,054,477 | $6,345,188 |
Leap Frog Group Washington, DC | $7,897,278 | $6,979,738 |
West Tennessee Healthcare Foundation Jackson, TN | $50,344,324 | $8,274,920 |
Pqa Inc Alexandria, VA | $9,185,809 | $6,455,435 |
National Medical Fellowships Inc alexandria, VA | $7,616,684 | $5,946,697 |
National Automobile Dealers Association Health Benefit Plan Tysons, VA | $274,352 | $3,896,581 |
Life And Health Insurance Foundation For Education Arlington, VA | $4,929,760 | $3,872,608 |
Carolina-Virginia Ufcw & Employers Health Benefit Fund Norfolk, VA | $753,587 | $3,174,906 |
Connectvirginia Hie Inc Richmond, VA | $1 | $1,030,812 |