Team Of Life Inc
- Assets
- $13.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Lauderdale, FL
- Founding
- 05/2002
- Data as of
- 12/2022
- EIN
- 65-0979102
Organization Overview
Team Of Life Inc is located in Fort Lauderdale, FL. The organization was established in 2002. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Of Life 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 Of Life Inc generated $52.6k 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 (4.3%) each year. All expenses for the organization totaled $47.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THROUGHOUT THE YEAR, TEAM OF LIFE PROVIDES ASSISTANCE,FOOD AND SHELTER TO APPROCIMATELY 80 CHILDREN, THEFOUNDATION IS IN THE PROCESS OF BUILDING A HOME FOR THESE CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Essie Hill Reed President | 10 | $0 | |
Samuel E Reed Vice Preside | 10 | $0 | |
Veneka Lindsey Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $52,558 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $52,558 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $10,999 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $36,635 |
| Total expenses | $47,634 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,786 |
| Other assets | $0 |
| Total assets | $13,786 |
| Total liabilities | $0 |
| Net assets or fund balances | $13,786 |