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← TEAMWORK USA EDUCATION CORPORATION

Form 990 for tax year 2024

Filed by TEAMWORK USA EDUCATION CORPORATION.

What the amendment changed

Compared with the return it replaced , filed 21 May 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$333,996 changed to $88,754
Total expenses
$373,763 changed to $404,173
Contributions and grants received
$308,776 changed to $70,952
Grants paid
$289,637 changed to $375,817
Investment income
$25,220 changed to $17,802
Total assets, end of year
$1,552,357 changed to $1,437,297
Total liabilities, end of year
$719,751 changed to $801,586
Net assets or fund balances, end of year
$832,606 changed to $635,711
Program services expenses
$352,354 changed to $401,560
Management and general expenses
$2,155 changed to $1,307
Fundraising expenses
$19,254 changed to $1,306
Program service expenses (Part III)
$352,354 changed to $401,560

Listed only on the earlier return

  • Harold Oertell Resigned 6124
  • Jon Joseph Resigned 10124
  • Larry Feit Resigned 3124

Totals

Total revenue
$88,754
Total expenses
$404,173
Contributions and grants received
$70,952
Grants paid
$375,817
Program service revenue
$0
Investment income
$17,802
Other revenue
$0
Total assets, end of year
$1,437,297
Total liabilities, end of year
$801,586
Net assets or fund balances, end of year
$635,711
Program services expenses (Part IX)
$401,560
Management and general expenses
$1,307
Fundraising expenses
$1,306
Program service expenses (Part III)
$401,560

Program services were 99.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $70,952

  • 1g · Noncash contributions included above

    $8,452

  • 3 · Investment income

    total $17,868 · excluded $17,868

  • 7a · Gross sales of assets other than inventory

    securities $6,560

  • 7b · Less cost or other basis and sales expenses

    securities $6,626

  • 7c · Gain or loss

    securities -$66

  • 7d · Net gain or loss

    total -$66 · excluded -$66

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $331,165 · program services $331,165

  • 2 · Grants to domestic individuals

    total $44,652 · program services $44,652

  • 11a · Fees: management

    total $11,250 · program services $11,250

  • 11b · Fees: legal

    total $5,753 · program services $4,604 · management and general $575 · fundraising $574

  • 11c · Fees: accounting

    total $5,388 · program services $4,310 · management and general $539 · fundraising $539

  • 13 · Office expenses

    total $568 · program services $454 · management and general $57 · fundraising $57

  • 19 · Conferences, conventions and meetings

    total $268 · program services $214 · management and general $27 · fundraising $27

  • 23 · Insurance

    total $1,016 · program services $812 · management and general $102 · fundraising $102

  • 24a · Other expenses: TAXESLICENSES

    total $70 · program services $56 · management and general $7 · fundraising $7

  • 24b · Other expenses: OTHER PROGRAM EXPENSES

    total $4,043 · program services $4,043

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $35,350 · end of year $39,547

  • 2 · Savings and temporary cash investments

    beginning of year $277,257 · end of year $368,642

  • 4 · Accounts receivable

    end of year $1,400

  • 11 · Investments: publicly traded securities

    beginning of year $1,183,941 · end of year $1,018,444

  • 13 · Investments: program-related

    beginning of year $54,793 · end of year $7,297

  • 15 · Other assets

    beginning of year $1,016 · end of year $1,967

  • 17 · Accounts payable and accrued expenses

    end of year $103,295

  • 25 · Other liabilities

    beginning of year $719,751 · end of year $698,291

  • 27 · Net assets without donor restrictions

    beginning of year $832,606 · end of year $635,711

Mission and programs · 2024

Mission

TEAMWORK EDUCATION FOUNDATIONS MISSION IS TO SUPPORT THE EDUCATION OF CHILDREN AND YOUNG ADULTS, PARTICULARLY SOCIO-ECONOMICALLY CHALLENGED STUDENTS IN PALM BEACH COUNTY FLORIDA, THROUGH INSTRUMENTAL MUSIC PROGRAMS AND SCHOLARSHIP PROGRAMS.

  • OUR GOAL IS TO EDUCATE THE STUDENTS IN PALM BEACH OUNTY AND CREATE A PIPELINE FOR LOCAL TALENT TO FILL JOBS WITHIN THE COMMUNITY. TO ACHIEVE THIS, WE HAVE FORGED A PARTNERSHIP WITH PALM BEACH STATE COLLEGE, TO CREATE A COHORT OF TEAMWORK SCHOLARSHIP RECIPIENTS. THIS WILL ENABLE THESE STUDENTS TO EMBARK ON THEIR CAREERS UPON GRADUATION OR PURSUE FURTHER EDUCATION.

    Expenses $211,548 · Grants $200,000

  • SINCE 2013, TEAMWORK HAS BEEN PROVIDING MUSICAL INSTRUMENTS AND SUPPLIES TO TITLE 1 ELEMENTARY AND MIDDLE SCHOOLS INTERESTED IN IMPLEMENTING, OR HELPING TO SUSTAIN, BAND AND STRING PROGRAMS. TEAMWORK HAS PURCHASED MORE THAN 1,000 INSTRUMENTS AND CREATED KEYBOARD LABORATORIES BENEFITING MORE THAN 10,000 STUDENTS IN PALM BEACH COUNTY PUBLIC SCHOOLS. TEAMWORK ALSO PROVIDES FUNDING FOR INVALUABLE SUPPLEMENTAL INSTRUCTION BY ARTISTS IN RESIDENCE, WHO WORK WITH SMALL GROUPS OF STUDENTS.

    Expenses $138,738 · Grants $131,165

  • OUR SCHOLARSHIP PROGRAM HAS AWARDED OVER 1 MILLION DOLLARS IN COLLEGE SCHOLARSHIPS IN THE LAST 12 YEARS. TEAMWORK IS HELPING STUDENTS FROM ALL OVER PALM BEACH COUNTY OVERCOME RISK FACTORS, INCLUDING ECONOMIC BARRIERS, TO REALIZE THEIR AMBITION TO FURTHER THEIR EDUCATION.

    Expenses $51,274 · Grants $44,652

As filed on the 2024 return.

Listed in Part VII

  • Howard Guberman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    7

  • Michele Lerer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Jill Bernstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Redgy Coucke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cleve Maloon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marie Holt-Lehrhoff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Janice Hassenfeld

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ken Stein

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    2

  • Sandy Strine-Stein

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    4

  • Patti Lehrhoff

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • John Kapelewski

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Susan Chafin

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • PALM BEACH STATE COLLEGE FDN INC

    $200,000

    CAREER PATHWAY PROGRAMS

  • JEAGA MIDDLE SCHOOL

    $18,000

    MUSIC PROGRAM

  • HIGHLAND ELEMENTARY SCHOOL

    $10,000

    MUSIC PROGRAM

  • THE CONSERVATORY SCHOOL

    $9,995

    MUSIC PROGRAM

  • DWIGHT D EISENHOWER K8

    $9,750

    MUSIC PROGRAM

  • TRADEWINDS MIDDLE SCHOOL

    $9,750

    MUSIC PROGRAM

  • PALM SPRINGS MIDDLE SCHOOL

    $9,500

    MUSIC PROGRAM

  • NORTH GRADE K8

    $7,000

    MUSIC PROGRAM

  • BERKSHIRE ELEMENTARY SCHOOL

    $6,530

    MUSIC PROGRAM

  • CARVER COMMUNITY MIDDLE SCHOOL

    $6,500

    MUSIC PROGRAM

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
9 February 2026
IRS schema version
2024v5.2
Source object
202600409349301140

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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