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Nonprofiteer
← TEAM IMPACT

Form 990 for tax year 2023

Filed by TEAM IMPACT.

Totals

Total revenue
$9,560,332
Total expenses
$9,760,503
Contributions and grants received
$10,378,206
Grants paid
$73,084
Program service revenue
$0
Investment income
$94,065
Other revenue
-$911,939
Total assets, end of year
$5,272,364
Total liabilities, end of year
$718,371
Net assets or fund balances, end of year
$4,553,993
Program services expenses (Part IX)
$7,984,477
Management and general expenses
$608,671
Fundraising expenses
$1,167,355
Program service expenses (Part III)
$7,984,477

Program services were 81.8% 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.

  • 1c · Fundraising events

    $4,549,688

  • 1e · Government grants (contributions)

    $246,817

  • 1f · All other contributions, gifts and grants

    $5,581,701

  • 1g · Noncash contributions included above

    $1,318,996

  • 3 · Investment income

    total $94,065 · excluded $94,065

  • 8a · Fundraising events: gross income

    $149,050

  • 8a · Fundraising events: contributions included on line 1c

    $4,549,688

  • 8b · Fundraising events: direct expenses

    $1,077,673

  • 8c · Net income from fundraising events

    total -$928,623 · excluded -$928,623

  • 11a · Other revenue: OTHER INCOME - REFUNDS AND AMEX P

    total $16,684 · excluded $16,684

  • 11e · Other revenue, total

    $16,684

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $73,084 · program services $73,084

  • 5 · Compensation of officers, directors and key employees

    total $1,746,781 · program services $1,214,816 · management and general $84,605 · fundraising $447,360

  • 7 · Other salaries and wages

    total $3,545,905 · program services $3,036,700 · management and general $152,507 · fundraising $356,698

  • 8 · Pension plan contributions

    total $84,892 · program services $66,391 · management and general $2,491 · fundraising $16,010

  • 9 · Other employee benefits

    total $607,317 · program services $506,485 · management and general $40,191 · fundraising $60,641

  • 10 · Payroll taxes

    total $436,094 · program services $353,780 · management and general $23,950 · fundraising $58,364

  • 11b · Fees: legal

    total $1,580 · management and general $1,580

  • 11c · Fees: accounting

    total $85,385 · management and general $85,385

  • 11g · Fees: other

    total $329,963 · program services $275,457 · management and general $24,158 · fundraising $30,348

  • 12 · Advertising and promotion

    total $1,323,599 · program services $1,272,079 · management and general $7,447 · fundraising $44,073

  • 13 · Office expenses

    total $207,956 · program services $101,550 · management and general $63,826 · fundraising $42,580

  • 14 · Information technology

    total $43,257 · program services $27,974 · management and general $12,433 · fundraising $2,850

  • 16 · Occupancy

    total $273,518 · program services $222,993 · management and general $28,951 · fundraising $21,574

  • 17 · Travel

    total $235,118 · program services $155,784 · management and general $14,498 · fundraising $64,836

  • 22 · Depreciation, depletion and amortization

    total $86,962 · program services $71,309 · management and general $8,696 · fundraising $6,957

  • 23 · Insurance

    total $21,894 · program services $18,235 · management and general $1,985 · fundraising $1,674

  • 24a · Other expenses: CASE MANAGEMENT

    total $379,413 · program services $379,413

  • 24b · Other expenses: EVENTS

    total $175,583 · program services $175,583

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $52,930 · program services $32,844 · management and general $6,696 · fundraising $13,390

  • 24d · Other expenses: BAD DEBT

    total $49,272 · management and general $49,272

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,603,118 · end of year $1,115,874

  • 2 · Savings and temporary cash investments

    beginning of year $410,121 · end of year $2,287,535

  • 3 · Pledges and grants receivable

    beginning of year $825,319 · end of year $1,221,839

  • 9 · Prepaid expenses and deferred charges

    beginning of year $65,729 · end of year $166,950

  • 10a · Land, buildings and equipment: cost or other basis

    $662,118

  • 10b · Land, buildings and equipment: accumulated depreciation

    $464,596

  • 10c · Land, buildings and equipment, net

    beginning of year $284,484 · end of year $197,522

  • 11 · Investments: publicly traded securities

    end of year $30,791

  • 14 · Intangible assets

    beginning of year $501,082 · end of year $251,853

  • 17 · Accounts payable and accrued expenses

    beginning of year $395,403 · end of year $440,743

  • 25 · Other liabilities

    beginning of year $539,953 · end of year $277,628

  • 27 · Net assets without donor restrictions

    beginning of year $3,770,971 · end of year $3,863,269

  • 28 · Net assets with donor restrictions

    beginning of year $983,526 · end of year $690,724

Mission and programs · 2023

Mission

TEAM IMPACT IS THE ONLY U.S. NONPROFIT THAT TACKLES THE EMOTIONAL TRAUMA AND SOCIAL ISOLATION EXPERIENCED BY CHILDREN FACING SERIOUS AND CHRONIC ILLNESSES BY MATCHING THEM WITH A COLLEGE ATHLETIC TEAM. BECAUSE NO CHILD SHOULD BE SIDELINED BY SICKNESS.

Activities or mission (Part I)

TEAM IMPACT IS THE ONLY U.S. NONPROFIT THAT TACKLES THE EMOTIONAL TRAUMA AND SOCIAL ISOLATION EXPERIENCED BY CHILDREN FACING SERIOUS AND CHRONIC ILLNESSES BY MATCHING THEM WITH A COLLEGE ATHLETIC TEAM. OUR TWO-YEAR THERAPEUTIC PROGRAM COMPLEMENTS A CHILD'S MEDICAL TREATMENTS, ALLOWING THE CHILD TO DEVELOP RELATIONSHIPS AND SKILLS THAT HELP THEM COMPLETE THE FULL CIRCLE OF HEALING.THROUGH PARTICIPATION IN TEAM IMPACT'S CLINICALLY INFORMED PROGRAM, CHILDREN EXPERIENCE A TRUE SENSE OF BELONGING, RESULTING IN INCREASED EMPOWERMENT, NORMALIZATION, HEALTH PROMOTION, AND RESILIENCE. FAMILIES FEEL CONNECTED AND SUPPORTED AS THEIR CHILD ACHIEVES INDIVIDUALIZED GOALS, WHILE EXPERIENCING THE JOY OF TEAM CAMARADERIE AND INCLUSION; AND STUDENT ATHLETES GAIN PERSPECTIVE AND INSPIRATION, AS WELL AS LESSONS IN ADVERSITY AND RESILIENCE.

  • EXPENSES ABOVE RELATED TO THE IDENTIFICATION AND EDUCATION OF THE MEDICAL AND COLLEGE ATHLETIC COMMUNITIES ABOUT THE BENEFIT OF THE PROGRAM TO THE CHILDREN AND STUDENT ATHLETES, AS WELL AS THE PARTICIPANT CASE MANAGEMENT PROCESS. DURING 2023, TEAM IMPACT MADE 565 NEW MATCHES, WHICH ADDED 565 NEW FAMILIES TO OUR GROWING ROSTER. THESE NEW MATCHES CULMINATED IN MORE THAN 1,100 ACTIVE MATCHES IN OUR PROGRAM DURING THE 2023 CALENDAR YEAR, ALLOWING US TO REACH APPROXIMATELY 27,500 STUDENT-ATHLETES IN 2023 ALONE. FOUNDED IN 2011, TEAM IMPACT HAS MATCHED OVER 3,300 CHILDREN SINCE INCEPTION THROUGH THE END OF 2023, PARTNERING WITH MORE THAN 700 COLLEGES AND UNIVERSITIES ACROSS 50 STATES, AND IMPACTING MORE THAN 82,500 STUDENT-ATHLETES.

    Expenses $7,984,477 · Grants $73,084

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DAN WALSH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JAY CALNAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • DANIEL KRAFT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • KRISTIN GIARRUSSO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • JOSH GOLD

    DIRECTOR/CHAIR

    Total calculated
    $0
    Hours/week
    6

  • CHUCK DOYLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL JOSEPHSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • STEVEN ELLIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DENNIS BALDWIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ROBERT COUGHLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL CROWE

    DIRECTOR/CLERK

    Total calculated
    $0
    Hours/week
    4

  • SOL KUMIN

    DIRECTOR/VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • AMIT SACHDEV

    FORMER DIRECTOR (THRU APRIL 2023)

    Total calculated
    $0
    Hours/week
    2

  • MICHELE LLOYD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TRACEY BENFORD

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    6

  • DAMON EVANS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BOB DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PAM HAMLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TED PAPPENDICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ALLI TUFFUOR

    FORMER DIRECTOR (THRU APRIL 2023)

    Total calculated
    $0
    Hours/week
    2

  • MATT VERROCHI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • COLE GAHAGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ALICIA TRANEN

    FORMER DIRECTOR (THRU APRIL 2023)

    Total calculated
    $0
    Hours/week
    2

  • MARY LOU SEIDNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SETH ROSENZWEIG

    CEO/PRESIDENT

    Total calculated
    $501,306
    From this org
    $459,231
    From related orgs
    $0
    Other
    $42,075
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $309,231
    Bonus
    $150,000
    Other
    $0
    Deferred
    $9,452
    Nontaxable benefits
    $32,623
    Filer's total
    $501,306

  • CAELI ELIZABETH SULLIVAN

    NATIONAL DIRECTOR OF MARKE

    Total calculated
    $223,688
    From this org
    $207,456
    From related orgs
    $0
    Other
    $16,232
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,456
    Bonus
    $10,000
    Other
    $0
    Deferred
    $6,338
    Nontaxable benefits
    $9,894
    Filer's total
    $223,688

  • SHANNA GERSHMAN

    CHIEF REVENUE OFFICER

    Total calculated
    $244,467
    From this org
    $238,538
    From related orgs
    $0
    Other
    $5,929
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,538
    Bonus
    $35,000
    Other
    $0
    Deferred
    $2,671
    Nontaxable benefits
    $3,258
    Filer's total
    $244,467

  • RYAN IRWIN

    REGIONAL EXECUTIVE DIRECTO

    Total calculated
    $285,695
    From this org
    $250,798
    From related orgs
    $0
    Other
    $34,897
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,298
    Bonus
    $17,500
    Other
    $0
    Deferred
    $7,217
    Nontaxable benefits
    $27,680
    Filer's total
    $285,695

  • BRENDAN SULLIVAN

    CHIEF OPERATING OFFICER

    Total calculated
    $240,390
    From this org
    $206,985
    From related orgs
    $0
    Other
    $33,405
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,985
    Bonus
    $25,000
    Other
    $0
    Deferred
    $5,826
    Nontaxable benefits
    $27,579
    Filer's total
    $240,390

  • SARAH SAPIRO

    REGIONAL EXECUTIVE DIRECTO

    Total calculated
    $186,075
    From this org
    $153,914
    From related orgs
    $0
    Other
    $32,161
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,914
    Bonus
    $3,000
    Other
    $0
    Deferred
    $4,681
    Nontaxable benefits
    $27,480
    Filer's total
    $186,075

  • AMY VANRYN

    NATIONAL DIRECTOR OF PROGR

    Total calculated
    $181,389
    From this org
    $149,441
    From related orgs
    $0
    Other
    $31,948
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,441
    Bonus
    $10,000
    Other
    $0
    Deferred
    $4,515
    Nontaxable benefits
    $27,433
    Filer's total
    $181,389

  • JOSH WALKER

    REGIONAL EXECUTIVE DIRECTO

    Total calculated
    $176,054
    From this org
    $143,995
    From related orgs
    $0
    Other
    $32,059
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,995
    Bonus
    $3,000
    Other
    $0
    Deferred
    $4,589
    Nontaxable benefits
    $27,470
    Filer's total
    $176,054

  • KEVIN FLYNN

    NATIONAL DIRECTOR OF REGIO

    Total calculated
    $147,097
    From this org
    $142,012
    From related orgs
    $0
    Other
    $5,085
    Hours/week
    40

  • JENNA CAMANN

    SENIOR DIRECTOR, MARKETING

    Total calculated
    $189,225
    From this org
    $168,000
    From related orgs
    $0
    Other
    $21,225
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,000
    Bonus
    $3,000
    Other
    $0
    Deferred
    $3,426
    Nontaxable benefits
    $17,799
    Filer's total
    $189,225

  • MAURA MAHONEY AMBROSE

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $156,874
    From this org
    $125,735
    From related orgs
    $0
    Other
    $31,139
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,735
    Bonus
    $6,000
    Other
    $0
    Deferred
    $3,784
    Nontaxable benefits
    $27,355
    Filer's total
    $156,874

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
SETH ROSENZWEIG WAS PAID A $150,000 BONUS IN 2023. THE BONUS WAS DETERMINED BY THE BOARD OF DIRECTORS AND IS BASED ON OVERALL PROGRAMMATIC AND ORGANIZATIONAL GROWTH AND SUCCESSES DURING 2023. BONUS PAYMENTS FOR REMAINING KEY EMPLOYEES WERE DETERMINED BY THE CEO AND EXECUTIVE TEAM AND WERE BASED ON INDIVIDUAL PERFORMANCE AND SUCCESS AGAINST STATED GOALS IN THEIR PERFORMANCE MANAGEMENT PLAN AS WELL AS CONTRIBUTIONS TO THE ORGANIZATION'S OVERALL ACHIEVEMENTS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202413199349304261

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