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Nonprofiteer
← TEAM FOOTWORKS EDUCATIONAL & FITNESS CORPORATION

Form 990 for tax year 2022

Filed by TEAM FOOTWORKS EDUCATIONAL & FITNESS CORPORATION.

Totals

Total revenue
$2,433,603
Total expenses
$2,302,825
Contributions and grants received
$536,888
Grants paid
$140,742
Program service revenue
$1,752,919
Investment income
$62,596
Other revenue
$81,200
Total assets, end of year
$499,289
Total liabilities, end of year
$150,000
Net assets or fund balances, end of year
$349,289
Program services expenses (Part IX)
$140,742
Management and general expenses
$947,134
Fundraising expenses
$1,214,949
Program service expenses (Part III)
$140,742

Program services were 6.1% 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

    $536,888

  • 2a · Program service revenue: RACE & FITNESS EVENTS

    total $1,752,919 · related or exempt $1,752,919

  • 3 · Investment income

    total $421 · unrelated business $421

  • 7a · Gross sales of assets other than inventory

    other assets $85,268

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

    other assets $23,093

  • 7c · Gain or loss

    other assets $62,175

  • 7d · Net gain or loss

    total $62,175 · related or exempt $62,175

  • 11a · Other revenue: OTHER INCOME

    total $81,200 · unrelated business $81,200

  • 11e · Other revenue, total

    $81,200

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $140,742 · program services $140,742

  • 5 · Compensation of officers, directors and key employees

    total $98,000 · management and general $98,000

  • 7 · Other salaries and wages

    total $608,850 · management and general $608,850

  • 10 · Payroll taxes

    total $54,622 · management and general $54,622

  • 11c · Fees: accounting

    total $18,000 · management and general $18,000

  • 12 · Advertising and promotion

    total $38,552 · management and general $6,242 · fundraising $32,310

  • 13 · Office expenses

    total $1,222 · management and general $1,222

  • 14 · Information technology

    total $3,627 · management and general $3,627

  • 16 · Occupancy

    total $138,313 · management and general $68,826 · fundraising $69,487

  • 20 · Interest

    total $7,692 · management and general $7,692

  • 22 · Depreciation, depletion and amortization

    total $5,080 · management and general $2,650 · fundraising $2,430

  • 23 · Insurance

    total $38,662 · management and general $36,334 · fundraising $2,328

  • 24a · Other expenses: EQUIPMENT RENTAL

    total $357,023 · management and general $5,249 · fundraising $351,774

  • 24b · Other expenses: MARKETING CONSULTANTS

    total $209,773 · fundraising $209,773

  • 24c · Other expenses: SOUVENIER TEE-SHIRTS

    total $114,423 · fundraising $114,423

  • 24d · Other expenses: SECURITY

    total $113,815 · management and general $273 · fundraising $113,542

  • 24e · All other expenses

    total $354,429 · management and general $35,547 · fundraising $318,882

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $118,959 · end of year $43,804

  • 2 · Savings and temporary cash investments

    beginning of year $200,287 · end of year $430,748

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

    $139,981

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

    $122,926

  • 10c · Land, buildings and equipment, net

    beginning of year $41,583 · end of year $17,055

  • 15 · Other assets

    beginning of year $7,682 · end of year $7,682

  • 25 · Other liabilities

    beginning of year $150,000 · end of year $150,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $500 · end of year $500

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $218,011 · end of year $348,789

Mission and programs · 2022

Mission

THEIR MISSION IN THEIR DETAILED STATEMENT DESCRIBES THEIR CONSTANT DESIRE TO TRAIN OTHERS TO MAINTAIN GOOD HEALTH THRU THEIR LISTED PROGRAMS.THE WIDELY PUBLICIZED AND ORGANIZED RACE EVENTS WILL EDUCATE AND ILLUSTRATE TO BOTH INDIVIDUALS AND GROUPS THE BENEFITS OF HAVING A PHYSICALLY FIT AND ACTIVE LIFESTYLE WHICH IS ACHIEVED THROUGH A REGULAR PROGRAM OF JOGGING, RUNNING OR WALKING. THE ACTIVITIES INCLUDE BOTH PHYSICAL PARTICIPATION IN THE RACE EVENTS IN ADDITION TO ATTENDING CLINICS AND PROGRAMS AND READING VARIOUS MAILOUTS AND PUBLICATIONS ISSUED AND DISTRIBUTED BY THIS ORGANIZATION.

Activities or mission (Part I)

THE MISSION IS TO SUPPORT ORGANIZATIONS CURING DISEASES AND PROMOTING GOOD PHYSICAL HEALTH. THE PURPOSE OF THE ORGANIZATION IS TWOFOLD. WHILE RAISING FUNDS TO BENEFIT ORGANIZATIONS SUCH AS THE UNITED WAY, AN ORGANIZATION DEVOTED TO IMPROVING LIVES AROUND THE WORLD TO ADVANCE THE COMMON GOOD, THEY ALSO SUPPORT OTHER WORTHWHILE CHARITABLE ORGANIZATIONS SEEKING CURES FOR CANCER & OTHER MEDICAL ISSUES. SECONDLY, THIS ENTITY STRIVES TO PROMOTE GOOD HEALTH THROUGH THE PHYSICAL PARTICIPATION OF RACE EVENTS AND THE NUMEROUS CLINICS AND PROGRAMS HELD DURING THE YEAR. THE ORGANIZATION'S CONTINUOUS FUNDRAISING EVENTS REQUIRE THE HIRING OF BOTH PART-TIME AND FULL TIME EMPLOYEES AS WELL AS THE ASSISTANCE FROM OVER 600 VOLUNTEERS FROM THE LOCAL COMMUNITY AND SCHOOLS.

  • BAPTIST HEALTH SOUTH FLORIDA FOUNDATION "SEE STATEMENT SCHEDULE O"

    Expenses $50,000 · Grants $50,000 · Revenue $50,000

  • KEY CLUB HOUSE OF SOUTH FLORIDA "SEE STATEMENT SCHEDULE O"

    Expenses $25,000 · Grants $25,000 · Revenue $25,000

  • JACKSON HEALTH FOUNDATION "SEE STATEMENT SCHEDULE O"

    Expenses $19,546 · Grants $19,546 · Revenue $19,546

  • VARIOUS ORGANIZED CHARITIES PROMOTING PHYSICAL HEALTH

    Expenses $46,196 · Grants $46,196 · Revenue $1,720,548

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ralph Garcia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Karen A Plaster

    VP/TREASURER/DIRECTOR

    Total calculated
    $60,150
    From this org
    $60,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Laurie Huseby

    PRESIDENT/SEC/DIRECTOR

    Total calculated
    $0
    Hours/week
    25

  • Jonathan Malone

    DIRECTOR

    Total calculated
    $132,500
    From this org
    $132,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Wanda McCaskill

    DIRECTOR

    Total calculated
    $56,100
    From this org
    $56,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD WILL CONTINUE TO REVIEW AND APPROVE THE COMPENSATION OF KEY EMPLOYEES AND OFFICERS WHOSE ROLES IN THE COMPANY ARE ESSENTIAL TO THE CONTINUATION OF PROGRAM REVENUES AND CONTROLLING OPERATING EXPENSES RESULTING IN AN ANNUAL INCREASE OF CONTRIBUTIONS TO WORTHWHILE COMMUNITY AND HEALTH RELATED PROGRAMS. LAURIE B. HUSEBY CONTINUES AS THE PRESIDENT. HER COMPENSATION CONTINUES TO REMAIN LIMITED UNTIL THE EFFECTS OF THE GLOBAL PANDEMIC FULLY PASSES.

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

Provenance

Return type
form_990
Tax year
2022
Filed
24 July 2023
IRS schema version
2022v5.0
Source object
202312059349300426

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