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Nonprofiteer
← TB12 FOUNDATION INC

Form 990 for tax year 2022

Filed by TB12 FOUNDATION INC.

Totals

Total revenue
$810,704
Total expenses
$424,849
Contributions and grants received
$810,696
Grants paid
$74,520
Program service revenue
$0
Investment income
$8
Other revenue
$0
Total assets, end of year
$1,274,476
Total liabilities, end of year
$61,824
Net assets or fund balances, end of year
$1,212,652
Program services expenses (Part IX)
$294,223
Management and general expenses
$69,947
Fundraising expenses
$60,679
Program service expenses (Part III)
$294,223

Program services were 69.3% 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

    $508,749

  • 1f · All other contributions, gifts and grants

    $301,947

  • 3 · Investment income

    total $8 · excluded $8

  • 8a · Fundraising events: gross income

    $86,604

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

    $508,749

  • 8b · Fundraising events: direct expenses

    $86,604

  • 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 $74,520 · program services $74,520

  • 5 · Compensation of officers, directors and key employees

    total $125,000 · program services $62,500 · management and general $31,250 · fundraising $31,250

  • 7 · Other salaries and wages

    total $9,310 · program services $4,666 · management and general $2,329 · fundraising $2,315

  • 10 · Payroll taxes

    total $10,556 · program services $5,266 · management and general $2,638 · fundraising $2,652

  • 11a · Fees: management

    total $10,225 · program services $85 · management and general $5,097 · fundraising $5,043

  • 11b · Fees: legal

    total $5,161 · program services $1,953 · management and general $2,233 · fundraising $975

  • 11c · Fees: accounting

    total $27,763 · program services $10,501 · management and general $12,011 · fundraising $5,251

  • 12 · Advertising and promotion

    total $12,053 · fundraising $12,053

  • 13 · Office expenses

    total $9,530 · program services $5,250 · management and general $4,280

  • 17 · Travel

    total $4,558 · program services $3,418 · fundraising $1,140

  • 23 · Insurance

    total $5,799 · management and general $5,799

  • 24a · Other expenses: SPORTS THERAPY SESSIONS

    total $126,064 · program services $126,064

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $2,634 · management and general $2,634

  • 24c · Other expenses: LICENSE AND FEES

    total $1,020 · management and general $1,020

  • 24d · Other expenses: BANK AND CREDIT CARD EX

    total $426 · management and general $426

  • 24e · All other expenses

    total $230 · management and general $230

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $844,490 · end of year $1,268,738

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,623 · end of year $5,738

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,316 · end of year $12,113

  • 19 · Deferred revenue

    end of year $49,711

  • 27 · Net assets without donor restrictions

    beginning of year $532,197 · end of year $817,127

  • 28 · Net assets with donor restrictions

    beginning of year $294,600 · end of year $395,525

Mission and programs · 2022

Mission

OUR MISSION IS TO EDUCATE AND INSPIRE ATHLETES TO EXCEL IN BOTH SPORTS AND LIFE. WE PROVIDE ACCESS TO ATHLETIC, REHABILITATION, AND NUTRITION RESOURCES THAT EMPOWERS THOSE AT-RISK DUE TO ECONOMIC OR HEALTH-RELATED OBSTACLES, TO REACH THEIR PERFORMANCE AND LIFE GOALS. THROUGH OUR SERVICES, WE AIM TO EDUCATE AND HELP ATHLETES IMPROVE LONGEVITY, PREVENT INJURY AND STAY ON THE FIELD, COURT, TRACK OR COURSE DOING WHAT THEY LOVE BETTER - AND FOR LONGER.

Activities or mission (Part I)

TO EDUCATE AND INSPIRE ATHLETES TO EXCEL IN BOTH SPORTS AND LIFE.

  • THE FOUNDATION SUPPORTS AT-RISK INDIVIDUALS INCLUDING HIGH SCHOOL AND COLLEGE ATHLETES AS WELL AS MILITARY SERVICE MEMBERS AND FIRST RESPONDERS THROUGH OUR SCHOLARSHIP PROGRAM BY PROVIDING INNOVATIVE HEALTH AND WELLNESS RESOURCES. THROUGH PARTNERSHIPS WITH SCHOOLS AND OTHER NONPROFIT ORGANIZATIONS WHO HAVE SIMILAR GOALS, THE FOUNDATION ALSO SUPPORTS STUDENTS WITH EDUCATIONAL AND PHYSICAL ACTIVITIES TO IMPROVE THEIR HEALTH AND WELLNESS WITH THE GOAL OF ESTABLISHING LIFELONG HEALTHY HABITS.

    Expenses $294,223 · Grants $74,520

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

Listed in Part VII

  • Alex Guerrero

    PRESIDENT/DIRECTOR

    Total calculated
    $494,419
    From this org
    $0
    From related orgs
    $494,419
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $494,419 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $494,419 related

  • Shannon Zollo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kenneth L Harvey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Thorbahn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alicia Chevalier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Glen Openshaw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ashley Gaughran

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Lisa Borges

    EXECUTIVE DIRECTOR/CLERK

    Total calculated
    $120,193
    From this org
    $120,193
    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. 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

None.

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

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

  • TAMPA BAY SPORTS COMMISSION

    $25,000

    PARTNERSHIP SUPPORTING TAMPA BAY SPORTS COMMISSION YOUTH PROGRAMS

  • PINELLAS EDUCATION FOUNDATION

    $0

    SUPPORT STUDENTS WITH EDUCATIONAL AND PHYSICAL ACTIVITIES TO IMPROVE THEIR HEALTH AND WELLNESS WITH THE GOAL OF ESTABLISHING LIFELONG HEALTHY HABITS

  • FELLOWSHIP OF CHRISTIAN ATHLETES

    $0

    SUPPORT STUDENTS WITH EDUCATIONAL AND PHYSICAL ACTIVITIES TO IMPROVE THEIR HEALTH AND WELLNESS WITH THE GOAL OF ESTABLISHING LIFELONG HEALTHY HABITS

  • BROCKTON HIGH SCHOOL

    $0

    SUPPORT STUDENTS WITH EDUCATIONAL AND PHYSICAL ACTIVITIES TO IMPROVE THEIR HEALTH AND WELLNESS WITH THE GOAL OF ESTABLISHING LIFELONG HEALTHY HABITS

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • TB12 INC

    C · SPORTS PHYSICAL THERAPY · DE

Provenance

Return type
form_990
Tax year
2022
Filed
21 August 2023
IRS schema version
2022v5.0
Source object
202312339349300401

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