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Nonprofiteer
← TEAM4TECH FOUNDATION

Form 990 for tax year 2023

Filed by TEAM4TECH FOUNDATION.

Totals

Total revenue
$4,234,465
Total expenses
$2,797,188
Contributions and grants received
$4,065,524
Grants paid
$580,409
Program service revenue
$0
Investment income
$1,045
Other revenue
$167,896
Total assets, end of year
$2,736,692
Total liabilities, end of year
$42,549
Net assets or fund balances, end of year
$2,694,143
Program services expenses (Part IX)
$2,299,426
Management and general expenses
$249,391
Fundraising expenses
$248,371
Program service expenses (Part III)
$2,299,426

Program services were 82.2% 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

    $9,000

  • 1f · All other contributions, gifts and grants

    $4,056,524

  • 1g · Noncash contributions included above

    $525,267

  • 3 · Investment income

    total $1,167 · excluded $1,167

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

    securities $122

  • 7c · Gain or loss

    securities -$122

  • 7d · Net gain or loss

    total -$122 · excluded -$122

  • 8a · Fundraising events: gross income

    $222,635

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

    $9,000

  • 8b · Fundraising events: direct expenses

    $54,739

  • 8c · Net income from fundraising events

    total $167,896 · excluded $167,896

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $210,000 · program services $210,000

  • 3 · Grants to foreign organizations and individuals

    total $370,409 · program services $370,409

  • 7 · Other salaries and wages

    total $1,267,202 · program services $957,545 · management and general $117,768 · fundraising $191,889

  • 9 · Other employee benefits

    total $1,508 · program services $1,140 · management and general $140 · fundraising $228

  • 10 · Payroll taxes

    total $101,975 · program services $77,056 · management and general $9,477 · fundraising $15,442

  • 11b · Fees: legal

    total $14,825 · program services $13,705 · management and general $704 · fundraising $416

  • 11c · Fees: accounting

    total $69,402 · management and general $69,402

  • 11g · Fees: other

    total $329,010 · program services $295,874 · management and general $10,070 · fundraising $23,066

  • 12 · Advertising and promotion

    total $29,045 · program services $18,604 · management and general $9,488 · fundraising $953

  • 13 · Office expenses

    total $45,041 · program services $45,041

  • 14 · Information technology

    total $81,668 · program services $44,022 · management and general $26,904 · fundraising $10,742

  • 17 · Travel

    total $214,529 · program services $208,512 · management and general $2,057 · fundraising $3,960

  • 19 · Conferences, conventions and meetings

    total $10,335 · program services $10,335

  • 20 · Interest

    total $9,991 · program services $9,327 · management and general $413 · fundraising $251

  • 23 · Insurance

    total $13,155 · program services $10,856 · management and general $1,706 · fundraising $593

  • 24a · Other expenses: OTHER EXPENSES

    total $29,093 · program services $27,000 · management and general $1,262 · fundraising $831

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,093,732 · end of year $1,931,103

  • 2 · Savings and temporary cash investments

    end of year $77

  • 3 · Pledges and grants receivable

    beginning of year $75,526 · end of year $659,367

  • 4 · Accounts receivable

    beginning of year $130,028 · end of year $53,650

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,717 · end of year $65,391

  • 15 · Other assets

    beginning of year $36,022 · end of year $27,104

  • 17 · Accounts payable and accrued expenses

    beginning of year $97,098 · end of year $35,049

  • 19 · Deferred revenue

    beginning of year $12,000 · end of year $7,500

  • 27 · Net assets without donor restrictions

    beginning of year $812,749 · end of year $879,174

  • 28 · Net assets with donor restrictions

    beginning of year $453,178 · end of year $1,814,969

Mission and programs · 2023

Mission

IMPROVING EDUCATION IN DEVELOPING COUNTRIES THROUGH INNOVATIVE TECHNOLOGY SOLUTIONS. ACTING AS A CATALYST FOR CHANGE BY MATCHING TECH INDUSTRY PROFESSIONALS, PRODUCTS AND RESOURCES WITH ACCREDITED NON-PROFIT PROJECTS THAT AIM TO MAKE A DIFFERENCE IN THE QUALITY OF EDUCATION AROUND THE GLOBE.

  • IN FY23-24, TEAM4TECH DEPLOYED 272 VOLUNTEERS ON 23 PROJECTS IN 20 COUNTRIES (GHANA, BRAZIL, NIGERIA, CAMBODIA, MALAWI, KENYA, COLOMBIA, PARAGUAY, UNITED KINGDOM, SOUTH AFRICA, INDIA, GUATEMALA, KENYA, NICARAGUA, FRANCE, MEXICO, RWANDA, TANZANIA, VIETNAM, AND UGANDA) DIRECTLY BENEFITING THOUSANDS OF TEACHERS AND STUDENTS.

    Expenses $2,299,426 · Grants $580,409

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

Listed in Part VII

  • Julie Clugage

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40

  • Lila Ibrahim

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1.25

  • John Solomon

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Joseph Eng

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Diane Honda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Paul Kim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Paula Mariwala

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Jennifer Cotter Otieno

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Vikas Pota

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Srilatha Raghavan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

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

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

Provenance

Return type
form_990
Tax year
2023
Filed
21 March 2025
IRS schema version
2023v6.0
Source object
202510839349300106

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

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