TEAM Annual Reports and 990s

  • Annual Report—Fiscal Year 2007
    Increases in contributions, sales and net profit over the previous year. These increases
    were: 195% increase in contributions; sales went up by 39%; and net income rose 279%
    above last year’s.
    Why increases were realized in 2007 are:
    In 2006, our efforts were spent mostly on research projects and a decrease in time spent
    on growing sales & fulfilling orders.
    In 2007, Project research came to a close; and thus more time was spent to find
    contributions and to grow sales & donate inventory to needy missionary families.
  • Annual Report—Fiscal Year 2006
    The focus for 2006 was on the opening of a branch of T.E.A.M. in California. This is a BIG STEP forward! Our goal in this expansion is to launch a new effort to provide educational materials, products & services for the home-schooling community and Christian ministry outreaches. See catalog/Product List for 2007 at www.teamfoundation.com.
    Our services, assistance programs, sales of Christian educational materials, etc. did not show increases in comparison to 2005. Shipping/Handling services were suspended for 6-7 months; no orders were filled or taken from Dec 2005 to July 2006. Total In-Kind Goods Received & Distributed were 7,000 lbs. – down from 24,883.5 in 2005. Contributions & donations were 65% less. Missionary Service Program sales were 25% less. The Foundation has compiled with the California State requirements/statutes to register & operate as a foreign business.
  • Annual Report—Fiscal Year 2005
    This year: A major focus was placed on providing assistance to the many displaced families and children of Hurricane Katrina & Rita that came to Texas. Over $40,000 worth of donated food, clothing & other basic needs went to this cause. This means:
    a total of 24,883 lbs. of food/clothing/ children’s clothing & items were donated; equaling a ‘ton-a-month’ and reaching our projected goal for 2005.
    Additionally, our annual contributions income rose 45% this year – thanks to the help & support of concerned individuals and businesses.
  • Annual Report—Fiscal Year 2004
    In 2004, donations of In-Kind goods (Needed items like: food, staples, clothing, children’s toys & equipment, and educational materials) rose 61% over last year and totaled $38,250; these items were given to food pantries, Missions, and needy families and individuals. In addition, contributions increased by 13.5% over last year.
    Proceeds & In-Kind donations received by TEAM Foundation, this year, were channeled in large part to Relief/Assistance programs helping the needy, to Moral/Education/Music seminars to empower youth with solid Bible training to face today’s issues and social pressures, and to our ongoing “Missionary Services Program” that supplies educational/inspirational materials to missionaries and the needy.
  • Annual Report—Fiscal Year 2003
    This year’s gross sales of educational/scholastic and inspirational products reached a little more than $30,000 via our “Missionary Services Program”. Our Foundation’s charitable contributions of educational & inspirational products plus food & clothing assistance, reached $34,500!
    TEAM’s Missionary Services Program makes it possible to offer at low-cost (50-80% below retail price) or “free”, through the help of generous donors and sponsors, inspirational/educational materials, which furthers our goal to provide the training, tools & resources needed to help children grow in those values that assure a fruitful and happy life. We embrace a threefold approach to education which focuses upon the academic skills, vocational training & the development of Christian leadership.
  • Annual Report – Fiscal Year 2002
    This year’s “Missionary Services Program” showed its gross sales climbing to over $50,000; and its order desk for curriculums and supplemental items resulting in nearly $60,000 in materials provided to missionary and home-schooling families. Charitable contributions of educational/inspirational materials along with food & clothing assistance were $30,000.
  • Annual Report – Fiscal Year 2001
    This year, a major change in inventory resulted in minimal sales of educational/inspirational materials. T.E.A.M.’s “Missionary Services Program” created expands its services to handle curriculum ordering, planning and consultation. Curriculum materials & supplemental items produced by Christian Light Publications (K-12) in Virginia and Literatura Monte Sion (K-6) in Utah are greatly discounted through our “Missionary Services Program.” This year resulted in nearly $60,000 worth of materials provided to missionary and home-schooling families. Attending major Book Fairs/Conventions in Texas, sponsored by local and national home-schooling organizations, as exhibitors and to establish networking and research.
  • Annual Report – Fiscal Year 2000
    This year’s gross sales income reached almost $150,000 through our “Missionary Services Program”. This program is especially designed to help missionary organizations, or missionary and home-schooling families; we offer Christian and other educational materials free or at a minimal cost. Our charitable distribution of educational & inspirational materials reached $70,000!
  • Form 1023 (Application for Recognition of Exemption)
  • IRS Letter of Determination of Exemption – 501 (c) (3) (Most recent determination letter)