2024-01-24T14:09:55-06:00 2022-12-31 990 2022-01-01 223585539 TEAM WALKER INC C/O JERRY WALKER TEAM 2014331888 373 COMMUNIPAW AVENUE JERSEY CITY NJ 07304 JERRY WALKER PRESIDENT 2014331888 2024-01-23 JERRY WALKER XXX-XX-XXXX 0 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X JERRY WALKER 373 COMMUNIPAW AVENUE JERSEY CITY NJ 07304 1805743 0 X WWW.TEAMWALKER.ORG X 1998 NJ TO PROMOTE SOCIAL AWARENESS WHICH SHALL INCLUDE CHARITABLE ACTIVITIES TO BRING ABOUT CIVIC BETTERMENT AND SOCIAL IMPROVEMENT TO MINORITY YOUTHS. 14 13 45 13 0 0 819986 1787969 0 0 108 112 -4797 -21966 815297 1766115 11500 0 0 0 550102 683246 0 0 0 322150 406082 883752 1089328 -68455 676787 2973768 3902107 1317615 1809167 1656153 2092940 X THE ORGANIZATION WAS FORMED TO PROMOTE SOCIAL AWARENESS WHICH SHALL INCLUDE CHARITABLE ACTIVITIES TO BRING ABOUT CIVIC BETTERMENT AND SOCIAL IMPROVEMENT TO INNER-CITY MINORITY GROUPS AND TO UPLIFT AND CREATE POSITIVE ALTERNATIVES FOR THE YOUTH OF JERSEY CITY THROUGH PROGRAMS DESIGNED TO ENLIGHTEN PARTICIPANTS AND TEACH THE IMPORTANCE OF SOLID ACADEMICS, TEAMWORK, AND SPORTSMANSHIP.THE TEAM WALKER PROVIDES SAFE AND CONSTRUCTIVE ALTERNATIVES TO THE NEGATIVE INFLUENCES THAT PLAGUE INNER-CITY YOUTH. THROUGH STRUCTURED ACADEMIC AND RECREATIONAL ENVIRONMENT, THE CHILDREN LEARN HOW TO FOCUS ON TEAMWORK, RESPONSIBILITY, PERSISTENCE, AND UNITY.THE STAFF KNOWS THAT IF CHILDREN ARE PROVIDED POSITIVE ROLE MODELS, IN COMBINATION WITH A GAINED SENSE OF ACCOMPLISHMENT AND HEIGHTENED AWARENESS OF THEIR CAPABILITIES, THEY WILL SIGNIFICANTLY IMPROVE THEIR QUALITY OF LIFE. 0 0 815986 0 0 PROVIDING ACTIVITIES THAT STRENGTHEN THE PERSONAL DEVELOPMENT OF INNER-CITY YOUTH AND DEVELOPING SPORTS ACTIVITIES FOR CITY YOUTH FREE OF CHARGE.THE COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROGRAM HELPED TO DEVELOP A VACANT LAND AND BUILD A COMMUNITY FACILITY THAT NOW SERVES AS A COMMUNITY EDUCATION AND RECREATION CENTER. IT PROVIDES ACADEMIC AND ATHLETIC PROGRAMS INCLUDING LIFE SKILLS MENTORING, HEALTH AWARENESS AND HOMEWORK TUTORING FOR STUDENTS IN KINDERGARTEN THROUGH 12TH GRADE. THE 21-CENTURY PROGRAM IS DESIGNED TO SUPPLEMENT THE EDUCATION OF STUDENTS IN GRADES 3-12, WHO ATTEND SCHOOLS ELIGIBLE FOR TITLE 1 SCHOOL WIDE PROGRAMS OR SCHOOLS WHERE A MINIMUM OF 30% THE STUDENTS ARE FROM LOW-INCOME FAMILIES. THE PROGRAM AIMS TO ASSIST STUDENTS IN ATTAINING THE SKILLS NECESSARY TO MEET NEW JERSEY'S CORE CURRICULUM CONTENT STANDARDS AND COMMON CORE STANDARDS. THEREFORE, ALL 21ST CCLC PROGRAMS MUST PROVIDE STUDENTS WHO PARTICIPATE WITH ACADEMIC ENRICHMENT OPPORTUNITIES THAT COMPLEMENT THE REGULAR SCHOOL DAY. 815986 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 45 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NJ X JERRY WALKER 2014331888 373 COMMUNIPAW AVENUE JERSEY CITY NJ 07304 JEREMIAH WALKER PRESIDENT 40.00 X X 90000 0 0 LEO J ZATTA CHAIRMAN 2.00 X X 0 0 0 BRYAN FELT TRUSTEE 1.00 X 0 0 0 CARL GARGIULO TRUSTEE 1.00 X 0 0 0 CRAIG MCGRAW TRUSTEE 1.00 X 0 0 0 JARED J LIMBACH TRUSTEE 1.00 X 0 0 0 JOHN T BAIER TRUSTEE 1.00 X 0 0 0 JOSEPH HUGHES TRUSTEE 1.00 X 0 0 0 KEVIN MCMAHON TRUSTEE 1.00 X 0 0 0 PATRICK DUNNE TRUSTEE 1.00 X 0 0 0 RICHARD LOMURRO TRUSTEE 1.00 X 0 0 0 ROBERT FETTERLY TRUSTEE 1.00 X 0 0 0 ROBIN CUNNINGHAM TRUSTEE 1.00 X 0 0 0 WILLIAM TAYLOR TRUSTEE 1.00 X 0 0 0 90000 0 0 0 0 0 0 0 118599 718878 950492 6500 1787969 112 112 17340 118599 39628 -22288 -22288 OTHER INCOME 611710 322 322 322 1766115 0 0 -21854 90000 67500 22500 535847 401885 133962 57399 43049 14350 33318 20922 12396 56072 35269 20803 701 701 16392 13090 3302 321 202 119 42775 32081 10694 25664 23225 2439 58194 58194 32236 32236 50311 37733 12578 24110 18082 6028 EDUCATIONAL MATERIALS 58000 58000 MISCELLANEOUS OTHER 7988 6053 1935 1089328 815986 273342 0 489026 780650 579346 403894 10277 3292260 574697 1895119 2717563 2973768 3902107 81081 73384 20751 1215783 1735783 1317615 1809167 X 1121153 1654056 535000 438884 1656153 2092940 2973768 3902107 676787 -240000 0 X X 0 1 X 1 0 X 781975 937778 1105203 819986 1787969 5432911 781975 937778 1105203 819986 1787969 5432911 271977 5160934 266 268 180 108 112 934 20191 23274 37844 19994 17662 118965 5552810 74250 0.92940 0.93510 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 156. 2019 AMOUNT: $ 134. 2020 AMOUNT: $ 124. 2021 AMOUNT: $ 194. 2022 AMOUNT: $ 322. FUNDRAISING PROCEEDS - 2018 AMOUNT: $ 20,035. 2019 AMOUNT: $ 23,140. 2020 AMOUNT: $ 37,720. 2021 AMOUNT: $ 19,800. 2022 AMOUNT: $ 17,340. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 874000 874000 2218996 385997 1832999 60543 49979 10564 138721 138721 0 2717563 X 1805743 39628 39628 1766115 0 1766115 1368956 240000 39628 279628 1089328 0 1089328 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS. THE ORGANIZATION FOLLOWS THE ACCOUNTING PRONOUNCEMENT ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THERE WERE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE FINANCIAL STATEMENTS AT DECEMBER 31, 2022. IN ADDITION, THE ORGANIZATION HAS NO INCOME TAX RELATED PENALTIES OR INTEREST FOR THE PERIOD REPORTED IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT FUNDRAISING EXPENSES 39,628. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT FUNDRAISING EXPENSES 39,628. EVENING OF DREAMS 112200 110700 1500 15468 2980 1390 GOLF EVENT 21600 5760 15840 18290 1500 133800 116460 17340 33758 2980 2890 39628 -22288 FORM 990, PART VI, SECTION B, LINE 11B THE 990 RETURN IS REVIEWED BY BOTH THE CHAIRMAN AND THE PRESIDENT OF THE BOARD OF TRUSTEES AND SIGNED BY THE PRESIDENT. THE FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL BOARD MEMBERS TO SIGN A CONFLICT OF INTEREST POLICY STATEMENT WHEN THEY BECOME BOARD MEMBERS. INDIVIDUAL BOARD MEMBERS MUST DECLARE ANY POTENTIAL CONFLICT OF INTEREST TO THE BOARD AND, IF NECESSARY, RESIGN. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD MEMBERS DETERMINE THE COMPENSATION OF THE BOARD PRESIDENT. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE AT WWW.FOUNDATIONCENTER.ORG AND WWW.GUIDESTAR.ORG OR BY CALLING THE TEAM WALKER, INC. HEADQUARTERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH ITS WEBSITE. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. FOR CALENDAR YEAR 2022, THE ORGANIZATION HAS NOT CHANGED ITS SELECTION OF AN INDEPENDENT AUDITOR. AMENDED RETURN ADJUSTMENTS FORM 990, PART X, ASSETS, LIABILITIES AND NET ASSETS: THE ORGANIZATION RESTATED ITS FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2022 TO REFLECT THE FOLLOWING CHANGES TO THE BALANCE SHEET: AN INCREASE IN PLEDGES AND GRANTS RECEIVABLE FROM $343,938 TO $403,894, AN INCREASE OF $59,956. A DECREASE IN PREPAID EXPENSES FROM $10,000 TO $0, A DECREASE OF $10,000. A DECREASE IN LAND, BUILDINGS & EQUIPMENT FROM $2,720,593 TO $2,717,563, A DECREASE OF $3,030. AN INCREASE IN ACCOUNTS PAYABLE AND ACCRUED EXPENSES FROM $51,735 TO $73,384, AN INCREASE OF $21,649. A DECREASE IN NET ASSETS WITHOUT DONOR RESTRICTIONS FROM $1,772,663 TO $1,654,056, A DECREASE OF $118,607. AN INCREASE IN NET ASSETS WITH DONOR RESTRICTIONS FROM $295,000 TO $438,884, AN INCREASE OF $143,884. FORM 990, PART VIII, STATEMENT OF REVENUE: THE ORGANIZATION RESTATED ITS FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2022 TO REFLECT THE FOLLOWING CHANGES TO THE STATEMENT OF REVENUE: CONTRIBUTIONS INCREASED FROM $1,705,725 TO $1,787,969, AN INCREASE OF $82,244. FUNDRAISING INCOME DECREASED FROM $39,628 TO $17,340, A DECREASE OF $22,288. NET INCOME FROM FUNDRAISING EVENTS DECREASED FROM $0 TO $(22,288), A DECREASE OF $22,288. FORM 990, PART IX, STATEMENT OF FUNCTIONAL EXPENSES: THE ORGANIZATION RESTATED ITS FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2022 TO REFLECT THE FOLLOWING CHANGES TO THE STATEMENT OF FUNCTIONAL EXPENSES: OTHER SALARIES INCREASED FROM $509,198 TO $535,847, AN INCREASE OF $26,649. OTHER EMPLOYEE BENEFITS DECREASED FROM $5,000 TO $0, A DECREASE OF $5,000. OTHER FEES INCREASED FROM $55,912 TO $56,072, AN INCREASE OF $160. OFFICE EXPENSES DECREASED FROM $32,482 TO $16,392, A DECREASE OF $16,090. INFORMATION TECHNOLOGY DECREASED FROM $481 TO $321, A DECREASE OF $160. INTEREST INCREASED FROM $18,922 TO $32,236, AN INCREASE OF $13,314. DEPRECIATION DECREASED FROM $50,595 TO $50,311, A DECREASE OF $284. OTHER EXPENSES INCREASES FROM $49,898 TO $65,988 AN INCREASE OF $16,090.