Nonprofit · EIN 81-5229134
TEAM HYDRO FOUNDATION INC
Tax-exempt · MALVERN, PA 19355
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $133,484 | $14,429 | $119,055 | $815,072 | $0 | $815,072 |
| December 31, 2023 | 990 | $333,288 | $316,896 | $16,392 | $696,017 | $0 | $696,017 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $22,525
- Program service revenue
- $0
- Investment income
- $557
- Net income from fundraising events
- $110,402
- Other revenue
- $110,402
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,400
- Program services (functional)
- $7,527
- Fundraising (functional)
- $6,902
Balance sheet and other
- Total assets, start of year
- $696,017
- Total assets, end of year
- $815,072
- Total liabilities, end of year
- $0
- Net assets, end of year
- $815,072
- Net assets without donor restrictions
- $815,072
- Gross receipts
- $173,343
- Employees
- 0
- Volunteers
- 100
- Year formed
- 2017
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Peter Finlayson | President Trustee or director, Officer | 10 | $0 |
| Samuel Finlayson | Secretary / Treasurer Trustee or director, Officer | 10 | $0 |
| Paul Darling | Director Trustee or director | 1 | $0 |
| Frank C Damrell III | Director Trustee or director | 1 | $0 |
| Kyle Voulgaris | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Peter Finlayson | President Trustee or director, Officer | 10 | $0 |
| Samuel Finlayson | Secretary / Treasurer Trustee or director, Officer | 10 | $0 |
| Kyle Voulgaris | Director Trustee or director | 1 | $0 |
| Paul Darling | Director Trustee or director | 1 | $0 |
| Frank C Damrell III | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5 SALEM CT, MALVERN, PA 19355-9707
- Principal officer (990 for 2024)
- Peter Finlayson, 5 Salem Court, Malvern, PA 19355
- Signed the 990
- Peter Finlayson, President
- Phone
- (650) 242-6681
- Website
- www.teamhydro.org
- Return prepared by
- Foundation Group Inc
Mission
The organization provides charitable distributions to qualifying organizations whose programs include research on treatments and a cure for hydrocephalus.
Program accomplishments
- The organization provides charitable distributions to qualifying organizations whose programs include research on treatments and a cure for hydrocephalus.Expenses $7,527
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-5229134
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $815,072
- Income (IRS master file)
- $173,343
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $133,484 | $14,429 | $815,072 | XML |
| 990 | December 2023 | $333,288 | $316,896 | $696,017 | XML |
| 990 | December 2022 | $195,215 | $11,578 | $679,625 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-5229134).
Questions about TEAM HYDRO FOUNDATION INC
- What is the EIN of TEAM HYDRO FOUNDATION INC?
- The employer identification number (EIN) of TEAM HYDRO FOUNDATION INC is 81-5229134.
- Is TEAM HYDRO FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to TEAM HYDRO FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TEAM HYDRO FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TEAM HYDRO FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TEAM HYDRO FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TEAM HYDRO FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Peter Finlayson.
- Who are the officers and directors of TEAM HYDRO FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does TEAM HYDRO FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $133,484, expenses of $14,429 and total assets of $815,072 at year end.
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