Nonprofit · EIN 85-2799688
TEAM JOHN FOUNDATION INC
Tax-exempt · BLOOMFIELD, CT 06002
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | -$16,895 | $133,418 | -$150,313 | $28,680 | $0 | $28,680 |
| December 31, 2023 | 990 | $56,253 | $49,146 | $7,107 | $178,993 | $0 | $178,993 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,985
- Program service revenue
- $0
- Investment income
- -$82,931
- Net gain from sales of assets
- -$84,515
- Net income from fundraising events
- $64,051
- Other revenue
- $64,051
Expenses
- Grants and similar amounts paid
- $36,447
- Compensation of officers, directors and key employees
- $44,775
- Salaries, compensation and benefits (total)
- $44,775
- Professional fundraising fees
- $0
- Accounting fees
- $5,040
- Travel
- $3
- Program services (functional)
- $36,447
- Management and general (functional)
- $65,149
- Fundraising (functional)
- $31,822
Balance sheet and other
- Total assets, start of year
- $178,993
- Total assets, end of year
- $28,680
- Total liabilities, end of year
- $0
- Net assets, end of year
- $28,680
- Net assets without donor restrictions
- $28,680
- Gross receipts
- $123,175
- Employees
- 0
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 |
|---|---|---|---|
| JOHN KRAUSE | PRESIDENT Officer | 20 | $44,775 |
| TATUM TURNER | OFFICER Officer | – | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN KRAUSE | PRESIDENT Officer | – | $0 |
| TATUM TURNER | OFFICER Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 45 CLIFFMOUNT DR, BLOOMFIELD, CT 06002-2225
- Mailing address (990-N for 2021)
- 45 Cliffmount Drive, Bloomfield CT 06002
- Principal officer (990 for 2024)
- JOHN KRAUSE, 45 CLIFFMOUNT DRIVE, BLOOMFIELD, CT 06002
- Principal officer (990-N for 2021)
- John Krause, 45 Cliffmount Drive, Bloomfield CT 06002
- Signed the 990
- JOHN KRAUSE, PRESIDENT
- Phone
- (203) 464-2424
- Return prepared by
- CASTANHO FINANCIAL GROUP LLC
Mission
HELPING FAMILIES THAT FALL INTO CRISIS FROM SUDDEN LOSS OR ILLNESS OF A LOVED ONE.
Program accomplishments
- TO HELP FAMILIES THAT FALL INTO CRISIS FROM SUDDEN LOSS OR ILLNESS OF A LOVED ONE.
- TO HELP FAMILIES THAT FALL INTO CRISIS FROM SUDDEN LOSS OR ILLNESS OF A LOVED ONE.Expenses $36,447 · grants $36,447
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
- 85-2799688
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $28,680
- Income (IRS master file)
- $123,175
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | -$16,895 | $133,418 | $28,680 | XML |
| 990 | December 2023 | $56,253 | $49,146 | $178,993 | XML |
| 990 | December 2022 | $223,857 | $61,226 | $171,886 | IRS |
| 990-N for 2021 Officer: John Krause | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: John Krause | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 85-2799688).
Questions about TEAM JOHN FOUNDATION INC
- What is the EIN of TEAM JOHN FOUNDATION INC?
- The employer identification number (EIN) of TEAM JOHN FOUNDATION INC is 85-2799688.
- Is TEAM JOHN FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to TEAM JOHN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TEAM JOHN 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 JOHN 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 JOHN 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 JOHN FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names JOHN KRAUSE.
- Who are the officers and directors of TEAM JOHN FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 2 people; 1 received compensation from the organization, the highest $44,775 (JOHN KRAUSE, PRESIDENT).
- How much revenue does TEAM JOHN FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of -$16,895, expenses of $133,418 and total assets of $28,680 at year end.
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