Nonprofit · EIN 88-1985456
GROWTH TEAMS INC
Tax-exempt · CLAYMONT, DE 19703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $847,562 | $338,491 | $509,071 | $683,698 | $0 | $683,698 |
| December 31, 2024 | 990 | $305,982 | $353,197 | -$47,215 | $151,124 | $0 | $151,124 |
| December 31, 2023 | 990-EZ | $50,568 | $158,745 | -$108,177 | $197,802 | $0 | $197,802 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $605,672
- Program service revenue
- $234,531
- Investment income
- $6,463
- Other revenue
- $896
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $155,664
- Other salaries and wages
- $118,802
- Salaries, compensation and benefits (total)
- $286,374
- Professional fundraising fees
- $0
- Travel
- $17,989
- Program services (functional)
- $334,295
- Management and general (functional)
- $4,196
Balance sheet and other
- Total assets, start of year
- $151,124
- Total assets, end of year
- $683,698
- Total liabilities, end of year
- $0
- Net assets, end of year
- $683,698
- Net assets without donor restrictions
- $683,698
- Gross receipts
- $847,562
- Employees
- 2
- Volunteers
- 5
- Year formed
- 2022
- State of legal domicile
- DE
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARTIK AKILESWARAN | PRESIDENT AND SECRETARY Trustee or director, Officer | 40 | $77,832 |
| JONATHAN MAZUMDAR | VICE PRESIDENT AND TREASURER Trustee or director, Officer | 40 | $77,832 |
| SACHIN GATHANI | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARTIK AKILESWARAN | PRESIDENT AND SECRETARY Trustee or director, Officer | 40 | $68,450 |
| JONATHAN MAZUMDAR | VICE PRESIDENT AND TREASURER Trustee or director, Officer | 40 | $68,294 |
| SACHIN GATHANI | BOARD MEMBER Trustee or director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARTIK AKILESWARAN | PRESIDENT AND SECRETARY | 40 | $52,488 |
| JONATHAN MAZUMDAR | VICE PRESIDENT AND TREASURER | 40 | $51,976 |
| JONATHAN SAID | BOARD MEMBER | 5 | $28,182 |
Address and contacts
- Address (IRS master file)
- 2093 PHILADELPHIA PIKE 6520, CLAYMONT, DE 19703-2424
- Principal officer (990 for 2025)
- JONATHAN MAZUMDAR, 2093 PHILADELPHIA PIKE 6520, CLAYMONT, DE 19703
- Signed the 990
- JONATHAN MAZUMDAR, VICE PRESIDENT
- Phone
- (585) 209-9062
- Website
- WWW.GROWTH-TEAMS.ORG
- Return prepared by
- EASY OFFICE DBA JITASA
Mission
TO FACILITATE GOVERNMENTS TO PROBLEM SOLVE FOR ECONOMIC GROWTH, TO SUPPORT DEVELOPING COUNTRY GOVERNMENTS TO TRANSLATE ON-PAPER RESEARCH AND POLICY IDEAS INTO REAL ACTION.
Program accomplishments
- ACCELERATING ECONOMIC GROWTH IN TANZANIA - IN TANZANIA, GROWTH TEAMS SUPPORTED THE PLANNING COMMISSION AND THE TANZANIA INVESTMENT CENTRE TO DESIGN STRATEGIES AND TAKE ACTIONS THAT DRIVE JOB CREATION AND ECONOMIC GROWTH. IN 2024, THIS WORK FOCUSED ON INPUTS TO THE NATIONAL DEVELOPMENT STRATEGY, SECTOR PRIORITIZATION AND INVESTMENT ATTRACTION.Expenses $87,742 · revenue $160,597
- OTHER PROGRAMSExpenses $246,553 · revenue $73,934
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 88-1985456
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q30)
- Assets (IRS master file)
- $683,698
- Income (IRS master file)
- $847,562
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $847,562 | $338,491 | $683,698 | XML |
| 990 | December 2024 | $305,982 | $353,197 | $151,124 | XML |
| 990-EZ | December 2023 | $50,568 | $158,745 | $197,802 | XML |
| 990 | December 2022 | $356,898 | $50,919 | $305,979 | 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 88-1985456).
Questions about GROWTH TEAMS INC
- What is the EIN of GROWTH TEAMS INC?
- The employer identification number (EIN) of GROWTH TEAMS INC is 88-1985456.
- Is GROWTH TEAMS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to GROWTH TEAMS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GROWTH TEAMS 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 GROWTH TEAMS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GROWTH TEAMS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of GROWTH TEAMS INC?
- The 990 for the year ended December 31, 2025 names JONATHAN MAZUMDAR.
- Who are the officers and directors of GROWTH TEAMS INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 2 received compensation from the organization, the highest $77,832 (KARTIK AKILESWARAN, PRESIDENT AND SECRETARY).
- How much revenue does GROWTH TEAMS INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $847,562, expenses of $338,491 and total assets of $683,698 at year end.
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All nonprofits in CLAYMONT · Delaware · International, foreign affairs and national security