Team Management 2000 Inc.

“Vice chair barbara backous and board member gene backous are related by marriage.”

“Form 990 was reviewed in detail by finance and audit committees and distributed electronically to all other board members.”

“The executive director/ceo monitors and enforces the conflict of interest policy.”

“Board approves executive director's compensation and reviews to make sure it is in line with other organizations of similar size.”

“Financial statements available on website and upon request. Governing documents and policies provided upon request.”

“The organization restated its financial statements for the year ended december 31, 2020 to reflect the following changes to the statement of revenue: contributions increased from $0 to $1,861,261, an increase of $1,861,261. Program service revenue increased from $0 to $955,740, an increase of $955,740.”

“Program consulting: program service expenses 385,131. Management and general expenses 27,341. Fundraising expenses 0. Total expenses 412,472. Grant writing: program service expenses 2,367. Management and general expenses 168. Fundraising expenses 0. Total expenses 2,535. Professional fees: program service expenses 37,077. Management and general expenses 2,632. Fundraising expenses 0. Total expenses 39,709.”

“For fiscal year ended 12/31/2020, the organization was not changed its selection of an independent accountant.”

“Form 990, part x, assets, liabilities and net assets: the organization restated its financial statements for the year ended december 31, 2020 to reflect the following changes to the balance sheet: an increase in cash-non-interest-bearing from $50,293 to $359,083, an increase of $308,790. A decrease in pledges and grants receivable from $349,127 to $325,949, a decrease of $23,178. An increase in account receivable from $0 to $144,003, an increase of $144,003. A decrease in land, buildings & equipment from $134,873 to $92,483, a decrease of $42,390. An increase in other assets from $16,041 to $31,777, an increase of $15,736. A decrease in accounts payable and accrued expenses from $126,790 to $46,516, a decrease of $80,274. An increase in deferred revenue from $0 to $15,080, an increase of $15,080. An increase in other liabilities from $0 to $230,127, an increase of $230,127. An increase in net assets without donor restrictions from $423,544 to $661,572, an increase of $238,028.”

“The organization restated its financial statements for the year ended december 31, 2020 to reflect the following changes to the statement of functional expenses: compensation of current officers increased from $0 to $270,048, an increase of $270,048. Other salaries increased from $0 to $1,246,128, an increase of $1,246,128. Other employee benefits increased from $0 to $101,738, an increase of $101,738. Payroll taxes increased from $0 to $162,754, an increase of $162,754. Legal fees increased from $0 to $2,500, an increase of $2,500. Accounting fees increased from $0 to $27,745, an increase of $27,745. Other fees increased from $0 to $454,716, an increase of $454,716. Advertising and promotion increased from $0 to $1,229, an increase of $1,229. Office expenses increased from $0 to $114,925, an increase of $114,925. Information technology expenses increased from $0 to $5,454, an increase of $5,454. Occupancy increased from $0 to $184,468, an increase of $184,468. Travel expenses increased from $0 to $31,773, an increase of $31,773. Interest increased from $0 to $2,786, an increase of $2,786. Depreciation increased from $0 to $54,596, an increase of $54,596. Insurance increased from $0 to $29,800, a decrease of $29,800. Other expenses increased from $0 to $64,151, an increase of $64,151.”