Civic Intelligence

Team Pennsylvania Foundation

990 • Fiscal year 2021 • EIN 23-2876177

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 10, 2022

240 North Third Street 2nd FloorHarrisburg, PA 17101

(717) 233-1375

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.28x

Higher debt load relative to assets than 61% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

88th percentile

1.98x

Higher debt load relative to revenue than 88% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

57th percentile

16%

Higher net margin than 57% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

45th percentile

$156,534

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

39th percentile

5.8%

Faster asset growth than 39% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

4th percentile

-54%

Faster revenue growth than 4% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$13,994,370

Up $762,238 (+5.8%) from 2020

Net Assets

Up

$10,134,344

Up $1,418,040 (+16%) from 2020

Liabilities

Down

$3,860,026

Down $655,802 (-15%) from 2020

Revenue

Down

$1,952,917

Down $2,335,205 (-54%) from 2020

Expenses

Down

$1,646,614

Down $3,088,323 (-65%) from 2020

Net Income

Up

$306,303

Up $753,118 (+169%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $14,917,383Liabilities 2011: $4,898,421Net Assets 2011: $10,018,9622011Assets 2012: $15,283,527Liabilities 2012: $4,689,377Net Assets 2012: $10,594,1502012Assets 2013: $16,779,582Liabilities 2013: $6,125,887Net Assets 2013: $10,653,6952013Assets 2014: $15,761,161Liabilities 2014: $4,847,158Net Assets 2014: $10,914,0032014Assets 2015: $22,359,578Liabilities 2015: $12,989,861Net Assets 2015: $9,369,7172015Assets 2016: $22,509,009Liabilities 2016: $14,797,384Net Assets 2016: $7,711,6252016Assets 2017: $21,296,723Liabilities 2017: $12,854,543Net Assets 2017: $8,442,1802017Assets 2018: $20,662,442Liabilities 2018: $11,651,439Net Assets 2018: $9,011,0032018Assets 2019: $15,688,917Liabilities 2019: $6,603,866Net Assets 2019: $9,085,0512019Assets 2020: $13,232,132Liabilities 2020: $4,515,828Net Assets 2020: $8,716,3042020Assets 2021: $13,994,370Liabilities 2021: $3,860,026Net Assets 2021: $10,134,3442021Assets 2022: $11,532,580Liabilities 2022: $2,639,796Net Assets 2022: $8,892,7842022Assets 2023: $10,278,739Liabilities 2023: $1,842,284Net Assets 2023: $8,436,4552023Assets 2024: $10,337,036Liabilities 2024: $1,981,854Net Assets 2024: $8,355,1822024Assets 2025: $10,240,001Liabilities 2025: $2,097,791Net Assets 2025: $8,142,2102025

Highlighted filing

2021

Assets$13,994,370
Liabilities$3,860,026
Net Assets$10,134,344

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,271,400Expenses 2011: $2,907,956Net Income 2011: -$1,636,5562011Revenue 2012: $3,350,871Expenses 2012: $2,562,142Net Income 2012: $788,7292012Revenue 2013: $3,126,925Expenses 2013: $2,789,415Net Income 2013: $337,5102013Revenue 2014: $3,625,640Expenses 2014: $2,928,325Net Income 2014: $697,3152014Revenue 2015: $3,202,725Expenses 2015: $3,784,283Net Income 2015: -$581,5582015Revenue 2016: $1,884,442Expenses 2016: $2,414,330Net Income 2016: -$529,8882016Revenue 2017: $2,506,002Expenses 2017: $2,474,663Net Income 2017: $31,3392017Revenue 2018: $2,652,141Expenses 2018: $2,233,179Net Income 2018: $418,9622018Revenue 2019: $2,298,375Expenses 2019: $2,274,808Net Income 2019: $23,5672019Revenue 2020: $4,288,122Expenses 2020: $4,734,937Net Income 2020: -$446,8152020Revenue 2021: $1,952,917Expenses 2021: $1,646,614Net Income 2021: $306,3032021Revenue 2022: $2,698,188Expenses 2022: $2,843,888Net Income 2022: -$145,7002022Revenue 2023: $4,748,033Expenses 2023: $4,464,499Net Income 2023: $283,5342023Revenue 2024: $2,753,174Expenses 2024: $3,536,063Net Income 2024: -$782,8892024Revenue 2025: $3,133,534Expenses 2025: $3,939,394Net Income 2025: -$805,8602025

Highlighted filing

2021

Revenue$1,952,917
Expenses$1,646,614
Net Income$306,303
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 10, 2022
Return Version
2020v4.1
Gross Receipts
$2,297,413
Mission and Program Overview

Mission

Working together for all pennsylvanians in public-private partnership, we accelerate the commonwealth's long-term economic future

Team pennsylvania foundation is a dynamic, public/private partnership that initiates and supports innovative programs to improve pennsylvania's competitiveness and economic prosperity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,837,524$7,032,337▲ $1,194,813
Savings and Temporary Cash Investments$6,228,797$5,734,597▼ $494,200
Investments Other Securities$810,121$710,121▼ $100,000
Pledges and Grants Receivable$266,557$279,544▲ $12,987
Accounts Receivable$14,225$189,676▲ $175,451
Prepaid Expenses and Deferred Charges$35,720$24,868▼ $10,852
Land, Buildings, and Equipment, Net$34,210$18,249▼ $15,961
Total Assets$13,232,132$13,994,370▲ $762,238
Other Assets Total$4,978$4,978→ $0
Liabilities
Other Liabilities$3,799,373$3,167,189▼ $632,184
Accounts Payable and Accrued Expenses$205,518$386,840▲ $181,322
Deferred Revenue$510,937$305,997▼ $204,940
Total Liabilities$4,515,828$3,860,026▼ $655,802
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,211,243$8,466,180▲ $1,254,937
Net Assets With Donor Restrictions$1,505,061$1,668,164▲ $163,103
Total Net Assets Fund Balance$8,716,304$10,134,344▲ $1,418,040
Total Liabilities and Net Assets / Fund Balance$13,232,132$13,994,370▲ $762,238

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$13,020$71,881$84,901
Other Land Buildings$5,229$12,931$18,160
Other Securities$710,121--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$5,937,524-▲ $1,320,252$225,439$7,032,337
2019$6,084,224-▲ $73,491$220,191$5,937,524
2018$6,043,414-▲ $256,377$215,567$6,084,224
2017$5,905,197-▲ $349,717$211,500$6,043,414
2016$5,434,349-▲ $677,848$207,000$5,905,197
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ryan UngerPresident & CEOFT$143,875$12,659$156,534

Highest Paid Contractors

ContractorServicesLocationCompensation
Red House CommunicationsConsulting Services1908 SARAH STREET, Pittsburgh, PA 15203$940,265
Revenue and Support

Revenue Composition

Contributions and Grants
$1,073,347
Program Service Revenue
$598,913
Investment Income
$269,962
Other Revenue
$10,695
All Other Contributions
$950,342
Change in Net Assets
$306,303

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,929,880
Revenue Not Reported on Financial Statements
$23,037
Revenue Not Reported on Form 990
$1,265,471
Total Revenue per Audited Statements
$3,195,351
Total Revenue per Form 990
$1,952,917
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,040,337
Salaries, Compensation, and Employee Benefits$606,277
Total Fundraising Expense$90,616
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$496,679$18,453-$515,132
Other Salaries and Wages$215,118$84,598$39,985$339,701
Current Officers, Directors, Trustees, and Key Employees$100,891$39,676$18,752$159,319
Office Expenses$99,991$8,252$7,106$115,349
Occupancy$48,044$17,489$9,611$75,144
Advertising$68,777$1,718-$70,495
Payroll Taxes$31,073$12,758$6,070$49,901
Other Employee Benefits$28,081$11,043$5,219$44,343
Fees for Services Management-$33,930-$33,930
Fees for Service Investment Mgmnt Fees-$23,037-$23,037
Depreciation Depletion$11,661$3,323$977$15,961
Other Expenses$6,439$7,431-$13,870
Information Technology$6,143$6,160$1,364$13,667
All Other Expenses$8,599$5,027-$13,626
Fees for Services Accounting-$13,500-$13,500
Pension Plan Contributions$8,240$3,241$1,532$13,013
Insurance-$10,168-$10,168
Fees for Services Legal$1,442--$1,442
Conferences and Meetings$383$372-$755
Travel$487$106-$593
Total Functional Expenses$1,201,241$354,757$90,616$1,646,614

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,777,311
Total Expenses per Form 990$1,646,614
Expenses per Audited Statements$1,623,577
Expenses Not Reported on Form 990$153,734
Expenses Not Reported on Financial Statements$23,037
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Current Officer of the Organization (cfo)John Packer Is an Owner of the Management Company, Insight Partners, Which Provides Contracted CFO Services.No$33,930
-Current Director of the OrganizationBrian Jackson Is a Member of the Law Firm of Mcnees Wallace & Nurick LLC Who Provides Legal Services to the OrganizationNo$4,226
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Commonwealth of Pennsylvania$2,282,467
Due to Fiduciary Parties$884,722
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The chief financial officer has organization and management authority, but is a contracted indvidual working via a private consulting firm.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed first with the audit committee and then the executive committee. Following these steps, it is made electronically available to the board of directors for its review. The board is given a 15-day question/comment period prior to filing the 990.

Form 990, Part VI, Section B, Line 12C

All board members and employees are required to annually sign a statement that discloses any actual or potential conflicts of interest. All statements are provided to the audit committee chairperson and board co-chairpersons. If these parties determine that a conflict interest exists, they shall refer the matter to the executive committee for ultimate action. Furthermore, this process is followed whenever potential conflicts of interest arise during the year. A director or employee who is deemed to have a conflict of interest shall be disqualified from participating in the portion of any meeting of the board of directors or committees of the board that are intended to review and act upon the proposed contract or transaction. As such, he/she shall not vote, nor be present at the time of the vote, on such contracts or transactions.

Form 990, Part VI, Section B, Line 15

The president/ceo's salary is reviewed annually by the personnel committee who then communicates its compensation recommendations to the executive committee for its action on that recommendation. One resource the personnel committee utilizes to review and set the president/ceo's salary is data from guidestar's "compensation report." the foundation's compensation committee also reviews compensation for all staff.

Form 990, Part VI, Section C, Line 19

Team pa makes available to the public the annual financial statements and form 990 via the website at http://teampa.com/about/fianncial/. The conflict of interest policy and bylaws are available upon request.

Filing and Contact Details

Filer

Filer Name
Team Pennsylvania Foundation
EIN
23-2876177
Phone
7172331375
Address
240 NORTH THIRD STREET 2ND FLOOR, HARRISBURG, PA 17101

Signing Officer

Name
Abby Smith
Title
President & CEO
Phone
7172331375
Signed
2022-01-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Abby Smith
Formed
1997
Legal Domicile
Pa
Voting Board Members
52
Independent Board Members
52
Employees
10
Volunteers
72

Preparer

Firm
Boyer & Ritter LLC
Address
211 HOUSE AVENUE, CAMP HILL, PA 17011
Preparer
David J Manbeck CPA
Phone
7177617210
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting fees: program service expenses 496,679. Management and general expenses 12,045. Fundraising expenses 0. Total expenses 508,724. Payroll service fees: program service expenses 0. Management and general expenses 6,408. Fundraising expenses 0. Total expenses 6,408.

Form 990, Part XII, Line 2C

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The foundation is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code and applicable state regulations. In addition, the foundation qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as a foundation other than a private foundation under section 509(a)(2). Management has assessed the foundation's exposure to income taxes at the entity level as a result of uncertain tax positions taken in current and previously filed tax returns. Examples of uncertain tax positions taken at the entity level include the continuing validity of the foundation's exempt status and the prospect of being subject to the filing requirement for unrelated business income. Presently, management believes that it is more likely than not that the foundation's tax position will be sustained upon examination, including any appeals and litigation, such that the foundation has no exposure to income tax liabilities arising from uncertain tax positions. The foundation is subject to routine audits by taxing jurisdictions; however, no audits for any tax periods are currently in progress. The foundation may be subject to tax on unrelated business income.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Employee retention tax credit 153,734.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Employee retention tax credit 153,734.

Raw XML AppendixShowing 400 of 919 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm1PEDRO ANES
IRS990/Form990PartVIISectionAGrp/PersonNm2ANTHONY BARTOLOMEO
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID BLACK
IRS990/Form990PartVIISectionAGrp/PersonNm4HON JOHN BLAKE
IRS990/Form990PartVIISectionAGrp/PersonNm5SHEILAH BORNE
IRS990/Form990PartVIISectionAGrp/PersonNm6HEATHER CHANDLER
IRS990/Form990PartVIISectionAGrp/PersonNm7HON DENNIS DAVIN
IRS990/Form990PartVIISectionAGrp/PersonNm8DAVID DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm9VINCE DELIE JR
IRS990/Form990PartVIISectionAGrp/PersonNm10LISA DELL'ALBA
IRS990/Form990PartVIISectionAGrp/PersonNm11JOE FITZPATRICK JR
IRS990/Form990PartVIISectionAGrp/PersonNm12HON MATT GABLER
IRS990/Form990PartVIISectionAGrp/PersonNm13BRUCE HEUGEL
IRS990/Form990PartVIISectionAGrp/PersonNm14BRIAN JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm15FARNAM JAHANIAN
IRS990/Form990PartVIISectionAGrp/PersonNm16CURTIS JUNGE
IRS990/Form990PartVIISectionAGrp/PersonNm17BOBBI KILMER
IRS990/Form990PartVIISectionAGrp/PersonNm18HON PATTY KIM
IRS990/Form990PartVIISectionAGrp/PersonNm19KEN MASH
IRS990/Form990PartVIISectionAGrp/PersonNm20SHANNON MASSEY
IRS990/Form990PartVIISectionAGrp/PersonNm21HILARY MERCER
IRS990/Form990PartVIISectionAGrp/PersonNm22MICHAEL GRIGALONIS
IRS990/Form990PartVIISectionAGrp/PersonNm23LINDA MOSS
IRS990/Form990PartVIISectionAGrp/PersonNm24MORGAN O'BRIEN
IRS990/Form990PartVIISectionAGrp/PersonNm25HON GERARD OLEKSIAK
IRS990/Form990PartVIISectionAGrp/PersonNm26HON RUSSELL REDDING
IRS990/Form990PartVIISectionAGrp/PersonNm27JAY RIDDER
IRS990/Form990PartVIISectionAGrp/PersonNm28JULIAN RITCHEY
IRS990/Form990PartVIISectionAGrp/PersonNm29HON PEDRO RIVERA
IRS990/Form990PartVIISectionAGrp/PersonNm30DOUG ROHRBAUGH
IRS990/Form990PartVIISectionAGrp/PersonNm31SCOTT SECHLER
IRS990/Form990PartVIISectionAGrp/PersonNm32MELISSA SHAFER
IRS990/Form990PartVIISectionAGrp/PersonNm33DON SIEGEL
IRS990/Form990PartVIISectionAGrp/PersonNm34ART STEPHENS
IRS990/Form990PartVIISectionAGrp/PersonNm35STEPHEN S TANG PHD
IRS990/Form990PartVIISectionAGrp/PersonNm36DIONNE WALLACE OAKLEY
IRS990/Form990PartVIISectionAGrp/PersonNm37MICHAEL WALTON
IRS990/Form990PartVIISectionAGrp/PersonNm38HON TOM WOLF
IRS990/Form990PartVIISectionAGrp/PersonNm39ERIC WOLFE
IRS990/Form990PartVIISectionAGrp/PersonNm40SUSAN YEE
IRS990/Form990PartVIISectionAGrp/PersonNm41HON VALERIE GAYDOS
IRS990/Form990PartVIISectionAGrp/PersonNm42JENNIFER BERRIER
IRS990/Form990PartVIISectionAGrp/PersonNm43NOE ORTEGA
IRS990/Form990PartVIISectionAGrp/PersonNm44KATHLEEN BRUNNER
IRS990/Form990PartVIISectionAGrp/PersonNm45EDWIN HILL JR
IRS990/Form990PartVIISectionAGrp/PersonNm46JAMIE MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm47GREG QUANDEL
IRS990/Form990PartVIISectionAGrp/PersonNm48CHARLES SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm49KARLA TROTMAN
IRS990/Form990PartVIISectionAGrp/PersonNm50TIFFANY WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm51PATRICK WITMER
IRS990/Form990PartVIISectionAGrp/PersonNm52RYAN UNGER
IRS990/Form990PartVIISectionAGrp/PersonNm53JOHN PACKER
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt410
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt420
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$10.2$2.10$8.14$3.13$3.94$0.81
2024Detailed filing. Detailed filing data is available for this year.$10.3$1.98$8.36$2.75$3.54$0.78
2023Detailed filing. Detailed filing data is available for this year.$10.3$1.84$8.44$4.75$4.46$0.28
2022Detailed filing. Detailed filing data is available for this year.$11.5$2.64$8.89$2.70$2.84$0.15
2021Detailed filing. Detailed filing data is available for this year.$14.0$3.86$10.1$1.95$1.65$0.31
2020Detailed filing. Detailed filing data is available for this year.$13.2$4.52$8.72$4.29$4.73$0.45
2019Detailed filing. Detailed filing data is available for this year.$15.7$6.60$9.09$2.30$2.27$0.02
2018Detailed filing. Detailed filing data is available for this year.$20.7$11.7$9.01$2.65$2.23$0.42
2017Detailed filing. Detailed filing data is available for this year.$21.3$12.9$8.44$2.51$2.47$0.03
2016Detailed filing. Detailed filing data is available for this year.$22.5$14.8$7.71$1.88$2.41$0.53
2015Detailed filing. Detailed filing data is available for this year.$22.4$13.0$9.37$3.20$3.78$0.58
2014Detailed filing. Detailed filing data is available for this year.$15.8$4.85$10.9$3.63$2.93$0.70
2013Summary only. Only limited summary data is available for this year.$16.8$6.13$10.7$3.13$2.79$0.34
2012Summary only. Only limited summary data is available for this year.$15.3$4.69$10.6$3.35$2.56$0.79
2011Summary only. Only limited summary data is available for this year.$14.9$4.90$10.0$1.27$2.91$1.64