Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Triple Threat Foundation
EIN 26-1151519 • 501(c)3 • Bala Cynwyd, PA
Profile
To serve disadvantaged young people in the Philadelphia, PA area in education, athletics and life skills.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
20.53x
Liabilities / Revenue
91st percentile
Higher debt load relative to revenue than 91% of similar nonprofits.
Net Margin
56th percentile
Higher net margin than 56% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
99th percentile
Faster asset growth than 99% of similar nonprofits.
Revenue Growth
47th percentile
Faster revenue growth than 47% of similar nonprofits.
Balance Sheet
Assets
Down$1,585
Down $1,071 (-40%) from 2022
Liabilities
Up$56,061
Up $1,521 (+2.8%) from 2022
Net Assets
Down-$54,476
Down $2,592 (-5.0%) from 2022
Revenue
Down$101,049
Down $28,838 (-22%) from 2022
Expenses
Down$103,641
Down $20,225 (-16%) from 2022
Net Income
Down-$2,592
Down $8,613 (-143%) from 2022
Trend Graphs
Filings
Most recent year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $1,585
- Liabilities
- $56,061
- Net assets
- -$54,476
- Revenue
- $101,049
- Expenses
- $103,641
- Net income
- -$2,592
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Nov 15, 2024
- Return Version
- 2023v5.1
- Gross Receipts
- $101,049
Mission and Program Overview
Mission
To serve disadvantaged young people in the Philadelphia, PA area in education, athletics and life skills.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Athletic program to help develop fundamental skills and provide exposure to college coaches for disadvantaged children. | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Shawn Gee | Director | PT | $0 | - | - |
| Joseph Meade | Director | - | $0 | - | - |
| Scott Bass | Director | - | $0 | - | - |
| Lori Dumas | Director | - | $0 | - | - |
| Raheemah Shamsid | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Triple Threat Foundation
- EIN
- 26-1151519
- Phone
- 2677840916
- Address
- 1 PRESIDENTIAL BLVD 300, BALA CYNWYD, PA 19004
Signing Officer
- Name
- Shawn Gee
- Title
- Director
- Phone
- 2677840916
- Signed
- 2024-11-15
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Berkowitz & Berkowitz CPAs LLC
- Address
- 501 Office Center Drive Suite 2, Fort Washington, PA 19034
- Preparer
- Andrea Berest
- Phone
- 2156530127
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 14
“Description: Depreciation/Amortization. Amount: 83.”
Form 990-EZ, Part I, Line 16 - Other Expenses
“Description: Travel for Teams. Amount: 7,170. Description: Tournament Fees. Amount: 32,693. Description: Uniforms. Amount: 39,850. Description: Bank Charges & Fees. Amount: 1,431. Description: Office Expenses. Amount: 662. Description: Insurance. Amount: 2,903. Description: Internet/Telephone. Amount: 1,803. Description: Interest Expense. Amount: 1,943. Description: Books & Subscriptions. Amount: 376. Total to Form 990-EZ, line 16: 88,831.”
Form 990-EZ, Part II, Line 24 - Other Assets
“Description: Other Depreciable Assets. Beg. of Year Amount: 83. End of Year Amount: 0.”
Form 990-EZ, Part II, Line 26 - Other Liabilities
“Description: Credit Card Payable. Beg. of Year Amount: 4,730. End of Year Amount: 8,177. Description: SBA Loan Payable. Beg. of Year Amount: 49,686. End of Year Amount: 47,760. Description: Accrued Payroll Taxes. Beg. of Year Amount: 124. End of Year Amount: 124.”
Raw XML Appendix170 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | TRIPLE THREAT FOUNDATION |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2677840916 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1 PRESIDENTIAL BLVD 300 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | BALA CYNWYD |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | PA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 19004 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 2573 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 1585 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 69015 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -2592 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 14727 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 2656 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 1585 |
| IRS990EZ/GrossReceiptsAmt | 0 | 101049 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -51884 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -54476 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -51884 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -54476 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 83 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 15.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Shawn Gee |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Joseph Meade |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Scott Bass |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | Lori Dumas |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | Raheemah Shamsid |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Director |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 83 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 88831 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | To serve disadvantaged young people in the Philadelphia, PA area in education, athletics and life skills. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 32034 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Athletic program to help develop fundamental skills and provide exposure to college coaches for disadvantaged children. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | PA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 54540 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 56061 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 103641 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 101049 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 69015 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 95344 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 119829 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 19139 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 155466 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 458793 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt | 0 | 32034 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt | 0 | 34543 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt | 0 | 14711 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt | 0 | 63274 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt | 0 | 35551 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt | 0 | 180113 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 638906 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 101049 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 129887 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 134540 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 82413 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 191017 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 638906 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 101049 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 129887 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 134540 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 82413 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 191017 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 638906 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description: Depreciation/Amortization. Amount: 83. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description: Travel for Teams. Amount: 7,170. Description: Tournament Fees. Amount: 32,693. Description: Uniforms. Amount: 39,850. Description: Bank Charges & Fees. Amount: 1,431. Description: Office Expenses. Amount: 662. Description: Insurance. Amount: 2,903. Description: Internet/Telephone. Amount: 1,803. Description: Interest Expense. Amount: 1,943. Description: Books & Subscriptions. Amount: 376. Total to Form 990-EZ, line 16: 88,831. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description: Other Depreciable Assets. Beg. of Year Amount: 83. End of Year Amount: 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Description: Credit Card Payable. Beg. of Year Amount: 4,730. End of Year Amount: 8,177. Description: SBA Loan Payable. Beg. of Year Amount: 49,686. End of Year Amount: 47,760. Description: Accrued Payroll Taxes. Beg. of Year Amount: 124. End of Year Amount: 124. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 14 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 16 - Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part II, Line 24 - Other Assets |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990-EZ, Part II, Line 26 - Other Liabilities |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract. |
| ReturnHeader/BuildTS | 0 | 2024-10-15 13:58:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | SHAWN GEE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2677840916 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-11-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | TRIPLE THREAT FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | TRIP |
| ReturnHeader/Filer/EIN | 0 | 261151519 |
| ReturnHeader/Filer/PhoneNum | 0 | 2677840916 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1 PRESIDENTIAL BLVD 300 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | BALA CYNWYD |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | PA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 19004 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 874224911 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Berkowitz & Berkowitz CPAs LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 501 Office Center Drive Suite 2 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Fort Washington |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 19034 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2156530127 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-11-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Andrea Berest |
| ReturnHeader/ReturnTs | 0 | 2024-11-15T15:30:11-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
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