Civic Intelligence

Team Velvet Inc

EIN 26-2167394 • 501(c)3 • Rocky Hill, NJ

Profile

To provide non-mounted equine-assisted mental health services for traumatized children ages 5-12.

PO Box 268Rocky Hill, NJ 08553

www.teamvelvet.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

27th percentile

-14%

Higher net margin than 27% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

72nd percentile

14%

Faster asset growth than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

19th percentile

-42%

Faster revenue growth than 19% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$40,852

Up $17,953 (+78%) from 2023

Liabilities

$11,220

No earlier filing loaded for comparison.

Net Assets

Up

$29,632

Up $6,733 (+29%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin27th percentile

Revenue

Up

$71,709

Up $23,098 (+48%) from 2023

Expenses

Up

$64,976

Up $6,361 (+11%) from 2023

Net Income

Up

$6,733

Up $16,737 (+167%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth72nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2021: $28,832Net Assets 2021: $28,8322021Assets 2022: $32,893Net Assets 2022: $32,8932022Assets 2023: $22,899Net Assets 2023: $22,8992023Assets 2024: $40,852Liabilities 2024: $11,220Net Assets 2024: $29,6322024

Highlighted filing

2024

Assets$40,852
Liabilities$11,220
Net Assets$29,632
Open 2024 Filing

Operations Trend

Revenue Growth19th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2021: $71,678Expenses 2021: $42,846Net Income 2021: $28,8322021Revenue 2022: $41,349Expenses 2022: $47,288Net Income 2022: -$5,9392022Revenue 2023: $48,611Expenses 2023: $58,615Net Income 2023: -$10,0042023Revenue 2024: $71,709Expenses 2024: $64,976Net Income 2024: $6,7332024

Highlighted filing

2024

Revenue$71,709
Expenses$64,976
Net Income$6,733
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$40,852
Liabilities
$11,220
Net assets
$29,632
Revenue
$71,709
Expenses
$64,976
Net income
$6,733
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$40.9$11.2$29.6$71.7$65.0$6.73
2023Detailed filing. Detailed filing data is available for this year.$22.9$22.9$48.6$58.6$10.0
2022Detailed filing. Detailed filing data is available for this year.$32.9$32.9$41.3$47.3$5.94
2021Detailed filing. Detailed filing data is available for this year.$28.8$28.8$71.7$42.8$28.8
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 15, 2025
Return Version
2024v5.1
Gross Receipts
$71,709
Mission and Program Overview

Mission

To provide non-mounted equine-assisted mental health services for traumatized children ages 5-12.

Program Services

DescriptionGrantsExpenses
As therapy partners, horses offer a special combination of resources. These horses help to improve the mental health of children.--
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan EdwardsPresidentPT$0--
Kathy PiparoDirectorPT$0--
Thomas FergusonDirectorPT$0--
Jennifer West-GavinDirector-$0--
Filing and Contact Details

Filer

Filer Name
Team Velvet Inc
EIN
26-2167394
Phone
6099244330
Address
PO Box 268, Rocky Hill, NJ 08553

Signing Officer

Name
Susan Edwards
Title
President
Signed
2025-04-15
Discuss with paid preparer
Yes

Preparer

Firm
Blue Line Tax & Accounting Services
Address
228 Milford Mount Pleasant Road, Milford, NJ 08848
Preparer
Jeffrey Yovanovich
Phone
9087773162
Supplemental Narrative

Additional Explanations

Other Expenses.1012

“Insurance $1392”

Other Assets.1

“- Beginning $802 - Ending $0”

Total Liabilities.1

“- Beginning $0 - Ending $11429”

Total Liabilities.2

“- Beginning $0 - Ending $-209”

Raw XML Appendix143 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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IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OtherAssetsTotalDetail/BOYAmt0802
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IRS990EZ/OtherExpensesTotalAmt01392
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/PrintingPublicationsPostageAmt0883
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IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt06278
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IRS990EZ/TaxImposedOnOrganizationMgrAmt00
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IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/TotalSupportAmt0275605
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Insurance $1392
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1- Beginning $802 - Ending $0
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Total Liabilities.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Total Liabilities.2
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/Filer/BusinessNameControlTxt0TEAM
ReturnHeader/Filer/EIN0262167394
ReturnHeader/Filer/PhoneNum06099244330
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ReturnHeader/ReturnTs02025-04-15T18:19:05-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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