Civic Intelligence

Team Guts Inc

990 • Fiscal year 2022 • EIN 46-1756544

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 07, 2023

18122 Buckingham AvenueBeverly Hills, MI 48025

(248) 701-3067

Siviq Scores

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

Liabilities / Assets

88th percentile

0.38x

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

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

Liabilities / Revenue

96th percentile

1.45x

Higher debt load relative to revenue than 96% of similar nonprofits.

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

Net Margin

61st percentile

12%

Higher net margin than 61% of similar nonprofits.

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

Top Officer Pay

86th percentile

$25,000

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 29.0% of source-year revenue.

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

Asset Growth

54th percentile

3.3%

Faster asset growth than 54% of similar nonprofits.

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

Revenue Growth

55th percentile

16%

Faster revenue growth than 55% of similar nonprofits.

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

Assets

Up

$325,272

Up $10,482 (+3.3%) from 2021

Net Assets

Up

$200,172

Up $10,482 (+5.5%) from 2021

Liabilities

Flat

$125,100

Flat from 2021

Revenue

Up

$86,250

Up $11,594 (+16%) from 2021

Expenses

Up

$75,768

Up $20,178 (+36%) from 2021

Net Income

Down

$10,482

Down $8,584 (-45%) from 2021

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2018: $76,926Liabilities 2018: $0Net Assets 2018: $76,9262018Assets 2019: $142,484Liabilities 2019: $0Net Assets 2019: $142,4842019Assets 2020: $200,324Liabilities 2020: $29,700Net Assets 2020: $170,6242020Assets 2021: $314,790Liabilities 2021: $125,100Net Assets 2021: $189,6902021Assets 2022: $325,272Liabilities 2022: $125,100Net Assets 2022: $200,1722022Assets 2023: $311,231Liabilities 2023: $125,100Net Assets 2023: $186,1312023Assets 2024: $321,818Liabilities 2024: $122,112Net Assets 2024: $199,7062024

Highlighted filing

2022

Assets$325,272
Liabilities$125,100
Net Assets$200,172

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2018: $76,665Expenses 2018: $62,031Net Income 2018: $14,6342018Revenue 2019: $148,109Expenses 2019: $82,551Net Income 2019: $65,5582019Revenue 2020: $97,971Expenses 2020: $69,831Net Income 2020: $28,1402020Revenue 2021: $74,656Expenses 2021: $55,590Net Income 2021: $19,0662021Revenue 2022: $86,250Expenses 2022: $75,768Net Income 2022: $10,4822022Revenue 2023: $128,413Expenses 2023: $142,454Net Income 2023: -$14,0412023Revenue 2024: $143,899Expenses 2024: $130,324Net Income 2024: $13,5752024

Highlighted filing

2022

Revenue$86,250
Expenses$75,768
Net Income$10,482
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 7, 2023
Return Version
2022v5.0
Gross Receipts
$86,250
Mission and Program Overview

Mission

Team guts is a 501(c)(3) non profit organization dedicated to improving the lives of the special needs population. Team guts provides year-round fitness classes, one-on-one training, athletic and sports programs to children, tenneagers and adults with special needs and disabilities. No family is turned away. Rather we provide scholarships to those families that are in need of financial assistance.

Team guts is a 501(c)(3) nonprofit organization dedicated to improving the lives of the special needs population. Team guts provides year round fitness classes, one-on-one training, athletic and sports programs to children, teenagers and adults with special needs and disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$314,790$325,272▲ $10,482
Total Assets$314,790$325,272▲ $10,482
Liabilities
Other Liabilities$125,100$125,100→ $0
Total Liabilities$125,100$125,100→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$189,690$200,172▲ $10,482
Total Net Assets Fund Balance$189,690$200,172▲ $10,482
Total Liabilities and Net Assets / Fund Balance$314,790$325,272▲ $10,482
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Paul TurnerPresidentPT$25,000$25,000
Todd TurnerVice PresidentPT$25,000$25,000

Board Members and Trustees

NameTitle
Judith LindstromSecretary
Philip KimTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$64,284
Program Service Revenue
$21,220
Investment Income
$746
Other Revenue
$0
All Other Contributions
$64,284
Change in Net Assets
$10,482
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$53,915
Other Expenses$21,853
Total Fundraising Expense$16,174
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$20,000$15,000$15,000$50,000
Fees for Services Other$11,813$625-$12,438
Payroll Taxes$1,567$1,174$1,174$3,915
Fees for Services Accounting-$3,830-$3,830
Interest-$1,656-$1,656
Other Expenses$774$597-$597
Insurance-$400-$400
All Other Expenses$52$174-$226
Office Expenses-$68-$68
Total Functional Expenses$34,206$25,388$16,174$75,768
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba Eidl Loan$125,100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Paul turner (president) and todd turner (vice president) are brothers.

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

The president will review the form 990 prior to filing.

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

Annually each director, principal officer, and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person has received a copy of the policy, has read the policy, and has agreed to comply with the policy. There are periodic reviews done to ensure the tax-exempt status has not been jeopardized.

Form 990, Part VI, Section B, Line 15

All independent board members reviewed and approved the amount of compensation paid to the president and vice president for the year ended 2021. These independent board members recognize that the approved compensation for these 2 officers is well below comparable compensation amounts for similarly qualified individuals. These compensation amounts were approved however in consideration of the current financial position of team guts, inc. And projections of near-term future operations such that the organization can sustain operations. Team guts maintains contemporaneous documentation of all independent board member deliberations and decisions regarding compensation paid to top management officials of the organization.

Form 990, Part VI, Section C, Line 19

All information is available upon request.

Filing and Contact Details

Filer

Filer Name
Team Guts Inc
EIN
46-1756544
Phone
2487013067
Address
18122 BUCKINGHAM AVENUE, BEVERLY HILLS, MI 48025

Signing Officer

Name
Paul Turner
Title
President
Phone
2487013067
Signed
2023-06-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Turner
Formed
2012
Legal Domicile
Mi
Voting Board Members
4
Independent Board Members
2
Employees
2
Volunteers
0

Preparer

Firm
Gordon Advisors Pc
Address
1301 W LONG LAKE ROAD STE 200, TROY, MI 48098
Preparer
Douglas R Wright CPA
Phone
2489520200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Outside fitness instructors: program service expenses 4,343. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,343. Camp directors and other services: program service expenses 7,470. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,470. Paycheck processing: program service expenses 0. Management and general expenses 625. Fundraising expenses 0. Total expenses 625.

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IRS990/ActivityOrMissionDesc0TEAM GUTS IS A 501(C)(3) NONPROFIT ORGANIZATION DEDICATED TO IMPROVING THE LIVES OF THE SPECIAL NEEDS POPULATION. TEAM GUTS PROVIDES YEAR ROUND FITNESS CLASSES, ONE-ON-ONE TRAINING, ATHLETIC AND SPORTS PROGRAMS TO CHILDREN, TEENAGERS AND ADULTS WITH SPECIAL NEEDS AND DISABILITIES.
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IRS990/MissionDesc0TEAM GUTS IS A 501(C)(3) NON PROFIT ORGANIZATION DEDICATED TO IMPROVING THE LIVES OF THE SPECIAL NEEDS POPULATION. TEAM GUTS PROVIDES YEAR-ROUND FITNESS CLASSES, ONE-ON-ONE TRAINING, ATHLETIC AND SPORTS PROGRAMS TO CHILDREN, TEENAGERS AND ADULTS WITH SPECIAL NEEDS AND DISABILITIES. NO FAMILY IS TURNED AWAY. RATHER WE PROVIDE SCHOLARSHIPS TO THOSE FAMILIES THAT ARE IN NEED OF FINANCIAL ASSISTANCE.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PAUL TURNER (PRESIDENT) AND TODD TURNER (VICE PRESIDENT) ARE BROTHERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT WILL REVIEW THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUALLY EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE POLICY, HAS READ THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY. THERE ARE PERIODIC REVIEWS DONE TO ENSURE THE TAX-EXEMPT STATUS HAS NOT BEEN JEOPARDIZED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL INDEPENDENT BOARD MEMBERS REVIEWED AND APPROVED THE AMOUNT OF COMPENSATION PAID TO THE PRESIDENT AND VICE PRESIDENT FOR THE YEAR ENDED 2021. THESE INDEPENDENT BOARD MEMBERS RECOGNIZE THAT THE APPROVED COMPENSATION FOR THESE 2 OFFICERS IS WELL BELOW COMPARABLE COMPENSATION AMOUNTS FOR SIMILARLY QUALIFIED INDIVIDUALS. THESE COMPENSATION AMOUNTS WERE APPROVED HOWEVER IN CONSIDERATION OF THE CURRENT FINANCIAL POSITION OF TEAM GUTS, INC. AND PROJECTIONS OF NEAR-TERM FUTURE OPERATIONS SUCH THAT THE ORGANIZATION CAN SUSTAIN OPERATIONS. TEAM GUTS MAINTAINS CONTEMPORANEOUS DOCUMENTATION OF ALL INDEPENDENT BOARD MEMBER DELIBERATIONS AND DECISIONS REGARDING COMPENSATION PAID TO TOP MANAGEMENT OFFICIALS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL INFORMATION IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OUTSIDE FITNESS INSTRUCTORS: PROGRAM SERVICE EXPENSES 4,343. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,343. CAMP DIRECTORS AND OTHER SERVICES: PROGRAM SERVICE EXPENSES 7,470. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,470. PAYCHECK PROCESSING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 625. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 625.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0314790
IRS990/TotalAssetsEOYAmt0325272
IRS990/TotalAssetsGrp/BOYAmt0314790
IRS990/TotalAssetsGrp/EOYAmt0325272
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt064284
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt016174
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025388
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt034206
IRS990/TotalFunctionalExpensesGrp/TotalAmt075768
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0125100
IRS990/TotalLiabilitiesEOYAmt0125100
IRS990/TotalLiabilitiesGrp/BOYAmt0125100
IRS990/TotalLiabilitiesGrp/EOYAmt0125100
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0189690
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0200172
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt034206
IRS990/TotalProgramServiceRevenueAmt021220
IRS990/TotalReportableCompFromOrgAmt050000
IRS990/TotalRevenueGrp/ExclusionAmt0746
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt021220
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt086250
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0314790
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0325272
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt018122 BUCKINGHAM AVENUE
IRS990/USAddress/CityNm0BEVERLY HILLS
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048025
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0TEAMGUTSMICHIGAN.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PAUL TURNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02487013067
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TEAM GUTS INC
ReturnHeader/Filer/BusinessNameControlTxt0TEAM
ReturnHeader/Filer/EIN0461756544
ReturnHeader/Filer/PhoneNum02487013067
ReturnHeader/Filer/USAddress/AddressLine1Txt018122 BUCKINGHAM AVENUE
ReturnHeader/Filer/USAddress/CityNm0BEVERLY HILLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048025
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382656556
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GORDON ADVISORS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01301 W LONG LAKE ROAD STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TROY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048098
ReturnHeader/PreparerPersonGrp/PhoneNum02489520200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DOUGLAS R WRIGHT CPA
ReturnHeader/ReturnTs02023-11-15T19:01:33-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PAUL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TURNER
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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