Civic Intelligence

Team Carone Foundation

990EZ • Fiscal year 2020 • EIN 46-5189643

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 22, 2021

7160 Meadow LaneCary, IL 60013

(847) 812-2247

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

2nd percentile

-651%

Higher net margin than 2% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

26th percentile

-12%

Faster asset growth than 26% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

4th percentile

-94%

Faster revenue growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$157,490

Down $20,970 (-12%) from 2019

Net Assets

$157,490

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$3,223

Down $50,149 (-94%) from 2019

Expenses

Down

$24,193

Down $38,306 (-61%) from 2019

Net Income

Down

-$20,970

Down $11,843 (-130%) from 2019

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2014: $57,024Liabilities 2014: $4,1472014Assets 2015: $65,506Liabilities 2015: $2,397Net Assets 2015: $63,1092015Assets 2016: $80,829Liabilities 2016: $2,073Net Assets 2016: $78,7562016Assets 2017: $142,911Net Assets 2017: $142,9112017Assets 2018: $187,587Net Assets 2018: $187,5872018Assets 2019: $178,460Liabilities 2019: $02019Assets 2020: $157,490Net Assets 2020: $157,4902020Assets 2021: $150,640Net Assets 2021: $150,6402021Assets 2022: $128,120Net Assets 2022: $128,1202022Assets 2023: $120,692Liabilities 2023: $02023

Highlighted filing

2020

Assets$157,490
Liabilities-
Net Assets$157,490

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2014: $71,927Expenses 2014: $19,050Net Income 2014: $52,8772014Revenue 2015: $110,336Expenses 2015: $102,263Net Income 2015: $8,0732015Revenue 2016: $75,247Expenses 2016: $59,600Net Income 2016: $15,6472016Revenue 2017: $112,204Expenses 2017: $42,964Net Income 2017: $69,2402017Revenue 2018: $109,503Expenses 2018: $64,827Net Income 2018: $44,6762018Revenue 2019: $53,372Expenses 2019: $62,499Net Income 2019: -$9,1272019Revenue 2020: $3,223Expenses 2020: $24,193Net Income 2020: -$20,9702020Revenue 2021: $2,055Expenses 2021: $8,905Net Income 2021: -$6,8502021Revenue 2022: $472Expenses 2022: $22,992Net Income 2022: -$22,5202022Revenue 2023: $628Expenses 2023: $8,056Net Income 2023: -$7,4282023

Highlighted filing

2020

Revenue$3,223
Expenses$24,193
Net Income-$20,970
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 22, 2021
Return Version
2020v4.1
Gross Receipts
$5,496
Mission and Program Overview

Mission

To raise funds to provide assistance to cancer patients.

Program Services

DescriptionGrantsExpenses
The Organization is honored to provide scholarships to students at Cary-Grove High School.$17,000$17,000
The Organization works to promote support of their mission, to "Shut Down Cancer," through medical research and support of cancer patients and their families.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Timothy A CaronePresidentPT$0--
Jennifer CruzTreasurer/SecretaryPT$0--
Robert WagnerDirectorPT$0--
Tony ColatortiDirectorPT$0--
Kristin MaguireDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Team Carone Foundation
EIN
46-5189643
Phone
8478122247
Address
7160 Meadow Lane, Cary, IL 60013

Signing Officer

Name
Timothy A Carone
Title
President
Phone
8478122247
Signed
2021-10-22
Discuss with paid preparer
Yes

Preparer

Firm
Scott & Monfeli CPAs LTD
Address
19 Spring Street, Cary, IL 60013
Preparer
Anthony R Monfeli CPA
Phone
8475160878
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 10

Scholarship award; scholarship; daniel daigle: , , , ; , 6000.

Form 990EZ, Part I, Line 10

Scholarship award; scholarship; blake skol: , , , ; , 2500.

Form 990EZ, Part I, Line 10

Scholarship award; scholarship; olivia schladt: , , , ; , 2500.

Form 990EZ, Part I, Line 10

Scholarship award; scholarship; calea sowell: , , , ; , 6000.

Form 990EZ, Part I, Line 16

Administrative Expenses 582.

Form 990EZ, Part I, Line 16

Advertising 175.

Form 990EZ, Part I, Line 16

Insurance 127.

Form 990EZ, Part I, Line 16

Telecom 900.

Form 990EZ, Part II, Line 24

Computer Equipment 654. 654.

Raw XML Appendix187 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/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Timothy A Carone
IRS990EZ/BooksInCareOfDetail/PhoneNum08478122247
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt07160 Meadow Lane
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Cary
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd060013
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0177806
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0156836
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt03496
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-20970
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt04154
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0178460
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0157490
IRS990EZ/FundraisingGrossIncomeAmt02000
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt017000
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt05496
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0178460
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0157490
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0178460
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0157490
IRS990EZ/OccupancyRentUtltsAndMaintAmt01020
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt35.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt45.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Timothy A Carone
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Jennifer Cruz
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Robert Wagner
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Tony Colatorti
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Kristin Maguire
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer/Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0654
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0654
IRS990EZ/OtherExpensesTotalAmt01784
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0To raise funds to provide assistance to cancer patients.
IRS990EZ/PrintingPublicationsPostageAmt0235
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The Organization works to promote support of their mission, to "Shut Down Cancer," through medical research and support of cancer patients and their families.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1The Organization is honored to provide scholarships to students at Cary-Grove High School.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt117000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt117000
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt02273
IRS990EZ/SpecialEventsNetIncomeLossAmt0-273
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IL
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt024193
IRS990EZ/TotalProgramServiceExpensesAmt017000
IRS990EZ/TotalRevenueAmt03223
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0TeamCaroneFoundation.org
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03496
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt043711
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt050551
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt086173
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt055604
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0239535
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0397163
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.91340
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.92540
IRS990ScheduleA/PublicSupportTotal170Amt0218790
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt020745
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03496
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt043711
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt050551
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt086173
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt055604
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0239535
IRS990ScheduleA/TotalSupportAmt0239535
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIP AWARD; SCHOLARSHIP; DANIEL DAIGLE: , , , ; , 6000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SCHOLARSHIP AWARD; SCHOLARSHIP; BLAKE SKOL: , , , ; , 2500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SCHOLARSHIP AWARD; SCHOLARSHIP; OLIVIA SCHLADT: , , , ; , 2500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SCHOLARSHIP AWARD; SCHOLARSHIP; CALEA SOWELL: , , , ; , 6000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Administrative Expenses 582.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Advertising 175.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Insurance 127.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Telecom 900.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Computer Equipment 654. 654.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part II, Line 24
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Timothy A Carone
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08478122247
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Team Carone Foundation
ReturnHeader/Filer/BusinessNameControlTxt0TEAM
ReturnHeader/Filer/EIN0465189643
ReturnHeader/Filer/PhoneNum08478122247
ReturnHeader/Filer/USAddress/AddressLine1Txt07160 Meadow Lane
ReturnHeader/Filer/USAddress/CityNm0Cary
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060013
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Scott & Monfeli CPAs LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt019 Spring Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Cary
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060013
ReturnHeader/PreparerPersonGrp/PhoneNum08475160878
ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANTHONY R MONFELI CPA
ReturnHeader/ReturnTs02021-10-26T13:29:08-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Timothy
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Carone
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings