Civic Intelligence

Team Carone Foundation

990EZ • Fiscal year 2023 • EIN 46-5189643

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 01, 2024

Organization ProfileTeamCaroneFoundation.org
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 2023

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2023

Net Margin

1st percentile

-1183%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

37th percentile

-5.8%

Faster asset growth than 37% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

74th percentile

33%

Faster revenue growth than 74% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Flat

$120,692

Flat from 2023

Net Assets

$120,692

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin1st percentile

Revenue

Flat

$628

Flat from 2023

Expenses

Flat

$8,056

Flat from 2023

Net Income

Flat

-$7,428

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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: $120,692Net Assets 2023: $120,6922023Assets 2023: $120,692Liabilities 2023: $02023

Highlighted filing

2023

Assets$120,692
Liabilities-
Net Assets$120,692
Open 2023 Filing

Operations Trend

Revenue Growth74th percentile

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: -$7,4282023Revenue 2023: $628Expenses 2023: $8,056Net Income 2023: -$7,4282023

Highlighted filing

2023

Revenue$628
Expenses$8,056
Net Income-$7,428
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 1, 2024
Return Version
2023v5.1
Gross Receipts
$628
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.$2,000$2,000
The Organization works to promote support of their mission, to Shut Down Cancer, through medical research and support of cancer patients and their families.$1,000$1,000
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Timothy A CaronePresidentPT$0--
Stephen DaviaTreasurer/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
2024-11-01
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; scholarship; samuel cohen: , , , ; , 1000.”

Form 990EZ, Part I, Line 10

“Scholarship; scholarship; delaney wells: , , , ; , 1000.”

Form 990EZ, Part I, Line 10

“Gift of love grant; grant; nicole schmidt: , , , ; , 1000.”

Form 990EZ, Part I, Line 16

“Administrative Expenses 143.”

Form 990EZ, Part I, Line 16

“Advertising 150.”

Form 990EZ, Part I, Line 16

“Insurance 1315.”

Form 990EZ, Part I, Line 16

“Telecom 1073.”

Form 990EZ, Part II, Line 24

“Computer Equipment 654. 654.”

Raw XML Appendix179 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/BOYAmt0127466
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0120038
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0628
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-7428
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02214
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0128120
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0120692
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt03000
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0628
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0128120
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0120692
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0128120
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0120692
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/PersonNm1Stephen Davia
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/OtherExpensesTotalAmt02681
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0To raise funds to provide assistance to cancer patients.
IRS990EZ/PrintingPublicationsPostageAmt0161
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/GrantsAndAllocationsAmt01000
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt12000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt01000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt12000
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IL
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt08056
IRS990EZ/TotalProgramServiceExpensesAmt03000
IRS990EZ/TotalRevenueAmt0628
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0TeamCaroneFoundation.org
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0628
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0472
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02055
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03496
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt043711
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt050362
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt050362
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0628
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0472
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02055
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03496
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt043711
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt050362
IRS990ScheduleA/TotalSupportAmt050362
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIP; SCHOLARSHIP; SAMUEL COHEN: , , , ; , 1000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SCHOLARSHIP; SCHOLARSHIP; DELANEY WELLS: , , , ; , 1000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GIFT OF LOVE GRANT; GRANT; NICOLE SCHMIDT: , , , ; , 1000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Administrative Expenses 143.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Advertising 150.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Insurance 1315.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Telecom 1073.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Computer 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 16
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 II, Line 24
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Timothy A Carone
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08478122247
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-01
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/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0364492844
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/PreparationDt02024-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANTHONY R MONFELI CPA
ReturnHeader/ReturnTs02024-11-05T12:13:41-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$120,692
Liabilities
-
Net assets
$120,692
Revenue
$628
Expenses
$8,056
Net income
-$7,428
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.21$1.21$0.01$0.08$0.07
2023Summary only. Only limited summary data is available for this year.$1.21$0.00$0.01$0.08$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$1.28$0.00$0.23$0.23
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$1.51$0.02$0.09$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.57$1.57$0.03$0.24$0.21
2019Summary only. Only limited summary data is available for this year.$1.78$0.00$0.53$0.62$0.09
2018Detailed filing. Detailed filing data is available for this year.$1.88$1.88$1.10$0.65$0.45
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$1.43$1.12$0.43$0.69
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.81$0.02$0.79$0.75$0.60$0.16
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.02$0.63$1.10$1.02$0.08
2014Summary only. Only limited summary data is available for this year.$0.57$0.04$0.72$0.19$0.53