Civic Intelligence

Team Addo Inc.

990EZ • Fiscal year 2018 • EIN 82-0774288

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

599 Marmora AvenueTampa, FL 33606

(813) 477-7654

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.73x

Higher debt load relative to assets than 92% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

76th percentile

0.04x

Higher debt load relative to revenue than 76% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

40th percentile

-0.2%

Higher net margin than 40% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

95th percentile

223%

Faster asset growth than 95% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

94th percentile

125%

Faster revenue growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$5,959

Up $4,113 (+223%) from 2017

Net Assets

$1,600

No earlier filing loaded for comparison.

Liabilities

Up

$4,359

Up $4,359 from 2017

Revenue

Up

$106,119

Up $58,891 (+125%) from 2017

Expenses

Up

$106,365

Up $60,983 (+134%) from 2017

Net Income

Down

-$246

Down $2,092 (-113%) from 2017

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0-$20K-$40KAssets 2017: $1,846Liabilities 2017: $02017Assets 2018: $5,959Liabilities 2018: $4,359Net Assets 2018: $1,6002018Assets 2019: $7,881Liabilities 2019: $1,787Net Assets 2019: $6,0942019Assets 2020: $20,054Liabilities 2020: $0Net Assets 2020: $20,0542020Assets 2021: $21,986Liabilities 2021: $0Net Assets 2021: $21,9862021Assets 2022: $24,857Liabilities 2022: $14,761Net Assets 2022: $10,0962022Assets 2023: $6,325Liabilities 2023: $40,938Net Assets 2023: -$34,6132023Assets 2024: $3,350Liabilities 2024: $21,873Net Assets 2024: -$18,5232024

Highlighted filing

2018

Assets$5,959
Liabilities$4,359
Net Assets$1,600

Operations Trend

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

$400K$200K$0-$200KRevenue 2017: $47,228Expenses 2017: $45,382Net Income 2017: $1,8462017Revenue 2018: $106,119Expenses 2018: $106,365Net Income 2018: -$2462018Revenue 2019: $177,641Expenses 2019: $173,147Net Income 2019: $4,4942019Revenue 2020: $47,396Expenses 2020: $33,436Net Income 2020: $13,9602020Revenue 2021: $123,883Expenses 2021: $121,951Net Income 2021: $1,9322021Revenue 2022: $241,041Expenses 2022: $251,190Net Income 2022: -$10,1492022Revenue 2023: $321,078Expenses 2023: $365,787Net Income 2023: -$44,7092023Revenue 2024: $93,776Expenses 2024: $77,686Net Income 2024: $16,0902024

Highlighted filing

2018

Revenue$106,119
Expenses$106,365
Net Income-$246
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$106,119
Mission and Program Overview

Mission

SEE SCHEDULE 0

Program Services

DescriptionGrantsExpenses
CHILDRENS PROGRAM-$21,126
VETERAN ADVENTURE PROGRAM-$19,612
VETERANS CLOSET-$16,971
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JAMES BOGGSPresidentceoFT$0--
ELIZABETH BOGGSDirector-$0--
KEVIN FITZSIMMONSDirector-$0--
PATRICK SOWERSDirector-$0--
Filing and Contact Details

Filer

Filer Name
Team Addo Inc
EIN
82-0774288
Address
599 MARMORA AVENUE, TAMPA, FL 33606

Signing Officer

Name
James Boggs
Title
Presidentceo
Phone
8134777654
Signed
2019-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Strother Accounting LLC
Address
3620 Legion Road Suite 206, Hope Mills, NC 28348
Preparer
John Strother
Phone
9106701985
Supplemental Narrative

Additional Explanations

General explanation attachment

Form 990-ez, part iii. What is the organizations primary exempt purpose?team addo is composed of veterans and friends of veterans that strive to help children in need and veterans. We are constantly searching for ways through inspiration to make a positive, lasting impression on our communities.form 990-ez, part iii, lines 28 & 28achildrens program: two years into our endeavors we have seen a greater need for supporting childrens organizations such as shriners hospital for children. This year we included the national pediatric cancer foundation as one of our beneficiaries and we were able to raise $2,000 from our 1st annual charity cornhole tournament. These funds were spent on much needed pediatric cancer research. The shriners hospital for children-tampa was in need of a valuable diagnostic piece of equipment. With the proceeds from our major fishing tournament fundraiser, we were able to present a check for $18,000 to the shriners hospital for children for a motion detection machine. Functional expenses to administer this program are minimal and mainly consist of the amounts of grants given. Some travel and transportation expenses are incurred. The childrens program expenses are kept extremely low due to the fact that team addo members take no salary or benefits--we volunteer every minute devoted to this program.veterans program: the veterans closet in tampa bay has grown into a national program, being renamed the veterans closet. We have suited up veterans and spouses in states such as north carolina, virginia and florida. Teaming up with mens wearhouse, we were able to outfit 350 male and female veterans and male and female spouses who have transitioned or are transitioning into civilian life with a full ensemble of business attire (a full suit, shirt, tie, belt and shoes). Through our service member initiative, we took over 40 professional head shot photos job websites; we performed over 2 dozen mock interview lessons and over 4 dozen resumes were reviewed. Finally, we helped distribute the veterans resume throughout the nation. In 2018, team addo disbursed checks totaling $16,970.62 for clothing and transitional services. As in the childrens program, due to very low functional expenses, the main cost of running this program are the grants that directly produce benefits for the veterans. Team addo members and the board of directors volunteer every minute devoted to this program.we also started our veteran adventure program in 2018 where we sponsored 10 veterans to participate in our annual fishing tournament at no cost to them. This program offers a therapeutic back drop in the tampa bay waters to mentally heal and rejuvenate in order to deal with anxiety and ptsd. This program helps reduce the suicide rate, promotes wellness and provides a support network for veterans who are dealing with the transitional effects of leaving the military. We spent $19,612 on this program in 2018.

List of grants and similar amounts paid Part I line 10

Activity cash grant for motion detection machine grantee shriners hospital for children street 2900 n rocky point dr city, state, zip tampa, fl 33607amount 18,000activity see schedule o grantee various children and veterans amount 39,709

Description of other expenses Part I line 16

Description amountbank & transaction processing fees 417travel 3,418office expenses 1,654dues & subscriptions 462taxes & licenses 70promotion and event expense 39,927

Description of total liabilities Part II line 26

Category beginning of year end of yearamex business 0 4,359

Raw XML Appendix165 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990-EZ, PART III. WHAT IS THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE?TEAM ADDO IS COMPOSED OF VETERANS AND FRIENDS OF VETERANS THAT STRIVE TO HELP CHILDREN IN NEED AND VETERANS. WE ARE CONSTANTLY SEARCHING FOR WAYS THROUGH INSPIRATION TO MAKE A POSITIVE, LASTING IMPRESSION ON OUR COMMUNITIES.FORM 990-EZ, PART III, LINES 28 & 28ACHILDRENS PROGRAM: TWO YEARS INTO OUR ENDEAVORS WE HAVE SEEN A GREATER NEED FOR SUPPORTING CHILDRENS ORGANIZATIONS SUCH AS SHRINERS HOSPITAL FOR CHILDREN. THIS YEAR WE INCLUDED THE NATIONAL PEDIATRIC CANCER FOUNDATION AS ONE OF OUR BENEFICIARIES AND WE WERE ABLE TO RAISE $2,000 FROM OUR 1ST ANNUAL CHARITY CORNHOLE TOURNAMENT. THESE FUNDS WERE SPENT ON MUCH NEEDED PEDIATRIC CANCER RESEARCH. THE SHRINERS HOSPITAL FOR CHILDREN-TAMPA WAS IN NEED OF A VALUABLE DIAGNOSTIC PIECE OF EQUIPMENT. WITH THE PROCEEDS FROM OUR MAJOR FISHING TOURNAMENT FUNDRAISER, WE WERE ABLE TO PRESENT A CHECK FOR $18,000 TO THE SHRINERS HOSPITAL FOR CHILDREN FOR A MOTION DETECTION MACHINE. FUNCTIONAL EXPENSES TO ADMINISTER THIS PROGRAM ARE MINIMAL AND MAINLY CONSIST OF THE AMOUNTS OF GRANTS GIVEN. SOME TRAVEL AND TRANSPORTATION EXPENSES ARE INCURRED. THE CHILDRENS PROGRAM EXPENSES ARE KEPT EXTREMELY LOW DUE TO THE FACT THAT TEAM ADDO MEMBERS TAKE NO SALARY OR BENEFITS--WE VOLUNTEER EVERY MINUTE DEVOTED TO THIS PROGRAM.VETERANS PROGRAM: THE VETERANS CLOSET IN TAMPA BAY HAS GROWN INTO A NATIONAL PROGRAM, BEING RENAMED THE VETERANS CLOSET. WE HAVE SUITED UP VETERANS AND SPOUSES IN STATES SUCH AS NORTH CAROLINA, VIRGINIA AND FLORIDA. TEAMING UP WITH MENS WEARHOUSE, WE WERE ABLE TO OUTFIT 350 MALE AND FEMALE VETERANS AND MALE AND FEMALE SPOUSES WHO HAVE TRANSITIONED OR ARE TRANSITIONING INTO CIVILIAN LIFE WITH A FULL ENSEMBLE OF BUSINESS ATTIRE (A FULL SUIT, SHIRT, TIE, BELT AND SHOES). THROUGH OUR SERVICE MEMBER INITIATIVE, WE TOOK OVER 40 PROFESSIONAL HEAD SHOT PHOTOS JOB WEBSITES; WE PERFORMED OVER 2 DOZEN MOCK INTERVIEW LESSONS AND OVER 4 DOZEN RESUMES WERE REVIEWED. FINALLY, WE HELPED DISTRIBUTE THE VETERANS RESUME THROUGHOUT THE NATION. IN 2018, TEAM ADDO DISBURSED CHECKS TOTALING $16,970.62 FOR CLOTHING AND TRANSITIONAL SERVICES. AS IN THE CHILDRENS PROGRAM, DUE TO VERY LOW FUNCTIONAL EXPENSES, THE MAIN COST OF RUNNING THIS PROGRAM ARE THE GRANTS THAT DIRECTLY PRODUCE BENEFITS FOR THE VETERANS. TEAM ADDO MEMBERS AND THE BOARD OF DIRECTORS VOLUNTEER EVERY MINUTE DEVOTED TO THIS PROGRAM.WE ALSO STARTED OUR VETERAN ADVENTURE PROGRAM IN 2018 WHERE WE SPONSORED 10 VETERANS TO PARTICIPATE IN OUR ANNUAL FISHING TOURNAMENT AT NO COST TO THEM. THIS PROGRAM OFFERS A THERAPEUTIC BACK DROP IN THE TAMPA BAY WATERS TO MENTALLY HEAL AND REJUVENATE IN ORDER TO DEAL WITH ANXIETY AND PTSD. THIS PROGRAM HELPS REDUCE THE SUICIDE RATE, PROMOTES WELLNESS AND PROVIDES A SUPPORT NETWORK FOR VETERANS WHO ARE DEALING WITH THE TRANSITIONAL EFFECTS OF LEAVING THE MILITARY. WE SPENT $19,612 ON THIS PROGRAM IN 2018.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CASH GRANT FOR MOTION DETECTION MACHINE GRANTEE SHRINERS HOSPITAL FOR CHILDREN STREET 2900 N ROCKY POINT DR CITY, STATE, ZIP TAMPA, FL 33607AMOUNT 18,000ACTIVITY SEE SCHEDULE O GRANTEE VARIOUS CHILDREN AND VETERANS AMOUNT 39,709
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION AMOUNTBANK & TRANSACTION PROCESSING FEES 417TRAVEL 3,418OFFICE EXPENSES 1,654DUES & SUBSCRIPTIONS 462TAXES & LICENSES 70PROMOTION AND EVENT EXPENSE 39,927
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CATEGORY BEGINNING OF YEAR END OF YEARAMEX BUSINESS 0 4,359
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1List of grants and similar amounts paid Part I line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
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