Civic Intelligence

The Welfare Team Inc

EIN 88-1116415 • 501(c)3 • Raleigh, NC

Profile

Assist community members in difficult financial needs

5112 Sandy Banks RdRaleigh, NC 27616
Siviq Scores

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

Liabilities / Assets

78th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE T12 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2025

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2025

Top Officer Pay

99th percentile

$0

Higher top officer pay than 99% of similar nonprofits.

NTEE T12 • <$500k nonprofits • Source year 2025

Asset Growth

33rd percentile

-14%

Faster asset growth than 33% of similar nonprofits.

NTEE T12 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2024 to 2025

Assets

Up

$68,269

Up $5,075 (+8.0%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$68,269

Up $5,075 (+8.0%) from 2023

Revenue

Flat

$0

Flat from 2023

Expenses

Flat

$0

Flat from 2023

Net Income

Flat

$0

Flat from 2023

Trend Graphs

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2022: $70,047Liabilities 2022: $0Net Assets 2022: $70,0472022Assets 2023: $63,194Liabilities 2023: $0Net Assets 2023: $63,1942023Assets 2024: $68,269Liabilities 2024: $0Net Assets 2024: $68,2692024

Highlighted filing

2024

Assets$68,269
Liabilities$0
Net Assets$68,269

Operations Trend

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

$0Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2024

Revenue$0
Expenses$0
Net Income$0

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 6, 2025
Return Version
2024v5.1
Gross Receipts
$0
Mission and Program Overview

Mission

Assist community members in difficult financial needs

To assist community members with financial difficulties in us and in the community

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$68,269$68,269→ $0
Cap Stk Tr Prin Current Funds$68,269$68,269→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$68,269$68,269→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$68,269$68,269→ $0
Total Liabilities and Net Assets / Fund Balance$68,269$68,269→ $0
Compensation and Service Providers

Board Members and Trustees

NameTitle
JengPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

PART VI, SECTION B, LINE 12C

DICIPINARY COMMITEE

Part VI, Section C, Line 19

Available with the secretary upon request

Filing and Contact Details

Filer

Filer Name
The Welfare Team Inc
EIN
88-1116415
Phone
6022953177
Address
5112 SANDY BANKS RD, RALEIGH, NC 27616

Signing Officer

Name
Ebrima Jeng
Title
President
Phone
6022953177
Signed
2025-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ebrima Jeng
Formed
2024
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
Sought Out Financial Services Inc
Address
189 WIND CHIME COURT SUITE 104, RALEIGH, NC 27615
Preparer
Segun F Ajibulu
Phone
9192121385
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • <$500k nonprofits