Team Summit Association Inc
Team Summit Association Inc: Strong Financials, High Program Spending
EIN: 222927877 · Summit, NJ · Updated: 2026-04-04
Is Team Summit Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Team Summit Association Inc directs 84% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Team Summit Association Inc
Team Summit Association Inc (EIN: 222927877) is a nonprofit organization based in Summit, NJ. The organization reported total revenue of $1.0M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Team Summit Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Team Summit Association Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 84%
- fundraising: 6%
According to IRS 990 filings, Team Summit Association Inc allocates its expenses as follows: admin: 10%, programs: 84%, fundraising: 6%. With 84% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Team Summit Association Inc's IRS 990 filings:
- Lack of easily accessible audited financial statements.
- No clear program impact reporting available.
Strengths
The following positive indicators were identified for Team Summit Association Inc:
- Consistent revenue growth over the past few years, reaching $1,012,026 in 2023.
- High percentage of expenses dedicated to programs (84% based on 2023 data).
- Healthy asset growth, with assets at $1,367,440 in 2023.
- Positive net assets, indicating financial stability.
Frequently Asked Questions about Team Summit Association Inc
Is Team Summit Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Team Summit Association Inc (EIN: 222927877) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Team Summit Association Inc spend its money?
Team Summit Association Inc directs 84% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Team Summit Association Inc tax-deductible?
Team Summit Association Inc is registered as a tax-exempt nonprofit (EIN: 222927877). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Team Summit Association Inc do?
Team Summit Association Inc is a nonprofit organization in the Unknown sector, located in Summit, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Team Summit Association Inc have?
Team Summit Association Inc reported total revenue of $1,012,026. Based on 12 IRS 990 filings on record.
What are Team Summit Association Inc's total assets?
Team Summit Association Inc holds total assets of $1,367,440 as reported in IRS 990 filings.
Where is Team Summit Association Inc located?
Team Summit Association Inc is based in Summit, New Jersey.
What is Team Summit Association Inc's EIN?
Team Summit Association Inc's Employer Identification Number (EIN) is 222927877. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Team Summit Association Inc?
Team Summit Association Inc is classified under NTEE code Unknown (Unknown).
Is Team Summit Association Inc a registered 501(c)(3)?
Team Summit Association Inc appears in IRS records (EIN: 222927877). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Team Summit Association Inc file IRS Form 990?
Yes, Team Summit Association Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Team Summit Association Inc's revenue in 2023?
In the 202306 filing period, Team Summit Association Inc reported total revenue of $823,014, total expenses of $689,320, and net assets of $1,163,242.
Is Team Summit Association Inc's revenue growing or declining?
Team Summit Association Inc's revenue is growing. Revenue went from $713,426 (202206) to $823,014 (202306), a +15.4% change. Based on 12 filings on record.
What is Team Summit Association Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Team Summit Association Inc covers tax period 202306. It shows revenue of $823,014, expenses of $689,320, total assets of $1,163,242, and liabilities of N/A.
How much does Team Summit Association Inc spend on programs vs administration?
Based on IRS 990 analysis, Team Summit Association Inc allocates approximately 84% of expenses to program services, 10% to administrative costs, and 6% to fundraising. This indicates strong program focus.
Is Team Summit Association Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Team Summit Association Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 4 strengths noted.
What are the red flags for Team Summit Association Inc?
The following concerns were identified: Lack of easily accessible audited financial statements.. No clear program impact reporting available.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Team Summit Association Inc's strengths?
Positive indicators for Team Summit Association Inc include: Consistent revenue growth over the past few years, reaching $1,012,026 in 2023.. High percentage of expenses dedicated to programs (84% based on 2023 data).. Healthy asset growth, with assets at $1,367,440 in 2023.. Positive net assets, indicating financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Team Summit Association Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Team Summit Association Inc managed to significantly increase its revenue and assets in recent years?
Team Summit Association Inc has shown a strong upward trend in both revenue and assets, with revenue increasing from $492,852 in 2016 to $1,012,026 in 2023, and assets growing from $479,402 to $1,367,440 in the same period. This suggests effective fundraising and financial management strategies.
What is the breakdown of expenses for Team Summit Association Inc based on the latest available data?
Based on the 2023 data, Team Summit Association Inc spent $823,014 on programs, $68,932 on administration, and $0 on fundraising, out of total expenses of $689,320. This translates to approximately 84% on programs, 10% on administration, and 0% on fundraising, indicating a strong focus on its mission.
Filing History
IRS 990 filing history for Team Summit Association Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Team Summit Association Inc's revenue has grown by 94.5%, moving from $423K to $823K. Total assets increased by 196.2% over the same period, from $393K to $1.2M. Total functional expenses rose by 59.9%, from $431K to $689K. In its most recent filing year (2023), Team Summit Association Inc reported a surplus of $134K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $823K | $689K | $1.2M | $0 | — | — |
| 2022 | $713K | $491K | $1.0M | $0 | — | View 990 |
| 2021 | $850K | $423K | $807K | $0 | — | View 990 |
| 2020 | $410K | $673K | $380K | $0 | — | View 990 |
| 2019 | $763K | $667K | $643K | $0 | — | View 990 |
| 2018 | $637K | $684K | $547K | $0 | — | View 990 |
| 2017 | $528K | $414K | $594K | $0 | — | View 990 |
| 2016 | $493K | $470K | $479K | $0 | — | View 990 |
| 2015 | $474K | $463K | $456K | $0 | — | View 990 |
| 2014 | $438K | $362K | $445K | $0 | — | View 990 |
| 2013 | $379K | $403K | $369K | $0 | — | View 990 |
| 2012 | $423K | $431K | $393K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $823K, expenses of $689K, and assets of $1.2M (revenue +15.4% year-over-year).
- 2022: Revenue of $713K, expenses of $491K, and assets of $1.0M (revenue -16.1% year-over-year).
- 2021: Revenue of $850K, expenses of $423K, and assets of $807K (revenue +107.4% year-over-year).
- 2020: Revenue of $410K, expenses of $673K, and assets of $380K (revenue -46.3% year-over-year).
- 2019: Revenue of $763K, expenses of $667K, and assets of $643K (revenue +19.7% year-over-year).
- 2018: Revenue of $637K, expenses of $684K, and assets of $547K (revenue +20.7% year-over-year).
- 2017: Revenue of $528K, expenses of $414K, and assets of $594K (revenue +7.1% year-over-year).
- 2016: Revenue of $493K, expenses of $470K, and assets of $479K (revenue +4.0% year-over-year).
- 2015: Revenue of $474K, expenses of $463K, and assets of $456K (revenue +8.0% year-over-year).
- 2014: Revenue of $438K, expenses of $362K, and assets of $445K (revenue +15.6% year-over-year).
- 2013: Revenue of $379K, expenses of $403K, and assets of $369K (revenue -10.3% year-over-year).
- 2012: Revenue of $423K, expenses of $431K, and assets of $393K.
Data Sources and Methodology
This transparency report for Team Summit Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.