TeamUP Charitable Foundation
EIN 874249537About
As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: Typically, a finding of a substantial contraction of assets is made by reference to the fair market value of a foundation's net assets on the first day of its calendar year. However, the taxable year ending December 31, 2022 was the year in which the Foundation received its initial endowment and the finding of a substantial contraction in this case was made by reference to the fair market value of the Foundation's assets on the date that it received its initial endowment. Accordingly, the degree of contraction of the Foundation's net assets may have been exaggerated. During the taxable year ending December 31, 2022, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $59,431. This amount represents 25% or more of the Foundation's net assets of $25,000 (as measured by fair market value) on the day that the Foundation received its initial endowment in the Foundation's taxable year ending December 31, 2022. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2022 | $59K | $31K | $100K | 11 |
| 2023 | $60K | $34K | $75K | 17 |
Grant Size Distribution
Based on 28 grants on record
Geographic Distribution
Texas Counties Served
Top 2 counties
- 1 Harris
- 2 Brazoria
Officers & Directors
Grants Awarded (28 total)
| Purpose | ||||
|---|---|---|---|---|
| Milestones in Leadership Summit | Irvine, CA | $25,000 | General & Unrestricted | 2022 |
| The Chrysalis Center | Los Angeles, CA | $8,200 | General & Unrestricted | 2023 |
| Bear Be a Resource for Cps Kids | Houston, TX | $6,250 | General & Unrestricted | 2023 |
| Together We Rise Corporation | Brea, CA | $6,121 | General & Unrestricted | 2023 |
| Gvngorg | Beverly Hills, CA | $6,000 | Ambassadors of Compassion to sponsor children for a middle school program in Orlando, FL | 2022 |
| Together We Rise Corporation | Brea, CA | $5,336 | General & Unrestricted | 2022 |
| Black Girls Code Inc | Los Angeles, CA | $5,000 | Los Angeles and Houston chapter | 2023 |
| Garrett Hicks Memorial Fund | Lucedale, MS | $5,000 | General & Unrestricted | 2023 |
| Harbor Area Gang Alternatives | Wilmington, CA | $5,000 | General & Unrestricted | 2023 |
| South Oc Youth Rugby Inc | Ladera Ranch, CA | $5,000 | OC Raptors uniforms fund | 2023 |
| Garrett Hicks Memorial Fund | Lucedale, MS | $5,000 | General & Unrestricted | 2022 |
| Investors Philanthropic | Newport Beach, CA | $4,300 | 100 Companies that Care in orange county fund | 2023 |
| Investors Philanthropic | Newport Beach, CA | $4,300 | 100 Companies that Care | 2022 |
| Givedirectly Inc | New York, NY | $4,000 | use these funds in the United States | 2022 |
| Loyola University | New Orleans, LA | $3,295 | Loyola University Women's Leadership Academy | 2022 |
| Point Foundation | Los Angeles, CA | $3,000 | General & Unrestricted | 2023 |
| Dillard University | New Orleans, LA | $2,500 | General & Unrestricted | 2023 |
| Dress for Success Worldwide | New York, NY | $2,500 | Charitable Event | 2023 |
| Eat and Read at Melbas Literacy Project Inc | New Orleans, LA | $2,000 | General & Unrestricted | 2022 |
| Constructing Hope Pre- Apprenticeship Program | Portland, OR | $1,800 | General & Unrestricted | 2023 |
| United States Veterans Initiative | Los Angeles, CA | $1,500 | 2023 Valero Surf for U.S. Vets Long Beach for PTS advance fund | 2023 |
| Young Mens Christian Association of Greater Long B | Long Beach, CA | $1,500 | Fairfield YMCA Annual Campaign | 2023 |
| New Orleans Women & Childrens Shelter Inc | New Orleans, LA | $1,500 | To fund education and employment program. | 2022 |
| Tiyya Foundation Inc | Santa Ana, CA | $1,500 | economic advancement program | 2022 |
| Young Mens Christian Association of Greater Long B | Long Beach, CA | $1,500 | Fairfield YMCA Annual Campaign | 2022 |