TEAM WALKER INC C/O JERRY WALKER

EIN: 223585539 501(c)(3) Youth Development

JERSEY CITY, NJ

Total Revenue
$1,272,352
Total Expenses
$1,221,937
Total Assets
$4,021,646
Net Assets
$1,903,355
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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NJ
Principal Officer
JERRY WALKER
Phone
2014331888
Tax Period
2023-01-01 to 2023-12-31

TEAM WALKER INC C/O JERRY WALKER, founded in 1998, is a community nonprofit in the Youth Development sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $1.2M left a modest 4% surplus.

Mission

THE ORGANIZATION WAS FORMED TO PROMOTE SOCIAL AWARENESS WHICH SHALL INCLUDE CHARITABLE ACTIVITIES TO BRING ABOUT CIVIC BETTERMENT AND SOCIAL IMPROVEMENT TO INNER-CITY MINORITY GROUPS AND TO UPLIFT AND CREATE POSITIVE ALTERNATIVES FOR THE YOUTH OF JERSEY CITY THROUGH PROGRAMS DESIGNED TO ENLIGHTEN PARTICIPANTS AND TEACH THE IMPORTANCE OF SOLID ACADEMICS, TEAMWORK, AND SPORTSMANSHIP.THE TEAM WALKER PROVIDES SAFE AND CONSTRUCTIVE ALTERNATIVES TO THE NEGATIVE INFLUENCES THAT PLAGUE INNER-CITY YOUTH. THROUGH STRUCTURED ACADEMIC AND RECREATIONAL ENVIRONMENT, THE CHILDREN LEARN HOW TO FOCUS ON TEAMWORK, RESPONSIBILITY, PERSISTENCE, AND UNITY.THE STAFF KNOWS THAT IF CHILDREN ARE PROVIDED POSITIVE ROLE MODELS, IN COMBINATION WITH A GAINED SENSE OF ACCOMPLISHMENT AND HEIGHTENED AWARENESS OF THEIR CAPABILITIES, THEY WILL SIGNIFICANTLY IMPROVE THEIR QUALITY OF LIFE.

Program Service Accomplishments

Program 1
Expenses: $928,340 Revenue: $0

PROVIDING ACTIVITIES THAT STRENGTHEN THE PERSONAL DEVELOPMENT OF INNER-CITY YOUTH AND DEVELOPING SPORTS ACTIVITIES FOR CITY YOUTH FREE OF CHARGE.THE COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROGRAM...

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PROVIDING ACTIVITIES THAT STRENGTHEN THE PERSONAL DEVELOPMENT OF INNER-CITY YOUTH AND DEVELOPING SPORTS ACTIVITIES FOR CITY YOUTH FREE OF CHARGE.THE COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROGRAM HELPED TO DEVELOP A VACANT LAND AND BUILD A COMMUNITY FACILITY THAT NOW SERVES AS A COMMUNITY EDUCATION AND RECREATION CENTER. IT PROVIDES ACADEMIC AND ATHLETIC PROGRAMS INCLUDING LIFE SKILLS MENTORING, HEALTH AWARENESS AND HOMEWORK TUTORING FOR STUDENTS IN KINDERGARTEN THROUGH 12TH GRADE. THE 21-CENTURY PROGRAM IS DESIGNED TO SUPPLEMENT THE EDUCATION OF STUDENTS IN GRADES 3-12, WHO ATTEND SCHOOLS ELIGIBLE FOR TITLE 1 SCHOOL WIDE PROGRAMS OR SCHOOLS WHERE A MINIMUM OF 30% THE STUDENTS ARE FROM LOW-INCOME FAMILIES. THE PROGRAM AIMS TO ASSIST STUDENTS IN ATTAINING THE SKILLS NECESSARY TO MEET NEW JERSEY'S CORE CURRICULUM CONTENT STANDARDS AND COMMON CORE STANDARDS. THEREFORE, ALL 21ST CCLC PROGRAMS MUST PROVIDE STUDENTS WHO PARTICIPATE WITH ACADEMIC ENRICHMENT OPPORTUNITIES THAT COMPLEMENT THE REGULAR SCHOOL DAY.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,156,901
Program Service Revenue $0
Investment Income $151
Other Revenue $115,300
TOTAL REVENUE $1,272,352

Expense Breakdown

Grants Paid $0
Salaries & Benefits $686,558
Fundraising Expenses $0
Program Expenses $928,340
Other Expenses $535,379
TOTAL EXPENSES $1,221,937

Year-over-Year Comparison

2023 2022 Change
Revenue $1,272,352 $1,766,115 -0.3%
Expenses $1,221,937 $1,089,328 +0.1%
Net Income $50,415 $676,787 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
13
Employees
45
Volunteers
13

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$86,999
Total Directors
14
$86,999
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEREMIAH WALKER PRESIDENT 40.00
Officer Director
$86,999 $0 $86,999
LEO J ZATTA CHAIRMAN 2.00
Officer Director
$0 $0 $0
BRYAN FELT TRUSTEE 1.00
Director
$0 $0 $0
CARL GARGIULO TRUSTEE 1.00
Director
$0 $0 $0
CRAIG MCGRAW TRUSTEE 1.00
Director
$0 $0 $0
JARED J LIMBACH TRUSTEE 1.00
Director
$0 $0 $0
JOHN T BAIER TRUSTEE 1.00
Director
$0 $0 $0
JOSEPH HUGHES TRUSTEE 1.00
Director
$0 $0 $0
KEVIN MCMAHON TRUSTEE 1.00
Director
$0 $0 $0
PATRICK DUNNE TRUSTEE 1.00
Director
$0 $0 $0
RICHARD LOMURRO TRUSTEE 1.00
Director
$0 $0 $0
ROBERT FETTERLY TRUSTEE 1.00
Director
$0 $0 $0
ROBIN CUNNINGHAM TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM TAYLOR TRUSTEE 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,272,352 $1,221,937 $4,021,646 $50,415
2022 $1,766,115 $1,089,328 $3,902,107 $676,787
2022 $1,706,159 $1,054,649 $3,855,181 $651,510
2021 $815,297 $883,752 $2,973,768 $-68,455
2020 $1,112,955 $799,704 $2,456,332 $313,251
2019 $915,112 $932,217 $2,163,220 $-17,105
2018 $834,500 $824,995 $2,194,082 $9,505
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