GROWTH TEAMS INC

EIN: 881985456 501(c)(3) International Affairs

CLAYMONT, DE

Total Revenue
$305,982
Total Expenses
$353,197
Total Assets
$151,124
Net Assets
$151,124
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
DE
Principal Officer
JONATHAN MAZUMDAR
Phone
5852099062
Tax Period
2024-01-01 to 2024-12-31

GROWTH TEAMS INC, founded in 2022, is a small nonprofit in the International Affairs sector that reported $306K in total revenue in fiscal year 2024. Revenue surged 505% from the prior year, signaling strong growth momentum. Expenses of $353K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO FACILITATE GOVERNMENTS TO PROBLEM SOLVE FOR ECONOMIC GROWTH, TO SUPPORT DEVELOPING COUNTRY GOVERNMENTS TO TRANSLATE ON-PAPER RESEARCH AND POLICY IDEAS INTO REAL ACTION.

Program Service Accomplishments

Program 1
Expenses: $213,715 Revenue: $56,459

ACCELERATING ECONOMIC GROWTH IN TANZANIA - IN TANZANIA, GROWTH TEAMS SUPPORTED THE PLANNING COMMISSION AND THE TANZANIA INVESTMENT CENTRE TO DESIGN STRATEGIES AND TAKE ACTIONS THAT DRIVE JOB CREATION...

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ACCELERATING ECONOMIC GROWTH IN TANZANIA - IN TANZANIA, GROWTH TEAMS SUPPORTED THE PLANNING COMMISSION AND THE TANZANIA INVESTMENT CENTRE TO DESIGN STRATEGIES AND TAKE ACTIONS THAT DRIVE JOB CREATION AND ECONOMIC GROWTH. IN 2024, THIS WORK FOCUSED ON INPUTS TO THE NATIONAL DEVELOPMENT STRATEGY, SECTOR PRIORITIZATION AND INVESTMENT ATTRACTION.

Program 2
Expenses: $79,774 Revenue: $0

GROWTH SUMMIT - GROWTH TEAMS ORGANIZED THE GROWTH SUMMIT, A 2-DAY EVENT FOR 100+ POLICYMAKERS, ACADEMICS, PRACTITIONERS, AND FUNDERS TO REASSERT ECONOMIC GROWTH AS A CENTRAL PILLAR OF THE DEVELOPMENT...

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GROWTH SUMMIT - GROWTH TEAMS ORGANIZED THE GROWTH SUMMIT, A 2-DAY EVENT FOR 100+ POLICYMAKERS, ACADEMICS, PRACTITIONERS, AND FUNDERS TO REASSERT ECONOMIC GROWTH AS A CENTRAL PILLAR OF THE DEVELOPMENT AGENDA. WE TRANSFERRED $55,067.94 TO THE CENTER FOR GLOBAL DEVELOPMENT, A CO-ORGANIZER, FOR EVENT EXPENSES INCURRED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $244,223
Program Service Revenue $56,459
Investment Income $5,300
Other Revenue $0
TOTAL REVENUE $305,982

Expense Breakdown

Grants Paid $0
Salaries & Benefits $147,204
Fundraising Expenses $0
Program Expenses $293,489
Other Expenses $205,993
TOTAL EXPENSES $353,197

Year-over-Year Comparison

2024 2023 Change
Revenue $305,982 $50,568 +5.1%
Expenses $353,197 $158,745 +1.2%
Net Income $-47,215 $-108,177 -0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
1
Employees
2
Volunteers
3

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
$136,744
Total Directors
3
$136,744
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KARTIK AKILESWARAN PRESIDENT AND SECRETARY 40
Officer Director
$68,450 $0 $68,450
JONATHAN MAZUMDAR VICE PRESIDENT AND TREASURER 40
Officer Director
$68,294 $0 $68,294
SACHIN GATHANI BOARD MEMBER 1
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
2025 No data No data No data No data
2024 $305,982 $353,197 $151,124 $-47,215
2022 $356,898 $50,919 $305,979 $305,979
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