The Team Foundation

Public charity · Grantmaker Newport News, VA EIN: 54-1749509

The primary purpose is to provide benefits/support to trinity evangelical lutheran church and school

The Team Foundation at a glance

In short: The Team Foundation gave $144K across 1 grant in 2025 (avg $144K), mostly in Virginia. Source: 2025 IRS Form 990.

Annual giving (2025)
$143,783
+432.5% vs 2024
Grants made (2025)
1
+0.0% vs 2024
Average grant
$143,783
+432.5% vs 2024
Median grant
$143,783
Total assets
$612,012
-12.4% vs 2024
Primary geography
Virginia (100% of itemized 2025 grant dollars)
Latest 990 filing
Form 990, 2025 View filing

Data from IRS Form 990, 2025; updated September 2026.

Who The Team Foundation funds

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Trinity Lutheran Church: $144KTrinity Lutheran Church$144K

The largest 2025 recipient was Trinity Lutheran Church ($144K).

Grant Size Distribution

4 grants across all recorded years

3<$50K$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 3 grants of 4 (75%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Newport News

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K1 grant2021 Total only2022 1 grant2023 1 grant2024 1 grant2025

From 2021 to 2025, annual grant giving ranged from $5K (2022) to $144K (2025). In 2025 it made 1 grant totaling $144K.

Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Trinity Lutheran Church Newport News, VAThe organization makes an annual contribution of earnings to trinity evangelical lutheran church for its outreach ministries program and other contributions as requested by the supported organization of its ministries. The officers and directors of the organization must be members in good standing of the supported organization.$143,783
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsNet Investment Income
2025$612,012$70,397$156,730$143,7831$70,397
2024$698,345$51,976$39,189$27,0001$51,956
2023$685,558$36,036$53,609$43,0001$36,036
2022$703,131$106,899$15,006$5,000Total only$41,365
2021$611,238$61,323$21,924$15,3931$61,323

"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.

About The Team Foundation

Based on IRS filings

The Team Foundation is a public charity, based in Newport News, VA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $612K in total assets. In 2025, it awarded 1 grant totaling $144K. Net investment income was $70K.

Leadership & Key People

Officers and directors from IRS filings

The Team Foundation is led by David E. Hunt, President & Director on every filing since 2021; none of the 9 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • David E. Hunt

    President & Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Amy C. Robinson

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Dale F. Goodman

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • John M. Lunsford

    Treasurer & Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Mark R. Madler

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Wendy S. Mynoymany

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • William C. Solomon

    Secretary & Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • William M. Mulvey

    Vice President & Director

    Director → Vice President & Director, 2024

    On filings since 2021

    1 hr/week

    No compensation reported

  • Susan M. Moeslein

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

Former officers (1)
  • Former: Suzanne M. Beckstoffer (2021–2023) — Vice President & Director

Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about The Team Foundation

How much does The Team Foundation give each year?

The Team Foundation gave $144K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $27K across 1 grant.

How large is The Team Foundation?

The Team Foundation reported $612K in total assets on its 2025 IRS Form 990. Its revenue that year was $70K.

Where does The Team Foundation operate?

The Team Foundation has awarded grants in Virginia.

What is The Team Foundation's EIN?

The Team Foundation's EIN (Employer Identification Number) is 54-1749509. IRS Form 990 filing data is available on this page for 2021–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

Data update history

(6)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2021 (received by the IRS September 27, 2021)
  2. Updated Form 990 for fiscal year 2022 (received by the IRS November 11, 2022)
  3. Updated Form 990 for fiscal year 2023 (received by the IRS July 31, 2023)
  4. Updated Form 990 for fiscal year 2024 (received by the IRS July 22, 2024)
  5. Updated Form 990 for fiscal year 2025 (received by the IRS October 2, 2025)
  6. IRS filings on file for fiscal years 2021–2025

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Browse active grant opportunities in The Team Foundation's focus areas in our free grants database

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Cite this profile

Grantable. (2026). The Team Foundation funder profile. GrantGraph. Retrieved October 23, 2026, from https://grantable.co/funders/the-team-foundation-morg_beced8a2949b49a094bd6dfad2e9f0f1

BibTeX
@misc{grantable_541749509_2026,
  author       = {{Grantable}},
  title        = {{The Team Foundation funder profile}},
  howpublished = {GrantGraph},
  year         = {2026},
  url          = {https://grantable.co/funders/the-team-foundation-morg_beced8a2949b49a094bd6dfad2e9f0f1},
  note         = {Accessed 2026-10-23. Data licensed CC BY 4.0}
}

The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.

Figures come from The Team Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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