TY 2021 Form 990 Schedule O

efile Public Visual Render ObjectId: 202202029349301805 - Submission: 2022-07-21 TIN: 47-4405261

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

TEAMFUND INC

Employer identification number

47-4405261

Return Reference	Explanation
FORM 990, PART V, LINE 2A:	TEAMFUND, INC. LEASES EMPLOYEES FROM A PROFESSIONAL EMPLOYMENT ORGANIZATION, TRINET GROUP, INC. THE EMPLOYEES ARE CONSIDERED COMMON LAW EMPLOYEES OF TEAMFUND, INC., HOWEVER, TRINET GROUP, INC. IS THE EMPLOYER OF RECORD AND EMPLOYEES GET THEIR W2S FROM TRINET GROUP, INC.
FORM 990, PART VI, SECTION A, LINE 2	TIMOTHY M. RING AND KATHRYN L. GLEASON HAVE A FAMILY RELATIONSHIP.
FORM 990, PART VI, SECTION A, LINE 6	TEAMFUND HAS ONE CLASS OF MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7A	MEMBERS ARE ABLE TO ELECT AND/OR APPOINT MEMBERS OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION A, LINE 7B	MEMBERS MAY AMEND OR REPEAL THE BYLAWS.
FORM 990, PART VI, SECTION B, LINE 11B	THE PREPARED FORM 990 IS REVIEWED AND APPROVED BY THE MEMBERS OF THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	ANNUALLY ALL DIRECTORS AND OFFICERS COMPLETE AND SIGN A STATEMENT THAT PROVIDES INFORMATION REGARDING THEIR INTERESTS AND THOSE OF THEIR FAMILY MEMBERS THAT COULD GIVE RISE TO CONFLICTS. THE MEMBERS OF THE GOVERNING BODY MAKE DETERMINATIONS OF WHETHER A CONFLICT EXISTS AND REVIEW ACTUAL CONFLICTS. ANY PERSON WITH A CONFLICT IS PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION.
FORM 990, PART VI, SECTION B, LINE 15A	COMPENSATION IS SUBJECT TO ADJUSTMENT ANNUALLY BASED ON COMPLETION OF ESTABLISHED PERFORMANCE OBJECTIVES, RESULTS OF ANY COMPENSATION STUDIES PERFORMED, COMPARABILITY OF COMPENSATION REPORTED ON FORM 990 TO INDIVIDUALS IN SIMILAR POSITIONS OF SIMILAR ORGANIZATIONS. THE AUDIT COMMITTEE IS RESPONSIBLE FOR OVERSEEING ANY MANAGEMENT COMPENSATION, RAISES AND BONUSES WHERE APPROPRIATE AND APPLICABLE; AND TO PROVIDE A REPORT TO THE BOARD, INCLUDING ANY PROPOSED CHANGES, FOR APPROVAL BY THE FULL BOARD ANNUALLY.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9:	LOSS ON UNCOLLECTIBLE ACCOUNTS RECEIVABLE -50,004.

Return Reference

Explanation

FORM 990, PART V, LINE 2A:

TEAMFUND, INC. LEASES EMPLOYEES FROM A PROFESSIONAL EMPLOYMENT ORGANIZATION, TRINET GROUP, INC. THE EMPLOYEES ARE CONSIDERED COMMON LAW EMPLOYEES OF TEAMFUND, INC., HOWEVER, TRINET GROUP, INC. IS THE EMPLOYER OF RECORD AND EMPLOYEES GET THEIR W2S FROM TRINET GROUP, INC.

FORM 990, PART VI, SECTION A, LINE 2

TIMOTHY M. RING AND KATHRYN L. GLEASON HAVE A FAMILY RELATIONSHIP.

FORM 990, PART VI, SECTION A, LINE 6

TEAMFUND HAS ONE CLASS OF MEMBERS.

FORM 990, PART VI, SECTION A, LINE 7A

MEMBERS ARE ABLE TO ELECT AND/OR APPOINT MEMBERS OF THE GOVERNING BODY.

FORM 990, PART VI, SECTION A, LINE 7B

MEMBERS MAY AMEND OR REPEAL THE BYLAWS.

FORM 990, PART VI, SECTION B, LINE 11B

THE PREPARED FORM 990 IS REVIEWED AND APPROVED BY THE MEMBERS OF THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS.

FORM 990, PART VI, SECTION B, LINE 12C

ANNUALLY ALL DIRECTORS AND OFFICERS COMPLETE AND SIGN A STATEMENT THAT PROVIDES INFORMATION REGARDING THEIR INTERESTS AND THOSE OF THEIR FAMILY MEMBERS THAT COULD GIVE RISE TO CONFLICTS. THE MEMBERS OF THE GOVERNING BODY MAKE DETERMINATIONS OF WHETHER A CONFLICT EXISTS AND REVIEW ACTUAL CONFLICTS. ANY PERSON WITH A CONFLICT IS PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION.

FORM 990, PART VI, SECTION B, LINE 15A

COMPENSATION IS SUBJECT TO ADJUSTMENT ANNUALLY BASED ON COMPLETION OF ESTABLISHED PERFORMANCE OBJECTIVES, RESULTS OF ANY COMPENSATION STUDIES PERFORMED, COMPARABILITY OF COMPENSATION REPORTED ON FORM 990 TO INDIVIDUALS IN SIMILAR POSITIONS OF SIMILAR ORGANIZATIONS. THE AUDIT COMMITTEE IS RESPONSIBLE FOR OVERSEEING ANY MANAGEMENT COMPENSATION, RAISES AND BONUSES WHERE APPROPRIATE AND APPLICABLE; AND TO PROVIDE A REPORT TO THE BOARD, INCLUDING ANY PROPOSED CHANGES, FOR APPROVAL BY THE FULL BOARD ANNUALLY.

FORM 990, PART VI, SECTION C, LINE 19

THE ORGANIZATION MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

FORM 990, PART XI, LINE 9:

LOSS ON UNCOLLECTIBLE ACCOUNTS RECEIVABLE -50,004.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

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