In Team Red White and Blue's third year of operation, the organization made significant strides in growth and definition. A top-tier consulting firm provided a strategic growth framework pro-bono, which helped the organization to increase the scope and scale of its Veterans' programs. In 2012, TRWB expanded the number of chapters, communities and members significantly. The commitment of the organization to provide America's Veterans with varied and exceptional opportunities to improve their lives through physical and social activity remains intact and in 2012, through sound fiscal planning, 96% of all expenses were allocated to programs in direct support of Veterans.
In only our second year, Team RWB has been able to dedicate over 90% of every dollar donated to our programs for America's veterans. Our supporters can feel confident that their contributions are making an impact and enriching the lives of those who have given so much to ensure our freedom.
Team RWB acquired our nonprofit status from the IRS on July 23, 2010. Our 2010 IRS-990 is for the five months after receiving our nonprofit status. As is typical with other not-for-profits in their first year of operations, our start-up costs (legal fees and website design) are the reason the ratio of money spent on wounded veterans was not higher for this initial tax period. Since its inception, Team RWB has not compensated any volunteers, board members, or advocates for their services, work, or time. Team RWB athletes are not compensated in any way; they donate their time to train and participate in athletic events, and they cover all of their own expenses to do so. Our organization is driven by volunteers whose only compensation is the satisfaction of knowing they are impacting the lives of America's wounded veterans.
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