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Nonprofit · EIN 20-3781495

SOCAL-ELITE SPORTS INC

Tax-exempt · IRVINE, CA 92604

Financials

$1.4M$1.6M2023$1.5M$1.5M2024
Revenue Expenses · by fiscal year end
Financials of SOCAL-ELITE SPORTS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,487,364$1,500,388-$13,024$902,727$470,068$432,659
December 31, 2023990$1,449,808$1,566,106-$116,298$928,208$482,525$445,683
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,470,092
Investment income
$17,272
Other revenue
$0

Expenses

Grants and similar amounts paid
$54,940
Compensation of officers, directors and key employees
$184,000
Other salaries and wages
$511,690
Salaries, compensation and benefits (total)
$722,820
Professional fundraising fees
$0
Legal fees
$607
Accounting fees
$4,623
Occupancy
$213,238
Travel
$1,508
Program services (functional)
$1,405,732
Management and general (functional)
$94,656

Balance sheet and other

Total assets, start of year
$928,208
Total assets, end of year
$902,727
Total liabilities, end of year
$470,068
Net assets, end of year
$432,659
Gross receipts
$1,487,364
Employees
5
Volunteers
56
Year formed
2007
State of legal domicile
CA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
CARY LAMBETHVP & Secretary
Officer
50$92,000$39,664
PATRICK LEFLERCEO
Officer
50$92,000$15,671
CHRIS MCGARAHANDirector
Officer
2$0$0
KEVIN KARAMANOSDirector
Officer
2$0$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensationOther / benefits
CARY LAMBETHVP & Secretary
Officer
50$100,000$36,330
PATRICK LEFLERCEO
Officer
50$100,570$8,373
CHRIS MCGARAHANDirector
Officer
2$0$0
KEVIN KARAMANOSDirector
Officer
2$0$0

Address and contacts

Address (IRS master file)
13 LINCOLN, IRVINE, CA 92604-1926
Principal officer (990 for 2024)
CARY LAMBETH, 13 LINCOLN, IRVINE, CA 92604
Signed the 990
CARY LAMBETH, VP & SECRETARY
Phone
(949) 678-2949
Return prepared by
Thoerner & Toma Company

California records

California keeps its own records of charities and corporations. Search them by EIN 20-3781495 or by the name SOCAL-ELITE SPORTS INC.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

SOCAL ELITE SPORTS, INC. WAS FORMED IN 2007 FOR EDUCATIONAL AND CHARITABLE PURPOSES SPECIFICALLY TO PROVIDE BASKETBALL CAMPS, CLINICS, TRAINING, SKILL DEVELOPMENT, AND COMPETITIVE TOURNAMENT ACTIVITIES FOR YOUNG BOYS AND GIRLS.

990 for the year ended December 31, 2024

Program accomplishments

  • BASKETBALL LEAGUES AND CAMPS - SOCAL ELITE CONDUCTS SEASONAL BASKETBALL LEAGUES, EACH OF WHICH RUN FROM FIVE TO TEN WEEKS. LEAGUE PARTICIPANTS COME FROM THE SOCAL ELITE BASKETBALL ACADEMY OR FROM OTHER YOUTH RESIDENTS WITHIN THE COMMUNITY. SOCAL ELITE ALSO CONDUCTS SEVERAL SEASONAL CAMPS FOR BEGINNING, INTERMEDIATE, AND EXPERIENCED PLAYERS, RANGING IN AGE FROM 6-18.
    Expenses $701,784 · revenue $868,451
  • BASKETBALL ACADEMY - SOCAL ELITE CONDUCTS YEAR-ROUND BASKETBALL ACADEMIES (BASKETBALL SCHOOL), UTILIZING SEVERAL GYM FACILITIES THROUGHOUT IRVINE AND NEWPORT BEACH, CA. THE ACADEMIES INCLUDES WEEKLY TRAINING SESSIONS, SKILL DEVELOPMENT, SCRIMMAGES, FITNESS DEVELOPMENT, GAME SITUATIONS, ETC. THESE ARE ALL AGE-GROUP SESSIONS SO THAT YOUTH ATHLETES ARE PRACTICING WITH OTHERS OF THE SAME AGE GROUP.
    Expenses $276,736 · revenue $284,847
  • BASKETBALL CLUB TEAMS - SOCAL ELITE'S CLUB BASKETBALL TEAMS ARE A GREAT OPPORTUNITY FOR CHILDREN TO PLAY AGAINST THE TOP COMPETITION IN SOUTHERN CALIFORNIA. THIS EXPOSURE TO THE BEST COMPETITION IS PARAMOUNT TO A PLAYER'S IMPROVEMENT ON A GRANDER STAGE. OUR CLUB TEAMS PLAY IN 1-2 TOURNAMENTS PER MONTH AND PRACTICE TWO OR THREE TIMES PER WEEK IN INDOOR GYMNASIUMS. PLAYING ON A SOCAL ELITE CLUB TEAM IS A GREAT WAY TO DEVELOP CAMARADERIE WITH FELLOW TEAMMATES, ALL THE WHILE PLAYING AGAINST TOP-NOTCH COMPETITION. UNIQUE TO SOCAL ELITE, WE WILL ASSIST YOU WITH ANY FINANCIAL DIFFICULTIES YOU HAVE; OUR MAIN FOCUS IS TO MAKE SURE THAT THOSE PLAYERS WHO CAN PLAY AT THE CLUB LEVEL, DO PLAY AT THE CLUB LEVEL.
    Expenses $263,719 · revenue $208,538
  • VOLLEYBALL YOUTH LEAGUES - SOCAL ELITE CONDUCTS SEASONAL VOLLEYBALL YOUTH LEAGUES, EACH OF WHICH RUN FROM FIVE TO TEN WEEKS. LEAGUE PARTICIPANTS CAN COME FROM VARIOUS SOCAL ELITE PROGRAMS OR FROM OTHER YOUTH RESIDENTS WITHIN THE ORANGE COUNTY COMMUNITY.
    Expenses $163,493 · revenue $108,256

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-3781495
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2007
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$902,727
Income (IRS master file)
$1,487,364

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,487,364$1,500,388$902,727XML
990December 2023$1,449,808$1,566,106$928,208XML
990December 2022$1,518,135$1,302,513$1,055,937IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-3781495).

Questions about SOCAL-ELITE SPORTS INC

What is the EIN of SOCAL-ELITE SPORTS INC?
The employer identification number (EIN) of SOCAL-ELITE SPORTS INC is 20-3781495.
Is SOCAL-ELITE SPORTS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to SOCAL-ELITE SPORTS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SOCAL-ELITE SPORTS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SOCAL-ELITE SPORTS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SOCAL-ELITE SPORTS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of SOCAL-ELITE SPORTS INC?
The 990 for the year ended December 31, 2024 names CARY LAMBETH.
Who are the officers and directors of SOCAL-ELITE SPORTS INC?
The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $92,000 (CARY LAMBETH, VP & Secretary).
How much revenue does SOCAL-ELITE SPORTS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,487,364, expenses of $1,500,388 and total assets of $902,727 at year end.

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