Nonprofit · EIN 82-2771960
TEAM ELEVATION A NJ NONPROFIT CORPORATION
Tax-exempt (reinstated) · DAYTON, NJ 08810
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2024 | 990-EZ | $80,957 | $85,042 | -$4,085 | $5,403 | $0 | $5,403 |
| August 31, 2023 | 990-EZ (amended) | $114,383 | $113,871 | $512 | $9,488 | $0 | $9,488 |
| August 31, 2022 | 990-EZ | $155,494 | $152,717 | $2,777 | $9,593 | $0 | $9,593 |
Financial details: 990-EZ for the year ended August 31, 2024
Revenue
- Contributions, gifts and grants
- $3,000
- Membership dues
- $70,860
- Program service revenue
- $200
- Investment income
- $0
- Net income from fundraising events
- $9,008
- Net income from sales of inventory
- -$2,111
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $7,397
- Occupancy
- $1,066
- Other expenses
- $76,579
- Program services (functional)
- $72,330
Balance sheet and other
- Total assets, start of year
- $9,488
- Total assets, end of year
- $5,403
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,403
- Cash, savings and investments
- $403
- Gross receipts
- $83,082
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-EZ for the year ended August 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rex Mangrum | President | 25 | $0 |
| Kelly Murchison | Vice President | 25 | $0 |
| Brian Rawls | Trustee | 10 | $0 |
990-EZ for the year ended August 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rex Mangrum | President | 25 | $0 |
| Kelly Murchison | Vice President | 25 | $0 |
| Brian Rawls | Trustee | 10 | $0 |
990-EZ for the year ended August 31, 2022: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rex Mangrum | President | 25 | $0 |
| Kelly Murchison | Vice President | 25 | $0 |
| Brian Rawls | Trustee | 10 | $0 |
Address and contacts
- Address (IRS master file)
- D3 LINCOLN LN, DAYTON, NJ 08810-1360
- In care of
- % GEORGETTE CURLING
- Signed the 990-EZ
- Rex Mangrum, President & CEO
- Phone
- (732) 823-9897
- Website
- https://teamelevationnj.org/
- Return prepared by
- Nicole A Fernandez DBA D'Lyte-Ful Solutions
Mission
Amateur Sports Teams,Training, Mentoring & Tournaments - TEAM ELEVATION is organized to promote amateur sports competition and mentor young people by using basketball and other sports to elevate each individual student-athlete on the court and in life experiences while emphasizing positive attitudes and instilling the core values of discipline, teamwork, respect, and integrity. TEAM ELEVATION engages in the following activities: 1-Elevation Basketball Academy - Skills and Development Training: Provides an affordable, quality program for children, ages 5 to 18 where Coaches focus on the development of each player during training sessions that focus on the fundamentals of the sport and Certified Personal trainers provide strength, agility and conditioning drill sessions weekly. 2-AAU - Tournament Participation: Team Elevation teams participate in local and nationally recognized, competitive tournaments hosted by well-known organizations throughout the year.
Program accomplishments
- This year we served over 200 young althetes through our Athletic Summer Camp, Spring, Fall & Winter BASKETBALL Acamdemy & AAU League TournamentsExpenses $72,330
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | Not on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990-EZ on file |
IRS record
- EIN
- 82-2771960
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N62)
- Assets (IRS master file)
- $5,403
- Income (IRS master file)
- $83,082
Revocation and reinstatement
- Exemption revoked
- January 15, 2023
- Posted by the IRS
- April 10, 2023
- Reinstated
- Effective January 15, 2023
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | August 2024 | $80,957 | $85,042 | $5,403 | XML |
| 990-EZ | August 2023 | $114,383 | $113,871 | $9,488 | XML |
| 990-EZ | August 2022 | $155,494 | $152,717 | $9,593 | XML |
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 82-2771960).
Questions about TEAM ELEVATION A NJ NONPROFIT CORPORATION
- What is the EIN of TEAM ELEVATION A NJ NONPROFIT CORPORATION?
- The employer identification number (EIN) of TEAM ELEVATION A NJ NONPROFIT CORPORATION is 82-2771960.
- Is TEAM ELEVATION A NJ NONPROFIT CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on January 15, 2023 and reinstated it effective January 15, 2023.
- Are donations to TEAM ELEVATION A NJ NONPROFIT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TEAM ELEVATION A NJ NONPROFIT CORPORATION 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 TEAM ELEVATION A NJ NONPROFIT CORPORATION due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TEAM ELEVATION A NJ NONPROFIT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended August 2024.
- Who are the officers and directors of TEAM ELEVATION A NJ NONPROFIT CORPORATION?
- The 990-EZ for the year ended August 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does TEAM ELEVATION A NJ NONPROFIT CORPORATION have?
- On its 990-EZ for the year ended August 31, 2024 it reported revenue of $80,957, expenses of $85,042 and total assets of $5,403 at year end.
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