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Nonprofit · EIN 83-2309792

TEAM Y2K

Tax-exempt · RIVER FOREST, IL 60305

Financials

$403K$393K2023
Revenue Expenses · by fiscal year end
Financials of TEAM Y2K by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$403,387$392,865$10,522$119,681$3,563$116,118
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$200
Program service revenue
$403,187
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$90,500
Salaries, compensation and benefits (total)
$90,500
Professional fundraising fees
$0
Occupancy
$56,479
Travel
$33,153
Program services (functional)
$382,791
Management and general (functional)
$10,074

Balance sheet and other

Total assets, start of year
$105,859
Total assets, end of year
$119,681
Total liabilities, end of year
$3,563
Net assets, end of year
$116,118
Net assets without donor restrictions
$116,118
Gross receipts
$403,387
Employees
0
Volunteers
50
Year formed
2018
State of legal domicile
IL

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, 2023, highest compensation first.

NameTitleHours / weekCompensation
KATHY RIGALIPresident
Officer
20$90,500
GREG RIGALIVice President
Officer
1$0
MEGAN FOODYSecretary
Officer
1$0

Address and contacts

Address (IRS master file)
PO BOX 5152, RIVER FOREST, IL 60305-5152
In care of
% KATHY RIGALI
Principal officer (990 for 2023)
KATHY RIGALI, PO BOX 5152, RIVER FOREST, IL 60305
Signed the 990
KATHY RIGALI, President
Phone
(630) 548-9600
Return prepared by
Susan S Lewis Ltd

Mission

Every day we strive to provide an environment where personal excellence, teamwork and commitment are expected. Through the pursuit of dreams and goals, we will learn valuable life skills and develop the drive to achieve our potential in swimming and life. We are committed to fostering a healthy environment (mentally and physically) where kids feel safe, and are not afraid to fall down, fall short or fail in the lofty pursuit of their dreams. This is where character is developed. To build a tradition of swimming excellence tied to the Oak Park/River Forest community. We will have the reputation of being a safe space that produces passionate, inspired and high achieving swimmers, coaches and parents. We will strive to give back to the community that supports us.

990 for the year ended December 31, 2023

Program accomplishments

  • TEAM Y2K ACHIEVED THREE MAIN GOALS IN 2022:WE HAVE ACCESS TO FINITE POOL TIME AND SPACE AND HAVE STARTED TO MAKE INROADS TO OBTAIN MORE WATER TIME. WE CONTINUE TO MAINTAIN A MEMBERSHIP AT CAPACITY! WE WORK HARD TO CHALLENGE OUR RANGE OF SWIMMERS SO THEY GROW AND IMPROVE IN THE SPORT.TEAM Y2K, AS A TEAW, HAD OVER 80% OF THE ROSTER PARTICIPATE IN A SANCTIONED SWIM MEET. THIS IS THE HIGHEST % OF SWIM MEET INVOLVEMENT WE HAVE HAD AND IS A DIRECT RESULT OF INCREASING OUR REGISTERED TEAM OFFICIALS.AND FOR THE FIRST TIME, OVER 58% OF OUR SWIMMERS THAT COMPETED ACHIEVED USA SWIMMING BB TIMES STANDARDS OR FASTER.
    Expenses $382,791 · revenue $403,187

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, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
83-2309792
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
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$119,681
Income (IRS master file)
$403,387

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$403,387$392,865$119,681XML
990December 2022$367,729$351,603$105,859IRS
990December 2021–––IRS
990-EZDecember 2020–––IRS
990December 2019–––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 83-2309792).

Questions about TEAM Y2K

What is the EIN of TEAM Y2K?
The employer identification number (EIN) of TEAM Y2K is 83-2309792.
Is TEAM Y2K tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to TEAM Y2K tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TEAM Y2K 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 Y2K 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 TEAM Y2K last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of TEAM Y2K?
The 990 for the year ended December 31, 2023 names KATHY RIGALI.
Who are the officers and directors of TEAM Y2K?
The 990 for the year ended December 31, 2023 lists 3 people; 1 received compensation from the organization, the highest $90,500 (KATHY RIGALI, President).
How much revenue does TEAM Y2K have?
On its 990 for the year ended December 31, 2023 it reported revenue of $403,387, expenses of $392,865 and total assets of $119,681 at year end.

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