Nonprofit · EIN 85-1216952
TEAM 402
Tax-exempt · LINCOLN, NE 68542
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,614,378 | $1,939,129 | -$324,751 | $397,330 | $31,402 | $365,928 |
| June 30, 2024 | 990 | $1,365,238 | $801,478 | $563,760 | $705,284 | $14,605 | $690,679 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $627,185
- Membership dues
- $597,278
- Program service revenue
- $792,381
- Investment income
- $13,281
- Net income from fundraising events
- $9,307
- Other revenue
- $181,531
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $647,095
- Salaries, compensation and benefits (total)
- $662,225
- Professional fundraising fees
- $0
- Legal fees
- $3,995
- Occupancy
- $652,189
- Travel
- $6,295
- Program services (functional)
- $1,870,935
- Management and general (functional)
- $68,194
Balance sheet and other
- Total assets, start of year
- $705,284
- Total assets, end of year
- $397,330
- Total liabilities, end of year
- $31,402
- Net assets, end of year
- $365,928
- Net assets without donor restrictions
- $365,928
- Gross receipts
- $1,614,378
- Employees
- 15
- Volunteers
- 100
- Year formed
- 2021
- State of legal domicile
- NE
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARA MARTIN | SECRETARY Trustee or director | 40 | $85,000 |
| DAKOTA JUDDS | TREASURER Trustee or director | 10 | $0 |
| KEVIN MARTIN | EXECUTIVE DI Trustee or director | 12 | $0 |
| TRACY CHRISTIANSON | VICE PRESIDE Officer | – | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARA MARTIN | SECRETARY Trustee or director | 40 | $85,000 |
| DAKOTA JUDDS | TREASURER Trustee or director | 3 | $0 |
| KEVIN MARTIN | EXECUTIVE DI Trustee or director | 20 | $0 |
| TRACY CHRISTIANSON | VICE PRESIDE Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 23075, LINCOLN, NE 68542-3075
- In care of
- % SARA D MARTIN
- Principal officer (990 for 2024)
- KEVIN MARTIN, 410 E HILLCREST DR, LINCOLN, NE 68520
- Signed the 990
- DAKOTA JUDDS, TREASURER
- Phone
- (402) 525-5568
- Return prepared by
- SHOTKOSKI & ASSOCIATES PC
Mission
CHARITABLE EDUCATIONAL ORGANIZATION WHOSE FOCUS IS TO FOSTER REGIONAL, NATIONAL OR INTERNATIONAL AMATEUR SPORTS COMPETITION.
Program accomplishments
- ESTABLISHMENT AND MANAGEMENT OF YOUTH SPORTS TEAMS, PROTECT YOUTH ATHLETES AND THEIR FAMILIES FROM EXPLOITATION, PROVIDE ACCESS TO THE BEST FACILITIES AND COACHES FOR ALL ATHLETES AT ALL LEVELS, SO THAT AN ATHLETE'S WORK ETHIC ALONE DETERMINES WHERE S/HE REACHES THEIR FULL POTENTIAL AND PROMOTE THE EDUCATIONAL VALUE OF YOUTH SPORTS BY CONNECTING LESSONS IN COMPETITION, SPORTSMANSHIP, TEAMWORK, RESILIENCE, CONFIDENCE AND ACCOUNTABILITY TO ATHLETIC SUCCESS.
- ESTABLISHMENT AND MANAGEMENT OF YOUTH SPORTS TEAMS, PROTECT YOUTH ATHLETES AND THEIR FAMILIES FROM EXPLOITATION, PROVIDE ACCESS TO THE BEST FACILITIES AND COACHES FOR ALL ATHLETES AT ALL LEVELS, SO THAT AN ATHLETE'S WORK ETHIC ALONE DETERMINES WHERE S/HE REACHES THEIR FULL POTENTIAL AND PROMOTE THE EDUCATIONAL VALUE OF YOUTH SPORTS BY CONNECTING LESSONS IN COMPETITION, SPORTSMANSHIP, TEAMWORK, RESILIENCE, CONFIDENCE AND ACCOUNTABILITY TO ATHLETIC SUCCESS.Expenses $1,870,935
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 85-1216952
- 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
- 2022
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N64)
- Assets (IRS master file)
- $397,330
- Income (IRS master file)
- $1,614,378
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $343,116 | $270,397 | $130,988 | IRS |
| 990 | June 2022 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about TEAM 402
- What is the EIN of TEAM 402?
- The employer identification number (EIN) of TEAM 402 is 85-1216952.
- Is TEAM 402 tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to TEAM 402 tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TEAM 402 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 402 due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TEAM 402 last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of TEAM 402?
- The 990 for the year ended June 30, 2025 names KEVIN MARTIN.
- Who are the officers and directors of TEAM 402?
- The 990 for the year ended June 30, 2025 lists 4 people; 1 received compensation from the organization, the highest $85,000 (SARA MARTIN, SECRETARY).
- How much revenue does TEAM 402 have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,614,378, expenses of $1,939,129 and total assets of $397,330 at year end.
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All nonprofits in LINCOLN · Nebraska · Recreation and sports