Nonprofit · EIN 86-2135723
BFIT BIG DREAMS YOUTH INCORPORATED
Tax-exempt · CHARLOTTE, NC 28227
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $172,526 | $88,532 | $83,994 | $88,694 | $4,700 | $83,994 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $66,032
- Program service revenue
- $21,051
- Investment income
- $0
- Other revenue
- $85,443
Expenses
- Grants and similar amounts paid
- $168
- Other salaries and wages
- $43,928
- Salaries, compensation and benefits (total)
- $43,928
- Professional fundraising fees
- $0
- Occupancy
- $2,441
- Travel
- $10,217
- Program services (functional)
- $1,259
- Management and general (functional)
- $87,273
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $88,694
- Total liabilities, end of year
- $4,700
- Net assets, end of year
- $83,994
- Gross receipts
- $172,526
- Employees
- 0
- Year formed
- 2021
- State of legal domicile
- NC
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MELITA MITCHELL | BOARD CHAIR Trustee or director | 40 | $0 |
| LAURIE SMAN | TREASURER Trustee or director | 40 | $0 |
| MARTIN JACKSON | SECRETARY Trustee or director | 40 | $0 |
| BRENDAN MAY | EXECUTIVE DIRECTOR Trustee or director | 40 | $0 |
| TERENCE CUNNINGHAM | – Trustee or director | 40 | $0 |
| SHANNON CLAY | – Trustee or director | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 6125 DWIGHTWARE BLVD, CHARLOTTE, NC 28227-3229
- Mailing address (990-N for 2023)
- 6125 DWIGHTWARE BLVD, CHARLOTTE NC 28227
- Principal officer (990 for 2024)
- BRENDAN MAY, 6125 DWIGHT WARE BLVD, CHARLOTTE, NC 28227
- Principal officer (990-N for 2023)
- BRENDAN MAY, 6125 DWIGHTWARE BLVD, CHARLOTTE NC 28227
- Signed the 990
- BRENDAN MAY, EXECUTIVE DIRECTOR
- Phone
- (704) 458-8757
- Website
- WWW.365BFIT.CON/BIG-DREAMS
- Return prepared by
- A TEAM TAX
Mission
To empower young minds by fostering physical, mental, and social growth. Through diverse experiences, we inspire youth to dream big, think boldly, and reach their full potential.
Program accomplishments
- Provides a holistic approach to youth development, combining elite athletic training, academic support, and social-emotional learning (SEL) for 12-14 year old Boys. With mentorship, nutrition, and college/career exposure, we equip student athletes with the tools to thrive in school, sports, and life.Expenses $1,982 · revenue $18,910
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 86-2135723
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O31)
- Assets (IRS master file)
- $88,694
- Income (IRS master file)
- $172,526
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $172,526 | $88,532 | $88,694 | XML |
| 990-N for 2023 Officer: BRENDAN MAY | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: BRENDAN MAY | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2021 Officer: BRENDAN MAY | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 86-2135723).
Questions about BFIT BIG DREAMS YOUTH INCORPORATED
- What is the EIN of BFIT BIG DREAMS YOUTH INCORPORATED?
- The employer identification number (EIN) of BFIT BIG DREAMS YOUTH INCORPORATED is 86-2135723.
- Is BFIT BIG DREAMS YOUTH INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to BFIT BIG DREAMS YOUTH INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BFIT BIG DREAMS YOUTH INCORPORATED 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 BFIT BIG DREAMS YOUTH INCORPORATED 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 BFIT BIG DREAMS YOUTH INCORPORATED 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 BFIT BIG DREAMS YOUTH INCORPORATED?
- The 990 for the year ended December 31, 2024 names BRENDAN MAY.
- Who are the officers and directors of BFIT BIG DREAMS YOUTH INCORPORATED?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does BFIT BIG DREAMS YOUTH INCORPORATED have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $172,526, expenses of $88,532 and total assets of $88,694 at year end.
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