Nonprofit · EIN 87-3290248
BROOKLYN ELITE VOLLEYBALL INC
Tax-exempt · BROOKLYN, NY 11231
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $650,233 | $846,907 | -$196,674 | -$44,476 | $0 | -$44,476 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $20,000
- Program service revenue
- $630,233
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $31,200
- Other salaries and wages
- $347,022
- Salaries, compensation and benefits (total)
- $418,932
- Professional fundraising fees
- $0
- Accounting fees
- $650
- Occupancy
- $140,407
- Travel
- $4,833
- Program services (functional)
- $846,907
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- -$44,476
- Total liabilities, end of year
- $0
- Net assets, end of year
- -$44,476
- Gross receipts
- $650,233
- Employees
- 3
- Volunteers
- 0
- Year formed
- 2024
- State of legal domicile
- NY
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| OTTO LOCAYO | PRESIDENT Trustee or director, Officer | 40 | $21,600 |
| BENJAMIN DIAZ | VICE PRESIDENT Trustee or director, Officer | 20 | $9,600 |
| GABRIELLE COYLE | DIRECTOR Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 295 COLUMBIA ST APT 4, BROOKLYN, NY 11231-1320
- In care of
- % OTTO LACAYO
- Principal officer (990 for 2024)
- OTTO LACAYO, 295 COLUMBIA ST APT 5, BROOKLYN, NY 11231
- Signed the 990
- OTTO LACAYO, PRESIDENT
- Phone
- (626) 590-6937
- Return prepared by
- PARIS ACCOUNTING CORP
Mission
THE ORGANIZATION'S MISSION IS TO PROVIDE UNDERPRIVELEGED STUDENT-ATHLETES WITH TRAINING, EQUIPMENT, FACILITIES AND GUIDANCE TO PROMOTE GROWTH IN VOLLEYBALL AND LIFE.
Program accomplishments
- THE ORGANIZATION PROVIDES UNDERPRIVELEGED STUDENT-ATHLETES WITH TRAINING, EQUIPMENT, FACILITIES AND GUIDANCE TO PROMOTE BOTH GROWTH IN ATHLETICS AND LIFE THROUGH VOLLEYBALL.Expenses $846,907 · revenue $630,233
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | Check at the IRS |
IRS record
- EIN
- 87-3290248
- 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
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N60)
- Assets (IRS master file)
- $44,476
- Income (IRS master file)
- $650,233
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $650,233 | $846,907 | -$44,476 | 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 87-3290248).
Questions about BROOKLYN ELITE VOLLEYBALL INC
- What is the EIN of BROOKLYN ELITE VOLLEYBALL INC?
- The employer identification number (EIN) of BROOKLYN ELITE VOLLEYBALL INC is 87-3290248.
- Is BROOKLYN ELITE VOLLEYBALL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to BROOKLYN ELITE VOLLEYBALL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BROOKLYN ELITE VOLLEYBALL 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 BROOKLYN ELITE VOLLEYBALL INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BROOKLYN ELITE VOLLEYBALL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of BROOKLYN ELITE VOLLEYBALL INC?
- The 990 for the year ended May 31, 2025 names OTTO LACAYO.
- Who are the officers and directors of BROOKLYN ELITE VOLLEYBALL INC?
- The 990 for the year ended May 31, 2025 lists 3 people; 2 received compensation from the organization, the highest $21,600 (OTTO LOCAYO, PRESIDENT).
- How much revenue does BROOKLYN ELITE VOLLEYBALL INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $650,233, expenses of $846,907 and total assets of -$44,476 at year end.
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