Nonprofit · EIN 88-0978330
MARYLAND BOBCATS YOUTH ACADEMY INC
Tax-exempt · HYATTSVILLE, MD 20783
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,023,270 | $1,111,791 | -$88,521 | $21,286 | $76,146 | -$54,860 |
| December 31, 2023 | 990 | $376,722 | $400,555 | -$23,833 | $65,772 | $32,109 | $33,663 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $13,966
- Program service revenue
- $430,979
- Investment income
- $0
- Other revenue
- $578,325
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $93
- Accounting fees
- $10,800
- Occupancy
- $88,278
- Travel
- $70,197
- Program services (functional)
- $1,094,392
- Management and general (functional)
- $17,399
Balance sheet and other
- Total assets, start of year
- $65,772
- Total assets, end of year
- $21,286
- Total liabilities, end of year
- $76,146
- Net assets, end of year
- -$54,860
- Gross receipts
- $1,023,270
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2022
- State of legal domicile
- MD
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 |
|---|---|---|---|
| ALEX KAO | OFFICER Officer | 30 | $36,000 |
| ANKUR PATEL | DIRECTOR Trustee or director | 5 | $0 |
| AYOKUNLE OLULEYE | DIRECTOR Trustee or director | 5 | $0 |
| BABAJIDE SABA | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANKUR PATEL | DIRECTOR Trustee or director | 5 | $0 |
| AYOKUNLE OLULEYE | DIRECTOR Trustee or director | 5 | $0 |
| BABJIDE SABA | DIRECTOR Trustee or director | 5 | $0 |
| ALEX KAO | OFFICER Trustee or director, Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 830 15TH AVENUE, HYATTSVILLE, MD 20783-0000
- In care of
- % ALEX KAO
- Principal officer (990 for 2024)
- ALEX KAO PRESIDENT, 8304 15TH AVENUE, HYATTSVILLE, MD 20783
- Signed the 990
- ALEX KAO, PRESIDENT
- Phone
- (301) 821-6089
- Website
- BOBCATSYOUTHACADEMY.COM
- Return prepared by
- Nel Tax and Financial Solutions
Mission
YOUTH SPORTS ACADEMY:TO INSPIRE AND DEVELOP YOUNG ATHLETES THROUGH THEGAME OF SOCCER, FOSTERING A CULTURE OF EXCELLENCE, TEAMWORK, AND PERSONAL GROWTH. TO PROVIDE A PROFESSIONAL AND NURTURING ENVIRONMENT WHERE PLAYERS CAN CULTIVATE THEIR PASSION FOR THE SPORT AND DEVELOP SKILLS.
Program accomplishments
- PER OFFICER ALEX KAO, MARYLAND BOBCATS YOUTH ACADEMY INC RECEIVED A TOTAL OF $578,325 IN COUNTER DEPOSITS DURING 2024 FROM HELPING HANDS THERAPEAUTIC SERVICES. PER OFFICER ALEX KAO, THE DEPOSITS RECEIVED EACH MONTH WERE RESTRICTED BY HELPING HANDS THERAPEAUTIC SERVICES FOR MARYLAND BOBCATS YOUTH ACADEMY INC TO USE THE FUNDS TO PAY FOR SPONSORSHIP AND ADVERTISEMENT TO THE MARYLAND BOBCATS FC LLC. PER OFFICER ALEX KAO, THE HELPING HANDS THERAPEAUTIC SERVICES BUSINESS CONTRIBUTED RESTRICTED FUNDS TO THE MARLAND BOBCAT YOUTH ACADEMY FOR SPONSORSHIP AND ADVERTISEMENT PURPOSES ONLY SO THE PROFESSIONAL SOCCER TEAM COULD INCREASE PUBLIC AWARENESS ABOUT THE NONPROFIT YOUTH ACADEMY.Expenses $578,325 · revenue $578,325
- MARYLAND BOBCATS YOUTH ACADEMY INC IS A YOUTH SPORTS ACADEMY THAT HELPED COACH AND DEVELOP OVER 280 REGISTRANTS BETWEEN THE AGES OF 8 THROUGH 19 DURING 2024 PRIMARILY FROM THE STATE OF MARYLAND AND SURROUNDING REGION.Expenses $516,067 · revenue $444,945
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 on file |
IRS record
- EIN
- 88-0978330
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N64)
- Assets (IRS master file)
- $21,286
- Income (IRS master file)
- $1,023,270
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,023,270 | $1,111,791 | $21,286 | XML |
| 990 | December 2023 | $376,722 | $400,555 | $65,772 | XML |
| 990-EZ | December 2022 | – | – | – | 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 88-0978330).
Questions about MARYLAND BOBCATS YOUTH ACADEMY INC
- What is the EIN of MARYLAND BOBCATS YOUTH ACADEMY INC?
- The employer identification number (EIN) of MARYLAND BOBCATS YOUTH ACADEMY INC is 88-0978330.
- Is MARYLAND BOBCATS YOUTH ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to MARYLAND BOBCATS YOUTH ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MARYLAND BOBCATS YOUTH ACADEMY 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 MARYLAND BOBCATS YOUTH ACADEMY INC 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 MARYLAND BOBCATS YOUTH ACADEMY INC 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 MARYLAND BOBCATS YOUTH ACADEMY INC?
- The 990 for the year ended December 31, 2024 names ALEX KAO PRESIDENT.
- Who are the officers and directors of MARYLAND BOBCATS YOUTH ACADEMY INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $36,000 (ALEX KAO, OFFICER).
- How much revenue does MARYLAND BOBCATS YOUTH ACADEMY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,023,270, expenses of $1,111,791 and total assets of $21,286 at year end.
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All nonprofits in HYATTSVILLE · Maryland · Recreation and sports