Team Takeover INC FY2021 filing

Tax-deductible

Uppr Marlboro, MD501(c)(3)Youth DevelopmentEIN 35-2436495

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The organization is committed to making a positive difference in the lives of student atheletes, ages 8 to 18 by utilizing the rigots of athelic competition.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $31K a year · 10% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $33K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 5 voting members
Worth a look: 2 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$292K
+56% vs prior year
Spent
$253K
To programs
97%
Net assets
$32K
By yearFY2019–FY2024
Revenue
$292K
FY2021▲ +56%
Revenue by fiscal year
FY2019$385K
FY2020$187K
FY2021$292K
FY2022$350K
FY2023$258K
FY2024$485K
Expenses
$253K
FY2021▲ +65%
Expenses by fiscal year
FY2019$347K
FY2020$154K
FY2021$253K
FY2022$284K
FY2023$140K
FY2024$592K
Net assets
$32K
FY2021▲ +4%
Net assets by fiscal year
FY2019$8K
FY2020$31K
FY2021$32K
FY2022$27K
FY2023$109K
FY2024$9

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $245K Management & general 3% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
Athletic Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Keith Stevens’s $14K as President is at the 10th percentile of top reported officer pay among 1993 $100K–1M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2023FY2019
Douglas Martin—$30,750
Keith Stevens$14,073$30,000
Stanley Childs—$12,972

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowering young athletes, ages 8-18, through rigorous athletic competition.

Provided by the organization

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1 program service account for $253K of program spending, described in the organization's own filed words · FY2021.
01

Team Takeover (DC) Youth Organization is an organization that is committed to making a positive difference in the lives of student athletes ages 8 to 18 by utilizing the rigors of athletic competition

$253Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$33K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$292K
Ln 12
Fees for servicesLn 2g$184K
Gifts and grantsLn 1h$108K
Money outPt IX
$253K
Ln 25
Programscol B$245K
Managementcol C$8K
Owns and owesPt X
$32K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$32K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$108K
Fees for servicesLn 2g$184K
Gains on assetsLn 7$0
Total revenueLn 12$292K
Assets in detailPt X, end of year
CashLn 1$212
SavingsLn 2$3K
Cash and savings togetherLn 1–2$3K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$32K
LiabilitiesLn 26$0
Net assetsLn 32$32K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3K$3K
Land, buildings, equipmentLn 10c$1K$0
Total assetsLn 16$31K$32K
LiabilitiesLn 26$0$0
Net assetsLn 32$31K$32K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$28K$21K$7K
Accounting feesLn 11c$7K$7K
Office expensesLn 13$1K$1K
TravelLn 17$175K$175K
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$40K$40K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$253K$245K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $485K$592K−$107K$9 990 PDF
FY2023 $258K$140K$118K$109K 990 PDF
FY2022 $350K$284K$66K$27K 990 PDF
FY2021 Viewing $292K$253K$39K$32K 990 PDF
FY2020 $187K$154K$34K$31K 990 PDF
FY2019 $385K$347K$38K$8K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $292,175 across 7 lines filed
VIII-1f All other contributions, gifts and grants$108,300
VIII-1h Total contributions, gifts and grants$108,300
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$183,875
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$292,175
Part IX · Statement of functional expenses $252,820 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $21,005 · Management $7,001$28,006
IX-11c Accounting feesPrograms $7,200$7,200
IX-13 Office expensesManagement $1,092$1,092
IX-17 TravelPrograms $175,072$175,072
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $1,787$1,787
IX-24 Other expenses (24a–d)Programs $39,663$39,663
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $244,727 · Management $8,093 · Fundraising $0$252,820
Part X · Balance sheet $31,960 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $3,000$212
X-2 Savings and temporary cash investments$3,000
X-4 Accounts receivableStart of year $26,648$28,748
X-10c Land, buildings and equipment, netStart of year $1,004$0
X-16 Total assetsStart of year $30,652$31,960
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $30,652$31,960
X-33 Total liabilities and net assetsStart of year $30,652$31,960
Part XI · Reconciliation of net assets $31,960 net assets at year end
XI-1 Total revenue$292,175
XI-2 Total expenses$252,820
XI-3 Revenue less expenses$39,355
XI-4 Net assets at start of year$30,652
XI-8 Prior period adjustments−$38,047
XI-10 Net assets at end of year$31,960

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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