Team Takeover INC EIN 35-2436495 Form 990 (PDF) Claim this org

Team Takeover INC FY2023 filing

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Empowering young athletes, ages 8-18, through rigorous athletic competition. For fiscal year 2023 it reported $258K in revenue, $140K in expenses, and $109K in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
Uppr Marlboro, MD
Website
www.team-takeover.com
Filings
6 on file (2019–2023)
Revenue
$258KFY2023
Expenses
$140K
Net assets
$109K
People
4
Filings
6
Updates
0
More identity details & actions ⌄
EIN  35-2436495 Public charity (501(c)(3)) Uppr Marlboro, MD
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowering young athletes, ages 8-18, through rigorous athletic competition.
Leadership
Keith Stevens · President · $14K
Money in and out
$258K revenue, $140K expenses
Bottom line
90% program efficiency
Where the money goes · FY2023
Total revenue
$258K
Pt VIII · Ln 12
Total expenses
$140K
Pt IX · Ln 25
Net assets
$109K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $118K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Program efficiency
90%
of spending reaches programs
Operating runway
9.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+46%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$258K
FY2023▼ -26%
Expenses
$140K
FY2023▼ -51%
Total assets
$109K
FY2023▲ +310%
Total liabilities
$0
FY2023
Total revenue
$258K
Pt VIII · Ln 12
Total expenses
$140K
Pt IX · Ln 25
Net assets
$109K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$118K
Total assetsPt X · Ln 16$109K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTeam Takeover INC
EINHdr · item D35-2436495
Principal addressHdr · item CUppr Marlboro, MD
WebsiteHdr · item Jwww.team-takeover.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFFeb 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$14,073Pt VII · Sec A
Athletic Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secrertary
$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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Mission & Programs · Part III

Where the work happens

1 program service account for $125K of program spending, described in the organization's own filed words · FY2023.
01

Our organization has ___ boys and girls teams ranging from the ages __ to __. That is a total of ____ players. As an organization we have collective won __ tournaments, __ titles, and advanced ____ players to the collegiate ranks with __ on scholarship at Division level teams.

$125Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$174K · 67%
Contributions & grants$84K · 33%
Program service revenue67%$174K
Contributions & grants33%$84K
Total revenueLn 12$258K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$125K
Management & general10%$14K
Total functional expensesLn 25$140K

Balance Sheet

Part X · end of year
CashLn 1$108K
Total assetsLn 16$109K
Total liabilitiesLn 26$0
Total net assetsLn 32$109K
Months of cash on handcomputed9.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $108K · Operating expenses/yr $140K
9.3 months
Where the money goes
Program services
Program services $125K · Total expenses $140K
90%
Management & General
Management & general $14K · Total expenses $140K
10%
Fundraising
Fundraising $0 · Total expenses $140K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $96K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $84K · Total revenue $258K
33%
Government reliance
Government grants — · Total revenue $258K
Earned-income share
Program service revenue $174K · Total revenue $258K
67%
Investment reliance
Investment income $0 · Total revenue $258K
0%
Program self-sufficiency
Program service revenue $174K · Total expenses $140K
124%
Growth & trend
Revenue growth (YoY)
This year $258K · Prior year $350K
-26%
Revenue CAGR
FY2019 $385K · FY2023 $258K
-10%
Net-asset trend (YoY)
End of year $109K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $258K · Expenses $140K
+46%
Liabilities-to-Assets
Total liabilities — · Total assets $109K
Net-asset ratio
Net assets $109K · Total assets $109K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $109K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Keith Stevens · Reported title President · Highest reported compensation $14K · Total expenses $140K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $14K · Total expenses $140K
10%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Fundraising cost ratio 0%
Revenue growth -26%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

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

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$485K revenue · ⤓ 990 PDF
FY2023$258K revenue · viewing · ⤓ 990 PDF
FY2022$350K revenue · ⤓ 990 PDF
FY2021$292K revenue · ⤓ 990 PDF
FY2020$187K revenue · ⤓ 990 PDF
FY2019$385K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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