The goal of Palisades Elite is to develop each athletes basketball abilities and court sense as well as their cognitive abilities. We have built a brand on that success. Palisades Elite players are student athletes, making an impact on and off the court. Palisades Elite coaches work with both individuals and the team to set and meet personal and collective goals. Alongside excellent coaching, we strive to instill confidence and a strong work ethic through positive reinforcement.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $20K a year · 7% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$319K
+31% vs prior year
Spent
$309K
To programs
0%
Net assets
$0
By yearFY2020–FY2025
Revenue
$319K
FY2022▲ +31%
Tap a bar for its year
Revenue by fiscal year
FY2020$172K
FY2021$243K
FY2022$319K
FY2023$295K
FY2024$273K
FY2025$290K
Expenses
$309K
FY2022▲ +63%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$190K
FY2022$309K
FY2023$288K
FY2024$248K
FY2025$285K
Net assets
$0
FY2022▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$127K
FY2021$91K
FY2022$0
FY2023$0
FY2024$0
FY2025$0

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2016.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $309K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
Vice President
$0Pt VII · Sec A
See Palisades Elite executive salaries →

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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

Develops young athletes' basketball skills, court sense, and cognitive abilities through positive coaching.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

Palisades Elite is currently a corporation, and filing a 503c for the status of being non-profit. This status will allow us to use funding sources to serve children in our community who may need financial assistance.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$319K
Ln 12
Other incomeLn 4–11$319K
Money outPt IX
$309K
Ln 25
Managementcol C$309K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$319K
Gains on assetsLn 7$0
Total revenueLn 12$319K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
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 FY22End FY22
Cash and savingsLn 1–2$45K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$92K$0
LiabilitiesLn 26$837$0
Net assetsLn 32$91K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$133K$133K
Advertising and promotionLn 12$0
Office expensesLn 13$2K$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$9K$9K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$156K$156K
All other expensesLn 24e$9K$9K
Total functional expensesLn 25$309K$0$309K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $290K$285K$6K$0 990 PDF
FY2024 $273K$248K$25K$0 990 PDF
FY2023 $295K$288K$7K$0 990 PDF
FY2022 Viewing $319K$309K$11K$0 990 PDF
FY2021 $243K$190K$54K$91K 990 PDF
FY2020 $172K$127K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $319,459 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $243,388$319,459
I-12 Total revenuePrior year $243,388$319,459
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $26,217$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $163,375$308,855
I-18 Total expensesPrior year $189,592$308,855
I-19 Revenue less expensesPrior year $53,796$10,604
Part VI · Governance 0 of 1 board members independent, 4 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $319,459 across 7 lines filed
Lines not itemized here account for $319,459 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment income$0
VIII-5 Royalties$0
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 revenue$319,459
Part IX · Statement of functional expenses $308,855 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $133,415$133,415
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $1,657$1,657
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $9,141$9,141
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $156,063$156,063
IX-24e All other expensesManagement $8,579$8,579
IX-25 Total functional expensesPrograms $0 · Management $308,855 · Fundraising $0$308,855
Part X · Balance sheet $0 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $44,864$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year −$150$0
X-8 Inventories for sale or useStart of year $42,631$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $4,883$0
X-16 Total assetsStart of year $92,228$0
X-26 Total liabilitiesStart of year $837$0
X-32 Total net assets or fund balancesStart of year $91,391$0
X-33 Total liabilities and net assetsStart of year $92,228$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$319,459
XI-2 Total expenses$308,855
XI-3 Revenue less expenses$10,604
XI-4 Net assets at start of year$91,391
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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