Team Prime Time INC FY2020 filing

Tax-deductible

Los Angeles, CA501(c)(3)Since 2001Youth DevelopmentEIN 95-4846644Revenue $1.2M in FY2020

On file with the IRS3740 Overland Ave Ste E, 90034-6378 · Los Angeles, CATax-exempt since Apr 2001Publicly supported charity — 170(b)(1)(A)(vi)

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Outreach to disadvantaged youth to promote education advancement, teamwork, and self esteem.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$166K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
4 of 6
filings with a surplus
Average surplus $206K a year · 7% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$166K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $353K
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$171K
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
Spent
$1.2M
To programs
85%
Net assets
$202K
By yearFY2020–FY2025
Revenue
$1.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.4M
FY2022$1.5M
FY2023$2.7M
FY2024$4.0M
FY2025$6.6M
Expenses
$1.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.1M
FY2022$1.6M
FY2023$2.8M
FY2024$3.8M
FY2025$5.9M
Net assets
$202K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$202K
FY2021$599K
FY2022$498K
FY2023$437K
FY2024$589K
FY2025$1.4M

From the FY2020 Form 990 (year ending July 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 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 Apr 2001.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $1.0M Management & general 9% · $103K Fundraising 7% · $80K

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

18 people listed on the 990; $166K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$166,000Pt VII · Sec A
Co-Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Corp. Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Peter Straus’s $238K as President is at the 93rd percentile of top reported officer pay among 1552 $1–10M 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Peter Straus$237,692$212,116$197,115$199,972$155,879$166,000

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.

See Team Prime Time INC 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 15aYes

Programs and updates

Helps disadvantaged youth advance education, teamwork, and self-esteem through outreach.

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Provided by the organization

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1 program · $1.0M · in their own filed words · FY2019
01

Intervention & outreach to disadvantaged youth, without discrimination, promote education advancement, teamwork, self esteem

$1.0Mprogram expense

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
See all 11 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.2M
Other incomeLn 4–11$5K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.0M
Managementcol C$103K
Fundraisingcol D$80K
Owns and owesPt X
$202K
net assets · Ln 32
Cash and savingsLn 1–2$304K
Total assetsLn 16$373K
LiabilitiesLn 26$171K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Other incomeLn 4–11$5K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$304K
Cash and savings togetherLn 1–2$304K
Land, buildings, equipmentLn 10c$12K
Other assetsLn 15$2K
Total assetsLn 16$373K
LiabilitiesLn 26$171K
Net assetsLn 32$202K
OperationsPt I, VI
EmployeesI 5258
VolunteersI 625
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$135K$304K
Land, buildings, equipmentLn 10c$20K$12K
Total assetsLn 16$188K$373K
LiabilitiesLn 26$38K$171K
Net assetsLn 32$150K$202K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$166K$83K$42K$42K
Other salaries and wagesLn 7$594K$581K$6K$6K
Payroll taxesLn 10$70K$62K$4K$4K
Legal feesLn 11b$12K$12K
Accounting feesLn 11c$20K$20K
Office expensesLn 13$64K$51K$6K$6K
OccupancyLn 16$60K$48K$6K$6K
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$38K$30K$4K$4K
Other expenses (24a–d)Ln 24$154K$139K$3K$12K
Total functional expensesLn 25$1.2M$1.0M$103K$80K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.6M$5.9M$795K$1.4M 990 PDF
FY2024 $4.0M$3.8M$152K$589K 990 PDF
FY2023 $2.7M$2.8M−$62K$437K 990 PDF
FY2022 $1.5M$1.6M−$100K$498K 990 PDF
FY2021 $1.4M$1.1M$397K$599K 990 PDF
FY2020 Viewing $1.2M$1.2M$52K$202K 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 FY2020 990 (6 parts)
Part I · Summary $1,237,214 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,297,791$1,232,312
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $4,200$4,902
I-12 Total revenuePrior year $1,301,991$1,237,214
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $849,968$830,189
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $425,160$354,871
I-18 Total expensesPrior year $1,275,128$1,185,060
I-19 Revenue less expensesPrior year $26,863$52,154
Part VI · Governance 18 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,237,214 across 5 lines filed
VIII-1b Membership dues$164,044
VIII-1f All other contributions, gifts and grants$1,068,268
VIII-1h Total contributions, gifts and grants$1,232,312
VIII-6 Net rental income or lossRelated to mission $4,902$4,902
VIII-12 Total revenueRelated to mission $4,902 · Unrelated business $0 · Excluded from tax $0$1,237,214
Part IX · Statement of functional expenses $1,185,060 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $83,000 · Management $41,500 · Fundraising $41,500$166,000
IX-7 Other salaries and wagesPrograms $581,480 · Management $6,181 · Fundraising $6,181$593,842
IX-10 Payroll taxesPrograms $61,519 · Management $4,414 · Fundraising $4,414$70,347
IX-11b Legal feesManagement $12,045$12,045
IX-11c Accounting feesManagement $19,650$19,650
IX-13 Office expensesPrograms $51,121 · Management $6,390 · Fundraising $6,390$63,901
IX-16 OccupancyPrograms $47,953 · Management $5,994 · Fundraising $5,994$59,941
IX-22 Depreciation, depletion and amortizationPrograms $7,240$7,240
IX-23 InsurancePrograms $30,205 · Management $3,775 · Fundraising $3,775$37,755
IX-24 Other expenses (24a–d)Programs $139,340 · Management $3,052 · Fundraising $11,947$154,339
IX-25 Total functional expensesPrograms $1,001,858 · Management $103,001 · Fundraising $80,201$1,185,060
Part X · Balance sheet $373,431 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $134,666$304,294
X-4 Accounts receivableStart of year $29,655$52,839
X-9 Prepaid expenses and deferred chargesStart of year $1,202$1,324
X-10c Land, buildings and equipment, netStart of year $19,714$12,474
X-15 Other assetsStart of year $2,500$2,500
X-16 Total assetsStart of year $187,737$373,431
X-17 Accounts payable and accrued expensesStart of year $37,527$18,717
X-19 Deferred revenueStart of year $340$0
X-26 Total liabilitiesStart of year $37,867$171,407
X-27 Net assets without donor restrictionsStart of year $149,870$202,024
X-32 Total net assets or fund balancesStart of year $149,870$202,024
X-33 Total liabilities and net assetsStart of year $187,737$373,431
Part XI · Reconciliation of net assets $202,024 net assets at year end
XI-1 Total revenue$1,237,214
XI-2 Total expenses$1,185,060
XI-3 Revenue less expenses$52,154
XI-4 Net assets at start of year$149,870
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$202,024

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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