Team Prime Time INC FY2021 filing

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

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$156K 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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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
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
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$156K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
7 mo
of spending, in cash
Looks good: 7.4 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
$347K
37% of total assets
Looks good: liabilities are 37% 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
$1.4M
+17% vs prior year
Spent
$1.1M
To programs
83%
Net assets
$599K
By yearFY2020–FY2025
Revenue
$1.4M
FY2021▲ +17%
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
$1.1M
FY2021▼ -11%
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
$599K
FY2021▲ +196%
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 FY2021 Form 990 (year ending July 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 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

83 cents of each dollar spent went to programs.

Program services 83% · $874K Management & general 9% · $97K Fundraising 8% · $79K

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; $156K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$155,879Pt VII · Sec A
Co-Chairman
$0Pt VII · Sec A
Senior Managing Director
$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.

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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 · $874K · in their own filed words · FY2020
01

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

$874Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.4M
Other incomeLn 4–11$5K
Money outPt IX
$1.1M
Ln 25
Programscol B$874K
Managementcol C$97K
Fundraisingcol D$79K
Owns and owesPt X
$599K
net assets · Ln 32
Cash and savingsLn 1–2$647K
Total assetsLn 16$946K
LiabilitiesLn 26$347K
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$1.4M
Government grantsLn 1e$298K
Other incomeLn 4–11$5K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$647K
Cash and savings togetherLn 1–2$647K
Land, buildings, equipmentLn 10c$5K
Other assetsLn 15$2K
Total assetsLn 16$946K
LiabilitiesLn 26$347K
Net assetsLn 32$599K
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 FY21End FY21
Cash and savingsLn 1–2$304K$647K
Land, buildings, equipmentLn 10c$12K$5K
Total assetsLn 16$373K$946K
LiabilitiesLn 26$171K$347K
Net assetsLn 32$202K$599K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$156K$78K$39K$39K
Other salaries and wagesLn 7$540K$525K$8K$8K
Payroll taxesLn 10$58K$50K$4K$4K
Legal feesLn 11b$11K$11K
Accounting feesLn 11c$21K$21K
Office expensesLn 13$67K$53K$7K$7K
OccupancyLn 16$51K$41K$5K$5K
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$19K$15K$2K$2K
Other expenses (24a–d)Ln 24$121K$104K$2K$15K
Total functional expensesLn 25$1.1M$874K$97K$79K

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 Viewing $1.4M$1.1M$397K$599K 990 PDF
FY2020 $1.2M$1.2M$52K$202K 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 J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $1,446,811 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,232,312$1,441,751
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $4,902$5,060
I-12 Total revenuePrior year $1,237,214$1,446,811
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 $830,189$753,241
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $354,871$296,957
I-18 Total expensesPrior year $1,185,060$1,050,198
I-19 Revenue less expensesPrior year $52,154$396,613
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 $1,446,811 across 6 lines filed
VIII-1b Membership dues$250
VIII-1e Government grants$298,182
VIII-1f All other contributions, gifts and grants$1,143,319
VIII-1h Total contributions, gifts and grants$1,441,751
VIII-6 Net rental income or lossRelated to mission $5,060$5,060
VIII-12 Total revenueRelated to mission $5,060 · Unrelated business $0 · Excluded from tax $0$1,446,811
Part IX · Statement of functional expenses $1,050,198 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $77,939 · Management $38,970 · Fundraising $38,970$155,879
IX-7 Other salaries and wagesPrograms $524,629 · Management $7,606 · Fundraising $7,606$539,841
IX-10 Payroll taxesPrograms $49,851 · Management $3,835 · Fundraising $3,835$57,521
IX-11b Legal feesManagement $10,773$10,773
IX-11c Accounting feesManagement $20,800$20,800
IX-13 Office expensesPrograms $53,338 · Management $6,667 · Fundraising $6,667$66,672
IX-16 OccupancyPrograms $40,992 · Management $5,124 · Fundraising $5,124$51,240
IX-22 Depreciation, depletion and amortizationPrograms $7,240$7,240
IX-23 InsurancePrograms $15,388 · Management $1,923 · Fundraising $1,923$19,234
IX-24 Other expenses (24a–d)Programs $104,254 · Management $1,576 · Fundraising $15,168$120,998
IX-25 Total functional expensesPrograms $873,631 · Management $97,274 · Fundraising $79,293$1,050,198
Part X · Balance sheet $945,699 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $304,294$647,423
X-4 Accounts receivableStart of year $52,839$27,360
X-9 Prepaid expenses and deferred chargesStart of year $1,324$263,182
X-10c Land, buildings and equipment, netStart of year $12,474$5,234
X-15 Other assetsStart of year $2,500$2,500
X-16 Total assetsStart of year $373,431$945,699
X-17 Accounts payable and accrued expensesStart of year $18,717$41,680
X-24 Unsecured notes and loans payableStart of year $152,690$305,382
X-26 Total liabilitiesStart of year $171,407$347,062
X-27 Net assets without donor restrictionsStart of year $202,024$572,912
X-28 Net assets with donor restrictionsStart of year $0$25,725
X-32 Total net assets or fund balancesStart of year $202,024$598,637
X-33 Total liabilities and net assetsStart of year $373,431$945,699
Part XI · Reconciliation of net assets $598,637 net assets at year end
XI-1 Total revenue$1,446,811
XI-2 Total expenses$1,050,198
XI-3 Revenue less expenses$396,613
XI-4 Net assets at start of year$202,024
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$598,637

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

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