Team Prime Time INC FY2023 filing

Tax-deductible

Los Angeles, CA501(c)(3)Since 2001Youth DevelopmentEIN 95-4846644Revenue $2.7M in FY2023

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.
91¢ of each $1 spent went to programs.
$197K 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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FY2023 · 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
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$197K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
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
$154K
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+84% vs prior year
Spent
$2.8M
To programs
91%
Net assets
$437K
By yearFY2020–FY2025
Revenue
$2.7M
FY2023▲ +84%
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
$2.8M
FY2023▲ +76%
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
$437K
FY2023▼ -12%
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 FY2023 Form 990 (year ending July 2023) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 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

91 cents of each dollar spent went to programs.

Program services 91% · $2.5M Management & general 5% · $139K Fundraising 4% · $109K

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

11 people listed on the 990; $197K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$197,115Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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 · $2.5M · in their own filed words · FY2022
01

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

$2.5Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Fees for servicesLn 2g$2.1M
Gifts and grantsLn 1h$685K
Investment incomeLn 3$14K
Money outPt IX
$2.8M
Ln 25
Programscol B$2.5M
Managementcol C$139K
Fundraisingcol D$109K
Owns and owesPt X
$437K
net assets · Ln 32
Cash and savingsLn 1–2$214K
Total assetsLn 16$590K
LiabilitiesLn 26$154K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$685K
Government grantsLn 1e$153K
Fundraising eventsLn 1c$50K
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$14K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$214K
Cash and savings togetherLn 1–2$214K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$68K
Total assetsLn 16$590K
LiabilitiesLn 26$154K
Net assetsLn 32$437K
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 FY23End FY23
Cash and savingsLn 1–2$182K$214K
Land, buildings, equipmentLn 10c$1K$0
Total assetsLn 16$697K$590K
LiabilitiesLn 26$199K$154K
Net assetsLn 32$498K$437K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$200K$100K$50K$50K
Other salaries and wagesLn 7$1.7M$1.6M$18K$18K
Payroll taxesLn 10$162K$151K$6K$6K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$28K$28K
Office expensesLn 13$96K$77K$10K$10K
OccupancyLn 16$91K$72K$9K$9K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$77K$61K$8K$8K
Other expenses (24a–d)Ln 24$455K$443K$4K$8K
Total functional expensesLn 25$2.8M$2.5M$139K$109K

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 Viewing $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 $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 FY2023 990 (6 parts)
Part I · Summary $2,733,730 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $606,629$684,547
I-9 Program service revenuePrior year $871,071$2,070,925
I-10 Investment incomePrior year $609$14,430
I-11 Other revenuePrior year $6,002−$36,172
I-12 Total revenuePrior year $1,484,311$2,733,730
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 $1,002,241$2,041,947
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $582,494$753,357
I-18 Total expensesPrior year $1,584,735$2,795,304
I-19 Revenue less expensesPrior year −$100,424−$61,574
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $2,733,730 across 9 lines filed
VIII-1c Fundraising events$50,268
VIII-1e Government grants$152,692
VIII-1f All other contributions, gifts and grants$481,587
VIII-1h Total contributions, gifts and grants$684,547
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,070,925$2,070,925
VIII-3 Investment incomeExcluded from tax $14,430$14,430
VIII-6 Net rental income or lossExcluded from tax $5,880$5,880
VIII-8 Net income from fundraising eventsExcluded from tax −$42,052−$42,052
VIII-12 Total revenueRelated to mission $2,070,925 · Unrelated business $0 · Excluded from tax −$21,742$2,733,730
Part IX · Statement of functional expenses $2,795,304 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $100,000 · Management $50,000 · Fundraising $50,000$200,000
IX-7 Other salaries and wagesPrograms $1,642,644 · Management $18,476 · Fundraising $18,476$1,679,596
IX-10 Payroll taxesPrograms $150,521 · Management $5,915 · Fundraising $5,915$162,351
IX-11b Legal feesManagement $6,464$6,464
IX-11c Accounting feesManagement $28,385$28,385
IX-13 Office expensesPrograms $76,519 · Management $9,565 · Fundraising $9,565$95,649
IX-16 OccupancyPrograms $72,474 · Management $9,059 · Fundraising $9,059$90,592
IX-22 Depreciation, depletion and amortizationPrograms $1,028$1,028
IX-23 InsurancePrograms $61,352 · Management $7,669 · Fundraising $7,669$76,690
IX-24 Other expenses (24a–d)Programs $443,096 · Management $3,612 · Fundraising $7,841$454,549
IX-25 Total functional expensesPrograms $2,547,634 · Management $139,145 · Fundraising $108,525$2,795,304
Part X · Balance sheet $590,150 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $181,725$214,217
X-4 Accounts receivableStart of year $261,967$307,832
X-9 Prepaid expenses and deferred chargesStart of year $247,443$512
X-10c Land, buildings and equipment, netStart of year $1,028$0
X-15 Other assetsStart of year $4,800$67,589
X-16 Total assetsStart of year $696,963$590,150
X-17 Accounts payable and accrued expensesStart of year $46,058$84,539
X-25 Other liabilitiesStart of year $0$68,972
X-26 Total liabilitiesStart of year $198,750$153,511
X-27 Net assets without donor restrictionsStart of year $472,488$436,639
X-28 Net assets with donor restrictionsStart of year $25,725$0
X-32 Total net assets or fund balancesStart of year $498,213$436,639
X-33 Total liabilities and net assetsStart of year $696,963$590,150
Part XI · Reconciliation of net assets $436,639 net assets at year end
XI-1 Total revenue$2,733,730
XI-2 Total expenses$2,795,304
XI-3 Revenue less expenses−$61,574
XI-4 Net assets at start of year$498,213
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$436,639

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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