Team Life Sports
- Assets
- $12.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hudson, NC
- Founding
- 12/2015
- Data as of
- 12/2021
- EIN
- 46-3812398
Organization Overview
Team Life Sports is located in Hudson, NC. The organization was established in 2015. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Life Sports is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Team Life Sports generated $39.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $29.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE SERVICES OFFERED WERE VOLLEYBALL AND BASKETBALL TRAINING, REFEREE TRAINING, CLINICS, CAMPS, VOLUNTEER WITH RECREATION LEAGUES IN AREA, TRAVEL VOLLEYBALL AND BASKETBALL TEAMS WERE OFFERED, OVER 250 ATHLETES PARTICIPATED IN OUR PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Ellis Secretary/treasurer | 10 | $26,400 | |
Jennifer Ellis Incorporator/president | 10 | $0 | |
John Hays Advisor | 0 | $0 | |
Laura Kennedy Community Relations | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,300 |
| Total Program Service Revenue | $8,119 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $39,419 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $26,400 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,660 |
| Total expenses | $29,060 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,688 |
| Other assets | $0 |
| Total assets | $12,688 |
| Total liabilities | $338 |
| Net assets or fund balances | $12,350 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Team Life Sports has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Conference Spartanburg, SC | $8,107,664 | $4,767,316 |
Adult Ice Hockey Federation Ltd Sterling, VA | $497,146 | $3,812,767 |
Richmond Volleyball Club Henrico, VA | $4,492,529 | $3,770,472 |
National Junior College Athletic Association Charlotte, NC | $4,854,958 | $4,218,539 |
South Atlantic Conference Rock Hill, SC | $873,899 | $2,375,914 |
Tidewater Volleyball Association Virginia Beach, VA | $336,915 | $1,476,950 |
Music City Bowl Inc Nashville, TN | $2,763,006 | $112,115 |
Greater Columbus Sports & Events Council Inc Columbus, GA | $3,992,863 | $1,719,246 |
North Carolina Amateur Sports Durham, NC | $909,899 | $1,521,463 |
Conference Carolinas Greenville, SC | $657,720 | $840,712 |
Blazesports America Inc Norcross, GA | $451,036 | $997,641 |
Masters Of Foxhounds Association Of America Middleburg, VA | $2,068,253 | $696,709 |