Seela Sports
- Assets
- $8.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rowlett, TX
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 47-2888809
Organization Overview
Seela Sports is located in Rowlett, TX. The organization was established in 2015. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seela 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 12/2022, Seela Sports generated $37.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $28.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 6 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
2022
Describe the Organization's Program Activity:
Part 3
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL,AND SCIENTIFIC PURPOSES AS SPECIFIED IN SECTION 501(C)(3) OF THE INTERNAL REVENUECODE, INCLUDING FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONSTHAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNALREVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.THE SPECIFIC PURPOSES OF THE CORPORATION ARE TO TAKE AN INDIVIDUALS PASSION FORSPORTS AND A CARING RELATIONSHIP WITH AN UNRELATED ADULT, SUPPORTED BY PROGRAMSAND YIELD A WIDE RANGE OF BOTH TANGIBLE AND INTANGIBLE BENEFITS. THE CORPORATIONALSO MOTIVATES AND ENCOURAGES UNDERPRIVILEGED YOUNG MEN TO ASPIRE TO HIGH GOALS INTHE AREAS OF ACADEMICS, ATHLETICS, AND SOCIAL SKILLS.THE CORPORATION SHALL NOT BE CONDUCTED OR OPERATED FOR PROFIT AND NO PART OF THENET EARNINGS OF THE CORPORATION SHALL INURE TO THE BENEFIT OF ANY INDIVIDUAL, NORSHALL ANY OF THE PROFITS OR ASSETS OF THE CORPORATION BE USED OTHER THAN FOR THEPURPOSES OF THE CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Lowe Exec. Director | 0 | $0 | |
Andre Collins Oper. Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $37,412 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $37,412 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,740 |
| Total expenses | $28,740 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,672 |
| Other assets | $0 |
| Total assets | $8,672 |
| Total liabilities | $0 |
| Net assets or fund balances | $8,672 |