Team Prime Time Inc
- Assets
- $945.7k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 64
- Location
- Los Angeles, CA
- Founding
- 04/2001
- Data as of
- 07/2021
- EIN
- 95-4846644
Organization Overview
Team Prime Time Inc is located in Los Angeles, CA. The organization was established in 2001. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 07/2021, Team Prime Time Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Prime Time Inc 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 07/2021, Team Prime Time Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $1.1m during the year ending 07/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUTREACH TO DISADVANTAGED YOUTH TO PROMOTE EDUCATION ADVANCEMENT, TEAMWORK, AND SELF ESTEEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERVENTION & OUTREACH TO DISADVANTAGED YOUTH, WITHOUT DISCRIMINATION, PROMOTE EDUCATION ADVANCEMENT, TEAMWORK, SELF ESTEEM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Straus President | OfficerTrustee | 40 | $155,879 |
Robert Hinds Co-Chairman | OfficerTrustee | 0 | $0 |
Greg Altman Treasurer | OfficerTrustee | 0 | $0 |
Michael Herman Corp. Secretary | OfficerTrustee | 0 | $0 |
Teri Simpson Co-Chairman | OfficerTrustee | 0 | $0 |
Corey Davidson Senior Managing Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $250 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $298,182 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,143,319 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,441,751 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,060 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,446,811 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $155,879 |
| Compensation of current officers, directors, key employees. | $38,970 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $539,841 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $57,521 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,773 |
| Fees for services: Accounting | $20,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $66,672 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,240 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,240 |
| Insurance | $19,234 |
| All other expenses | $0 |
| Total functional expenses | $1,050,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $647,423 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,360 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $263,182 |
| Net Land, buildings, and equipment | $5,234 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $945,699 |
| Accounts payable and accrued expenses | $41,680 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $305,382 |
| Other liabilities | $0 |
| Total liabilities | $347,062 |
| Net assets without donor restrictions | $572,912 |
| Net assets with donor restrictions | $25,725 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $945,699 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Team Prime Time Inc has recieved totaling $447,538.
| Awarding Organization | Amount |
|---|---|
Great Public Schools Now Los Angeles, CA PURPOSE: SUPPORT FOR TEAM PRIME TIME'S SUMMER ENRICHMENT PROGRAMS | $165,250 |
La84 Foundation Los Angeles, CA PURPOSE: YOUTH SPORTS | $62,000 |
Ralph M Parsons Foundation Los Angeles, CA PURPOSE: FOR GENERAL SUPPORT OF AFTER-SCHOOL PROGRAMS | $50,000 |
Kenneth T And Eileen L Norris Foundation Long Beach, CA PURPOSE: NORRIS GROUPS PRIME TIME GAMES | $47,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $33,158 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $32,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Native American Youth And Family Center Portland, OR | $14,798,441 | $17,931,033 |
His Ideas Inc Red Bluff, CA | $4,012,270 | $10,619,413 |
Alameda County Deputy Sheriffs Activities League San Leandro, CA | $5,758,559 | $8,512,635 |
North Marin Community Services Novato, CA | $8,065,610 | $7,031,738 |
Heart Of Los Angeles Youth Inc Los Angeles, CA | $22,652,659 | $4,560,151 |
Rancho Cielo Inc Salinas, CA | $19,174,613 | $4,214,559 |
Mt Ashland Association Ashland, OR | $6,770,201 | $4,052,361 |
Stanislaus County Police Activities League Modesto, CA | $2,010,301 | $3,159,378 |
Booker T Washington Community Service Center San Francisco, CA | $15,043,633 | $4,645,054 |
Waking The Village Sacramento, CA | $1,942,838 | $3,628,235 |
Community Youth Center Concord, CA | $50,356,085 | $2,729,758 |
East Oakland Youth Development Center Oakland, CA | $9,784,340 | $4,617,227 |