Team Elevation a Nj Nonprofit Corporation

Nonprofit profile at a glance

EIN
822771960
IRS 990-EZ coverage
2021–2023
Forms available
Form 990-EZ 2023
Location
Dayton, NJ, USA
Phone
7328239897
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Basketball

Official website

Reported finances

Revenue
$80,957
Expenses
$85,042
Assets
$5,403
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Rex Mangrum (President)
  • Kelly Murchison (Vice President)

People named in this filing

  • Rex Mangrum (President)
  • Kelly Murchison (Vice President)
  • Brian Rawls (Trustee)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Amateur Sports Teams, Training, Mentoring & Tournaments - TEAM ELEVATION is organized to promote amateur sports competition and mentor young people by using basketball and other sports to elevate each individual student-athlete on the court and in life experiences while emphasizing positive attitudes and instilling the core values of discipline, teamwork, respect, and integrity. TEAM ELEVATION engages in the following activities: 1-Elevation Basketball Academy - Skills and Development Training: Provides an affordable, quality program for children, ages 5 to 18 where Coaches focus on the development of each player during training sessions that focus on the fundamentals of the sport and Certified Personal trainers provide strength, agility and conditioning drill sessions weekly. 2-AAU - Tournament Participation: Team Elevation teams participate in local and nationally recognized, competitive tournaments hosted by well-known organizations throughout the year.

What it reported doing in 2023

This year we served over 200 young althetes through our Athletic Summer Camp, Spring, Fall & Winter BASKETBALL Acamdemy & AAU League Tournaments

Operating model

Revenue model
Membership-supported. 88% of the money available for current operations came from membership dues.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 82
  • Sustainability: 35
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.3%; rating input score 89
  • Program expense ratio: 85.1%; rating input score 85

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -5%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 0.06; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -31.3% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: -31.9% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: -25.7% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: 89.3% of revenue deployed · 85.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $72K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2021 to 2023
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 38/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.