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Nonprofiteer
← SOCAL-ELITE SPORTS INC

Form 990 for tax year 2024

Filed by SOCAL-ELITE SPORTS INC.

Totals

Total revenue
$1,487,364
Total expenses
$1,500,388
Contributions and grants received
$0
Grants paid
$54,940
Program service revenue
$1,470,092
Investment income
$17,272
Other revenue
$0
Total assets, end of year
$902,727
Total liabilities, end of year
$470,068
Net assets or fund balances, end of year
$432,659
Program services expenses (Part IX)
$1,405,732
Management and general expenses
$94,656
Fundraising expenses
$0
Program service expenses (Part III)
$1,405,732

Program services were 93.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: ACADEMIES

    total $284,847 · related or exempt $284,847

  • 2b · Program service revenue: BASKETBALL LEAGUES

    total $868,451 · related or exempt $868,451

  • 2c · Program service revenue: CLUBS

    total $208,538 · related or exempt $208,538

  • 2d · Program service revenue: VOLLEYBALL YOUTH LEAGUES

    total $108,256 · related or exempt $108,256

  • 3 · Investment income

    total $17,272 · related or exempt $17,272

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $54,940 · program services $54,940

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $184,000 · program services $184,000

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $511,690 · program services $511,690

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $27,130 · program services $27,130

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $607 · management and general $607

  • 11c · Fees: accounting

    total $4,623 · management and general $4,623

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $313,468 · program services $313,468

  • 12 · Advertising and promotion

    total $87,508 · program services $87,508

  • 13 · Office expenses

    total $15,424 · management and general $15,424

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $213,238 · program services $213,238

  • 17 · Travel

    total $1,508 · program services $1,508

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $10,922 · program services $10,922

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $74,964 · program services $1,328 · management and general $73,636

  • 24a · Other expenses: STATE FEE

    total $200 · management and general $200

  • 24b · Other expenses: BANK CHARGES

    total $166 · management and general $166

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $928,208 · end of year $874,154

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $28,573

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    end of year $634

  • 23 · Secured mortgages and notes payable

    beginning of year $482,525 · end of year $469,434

  • 31 · Retained earnings, endowment or other funds

    beginning of year $445,683 · end of year $432,659

Mission and programs · 2024

Mission

SOCAL ELITE SPORTS, INC. WAS FORMED IN 2007 FOR EDUCATIONAL AND CHARITABLE PURPOSES SPECIFICALLY TO PROVIDE BASKETBALL CAMPS, CLINICS, TRAINING, SKILL DEVELOPMENT, AND COMPETITIVE TOURNAMENT ACTIVITIES FOR YOUNG BOYS AND GIRLS.

  • BASKETBALL LEAGUES AND CAMPS - SOCAL ELITE CONDUCTS SEASONAL BASKETBALL LEAGUES, EACH OF WHICH RUN FROM FIVE TO TEN WEEKS. LEAGUE PARTICIPANTS COME FROM THE SOCAL ELITE BASKETBALL ACADEMY OR FROM OTHER YOUTH RESIDENTS WITHIN THE COMMUNITY. SOCAL ELITE ALSO CONDUCTS SEVERAL SEASONAL CAMPS FOR BEGINNING, INTERMEDIATE, AND EXPERIENCED PLAYERS, RANGING IN AGE FROM 6-18.

    Expenses $701,784 · Revenue $868,451

  • BASKETBALL ACADEMY - SOCAL ELITE CONDUCTS YEAR-ROUND BASKETBALL ACADEMIES (BASKETBALL SCHOOL), UTILIZING SEVERAL GYM FACILITIES THROUGHOUT IRVINE AND NEWPORT BEACH, CA. THE ACADEMIES INCLUDES WEEKLY TRAINING SESSIONS, SKILL DEVELOPMENT, SCRIMMAGES, FITNESS DEVELOPMENT, GAME SITUATIONS, ETC. THESE ARE ALL AGE-GROUP SESSIONS SO THAT YOUTH ATHLETES ARE PRACTICING WITH OTHERS OF THE SAME AGE GROUP.

    Expenses $276,736 · Revenue $284,847

  • BASKETBALL CLUB TEAMS - SOCAL ELITE'S CLUB BASKETBALL TEAMS ARE A GREAT OPPORTUNITY FOR CHILDREN TO PLAY AGAINST THE TOP COMPETITION IN SOUTHERN CALIFORNIA. THIS EXPOSURE TO THE BEST COMPETITION IS PARAMOUNT TO A PLAYER'S IMPROVEMENT ON A GRANDER STAGE. OUR CLUB TEAMS PLAY IN 1-2 TOURNAMENTS PER MONTH AND PRACTICE TWO OR THREE TIMES PER WEEK IN INDOOR GYMNASIUMS. PLAYING ON A SOCAL ELITE CLUB TEAM IS A GREAT WAY TO DEVELOP CAMARADERIE WITH FELLOW TEAMMATES, ALL THE WHILE PLAYING AGAINST TOP-NOTCH COMPETITION. UNIQUE TO SOCAL ELITE, WE WILL ASSIST YOU WITH ANY FINANCIAL DIFFICULTIES YOU HAVE; OUR MAIN FOCUS IS TO MAKE SURE THAT THOSE PLAYERS WHO CAN PLAY AT THE CLUB LEVEL, DO PLAY AT THE CLUB LEVEL.

    Expenses $263,719 · Revenue $208,538

  • VOLLEYBALL YOUTH LEAGUES - SOCAL ELITE CONDUCTS SEASONAL VOLLEYBALL YOUTH LEAGUES, EACH OF WHICH RUN FROM FIVE TO TEN WEEKS. LEAGUE PARTICIPANTS CAN COME FROM VARIOUS SOCAL ELITE PROGRAMS OR FROM OTHER YOUTH RESIDENTS WITHIN THE ORANGE COUNTY COMMUNITY.

    Expenses $163,493 · Revenue $108,256

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Cary Lambeth

    VP & Secretary

    Total calculated
    $131,664
    From this org
    $92,000
    From related orgs
    $0
    Other
    $39,664
    Hours/week
    50
  • Patrick Lefler

    CEO

    Total calculated
    $107,671
    From this org
    $92,000
    From related orgs
    $0
    Other
    $15,671
    Hours/week
    50
  • Chris McGarahan

    Director

    Total calculated
    $0
    Hours/week
    2
  • Kevin Karamanos

    Director

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202503179349310200

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