Totals
- Total revenue
- $1,518,135
- Total expenses
- $1,302,513
- Contributions and grants received
- $0
- Grants paid
- $46,112
- Program service revenue
- $1,514,135
- Investment income
- $0
- Other revenue
- $4,000
- Total assets, end of year
- $1,055,937
- Total liabilities, end of year
- $493,956
- Net assets or fund balances, end of year
- $561,981
- Program services expenses (Part IX)
- $1,150,012
- Management and general expenses
- $152,501
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,150,012
Program services were 88.3% 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 $206,652 · related or exempt $206,652
-
2b · Program service revenue: BASKETBALL LEAGUES
total $974,353 · related or exempt $974,353
-
2c · Program service revenue: CLUBS
total $196,536 · related or exempt $196,536
-
2d · Program service revenue: VOLLEYBALL YOUTH LEAGUES
total $136,594 · related or exempt $136,594
-
3 · Investment income
total $0
-
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
-
11a · Other revenue: ECONOMIC INJURY DISASTER LOAN
total $4,000 · related or exempt $4,000
-
11e · Other revenue, total
$4,000
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $46,112 · program services $46,112
-
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 $139,231 · program services $139,231
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $26,012 · program services $26,012
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $1,785 · management and general $1,785
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $552,843 · program services $552,843
-
12 · Advertising and promotion
total $25,450 · program services $25,450
-
13 · Office expenses
total $0
-
14 · Information technology
total $5,020 · management and general $5,020
-
15 · Royalties
total $0
-
16 · Occupancy
total $247,249 · program services $163,598 · management and general $83,651
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $11,407 · program services $11,407
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $62,161 · program services $1,359 · management and general $60,802
-
24a · Other expenses: BANK CHARGES
total $859 · management and general $859
-
24b · Other expenses: STATE FEE
total $200 · management and general $200
-
24c · Other expenses: VEHICLE LEASE
total $184 · management and general $184
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $856,246 · end of year $1,055,937
-
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 $0
-
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
-
23 · Secured mortgages and notes payable
beginning of year $509,887 · end of year $493,956
-
31 · Retained earnings, endowment or other funds
beginning of year $346,359 · end of year $561,981
Mission and programs · 2022
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 $859,169 · Revenue $974,353
-
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 $141,098 · Revenue $196,536
-
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 $88,637 · Revenue $206,652
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Cary LambethCARY LAMBETH
VP & Secretary
- Total calculated
- $128,330
- From this org
- $92,000
- From related orgs
- $0
- Other
- $36,330
- Hours/week
- 50
-
Patrick LeflerPATRICK LEFLER
CEO
- Total calculated
- $100,373
- From this org
- $92,000
- From related orgs
- $0
- Other
- $8,373
- Hours/week
- 50
-
Chris McGarahanCHRIS MCGARAHAN
Director
- Total calculated
- $0
- Hours/week
- 2
-
Kevin KaramanosKEVIN 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
-
$24,600
-
$11,809
-
$7,856
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 1 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343059349301494
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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