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← IVYS LEAGUE YOUTH SPORTS ACADEMY

Form 990 for tax year 2022

Filed by IVYS LEAGUE YOUTH SPORTS ACADEMY.

Totals

Total revenue
$33,824
Total expenses
$344,337
Contributions and grants received
$11,675
Grants paid
$0
Program service revenue
$22,149
Investment income
$0
Other revenue
$0
Total assets, end of year
$409,013
Total liabilities, end of year
$7,192
Net assets or fund balances, end of year
$401,821
Program services expenses (Part IX)
$228,457
Management and general expenses
$84,716
Fundraising expenses
$31,164
Program service expenses (Part III)
$228,457

Program services were 66.3% 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.

  • 1f · All other contributions, gifts and grants

    $11,675

  • 2a · Program service revenue: YOUTH SPORTS REGISTRAT

    total $22,149 · related or exempt $22,149

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $123,000 · program services $73,800 · management and general $24,600 · fundraising $24,600

  • 7 · Other salaries and wages

    total $21,744 · program services $13,046 · management and general $4,349 · fundraising $4,349

  • 9 · Other employee benefits

    total $2,134 · management and general $2,134

  • 10 · Payroll taxes

    total $11,074 · program services $6,644 · management and general $2,215 · fundraising $2,215

  • 11c · Fees: accounting

    total $12,572 · management and general $12,572

  • 11g · Fees: other

    total $99,008 · program services $95,175 · management and general $3,833

  • 12 · Advertising and promotion

    total $5,285 · program services $5,285

  • 13 · Office expenses

    total $5,522 · management and general $5,522

  • 14 · Information technology

    total $21,815 · management and general $21,815

  • 16 · Occupancy

    total $7,454 · program services $7,454

  • 17 · Travel

    total $63 · program services $63

  • 22 · Depreciation, depletion and amortization

    total $1,355 · management and general $1,355

  • 23 · Insurance

    total $809 · management and general $809

  • 24a · Other expenses: EUQIPMENT & APPAREL

    total $26,990 · program services $26,990

  • 24b · Other expenses: TELEPHONE

    total $3,206 · management and general $3,206

  • 24c · Other expenses: PAYROLL PROCESSING FEES

    total $2,306 · management and general $2,306

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $708,946 · end of year $406,980

  • 2 · Savings and temporary cash investments

    beginning of year $1 · end of year $1

  • 10a · Land, buildings and equipment: cost or other basis

    $5,676

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,644

  • 10c · Land, buildings and equipment, net

    beginning of year $3,387 · end of year $2,032

  • 24 · Unsecured notes and loans payable

    end of year $7,192

  • 27 · Net assets without donor restrictions

    beginning of year $712,334 · end of year $401,821

Mission and programs · 2022

Mission

IVY LEAGUE YOUTH SPORTS ACADEMY WILL PROMOTE HEALTHY COMPETITION, SPORTS TRAINING AND SKILL DEVELOPMENT, MENTORSHIP, AND NUTRITIONAL EMPOWERMENT. STUDENT-ATHLETES WILL BE EMPOWERED TO BE ACTIVE PARTICIPANTS IN THEIR OWN ATHLETIC, ACADEMIC AND PERSONAL SUCCESS. ILYSA WILL CREATE A PIPELINE FOR HIGH SCHOOL SPORTS IN TEH OMAHA METRO AREA.

Activities or mission (Part I)

IVY LEAGUE YOUTH SPORTS ACADEMY WILL PROMOTE HEALTHY COMPETITION, SPORTS TRAINING AND SKILL DEVELOPMENT, MENTORSHIP, AND NUTRITIONAL EMPOWERMENT. STUDENT-ATHLETES WILL BE EMPOWERED TO BE ACTIVE PARTICIPANTS IN THEIR OWN ATHLETIC, ACADEMIC AND PERSONAL SUCCESS.

  • TO PROVIDE YOUTH ATHLETES THE OPPORTUNITY TO PARTICIPATE CLOSELY WITH COACHING STAFF ON DRILLS THAT WILL GREATLY IMPROVE THEIR SKILL-SET, ALLOWING THEM TO BE "COURT READY" FOR OPPORTUNITIES AT THE NEXT LEVEL.

    Expenses $228,457 · Revenue $22,149

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bob Danenhauer

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Tony Welchen

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Tarsha Jackson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Lisa Tarver

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Ayanna Boykins

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • George Achola

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John Krogstrand

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Maurtice Ivy

    CEO

    Total calculated
    $123,000
    From this org
    $123,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
28 February 2023
IRS schema version
2022v5.0
Source object
202331519349300933

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