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Nonprofiteer
← CORNER TEAM INC

Form 990 for tax year 2024

Filed by CORNER TEAM INC.

Totals

Total revenue
$265,010
Total expenses
$235,299
Contributions and grants received
$209,010
Grants paid
$0
Program service revenue
$49,259
Investment income
$23
Other revenue
$6,718
Total assets, end of year
$142,321
Total liabilities, end of year
$5,441
Net assets or fund balances, end of year
$136,880
Program services expenses (Part IX)
$182,023
Management and general expenses
$53,276
Fundraising expenses
$0
Program service expenses (Part III)
$182,023

Program services were 77.4% 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.

  • 1e · Government grants (contributions)

    $27,000

  • 1f · All other contributions, gifts and grants

    $182,010

  • 2a · Program service revenue: Education

    total $49,259 · related or exempt $49,259

  • 3 · Investment income

    total $23 · excluded $23

  • 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

  • 8a · Fundraising events: gross income

    $6,323

  • 8c · Net income from fundraising events

    total $6,323

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Other Revenue

    total $395 · excluded $395

  • 11e · Other revenue, total

    $395

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 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 $25,122 · program services $22,045 · management and general $3,077

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $67,076 · program services $52,329 · management and general $14,747

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $7,307 · program services $5,846 · management and general $1,461

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $2,500 · management and general $2,500

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $20,337 · program services $20,337

  • 12 · Advertising and promotion

    total $164 · management and general $164

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $26,000 · program services $20,800 · management and general $5,200

  • 17 · Travel

    total $7,149 · program services $7,149

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $6,966 · management and general $6,966

  • 24a · Other expenses: Supplies

    total $32,463 · program services $25,749 · management and general $6,714

  • 24b · Other expenses: Utilities

    total $17,213 · program services $13,770 · management and general $3,443

  • 24c · Other expenses: Intern Stipends

    total $6,010 · program services $6,010

  • 24d · Other expenses: Repairs and Maintenance

    total $5,090 · program services $5,090

  • 24e · All other expenses

    total $11,902 · program services $2,898 · management and general $9,004

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $107,073 · end of year $139,997

  • 2 · Savings and temporary cash investments

    end of year $2,324

  • 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

    beginning of year $646 · 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

  • 17 · Accounts payable and accrued expenses

    beginning of year $550 · end of year $5,441

  • 27 · Net assets without donor restrictions

    beginning of year $107,169 · end of year $136,880

Mission and programs · 2024

Mission

Corner Team, Inc. uses olympic-style boxing to strengthen core competencies that support academic success, inspire healthy and active lifestyles, and build strong communities of engaged citizens.

  • Boxing & Fitness Club:Corner Team supports athletes at all levels in our 4,500+ square foot gym which has everything needed to work hard, improve technique, get in shape, and even train for an amateur/professional career. Group classes and private training at Corner Team Boxing & Fitness focus on sound boxing fundamentals, cardio-conditioning, and stretching. Members jump rope, shadow box, circuit train, work various bags, and do one-on-one pad work with our Coaches. Our activities are designed to work the entire body while honing boxing skills in the ring. As an official member of USA Boxing, Corner Team is also an authorized gym for sparring and sanctioned USA Boxing events which are held multiple times a year.

    Expenses $182,023 · Revenue $49,259

  • Youth Champions Club:Corner Team provides free out-of-school programming that focuses on leadership development, academic success, boxing, and fitness. Youth Champions Club is a free and unique Baltimore after school and summer program for high school students. Students will have the opportunity to strengthen academic skills through project-based learning activities and STEM workshops, improve their health and wellness through boxing and fitness classes, grow their leadership capacity through leadership workshops and team-building activities, and develop positive peer-to-peer and caring adult relationships that will support them well in their futures.

As filed on the 2024 return.

Listed in Part VII

  • Liesje Gantert

    Interim ED

    Total calculated
    $15,385
    From this org
    $15,385
    From related orgs
    $0
    Other
    $0
    Hours/week
    25
  • DJ Nash

    Director

    Total calculated
    $9,737
    From this org
    $9,737
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Miller J Roberts III

    President

    Total calculated
    $0
    Hours/week
    1
  • Landon White

    Director

    Total calculated
    $0
    Hours/week
    1
  • Becky Thomson

    Director

    Total calculated
    $0
    Hours/week
    1
  • Samalya Thenuwara

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Diana Philip

    Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Jeromie Williams

    Director

    Total calculated
    $0
    Hours/week
    1
  • Dillon McManus

    Director

    Total calculated
    $0
    Hours/week
    1
  • Brooke Haycock

    Director

    Total calculated
    $0
    Hours/week
    1
  • Shamara Thomas

    Director

    Total calculated
    $0
    Hours/week
    1

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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349325082

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