Form 990 for tax year 2023
Filed by IVYS LEAGUE YOUTH SPORTS ACADEMY.
Totals
- Total revenue
- $116,024
- Total expenses
- $294,258
- Contributions and grants received
- $101,959
- Grants paid
- $0
- Program service revenue
- $14,065
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $228,175
- Total liabilities, end of year
- $4,434
- Net assets or fund balances, end of year
- $223,741
- Program services expenses (Part IX)
- $171,126
- Management and general expenses
- $93,488
- Fundraising expenses
- $29,644
- Program service expenses (Part III)
- $171,126
Program services were 58.2% 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
$101,959
-
2a · Program service revenue: YOUTH SPORTS REGISTRAT
total $14,065 · related or exempt $14,065
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $123,005 · program services $73,803 · management and general $24,601 · fundraising $24,601
-
7 · Other salaries and wages
total $14,095 · program services $8,457 · management and general $2,819 · fundraising $2,819
-
9 · Other employee benefits
total $8,241 · management and general $8,241
-
10 · Payroll taxes
total $11,119 · program services $6,671 · management and general $2,224 · fundraising $2,224
-
11c · Fees: accounting
total $12,402 · management and general $12,402
-
11g · Fees: other
total $83,248 · program services $62,248 · management and general $21,000
-
12 · Advertising and promotion
total $1,231 · program services $1,231
-
13 · Office expenses
total $8,272 · management and general $8,272
-
14 · Information technology
total $10,514 · management and general $10,514
-
16 · Occupancy
total $1,760 · program services $1,760
-
17 · Travel
total $604 · program services $604
-
22 · Depreciation, depletion and amortization
total $813 · management and general $813
-
23 · Insurance
total $809 · management and general $809
-
24a · Other expenses: EQUIPMENT & APPAREL
total $15,325 · program services $15,325
-
24b · Other expenses: TELEPHONE
total $1,793 · management and general $1,793
-
24c · Other expenses: MEALS
total $1,027 · program services $1,027
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $406,980 · end of year $226,955
-
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
$4,457
-
10c · Land, buildings and equipment, net
beginning of year $2,032 · end of year $1,219
-
17 · Accounts payable and accrued expenses
end of year $200
-
24 · Unsecured notes and loans payable
beginning of year $7,192 · end of year $2,328
-
25 · Other liabilities
beginning of year $0 · end of year $1,906
-
27 · Net assets without donor restrictions
beginning of year $401,821 · end of year $223,741
Mission and programs · 2023
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 $171,126 · Revenue $14,065
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Bob DanenhauerBOB DANENHAUER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Tony WelchenTONY WELCHEN
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Tarsha JacksonTARSHA JACKSON
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Lisa TarverLISA TARVER
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Ayanna BoykinsAYANNA BOYKINS
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
George AcholaGEORGE ACHOLA
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
John KrogstrandJOHN KROGSTRAND
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Maurtice IvyMAURTICE IVY
CEO
- Total calculated
- $123,006
- From this org
- $123,006
- 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
- 2023
- Filed
- 15 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530159349300718
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