Team 1tyus
- Assets
- $24.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- Data as of
- 12/2023
- EIN
- 84-5188538
Organization Overview
Team 1tyus is located in Minneapolis, MN. According to its NTEE Classification (N62) the organization is classified as: Basketball, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team 1tyus is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Team 1tyus generated $125.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $153.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE COMPETITIVE ENVIRONMENT AND DEVELOPMENT OPPORTUNITIES FOR YOUTH BASKETBALL FOR FIFTH THROUGH EIGHTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyus Jones President | 5 | $0 | |
Gregg Cascaes Treasurer | 5 | $0 | |
Jadee Jones Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $35,347 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $125,347 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,508 |
| Occupancy, rent, utilities, and maintenance | $5,288 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $145,068 |
| Total expenses | $153,864 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,027 |
| Other assets | $0 |
| Total assets | $24,027 |
| Total liabilities | $0 |
| Net assets or fund balances | $24,027 |