Prime Teams Inc is located in Fort Wayne, IN. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prime Teams Inc 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, Prime Teams Inc generated $106.9k in total revenue. All expenses for the organization totaled $103.8k during the year ending 12/2023.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRIME TEAMS INC HELPS THE YOUTH OF THE COMMUNITY BECOME POSITIVE ROLE MODELS, ACHIEVE SUCCESS ACADEMICALLY AND DEVELOP A SENSE OF WORTH THROUGH MIX MARTIAL ARTS.
Describe the Organization's Program Activity:
Part 3
ADMINISTRATIVE KICK OFF FEES AND INITIAL DONATIONS HAVE COME IN
| Name (title) | Role | Hours | Compensation | 
|---|---|---|---|
| Charles M Law President | 45 | $0 | |
| Autumn Law Vice President | 25 | $0 | |
| Edna Eben Ebai Treasurer | 5 | $0 | |
| Terry Hipp Secretary | 1 | $0 | |
| Leah Ducker Member | 0 | $0 | |
| Fred Farhounmand Member | 0 | $0 | 
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 | 
| Total Program Service Revenue | $79,315 | 
| Membership dues | $27,594 | 
| Investment income | $0 | 
| Gain or Loss | $0 | 
| Net Income from Gaming & Fundraising | $0 | 
| Other Revenue | $0 | 
| Total Revenue | $106,909 | 
| 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 | $49,377 | 
| Occupancy, rent, utilities, and maintenance | $13,920 | 
| Printing, publications, postage, and shipping | $15 | 
| Other expenses | $40,446 | 
| Total expenses | $103,758 | 
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,951 | 
| Other assets | $0 | 
| Total assets | $24,951 | 
| Total liabilities | $21,800 | 
| Net assets or fund balances | $3,151 |