2025-02-10T18:53:29-07:00 2023-12-31 882675736 Grants by Sandy LLC PO BOX 1384 Idaho Falls ID 83403 990 2023-01-01 831428973 TEAM ELEVATE 7ON7 TEAM 2096415497 3801 RIBOT COURT MODESTO CA 95356 Vince Carter President 2096415497 2025-02-01 1 1 Sandy Tyrrell P02049410 2083139777 2025-02-01 2023 2025-03-06 01:10:19Z VINCE CARTER 3801 RIBOT COURT Modesto CA 95356 225271 0 X FACEBOOK.COM/TEAM-ELEVATE X 2018 CA TO HELP THE UNDER PRIVILEGED KIDS OF OUR COMMUNITY THROUGH SPORTS, EDUCATION, AND LEADERSHIP, WHILE PROVIDING A WAY TO TRAVEL TO SEE THERE IS MORE OUT THERE IN LIFE THAN WHAT THEY SEE EVERYDAY. 3 3 0 50 0 0 141741 225271 0 0 0 0 0 0 141741 225271 0 0 0 0 0 0 0 0 0 141332 177000 141332 177000 409 48271 0 48271 0 0 0 48271 TO HELP THE UNDER PRIVILEGED KIDS OF OUR COMMUNITY THROUGH SPORTS, EDUCATION, AND LEADERSHIP, WHILE PROVIDING A WAY TO TRAVEL TO SEE THERE IS MORE OUT THERE IN LIFE THAN WHAT THEY SEE EVERYDAY. 0 0 177000 0 0 Our program reaches from 160 to over 300 youths in our community. We currently have six divisions of athletes participating in our program. There are currently 26-27 youth in each division. Teams meet three times a week and once on the weekend if they are not playing in a tournament that weekend. We play a guaranteed 12-14 tournaments per division (6 divisions total). We do two annual San Francisco training camps. Here we take the kids to Baker Beach and do a workout in the sand. Then, we go up the street to Lyons Steps and the famous Jerry Rice Hill, to train. The Strength & Conditioning part of the program enables sponsored kids to attend Elevate after-school program. This provides them with sports strength & agility conditioning/Sport specific training. Usually, athletes come to these four to five times a week and during summer some do twice a day. 0 0 0 177000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 1 0 CA X MARINA CARTER 2096415497 3801 RIBOT COURT MODESTO CA 95356 X VINCE CARTER PRESIDENT 40 40 X 0 0 0 MARINA CARTER Secretary/Treasurer 25 25 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 50000 175271 0 225271 0 0 0 0 0 0 0 225271 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 177000 177000 0 0 177000 177000 0 0 0 0 0 0 0 48271 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 48271 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 48271 0 48271 0 48271 48271 0 0 0 0 0 X 1 X 0 0 0 X 141741 225271 367012 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 141741 225271 367012 0 0 0 0 0 0 0 0 0 0 0 0 367012 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 141741 225271 367012 1 1 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Form 990, Part VI, Section B, Line 11b Schedule O Explanation for Form 990 Review Process Team Elevate 7on7, Inc. Review Process for Form 990: Team Elevate 7on7, Inc. follows a structured review process before the submission of Form 990 to ensure accuracy and compliance with IRS regulations. The process is as follows: Preparation of Form 990: The Treasurer, with the assistance of an accountant or financial professional (if applicable), prepares the Form 990 using the organization's financial records. Financial data, including revenue, expenses, and governance information, is compiled from internal reports, bank statements, and accounting software. Internal Review by the Board: Once prepared, a draft of Form 990 is distributed to the President, Secretary, and Treasurer for initial review. Board members verify that financial information and governance details align with internal records. Any questions or discrepancies are discussed and corrected before finalization. Board Approval: The final version of Form 990 is presented at a board meeting or via email for official review. The Board of Directors votes to approve the return before submission. If necessary, the board seeks input from an external accountant or tax professional to ensure compliance. Submission to the IRS: Once approved, the Treasurer or designated representative submits Form 990 to the IRS. A copy of the filed return is retained in the organization's records for reference and compliance purposes. Public Access to Form 990: Upon request, a copy of the filed Form 990 is made available to the public, as required by law. The form may also be posted on the organization's website or shared with donors and stakeholders as part of transparency efforts. Form 990, Part VI, Section B, Line 12c 12c. Monitoring and Enforcement of the Conflict of Interest Policy Team Elevate 7on7, Inc. has a written conflict of interest policy that requires all officers, directors, trustees, and key employees to disclose annually any financial or personal interests that could create a conflict with the organization's activities. However, the organization does not have a formalized, documented process for regularly monitoring and enforcing compliance beyond the annual disclosure requirement. If a potential conflict arises, the Board of Directors reviews the situation on a case-by-case basis and determines an appropriate resolution. Board members with a potential conflict are required to recuse themselves from any discussion or vote related to the matter. Form 990, Part VI, Section B, Line 15 13. Whistleblower Policy Team Elevate 7on7, Inc. does not currently have a formal, written whistleblower policy. However, the organization encourages transparency and ethical conduct among its board members, officers, and volunteers. Any concerns about unethical behavior, financial misconduct, or violations of policies are informally reported to the Board of Directors for review and action. The organization plans to develop a formal whistleblower policy in the future to ensure a clear reporting structure and protections for individuals who report misconduct in good faith. 14. Document Retention and Destruction Policy Team Elevate 7on7, Inc. does not currently have a written document retention and destruction policy. However, financial records, governing documents, and other important records are retained in accordance with best practices for nonprofit organizations. The Board of Directors is responsible for ensuring that essential documents are securely stored and maintained for compliance and organizational transparency. The organization intends to develop a formal document retention and destruction policy to establish clear guidelines on the retention period for financial statements, tax returns, meeting minutes, and other key documents. 15. Compensation Review Process 15a. Process for Determining Compensation of CEO, Executive Director, or Top Management Official Team Elevate 7on7, Inc. does not have an Executive Director or CEO at this time. Compensation for top management officials is not determined through a formal review process involving independent persons, comparability data, or contemporaneous documentation. 15b. Process for Determining Compensation of Other Officers or Key Employees Compensation for officers, if any, is determined by the Board of Directors based on budget constraints and operational needs. The organization does not currently use a structured process with independent review or comparability data to determine officer or key employee salaries. 15c. Schedule O Explanation (If Applicable) If a structured process is introduced in the future, the organization will establish a compensation policy that includes: Reviewing compensation data from similar nonprofit organizations. Ensuring that any compensation decisions are documented in board meeting minutes. Conducting an independent review of salaries by non-interested board members. Form 990, Part VI, Section C, Line 19 Schedule O Explanation - Public Availability of Governing Documents, Conflict of Interest Policy, and Financial Statements Team Elevate 7on7, Inc. Public Access to Governing Documents, Conflict of Interest Policy, and Financial Statements Team Elevate 7on7, Inc. is committed to transparency and makes its key governing documents available to the public upon request. The organization follows the best practices for nonprofit accountability and ensures that stakeholders, donors, and the general public have access to important information regarding its operations and financial standing. Governing Documents (Articles of Incorporation & Bylaws): The organization's Articles of Incorporation and Bylaws are available for public inspection upon request. Requests can be made via email or written communication to the Board of Directors. If requested, a copy of these documents may be provided in digital or printed form. Conflict of Interest Policy: The Conflict of Interest Policy is available to board members, officers, and key employees. While the policy is not published on a public website, it can be made available upon request to donors, partners, or other interested parties. Financial Statements & Form 990: IRS Form 990: The organization's Form 990 is available to the public as required by law. A copy of the most recent Form 990 can be obtained: Through a request via email or written correspondence. From the IRS website or nonprofit transparency platforms such as GuideStar (Candid). Annual Financial Statements: While Team Elevate 7on7, Inc. does not routinely publish financial statements on a website, donors, stakeholders, or regulatory agencies may request financial reports as needed. The organization ensures compliance with public disclosure laws and will provide relevant governance and financial information to interested parties in a timely manner. Form 990, Part IX, Line 24e Insurance $1,030.12 Bank Fees $1,533.55 Cost of Goods Sold $15,724.74 Uniforms/Protective Gear $16,475.59 Field Rentals $5,664.22 Lodging $17,777.39 Tournament Fees $20,105.02 Equipment/Supplies $8,052.68 Entertainment $417.73 Reimbursements $11,308 Transportation $25,821.03 Advertisement $5,464.94 Food/Snacks/Drinks $5,139.46 Admin & Filings $1,725.79 Contractors & Volunteers $40.760.00 Total Expenses. $177,000.26 Reasonable Cause for Late Filing - Form 990 (2023 Tax Year, Filed in 2024) To: Internal Revenue Service (IRS) Subject: Reasonable Cause for Late Filing of Form 990 for Tax Year 2023 Organization: Team Elevate 7on7, Inc. EIN: 83-1428973 Tax Year: January 1, 2023 - December 31, 2023 Filing Year: 2024 ________________________________________ Dear IRS Representative, We are submitting this written explanation to request the waiver of any penalties associated with the late filing of Form 990 for the tax year 2023. The delay in filing was due to reasonable cause and not due to willful neglect. Reason for Late Filing The late submission of Form 990 was due to Unforeseen Administrative Delays: The organization experienced unexpected delays in gathering financial records and ensuring the accuracy of reporting due to limited administrative resources. Corrective Action Taken * The organization has now completed and filed the Form 990 as soon as the issue was identified. * We have implemented internal compliance measures to ensure timely filings in future years, including setting reminders and seeking professional assistance when necessary. Request for Penalty Abatement Under IRS guidelines, penalties may be waived if the late filing was due to reasonable cause and not willful neglect. We respectfully request that any penalties be abated based on the circumstances described above. We sincerely appreciate your time and consideration. If any further information is required, please feel free to contact us at 208.313.9777. Sincerely, Marina Carter Treasurer Team Elevate 7on7, Inc.