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Nonprofit · EIN 38-3954786

POWERHOUSE SPORTS CORPORATION

Tax-exempt · EVANSTON, IL 60201

Financials

$297K$363K2023$364K$286K2024
Revenue Expenses · by fiscal year end
Financials of POWERHOUSE SPORTS CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$363,526$285,711$77,815$96,308$0$96,308
December 31, 2023990$297,329$363,418-$66,089$18,493$0$18,493
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$363,526
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$66,300
Other salaries and wages
$71,300
Salaries, compensation and benefits (total)
$137,600
Professional fundraising fees
$0
Accounting fees
$4,404
Occupancy
$7,100
Travel
$5,428
Program services (functional)
$233,735
Management and general (functional)
$51,976

Balance sheet and other

Total assets, start of year
$18,493
Total assets, end of year
$96,308
Total liabilities, end of year
$0
Net assets, end of year
$96,308
Net assets without donor restrictions
$96,308
Gross receipts
$363,526
Employees
0
Year formed
2014
State of legal domicile
IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Jetter GibsonVice President
Officer
12$30,300
Rudy MeoPresident
Officer
12$23,500
Miles ShockleySecretary
Officer
5$12,500
Dante JohnsonDirector
Trustee or director
2$0
Necus MayneDirector
Trustee or director
2$0
Rob PressoirDirector
Trustee or director
2$0
Juggi SinghTreasurer
Officer
2$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
Jetter GibsonVice President
Officer
12$17,500
Rudy MeoPresident
Officer
12$17,000
Miles ShockleySecretary
Officer
5$9,250
Dante JohnsonDirector
Trustee or director
2$0
Necus MayneDirector
Trustee or director
2$0
Rob PressoirDirector
Trustee or director
2$0
Juggi SinghTreasurer
Officer
2$0

Address and contacts

Address (IRS master file)
2142 DEWEY AVE, EVANSTON, IL 60201-3023
In care of
% RUDOLPH MEO
Mailing address (990-N for 2017)
2142 DEWEY AVE, EVANSTON IL 60201
Principal officer (990-N for 2017)
RUDOLPH MEO, 2142 DEWEY AVE, EVANSTON IL 60201
Signed the 990
RUDOLPH MEO, President
Phone
(224) 628-0100
Return prepared by
ANNA NALLS CPA PC

Mission

Powerhouse Sports Corporation provides student-athletes with the best indstructions, competition and exposure. Together with our affiliate, Hoop Avenues Athletics, we provide a skill development and technical based approach. Powerhouse Sports Corporation provides each and every team with an opportunity to compete at the highest levels of play, both regionally and nationally.

990 for the year ended December 31, 2024

Program accomplishments

  • Guided by relentless focus on the youth of the community, Powerhouse Sports Corporation provides a program which prides itself on teaching not only the skills needed for basketball, sportsmanship, or physical activity, but most importantly character development. Our program supplies the opportunity for young student athletes to develop everlasting friendships and relationships, but also the opportunity to continue to reach and surpass their basketball aspirations. Powerhouse Sports Corporation has increased its revenue from activities providing coaching and competition in the sport of basketball to the community of Evanston.
    Expenses $233,735 · revenue $363,526

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
38-3954786
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2015
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$96,308
Income (IRS master file)
$363,526

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$363,526$285,711$96,308IRS
990December 2023$297,329$363,418$18,493XML
990December 2022$285,599$266,577$84,582IRS
990December 2021$214,410$207,031$65,560IRS
990December 2020$109,471$143,880$58,181IRS
990December 2018–––IRS
990-N for 2017
Officer: RUDOLPH MEO
December 31, 2017≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-3954786).

Questions about POWERHOUSE SPORTS CORPORATION

What is the EIN of POWERHOUSE SPORTS CORPORATION?
The employer identification number (EIN) of POWERHOUSE SPORTS CORPORATION is 38-3954786.
Is POWERHOUSE SPORTS CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to POWERHOUSE SPORTS CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does POWERHOUSE SPORTS CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of POWERHOUSE SPORTS CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did POWERHOUSE SPORTS CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of POWERHOUSE SPORTS CORPORATION?
The 990-N for 2017 names RUDOLPH MEO.
Who are the officers and directors of POWERHOUSE SPORTS CORPORATION?
The 990 for the year ended December 31, 2024 lists 7 people; 3 received compensation from the organization, the highest $30,300 (Jetter Gibson, Vice President).
How much revenue does POWERHOUSE SPORTS CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $363,526, expenses of $285,711 and total assets of $96,308 at year end.

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