Nonprofit · EIN 92-1653954
U2 ELITE FOUNDATION
Tax-exempt · WILMINGTON, DE 19804
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $5,800 | $8,072 | -$2,272 | $20,128 | $20,912 | $4,510 |
| December 31, 2023 | 990-EZ | $28,820 | $13,886 | $14,934 | $15,975 | – | $16,634 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,800
Expenses
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $8,072
Balance sheet and other
- Total assets, start of year
- $15,123
- Total assets, end of year
- $20,128
- Total liabilities, end of year
- $20,912
- Net assets, end of year
- $4,510
- Gross receipts
- $5,800
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONALD WALKER | FOUNDER | 36 | $0 |
990-EZ for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONALD WALKER | FOUNDER | 50 | $0 |
Address and contacts
- Address (IRS master file)
- 407 E AYRE ST, WILMINGTON, DE 19804-2512
- Signed the 990-EZ
- RONALD WALKER, FOUNDER
- Phone
- (302) 750-0173
- Website
- WWW.U2ATHLETICS.COM
- Return prepared by
- D HOWARD & ASSOCIATES LLC
Mission
WE FOSTER AMATEUR SPORTS FOR THE YOUTH.
Program accomplishments
- We successfully fulfilled the mission by having our main focus of getting athletes mental health training throughout the course of the year and giving the space to play.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 92-1653954
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Recreation and sports (N62)
- Assets (IRS master file)
- $20,128
- Income (IRS master file)
- $5,800
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $5,800 | $8,072 | $20,128 | XML |
| 990-EZ | December 2023 | $28,820 | $13,886 | $15,975 | XML |
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 92-1653954).
Questions about U2 ELITE FOUNDATION
- What is the EIN of U2 ELITE FOUNDATION?
- The employer identification number (EIN) of U2 ELITE FOUNDATION is 92-1653954.
- Is U2 ELITE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to U2 ELITE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does U2 ELITE FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of U2 ELITE FOUNDATION 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 U2 ELITE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of U2 ELITE FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does U2 ELITE FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $5,800, expenses of $8,072 and total assets of $20,128 at year end.
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