Nonprofit · EIN 99-0824211
TERPS YOUTH SPORTS ORGANIZATION INC
Tax-exempt · OLNEY, MD 20832
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $261,499 | $257,685 | $3,814 | $21,659 | $17,845 | $3,814 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $133,570
- Program service revenue
- $121,750
- Investment income
- $5
- Net income from fundraising events
- $6,174
- Other revenue
- $6,174
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $8,120
- Accounting fees
- $1,500
- Program services (functional)
- $246,359
- Management and general (functional)
- $10,140
- Fundraising (functional)
- $1,186
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $21,659
- Total liabilities, end of year
- $17,845
- Net assets, end of year
- $3,814
- Net assets without donor restrictions
- $3,814
- Gross receipts
- $266,025
- Employees
- 0
- Volunteers
- 100
- Year formed
- 2024
- State of legal domicile
- MD
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS KELLEY | PRESIDENT Trustee or director, Officer | 2 | $0 |
| PHIL SARDELIS | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| VERONICA SMART | TREASURER Trustee or director, Officer | 1 | $0 |
| BRITTANY CARROLL | SECRETARY Trustee or director, Officer | 1 | $0 |
| BRIAN SCHNEIDER | BOARD MEMBER Trustee or director | 2 | $0 |
| ALAN SHIFFLET | BOARD MEMBER Trustee or director | 1 | $0 |
| TONY MESSER | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2800 SEABISCUIT DR, OLNEY, MD 20832-2711
- In care of
- % CHRIS KELLEY
- Principal officer (990 for 2024)
- CHRIS KELLEY, 2800 SEABISCUIT DR, OLNEY, MD 208322711
- Signed the 990
- CHRIS KELLEY, PRESIDENT
- Phone
- (301) 570-1500
- Website
- WWW.OLNEYTERPS.COM
- Return prepared by
- UHY ADVISORS MID-ATLANTIC INC
Mission
TERPS YOUTH SPORTS IS DEDICATED TO DEVELOPING YOUNG ATHLETES, AGES 5 TO 14, BY PROVIDING A POSITIVE AND COMPETITIVE ENVIRONMENT THAT FOSTERS ATHLETIC SKILL, PERSONAL GROWTH, AND COMMUNITY SPIRIT. THE ORGANIZATION EMPHASIZES HARD WORK, RESPECT, TEAMWORK, DISCIPLINE, AND SPORTSMANSHIP, WHILE NURTURING EACH CHILD'S POTENTIAL BOTH ON AND OFF THE FIELD. TERPS YOUTH SPORTS IS COMMITTED TO CREATING A SUPPORTIVE COMMUNITY FOR ATHLETES, COACHES, AND FAMILIES, ENSURING EVERY CHILD HAS A REMARKABLE AND ENRICHING YOUTH SPORTS EXPERIENCE.
Program accomplishments
- FOOTBALL: TERPS YOUTH SPORTS DELIVERS AN UNPARALLELED YOUTH FOOTBALL EXPERIENCE FOCUSED ON TEAMWORK, DISCIPLINE, AND SPORTSMANSHIP.Expenses $202,573 · revenue $92,257
- CHEER: TERPS YOUTH SPORTS EMPHASIZES THE DEVELOPMENT OF CONFIDENCE, UNITY, AND SPIRIT THROUGH DYNAMIC CHEER PROGRAMS THAT PROMOTE TEAMWORK AND COMMUNITY PRIDE.Expenses $27,810 · revenue $15,764
- BASKETBALL: TERPS YOUTH SPORTS DEVELOPS YOUNG ATHLETES THROUGH SKILL-BUILDING AND PERSONAL GROWTH IN A SUPPORTIVE, COMPETITIVE ENVIRONMENT.Expenses $15,976 · revenue $13,729
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 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 99-0824211
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N60)
- Assets (IRS master file)
- $21,659
- Income (IRS master file)
- $266,025
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $261,499 | $257,685 | $21,659 | 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 99-0824211).
Questions about TERPS YOUTH SPORTS ORGANIZATION INC
- What is the EIN of TERPS YOUTH SPORTS ORGANIZATION INC?
- The employer identification number (EIN) of TERPS YOUTH SPORTS ORGANIZATION INC is 99-0824211.
- Is TERPS YOUTH SPORTS ORGANIZATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to TERPS YOUTH SPORTS ORGANIZATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TERPS YOUTH SPORTS ORGANIZATION INC 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 TERPS YOUTH SPORTS ORGANIZATION INC 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 TERPS YOUTH SPORTS ORGANIZATION INC 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 TERPS YOUTH SPORTS ORGANIZATION INC?
- The 990 for the year ended December 31, 2024 names CHRIS KELLEY.
- Who are the officers and directors of TERPS YOUTH SPORTS ORGANIZATION INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does TERPS YOUTH SPORTS ORGANIZATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $261,499, expenses of $257,685 and total assets of $21,659 at year end.
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