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Nonprofit · EIN 99-0934209

AB ELITE

Tax-exempt · DESOTO, TX 75115

Financials

$133K$125K2024
Revenue Expenses · by fiscal year end
Financials of AB ELITE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$132,777$124,925$7,852$7,852$0$7,852
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$132,368
Other revenue
$409

Expenses

Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$32,684
Occupancy
$244
Printing, publications and postage
$128
Other expenses
$91,869
Program services (functional)
$99,940

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$7,852
Total liabilities, end of year
$0
Net assets, end of year
$7,852
Cash, savings and investments
$7,852
Gross receipts
$133,735

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.

NameTitleHours / weekCompensation
JENNIFER BLACKDIRECTOR40$0
BILL CAVALLEDIRECTOR1$0
ANTHONY BLACKDIRECTOR1$0

Address and contacts

Address (IRS master file)
1204 WHISPERING OAKS DR, DESOTO, TX 75115-7409
Signed the 990-EZ
JENNIFER BLACK, DIRECTOR
Phone
(817) 566-4647
Return prepared by
BAKER TILLY ADVISORY GROUP LP

Mission

TO HELP ENCOURAGE, INSPIRE, AND DEVELOP YOUNG BASKETBALL PLAYERS TO REACH THEIR FULL POTENTIAL, BOTH ON AND OFF THE BASKETBALL COURT. BY USING THE GAME OF BASKETBALL, WE WILL INSTILL LIFE LESSONS SUCH AS CHARACTER, TEAMWORK, DISCIPLINE, AND SPORTSMANSHIP. WITH THESE GOALS WE HOPE TO CREATE GREAT STUDENT-ATHLETES WHO WILL EVENTUALLY BECOME LEADERS OF THEIR COMMUNITY AND OUR COUNTRY.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • AT AB ELITE, IT MEANS MORE - HOW CAN A SPORT BECOME ABOUT MORE THAN JUST A BALL? WHEN IT CREATES A TEAM THAT BECOMES FAMILY. WHEN THIS FAMILY TAKES YOU TO NEW PLACES TO EXPERIENCE NEW CULTURES AND WAYS OF LIFE. IT ALLOWS ACCESS TO THE BEST TRAINERS AND COACHES AND THE POTENTIAL FOR ALL FORMS OF HIGHER EDUCATION. A SPORT BECOMES MORE THAN JUST A BALL WHEN IT MAKES YOU A BETTER YOU. AT AB ELITE, A BALL IS JUST MORE.
    Expenses $99,940

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-EZ on file
2023December 31, 2023May 15, 2024Check at the IRS

IRS record

EIN
99-0934209
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
Assets (IRS master file)
$7,852
Income (IRS master file)
$133,735

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$132,777$124,925$7,852XML

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 99-0934209).

Questions about AB ELITE

What is the EIN of AB ELITE?
The employer identification number (EIN) of AB ELITE is 99-0934209.
Is AB ELITE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to AB ELITE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AB ELITE 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 AB ELITE 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 AB ELITE 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 AB ELITE?
The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does AB ELITE have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $132,777, expenses of $124,925 and total assets of $7,852 at year end.

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