Civic Intelligence

Life Sports

990 • Fiscal year 2017 • EIN 81-4450084

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 25, 2018

Organization ProfileN/A
1101 Red Ventures DrFort Mill, SC 29707-5005

(704) 910-8845

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.19x

Higher debt load relative to assets than 82% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

77th percentile

0.05x

Higher debt load relative to revenue than 77% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

79th percentile

23%

Higher net margin than 79% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Balance Sheet
Liabilities / Assets82nd percentile

Assets

$28,103

No earlier filing loaded for comparison.

Net Assets

$22,798

No earlier filing loaded for comparison.

Liabilities

$5,305

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin79th percentile

Revenue

$100,200

No earlier filing loaded for comparison.

Expenses

$77,402

No earlier filing loaded for comparison.

Net Income

$22,798

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0-$50K-$100KAssets 2017: $28,103Liabilities 2017: $5,305Net Assets 2017: $22,7982017Assets 2018: $110,899Liabilities 2018: $22,187Net Assets 2018: $88,7122018Assets 2019: $98,587Liabilities 2019: $95,012Net Assets 2019: $3,5752019Assets 2020: $6,358Liabilities 2020: $65,629Net Assets 2020: -$59,2712020Assets 2021: $3,497Liabilities 2021: $66,350Net Assets 2021: -$62,8532021Assets 2022: $1,359Liabilities 2022: $64,499Net Assets 2022: -$63,1402022

Highlighted filing

2017

Assets$28,103
Liabilities$5,305
Net Assets$22,798
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2017: $100,200Expenses 2017: $77,402Net Income 2017: $22,7982017Revenue 2018: $262,897Expenses 2018: $196,983Net Income 2018: $65,9142018Revenue 2019: $232,251Expenses 2019: $317,388Net Income 2019: -$85,1372019Revenue 2020: $52,986Expenses 2020: $115,832Net Income 2020: -$62,8462020Revenue 2021: $0Expenses 2021: $3,582Net Income 2021: -$3,5822021Revenue 2022: $0Expenses 2022: $287Net Income 2022: -$2872022

Highlighted filing

2017

Revenue$100,200
Expenses$77,402
Net Income$22,798
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 25, 2018
Return Version
2017v2.3
Gross Receipts
$100,200
Mission and Program Overview

Mission

A program that combines sports, mentorship, and academics to empower young men to achieve and inspire them to become leaders in their communities.

Creation of afterschool environment to accelerate academic achievements through mentoring and basketball to inspire students to be leaders in their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$24,903-
Rtn Earn Endowment Incm Other Fnds$0$22,798▲ $22,798
Prepaid Expenses and Deferred Charges-$3,200-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$28,103▲ $28,103
Liabilities
Accounts Payable and Accrued Expenses-$5,305-
Total Liabilities$0$5,305▲ $5,305
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$22,798▲ $22,798
Total Liabilities and Net Assets / Fund Balance$0$28,103▲ $28,103
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Ricardo EliasPresident
John ComlySecretary
Mark BrodskyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$100,200
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$100,200
Change in Net Assets
$22,798

Audited Revenue Reconciliation

Revenue per Audited Statements
$100,200
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$138,762
Total Revenue per Audited Statements
$238,962
Total Revenue per Form 990
$100,200
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$77,402
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$34,969--$34,969
Other Expenses$14,280--$14,280
Insurance$12,751--$12,751
Office Expenses$10,030--$10,030
All Other Expenses$5,347--$5,347
Travel$25--$25
Total Functional Expenses$77,402$0$0$77,402

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$216,164
Expenses Not Reported on Form 990$138,762
Expenses per Audited Statements$77,402
Total Expenses per Form 990$77,402
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“The officers and directors listed are all related to each other through business relationships at red ventures, llc.”

Form 990, Part VI, Section B, Line 11B

“All members of the governing body are provided with a complete draft of the form 990 prior to filing the form.”

Form 990, Part VI, Section B, Line 12C

“To ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a. Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. B. Whether partnerships, joint ventures, and arrangements with management organizations conform to the organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.”

Form 990, Part VI, Section C, Line 19

“The organization will provide its governing documents, conflict of interest policy, and financial statements upon request.”

Filing and Contact Details

Filer

Filer Name
Life Sports
EIN
81-4450084
Phone
7049108845
Address
1101 RED VENTURES DR, FORT MILL, SC 29707-5005

Signing Officer

Name
Mark Brodsky
Title
Chief Financial Officer
Phone
7049108845
Signed
2018-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ric Elias
Formed
2017
Legal Domicile
Sc
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
12

Preparer

Firm
Cliftonlarsonallen Llp
Address
227 WEST TRADE STREET SUITE 800, CHARLOTTE, NC 28202
Preparer
John Norman
Phone
7049985200
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“This is the first year for the organization.”

Financial Statement Notes

PART X, LINE 2:

“The organization is a nonprofit organization and is exempt from income tax under section 501(c)(3) of the internal revenue code with respect to its exempt function income. The organization is not a private foundation as defined by section 509(a) of the internal revenue code. The organization's income tax returns are subject to review and examination by federal, state, and local authorities. The organization is not aware of any activities that would jeopardize its tax-exempt status. The organization is not aware of any activities that are subject to tax on unrelated business income or excise or other taxes. Generally accepted accounting principles require an organization to recognize a tax benefit or expense from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the tax authorities, based on the technical merits of the position. Management believes the organization had no uncertain tax positions as of december 31, 2017.”

Raw XML Appendix298 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NONPROFIT ORGANIZATION AND IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE WITH RESPECT TO ITS EXEMPT FUNCTION INCOME. THE ORGANIZATION IS NOT A PRIVATE FOUNDATION AS DEFINED BY SECTION 509(A) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE AN ORGANIZATION TO RECOGNIZE A TAX BENEFIT OR EXPENSE FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT BELIEVES THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE OFFICERS AND DIRECTORS LISTED ARE ALL RELATED TO EACH OTHER THROUGH BUSINESS RELATIONSHIPS AT RED VENTURES, LLC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL MEMBERS OF THE GOVERNING BODY ARE PROVIDED WITH A COMPLETE DRAFT OF THE FORM 990 PRIOR TO FILING THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. B. WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION WILL PROVIDE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THIS IS THE FIRST YEAR FOR THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MARK BRODSKY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF FINANCIAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum07049108845
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIFE SPORTS
ReturnHeader/Filer/BusinessNameControlTxt0LIFE
ReturnHeader/Filer/EIN0814450084
ReturnHeader/Filer/PhoneNum07049108845
ReturnHeader/Filer/USAddress/AddressLine1Txt01101 RED VENTURES DR
ReturnHeader/Filer/USAddress/CityNm0FORT MILL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd0297075005
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0967DCA4FABF3D6C7AE4D014617AEEE9CE601AE20
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B59B1843968544A18F89CBE3DCE446A2629E2608
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.137.57.251
ReturnHeader/FilingSecurityInformation/IPDt02018-10-25
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm017:46:45
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0227 WEST TRADE STREET SUITE 800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028202
ReturnHeader/PreparerPersonGrp/PhoneNum07049985200
ReturnHeader/PreparerPersonGrp/PreparationDt02018-10-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN NORMAN
ReturnHeader/ReturnTs02018-11-07T18:17:42-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,103
Liabilities
$5,305
Net assets
$22,798
Revenue
$100,200
Expenses
$77,402
Net income
$22,798
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.01$0.64$0.63$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.03$0.66$0.63$0.00$0.04$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.06$0.66$0.59$0.53$1.16$0.63
2019Detailed filing. Detailed filing data is available for this year.$0.99$0.95$0.04$2.32$3.17$0.85
2018Detailed filing. Detailed filing data is available for this year.$1.11$0.22$0.89$2.63$1.97$0.66
2017Detailed filing. Detailed filing data is available for this year.$0.28$0.05$0.23$1.00$0.77$0.23