Civic Intelligence

7Element Athletics Inc.

990EZ • Fiscal year 2021 • EIN 83-1248558

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 26, 2022

5264 Hickory Hollow PkwyAntioch, TN 37013

(931) 249-5660

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

56th percentile

13%

Higher net margin than 56% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

67th percentile

22%

Faster asset growth than 67% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

55th percentile

9.6%

Faster revenue growth than 55% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$47,053

Up $8,453 (+22%) from 2020

Net Assets

Up

$47,053

Up $8,453 (+22%) from 2020

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$65,562

Up $5,738 (+9.6%) from 2020

Expenses

Up

$57,109

Up $17,034 (+43%) from 2020

Net Income

Down

$8,453

Down $11,296 (-57%) from 2020

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2019: $18,851Net Assets 2019: $18,8512019Assets 2020: $38,600Net Assets 2020: $38,6002020Assets 2021: $47,053Net Assets 2021: $47,0532021Assets 2022: $23,283Net Assets 2022: $23,2832022

Highlighted filing

2021

Assets$47,053
Liabilities-
Net Assets$47,053

Operations Trend

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

$100K$50K$0-$50KRevenue 2019: $79,226Expenses 2019: $60,562Net Income 2019: $18,6642019Revenue 2020: $59,824Expenses 2020: $40,075Net Income 2020: $19,7492020Revenue 2021: $65,562Expenses 2021: $57,109Net Income 2021: $8,4532021Revenue 2022: $17,617Expenses 2022: $41,387Net Income 2022: -$23,7702022

Highlighted filing

2021

Revenue$65,562
Expenses$57,109
Net Income$8,453
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 26, 2022
Return Version
2021v4.0
Gross Receipts
$65,562
Mission and Program Overview

Mission

Our mission at 7element is to provide a healthy mental outlet for our members, a sense of purpose to our members, and to close the civilian/ military divide. 7element uses the power of sports to provide a place for members to feel as though they are needed and to provide a median to close the division between those who sacrifice for our communities and the people who live in those communities. 7element plans to complete its mission by helping relieve the financial burden that is associated with many sports. Whether through league fees or by providing sporting equipment, 7element is dedicated to getting our members involved in the sport of their choice.

Program Services

DescriptionGrantsExpenses
THE PROGRAM HAS PROVIDED FREE OF COST SPORTS PROGRAMS IN THE FORM OF ICE HOCKEY AND OUTDOOR SPORTS. OUR HOCKEY PROGRAM HAS COVERED THE ENTIRE COST OF PLAYING THE SPORT FOR OVER 300 PLAYERS IN THE MIDDLE TN AREA. THAT INCLUDES EQUIPMENT, TAPE, SKATE SHARPENING, FOOD AND BEVERAGE, ICE FEES, AND INCIDENTALS. THE OUTDOOR PROGRAM HAS PROVIDED CAMPING EQUIPMENT FOR OUTDOOR ACTIVITIES.-$33,518
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRIAN R BAILEYExecutive Di-$0--
LUKE JERKINSPresident-$0--
STEPHANIE SULLIVANDirector-$0--
HAL GILLDirector-$0--
BRAD MILLERDirector-$0--
Filing and Contact Details

Filer

Filer Name
7element Athletics Inc
EIN
83-1248558
Phone
9312495660
Address
5264 HICKORY HOLLOW PKWY, ANTIOCH, TN 37013

Signing Officer

Name
Brian R Bailey
Title
Executive Director
Phone
9312495660
Signed
2022-10-26
Discuss with paid preparer
Yes

Preparer

Firm
Erin H Lee CPA
Address
3402 CAINLO DR STE 900, CLARKSVILLE, TN 37042-0871
Preparer
Erin H Lee CPA
Phone
9316140877
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 3,812 office expense 6,072 auto expense 687 travel 961 workshop 300 total 11,832

Form 990-ez, Part III

Our mission at 7element is to provide a healthy mental outlet for our members, a sense of purpose to our members, and to close the civilian/ military divide. 7element uses the power of sports to provide a place for members to feel as though they are needed and to provide a median to close the division between those who sacrifice for our communities and the people who live in those communities. 7element plans to complete its mission by helping relieve the financial burden that is associated with many sports. Whether through league fees or by providing sporting equipment, 7element is dedicated to getting our members involved in the sport of their choice.

Form 990-ez, Part III, Line 28

The program has provided free of cost sports programs in the form of ice hockey and outdoor sports. Our hockey program has covered the entire cost of playing the sport for over 300 players in the middle tn area. That includes equipment, tape, skate sharpening, food and beverage, ice fees, and incidentals. The outdoor program has provided camping equipment for outdoor activities.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING AND PROMOTION 3,812 OFFICE EXPENSE 6,072 AUTO EXPENSE 687 TRAVEL 961 WORKSHOP 300 TOTAL 11,832
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OUR MISSION AT 7ELEMENT IS TO PROVIDE A HEALTHY MENTAL OUTLET FOR OUR MEMBERS, A SENSE OF PURPOSE TO OUR MEMBERS, AND TO CLOSE THE CIVILIAN/ MILITARY DIVIDE. 7ELEMENT USES THE POWER OF SPORTS TO PROVIDE A PLACE FOR MEMBERS TO FEEL AS THOUGH THEY ARE NEEDED AND TO PROVIDE A MEDIAN TO CLOSE THE DIVISION BETWEEN THOSE WHO SACRIFICE FOR OUR COMMUNITIES AND THE PEOPLE WHO LIVE IN THOSE COMMUNITIES. 7ELEMENT PLANS TO COMPLETE ITS MISSION BY HELPING RELIEVE THE FINANCIAL BURDEN THAT IS ASSOCIATED WITH MANY SPORTS. WHETHER THROUGH LEAGUE FEES OR BY PROVIDING SPORTING EQUIPMENT, 7ELEMENT IS DEDICATED TO GETTING OUR MEMBERS INVOLVED IN THE SPORT OF THEIR CHOICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROGRAM HAS PROVIDED FREE OF COST SPORTS PROGRAMS IN THE FORM OF ICE HOCKEY AND OUTDOOR SPORTS. OUR HOCKEY PROGRAM HAS COVERED THE ENTIRE COST OF PLAYING THE SPORT FOR OVER 300 PLAYERS IN THE MIDDLE TN AREA. THAT INCLUDES EQUIPMENT, TAPE, SKATE SHARPENING, FOOD AND BEVERAGE, ICE FEES, AND INCIDENTALS. THE OUTDOOR PROGRAM HAS PROVIDED CAMPING EQUIPMENT FOR OUTDOOR ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
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