Civic Intelligence

7Element Athletics Inc.

990EZ • Fiscal year 2022 • EIN 83-1248558

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 23, 2023

725 Meriwether RdClarksville, TN 37040

(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 2022

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2022

Net Margin

5th percentile

-135%

Higher net margin than 5% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

10th percentile

-51%

Faster asset growth than 10% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-73%

Faster revenue growth than 6% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$23,283

Down $23,770 (-51%) from 2021

Net Assets

Down

$23,283

Down $23,770 (-51%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$17,617

Down $47,945 (-73%) from 2021

Expenses

Down

$41,387

Down $15,722 (-28%) from 2021

Net Income

Down

-$23,770

Down $32,223 (-381%) from 2021

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

2022

Assets$23,283
Liabilities-
Net Assets$23,283

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

2022

Revenue$17,617
Expenses$41,387
Net Income-$23,770
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 23, 2023
Return Version
2022v5.0
Gross Receipts
$17,617
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 OTHER 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.-$36,141
Compensation and Service Providers

Employees

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

Filer

Filer Name
7element Athletics Inc
EIN
83-1248558
Phone
9312495660
Address
725 MERIWETHER RD, CLARKSVILLE, TN 37040

Signing Officer

Name
Brian R Bailey
Title
Executive Director
Phone
9312495660
Signed
2023-10-23
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 2,485 office expense 1,746 auto expense 1,538 travel 1,654 meals 1,319 total 8,742

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

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IRS990EZ/PrimaryExemptPurposeTxt0OUR 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE PROGRAM HAS PROVIDED FREE OF COST SPORTS PROGRAMS IN THE FORM OF ICE HOCKEY AND OTHER 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 2,485 OFFICE EXPENSE 1,746 AUTO EXPENSE 1,538 TRAVEL 1,654 MEALS 1,319 TOTAL 8,742
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 OTHER 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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings