Team Elevate 7On7

“Schedule O Explanation for Form 990 Review Process Team Elevate 7on7, Inc. Review Process for Form 990: Team Elevate 7on7, Inc. follows a structured review process before the submission of Form 990 to ensure accuracy and compliance with IRS regulations. The process is as follows: Preparation of Form 990: The Treasurer, with the assistance of an accountant or financial professional (if applicable), prepares the Form 990 using the organization's financial records. Financial data, including revenue, expenses, and governance information, is compiled from internal reports, bank statements, and accounting software. Internal Review by the Board: Once prepared, a draft of Form 990 is distributed to the President, Secretary, and Treasurer for initial review. Board members verify that financial information and governance details align with internal records. Any questions or discrepancies are discussed and corrected before finalization. Board Approval: The final version of Form 990 is presented at a board meeting or via email for official review. The Board of Directors votes to approve the return before submission. If necessary, the board seeks input from an external accountant or tax professional to ensure compliance. Submission to the IRS: Once approved, the Treasurer or designated representative submits Form 990 to the IRS. A copy of the filed return is retained in the organization's records for reference and compliance purposes. Public Access to Form 990: Upon request, a copy of the filed Form 990 is made available to the public, as required by law. The form may also be posted on the organization's website or shared with donors and stakeholders as part of transparency efforts.”

“12c. Monitoring and Enforcement of the Conflict of Interest Policy Team Elevate 7on7, Inc. has a written conflict of interest policy that requires all officers, directors, trustees, and key employees to disclose annually any financial or personal interests that could create a conflict with the organization's activities. However, the organization does not have a formalized, documented process for regularly monitoring and enforcing compliance beyond the annual disclosure requirement. If a potential conflict arises, the Board of Directors reviews the situation on a case-by-case basis and determines an appropriate resolution. Board members with a potential conflict are required to recuse themselves from any discussion or vote related to the matter.”

“13. Whistleblower Policy Team Elevate 7on7, Inc. does not currently have a formal, written whistleblower policy. However, the organization encourages transparency and ethical conduct among its board members, officers, and volunteers. Any concerns about unethical behavior, financial misconduct, or violations of policies are informally reported to the Board of Directors for review and action. The organization plans to develop a formal whistleblower policy in the future to ensure a clear reporting structure and protections for individuals who report misconduct in good faith. 14. Document Retention and Destruction Policy Team Elevate 7on7, Inc. does not currently have a written document retention and destruction policy. However, financial records, governing documents, and other important records are retained in accordance with best practices for nonprofit organizations. The Board of Directors is responsible for ensuring that essential documents are securely stored and maintained for compliance and organizational transparency. The organization intends to develop a formal document retention and destruction policy to establish clear guidelines on the retention period for financial statements, tax returns, meeting minutes, and other key documents. 15. Compensation Review Process 15a. Process for Determining Compensation of CEO, Executive Director, or Top Management Official Team Elevate 7on7, Inc. does not have an Executive Director or CEO at this time. Compensation for top management officials is not determined through a formal review process involving independent persons, comparability data, or contemporaneous documentation. 15b. Process for Determining Compensation of Other Officers or Key Employees Compensation for officers, if any, is determined by the Board of Directors based on budget constraints and operational needs. The organization does not currently use a structured process with independent review or comparability data to determine officer or key employee salaries. 15c. Schedule O Explanation (If Applicable) If a structured process is introduced in the future, the organization will establish a compensation policy that includes: Reviewing compensation data from similar nonprofit organizations. Ensuring that any compensation decisions are documented in board meeting minutes. Conducting an independent review of salaries by non-interested board members.”

“Schedule O Explanation - Public Availability of Governing Documents, Conflict of Interest Policy, and Financial Statements Team Elevate 7on7, Inc. Public Access to Governing Documents, Conflict of Interest Policy, and Financial Statements Team Elevate 7on7, Inc. is committed to transparency and makes its key governing documents available to the public upon request. The organization follows the best practices for nonprofit accountability and ensures that stakeholders, donors, and the general public have access to important information regarding its operations and financial standing. Governing Documents (Articles of Incorporation & Bylaws): The organization's Articles of Incorporation and Bylaws are available for public inspection upon request. Requests can be made via email or written communication to the Board of Directors. If requested, a copy of these documents may be provided in digital or printed form. Conflict of Interest Policy: The Conflict of Interest Policy is available to board members, officers, and key employees. While the policy is not published on a public website, it can be made available upon request to donors, partners, or other interested parties. Financial Statements & Form 990: IRS Form 990: The organization's Form 990 is available to the public as required by law. A copy of the most recent Form 990 can be obtained: Through a request via email or written correspondence. From the IRS website or nonprofit transparency platforms such as GuideStar (Candid). Annual Financial Statements: While Team Elevate 7on7, Inc. does not routinely publish financial statements on a website, donors, stakeholders, or regulatory agencies may request financial reports as needed. The organization ensures compliance with public disclosure laws and will provide relevant governance and financial information to interested parties in a timely manner.”

“Insurance $1,030.12 Bank Fees $1,533.55 Cost of Goods Sold $15,724.74 Uniforms/Protective Gear $16,475.59 Field Rentals $5,664.22 Lodging $17,777.39 Tournament Fees $20,105.02 Equipment/Supplies $8,052.68 Entertainment $417.73 Reimbursements $11,308 Transportation $25,821.03 Advertisement $5,464.94 Food/Snacks/Drinks $5,139.46 Admin & Filings $1,725.79 Contractors & Volunteers $40.760.00 Total Expenses. $177,000.26”