Civic Intelligence

Top Flight Elite

990 • Fiscal year 2020 • EIN 90-0802029

Sep 01, 2019 to Aug 31, 2020 • Filed on Jul 08, 2020

Organization ProfileWWW.TOPFLIGHTELITE.COM
PO Box 1467Campbell, CA 95009-1467

(408) 807-8849

Siviq Scores

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

Liabilities / Assets

85th percentile

0.34x

Higher debt load relative to assets than 85% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

78th percentile

0.12x

Higher debt load relative to revenue than 78% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

15th percentile

-40%

Higher net margin than 15% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

89th percentile

$38,500

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 20.9% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

10th percentile

-44%

Faster asset growth than 10% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

14th percentile

-65%

Faster revenue growth than 14% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$64,879

Down $51,444 (-44%) from 2019

Net Assets

Down

$43,009

Down $73,314 (-63%) from 2019

Liabilities

Up

$21,870

Up $21,870 from 2019

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin15th percentile

Revenue

Down

$184,152

Down $344,980 (-65%) from 2019

Expenses

Down

$257,466

Down $188,980 (-42%) from 2019

Net Income

Down

-$73,314

Down $156,000 (-189%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$150K$100K$50K$0Assets 2012: $5,446Liabilities 2012: $02012Assets 2013: $6,984Liabilities 2013: $02013Assets 2014: $28,296Liabilities 2014: $51Net Assets 2014: $28,2452014Assets 2015: $6,873Liabilities 2015: $0Net Assets 2015: $6,8732015Assets 2016: $19,110Liabilities 2016: $0Net Assets 2016: $19,1102016Assets 2017: $12,181Liabilities 2017: $0Net Assets 2017: $12,1812017Assets 2018: $33,637Liabilities 2018: $0Net Assets 2018: $33,6372018Assets 2019: $116,323Liabilities 2019: $0Net Assets 2019: $116,3232019Assets 2020: $64,879Liabilities 2020: $21,870Net Assets 2020: $43,0092020Assets 2021: $42,255Liabilities 2021: $0Net Assets 2021: $42,2552021Assets 2022: $62,628Liabilities 2022: $0Net Assets 2022: $62,6282022Assets 2023: $46,122Liabilities 2023: $0Net Assets 2023: $46,1222023Assets 2024: $30,018Liabilities 2024: $0Net Assets 2024: $30,0182024

Highlighted filing

2020

Assets$64,879
Liabilities$21,870
Net Assets$43,009
Open 2020 Filing

Operations Trend

Revenue Growth14th percentile

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

$600K$400K$200K$0-$200KRevenue 2012: $43,130Expenses 2012: $37,684Net Income 2012: $5,4462012Revenue 2013: $142,672Expenses 2013: $141,134Net Income 2013: $1,5382013Revenue 2014: $231,971Expenses 2014: $210,710Net Income 2014: $21,2612014Revenue 2015: $251,628Expenses 2015: $273,050Net Income 2015: -$21,4222015Revenue 2016: $334,672Expenses 2016: $322,435Net Income 2016: $12,2372016Revenue 2017: $386,324Expenses 2017: $393,253Net Income 2017: -$6,9292017Revenue 2018: $459,340Expenses 2018: $483,463Net Income 2018: -$24,1232018Revenue 2019: $529,132Expenses 2019: $446,446Net Income 2019: $82,6862019Revenue 2020: $184,152Expenses 2020: $257,466Net Income 2020: -$73,3142020Revenue 2021: $224,979Expenses 2021: $225,733Net Income 2021: -$7542021Revenue 2022: $399,267Expenses 2022: $378,894Net Income 2022: $20,3732022Revenue 2023: $350,614Expenses 2023: $367,120Net Income 2023: -$16,5062023Revenue 2024: $435,214Expenses 2024: $451,318Net Income 2024: -$16,1042024

Highlighted filing

2020

Revenue$184,152
Expenses$257,466
Net Income-$73,314
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Jul 8, 2020
Return Version
2019v5.0
Gross Receipts
$184,152
Mission and Program Overview

Mission

The mission of the top flight elite is to teach life lessons through the game of basketball. We are dedicated to the principle that success is not given, but earned through hard work, dedication and focus. We want to use the game of basketball as an instrument to teach life skills to youth interested in pursuing basketball as a means to earning a college degree.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$115,572$64,128▼ $51,444
Savings and Temporary Cash Investments$751$751→ $0
Total Assets$116,323$64,879▼ $51,444
Liabilities
Other Liabilities-$21,870-
Total Liabilities$0$21,870▲ $21,870
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$116,323$43,009▼ $73,314
Total Net Assets Fund Balance$116,323$43,009▼ $73,314
Total Liabilities and Net Assets / Fund Balance$116,323$64,879▼ $51,444
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Christoper McswainPrincipalPT$38,500$38,500
Stephen GilesVice PresidePT$20,725$20,725

Board Members and Trustees

NameTitle
Alex SarrettCOO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$184,152
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-73,314
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$165,669
Salaries, Compensation, and Employee Benefits$91,797
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$65,583--$65,583
Current Officers, Directors, Trustees, and Key Employees$59,225--$59,225
Fees for Services Other$35,592--$35,592
Other Salaries and Wages$24,883--$24,883
Payroll Taxes$7,689--$7,689
Insurance-$3,891-$3,891
Fees for Services Accounting-$2,975-$2,975
Office Expenses-$2,475-$2,475
Other Expenses$1,128--$1,128
All Other Expenses$75$699-$774
Travel$123--$123
Total Functional Expenses$247,426$10,040$0$257,466
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$21,870
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Each member is provided a copy of form 990 and asked to review it. Then, a meeting is organized to answer any questions. After all questions are resolved, the form is submitted to the internal revenue service.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Top Flight Elite
EIN
90-0802029
Phone
4088078849
Address
PO BOX 1467, CAMPBELL, CA 95009-1467

Signing Officer

Name
Christoper Mcswain
Title
Principal
Phone
4088078849
Signed
2020-07-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christoper Mcswain
Formed
2016
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
3
Employees
5
Volunteers
35

Preparer

Firm
Wong Ewers Llp
Address
1060 N 4TH ST, SAN JOSE, CA 95112
Preparer
David Andrews
Phone
4082758600
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mission of the top flight elite is to teach life lessons through the game of basketball. We are dedicated to the principle that success is not given, but earned through hard work, dedication and focus. We want to use the game of basketball as an instrument to teach life skills to youth interested in pursuing basketball as a means to earning a college degree.”

Form 990, Part IX, Line 11G

“COACHING 35,592 0 0”

Raw XML Appendix302 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE TOP FLIGHT ELITE IS TO TEACH LIFE LESSONS THROUGH THE GAME OF BASKETBALL. WE ARE DEDICATED TO THE PRINCIPLE THAT SUCCESS IS NOT GIVEN, BUT EARNED THROUGH HARD WORK, DEDICATION AND FOCUS. WE WANT TO USE THE GAME OF BASKETBALL AS AN INSTRUMENT TO TEACH LIFE SKILLS TO YOUTH INTERESTED IN PURSUING BASKETBALL AS A MEANS TO EARNING A COLLEGE DEGREE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER IS PROVIDED A COPY OF FORM 990 AND ASKED TO REVIEW IT. THEN, A MEETING IS ORGANIZED TO ANSWER ANY QUESTIONS. AFTER ALL QUESTIONS ARE RESOLVED, THE FORM IS SUBMITTED TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COACHING 35,592 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TravelGrp/TotalAmt0123
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 1467
IRS990/USAddress/CityNm0CAMPBELL
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd0950091467
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.TOPFLIGHTELITE.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTOPER MCSWAIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL
ReturnHeader/BusinessOfficerGrp/PhoneNum04088078849
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TOP FLIGHT ELITE
ReturnHeader/Filer/BusinessNameControlTxt0TOPF
ReturnHeader/Filer/EIN0900802029
ReturnHeader/Filer/PhoneNum04088078849
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1467
ReturnHeader/Filer/USAddress/CityNm0CAMPBELL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd0950091467
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0942600253
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WONG EWERS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01060 N 4TH ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN JOSE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095112
ReturnHeader/PreparerPersonGrp/PhoneNum04082758600
ReturnHeader/PreparerPersonGrp/PreparationDt02021-07-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID ANDREWS
ReturnHeader/ReturnTs02021-07-08T07:49:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-09-01
ReturnHeader/TaxPeriodEndDt02020-08-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$64,879
Liabilities
$21,870
Net assets
$43,009
Revenue
$184,152
Expenses
$257,466
Net income
-$73,314
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$4.35$4.51$0.16
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.00$0.46$3.51$3.67$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.00$0.63$3.99$3.79$0.20
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.00$0.42$2.25$2.26$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.65$0.22$0.43$1.84$2.57$0.73
2019Summary only. Only limited summary data is available for this year.$1.16$0.00$1.16$5.29$4.46$0.83
2018Summary only. Only limited summary data is available for this year.$0.34$0.00$0.34$4.59$4.83$0.24
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.12$0.00$0.12$3.86$3.93$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.00$0.19$3.35$3.22$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$2.52$2.73$0.21
2014Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$2.32$2.11$0.21
2013Summary only. Only limited summary data is available for this year.$0.07$0.00$1.43$1.41$0.02
2012Summary only. Only limited summary data is available for this year.$0.05$0.00$0.43$0.38$0.05