Elite Foundation Inc

990EZ • Fiscal year 2013 • EIN 95-4596872

Jan 01, 2013 to Dec 31, 2013 • Filed on May 01, 2014

Organization Profile WWW.ELITEFOUNDATIONINC.ORG

PO Box 45187490045

(310) 641-2044

Siviq Scores

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

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

41%

Higher net margin than 89% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Higher top officer pay than 73% of similar nonprofits.

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

21%

Faster asset growth than 73% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

88%

Faster revenue growth than 91% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Balance Sheet

Liabilities / Assets55th percentile

Assets

$17,473

Up $3,068 (+21%) from 2012

Net Assets

$17,473

No earlier filing loaded for comparison.

Liabilities

Flat

Flat from 2012

Revenue And Expenses

Liabilities / Revenue56th percentile Net Margin89th percentile

Revenue

$7,460

Up $3,489 (+88%) from 2012

Expenses

$4,392

Up $2,172 (+98%) from 2012

Net Income

$3,068

Up $1,317 (+75%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

Highlighted filing

2013

Assets$17,473

Liabilities$0

Net Assets$17,473

Open 2013 Filing

Operations Trend

Revenue Growth91st percentile

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

Highlighted filing

2013

Revenue$7,460

Expenses$4,392

Net Income$3,068

Open 2013 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2013 to Dec 31, 2013
Signed: May 1, 2014
Return Version: 2013v3.1
Gross Receipts: $7,460

Mission and Program Overview

Mission

Provide center for leadership

Program Services

Description	Grants	Expenses
DONATIONS TO CHILDREN HOSPITALS AND OTHER CHARITIES	-	-

Compensation and Service Providers

Top Officer Pay73rd percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
MARTY AYO ADEBOWALE	Officer	-	$0	-	-

Filing and Contact Details

Filer

EIN: 95-4596872

Signing Officer

Name: Marty Ayo Adebowale
Title: Director
Phone: 3106412044
Signed: 2014-05-01
Discuss with paid preparer: Yes

Preparer

Preparer: Godwin Tomakili
Phone: 3109881535

Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountCHARITBALE CONTRIBUTIONS 3,100TELEPHONE EXPENSES 578CATERING 300SUPPLIES 414”

Raw XML Appendix113 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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IRS990EZ/BooksInCareOfDetail/PersonNm	0	SOLA ONIYIDE
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	3106412044
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1	0	804 N LA BREA AVENUE
IRS990EZ/BooksInCareOfDetail/USAddress/City	0	Inglewood
IRS990EZ/BooksInCareOfDetail/USAddress/State	0	CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode	0	90302
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	14405
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	17473
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IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	7460
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IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	3068
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IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	14405
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	17473
IRS990EZ/GrossReceiptsAmt	0	7460
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/LandAndBuildingsGrp/BOYAmt	0	0
IRS990EZ/LandAndBuildingsGrp/EOYAmt	0	0
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	14405
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	17473
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	14405
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	17473
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	0.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	MARTY AYO ADEBOWALE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	OFFICER
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	0
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	0
IRS990EZ/OtherExpensesTotalAmt	0	4392
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	PROVIDE CENTER FOR LEADERSHIP
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	DONATIONS TO CHILDREN HOSPITALS AND OTHER CHARITIES
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	0
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	0
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	4392
IRS990EZ/TotalProgramServiceExpensesAmt	0	0
IRS990EZ/TotalRevenueAmt	0	7460
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TypeOfOrganizationOtherDesc	0	NON PROFIT
IRS990EZ/TypeOfOrganizationOtherInd	0	X
IRS990EZ/WebsiteAddressTxt	0	WWW.ELITEFOUNDATIONINC.ORG
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt	0	7460
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt	0	3971
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	11431
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	1.00000
IRS990ScheduleA/PublicSupportPY509Pct	0	1.00000
IRS990ScheduleA/PublicSupportTotal509Amt	0	11431
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	7460
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	3971
IRS990ScheduleA/Total509Grp/TotalAmt	0	11431
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	7460
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	3971
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	0
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	0
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	11431
IRS990ScheduleC/CorrectionMadeInd	0	false
IRS990ScheduleC/Form4720FiledSection4955TaxInd	0	false
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Description of other expenses Part I line 16
ReturnHeader/BuildTS	0	2015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	MARTY AYO ADEBOWALE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	3106412044
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2014-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1	0	ELITE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt	0	ELIT
ReturnHeader/Filer/EIN	0	954596872
ReturnHeader/Filer/USAddress/AddressLine1	0	PO BOX 451874
ReturnHeader/Filer/USAddress/City	0	Los Angeles
ReturnHeader/Filer/USAddress/State	0	CA
ReturnHeader/Filer/USAddress/ZIPCode	0	90045
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	900353618
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1	0	4MBA INCOME TAX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1	0	3530 W CENTURY BLVD SUITE 103
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City	0	Inglewood
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State	0	CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode	0	90303
ReturnHeader/PreparerPersonGrp/PhoneNum	0	3109881535
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2014-09-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	GODWIN TOMAKILI
ReturnHeader/PreparerPersonGrp/SelfEmployedInd	0	X
ReturnHeader/ReturnTs	0	2014-09-18T18:04:22-07:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2013-01-01
ReturnHeader/TaxPeriodEndDt	0	2013-12-31
ReturnHeader/TaxYr	0	2013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $17,473
Liabilities: $0
Net assets: $17,473
Revenue: $7,460
Expenses: $4,392
Net income: $3,068

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2015Detailed filing. Detailed filing data is available for this year.	$21.8	$0.00	$21.8	$1.20	$0.58	$0.62
2014Detailed filing. Detailed filing data is available for this year.	$21.2	$0.00	$21.2	$4.84	$1.13	$3.71
2013Detailed filing. Detailed filing data is available for this year.	$17.5	$0.00	$17.5	$7.46	$4.39	$3.07
2012Summary only. Only limited summary data is available for this year.	$14.4	$0.00		$3.97	$2.22	$1.75
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$14.4	$0.00	$14.4	$6.73	$7.62	$0.90
2010Summary only. Only limited summary data is available for this year.	$15.3	$0.00		$8.91	$12.4	$3.44