TEAM MAGIC ELITE INC
MEMPHIS,
Tennessee,
38125
EIN: 81-1889773
Recreation, Sports, Leisure, Athletics
MISSION
TO PLAN, ORGANIZE, SPONSOR AND PROMOTE BASKETBALL ACTIVITIES AND EVENTS FOR PLAYERS, COACHES AND TEAMS INCLUDING TRAINING, GAMES ETC. TO ACQUIRE ATHLETIC EQUIPMENT NECESSARY TO ACCOMPLISH ORGANIZATIONAL MISSION AND GOALS
DEMOGRAPHIC
ADDRESS
7285 PINNACLE FARMS DR
38125
COUNTY
shelby county, TN
ORGANIZATIONAL OVERVIEW & RANKINGS
TEAM MAGIC ELITE INC is a based in MEMPHIS, TN, focused on Recreation, Sports, Leisure, Athletics causes , specifically Basketball. Established in May 2018, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 2,394,678 among 2,656,690 nonprofits nationally (Top 91%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 36,059 out of 52,500 organizations in TN (Top 69%).
In shelby county, TN, the organization ranks 5,754 out of 12,814 nonprofits by assets (Top 45%), while locally in memphis, it stands at 9,721 among 10,368 organizations (Top 94%).
The organization reported no revenue in the most recent filing period, placing it at 2,129,949 nationally and 48,599 in TN.
Within its specific NTEE classification (N62 - N: Recreation, Sports, Leisure, Athletics), which includes 5,574 similar organizations, TEAM MAGIC ELITE INC ranks 5,548 in assets (Top 100%) and 5,493 in revenue (Top 99%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2019 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
N: Recreation, Sports, Leisure, Athletics
NTEE CODE
N62: Basketball
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Wednesday, May 15, 2019;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
N/A
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
05/2018
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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