MISSION
The purpose of the organization is to offer a youth basketball league in our community to foster amateur sports competition. We do charge a small registration fee per session. We may pay wages to referees. We are all volunteers.
DEMOGRAPHIC
ADDRESS
62 LAFAYETTE ST
02368
COUNTY
norfolk county, MA
IN CARE OF NAME
TANEJA J DRAYTON
ORGANIZATIONAL OVERVIEW & RANKINGS
YG ELITE INC is a based in RANDOLPH, MA, focused on Recreation, Sports, Leisure, Athletics causes , specifically Basketball. Established in December 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 2,572,004 among 2,656,690 nonprofits nationally (Top 97%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 48,532 out of 58,562 organizations in MA (Top 83%).
In norfolk county, MA, the organization ranks 5,642 out of 6,103 nonprofits by assets (Top 93%), while locally in randolph, it stands at 238 among 266 organizations (Top 86%).
The organization reported no revenue in the most recent filing period, placing it at 2,044,646 nationally and 48,756 in MA.
Within its specific NTEE classification (N62 - N: Recreation, Sports, Leisure, Athletics), which includes 5,574 similar organizations, YG ELITE INC ranks 4,203 in assets (Top 76%) and 4,148 in revenue (Top 75%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2023 .
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: Monday, May 15, 2023;
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
12/2020
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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