2026-06-11T08:33:23-07:00 2025-07-31 953746884 Lawrence Russell CPA EA 10061 Talbert Ave Ste 200 Fountain Valley CA 92708 990 2025-07-01 952320002 Southern California Acro Team Inc DBA SCATS Gymnastics SOUT 7148952909 5742 McFadden Ave Huntington Beach CA 92649 David N Peters Chief Executive 2026-06-11 true Lawrence Russell CPA EA P01080900 7149655390 X 2025 2025-03-06 01:10:19Z X David N Peters 5742 McFadden Ave Huntington Beach CA 926491322 1651986 false X www.scatsgymnastics.com/ X 1974 CA Gymnastics training, education and competition X 3 2 119 0 0 3374807 288058 3037 710308 9948 -8800 3387792 989566 1360752 0 2249000 194323 0 0 1307338 291168 3556338 1846243 -168546 -856677 1462376 0 620298 0 842078 0 X Gymnastics training, education and competition false true 1837118 All efforts are directed to gymnastics training, education, and competition. This is available on a non-discriminatory and equal opportunity basis. SCATS has produced 14 United States Olympic Team Members and over 70 US National Team members. In 1984, SCATS made history with six women competing in the Olympic games and winning the first Olympic Silver Medal for the US. In 2012 and 2016, SCATS alumni Sam Mikulak competed on the Mens US Olympic Team. Mikulak also set records as 8x NCAA Champion and 5x National Champion. SCATS has trained a very large number of gymnasts who acquired full and partial college scholarships in the sport at a variety of reputable schools as a result of their training there. Please see the response to Part III, Line 3 in this Schedule O for additional information regarding the conversion. i. SCATS has an enrollment of over 1,300 student gymnasts at its gym in Huntington Beach.ii. SCATS employs approximately 100 coaches across a given year to provide high-level and recreational gymnastics training and education to each of its students.iii. SCATS is very "square footage" intensive and requires huge blocks of open space to provide adequate room for tumbling, vaulting, safe landing areas, and a sufficient number of gymnastics apparatus and training tools to meet the needs of the student population. The approximate square footage in Huntington Beach is 28,000 square feet. 1837118 true false false false false false false false false false false false false false false false false false true false false false false false false false false true false false false false false false false true true false false false true true false false false false false true 0 0 true 119 true false false false false false false false 0 false false false false false false false X 3 2 true false true false false false false true false false false true true true true true true false false false CA X Candice M Peters 9496983029 5742 McFadden Ave Huntington Beach CA 926491322 David N Peters Chief Executive 55.00 0.00 X 26250 0 670 Candice S Peters CFO 40.00 0.00 X 9125 0 0 Feng Yu Director 2.00 0.00 X 0 0 0 Phyllis J Peters Director & Chr 12.00 0.00 X 0 0 0 Bill Callander Director & Scty 2.00 0.00 X 0 0 0 35375 670 0 false false false 0 0 Train, educate, compete 611600 288058 288058 288058 165 165 0 0 0 1360752 650609 710143 710143 710143 0 0 3011 11811 -8800 -8800 0 989566 288058 701508 1360752 1360752 0 0 0 36045 26920 9125 0 144084 144084 0 0 14194 14194 0 79210 79210 26520 26520 0 0 0 0 2022 2022 180 180 0 0 22300 22300 0 0 0 75390 75390 0 8039 8039 9539 9539 Program operating supplies 17945 17945 Maintenance 8561 8561 Operating supplies 5512 5512 Credit card charges - merchant 4717 4717 31233 31233 1846243 1837118 9125 0 400 0 596503 0 0 0 0 0 0 9898 0 11211 0 172655 0 523806 0 0 0 0 147903 0 1462376 0 177072 443226 620298 0 X 842078 842078 0 1462376 0 -856677 14599 X false false false X true true true true true true true false false false false false false false false false false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized The Organization has publicized the following racially nondiscriminatory policy on its website: SCATS does not and shall not discriminate on the basis of race, color, religion (creed), gender, gender expression, age, national or ethnic origin (ancestry), disability, marital status, sexual orientation, or military status, in any of its activities or operations. These activities include, but are not limited to, hiriing and firing of staff, selection of volunteers and vendors, and provision of services. We celebrate our rich diversity here at SCATS and are committed to providing an inclusive and welcoming environment for all members of our staff, students, families and vendors among others. Schedule E, Line 4 - Explanation of Records and Materials Not Maintained Schedule E, Line 5 - Explanation of Organization Discrimination by Race true Orange County Community Fdn 19200 Von Karman Ave Ste 700 Irvine CA 92612 330378778 501(c)(3) 1360752 0 Cash payment 7/31/25 restricted grant agreement 1 0 Additional Supplemental Information Part II, Line 1(a)------------------SCATS Gymnastics (the Corporation) entered into a management sale transaction with David N. Peters, the Corporations Chief Executive, and Candice S. Peters, the Corporations financial controller and bookkeeper (together, the Buyer), pursuant to which the Corporation was converted into a California stock corporation owned and operated by the Buyer effective as of July 31, 2025 (the Conversion), in exchange for consideration in the amount of $1,360,752 (the Purchase Price), an amount equal to the Corporations fair market value at the time of the Conversion established through an independent, third party valuation of the Corporation. The Purchase Price was (1) paid in full by the Buyer in cash on or about July 31, 2025, (2) received by the Orange County Community Foundation, a California nonprofit public benefit corporation and a tax-exempt organization described in section 501(c)(3) of the Internal Revenue Code (the Community Foundation, EIN: 33-0378778) pursuant to a Restricted Grant Agreement dated effective as of July 31, 2025 by and between the Corporation and the Community Foundation, and (3) dedicated to charitable tax-exempt purposes, specifically to support local childrens healthcare programs. Please see the response to Part III, Line 3 in Schedule O for additional information regarding the foregoing transaction. Phyllis J Peters Director & Chair W-2 Wage false David N Peters Chief Executive 26250 W-2 Wage false Candice S Peters Financial Cntlr 9125 W-2 Wage false David N Peters Chief Executive 680376 Purchase/conversion false Candice S Peters Financial Cntlr 680376 Purchase/conversion false Schedule L, Part V Supplemental Information SCATS Gymnastics (the Corporation) entered into a management sale transaction with David N. Peters, the Corporations Chief Executive, and Candice S. Peters, the Corporations financial controller and bookkeeper (together, the Buyer), pursuant to which the Corporation was converted into a California stock corporation owned and operated by the Buyer effective as of July 31, 2025 (the Conversion), in exchange for consideration in the amount of $1,360,752 (the Purchase Price), an amount equal to the Corporations fair market value at the time of the Conversion established through an independent, third party valuation of the Corporation. The Purchase Price was (1) paid in full by the Buyer in cash on or about July 31, 2025, (2) received by the Orange County Community Foundation, a California nonprofit public benefit corporation and a tax-exempt organization described in section 501(c)(3) of the Internal Revenue Code (the Community Foundation, EIN: 33-0378778) pursuant to a Restricted Grant Agreement dated effective as of July 31, 2025 by and between the Corporation and the Community Foundation, and (3) dedicated to charitable tax-exempt purposes, specifically to support local childrens healthcare programs. Pursuant to section 5813.5(b) of the California Corporations Code. which permits such change in status, the Conversion was approved in advance by the California Attorney General as evidenced by its letter dated June 25, 2025. The Conversion, and the Attorney Generals prior approval, are evidenced in the Certificate of Amended and Restated Articles of Incorporation attached to this return. As a result of the Conversion, the Corporations tax-exempt status terminated effective as of July 31, 2025. Effective as of August 1, 2025, the Corporation began operating as a for-profit California stock corporation that has elected to be taxed as an S corporation under Subchapter S of the Internal Revenue Code, using the same EIN, with a tax year ending December 31. Please refer to Sch N Part III 2025-07-31 1360752 Appraisal Individual - Sch N Part III 5742 McFadden Ave Huntington Beach CA 92649 Individual false true true true Part I & 2, Line 2e - Name and Explanation for Involvement in Successor Please refer to Sch N Part III Sch N, Part III, Additional Information SCATS Gymnastics (the Corporation) entered into a management sale transaction with David N. Peters, the Corporations Chief Executive, and Candice S. Peters, the Corporations financial controller and bookkeeper (together, the Buyer), pursuant to which the Corporation was converted into a California stock corporation owned and operated by the Buyer effective as of July 31, 2025 (the Conversion), in exchange for consideration in the amount of $1,360,752 (the Purchase Price), an amount equal to the Corporations fair market value at the time of the Conversion established through an independent, third party valuation of the Corporation. The Purchase Price was (1) paid in full by the Buyer in cash on or about July 31, 2025, (2) received by the Orange County Community Foundation, a California nonprofit public benefit corporation and a tax-exempt organization described in section 501(c)(3) of the Internal Revenue Code (the Community Foundation, EIN: 33-0378778) pursuant to a Restricted Grant Agreement dated effective as of July 31, 2025 by and between the Corporation and the Community Foundation, and (3) dedicated to charitable tax-exempt purposes, specifically to support local childrens healthcare programs. Pursuant to section 5813.5(b) of the California Corporations Code. which permits such change in status, the Conversion was approved in advance by the California Attorney General as evidenced by its letter dated June 25, 2025. The Conversion, and the Attorney Generals prior approval, are evidenced in the Certificate of Amended and Restated Articles of Incorporation attached to this return. As a result of the Conversion, the Corporations tax-exempt status terminated effective as of July 31, 2025. Effective as of August 1, 2025, the Corporation began operating as a for-profit California stock corporation that has elected to be taxed as an S corporation under Subchapter S of the Internal Revenue Code, using the same EIN, with a tax year ending December 31. Form 990, Part III, Line 3 SCATS Gymnastics (the Corporation) entered into a management sale transaction with David N. Peters, the Corporations Chief Executive, and Candice S. Peters, the Corporations financial controller and bookkeeper (together, the Buyer), pursuant to which the Corporation was converted into a California stock corporation owned and operated by the Buyer effective as of July 31, 2025 (the Conversion), in exchange for consideration in the amount of $1,360,752 (the Purchase Price), an amount equal to the Corporations fair market value at the time of the Conversion established through an independent, third party valuation of the Corporation. The Purchase Price was (1) paid in full by the Buyer in cash on or about July 31, 2025, (2) received by the Orange County Community Foundation, a California nonprofit public benefit corporation and a tax-exempt organization described in section 501(c)(3) of the Internal Revenue Code (the Community Foundation, EIN: 33-0378778) pursuant to a Restricted Grant Agreement dated effective as of July 31, 2025 by and between the Corporation and the Community Foundation, and (3) dedicated to charitable tax-exempt purposes, specifically to support local childrens healthcare programs. Pursuant to section 5813.5(b) of the California Corporations Code. which permits such change in status, the Conversion was approved in advance by the California Attorney General as evidenced by its letter dated June 25, 2025. The Conversion, and the Attorney Generals prior approval, are evidenced in the Certificate of Amended and Restated Articles of Incorporation attached to this return. As a result of the Conversion, the Corporations tax-exempt status terminated effective as of July 31, 2025. Effective as of August 1, 2025, the Corporation began operating as a for-profit California stock corporation that has elected to be taxed as an S corporation under Subchapter S of the Internal Revenue Code, using the same EIN, with a tax year ending December 31. Form 990, Part VI, Section A, Line 2 Phyllis J Peters, Candise S Peters and David N Peters have a family relationship. Form 990, Part VI, Section A, Line 4 The Corporation filed Amended and Restated Articles of Incorporation with the California Secretary of State pursuant to which the Corporation was converted from a California nonprofit public benefit corporation into a California stock corporation effective as of July 31, 2025. The Corporations Bylaws were concurrently amended and restated to reflect the Corporations status as a stock corporation. Please see the response to Part III, Line 3 in this Schedule O for additional information regarding the Conversion. Form 990, Part VI, Section A, Line 8b The Board of Directors did not delegate to any committee the authority to act on behalf of the Board of Directors. Form 990, Part VI, Section B, Line 11b A complete copy of the return is provided to the directors and officers for their review. The board of directors approves the return and authorizes the Chair or Chief Executive to sign the return before it is filed. Form 990, Part VI, Section B, Line 12c A copy of the corporations written conflict of interest policy has been provided to the corporations directors and officers. After the disclosure of all material facts concerning a potential conflict, the board of directors, or a committee with board of directors delegated powers, without the presence or vote of the director/officer with the potential conflict, may decide if a conflict of interest exists in accordance with the policy. Form 990, Part VI, Section C, Line 19 Covered documents and policies are kept onsite and made available upon request. Form 990, Part VIII, Line 7d - Net gain or (loss) Please see the response to Part III, Line 3 in this Schedule O for information regarding the Conversion. The net gain reported in Part VIII, Line 7d represents gain from a one-time disposition of property other than inventory in connection with the Conversion. This gain does not constitute unrelated business taxable income because the one-time only deemed sale was not a trade or business regularly carried on within the meaning of IRC section 512(a)(1) and 513(a) and, in any case, such gain would be excluded from tax as gains or losses from the sale, exchange, or other disposition of property other than inventory pursuant to IRC section 512(b)(5). Accordingly, the gain is reported in Column (D) as revenue excluded from tax under IRC sections 512-514. Statement Note 1 FINAL FORM 990 AS OF 7/31/2025, STARTING FORM 1120-S AS OF 8/1/2025Taxpayer is continuing operations with the same management team and employees but is changing from a non-profit organization with the filing of this Form 990 as of 7/31/2025 and changing to a for-profit organization as an SCorp beginning 8/1/2025 with a 12/31 year-end.Taxpayer is continuing with the same name Southern California Acro Team, Inc DBA SCATS Gymnastics and with the same FEIN 95-2320002.