Sma Inc
- Assets
- $181.0k
- Revenue
- $16.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Scranton, PA
- Founding
- 09/1999
- Data as of
- 12/2021
- EIN
- 23-2987675
Organization Overview
Sma Inc, operating under the name Steamtown Marathon, is located in Scranton, PA. The organization was established in 1999. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steamtown Marathon is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Steamtown Marathon generated $16.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (36.0%) each year. All expenses for the organization totaled $41.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (26.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO SUPPORT AMATEUR ATHLETICISM IN NORTHEASTERN PENNSYLVANIA. THE FOCAL POINT OF THE ORGANIZATION'S ACTIVITIES IS THE SPONSORSHIP OF A 26.2-MILE MARATHON. THE EVENT HAS BEEN DESIGNATED AS A CERTIFIED OLYMPIC QUALIFYING COURSE BY THE USATF AND SERVES AS A QUALIFIER FOR A NUMBER OF OTHER AMATEUR MARATHON EVENTS. THE EVENT IS OPEN TO ALL PARTICIPANTS, INCLUDING INDIVIDUALS THAT COMPETE IN THE WHEELCHAIR DIVISION OF THE RACE. THE LAYOUT OF THE COURSE IS DESIGNED TO HIGHLIGHT THE CULTURAL AND HISTORIC ASPECTS OF THE LACKAWANNA VALLEY OF NORTHEASTERN PENNSYLVANIA BY HIGHLIGHING SEVERAL AREAS OF HISTORIC AND CULTURAL SIGNIFICANCE IN THE TOWNS LOCATED ALONG THE RACE COURSE. THE ORGANIZATION STRIVES TO FOSTER AND PROMOTE A HEALTHY LIFESTYLE BY MEANS OF PHYSICAL EXERCISE. THE NET PROCEEDS WILL BE DONATED TO ST. JOSEPH'S CENTER WHICH IS A SCRANTON, PENNSYLVANIA NON-PROFIT ORGANIZATION THAT CARES FOR MEDICALLY FRAGILE CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUE TO COVID-19 HEALTH AND SAFETY CONCERNS, THE 2021 MARATHON WAS CANCELLED. DUE TO THE GENEROSITY OF SPONSORS AND RUNNERS, A DISTRIBUTION TO ST. JOSEPH'S CENTER WAS STILL POSSIBLE FROM CONTRIBUTIONS COLLECTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John H Marx Jr Treasurer & Director | OfficerTrustee | 1 | $0 |
William F King President & Director | OfficerTrustee | 1 | $0 |
James A Cummings Vice President & Director | OfficerTrustee | 1 | $0 |
John J Mcgovern Jr Secretary & Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,290 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,290 |
| Total Program Service Revenue | $0 |
| Investment income | $55 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,345 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $67 |
| Office expenses | $1,076 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,846 |
| All other expenses | $0 |
| Total functional expenses | $41,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,489 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $180,989 |
| Accounts payable and accrued expenses | $4,200 |
| Grants payable | $0 |
| Deferred revenue | $2,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,700 |
| Net assets without donor restrictions | $149,609 |
| Net assets with donor restrictions | $24,680 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $180,989 |
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