Matthews Athletic Recreation Associ
- Assets
- $771.2k
- Revenue
- $923.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Matthews, NC
- Founding
- 09/1969
- Data as of
- 12/2021
- EIN
- 23-7033586
Organization Overview
Matthews Athletic Recreation Associ is located in Matthews, NC. The organization was established in 1969. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Matthews Athletic Recreation Associ employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matthews Athletic Recreation Associ 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, Matthews Athletic Recreation Associ generated $923.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $745.9k during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 3 years. They've been increasing with an increasing level of total revenue. 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
PROMOTE ATHLETIC & RECREATION ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES ORGANIZED BASEBALL, SOFTBALL, FOOTBALL AND BASKETBALL PROGRAMS FOR APPROXIMATELY 3,000 CHILDREN. EACH SPORTS PROGRAM PROVIDES FIELDS, REFEREES, UNIFORMS, EQUIPMENT AND AWARDS FOR CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Alwran Director | Trustee | 1 | $0 |
Matthew Bohlen Director | Trustee | 1 | $0 |
Deon Boswell Treasurer | OfficerTrustee | 10 | $0 |
Dana Bouque Secretary | OfficerTrustee | 10 | $0 |
Laura Budd President | OfficerTrustee | 10 | $0 |
James Dean Director | Trustee | 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 | $25,646 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,646 |
| Total Program Service Revenue | $852,919 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,313 |
| 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 | $30,496 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $923,910 |
| 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 | $116,992 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,779 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,162 |
| Office expenses | $3,791 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $74,260 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,073 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,222 |
| Insurance | $25,562 |
| All other expenses | $61,251 |
| Total functional expenses | $745,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,098 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $4,892 |
| Net Land, buildings, and equipment | $516,091 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,084 |
| Total assets | $771,165 |
| Accounts payable and accrued expenses | $30,628 |
| Grants payable | $0 |
| Deferred revenue | $99,594 |
| 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 | $20,000 |
| Total liabilities | $150,222 |
| Net assets without donor restrictions | $620,943 |
| Net assets with donor restrictions | $0 |
| 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 | $771,165 |