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 12/2021, 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 represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $745.9k during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE ATHLETIC & RECREATION ACTIVITIES
Describe the Organization's Program Activity:
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Deon Boswell Treasurer El | OfficerTrustee | 0 | $0 |
Steve Brooks Treasurer | OfficerTrustee | 10 | $0 |
Laura Budd President | OfficerTrustee | 10 | $0 |
Kathi Morris Secretary | OfficerTrustee | 1 | $0 |
Anthony Andujar Past Preside | Trustee | 1 | $0 |
Matthew Bohlen Director | Trustee | 1 | $0 |
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 |
Over the last fiscal year, we have identified 1 grants that Matthews Athletic Recreation Associ has recieved totaling $500.
Awarding Organization | Amount |
---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
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