Ultrafit Usa
- Assets
- $88.6k
- Revenue
- $349.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Hilliard, OH
- Founding
- 02/1986
- Data as of
- 12/2021
- EIN
- 31-1150781
Organization Overview
Ultrafit Usa is located in Hilliard, OH. The organization was established in 1986. As of 12/2021, Ultrafit USA employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ultrafit USA 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, Ultrafit USA generated $349.7k 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 (9.5%) each year. All expenses for the organization totaled $339.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.1%) 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
AMATEUR SPORTING EVENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZE, PROMOTE AND MANAGE AMATEUR SPORTING EVENTS
ORGANIZE, PROMOTE AND MANAGE AMATEUR SPORTING EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James J Sheard President | Officer | 40 | $18,000 |
Abigail Sheard V.P. | Officer | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $349,712 |
| Investment income | $0 |
| 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 | $349,712 |
| 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 | $39,538 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,487 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $740 |
| Fees for services: Accounting | $1,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,200 |
| Office expenses | $200 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $800 |
| Travel | $8,699 |
| 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 | $560 |
| Insurance | $1,876 |
| All other expenses | $36,370 |
| Total functional expenses | $339,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,554 |
| 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 | $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 | $88,554 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $428 |
| Total liabilities | $428 |
| Net assets without donor restrictions | $88,126 |
| 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 | $88,554 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ultrafit Usa has recieved totaling $20.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $20 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Parkette National Gymnastic Team Inc Allentown, PA | $2,066,522 | $2,115,646 |
Indiana State Wrestling Assoc Indianapolis, IN | $264,541 | $899,289 |
International Bowhunting Organization Of The Usa Inc Fairview Park, OH | $125,786 | $706,287 |
Ultrafit Usa Hilliard, OH | $88,554 | $349,712 |
Penn Athletic Club Rowing Association Philadelphia, PA | $436,321 | $176,117 |
Sokol Greater Cleveland Gymnastic & Educational Organization Cleveland, OH | $2,473,335 | $255,287 |
Cincinnati Golden Gloves For Youth Tt Cincinnati, OH | $378,888 | $134,997 |
Blue Mountain Quarter Midget Assoc Inc Cherryville, PA | $44,949 | $0 |
South Erie Turnverein Erie, PA | $581,084 | $141,900 |
Indiana Golden Gloves Inc Indianapolis, IN | $130,914 | $0 |
Gymnastics Unlimited Inc Hilliard, OH | $85,799 | $102,127 |
Midland Gymnastics Club Inc Midland, MI | $55,464 | $0 |