Bay Rockets Association Inc
- Assets
- $248.1k
- Revenue
- $278.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Bay Village, OH
- Founding
- 07/1993
- Data as of
- 06/2022
- EIN
- 34-1744779
Organization Overview
Bay Rockets Association Inc is located in Bay Village, OH. The organization was established in 1993. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, 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. Bay Rockets Association Inc 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 06/2022, Bay Rockets Association Inc generated $278.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $211.7k during the year ending 06/2022. While expenses have increased by 6.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF STUDENT ATHLETICS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SUPPORT OF STUDENT ATHLETIC TEAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corryn Firis Secretary | OfficerTrustee | 3 | $0 |
Noreen Nageotte Treasurer | OfficerTrustee | 3 | $0 |
Bob Reed Vice Preside | OfficerTrustee | 3 | $0 |
Jay Sharpnack President | OfficerTrustee | 3 | $0 |
Chip Aschenbrenner Board Member | Trustee | 1 | $0 |
Nick Bigrigg Board Member | 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 | $51,524 |
| Noncash contributions included in lines 1a–1f | $23,215 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,524 |
| Total Program Service Revenue | $122,095 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $49,457 |
| Net Income from Gaming Activities | $55,133 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $278,212 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| 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 | $5,134 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,454 |
| Advertising and promotion | $0 |
| Office expenses | $1,061 |
| Information technology | $966 |
| 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 | $475 |
| All other expenses | $0 |
| Total functional expenses | $211,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,627 |
| Savings and temporary cash investments | $32,481 |
| 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 | $248,108 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $248,108 |
| 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 | $248,108 |
Grants Awarded
Over the last fiscal year, Bay Rockets Association Inc has awarded $125,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BAY VILLAGE BOARD OF EDUCATION PURPOSE: FACILITY IMPROVEMENT | $75,000 |
Bay Village, OH PURPOSE: FACILITY IMPROVEMENT | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bay Rockets Association Inc has recieved totaling $439.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $439 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Track & Field Inc Indianapolis, IN | $46,078,915 | $33,676,790 |
Louisville Arena Authority Inc Louisville, KY | $379,313,505 | $18,535,078 |
Usa Gymnastics Indianapolis, IN | $10,341,762 | $23,572,427 |
Usa Football Indianapolis, IN | $24,226,774 | $15,821,078 |
Indiana Sports Corporation Indianapolis, IN | $18,372,130 | $8,869,621 |
United States Hunter Jumper Association Inc Lexington, KY | $20,251,014 | $9,522,034 |
Indy College Football Playoff Inc Indianapolis, IN | $2,356,063 | $6,670,000 |
The United States Pony Clubs Inc Lexington, KY | $8,497,562 | $2,773,212 |
Louisville Urban League Sports And Learning Complex Inc Louisville, KY | $77,056,765 | $1,676,545 |
American Platform Tennis Association Inc Pittsburgh, PA | $1,547,528 | $1,984,678 |
Livonia Civic Arenas Inc Livonia, MI | $814,665 | $1,368,082 |
National Muzzle Loading Rifle Association Friendship, IN | $3,274,556 | $1,611,305 |