Shoop Sports And Youth Foundation Inc
- Assets
- $5.5m
- Revenue
- $709.6k
- Investments
- $5.4m
- Employees
- 0
- Location
- North Webster, IN
- Founding
- 03/1971
- Data as of
- 03/2024
- EIN
- 35-1331032
Organization Overview
Shoop Sports And Youth Foundation Inc is located in North Webster, IN. The organization was established in 1971. 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. Shoop Sports And Youth Foundation 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 03/2024, Shoop Sports And Youth Foundation Inc generated $709.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $286.3k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDS AND SCHOLARSHIPS, AWARDS TO PUBLIC SCHOOLS AND SCHOLARSHIPS TO INDIVIDUALS, COLLEGES AND SCHOLARSHIP FUND.
WAWASEE COMMUNITY SUMMER LEAGUE - PROGRAM SUPPORT
WAWASEE HIGH SCHOOL BAND - PROGRAM SUPPORT
KOSCIUSKO COUNTY COMMUNITY FOUNDATION - COMMUNITY SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Whalen President | 0.25 | $0 | |
Sandi Kissane Vice Preside | 0.25 | $0 | |
Janet Fisher Secretary/tr | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $90 |
| Interest on Savings | $0 |
| Dividends & Interest | $122,522 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $146,029 |
| Capital Gain Net Income | $146,029 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $440,961 |
| Total Revenue | $709,602 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $991 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,536 |
| Total operating and administrative expenses | $40,682 |
| Contributions, gifts, grants paid | $245,664 |
| Total expenses and disbursements | $286,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,194 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $5,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,439,671 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,200 |
| Total assets | $5,459,065 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $24,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $530,274 |
| Total liabilities | $554,274 |