Louisville Tko Inc
- Assets
- $11.5k
- Revenue
- $88.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 11/2015
- Data as of
- 12/2022
- EIN
- 47-4104086
Organization Overview
Louisville Tko Inc is located in Louisville, KY. The organization was established in 2015. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisville Tko 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 12/2022, Louisville Tko Inc generated $88.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $133.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
INSTILL CORE VALUES IN OUR YOUTH THROUGH STRUCTURED BOXING PROGRAMS AND POSITIVE REINFORCEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISED FUNDS TO HELP YOUTHS THROUGH REGIMENTED BOXING FUNDAMENTALS AND DISCIPLINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Joseph Reeves Director | 0 | $0 | |
Julie R Adams Director | 0 | $0 | |
Hunter Wilson Director | 0 | $0 | |
Major Ryan Bates Director | 0 | $0 | |
Jeff Key Director | 0 | $0 | |
David Metts Chair Of Boa | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $66,095 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,863 |
| Total Revenue | $87,958 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $272 |
| Taxes | $1,571 |
| Depreciation | $48,271 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,040 |
| Printing and publications | $1,880 |
| Other expenses | $77,564 |
| Total operating and administrative expenses | $133,598 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $133,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,021 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,888 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,633 |
| Other assets | $0 |
| Total assets | $11,542 |
| Accounts payable and accrued expenses | $6,816 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,816 |