Us Lacrosse Foundation Inc
- Assets
- $20.0m
- Revenue
- $332.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Sparks, MD
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 52-0790605
Organization Overview
Us Lacrosse Foundation Inc is located in Sparks, MD. The organization was established in 2000. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Us Lacrosse 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 12/2021, Us Lacrosse Foundation Inc generated $332.5k 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 (30.3%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. 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
TO ENCOURAGE, PROMOTE AND FOSTER THE GAME OF LACROSSE AS PLAYED BY BOTH MEN AND WOMEN IN THE U.S.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE US LACROSSE FOUNDATION OPERATES IN SUPPORT OF USA LACROSSE, THE NATIONAL GOVERNING BODY OF MEN'S AND WOMEN'S LACROSSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Ferrucci Vice Chairman | OfficerTrustee | 2 | $0 |
Sol Kumin Chairman | OfficerTrustee | 2 | $0 |
Chris H Bartlett Secretary | OfficerTrustee | 2 | $0 |
Anna Traggio Director | Trustee | 2 | $0 |
Brian Carcaterra Director | Trustee | 2 | $0 |
Jed Hart Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quatrefoil Associates Inc Lacrosse Museum Design And Construction | 12/30/16 | $410,446 |
Gilbane Building Company National Lacrosse Center Building Sub-co | 12/30/16 | $8,400,672 |
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 | $6,766 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,766 |
| Total Program Service Revenue | $0 |
| Investment income | $94,301 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $231,469 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $332,536 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $685,292 |
| 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 | $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 | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,344 |
| Fees for services: Other | $24,829 |
| Advertising and promotion | $0 |
| Office expenses | $610 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $214,620 |
| Travel | $2,700 |
| 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 | $499,116 |
| Insurance | $0 |
| All other expenses | $3,353 |
| Total functional expenses | $1,451,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,810 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $64,397 |
| 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 | $49,300 |
| Net Land, buildings, and equipment | $15,390,674 |
| Investments—publicly traded securities | $4,416,383 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,004,564 |
| 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 | $2,108,322 |
| Total liabilities | $2,108,322 |
| Net assets without donor restrictions | $14,781,246 |
| Net assets with donor restrictions | $3,114,996 |
| 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 | $20,004,564 |
Grants Awarded
Over the last fiscal year, Us Lacrosse Foundation Inc has awarded $376,401 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Sparks, MD PURPOSE: TO SUPPORT US LACROSSE ACTIVITY. | $348,004 |
Baltimore, MD PURPOSE: TO SUPPORT THE BALTIMORE CITY MIDDLE SCHOOL LACROSSE LEAGUE PROGRAM. | $28,397 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Us Lacrosse Foundation Inc has recieved totaling $105,700.
| Awarding Organization | Amount |
|---|---|
Ensign C Markland Kelly Jr Memorial Foundation Inc Baltimore, MD PURPOSE: PROGRAM SUPPORT | $40,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $29,250 |
Bov Foundation Inc Hopewell, NJ PURPOSE: GENERAL UNRESTRICTED | $19,000 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: SPECIAL PROJECT | $10,000 |
Caulkins Family Foundation Denver, CO PURPOSE: SUPPORT EXEMPT PURPOSE | $3,750 |
Staley Family Foundation Avon, CO PURPOSE: GENERAL SUPPORT | $3,500 |
Endowment Analysis
| Beg. Balance | $2,942,444 |
| Earnings | $211,927 |
| Other Expense | $468,262 |
| Ending Balance | $2,686,109 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farmington Country Club Inc Charlottesville, VA | $52,436,644 | $25,257,129 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Columbia Country Club Chevy Chase, MD | $51,891,404 | $22,067,092 |
Washington Golf And Country Club Inc Arlington, VA | $48,455,931 | $21,067,505 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |
Rolling Rock Club Ligonier, PA | $40,965,761 | $18,300,601 |
Delta Sigma Theta Sorority Inc Washington, DC | $54,155,945 | $17,762,087 |
Wilmington Country Club Wilmington, DE | $36,588,269 | $16,899,345 |
River Bend Golf & Country Club Inc Great Falls, VA | $31,856,555 | $12,190,244 |
Philadelphia Country Club Gladwyne, PA | $32,330,060 | $13,976,423 |
Merion Golf Club Ardmore, PA | $47,289,704 | $14,329,733 |
Merion Cricket Club Haverford, PA | $51,258,941 | $16,918,678 |