Greensboro Sports Council Inc
- Assets
- $655.6k
- Revenue
- $258.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 10/1991
- Data as of
- 12/2021
- EIN
- 56-1747828
Organization Overview
Greensboro Sports Council Inc is located in Greensboro, NC. The organization was established in 1991. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, 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. Greensboro Sports Council Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Greensboro Sports Council Inc generated $258.1k 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 (5.8%) each year. All expenses for the organization totaled $215.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Greensboro Sports Council Inc has awarded 65 individual grants totaling $842,975. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE DEVELOPMENT OF ATHLETIC PROGRAMS AND EVENTS AT THE GREENSBORO COLISEUM COMPLEX AND OTHER APPROPRIATE FACILITIES, FOR THE BENEFIT, RECREATION, AND ENTERTAINMENT OF THE RESIDENTS OF GREENSBORO, NORTH CAROLINA, AND ITS SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORING VARIOUS LOCAL SPORTING EVENTS AND ASSOCIATIONS IN THE SURROUNDING GREENSBORO AREA. GRANTS ARE GIVEN TO SUPPORT LOCAL HIGH SCHOOL ATHLETIC PROGRAMS. LOCAL SPORTS ASSOCIATIONS, AND THE GREENSBORO COLISEUM COMPLEX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frankie Jones Jr Chairman | OfficerTrustee | $0 | |
Charlie Hall Haeco Invit. | OfficerTrustee | $0 | |
Tyler Key Haeco Invit. | OfficerTrustee | $0 | |
Brett Weathersbee President | OfficerTrustee | $0 | |
Jeff Elliott President El | OfficerTrustee | $0 | |
David Egerton Membership C | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $128,174 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $129,805 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $257,979 |
| Total Program Service Revenue | $50 |
| Investment income | $35 |
| 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 | $258,064 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $52,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,107 |
| Advertising and promotion | $0 |
| Office expenses | $1,065 |
| Information technology | $626 |
| 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 | $3,285 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,758 |
| All other expenses | $12,904 |
| Total functional expenses | $215,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,454 |
| Savings and temporary cash investments | $345,117 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,983 |
| 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 | $655,554 |
| Accounts payable and accrued expenses | $2,876 |
| Grants payable | $0 |
| Deferred revenue | $102,650 |
| 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 | $61,487 |
| Total liabilities | $167,013 |
| Net assets without donor restrictions | $488,541 |
| 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 | $655,554 |
Grants Awarded
Over the last fiscal year, Greensboro Sports Council Inc has awarded $200,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
PAGE HIGH SCHOOL PURPOSE: ATHLETIC PROG. FUND | $13,400 |
PAGE HIGH SCHOOL PURPOSE: ATHLETIC PROG. FUND | $13,400 |
Greensboro, NC PURPOSE: ATHLETIC PROG. FUND | $13,150 |
Greensboro, NC PURPOSE: ATHLETIC PROG. FUND | $13,150 |
RAGSDALE HIGH SCHOOL PURPOSE: ATHLETIC PROG. FUND | $12,775 |
NORTHERN GUILFORD HIGH SCHOOL PURPOSE: ATHLETIC PROG. FUND | $12,775 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greensboro Sports Council Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Fennie Family Foundation Greensboro, NC PURPOSE: CHARITABLE CONTRIBUTION | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Club Management Association Of America Alexandria, VA | $9,061,595 | $8,552,388 |
Professional Disc Golf Association Appling, GA | $8,115,447 | $8,426,910 |
North Carolina High School Athletic Chapel Hill, NC | $37,882,945 | $5,726,168 |
Association Of Old Crows Alexandria, VA | $7,888,932 | $4,006,226 |
National Golf Course Owners Association Inc Charleston, SC | $4,591,671 | $2,827,919 |
American Association Of Independent Professional Baseball Ltd Winston Salem, NC | $708,199 | $1,166,697 |
South Carolina Tennis Association Inc Columbia, SC | $2,623,859 | $1,738,650 |
Intercollegiate Mens Lacrosse Coaches Association Durham, NC | $240,153 | $985,347 |
Tennessee Association Of Fairs Fayetteville, TN | $71,305 | $718,218 |
Gladiators Athletic Association Inc Johns Creek, GA | $456,616 | $693,124 |
Professional Baseball Athletic Trainers Society Atlanta, GA | $2,456,714 | $728,922 |
Chester Recreational Association Chester, VA | $284,692 | $333,979 |