Charlotte Touchdown Club
- Assets
- $2.6m
- Revenue
- $817.8k
- Investments
- $1.6m
- Employees
- 2
- Location
- Charlotte, NC
- Founding
- 06/1994
- Data as of
- 03/2022
- EIN
- 56-1854461
Organization Overview
Charlotte Touchdown Club is located in Charlotte, NC. The organization was established in 1994. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 03/2022, Charlotte Touchdown Club employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlotte Touchdown Club 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 03/2022, Charlotte Touchdown Club generated $817.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $748.9k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE CITIZENSHIP AND SPORTSMANSHIP IN THE CHARLOTTE, NORTH CAROLINA AREA
Describe the Organization's Program Activity:
TO PROMOTE ATHLETICS THROUGHOUT THE REGION BY PROVIDING SCHOLARSHIPS AND GRANTS TO COLLEGE AND HIGH SCHOOL ATHLETIC PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Rocco Executive Director | Officer | 40 | $240,365 |
Steve Lowe President | OfficerTrustee | 0 | $0 |
Bill Harney Vice President | OfficerTrustee | 0 | $0 |
Ronald George Vance Treasurer | OfficerTrustee | 0 | $0 |
Josh Schlechty Secretary | OfficerTrustee | 0 | $0 |
Andy Culicerto Board Member | Trustee | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $736,981 |
| Investment income | $137 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $80,665 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $817,783 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $57,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $219,998 |
| Compensation of current officers, directors, key employees. | $22,425 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,914 |
| Pension plan accruals and contributions | $481 |
| Other employee benefits | $59,468 |
| Payroll taxes | $16,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,358 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,763 |
| Advertising and promotion | $0 |
| Office expenses | $5,820 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,345 |
| Travel | $2,930 |
| 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 | $11,835 |
| Insurance | $0 |
| All other expenses | $1,694 |
| Total functional expenses | $748,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,155 |
| Savings and temporary cash investments | $511,745 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,850 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $207,004 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $52,721 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,559,243 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $120,861 |
| Total assets | $2,566,579 |
| Accounts payable and accrued expenses | $5,354 |
| 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 | $35,962 |
| Total liabilities | $41,316 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $951,026 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,574,237 |
| Total liabilities and net assets/fund balances | $2,566,579 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Charlotte Touchdown Club has recieved totaling $62,100.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $20,000 |
Albemarle Foundation Charlotte, NC PURPOSE: PROGRAM ASSISTANCE | $13,750 |
Acn Global Reach Charities Inc Concord, NC PURPOSE: OPERATIONAL SUPPORT | $13,750 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RECREATION, SPORTS, OR LEISURE ACTIVITIES N.E.C. (N99) | $8,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $6,600 |
Endowment Analysis
| Beg. Balance | $1,550,116 |
| Earnings | $24,114 |
| Ending Balance | $1,574,230 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cypress Of Raleigh Club Inc Raleigh, NC | $8,631,439 | $17,789,795 |
Path Foundation Inc Atlanta, GA | $7,941,143 | $9,456,940 |
Southeastern Virginia Areawide Model Program Inc Norfolk, VA | $2,843,692 | $8,738,729 |
Metropolitan Richmond Sports Backers Inc Richmond, VA | $2,872,546 | $6,713,495 |
Big South Conference Inc Charlotte, NC | $10,241,548 | $8,654,912 |
Cleveland County Family Ymca Inc Shelby, NC | $16,549,563 | $5,509,175 |
Charlotte City Club Inc Charlotte, NC | $14,589,819 | $3,286,480 |
Marlins Of Raleigh Raleigh, NC | $1,167,559 | $2,085,324 |
A H R M A Elora, TN | $355,476 | $1,651,108 |
Vysa For Land Preservation Fredericksburg, VA | $6,332,662 | $617,000 |
Commanderie De Bordeaux Inc Brentwood, TN | $1,195,478 | $1,296,061 |
Atlanta Hawks Foundation Inc Atlanta, GA | $602,957 | $362,500 |