Louisville Fencing Center Inc
- Assets
- $53.9k
- Revenue
- $148.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 08/1993
- Data as of
- 07/2024
- EIN
- 61-1230449
Organization Overview
Louisville Fencing Center Inc is located in Louisville, KY. The organization was established in 1993. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, 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. Louisville Fencing Center 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 07/2024, Louisville Fencing Center Inc generated $148.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $175.7k during the year ending 07/2024. While expenses have increased by 13.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
FENCING INSTRUCTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOUISVILLE FENCING CENTER, INC. IS DEDICATED TO THE TEACHING,COACHING, AND DEVELOPMENT OF ATHLETES IN THE OLYMPIC SPORT OF FENCING AND PROMOTION OF GENERAL PUBLICS AWARENESS OF A SUPPORT FOR THIS SPORT. IN ORDER TO ACCOMPLISH THIS PURPOSE LFC MAINTAINS A MODERN TRAINING FACILITY EMPLOYING A FENCING COACH AVAILABLE TO GIVE INDIVIDUAL AND GROUP LESSONS, AND TRAVELS WITH LFC FENCERS COMPETING IN NATIONAL COMPETITIONS. MEMBERSHIP IN LFC VARIED DURING THE YEAR, BUT APPROXIMATELY 40 TO 50 INDIVIDUALS OF ALL AGES PARTICIPATED IN PROGRAMS DURING THE YEAR. TO MEET PROGRAM EXPENSES, LFC CHARGES MEMBERS DUES, IN EXCHANGE LFCS MEMBERS HAVE ACCESS TO AND THE USE OF THE LFCS TRAINING FACILITY. ALSO, LFC MAKES INCIDENTAL SALES OF VARIOUS ITEMS OF PERSONAL PROPERTY (SUCH AS T-SHIRTS) WHICH BARE LOGOS TO PROMOTE LFC AND/OR THE SPORT OF FENCING, AS WELL AS FOSTER A TEAM SPIRIT AMONG LFCS MEMBERS. IN ADDITION,LFC HAS A WHEEL CHAIR FENCING PROGRAM SUPPORTED IN PART BY ITS REVENUES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslaw Stawicki Head Coach | 40 | $14,772 | |
Boylan John Treasurer | Officer | 8 | $0 |
Dwain Kent President | Officer | 8 | $0 |
Tom Monarch Secretary Vice President | Officer | 12 | $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 | $148,259 |
| Investment income | $0 |
| 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 | $148,259 |
| 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 | $44,163 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $138 |
| Office expenses | $1,972 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,967 |
| 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 | $0 |
| Insurance | $3,048 |
| All other expenses | $20,182 |
| Total functional expenses | $175,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $53,868 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $53,868 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $9,112 |
| Paid-in or capital surplus, or land, building, or equipment fund | $17,221 |
| Retained earnings, endowment, accumulated income, or other funds | $27,535 |
| Total liabilities and net assets/fund balances | $53,868 |