United States Sports Academy Inc
- Assets
- $22.1m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 45
- Location
- Daphne, AL
- Founding
- 09/1979
- Data as of
- 08/2022
- EIN
- 63-0771624
Organization Overview
United States Sports Academy Inc is located in Daphne, AL. The organization was established in 1979. 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. As of 08/2022, United States Sports Academy Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Sports Academy 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 08/2022, United States Sports Academy Inc generated $4.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $4.7m during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. 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
CREATED TO SERVE THE NATION AND THE WORLD WITH PROGRAMS IN INSTRUCTION RESEARCH AND SERVICE THROUGH DEGREES IN SPORTS RELATED FIELDS
Describe the Organization's Program Activity:
ACADEMIC INSTRUCTION - PRIVATE EDUCATIONAL CONTRACTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Rosandich President & CEO | Officer | 40 | $300,014 |
Tomi Wahlstrom Employee | 40 | $118,933 | |
Frederick Cromartie Employee | 40 | $110,964 | |
Phil Cusa Treasurer | OfficerTrustee | 0 | $0 |
Robert C Campbell III Chairman | OfficerTrustee | 0 | $0 |
Marino Niccolai Secretary | OfficerTrustee | 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 | $51,071 |
| Noncash contributions included in lines 1a–1f | $42,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,071 |
| Total Program Service Revenue | $2,135,883 |
| Investment income | $395,381 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,638 |
| 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 | $14,450 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,746,949 |
| 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 | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $116,188 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,676,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,744 |
| Savings and temporary cash investments | $15,346,880 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,484 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $107,154 |
| Prepaid expenses and deferred charges | $173,904 |
| Net Land, buildings, and equipment | $5,904,437 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $344,673 |
| Total assets | $22,110,276 |
| Accounts payable and accrued expenses | $375,019 |
| 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 | $375,019 |
| Net assets without donor restrictions | $21,735,257 |
| 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 | $22,110,276 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that United States Sports Academy Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Robert S Block Family Foundation Inc Reno, NV PURPOSE: GENERAL FUND TO SUPPORT YOUTH SPORT ART PROGRAMS AND COMPETITIONS | $500 |
Endowment Analysis
| Beg. Balance | $1,000,000 |
| Ending Balance | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio Valley Conference Brentwood, TN | $13,074,927 | $12,736,519 |
Tangerine Sports Association Inc Orlando, FL | $1,917,378 | $8,656,869 |
United States Sports Academy Inc Daphne, AL | $22,110,276 | $4,746,949 |
575 Sports & Wellness Inc Canton, GA | $1,007,139 | $1,841,153 |
Central Florida Official Association Inc Winter Garden, FL | $130,665 | $1,202,984 |
Peach Belt Athetic Conference Inc Martinez, GA | $774,998 | $880,002 |
Mobile Sports Authority Inc Mobile, AL | $530,471 | $696,034 |
Dragonfly Capacity Development Memphis, TN | $61,424 | $488,463 |
Oak Ridge Rowing Assocation Inc Oak Ridge, TN | $218,181 | $558,484 |
Usa South Athletic Conference Inc Rome, GA | $292,046 | $569,479 |
Cougar Athletic Club Inc Franklin, TN | $210,173 | $503,441 |
Presbyterian Villas Of Port Charlotte Inc Port Charlotte, FL | $757,898 | $440,980 |