Greensboro Sports Foundation
- Assets
- $1.1m
- Revenue
- $279.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Greensboro, NC
- Founding
- 10/2017
- Data as of
- 06/2021
- EIN
- 82-2986873
Organization Overview
Greensboro Sports Foundation is located in Greensboro, NC. The organization was established in 2017. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Greensboro Sports Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greensboro Sports Foundation 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 06/2021, Greensboro Sports Foundation generated $279.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (22.0%) each year. All expenses for the organization totaled $453.3k during the year ending 06/2021. 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 PROMOTE AMATEUR ATHLETIC EVENTS IN GREENSBORO, NC
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION FOSTERS NATIONAL AMATEUR AND OTHER SPORTS COMPETITION IN THE GREENSB0R0-GUILFORD COUNTY AND PIEDMONT TRIAD, NORTH CAROLINA AREA AND FOR OTHER CHARITABLE PURPOSES, INCLUDING ATLANTIC COAST CONFERENCE GAMES AND EVENTS, REGULAR SEASON AND POST-SEASON COLLEGE GAMES AND EVENTS SANCTIONED BY THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION, AND SUCH OTHER COLLEGIATE AND OTHER SPORTING EVENTS AND AMATEUR AND OTHER SPORTS COMPETITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Goodman Executive Di | Officer | 40 | $76,875 |
Richard Beard Vice Chair | OfficerTrustee | $0 | |
Marc Bush Vice Chair | OfficerTrustee | $0 | |
Mark Prince Chairman | OfficerTrustee | $0 | |
James Smith Treasurer | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $9,500 |
| Government grants | $76,050 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,505 |
| Noncash contributions included in lines 1a–1f | $4,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,055 |
| Total Program Service Revenue | $79,630 |
| Investment income | $917 |
| 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 | $278,969 |
| 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. | $76,875 |
| Compensation of current officers, directors, key employees. | $3,075 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,909 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,551 |
| 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 | $7,435 |
| Advertising and promotion | $0 |
| Office expenses | $20,069 |
| Information technology | $1,661 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,750 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $830 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,884 |
| All other expenses | $27,393 |
| Total functional expenses | $453,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,019,411 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,500 |
| 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 | $5,120 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,077,031 |
| Accounts payable and accrued expenses | $16,092 |
| 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 | $16,092 |
| Net assets without donor restrictions | $1,013,548 |
| Net assets with donor restrictions | $47,391 |
| 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 | $1,077,031 |
Grants Awarded
Over the last fiscal year, Greensboro Sports Foundation has awarded $116,744 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA OF THE USA PURPOSE: EVENT SPONSORSHIP | $50,000 |
YMCA OF THE USA PURPOSE: EVENT SPONSORSHIP | $50,000 |
Chapel Hill, NC PURPOSE: EVENT SPONSORSHIP | $8,372 |
Chapel Hill, NC PURPOSE: EVENT SPONSORSHIP | $8,372 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Greensboro Sports Foundation has recieved totaling $92,805.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: GENERAL SUPPORT | $41,400 |
The Joseph M Bryan Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: ACC WOMEN'S BASKETBALL TOURNAMENT | $25,000 |
The Joseph M Bryan Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: ACC MEN'S BASKETBALL TOURNAMENT | $25,000 |
The Joseph M Bryan Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: JOHN SWOFFORD RETIREMENT DINNER | $1,400 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Conference Spartanburg, SC | $8,107,664 | $4,767,316 |
Adult Ice Hockey Federation Ltd Sterling, VA | $497,146 | $3,812,767 |
Richmond Volleyball Club Henrico, VA | $4,492,529 | $3,770,472 |
National Junior College Athletic Association Charlotte, NC | $4,854,958 | $4,218,539 |
South Atlantic Conference Rock Hill, SC | $873,899 | $2,375,914 |
Tidewater Volleyball Association Virginia Beach, VA | $336,915 | $1,476,950 |
Music City Bowl Inc Nashville, TN | $2,763,006 | $112,115 |
Greater Columbus Sports & Events Council Inc Columbus, GA | $3,992,863 | $1,719,246 |
North Carolina Amateur Sports Durham, NC | $909,899 | $1,521,463 |
Conference Carolinas Greenville, SC | $657,720 | $840,712 |
Blazesports America Inc Norcross, GA | $451,036 | $997,641 |
Masters Of Foxhounds Association Of America Middleburg, VA | $2,068,253 | $696,709 |