Greensboro Sports Foundation
- Assets
- $1.1m
- Revenue
- $660.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Greensboro, NC
- Founding
- 10/2017
- Data as of
- 06/2022
- 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 06/2022, Greensboro Sports Foundation employed 4 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 06/2022, Greensboro Sports Foundation generated $660.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $605.3k during the year ending 06/2022. While expenses have increased by 1.8% per year over the past 4 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
2022
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 |
|---|---|---|---|
Richard Beard President | 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 | $57,500 |
| Government grants | $155,316 |
| All other contributions, gifts, grants, and similar amounts not included above | $112,005 |
| Noncash contributions included in lines 1a–1f | $4,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $324,821 |
| Total Program Service Revenue | $332,680 |
| Investment income | $943 |
| 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 | $660,944 |
| 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 | $108,943 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $43,059 |
| 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 | $19,339 |
| Advertising and promotion | $0 |
| Office expenses | $7,149 |
| Information technology | $1,953 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,333 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,346 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,303 |
| All other expenses | $77,154 |
| Total functional expenses | $605,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,080,483 |
| 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 | $7,951 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,088,434 |
| Accounts payable and accrued expenses | $2,023 |
| 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 | $2,023 |
| Net assets without donor restrictions | $1,039,020 |
| 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 | $1,088,434 |
Grants Awarded
Over the last fiscal year, Greensboro Sports Foundation has awarded $58,372 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA OF THE USA PURPOSE: EVENT SPONSORSHIP | $50,000 |
NC HIGH SCHOOL ATHLETIC ASSOCIATION PURPOSE: EVENT SPONSORSHIP | $8,372 |