Sports Fans Coalition Ny Inc
- Assets
- $633.5k
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Ronkonkoma, NY
- Founding
- 12/2018
- Data as of
- 12/2021
- EIN
- 82-3111352
Organization Overview
Sports Fans Coalition Ny Inc is located in Ronkonkoma, NY. The organization was established in 2018. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sports Fans Coalition NY 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 12/2021, Sports Fans Coalition NY Inc generated $8.5m in total revenue. All expenses for the organization totaled $9.0m during the year ending 12/2021. While expenses have increased by 67.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAUNCHED SERVICE IN JANUARY 2018 IN THE NEW YORK CITY MARKET; ADDED BOSTON, CHICAGO, DALLAS, HOUSTON, PHILADELPHIA, AND DENVER MARKETS THROUGH THE END OF 2018. LAUNCHED THE LOCAST APP ON MULTIPLE PLATFORMS, INCLUDING ANDROID, APPLE IOS, ROKU, AND HOPPER. IN 2019, THE FOLLOWING MARKETS WERE ADDED: ATLANTA, BALTIMORE, LOS ANGELES, PHOENIX, RAPID CITY, SAN FRANCISCO, SEATTLE, SIOUX CITY, SIOUX FALLS, AND WASHINGTON DC. IN 2020, THE FOLLOWING MARKETS WERE ADDED: DETRIOT, INDIANAPOLIS, MIAMI/FT. LAUDERDALE, MINNEAPOLIS, PHILADELPHIA/COLLEGEVILLE, TAMPA, AND WEST PALM. IN 2021 THE FOLLOWING MARKETS WERE ADDED: CHARLOTTE, COLUMBUS, CLEVELAND, MADISON, MILWAUKEE, ORLANDO, PITTSBURGH, PORTLAND, RALEIGH, SACRAMENTO, TRI-CITIES. IN RESPONSE TO SUMMARY JUDGMENT RULINGS BY THE FEDERAL DISTRICT COURT IN THE (CONTINUED ON SCHEDULE O) SOUTHERN DISTRICT OF NEW YORK FINDING, AMONG OTHER THINGS, THAT THE STATUTORY COPYRIGHT EXEMPTION UNDER 17 U.S.C. 111(A)(5) DID NOT APPLY TO THE LOCAST SERVICE PROVIDED BY SPORTS FANS COALITION NY, INC., ALL OPERATIONS WERE SUSPENDED, AND A SETTLEMENT AGREEMENT WAS REACHED WITH THE PLAINTIFFS UNDER WHICH ALL CASH AND ASSETS WOULD BE DISBURSED TO VENDORS AND PLAINTIFFS.
LAUNCHED SERVICE IN JANUARY 2018 IN THE NEW YORK CITY MARKET; ADDED BOSTON, CHICAGO, DALLAS, HOUSTON, PHILADELPHIA, AND DENVER MARKETS THROUGH THE END OF 2018. LAUNCHED THE LOCAST APP ON MULTIPLE PLATFORMS, INCLUDING ANDROID, APPLE IOS, ROKU, AND HOPPER. IN 2019, THE FOLLOWING MARKETS WERE ADDED: ATLANTA, BALTIMORE, LOS ANGELES, PHOENIX, RAPID CITY, SAN FRANCISCO, SEATTLE, SIOUX CITY, SIOUX FALLS, AND WASHINGTON DC. IN 2020, THE FOLLOWING MARKETS WERE ADDED: DETRIOT, INDIANAPOLIS, MIAMI/FT. LAUDERDALE, MINNEAPOLIS, PHILADELPHIA/COLLEGEVILLE, TAMPA, AND WEST PALM. IN 2021 THE FOLLOWING MARKETS WERE ADDED: CHARLOTTE, COLUMBUS, CLEVELAND, MADISON, MILWAUKEE, ORLANDO, PITTSBURGH, PORTLAND, RALEIGH, SACRAMENTO, TRI-CITIES. IN RESPONSE TO SUMMARY JUDGMENT RULINGS BY THE FEDERAL DISTRICT COURT IN THE (CONTINUED ON SCHEDULE O) SOUTHERN DISTRICT OF NEW YORK FINDING, AMONG OTHER THINGS, THAT THE STATUTORY COPYRIGHT EXEMPTION UNDER 17 U.S.C. 111(A)(5) DID NOT APPLY TO THE LOCAST SERVICE PROVIDED BY SPORTS FANS COALITION NY, INC., ALL OPERATIONS WERE SUSPENDED, AND A SETTLEMENT AGREEMENT WAS REACHED WITH THE PLAINTIFFS UNDER WHICH ALL CASH AND ASSETS WOULD BE DISBURSED TO VENDORS AND PLAINTIFFS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Habiba Alcindor Secretary & Treasurer | OfficerTrustee | 0.03 | $0 |
David Goodfriend Chairman & President | OfficerTrustee | 10 | $0 |
Gigi Sohn Board Member | Trustee | 0.03 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Orrick Herrington & Sutcliffe Llp Legal | 12/30/21 | $1,985,675 |
Amazon Web Services Inc Cloud Computing, Transcoding Fees | 12/30/21 | $324,589 |
Steptoe & Johnson Llp Legal | 12/30/21 | $300,000 |
Jaybird Group Dev., Project Management, Noc | 12/30/21 | $2,386,190 |
Ecreek Solutions Group Customer Service | 12/30/21 | $298,352 |
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 | $8,041,913 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,041,913 |
| Total Program Service Revenue | $0 |
| 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 | $8,459,536 |
| 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 | $3,105,419 |
| Fees for services: Accounting | $64,357 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,779,365 |
| Advertising and promotion | $29,896 |
| Office expenses | $373 |
| Information technology | $511,433 |
| 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 | $146,956 |
| Insurance | $2,668 |
| All other expenses | $488,472 |
| Total functional expenses | $8,979,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $609,363 |
| 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 | $13,115 |
| Net Land, buildings, and equipment | $10,982 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $633,460 |
| Accounts payable and accrued expenses | $358,813 |
| 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 | $358,813 |
| Net assets without donor restrictions | $274,647 |
| 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 | $633,460 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sports Fans Coalition Ny Inc has recieved totaling $60.
| Awarding Organization | Amount |
|---|---|
Lotsch-Zelman Foundation Inc Bryn Mawr, PA PURPOSE: CHARITABLE | $60 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Insitech Inc Warren, NJ | $450,270 | $14,466,949 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |
Greater Boston Convention And Tourist Bureau Inc Boston, MA | $3,175,283 | $8,778,402 |
Choose New Jersey Inc Newark, NJ | $7,145,867 | $9,053,939 |
Dauphin County Economic Development Corporation Harrisburg, PA | $8,424,591 | $10,449,757 |
Ben Franklin Technology Partners Of Northeastern Pennsylvania Inc Bethlehem, PA | $58,069,128 | $6,233,285 |
Greater Pittsburgh Convention & Visitors Bureau Inc Pittsburgh, PA | $10,210,665 | $8,196,256 |