High Point Downtown Stadium Foundation
- Assets
- $803.0k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 14
- Location
- High Point, NC
- Founding
- Data as of
- 12/2021
- EIN
- 82-4227658
Organization Overview
High Point Downtown Stadium Foundation is located in High Point, NC. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, High Point Downtown Stadium Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High Point Downtown Stadium 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 12/2021, High Point Downtown Stadium Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 32.7% each year .
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO LESSEN THE BURDENS OF THE GOVERNMENT OF HIGH POINT, NORTH CAROLINA, THROUGH THE OPERATION OF, FOR THE PUBLIC BENEFIT, THE PUBLIC-OWNED SPORTS, ENTERTAINMENT AND COMMUNITY EVENTS FACILITY IN DOWNTOWN HIGH POINT, NORTH CAROLINA.
Describe the Organization's Program Activity:
TO MAINTAIN AND OPERATE THE DOWNTOWN BASEBALL STADIUM FOR THE CITY OF HIGH POINT, NORTH CAROLINA FOR THE BENEFIT OF THE PUBLIC AND COMMUNITY EVENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Fisch President | OfficerTrustee | 40 | $111,428 |
Coy Williard Chairman | OfficerTrustee | 5 | $0 |
Greg York Director | Trustee | 5 | $0 |
Scott Tilley Director | Trustee | 5 | $0 |
Maurice Hull Director | Trustee | 5 | $0 |
Otis Foster Director | Trustee | 5 | $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 | $1,005,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,005,000 |
| Total Program Service Revenue | $581,893 |
| 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 | $1,606,318 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,647 |
| 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 | $111,428 |
| Other salaries and wages | $372,700 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,865 |
| Payroll taxes | $59,175 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,908 |
| Fees for services: Accounting | $3,059 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,902 |
| Advertising and promotion | $353 |
| Office expenses | $4,519 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,749 |
| Travel | $337 |
| 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 | $64,894 |
| Insurance | $104,092 |
| All other expenses | $12,319 |
| Total functional expenses | $1,858,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,466 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,501 |
| 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 | $596,988 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $802,955 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $27,448 |
| 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 | $534,367 |
| Total liabilities | $561,815 |
| Net assets without donor restrictions | $0 |
| 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 | $241,140 |
| Total liabilities and net assets/fund balances | $802,955 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that High Point Downtown Stadium Foundation has recieved totaling $9,880.
| Awarding Organization | Amount |
|---|---|
High Point Convention & Visitors Bureau Foundation Inc High Point, NC PURPOSE: TRUIST FIELD EQUIP | $9,880 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of Greenville Inc Greenville, SC | $110,749,055 | $32,278,412 |
Spartanburg County Foundation Spartanburg, SC | $213,613,348 | $29,550,562 |
North Georgia Community Foundation Gainesville, GA | $121,312,465 | $29,287,202 |
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA | $68,152,988 | $23,085,179 |
Central Carolina Community Foundation Columbia, SC | $200,312,368 | $26,646,536 |
Community Foundation Of The Chattahoochee Valley Inc Columbus, GA | $203,858,921 | $35,593,899 |
High Point Community Foundation High Point, NC | $114,170,503 | $14,778,667 |
Community Foundation Of Central Georgia Inc Macon, GA | $156,226,670 | $20,534,365 |
Community Foundation For Northeast Georgia Inc Duluth, GA | $80,665,782 | $22,483,820 |
Community Foundation Of The Lowcountry Inc Hilton Head Island, SC | $73,666,667 | $27,497,262 |
The Community Foundation For Northern Virginia Inc Oakton, VA | $80,161,408 | $23,451,822 |
National Christian Charitable Foundation Inc Fort Mill, SC | $16,300,322 | $10,862,004 |