Nc Triad Fusion Inc
- Assets
- $15.2m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 195
- Location
- Bermuda Run, NC
- Founding
- Data as of
- 06/2024
- EIN
- 83-0687947
Organization Overview
Nc Triad Fusion Inc is located in Bermuda Run, NC. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. As of 06/2024, NC Triad Fusion Inc employed 195 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NC Triad Fusion 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 06/2024, NC Triad Fusion Inc generated $10.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $9.8m during the year ending 06/2024. While expenses have increased by 20.4% per year over the past 6 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
POSITIVELY IMPACT PEOPLE FOR LIFE BY CREATING INTENTIONAL EXPERIENCES THROUGH SPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE YOUTH AND ADULTS AN OPPORTUNITY TO PARTICIPATE IN ORGANIZED SPORTS PROGRAMS BY PROVIDING PLAYERS WITH APPROPRIATE LEVEL COACHING, CONCENTRATED SKILL DEVELOPMENT, AND PERSONAL AND LEADERSHIP DEVEOPMENT OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Wollaston Chief Executive Officer | Trustee | 40 | $268,041 |
Terry Hales Chair | OfficerTrustee | 1 | $0 |
Preston Yarborough At Large | Trustee | 1 | $0 |
Jim Martineau At Large | OfficerTrustee | 1 | $0 |
Joe Brower Vice Chair/secretary | Trustee | 1 | $0 |
Chad Hansen At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $407,224 |
| All other contributions, gifts, grants, and similar amounts not included above | $697,998 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,105,222 |
| Total Program Service Revenue | $8,015,073 |
| Investment income | $48,387 |
| 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 | $136,400 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,039,798 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $284,536 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $465,809 |
| Compensation of current officers, directors, key employees. | $55,897 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,475,436 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $374,331 |
| Payroll taxes | $271,002 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,214 |
| Fees for services: Accounting | $27,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $163,958 |
| Advertising and promotion | $26,206 |
| Office expenses | $7,496 |
| Information technology | $28,904 |
| Royalties | $0 |
| Occupancy | $1,145,045 |
| Travel | $259,993 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,720 |
| Interest | $148,359 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $614,108 |
| Insurance | $287,690 |
| All other expenses | $230,442 |
| Total functional expenses | $9,761,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,139,971 |
| Savings and temporary cash investments | $1,635,880 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $271,299 |
| 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 | $402,250 |
| Net Land, buildings, and equipment | $9,839,794 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,879,906 |
| Other assets | $2,800 |
| Total assets | $15,171,900 |
| Accounts payable and accrued expenses | $220,830 |
| Grants payable | $0 |
| Deferred revenue | $1,569,614 |
| 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 | $2,148,331 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,785,559 |
| Total liabilities | $5,724,334 |
| Net assets without donor restrictions | $9,447,566 |
| 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 | $15,171,900 |