Usa Boxing Inc
- Assets
- $3.7m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 30
- Location
- Colorado Springs, CO
- Founding
- 11/1983
- Data as of
- 12/2022
- EIN
- 84-1604168
Organization Overview
Usa Boxing Inc is located in Colorado Springs, CO. The organization was established in 1983. According to its NTEE Classification (N71) the organization is classified as: Olympics, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, USA Boxing Inc employed 30 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. USA Boxing 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 12/2022, USA Boxing Inc generated $7.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $6.4m during the year ending 12/2022. While expenses have increased by 6.1% per year over the past 7 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
THE CORPORATION IS THE NATIONAL GOVERNING BODY FOR AMATEUR BOXING AND IS RESPONSIBLE FOR THE PROMOTION AND DEVELOPMENT OF AMATEUR BOXING IN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND OTHER PROGRAMS - THE CORPORATION PROMOTES ATHLETE'S PHYSICAL AND MENTAL TRAINING IN ORDER TO FURTHER THEIR DEVELOPMENT.
MEMBERSHIP - THE CORPORATION PROVIDES OFFICIAL OLYMPIC MEMBERSHIP CREDENTIALS AS WELL AS ACCIDENT AND GENERAL LIABILITY INSURANCE TO ITS MEMBERS.
EVENTS - THE CORPORATION SANCTIONS AMATEUR BOXING EVENTS FOR WHICH ATHLETES TRAIN AND COMPETE. JUNIOR ATHLETES TRAIN FOR AND COMPETE IN AMATEUR BOXING EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyson Lee President | OfficerTrustee | 5 | $0 |
Patrick Butler Treasurer/lbc Director | OfficerTrustee | 5 | $0 |
Hector Colon 1st Vice President | OfficerTrustee | 5 | $0 |
Richard Hoffmann 2nd Vice President | OfficerTrustee | 5 | $0 |
Ray Silvas Aiba Director | Trustee | 5 | $0 |
Eric Buller Affiliated Member Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $288,447 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,336,406 |
| Noncash contributions included in lines 1a–1f | $371,614 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,624,853 |
| Total Program Service Revenue | $5,189,010 |
| Investment income | $25,837 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $143,944 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,981,844 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,343 |
| Grants and other assistance to domestic individuals. | $178,785 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $407,912 |
| Compensation of current officers, directors, key employees. | $139,571 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,497,256 |
| Pension plan accruals and contributions | $96,754 |
| Other employee benefits | $153,578 |
| Payroll taxes | $147,236 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $84,062 |
| Fees for services: Accounting | $17,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,871 |
| Fees for services: Other | $192,239 |
| Advertising and promotion | $1,888 |
| Office expenses | $218,421 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,573 |
| Travel | $1,258,476 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,716 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,767 |
| Insurance | $810,077 |
| All other expenses | $182,024 |
| Total functional expenses | $6,433,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,306 |
| Savings and temporary cash investments | $2,455,450 |
| Pledges and grants receivable | $19,560 |
| Accounts receivable, net | $48,622 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $62,546 |
| Prepaid expenses and deferred charges | $35,825 |
| Net Land, buildings, and equipment | $22,025 |
| Investments—publicly traded securities | $957,969 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,264 |
| Total assets | $3,723,567 |
| Accounts payable and accrued expenses | $614,341 |
| Grants payable | $0 |
| Deferred revenue | $1,083,114 |
| 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 | $467,771 |
| Total liabilities | $2,165,226 |
| Net assets without donor restrictions | $1,558,341 |
| 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 | $3,723,567 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Fencing Association Colorado Springs, CO | $4,690,804 | $12,268,115 |
Usa Climbing Salt Lake City, UT | $2,446,661 | $6,729,157 |
Usa Boxing Inc Colorado Springs, CO | $3,723,567 | $6,981,844 |
Telluride Foundation Telluride, CO | $15,702,846 | $3,726,350 |
Naz Elite Inc Flagstaff, AZ | $50,112 | $997,855 |
Usa Hockey Inc Scottsdale, AZ | $642,561 | $379,397 |
Usa Track & Field Arizona Inc Scottsdale, AZ | $112,288 | $0 |
Global Sports Partners Inc Norman, OK | $253,459 | $237,955 |
Usa Track & Field Inc Colorado Springs, CO | $286,053 | $0 |
American Servicemembers Amateur Sports Inc Boulder, CO | $8,567 | $247,287 |
Womens Ski Jumping Usa Inc Park City, UT | $64,225 | $0 |