Usa Boxing Inc
- Assets
- $3.4m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 23
- Location
- Colorado Springs, CO
- Founding
- 11/1983
- Data as of
- 12/2021
- 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 12/2021, USA Boxing Inc employed 23 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 12/2021, USA Boxing Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $5.6m during the year ending 12/2021. While expenses have increased by 4.9% 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
2021
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 |
|---|---|---|---|
William Walsh Head Coach | Officer | 60 | $180,000 |
Michael Mcatee Executive Director | Officer | 60 | $140,723 |
Matthew Johnson High Performance Director | 60 | $116,449 | |
Patrick Butler Treasurer/lbc Director | OfficerTrustee | 5 | $0 |
Hector Colon 1st Vice President | OfficerTrustee | 5 | $0 |
Richard Hoffmann 2nd Vice President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $157,866 |
| Government grants | $658,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,336,434 |
| Noncash contributions included in lines 1a–1f | $172,877 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,152,400 |
| Total Program Service Revenue | $3,735,655 |
| Investment income | $21,810 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $32,328 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $62,102 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $90,663 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,094,958 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,600 |
| Grants and other assistance to domestic individuals. | $221,271 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $334,996 |
| Compensation of current officers, directors, key employees. | $111,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,089,323 |
| Pension plan accruals and contributions | $65,800 |
| Other employee benefits | $118,448 |
| Payroll taxes | $110,915 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,147 |
| Fees for services: Accounting | $16,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,573 |
| Fees for services: Other | $143,064 |
| Advertising and promotion | $679 |
| Office expenses | $199,519 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $110,578 |
| Travel | $1,291,655 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $375 |
| Conferences, conventions, and meetings | $3,018 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,767 |
| Insurance | $818,657 |
| All other expenses | $184,963 |
| Total functional expenses | $5,596,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,906,236 |
| Savings and temporary cash investments | $147,346 |
| Pledges and grants receivable | $8,370 |
| Accounts receivable, net | $62,385 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $74,826 |
| Prepaid expenses and deferred charges | $5,160 |
| Net Land, buildings, and equipment | $32,792 |
| Investments—publicly traded securities | $1,072,405 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $63,715 |
| Total assets | $3,373,235 |
| Accounts payable and accrued expenses | $650,116 |
| Grants payable | $0 |
| Deferred revenue | $1,031,586 |
| 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 | $555,186 |
| Total liabilities | $2,236,888 |
| Net assets without donor restrictions | $1,136,347 |
| 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 | $3,373,235 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Usa Boxing Inc has recieved totaling $157.
| Awarding Organization | Amount |
|---|---|
Lamb Weston Charitable Foundation Eagle, ID PURPOSE: COMMUNITY SUPPORT | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Fencing Association Colorado Springs, CO | $3,808,524 | $11,566,627 |
Telluride Foundation Telluride, CO | $17,715,032 | $5,834,891 |
Usa Boxing Inc Colorado Springs, CO | $3,373,235 | $6,094,958 |
Usa Climbing Salt Lake City, UT | $1,081,889 | $3,858,260 |
Usa Cycling Development Foundation Colorado Springs, CO | $3,439,986 | $1,767,971 |
Naz Elite Inc Flagstaff, AZ | $22,418 | $813,294 |
Usa Hockey Inc Scottsdale, AZ | $564,111 | $348,237 |
Usa Track & Field Inc Scottsdale, AZ | $101,727 | $0 |
American Servicemembers Amateur Sports Inc Boulder, CO | $8,567 | $247,287 |
Global Sports Partners Inc Norman, OK | $212,858 | $142,229 |
Usa Track & Field Inc Colorado Springs, CO | $306,132 | $0 |
Womens Ski Jumping Usa Inc Park City, UT | $81,142 | $0 |