National Junior College Athletic Association Foundation Inc, operating under the name NJCAA Foundation, is located in Charlotte, NC. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NJCAA 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 07/2022, NJCAA Foundation generated $220.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $208.2k during the year ending 07/2022. 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 MISSION OF THE NJCAA FOUNDATION IS TO ENHANCE THE NJCAA NATIONAL ORGANIZATION, STUDENT-ATHLETES, MEMBER COLLEGES AND LOCAL COMMUNITIES THROUGH FINANCIAL SUPPORT, SCHOLARSHIPS, PROGRAM INITIATIVES AND COMMUNITY SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NJCAA FOUNDATION CONDUCTED ITS FIRST AWARDS EVENT AND ATTRACTED NEW SPONSORS FOR THE EVENT. IN ADDITION, THE FOUNDATION PROVIDED APPROXIMATELY $150,500 TO SUPPORT SPORTS ACTIVITIES FOR APPROXIMATELY 23 DIFFERENT TWO YEAR UNIVERSITIES IN THE UNITED STATES.
| Name (title) | Role | Hours | Compensation | 
|---|---|---|---|
| Brian Middleton Board Member | Trustee | 1 | $0 | 
| Mick Mcdaniel Board Member | Trustee | 1 | $0 | 
| Manny Ohonme Board Member | Trustee | 1 | $0 | 
| John Noonan Board Member | Trustee | 1 | $0 | 
| Christopher Lapata Board Member | Trustee | 1 | $0 | 
| Donna Julian Board Member | Trustee | 1 | $0 | 
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 | 
| Investment income | $200 | 
| 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 | $220,905 | 
| Statement of Expenses | |
|---|---|
| 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 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 | $0 | 
| Fees for services: Accounting | $0 | 
| Fees for services: Lobbying | $0 | 
| Fees for services: Fundraising | $0 | 
| Fees for services: Investment Management | $0 | 
| Fees for services: Other | $0 | 
| Advertising and promotion | $0 | 
| Office expenses | $470 | 
| Information technology | $0 | 
| Royalties | $0 | 
| Occupancy | $0 | 
| Travel | $156 | 
| 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 | $0 | 
| Insurance | $1,553 | 
| All other expenses | $0 | 
| Total functional expenses | $208,192 | 
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $289,666 | 
| Savings and temporary cash investments | $0 | 
| Pledges and grants receivable | $0 | 
| Accounts receivable, net | $12,500 | 
| 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 | 
| Investments—publicly traded securities | $0 | 
| Investments—other securities | $0 | 
| Investments—program-related | $0 | 
| Intangible assets | $0 | 
| Other assets | $0 | 
| Total assets | $302,166 | 
| Accounts payable and accrued expenses | $0 | 
| 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 | $40,000 | 
| Total liabilities | $40,000 | 
| Net assets without donor restrictions | $262,166 | 
| 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 | 
| Total liabilities and net assets/fund balances | $262,166 |