Iron Mike Youth Sports Foundation Inc
- Assets
- $43.8k
- Revenue
- $20.1k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2023
- EIN
- 86-2908089
Organization Overview
Iron Mike Youth Sports Foundation Inc is located in New York, NY. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iron Mike Youth Sports Foundation 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 12/2023, Iron Mike Youth Sports Foundation Inc generated $20.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (20.3%) each year. All expenses for the organization totaled $19.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
IRON MIKE YOUTH SPORTS FOUNDATION AWARDS GRANTS FOR TUITION/FEES AND EQUIPMENT TO FAMILIES BASED ON FINANCIAL NEED FOR THEIR CHILDREN TO PARTICIPATE IN YOUTH SPORTS. THE ORGANIZATION ALSO MAKES GRANTS TO OTHER QUALIFYING NOT FOR PROFIT ORGANIZATIONS.
MANAGEMENT AND ADMINISTRATIVE COSTS INCURRED TO OPERATE THE FOUNDATION AND ARE NECESSARY TO CARRY OUT THE CHARITABLE PROGRAMS AND ACTIVITIES CONDUCTED BY THE FOUNDATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Snyder President | 20 | $0 | |
Cole Snyder Secretary/treasurer | 2 | $0 | |
Ian Snyder Director | 2 | $0 | |
Erik Snyder Director | 1 | $0 | |
Julia Snyder Director | 1 | $0 | |
Mark Mclaughlin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,095 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,095 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $231 |
| Other expenses | $4,601 |
| Total operating and administrative expenses | $11,615 |
| Contributions, gifts, grants paid | $7,663 |
| Total expenses and disbursements | $19,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,836 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $43,836 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Iron Mike Youth Sports Foundation Inc has awarded $7,663 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TRENTON YOUTH WRESTLING PURPOSE: CHARITABLE DISTRIBUTION TO A DOMESTICALYL REGISTERED CHARITABLE ORGANIZATION. | $1,617 |
GRANTS TO RECIPIENTS UNDER THE REPO PURPOSE: CHARITABLE DISTRIBUTIONS TO INDIVIDUALS. | $6,046 |