South Bay Athletic Club
- Assets
- $159.0k
- Revenue
- $533.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Torrance, CA
- Founding
- Data as of
- 12/2023
- EIN
- 88-3218496
Organization Overview
South Bay Athletic Club is located in Torrance, CA. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Bay Athletic Club 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, South Bay Athletic Club generated $533.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (24.9%) each year. All expenses for the organization totaled $1.0m 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
YOUTH ENGAGEMENT PROGRAM TRACK & FIELD WE HOST A TRAINING IN ALL THE TRACK AND FIELD THROWS EVENTS AT OUR WILMINGTON LOCATION. THIS INCLUDES LIFTING, THROWING, AND ALL ACCESSORY EXERCISES AT LEAST THREE TIMES A WEEK. WE ALSO HOLD COMPETITIONS FOR HIGH SCHOOL THROUGH ELITE ATHLETES. ACCESS TO TRAINING IS FREE FOR ANYONE IN THE LOCAL WILMINGTON AREA.
YOUTH ENGAGEMENT PROGRAM - FOOTBALL FUND WE HOST A TRAININGS AND HOLD COMPETITIONS FOR HIGH SCHOOL THROUGH ELITE ATHLETES. ACCESS TO TRAINING IS FREE FOR ANYONE IN THE LOCAL WILMINGTON AREA.
FACILITY IMPROVEMENT PROGRAM WE IMPROVED OUR FACILITIES BY BUILDING SECURITY DOORS AND WINDOWS, BLEACHERS, FIELD MAINTENANCE AND A JAVELIN RUNWAY.
YOUTH ENGAGEMENT PROGRAM WOMEN'S BASKETBALL WE HOST A TRAININGS AND HOLD COMPETITIONS FOR HIGH SCHOOL THROUGH ELITE ATHLETES. ACCESS TO TRAINING IS FREE FOR ANYONE IN THE LOCAL WILMINGTON AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Paullin Board Member | 1 | $0 | |
Joe Antunovich Board Member | 1 | $0 | |
Conor Mccullough Executive Di | 30 | $65,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $532,693 |
| Interest on Savings | $36 |
| 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 | $400 |
| Total Revenue | $533,129 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,452 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $26,937 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $986 |
| Printing and publications | $0 |
| Other expenses | $69,506 |
| Total operating and administrative expenses | $999,492 |
| Contributions, gifts, grants paid | $8,650 |
| Total expenses and disbursements | $1,008,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,671 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $42 |
| 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 | $108,298 |
| Other assets | $0 |
| Total assets | $159,011 |
| 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, South Bay Athletic Club has awarded $8,650 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ANTHONY WELLS PURPOSE: PROVIDE OFFICIALS & FOOD FOR EVENTS. | $200 |
UNIVERSITY OF SOUTHERN CALIFORNIA PURPOSE: USC FUNDRAISER EVENT | $5,450 |
SPORTSWALK TO THE WATERFRONT PURPOSE: FUNDRAISER EVENT | $3,000 |