Friends Of Belmont Sport Inc
- Assets
- $225.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Belmont, MA
- Founding
- 02/1990
- Data as of
- 12/2023
- EIN
- 04-3068266
Organization Overview
Friends Of Belmont Sport Inc is located in Belmont, MA. The organization was established in 1990. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, 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. Friends Of Belmont Sport 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, Friends Of Belmont Sport Inc generated $37.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $13.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (26.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SPECIAL OLYMPIC GAMES, TOURNAMENTS, TRANSPORTATION, LOCAL ATHLETIC EVENTS, PROGRAMS FOR SPECIAL NEEDS CHILDREN AND ADULTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Barberio Program Director | 1 | $0 | |
Erin Farrell Asst. President | 2 | $0 | |
Rhonda Lesanto Director | 1 | $0 | |
Cathy Levins Director | 1 | $0 | |
Sue Oates Director | 1 | $0 | |
Bernadette Studna Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,989 |
| Total Program Service Revenue | $4,718 |
| Membership dues | $1,425 |
| Investment income | $2,689 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $37,821 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $2,683 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,251 |
| Total expenses | $13,934 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $225,004 |
| Other assets | $0 |
| Total assets | $225,004 |
| Total liabilities | $0 |
| Net assets or fund balances | $225,004 |