Connecticut Sports Management Group Inc
- Assets
- $277.3k
- Revenue
- $757.6k
- Investments
- $0.0
- Employees
- 19
- Location
- Middletown, CT
- Founding
- 07/1989
- Data as of
- 12/2021
- EIN
- 06-1240550
Organization Overview
Connecticut Sports Management Group Inc is located in Middletown, CT. The organization was established in 1989. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Connecticut Sports Management Group Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Sports Management Group 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, Connecticut Sports Management Group Inc generated $757.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $655.1k during the year ending 12/2021. While expenses have increased by 1.1% 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
TO PROMOTE AND REINFORCE THE OLYMPIC SPIRIT ON COMPETITION THAT VALUES SPORTSMANSHIP, EFFORT, AND ACHIEVEMENT AND TO MOTIVATE PERSONAL DEVELOPMENT IN PHYSICAL FITNESS AND HEALTH THROUGH ATTAINABLE GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES STATE RESIDENTS AN OPPORTUNITY TO COMPETE IN VARIOUS ATHLETIC SPORTS IN AN OLYMPIC STYLE FORMAT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Fisher Executive Director | Officer | 40 | $95,145 |
William Mudano Board Member At Large/development Director | Trustee | 2 | $16,854 |
Stephen Cassano Vice President | OfficerTrustee | 2 | $0 |
Dominic Perno Jr Secretary | OfficerTrustee | 2 | $0 |
Jay F Malcynsky President | OfficerTrustee | 2 | $0 |
Brian Cuddeback Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $166,240 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,338 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $253,578 |
| Total Program Service Revenue | $433,581 |
| Investment income | $81 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $70,371 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $757,611 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $118,627 |
| Compensation of current officers, directors, key employees. | $5,119 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,979 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,424 |
| Payroll taxes | $20,049 |
| 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 | $7,875 |
| Advertising and promotion | $13,300 |
| Office expenses | $65,486 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $699 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,505 |
| Interest | $8,712 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $890 |
| Insurance | $2,347 |
| All other expenses | $0 |
| Total functional expenses | $655,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,914 |
| Savings and temporary cash investments | $208,099 |
| Pledges and grants receivable | $6,141 |
| Accounts receivable, net | $0 |
| 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 | $8,757 |
| Net Land, buildings, and equipment | $4,555 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,802 |
| Total assets | $277,268 |
| Accounts payable and accrued expenses | $11,309 |
| Grants payable | $0 |
| Deferred revenue | $96,900 |
| 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 | $0 |
| Total liabilities | $108,209 |
| Net assets without donor restrictions | $169,059 |
| 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 | $277,268 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Connecticut Sports Management Group Inc has recieved totaling $38,070.
| Awarding Organization | Amount |
|---|---|
Hartford Foundation For Public Giving Hartford, CT PURPOSE: GENERAL SUPPORT | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,570 |
All Waste Charitable Foundation Hartford, CT PURPOSE: CHARITY | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usta Player Development Incorporated White Plains, NY | $604,131 | $13,893,000 |
America East Boston, MA | $5,719,263 | $6,183,979 |
Laureus Sport For Good Foundation Of America New York, NY | $6,727,173 | $4,372,530 |
Open Squash Inc New York, NY | $5,357,253 | $1,806,431 |
Hayden Synchronized Skating Teams Inc Woburn, MA | $867,521 | $1,759,773 |
Connecticut State Golf Association Inc Rocky Hill, CT | $2,099,281 | $1,823,029 |
New York Yacht Club Regatta Association Inc New York, NY | $782,002 | $1,482,419 |
Aurora Ice Association Inc East Aurora, NY | $3,480,077 | $1,014,399 |
East Coast Conference West Babylon, NY | $1,556,768 | $907,692 |
Connecticut Sports Management Group Inc Middletown, CT | $277,268 | $757,611 |
New England Amateur Skating Foundation Inc Providence, RI | $687,588 | $557,183 |
The Riverside Boat Club Of Cambridge Cambridge, MA | $2,915,123 | $606,845 |