Adaptive Sports Foundation Inc
- Assets
- $8.7m
- Revenue
- $1.8m
- Investments
- $1.7m
- Employees
- 13
- Location
- Windham, NY
- Founding
- 06/2000
- Data as of
- 06/2021
- EIN
- 14-1823155
Organization Overview
Adaptive Sports Foundation Inc is located in Windham, NY. The organization was established in 2000. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Adaptive Sports Foundation Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adaptive 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 06/2021, Adaptive Sports Foundation Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.3m during the year ending 06/2021. 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
SUMMER AND WINTER PROGRAMS FOR INDIVIDUALS WITH DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OFFERS BOTH SUMMER AND WINTER RECREATIONAL OPPORTUNITIES TO INDIVIDUALS WITH COGNITIVE AND/OR PHYSICAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Barnes Director | Trustee | 1.5 | $0 |
Michael Fee Director | Trustee | 1 | $0 |
Daniel Gilbert Director | Trustee | 1.5 | $0 |
Russell Huntington Director | Trustee | 1 | $0 |
James A Beha II Treasurer | OfficerTrustee | 2 | $0 |
Glen Kunofsky Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,215,073 |
| Investment income | $88,506 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $215,284 |
| Net Income from Fundraising Events | $104,697 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,225 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,762,149 |
| 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. | $89,754 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $282,651 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,547 |
| Payroll taxes | $32,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,666 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,989 |
| Fees for services: Other | $37,341 |
| Advertising and promotion | $3,928 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,859 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $975 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,532 |
| Insurance | $57,500 |
| All other expenses | $0 |
| Total functional expenses | $1,265,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $868,001 |
| Savings and temporary cash investments | $207,941 |
| Pledges and grants receivable | $24,886 |
| 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 | $7,175 |
| Investments—publicly traded securities | $2,850,776 |
| Investments—other securities | $1,739,537 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,679,904 |
| Accounts payable and accrued expenses | $8,952 |
| 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 | $750,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $98,226 |
| Total liabilities | $857,178 |
| Net assets without donor restrictions | $0 |
| 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 | $7,822,726 |