The International Boxing Hall Of Fame Inc is located in Canastota, NY. The organization was established in 1986. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Boxing Hall Of Fame 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 12/2022, International Boxing Hall Of Fame Inc generated $888.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $866.7k during the year ending 12/2022. While expenses have increased by 3.3% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
HALL OF FAME INDUCTION WEEKEND, CARRIED ON ANNUALLY IN JUNE OF EACH YEAR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Donald Ackerman President | 5 | $0 | |
William Lemon Vice President | 5 | $0 | |
Patrick Milmoe Treasurer | 10 | $0 | |
Darryl Hughto Secretary | 5 | $0 | |
Paul Basilio Director | 1 | $0 | |
Paul Giamartino Director | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $105,820 |
Interest on Savings | $86 |
Dividends & Interest | $0 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | -$5,815 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $95,836 |
Other Income | $692,118 |
Total Revenue | $888,045 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $79,500 |
Other employee salaries and wages | $194,436 |
Pension plans, employee benefits | $25,369 |
Interest | $0 |
Taxes | $23,108 |
Depreciation | $34,647 |
Occupancy | $13,663 |
Travel, conferences, and meetings | $28,182 |
Printing and publications | $0 |
Other expenses | $418,633 |
Total operating and administrative expenses | $866,738 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $866,738 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,267 |
Savings and temporary cash investments | $723,371 |
Net Accounts receivable | $11,225 |
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 | $30,131 |
Prepaid expenses and deferred charges | $16,040 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $507,958 |
Other assets | $0 |
Total assets | $1,291,992 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $15,775 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $228 |
Total liabilities | $16,003 |