Indoor Football League
- Assets
- $630.6k
- Revenue
- $423.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Midlothian, VA
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 20-1869510
Organization Overview
Indoor Football League is located in Midlothian, VA. The organization was established in 2009. According to its NTEE Classification (N80) the organization is classified as: Professional Athletic Leagues, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Indoor Football League employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indoor Football League is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Indoor Football League generated $423.2k 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 $577.4k during the year ending 12/2021. While expenses have increased by 10.9% 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
THE MISSION OF THE LEAGUE IS TO GOVERN, MANAGE AND PROVIDE FOR THE CREATION AND OPERATION OF AND TO ENFORCE CERTAIN RULES AND REGULATIONS FOR A PROFESSIONAL INDOOR FOOTBALL LEAGUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOLLOWING A YEAR, 2020, OF NO ON-FIELD ACTIVITY, THE LEAGUE WAS ABLE TO RESUME PRESEASON, REGULAR SEASON AND PLAYOFF GAMES DURING 2021. THERE WERE FIFTEEN MEMBER TEAMS IN THE LEAGUE AS OF DECEMBER 31, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Tryon Commissioner | Officer | 40 | $150,507 |
Robert Loving Chief Financial Officer | Officer | 40 | $24,561 |
Derrick Bulawa Director | Trustee | 0 | $0 |
Jessica Germain Director | Trustee | 0 | $0 |
Steve Germain Director | Trustee | 0 | $0 |
Cathy Guy Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $422,813 |
| Investment income | $391 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $423,204 |
| 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. | $175,068 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,508 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,875 |
| Payroll taxes | $13,418 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,000 |
| Fees for services: Accounting | $450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $46,122 |
| Office expenses | $8,958 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $28,792 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,424 |
| Interest | $73 |
| Payments to affiliates | $125,000 |
| Depreciation, depletion, and amortization | $433 |
| Insurance | $7,751 |
| All other expenses | $2,306 |
| Total functional expenses | $577,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,035 |
| Savings and temporary cash investments | $600,284 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,206 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,121 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $630,646 |
| Accounts payable and accrued expenses | $0 |
| 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 | $125,000 |
| Unsecured mortgages and notes payable | $100,000 |
| Other liabilities | $3,516 |
| Total liabilities | $228,516 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $100,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $44,973 |
| Retained earnings, endowment, accumulated income, or other funds | $257,157 |
| Total liabilities and net assets/fund balances | $630,646 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nba Players Health And Welfare Benefit Plan Richmond, VA | $372,592,572 | $51,539,537 |
Professional Athletes Foundation Washington, DC | $39,661,719 | $3,614,289 |
Professional Golfers Association Of America Carolinas Section Browns Summit, NC | $4,265,965 | $2,806,782 |
National Association Of Christian Athletes Dayton, TN | $516,382 | $1,611,461 |
Kentucky Section Of The Pga Of America Louisville, KY | $1,128,161 | $772,480 |
Kga - Pga Inc Louisville, KY | $618,752 | $1,017,256 |
Indoor Football League Midlothian, VA | $630,646 | $423,204 |
Nfl Players Association Voluntary Employee Benefit Plan Washington, DC | $0 | $337,403 |
Professional Soccer Referees Association Inc Alexandria, VA | $560,039 | $215,330 |
Dc Rollergirls Washington, DC | $64,511 | $6,430 |
Guilford County Sports Hall Of Fame Greensboro, NC | $44,857 | $0 |