Liberty League Inc
- Assets
- $380.5k
- Revenue
- $246.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Troy, NY
- Founding
- 04/2006
- Data as of
- 12/2021
- EIN
- 20-4380898
Organization Overview
Liberty League Inc is located in Troy, NY. The organization was established in 2006. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Liberty League Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberty League 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, Liberty League Inc generated $246.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $277.4k during the year ending 12/2021. 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
ESTABLISH SOUND ACADEMIC PRACTICES AND HIGH STANDARDS FOR STUDENT ATHLETES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS ESTABLISHED AN INTERCOLLIGATE LEAGUE WHICH PROMOTES AND REGULATES SPORTS PROGRAMS FOR STUDENT ATHLETES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy King Commissioner | Officer | 40 | $96,100 |
Dr Lee Mcelroy President | Officer | 1 | $0 |
Deb Steward Treasurer | Officer | 1 | $0 |
Jackie Nicholson Vice-President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $167,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,378 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $246,128 |
| Total Program Service Revenue | $0 |
| Investment income | $95 |
| 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 | $246,223 |
| 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. | $96,100 |
| Compensation of current officers, directors, key employees. | $96,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,406 |
| Pension plan accruals and contributions | $8,649 |
| Other employee benefits | $11,343 |
| Payroll taxes | $11,168 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,355 |
| Advertising and promotion | $0 |
| Office expenses | $1,259 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,200 |
| Travel | $2,745 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,539 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,163 |
| All other expenses | $5,341 |
| Total functional expenses | $277,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $328,839 |
| Savings and temporary cash investments | $51,677 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $380,516 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $380,516 |
| 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 | $380,516 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Liberty League Inc has recieved totaling $75,368.
| Awarding Organization | Amount |
|---|---|
National Collegiate Athletic Association Indianapolis, IN PURPOSE: Scholarships/Grants | $75,368 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Hockey League Springfield, MA | $4,652,735 | $11,954,953 |
Pennsylvania Recreation Vehicle And Camping Association Camp Hill, PA | $19,781,607 | $4,403,448 |
Professional Golfers Association Of America-New Jersey Section Bedminster, NJ | $1,105,126 | $2,393,567 |
Tri-State Section Of The Professional Golfers Association Moon Township, PA | $1,087,526 | $1,621,148 |
Lombard Swim Association Inc Philadelphia, PA | $3,099,321 | $1,649,566 |
New York Section American Camping Association Inc New York, NY | $4,053,513 | $872,911 |
Marthas Vineyard Camp Meeting Association Oak Bluffs, MA | $6,369,423 | $1,439,990 |
Central New York Pga Inc Jamesville, NY | $732,960 | $812,096 |
West Hartford All Sports Council Inc West Hartford, CT | $630,962 | $756,980 |
American Camping Association Inc New England Section Lexington, MA | $2,454,791 | $1,000,388 |
Northern Lehigh Playground Assoc Slatington, PA | $0 | $2,063 |
Western New York Professional Golfers Association Inc East Amherst, NY | $721,844 | $703,131 |