Sportable Richmond Adaptive Sports And Recreation Inc
- Assets
- $1.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 23
- Location
- Richmond, VA
- Founding
- 08/2007
- Data as of
- 04/2023
- EIN
- 20-8924701
Organization Overview
Sportable Richmond Adaptive Sports And Recreation Inc is located in Richmond, VA. The organization was established in 2007. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 04/2023, Sportable Richmond Adaptive Sports And Recreation Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sportable Richmond Adaptive Sports And Recreation 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 04/2023, Sportable Richmond Adaptive Sports And Recreation Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $1.2m during the year ending 04/2023. While expenses have increased by 12.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE OPPORTUNITIES AND TRANSFORM THE LIVES OF ATHLETES WITH PHYSICAL DISABILITIES AND VISUAL IMPAIRMENTS THROUGH SPORT, RECREATION, HEALTH AND WELLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES PARTICIPANTS IN ADAPTIVE SPORTS PROGRAMS. PROVIDED FACILITIES, EQUIPMENT, PROFESSIONAL COACHING, AND VOLUNTEERS. RECREATIONAL AND COMPETITIVE PARTICIPANTS. YOUTH AND ADULTS. DONATIONS OF TIME BY SPORTABLE VOLUNTEERS ARE VALUED AT 115,000 THIS YEAR AND PROGRAMS WOULD NOT HAVE BEEN POSSIBLE WITHOUT THEM. VOLUNTEERS INCLUDE RECREATIONAL THERAPISTS, COACHES, PHYSICIANS, OCCUPATIONAL THERAPISTS, PROFESSIONAL ATHLETES, EQUIPMENT EXPERTS AND MORE. HAD THEIR TIME AND SKILLS NOT BEEN DONATED, SPORTABLE WOULD HAVE HAD TO PURCHASE THEIR SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Hunter Leemon CEO | Officer | 40 | $96,575 |
Ryan Byrd Director | Trustee | 0.25 | $0 |
Dohn Guyer Director | Trustee | 0.25 | $0 |
Missy Bass Director | Trustee | 0.25 | $0 |
J C Poma Director | Trustee | 0.25 | $0 |
Zack Smith Development | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $268,927 |
| Related organizations | $0 |
| Government grants | $266,219 |
| All other contributions, gifts, grants, and similar amounts not included above | $965,585 |
| Noncash contributions included in lines 1a–1f | $138,331 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500,731 |
| Total Program Service Revenue | $58,353 |
| Investment income | $347 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,463 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,576 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,577,739 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $27,326 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,226 |
| Compensation of current officers, directors, key employees. | $7,685 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $529,974 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,077 |
| Payroll taxes | $47,028 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $24,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,264 |
| Advertising and promotion | $7,208 |
| Office expenses | $20,374 |
| Information technology | $16,374 |
| Royalties | $0 |
| Occupancy | $36,706 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,029 |
| Interest | $4,325 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,202 |
| Insurance | $20,107 |
| All other expenses | $24,222 |
| Total functional expenses | $1,237,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $874,350 |
| Savings and temporary cash investments | $3,586 |
| Pledges and grants receivable | $106,718 |
| Accounts receivable, net | $500 |
| 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 | $22,524 |
| Net Land, buildings, and equipment | $162,300 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,762 |
| Total assets | $1,177,740 |
| Accounts payable and accrued expenses | $39,509 |
| Grants payable | $0 |
| Deferred revenue | $7,620 |
| 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 | $150,000 |
| Other liabilities | $145,078 |
| Total liabilities | $342,207 |
| Net assets without donor restrictions | $780,334 |
| Net assets with donor restrictions | $55,199 |
| 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 | $1,177,740 |