Universal Sports And Academics Inc
- Assets
- $449.3k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 60
- Location
- Waldorf, MD
- Founding
- 09/2010
- Data as of
- 12/2023
- EIN
- 26-0410003
Organization Overview
Universal Sports And Academics Inc, operating under the name Unique Sports Academycheer Extreme Maryland, is located in Waldorf, MD. The organization was established in 2010. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Unique Sports Academycheer Extreme Maryland employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Unique Sports Academycheer Extreme Maryland 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 12/2023, Unique Sports Academycheer Extreme Maryland generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 9 years. 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
PROVIDE A STRUCTURED BRIDGE BETWEEN RECREATION AND COMPETITIVE SPORTS WITH ACADEMIA, GOVERNMENT & COMMERCIAL INDUSTRY; ARTISTIC COUPLING OF MIND & BODY FOR THE BETTERMENT OF COMMUNITY & FURTHERING PERSONAL & PROFESSIONAL GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED AN ALL-STAR COMPETITIVE CHEER PROGRAM REGISTERED W/ USASF. CHEER TEAMS CONSISTED OF BEGINNER, INTERMEDIATE AND ADVANCED ATHLETES IN WHICH TEAM MEMBERS IMPROVED SKILLS, & ACHIEVED INDIVIDUAL & TEAM GOALS WHILE BECOMING DEDICATED TEAMMATES. TEAMS PARTICIPATED IN 10 COMPETITIONS DURING THE SEASON. OFF SEASON CAMPS/CLINICS WERE HELD TO IMPROVE & MAINTAIN ATHLETE SKILLS. APPROXIMATELY 177 ATHLETES PARTICIPATED.
CONDUCTED A COMPETITIVE LEVEL GYMNASTICS PROGRAM REGISTERED WITH USA GYMNASTICS (USAG). ATHLETES RECEIVED COMPETITIVE TRAINING IN USAG LEVELS XCEL THROUGH 9. 95 ATHLETES PARTICIPATED IN THE SEASON.
CONDUCTED RECREATIONAL LEVEL SPORTS CLASSES & PROGRAMS FOR CHILDREN AGES 18 MONTHS TO 18 YEARS. SKILL TRAINING PROVIDED FOR BEGINNERS TO ADVANCED, AS WELL AS SPECIAL NEEDS AND CHEER TUMBLING. PROGRAM DESIGNED TO HELP CHILDREN GROW PHYSICALLY, COGNITIVELY, SOCIALLY & EMOTIONALLY WHILE BUILDING CONFIDENCE THROUGH PHYSICAL FITNESS IN A FUN AND EMOTIONALLY SUPPORTIVE ENVIRONMENT. APPROXIMATELY 550 CHILDREN PARTICIPATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa D Shaw Treasurer | Officer | 40 | $79,445 |
Joseph A Taglisferi President | Officer | 20 | $46,326 |
Mary F Brannon Secretary | Officer | 30 | $69,233 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $38,347 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,096 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,443 |
| Total Program Service Revenue | $887,350 |
| Investment income | $24,665 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,462 |
| 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 | $56,248 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,035,168 |
| 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. | $195,004 |
| Compensation of current officers, directors, key employees. | $132,118 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $404,141 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $51,582 |
| Fees for services: Management | $91,401 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $905 |
| Office expenses | $31,563 |
| Information technology | $6,403 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $83,691 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,491 |
| Payments to affiliates | $24,490 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,060 |
| All other expenses | $0 |
| Total functional expenses | $1,055,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $370,752 |
| Savings and temporary cash investments | $0 |
| 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 | $61,389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,117 |
| Total assets | $449,258 |
| 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 | $134,796 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $115,297 |
| Other liabilities | $12,548 |
| Total liabilities | $262,641 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $186,617 |
| Total liabilities and net assets/fund balances | $449,258 |