Durham Sports Club Scholarship Foundation
- Assets
- $1.0m
- Revenue
- $154.7k
- Investments
- $796.9k
- Employees
- 0
- Location
- Durham, NC
- Founding
- 10/2008
- Data as of
- 12/2022
- EIN
- 26-1595087
Organization Overview
Durham Sports Club Scholarship Foundation is located in Durham, NC. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Durham Sports Club Scholarship Foundation 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, Durham Sports Club Scholarship Foundation generated $154.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $31.2k during the year ending 12/2022. 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
DURHAM BULLS YOUTH ATHLETIC LEAGUE - SPONSOR TEAM FOR DURHAM YOUTH
DURHAM SPORTS COMMISSION - SPONSOR YOUTH BASKETBALL TOURNAMENT IN DURHAM NC
BULL CITY BASEBALL ASSOCIATION - SPONSOR TEAM FOR DURHAM YOUTH
BOYS AND GIRLS CLUBS OF DURHAM - SPONSOR TEAM FOR DURHAM YOUTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Bryson President | 1 | $0 | |
Matt Yarbrough Vice President | 1 | $0 | |
Nick Tennyson Secretary | 1 | $0 | |
Kim Anglin Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $107,460 |
| Interest on Savings | $345 |
| Dividends & Interest | $26,208 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,735 |
| Capital Gain Net Income | $20,735 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $154,748 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,694 |
| Total operating and administrative expenses | $1,694 |
| Contributions, gifts, grants paid | $29,500 |
| Total expenses and disbursements | $31,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,735 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,650 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,004,643 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Durham Sports Club Scholarship Foundation has awarded $29,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BULL CITY BASEBALL ASSOC PURPOSE: CONTRIBUTION TO YOUTH ATHLETIC LEAGUE | $5,000 |
DURHAM SPORTS COMMISSION PURPOSE: DONATE TO YOUTH BASKETBALL TOURNAMENT | $5,000 |
ALDERSGATE UNITED METHODIST CHURCH PURPOSE: ASSIST YOUTHS NEEDING ASSISTANCE FOR SOCCER LEAGUE FEES | $500 |
HIGH SCHOOL GRADUATES PURPOSE: SCHOLARSHIPS AWARDED TO SELECTED RECIPIENTS | $19,000 |