Birmingham Thunderbolts
- Assets
- $538.6k
- Revenue
- $624.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 03/2009
- Data as of
- 12/2022
- EIN
- 26-1844578
Organization Overview
Birmingham Thunderbolts is located in Birmingham, AL. The organization was established in 2009. According to its NTEE Classification (N63) the organization is classified as: Baseball & Softball, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Birmingham Thunderbolts 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, Birmingham Thunderbolts generated $624.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $762.8k 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
SUPPORT OF SOFTBALL TEAMS: ENTRY FEES AND TRAVEL EXPENSES FOR TOURNAMENTS, INSURANCE, EQUIPMENT, UNIFORMS, FURNISHING OF PRACTICE FACILITIES & PLAYING FIELDS AND THEIR MAINTENANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles W Shea Director And Secretary | 1 | $0 | |
Richard Shea III Director And President | 1 | $0 | |
Stephen R Shea Director And Vice-President | 1 | $0 | |
Beth Shea Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $621,974 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$817 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$3,289 |
| Other Income | $6,680 |
| Total Revenue | $624,548 |
| 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 | $130,263 |
| Occupancy | $51,271 |
| Travel, conferences, and meetings | $359,782 |
| Printing and publications | $0 |
| Other expenses | $218,522 |
| Total operating and administrative expenses | $762,833 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $762,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,908 |
| 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 | $0 |
| Net Land, buildings, and equipment | $514,674 |
| Other assets | $0 |
| Total assets | $538,582 |
| Accounts payable and accrued expenses | $5,076 |
| 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 | $5,076 |
Grants Awarded
Over the last fiscal year, Birmingham Thunderbolts has awarded $2,200 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
JOHN WAYNE BREAST CANCER INSTITUTE PURPOSE: CANCER RESEARCH | $100 |
AMERICAN BASEBALL FOUNDATION PURPOSE: CHARITABLE DONATION | $1,000 |
JOHN WAYNE BREAST CANCER INSTITUTE PURPOSE: CANCER RESEARCH | $100 |
AMERICAN BASEBALL FOUNDATION PURPOSE: CHARITABLE DONATION | $1,000 |