Glaciers Sports Inc
- Assets
- $220.9k
- Revenue
- $435.3k
- Investments
- $0.0
- Employees
- 14
- Location
- Youngstown, OH
- Founding
- 06/2009
- Data as of
- 10/2023
- EIN
- 26-3240783
Organization Overview
Glaciers Sports Inc is located in Youngstown, OH. The organization was established in 2009. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 10/2023, Glaciers Sports Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glaciers Sports 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 10/2023, Glaciers Sports Inc generated $435.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $337.8k during the year ending 10/2023. While expenses have increased by 1.3% 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
GLACIERS SPORTS, INC. IS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE AND EDUCATIONAL PURPOSES. THE ORGANIZATION RAISES FUNDS THROUGH GAMES, DRIVES, AND OTHER LAWFUL FUNDRAISING ACTIVITIES, TO PROVIDE ATHLETIC PROGRAMS FOR THE BENEFIT OF CHILDREN AND YOUNG ADULTS AGE 23 AND UNDER. THE ORGANIZATION ALSO MAKES CONTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATION UND SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RAISES FUNDS THROUGH GAMES, DRIVES, AND OTHER LAWFUL FUNDRAISING ACTIVITIES TO PROVIDE ATHLETIC PROGRAMS FOR THE BENEFIT OF CHILDREN AND YOUNG ADULTS UNDER THE AGE OF 23.
THE ORGANIZATION EXPENDED FUNDS FOR THE BETTERMENT OF THE CHILDREN AND YOUNG ADULTS EDUCATIONAL AND ATHLETIC EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Andrew Bushey Risk Managem | Trustee | $0 | |
Ron Fagert Board Of Tru | Trustee | $0 | |
Eric Kalina Board Of Tru | Trustee | $0 | |
George Papuga Treasurer (r | Trustee | $0 | |
Attorney Christopher Sammarone Risk Managem | Trustee | $0 | |
Derek Suba Board Of Tru | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $122,487 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,487 |
| Total Program Service Revenue | $203,282 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $990 |
| Net Income from Fundraising Events | $108,577 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $435,336 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,180 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,804 |
| 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 | $0 |
| Advertising and promotion | $1,823 |
| Office expenses | $213 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,623 |
| Insurance | $0 |
| All other expenses | $44,670 |
| Total functional expenses | $337,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,671 |
| 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 | $2,400 |
| Prepaid expenses and deferred charges | $5,500 |
| Net Land, buildings, and equipment | $36,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $220,857 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $57,211 |
| 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 | $57,211 |
| Net assets without donor restrictions | $163,646 |
| 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 | $220,857 |