Koa Sports League Inc
- Assets
- $2.0m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 232
- Location
- Gaithersburg, MD
- Founding
- 09/2010
- Data as of
- 12/2021
- EIN
- 27-2493139
Organization Overview
Koa Sports League Inc is located in Gaithersburg, MD. The organization was established in 2010. 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 12/2021, Koa Sports League Inc employed 232 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Koa Sports League 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 12/2021, Koa Sports League Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
KOA IS COMMITTED TO SHAPING KIDS' LIVES THROUGH SPORTS. THROUGH THE FOLLOWING APPROACH, KOA AIMS TO DEVELOP EACH CHILD TO HIS OR HER FULL POTENTIAL AS AN ATHLETE AND A PERSON: - EMPLOYING TRAINED AND DEDICATED PROFESSIONAL COACHES AND INSTRUCTORS WHO OPERATE UNDER THE SUPERVISION AND MANAGEMENT OF OUR FULL TIME PROFESSIONAL STAFF - PROVIDING A POSITIVE COMMUNITY FOR OUR YOUNG ATHLETES AND THEIR FAMILIES - USING SPORTS AS A VEHICLE TO TEACH LIFE LESSONS LIKE HARD WORK, SPORTSMANSHIP, SELF-DISCIPLINE, AND COPING WITH ADVERSITY WHILE MANY OF OUR YOUNG ATHLETES WILL ENJOY LONG, SUCCESSFUL PLAYING CAREERS IN HIGH SCHOOL AND BEYOND, WE RECOGNIZE NOT ALL ARE DESTINED FOR PROFESSIONAL, COLLEGE, OR EVEN HIGH SCHOOL COMPETITION. WHATEVER THE SPORT, ACTIVITY OR LEVEL OF COMPETITION, KOA'S BASIC PHILOSOPHY IS THE SAME - SHAPING KIDS' LIVES THROUGH SPORTS. CONSISTENT WITH THIS PHILOSOPHY, KOA AFFORDS ITS YOUNG ATHLETES THE OPPORTUNITY TO DEVELOP IN THEIR SPORT OF CHOICE AND, ULTIMATELY, IN THE GAME
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION, SPONSORSHIP AND ADVANCEMENT OF AMATEUR AND RECREATIONAL SPORTS FOR CHILDREN IN THE WASHINGTON, D.C. METROPOLITAN AREA. TEACHING TEAM SPORTS TO CHILDREN BY HOLDING CLINICS CONDUCTED BY QUALIFIED INSTRUCTORS IN SCHOOLS, ON PLAYGROUNDS AND IN PARKS. TO ENCOURAGE YOUTH PARTICIPATION IN SPORTS BY ORGANIZING LOCAL COMPETITIONS, LEAGUES, PROMULGATING RULES, ORGANIZING OFFICALS, ARRANGING ATTENDANCE BY PLAYERS AND COACHES AT COMPETITIONS, AND BY PROVIDING INSTRUCTION, EQUIPMENT AND FACILITIES.
PROMOTION, SPONSORSHIP AND ADVANCEMENT OF AMATUER AND RECREATIONAL SPORTS FOR CHILDREN IN THE WASHINGTON, D.C. METROPOLITAN AREA. TEACHING TEAM SPORTS TO CHILDREN BY HOLDING CLINICS CONDUCTED BY QUALIFIED INSTRUCTORS IN SCHOOLS, ON PLAYGROUNDS AND IN PARKS. TO ENCOURAGE YOUTH PARTICIPATION IN SPORTS BY ORGANIZING LOCAL COMPETITIONS, LEAGUES, PROMULGATING RULES, ORGANIZING OFFICALS, ARRANGING ATTENDANCE BY PLAYERS AND COACHES AT COMPETITIONS, AND BY PROVIDING INSTRUCTION, EQUIPMENT AND FACILIITES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Korson President | OfficerTrustee | 40 | $198,488 |
Susan Hull Director | OfficerTrustee | 1 | $0 |
Ben Klinger Director | OfficerTrustee | 1 | $0 |
Julie Andrews Director | Trustee | 1 | $0 |
Hans Chen Director | Trustee | 1 | $0 |
Nicholas Christakos Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $265,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,941 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $296,441 |
| Total Program Service Revenue | $2,362,730 |
| Investment income | $10,822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,021 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,679,014 |
| 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. | $198,488 |
| Compensation of current officers, directors, key employees. | $73,441 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $747,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,849 |
| Payroll taxes | $29,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,585 |
| Fees for services: Accounting | $8,258 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,573 |
| Advertising and promotion | $25,027 |
| Office expenses | $148,407 |
| Information technology | $16,968 |
| Royalties | $0 |
| Occupancy | $348,061 |
| Travel | $67,165 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $200 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,330 |
| Insurance | $56,031 |
| All other expenses | $41,208 |
| Total functional expenses | $2,131,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,011,081 |
| Savings and temporary cash investments | $25,454 |
| 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 | $25,390 |
| Investments—publicly traded securities | $200,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $737,988 |
| Total assets | $1,999,913 |
| 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 | $0 |
| Secured mortgages and notes payable | $1,180,576 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $391,437 |
| Total liabilities | $1,572,013 |
| Net assets without donor restrictions | $427,900 |
| 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 | $1,999,913 |
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