Asheville-Buncombe Regional Sports Commission Inc
- Assets
- $215.4k
- Revenue
- $784.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Asheville, NC
- Founding
- 08/2011
- Data as of
- 06/2022
- EIN
- 27-4435988
Organization Overview
Asheville-Buncombe Regional Sports Commission Inc, operating under the name Asheville-Buncombe Regional Sports, is located in Asheville, NC. The organization was established in 2011. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Asheville-Buncombe Regional Sports employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asheville-Buncombe Regional Sports 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 06/2022, Asheville-Buncombe Regional Sports generated $784.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $764.3k during the year ending 06/2022. While expenses have increased by 3.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MAIN AREAS OF EMPHASIS FOR ASHEVILLE BUNCOMBE REGIONAL SPORTS COMMISSION ARE TO ATTRACT SPORTS EVENTS, GENERATE POSITIVE ECONOMIC DEVELOPMENT, AND PROVIDE WELLNESS PROGRAMS THAT ENHANCE THE QUALITY OF LIFE FOR THE RESIDENTS OF BUNCOMBE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASHEVILLE BUNCOMBE REGIONAL SPORTS COMMISSION PROMOTES BUNCOMBE COUNTY AND ASHEVILLE AS A REGIONAL, NATIONAL, AND INTERNATIONAL SPORTS DESTINATION WITH A DEDICATED FOCUS ON SPORTS TOURISM. SINCE ITS ESTABLISHMENT, THE SPORTS COMMISSION HAS UTILIZED ITS EXPERTISE IN HOSTING EVENTS TO CREATE LIFETIME EXPERIENCES FOR PARTICIPANTS AND CREATE RELATIONSHIPS THAT ENCOURAGE EVENTS TO RETURN TO ASHEVILLE.
THE FOCUS OF THE SPORTS COMMISSION IS DIRECTLY RECRUIT AND RETAIN SPORTS TOURISM IN BUNCOMBE COUNTY. IN 21/22 ABRSC HOSTED 14 LOCAL EVENTS IN GOLF, CYCLING, SOCCER, BASKETBALL, LACROSSE AND MORE BRINGING OVER 63,000 ATTENDEES TO THE AREA, IN TURN, PROVIDING AN ENORMOUS POSITIVE IMPACT ON THE LOCAL ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Demp Bradford President/ceo | OfficerTrustee | 40 | $93,159 |
Chris Smith Chairman | OfficerTrustee | 2 | $0 |
Stephen Zubrod Vice Chairman | OfficerTrustee | 2 | $0 |
Russ Towers Treasurer | OfficerTrustee | 2 | $0 |
Stacey Enos Secretary | OfficerTrustee | 2 | $0 |
Jan Davis Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $290,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $198,632 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $488,632 |
| Total Program Service Revenue | $293,712 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $784,494 |
| 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. | $102,790 |
| Compensation of current officers, directors, key employees. | $52,213 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,646 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,948 |
| Payroll taxes | $13,649 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,214 |
| Fees for services: Accounting | $17,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $399 |
| Advertising and promotion | $54,109 |
| Office expenses | $10,884 |
| Information technology | $2,267 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $36,306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,063 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,001 |
| All other expenses | $11,913 |
| Total functional expenses | $764,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,127 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,300 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $215,427 |
| Accounts payable and accrued expenses | $8,271 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,271 |
| Net assets without donor restrictions | $207,156 |
| 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 | $215,427 |