Challenged Sports Exchange Inc
- Assets
- $189.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lynchburg, VA
- Founding
- 06/2005
- Data as of
- 12/2021
- EIN
- 30-0292404
Organization Overview
Challenged Sports Exchange Inc is located in Lynchburg, VA. The organization was established in 2005. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., 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. Challenged Sports Exchange 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, Challenged Sports Exchange Inc generated $11.3k 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 (12.0%) each year. All expenses for the organization totaled $14.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
ATHLETIC, MUSIC, AND OTHER PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Ion Board Member | 10 | $0 | |
Toni Minor Board Member | 25 | $0 | |
James Monaghan Chairman | 10 | $0 | |
Bethel Thomas Board Member | 5 | $0 | |
Rhonda Skinner Secretary | 5 | $0 | |
Gail Ballowe Vice Chairman | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,649 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $98 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $8,582 |
| Other Revenue | $0 |
| Total Revenue | $11,329 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $5,564 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,503 |
| Total expenses | $14,067 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $188,585 |
| Other assets | $0 |
| Total assets | $189,102 |
| Total liabilities | $0 |
| Net assets or fund balances | $189,102 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Challenged Sports Exchange Inc has recieved totaling $20,075.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: ONGOING PROGRAM SUPPORT | | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $75 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southeastern Virginia Areawide Model Program Inc Norfolk, VA | $2,843,692 | $8,738,729 |
Metropolitan Richmond Sports Backers Inc Richmond, VA | $2,872,546 | $6,713,495 |
Big South Conference Inc Charlotte, NC | $10,241,548 | $8,654,912 |
Cleveland County Family Ymca Inc Shelby, NC | $16,549,563 | $5,509,175 |
Charlotte City Club Inc Charlotte, NC | $14,589,819 | $3,286,480 |
Sport And Entertainment Corporation Of Maryland Baltimore, MD | $53,419 | $1,410,259 |
Marlins Of Raleigh Raleigh, NC | $1,167,559 | $2,085,324 |
Bike To The Beach Washington, DC | $0 | $1,888,538 |
A H R M A Elora, TN | $355,476 | $1,651,108 |
American Recreation Coalition Washington, DC | $671,840 | $1,140,717 |
Williamsport Volunteer Fire And Emergency Medical Services Inc Williamsport, MD | $4,234,781 | $1,522,798 |
Vysa For Land Preservation Fredericksburg, VA | $6,332,662 | $617,000 |