Trapshooting Hall Of Fame Inc
- Assets
- $2.2m
- Revenue
- $135.7k
- Investments
- $488.8k
- Employees
- 4
- Location
- Sparta, IL
- Founding
- 06/1975
- Data as of
- 08/2022
- EIN
- 31-0843232
Organization Overview
Trapshooting Hall Of Fame Inc is located in Sparta, IL. The organization was established in 1975. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2022, Trapshooting Hall Of Fame Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trapshooting Hall Of Fame 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 08/2022, Trapshooting Hall Of Fame Inc generated $135.7k 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 (4.1%) each year. All expenses for the organization totaled $192.0k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 years. 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 PURPOSE FOR WHICH SAID CORPORATON IS FORMED ARE TO PRESERVE, FOSTER AND PROMOTE THE SHOOTING ARTS: TO PROVIDE RECOGNITION TO THOSE OUTSTANDING IN THE SHOOTING ARTS, ESPECIALLY TRAPSHOOTING: TO SPONSOR, CONDUCT AND PROMOTE EDUCATIONAL PROGRAMS DESIGNED TO TEACH AND PROMOTE THE SHOOTING ARTS: TO FOSTER AND PROMOTE THE CONSERVATION OF THE NATURAL RESOURCES AND ANIMAL LIFE OF THE UNITED STATES: AND TO PROMOTE SAFETY IN THE PROPER USE OF FIREARMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH PROGRAMS - 20 SCHOLARSHIPS AWARDED TO YOUTH INTERESTED IN TRAPSHOOTING. ONE SCHOLARSHIP TO NE CORNHUSGERS YOUTH EVENT/PROGRAM.
TOURNAMENT OPTIONS - OPTIONS HELD AT 49 SHOOTS ANNUALLY, WHERE THE WINNER AND THE HALL OF FAME SPLIT THE PROCEEDS. THOUSANDS PARTICIPATED DURING THE YEAR.
INDUCTEE PROGRAM - INDUCTION OF THREE TO FIVE TRAPSHOOTERS ANNUALLY TO THE TRAPSHOOTING HALL OF FAME. A PICTURE OF THE INDUCTEES IS DISPLAYED AT THE HALL OF FAME.
OTHER PROGRAM SERVICES-MUSEUM PROGRAMS AND GRAND AMERICAN AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garry Hill Trustee-Secretary | OfficerTrustee | 1 | $0 |
Gerry Williams Trustee-Treasurer | OfficerTrustee | 1 | $0 |
James Bradford Jr Trustee-Chairman | OfficerTrustee | 1 | $0 |
Jeff Wagner Trustee | Trustee | 1 | $0 |
Lynn Gipson Trustee | Trustee | 1 | $0 |
Bob Felber Trustee | Trustee | 1 | $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 | $76,830 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,830 |
| Total Program Service Revenue | $26,388 |
| Investment income | $15,261 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,770 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $135,712 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $26,625 |
| 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 | $21,688 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,676 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,427 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,927 |
| Office expenses | $638 |
| Information technology | $120 |
| Royalties | $0 |
| Occupancy | $11,224 |
| 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 | $67,068 |
| Insurance | $12,324 |
| All other expenses | $137 |
| Total functional expenses | $191,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,438 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,960 |
| 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 | $5,477 |
| Net Land, buildings, and equipment | $1,602,350 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $488,781 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,647 |
| Total assets | $2,204,653 |
| Accounts payable and accrued expenses | $4,211 |
| 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 | $4,211 |
| Net assets without donor restrictions | $1,583,479 |
| Net assets with donor restrictions | $616,963 |
| 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 | $2,204,653 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Trapshooting Hall Of Fame Inc has recieved totaling $45,850.
| Awarding Organization | Amount |
|---|---|
Richland County Foundation Of Mansfield Mansfield, OH PURPOSE: GENERAL SUPPORT | $45,850 |
Endowment Analysis
| Beg. Balance | $66,315 |
| Earnings | $184 |
| Ending Balance | $66,499 |
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