I A C Sports Foundation Inc
- Assets
- $102.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 12/1983
- Data as of
- 12/2023
- EIN
- 31-1066452
Organization Overview
I A C Sports Foundation Inc is located in Indianapolis, IN. The organization was established in 1983. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, 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. I A C Sports Foundation 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 12/2023, I A C Sports Foundation Inc generated $35.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $56.0k during the year ending 12/2023. While expenses have increased by 8.2% per year over the past 9 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert V Welch Jr President | 2 | $0 | |
Matt Robinson Secretary | 1 | $0 | |
Peter Forsee Treasurer | 1 | $0 | |
Joe Cripe Board Member | 1 | $0 | |
Carl Daniels Board Member | 0.5 | $0 | |
Kevin Flynn Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,250 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,398 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$42,260 |
| Other Revenue | $0 |
| Total Revenue | $35,388 |
| 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 | $1,545 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $5,212 |
| Other expenses | $6,932 |
| Total expenses | $56,008 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $102,181 |
| Other assets | $0 |
| Total assets | $102,181 |
| Total liabilities | $0 |
| Net assets or fund balances | $102,181 |