I A C Sports Foundation Inc
- Assets
- $83.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 12/1983
- Data as of
- 12/2021
- 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 12/2021, I A C Sports Foundation Inc generated $11.6k 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 (10.2%) each year. All expenses for the organization totaled $25.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. 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 Welch President | 2 | $0 | |
Kevin Murray Secretary | 1 | $0 | |
Carl Daniels Board Member | 0.5 | $0 | |
Peter Forsee Treasurer | 1 | $0 | |
Joe Cripe Board Member | 1 | $0 | |
Kevin Flynn Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,975 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $11 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$3,376 |
| Other Revenue | $0 |
| Total Revenue | $11,610 |
| 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 | $3,090 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $134 |
| Other expenses | $7,428 |
| Total expenses | $25,652 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $83,521 |
| Other assets | $0 |
| Total assets | $83,521 |
| Total liabilities | $0 |
| Net assets or fund balances | $83,521 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that I A C Sports Foundation Inc has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
International Brotherhood Of Electrical Workers Indianapolis, IN PURPOSE: CONTRIBUTION | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George And Frances Ball Foundation Muncie, IN | $76,278,352 | $7,203,214 |
Friends Of The Robert Crown Center Evanston, IL | $364,936 | $1,586,328 |
Edmund F And Virginia B Ball Foundation Inc Muncie, IN | $23,329,269 | $2,218,558 |
Chicago Parks Foundation Chicago, IL | $6,269,164 | $4,256,299 |
The Tower Grove Park Foundation Saint Louis, MO | $14,895,981 | $1,801,990 |
Ball Foundation Glen Ellyn, IL | $10,980,594 | $409,210 |
Chicago Rowing Foundation Chicago, IL | $1,413,266 | $1,236,194 |
Atchison Ymca Qalicb Inc Kansas City, MO | $9,758,868 | $380,000 |
Friends Of Lake Forest Parks And Recreation Lake Forest, IL | $990,377 | $433,092 |
Pekin Park Foundation Pekin, IL | $1,074,794 | $584,310 |
Friends Of The Manitowoc Familyaquatic Center Inc Manitowoc, WI | $269,607 | $8,134 |
Trust Uw Elmer A Sperry T 3012 Chicago, IL | $7,841,681 | $561,674 |