Outer Banks Sporting Events Inc

Organization Overview

Outer Banks Sporting Events Inc is located in Kill Devil Hills, NC. The organization was established in 2010. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Outer Banks Sporting Events Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Outer Banks Sporting Events 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, Outer Banks Sporting Events Inc generated $98.2k 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 (27.4%) each year. All expenses for the organization totaled $163.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (22.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ORGANIZE AND PROMOTE SPORTS COMPETITIONS TO PROVIDE FINANCIAL RESOURCES FOR NEEDED RELIEF AND SUPPORT FOR EDUCATION WHILE CONTRIBUTING TO ECONOMIC DEVELOPMENT FOR THE OUTER BANKS OF NORTH CAROLINA

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE OUTER BANKS MARATHON/HALF MARATHON IS OUR SIGNATURE EVENT. IN THE PAST THIS EVENT WEEKEND HAS BROUGHT OVER 5800 PARTICIPANTS ALONG WITH THEIR GUESTS WHICH TOTALS OVER 17,600. THIS EVENT IS RUN ON VETERANS DAY WEEKEND IN ORDER TO TAKE ADVANTAGE OF THE EXTRA LONG WEEKEND AND COOL FALL WEATHER. EVENTS INCLUE SOMETHING FOR EVERYONE. A FUN RUN, 5K, 10K, HALF AND FULL MARATHONS, AS WELL AS A DIAPER DASH. OBSE PARTNERS WITH GO FAR - AN ORGANIZATION WHICH PROMOTES AND COORDINATES HEALTHY YOUTH RUNNING TRAINING PROGRAMS, TO PARTICIPATE IN THE FUN RUN AND 5K EVENTS. THERE IS A CARNIVAL, FAMILY FRIENDLY ATMOSPHERE AROUND THE SATURDAY EVENTS WITH VENDORS AND KID-FRIENDLY ACTIVITIES AS WELL. THE POST RACE FESTIVAL ON SUNDAY CULMINATES IN THE TOWN OF MANTEO NC WITH TENS OF THOUSANDS GATHERING TO ENJOY THE MUSIC, FOOD, AND FUN, WHILE WATCHING RUNNERS FINISH THE HALF AND FULL MARATHONS. UNFORTUNATELY, THE SUNDAY EVENT HAD TO BE CANCELLED DUE TO SEVERE STORMS.


OUTER BANKS SPORTING EVENTS ORGANIZED THE INAUGURAL FLYING PIRATE HALF MARATHON AND FIRST FLIGHT 5K IN APRIL OF 2010 FOR THE PURPOSE OF BRINGING VISITORS TO THE OUTER BANKS FOR ECONOMIC DEVELOPMENT DURING A TYPICALLY SLOW PORTION OF THE TOURIST SEASON AS WELL AS TO FOSTER NATIONAL AND INTERNATIONAL AMATEUR SPORTS COMPETITION. THIS RACE WAS CANCELLED THIS YEAR BECAUSE OF RESTRICTIONS RELATED TO COVID-19.


THE RUNNING OF THE LEPRACHAUNS IS HELD IN CONJUNCTION WITH THE CELEBRATED ST PATRICKS DAY PARADE AND INCLUDES A 5K RUN AS WELL AS A 10K RUN. UNFORTUNATELY THIS EVENT HAD TO BE CANCELLED THIS YEAR DUE TO COVID 19 RESTRICTIONS.


THE OUTER BANKS TRIATHLON IS A SERIES OF 3 TRIATHLONS WHICH OFFER SOMETHING FOR ATHLETES AT BEGINNING, INTERMEDIATE AND ADVANCED SKILL LEVELS. THE SERIES INCLUDES A SPRINT, OLYMPIC AND HALF TRIATHLON. THERE IS ALSO THE OPPORTUNITY TO COMPETE AS RELAY TEAMS WHICH GIVES ATHLETES THE CHANCE TO PAIR WITH OTHERS IN THEIR AREAS OF EXPERTISE/STRENGTH TO COMPLETE A TRIATHLON. THE TRIATHLON ENCOURAGES HEALTHY LIVING AND FITNESS AS A RUNNER, CYCLIST AND/OR SWIMMER. THIS EVENT BROUGHT OVER 800 ATHLETES HERE DURING SEPTEMBER, WHEN TOURISM STARTS TO WANE YET THE WEATHER AND WATERS ARE STILL WARM ENOUGH TO ENJOY. EXPOSURE TO THE BEAUTIFUL OUTER BANKS ENVIRONMENT DURING THIS TIME OF YEAR WILL ENCOURAGE VISITORS TO RETURN FOR A HOLIDAY OR LONGER VACATION. THIS EVENT WAS CANCELLED THIS YEAR DUE TO RESTRICTIONS RELATED TO COVID-19. BAND IN THE SAND (FORMALLY STORM THE BEACH) IS AN ADVENTURE RACE AND OBSTACLE COURSE ON THE BEACH. THIS EVENT CELEBRATED ITS INAUGURAL DEBUT IN JUNE 2013. THIS SERIES INCLUDES 3 DIVISIONS: 5 MILER, 3 MILER, AND FAMILY FRIENDLY .75 MILER. THERE IS OPPORTUNITY FOR INDIVIDUAL AND TEAM COMPETITION IN ALL DIVISIONS. TEAM WORK AND SUPPORT IS HIGHLY ENCOURAGED. THIS EVENT IS HELD IN LATE SPRING ONCE THE OCEAN IS WARM ENOUGH TO BE PARTICIPANT FRIENDLY. UNFORTUNATELY THIS EVENT HAD TO BE CANCELLED DUE TO COVID-19.


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Board, Officers & Key Employees

Name (title)Compensation
Sam Cortez
President
$0
Anna Mcginnis
Treasurer
$0
Debbie Luke
Executive Director-Obse
$0
Tess R Judge
Director
$0
Tim Kelly
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $21,500
All other contributions, gifts, grants, and similar amounts not included above$38,492
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$59,992
Total Program Service Revenue$34,185
Investment income $1,029
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 $2,970
Miscellaneous Revenue$0
Total Revenue $98,176

Grants Awarded

Over the last fiscal year, Outer Banks Sporting Events Inc has awarded $0 in support to 2 organizations.

Grant RecipientAmount

DARE EDUCATION FOUNDATION

Org PageRecipient Profile

Kitty Hawk, NC

|

$0

OUTER BANKS RELIEF FOUNDATION

Org PageRecipient Profile

Nags Head, NC

|

$0
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Outer Banks Sporting Events Inc has recieved totaling $5.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

Peer Organizations

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