New York Track & Field Inc
- Assets
- $399.7k
- Revenue
- $97.7k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 45-3548596
Organization Overview
New York Track & Field Inc, operating under the name USA Track and Field - New York, is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, 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. USA Track and Field - New York 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, USA Track and Field - New York generated $97.7k 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 (8.8%) each year. All expenses for the organization totaled $95.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.9%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZING TRACK & FIELD, LONG DISTANCE RUNNING, AND RACE WALKING EVENTS AND CHAMPIONSHIPS FOR YOUTH, OPEN AND MASTERS ATHLETES; MEMBERSHIP AND SANCTION ADMINISTRATION; AND EDUCATION AND PROMOTION OF PHYSICAL FITNESS. ALL ARE IN OUR DESIGNATED REGION AS A LOCAL ASSOCIATION OF USA TRACK AND FIELD WHICH IS THE GOVERNING BODY FOR THESE SPORTS IN THIS COUNTRY AS DESIGNATED BY THE US OLYMPIC COMMITTEE AND THE INTERNATIONAL ASSOCIATION OF ATHLETICS FEDERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZE OUTDOOR TRACK AND FIELD MEETS: ORGANIZED 7 TRACK AND FIELD MEETS, 5 FOR YOUTH ATHLETES AND 2 FOR OPEN ATHLETES. CONTRIBUTED TO A NEW YORK STATE CHAMPIONSHIP - THE EMPIRE STATE CLASSIC WHICH WAS JOINTLY ORGANIZED BY THE FIVE USATF ASSOCIATIONS IN THE STATE.
CROSS COUNTRY MEETS:ORGANIZED THREE CROSS-COUNTRY MEETS; ALL INCLUDED YOUTH ATHLETES, THE CHAMPIONSHIP EVENT WAS FOR ALL AGE GROUPS. ALL WERE HELD AT VAN CORTANDT PARK, BRONX, NEW YORK CITY.
INDOOR TRACK AND FIELD MEETS: ORGANIZED 0 TRACK AND FIELD MEETS, 0 FOR YOUTH ATHLETES AND 0 FOR OPEN ATHLETES. MEETS NOT HELD IN 2021 DUE TO PANDEMIC. DONATED SANCTION FOR PROFESSIONAL MEET AT OCEAN BREEZE EXPENSES AND ADJUSTMENTS FROM PREVIOUS YEARS ARE THE EXPENSES FOR 2021
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Padula First Vice President | OfficerTrustee | 30 | $275 |
Stephaine Irvin 2nd Vice President | OfficerTrustee | 5 | $116 |
Philip Greenwald Vice President - Finance | OfficerTrustee | 15 | $115 |
Tom Mctaggart President | OfficerTrustee | 20 | $0 |
Kenneth Kraft Secretary | OfficerTrustee | 10 | $0 |
Olive Smart Director - Active Athlete | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $46,902 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,902 |
| Total Program Service Revenue | $49,333 |
| Investment income | $418 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $97,653 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,613 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $506 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $35,617 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,250 |
| Advertising and promotion | $441 |
| Office expenses | $0 |
| Information technology | $708 |
| Royalties | $0 |
| Occupancy | $35,416 |
| Travel | $1,406 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $750 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $95,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,382 |
| Savings and temporary cash investments | $345,053 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,570 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,097 |
| Prepaid expenses and deferred charges | $8,615 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $399,717 |
| Accounts payable and accrued expenses | $5,230 |
| Grants payable | $0 |
| Deferred revenue | $5,167 |
| 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 | $10,397 |
| Net assets without donor restrictions | $389,320 |
| Net assets with donor restrictions | $0 |
| 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 | $399,717 |
Grants Awarded
Over the last fiscal year, New York Track & Field Inc has awarded $43,382 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OCEAN BREEZE PARK ALLIANCE INC PURPOSE: General support of OBPA activities in providing track and field training and competition opportunities. | $37,382 |
Bronx, NY PURPOSE: Maintenance and repair of cross country running trails. | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
America East Boston, MA | $5,719,263 | $6,183,979 |
United States Equestrian Team Foundation Inc Gladstone, NJ | $30,191,062 | $5,247,335 |
Laureus Sport For Good Foundation Of America New York, NY | $6,727,173 | $4,372,530 |
Far Hills Race Meeting Association Inc Far Hills, NJ | $7,235,904 | $3,433,382 |
Open Squash Inc New York, NY | $5,357,253 | $1,806,431 |
American Platform Tennis Association Inc Pittsburgh, PA | $1,547,528 | $1,984,678 |
Hayden Synchronized Skating Teams Inc Woburn, MA | $867,521 | $1,759,773 |
Connecticut State Golf Association Inc Rocky Hill, CT | $2,099,281 | $1,823,029 |
New York Yacht Club Regatta Association Inc New York, NY | $782,002 | $1,482,419 |
Kasparov Chess Foundation Inc Montville, NJ | $7,558,285 | $1,748,219 |
Pittsburgh Elite Volleyball Association Pittsburgh, PA | $538,474 | $1,020,631 |
Aurora Ice Association Inc East Aurora, NY | $3,480,077 | $1,014,399 |