Next Level Sports Foundation Inc
- Assets
- $281.0k
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 765
- Location
- San Mateo, CA
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-2161844
Organization Overview
Next Level Sports Foundation Inc is located in San Mateo, CA. The organization was established in 2014. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Next Level Sports Foundation Inc employed 765 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Next Level 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, Next Level Sports Foundation Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 17.4% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NEXT LEVEL SPORTS FOUNDATION (NLSF) EXISTS TO PROVIDE FAMILIES WITH THE VERY BEST YOUTH SPORTS EXPERIENCE FOR THEIR CHILDREN IN ORDER FOR THEM TO ACQUIRE LIFE LESSONS AND TOOLS TO GROW INTO HEALTHY YOUNG ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COACHED AND ASSISTED 12,500+ CHILDREN IN YOUTH SPORTS WHILE EMPHASIZING THAT THE DEEPEST OF LIFE LESSONS ARE LEARNED WHEN COMMUNITY AND HUMAN INTERACTION COLLIDE COMBINING: ACADEMICS, ATHLETICS, SPIRITUALITY AND MOST IMPORTANTLY LOVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Walsh President, Director | OfficerTrustee | 5 | $0 |
Lance Smith Secretary, Treasurer, Dire | OfficerTrustee | 5 | $0 |
Chick Walsh Director | Trustee | 5 | $0 |
David Bakhtiari Director | Trustee | 5 | $0 |
Thomas Brady Sr Director | Trustee | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,705,458 |
| Investment income | $0 |
| 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 | $2,705,458 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $441,706 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $58,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,012 |
| Fees for services: Accounting | $265 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,040 |
| Advertising and promotion | $0 |
| Office expenses | $34 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $291,061 |
| Travel | $289 |
| 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 | $0 |
| Insurance | $82,269 |
| All other expenses | $13,905 |
| Total functional expenses | $2,756,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,995 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $280,995 |
| Accounts payable and accrued expenses | $424,449 |
| 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 | $108,974 |
| Total liabilities | $533,423 |
| Net assets without donor restrictions | -$252,428 |
| 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 | $280,995 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Next Level Sports Foundation Inc has recieved totaling $11,174.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,587 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,587 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fiesta Events Inc Scottsdale, AZ | $1,392,711 | $3,617,988 |
Chrims Inc Pleasanton, CA | $2,291,347 | $3,960,198 |
Santa Barbara Bowl Foundation Santa Barbara, CA | $45,351,353 | $2,991,318 |
Next Level Sports Foundation Inc San Mateo, CA | $280,995 | $2,705,458 |
Mountain View Volleyball Club Inc Sunnyvale, CA | $1,509,696 | $2,260,861 |
Rancho Penasquitos Tennis Association Inc San Diego, CA | $250,274 | $1,054,878 |
Niroga Institute Oakland, CA | $1,448,483 | $1,552,180 |
World Players Of Handball Foundation Tucson, AZ | $166,054 | $872,973 |
Crpa Foundation Fullerton, CA | $2,336,355 | $680,661 |
Bay Area Womens Sports Initiative Inc San Jose, CA | $1,221,193 | $1,319,678 |
Richmond Police Activities League Richmond, CA | $6,109,978 | $845,284 |
Bikeshare Hawaii Honolulu, HI | $1,024,934 | $346,147 |