1012 Sports Inc
- Assets
- $389.9k
- Revenue
- $449.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Baltimore, MD
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-2870578
Organization Overview
1012 Sports Inc is located in Baltimore, MD. The organization was established in 2014. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2021, 1012 Sports Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 1012 Sports 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, 1012 Sports Inc generated $449.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 37.0% each year . All expenses for the organization totaled $269.9k during the year ending 12/2021. While expenses have increased by 29.8% per year over the past 5 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
TO USE ATHLETICS TO CREATE MENTORING AND JOB TRAINING OPPORTUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLAG FOOTBALL MENTORING PROGRAM: ENROLLED TEENAGE MALES ENROLLED IN A FLAG FOOTBALL MENTORING PROGRAM WITH MENTORS.
BASKETBALL MENTORING PROGRAM: ENROLLED TEENAGE MALES ENROLLED IN A BASKETBALL MENTORING PROGRAM WITH MENTOR COACHES.
STRENGTH AND CONDITIONING PROGRAM: ENROLLED TEENS TO TAKE PART IN AN EIGHT-MONTH STRENGTH AND CONDITIONING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Thompson Executive Director | Officer | 40 | $62,308 |
Paul Haley Sr President | Trustee | 2 | $0 |
Ashley Thompson Secretary | Trustee | 3 | $0 |
Nicole Earle Director | Trustee | 1 | $0 |
Charles Callahan Director | Trustee | 1 | $0 |
Marshell Hargrove Director | Trustee | 1 | $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 | $441,141 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $441,141 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,400 |
| 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 | $449,541 |
| 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. | $62,308 |
| Compensation of current officers, directors, key employees. | $40,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,959 |
| 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 | $3,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,868 |
| Office expenses | $4,704 |
| Information technology | $3,788 |
| Royalties | $0 |
| Occupancy | $17,581 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,677 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,013 |
| Insurance | $4,966 |
| All other expenses | $0 |
| Total functional expenses | $269,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333,377 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,107 |
| 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 | $39,678 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $700 |
| Total assets | $389,862 |
| Accounts payable and accrued expenses | $1,621 |
| 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 | $0 |
| Total liabilities | $1,621 |
| Net assets without donor restrictions | $388,241 |
| 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 | $389,862 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that 1012 Sports Inc has recieved totaling $81,812.
| Awarding Organization | Amount |
|---|---|
Leveling The Playing Field Inc Silver Spring, MD PURPOSE: PROVIDE UNDERPRIVILEGED CHILDREN THE OPPORTUNITY TO ENJOY ATHLETIC INVOLVEMENT | $19,502 |
Stoller Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $18,010 |
Stoller Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $18,000 |
Marion I & Henry J Knott Foundation Inc Baltimore, MD PURPOSE: OPERATIONS | $10,000 |
Christopher M And Jennifer L Young Family Foundation Annapolis, MD PURPOSE: PAYMENTS FOR PROGRAMS | $7,000 |
Good Sports Inc Braintree, MA PURPOSE: INCREASE ACCESSIBILITY OF YOUTH SPORTS PROGRAMS TO DISADVANTAGED YOUTH | $6,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
World Help Forest, VA | $11,135,096 | $40,493,708 |
Choice Books Of Northern Virginia Inc Bristow, VA | $30,496,266 | $18,835,763 |
Joint Aid Management Washington, DC | $746,764 | $14,702,645 |
Reaching Unreached Nations Inc Virginia Beach, VA | $5,800,346 | $15,911,313 |
Physician Assistant Education Association Washington, DC | $20,449,567 | $13,289,693 |
The Lutheran Home At Kane Kane, PA | $8,299,845 | $10,193,303 |
Joshua Fund McLean, VA | $5,014,805 | $7,059,858 |
Little Sisters Of The Poor Of The City And County Of Philadelphia Philadelphia, PA | $10,759,268 | $7,956,134 |
International Service Fellowship Usa Upper Darby, PA | $20,365,794 | $7,523,822 |
Sojourners Washington, DC | $8,156,798 | $7,188,761 |
Society Of St Vincent De Paul Central Council Of Pittsburgh Pittsburgh, PA | $5,352,791 | $6,782,578 |
Jubilee Ministries Lebanon, PA | $10,567,390 | $8,013,168 |