Gazelle Sports Foundation
- Assets
- $159.0k
- Revenue
- $44.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Kalamazoo, MI
- Founding
- 11/2014
- Data as of
- 12/2021
- EIN
- 46-4332296
Organization Overview
Gazelle Sports Foundation is located in Kalamazoo, MI. The organization was established in 2014. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gazelle Sports Foundation 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, Gazelle Sports Foundation generated $44.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $50.5k during the year ending 12/2021. 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 SUPPORT INDIVIDUALS AND ORGANIZATIONS THAT IMPLEMENT EDUCATION PROGRAMS AND ACTIVITIES INVOLVING MOVEMENT/FITNESS, FOCUSING ON GROUPS THAT HAVE BARRIERS TO INTEGRATING FITNESS IN THEIR LIVES, INCLUDING THOSE OF LOWER INCOME. GRANTEES WILL INCLUDE A BROADER SEGMENT OF OUR COMMUNITY'S POPULATION INVOLVED IN MOVEMENT/FITNESS, THEREFORE IMPROVING OVERALL COMMUNITY HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FITNESS EVENTS INCLUDING GAZELLE GIRL HALF MARATHON, ONE ONE RUN, WHOVILLE, TWILIGHT TRAIL FEST, AND GOBBLE WOBBLE.
TO SUPPORT INDIVIDUALS AND ORGANIZATIONS THAT IMPLEMENT EDUCATION PROGRAMS AND ACTIVITIES INVOLVING MOVEMENT/FITNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Sequite Treasurer | Officer | 1 | $0 |
Christopher Lampen-Crowell President/secretary | Officer | 2 | $0 |
Ken Sung Vice President | Officer | 1 | $0 |
Fred Bunn Director | Trustee | 1 | $0 |
Sandy Barry Loken 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 | $14,199 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,199 |
| Total Program Service Revenue | $30,164 |
| 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 | $44,363 |
| 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 | $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 | $1,132 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,064 |
| Office expenses | $598 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $50,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,511 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $515 |
| 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 | $159,026 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $159,026 |
| 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 | $159,026 |
Grants Awarded
Over the last fiscal year, Gazelle Sports Foundation has awarded $15,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Grand Rapids, MI PURPOSE: PROMOTE MOVEMENT/FITNESS. | $5,000 |
PATHWAYS - TOTAL TREK QUEST PURPOSE: PROMOTE MOVEMENT/FITNESS. | $5,000 |
Grand Rapids, MI PURPOSE: PROMOTE MOVEMENT/FITNESS. | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gazelle Sports Foundation has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
Third Federal Foundation Cleveland, OH | $35,709,526 | $3,618,702 |
Gii Charities Grand Rapids, MI | $4,065,002 | $6,112,431 |
Westfield Insurance Foundation Westfield Center, OH | $42,931,784 | $4,362,594 |
Morgan Family Foundation Yellow Springs, OH | $51,827,477 | $1,582,241 |
Harry M And Violet Turner Charitable Trust Springfield, OH | $29,217,065 | $2,348,308 |
Penske Foundation Inc Bloomfield Hills, MI | $17,008,099 | $10,243,924 |
Alexander And Sarah Cutler Family Foundation Gates Mills, OH | $2,958,061 | $1,879,230 |
Clyde And Maycel Clark Foundation Inc Portsmouth, OH | $18,068,185 | $1,230,534 |
Scotts Miracle-Gro Foundation Marysville, OH | $2,069,071 | $1,768,884 |
Book Industry Charitable Foundation Ann Arbor, MI | $3,616,056 | $2,208,751 |