Twg 2021 Birmingham Foundation
- Assets
- $62.1k
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-4970311
Organization Overview
Twg 2021 Birmingham Foundation is located in Birmingham, AL. 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. Twg 2021 Birmingham 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 12/2023, Twg 2021 Birmingham Foundation generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 31.5% each year . All expenses for the organization totaled $5.1m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE TWG 2021 BIRMINGHAM FOUNDATION IS TO ENGAGE IN THE RESPONSIBLE PLANNING AND TO TAKE THE APPROPRIATE ACTIONS NECESSARY TO ENSURE THE READINESS OF BIRMINGHAM, ALABAMA TO HOST THE WORLD GAMES IN 2022.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WORLD GAMES IS AN 11-DAY SPORTS CELEBRATION HELD IN THE YEAR FOLLOWING THE SUMMER OLYMPIC GAMES. THE GAMES REPRESENTS THE HIGHEST LEVEL OF COMPETITION FOR MORE THAN 3,600 INTERNATIONAL ATHLETES AND 30+ UNIQUE SPORTS.AT THE PINNACLE OF SPORTS AND ENTERTAINMENT, BIRMINGHAM, ALABAMA TOOK CENTER STAGE ON JULY 7-17, 2022 TO HOST THE WORLD GAMES 2022.
THE GAMES WERE COMPLETED IN 2022. NO MORE PROGRAMS GOING FORWARD. TWG WILL BE CLOSING OUT ANY REMAINING OBLIGATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Porter Chairman | Trustee | 12 | $0 |
Scott Adams Vice Chairman | Trustee | 12 | $0 |
Leroy Abrahams Treasurer | Trustee | 12 | $0 |
David Benck Secretary | Trustee | 12 | $0 |
Joe Knight Member | Trustee | 12 | $0 |
Nick Sellers Member | Trustee | 12 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Van Wagner Twelve Holdings Llc Advertising/entertainment | 12/30/23 | $785,000 |
Sav Entertainment Llc Audio/visual Engineering | 12/30/23 | $100,000 |
Lry Media Group Advertising | 12/30/23 | $224,963 |
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 | $5,102,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,102,000 |
| Total Program Service Revenue | $25,897 |
| 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 | $5,160,362 |
| 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 | $32,780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,453 |
| Advertising and promotion | $3,280 |
| Office expenses | $66 |
| Information technology | $13,163 |
| 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 | $6,033 |
| All other expenses | $898,425 |
| Total functional expenses | $5,119,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,120 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $62,120 |
| 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 | $62,120 |
| 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 | $62,120 |