New Generations Sports Academy Inc
- Assets
- $617.3k
- Revenue
- $653.1k
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 47-1657365
Organization Overview
New Generations Sports Academy Inc is located in San Antonio, TX. The organization was established in 2015. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, 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. New Generations Sports Academy 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 12/2022, New Generations Sports Academy Inc generated $653.1k in total revenue. All expenses for the organization totaled $106.6k during the year ending 12/2022. While expenses have increased by 49.5% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE, MOTIVATE, AND ENRICH THE LIVES OF CHILDREN AND TEENS IN OUR COMMUNITY BY SUPPORTING THEM THROUGH SPORTS AND ACADEMIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NGSA IS MADE UP OF VOLUNTEERS, WHO HELP YOUNG PEOPLE IN THE COMMUNITY DEVELOP THEMSELVES IN A SPORT WHICH THEY LOVE, GIVING THEM AN OPPORTUNITY TO BECOME SUCCESSFUL. THE NEW GENERATIONS SPORTS ACADEMY ALSO PARTICIPATES IN COMMUNITY FUND RAISERS AIMED AT HELPING UNDERSERVED INDIVIDUALS IN THE SAN ANTONIO AREA. BY STRESSING THE IMPORTANCE OF FAMILY VALUES AND GOOD, PHYSICAL FITNESS HABITS EARLY IN LIFE, WE BELIEVE THAT OUR STUDENTS WILL BECOME EXCELLENT ROLE MODELS IN THEIR COMMUNITIES. NGSA SERVES A DIVERSE STUDENT POPULATION AND PROGRAMS. THE SELF- ESTEEM AND WELLNESS OF YOUTH AND YOUNG ADULTS IS IMPERATIVE TO SUCCESSFUL RELATIONSHIPS, CAREER CHOICES, AND BUILDING COMMUNITIES. REGARDLESS OF A YOUTHS SOCIOECONOMIC BACKGROUND, THE OPPORTUNITY TO PARTICIPATE IN SPORTS AT NEW GENERATIONS SPORTS ACADEMY AND THE AAU BASKETBALL CLUB SA LEGENDS IS A GIVEN. MORE IMPORTANTLY, NEW GENERATIONS SPORTS ACADEMY IS INVESTED IN THE MATURATION OF YOUTH DURING THE MOST FORMIDABLE YEARS. THE ORGANIZATION IS COMMITTED TO ADVANCING YOUTH THROUGH ACADEMIC AND ATHLETIC EXCELLENCE BY ENHANCING THE LIVES OF YOUTH AND PROMOTING EXCELLENCE THROUGH SPORTS. THE NEW GENERATIONS SPORTS ACADEMY (NGSA) CURRENTLY SUPPORTS BOYS AND GIRLS THROUGH YOUTH SPORTS.
DEPRECIATION
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Treasurer | Officer | $0 | |
John Collins Presidennt | Officer | 40 | $23,000 |
Raquel Brandon Secretary | Officer | $0 | |
Jeanette Villarreal Board Member | OfficerTrustee | $0 | |
Kaye Reyna Board Member | OfficerTrustee | $0 | |
Michelle Navarro Board Member | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $622,000 |
| 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 | $622,000 |
| Total Program Service Revenue | $31,060 |
| 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 | $653,060 |
| 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. | $23,000 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,200 |
| Office expenses | $2,400 |
| 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 | $16,218 |
| Insurance | $14,272 |
| All other expenses | $10,869 |
| Total functional expenses | $106,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6 |
| 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 | $617,323 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $617,329 |
| 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 | $617,329 |
| 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 | $617,329 |