Thrust Athletic Foundation Inc
- Assets
- $867.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Nyack, NY
- Founding
- 01/2015
- Data as of
- 12/2020
- EIN
- 47-1971962
Organization Overview
Thrust Athletic Foundation Inc is located in Nyack, NY. 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. Thrust Athletic 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 12/2020, Thrust Athletic Foundation Inc generated $10.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (26.1%) each year. All expenses for the organization totaled $19.8k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
THE PURPOSE OF THE FOUNDATION IS TO HELP THE COMMUNITY BY EXPOSING YOUTH TO THE OLYMPIC SPORT OF FENCING AND THE IMPORTANCE OF HIGHER EDUCATION. THE FOUNDATION WILL PROVIDE PROGRAMS FOR PARTICIPANTS AFTER SCHOOL AND ON THE WEEKENDS FROM SEPTEMBER THROUGH JUNE TO FACILITATE THESE GOALS. THE FOUNDATION'S PROGRAMS INTEND TO PROVIDE A POSITIVE ENVIRONMENT FOR IMPROVING ACADEMICS THROUGH TUTORIAL ASSISTANCE, EXCERCISING AND LEARNING THE SKILL OF FENCING BY OFFERING SCHOLARSHIPS FOR TRAINING AND TRAVELING UNDER THE GUIDANCE OF AN OLYMPIAN TO MEMBERS OF THE ROCKLAND AND WESTCHESTER COUNTY COMMUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mikail Sankofa Chair | 0 | $0 | |
Ronald Mcgrath Board Member | 0 | $0 | |
Ed Rabowsky Board Member | 0 | $0 | |
Alex Acevedo Board Member | 0 | $0 | |
Dave Bassouni Board Member | 0 | $0 | |
Vida Samuel Sec Board Me | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $17,500 |
| Printing, publications, postage, and shipping | $1,500 |
| Other expenses | $802 |
| Total expenses | $19,802 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $867 |
| Total liabilities | $9,330 |
| Net assets or fund balances | -$8,463 |