Athlete Biz
- Assets
- $93.0k
- Revenue
- $195.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Williamsburg, VA
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 47-2068712
Organization Overview
Athlete Biz is located in Williamsburg, VA. The organization was established in 2015. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, 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. Athlete Biz 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, Athlete Biz generated $195.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $195.7k during the year ending 12/2022. 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
ATHLETE BIZ IS DEDICATED TO SUPPORTING THE FINANCIAL NEEDS OF ASPIRING OLYMPIC ATHLETES SO AS TO FURTHER INTERNATIONAL AMATEUR SPORTS AND TO POSITION THESE ATHLETES AS ACCESSIBLE ROLE MODELS TO EDUCATE AND INSPIRE BOTH ADULTS AND CHILDREN ABOUT HEALTHFUL LIFETIME FITNESS HABITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATHLETE BIZ DELIVERS LONG-TERM CAREER DEVELOPMENT SUPPORT TO THE PROATHLETE COMMUNITY. THIS IS DELIVERED PRIMARILY BY VOLUNTEER TIME AND TOOLS FROM OUR BOARD MEMBERS AND BUSINESS LEADERS IN THE FORM OF PROFESSIONAL CAREER COACHING AND MENTORING. A WEBSITE WAS CREATED TO SUPPORT THIS SERVICE.
ATHLETE BIZ DELIVERS MULTIPLE AVENUES FOR FANS TO PROVIDE FINANCIAL SUPPORT FOR THEIR FAVORITE ATHLETES VIA ATHLETE BIZ FEATURES, TOOLS AND SERVICES - INCLUDING ATHLETES STORES, CROWDFUNDING CAMPAIGNS, CHARITY CAMPAIGNS AND ATHLETE BOOKING OPTIONS. EXPENSES COVER CREATION AND MAINTENANCE OF THE WEB TOOLS AND STAFF TIME TO HANDLE EACH PROMOTION AND TRANSACTION.
ALL PARTICIPATING ATHLETES RECEIVE A CUSTOMIZED PERSONAL WEB PRESENCE INCLUDING PHOTOS, VIDEO, BIO, MEDIA NEWS CLIPPINGS, A STORE AND OTHER FAN ENGAGEMENT AND FUND-RAISING FEATURES. ATHLETE BIZ ALSO INCLUDES A COMPREHENSIVE BLOGGING FEATURE ON THE PLATFORM. EXPENSES ARE INCURRED IN THE CREATION AND MAINTENANCE OF EACH ATHLETE'S WEB HUB AND ONGOING WEB DEVELOPMENT COSTS. ATHLETE SUPPORT IS ALSO DELIVERED VIA CONSULTING SERVICES FOR ATHLETE REPRESENTATIVE AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Willie Banks Director | Trustee | 0 | $0 |
Joseph Fabris Director | Trustee | 0 | $0 |
Steve Fillebrown Director | Trustee | 0 | $0 |
Robert Fleshner Director | Trustee | 1 | $0 |
Ashley Higginson Director | Trustee | 0 | $0 |
Deena Kastor Director | Trustee | 0 | $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 | $139,108 |
| Noncash contributions included in lines 1a–1f | $123,390 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,108 |
| Total Program Service Revenue | $18,536 |
| Investment income | $33 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,967 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $195,644 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,472 |
| 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 | $103,149 |
| Pension plan accruals and contributions | $3,095 |
| Other employee benefits | $315 |
| Payroll taxes | $7,891 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $872 |
| Fees for services: Accounting | $2,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,902 |
| Advertising and promotion | $4,408 |
| Office expenses | $1,550 |
| Information technology | $6,213 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $57 |
| 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 | $14,468 |
| Insurance | $0 |
| All other expenses | $5 |
| Total functional expenses | $195,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,800 |
| 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 | $46,244 |
| Other assets | $0 |
| Total assets | $93,044 |
| Accounts payable and accrued expenses | $1,299 |
| 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 | $1,299 |
| Net assets without donor restrictions | $91,745 |
| 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 | $93,044 |