Spirit Club Foundation
- Assets
- $186.9k
- Revenue
- $224.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Kensington, MD
- Founding
- 09/2015
- Data as of
- 12/2023
- EIN
- 47-4009580
Organization Overview
Spirit Club Foundation is located in Kensington, MD. The organization was established in 2015. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spirit Club 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, Spirit Club Foundation generated $224.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $208.0k during the year ending 12/2023. While expenses have increased by 19.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SPIRIT CLUB FOUNDATION CONTRIBUTES TO HEALTHY COMMUNITIES BY PROVIDING ACCESS TO FITNESS AND WELLNESS SERVICES TAILORED TO PEOPLE WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPIRIT CLUB FOUNDATION PROVIDES GRANTS AND SCHOLARSHIPS TO OFFSET THE COST OF GROUP CLASSES, VIRTUAL PROGRAMMING, PERSONAL TRAINING, ADAPTIVE SWIMMING LESSONS AND TECHNOLOGY/EQUIPMENT FOR PEOPLE WITH DISABILITIES IN THE DC METRO REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Schofield Executive Director | Officer | 40 | $75,000 |
Susan Hoffmann President | OfficerTrustee | 2.5 | $0 |
Steve Allen Vice President | OfficerTrustee | 2.5 | $0 |
Gary L Mcpherson II Treasurer | OfficerTrustee | 2.5 | $0 |
Tigest Alemu Secretary | OfficerTrustee | 2.5 | $0 |
Jared Ciner Board Member | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $40,845 |
| Related organizations | $0 |
| Government grants | $24,666 |
| All other contributions, gifts, grants, and similar amounts not included above | $158,358 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,869 |
| Total Program Service Revenue | $0 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $205 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $224,082 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $58,030 |
| Grants and other assistance to domestic individuals. | $32,628 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,700 |
| Compensation of current officers, directors, key employees. | $8,070 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,979 |
| Advertising and promotion | $507 |
| Office expenses | $255 |
| Information technology | $473 |
| 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 | $150 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,230 |
| All other expenses | $1,489 |
| Total functional expenses | $207,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,747 |
| Savings and temporary cash investments | $72,146 |
| 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 | $186,893 |
| 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 | $143,513 |
| Net assets with donor restrictions | $43,380 |
| 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 | $186,893 |
Grants Awarded
Over the last fiscal year, Spirit Club Foundation has awarded $46,460 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MELWOOD PURPOSE: FITNESS CLASSES | $8,160 |
THE ARC MARYLAND PURPOSE: FITNESS CLASSES | $28,800 |
OURCARE INC PURPOSE: FITNESS CLASSES | $9,500 |