Adventure Sports Center Inc
- Assets
- $18.8m
- Revenue
- $31.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Oakland, MD
- Founding
- 11/1999
- Data as of
- 06/2021
- EIN
- 52-2132688
Organization Overview
Adventure Sports Center Inc is located in Oakland, MD. The organization was established in 1999. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adventure Sports Center 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 06/2021, Adventure Sports Center Inc generated $31.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (35.8%) each year. All expenses for the organization totaled $468.9k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVENTURE SPORTS ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASCI SERVED AS A CATALYST FOR GROWING ADVENTURE SPORTS IN GARRETT COUNTY. ASCI INTRODUCED PEOPLE TO ADVENTURE SPORTS WHO MIGHT OTHERWISE HESITATE RAFTING DOWN A WILD RIVER, MOUNTAIN BIKING A REMOTE TRAIL, OR EVEN RUNNING DOWN A TRAIL. OVERALL, ASCI BROUGHT MORE TRAFFIC TO THE MYRIAD OTHER OUTDOOR OFFERINGS IN THE REGION. ASCI REFERRED ITS GUESTS TO VARIOUS ADVENTURES BEYOND ASCI'S OFFERINGS, INCLUDING RAFTING THE WORLD RENOWNED UPPER YOUGHIGHENY RIVER, SKIING AT THE WISP RESORT, FLY FISHING THE NATURAL STREAMS OF GARRETT COUNTY, AND HIKING/BIKING/RUNNING THE GROWING NETWORK OF TRAILS AROUND THE COUNTY. PROVIDED EDUCATIONAL OPPORTUNITIES AND ENHANCED EMPLOYABILITY SKILLS IN ADVENTURE-BASED ACTIVITIES. HELPED TO LAUNCH AND STIMULATE ACTIVITIES TO CREATE INCREASES IN GARRETT COUNTY TOURISM AND RELATED EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Edwards Director/chairman | OfficerTrustee | 0 | $0 |
Ryan Savage Director | OfficerTrustee | 0 | $0 |
Larry Tichnell Director | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,723 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,420 |
| 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 | $31,143 |
| Statement of Expenses | |
|---|---|
| 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 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 | $9,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $380,095 |
| Insurance | $20,259 |
| All other expenses | $0 |
| Total functional expenses | $468,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $651,361 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,179 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,788,183 |
| Accounts payable and accrued expenses | $2,731 |
| 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 | $3,742,424 |
| Total liabilities | $3,745,155 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $15,043,028 |