Sports Outreach Institute Inc
- Assets
- $222.1k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Lynchburg, VA
- Founding
- 04/1989
- Data as of
- 06/2022
- EIN
- 54-1479310
Organization Overview
Sports Outreach Institute Inc is located in Lynchburg, VA. The organization was established in 1989. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 06/2022, Sports Outreach Institute Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sports Outreach Institute 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 06/2022, Sports Outreach Institute Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 2.4% per year over the past 7 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 PROVIDE HUMANITARIAN AID, EDUCATION, HEALTH & FITNESS, FACILITIES & EQUIPMENT WHILE PROMOTING THE PRINCIPLES OF CHRISTIANITY AND THE GOSPEL OF JESUS CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTHER PROGRAM EXPENSES
OMETEPEC, MEXICO- PROVIDED SPORTS EQUIPMENT, CLOTHING, VOCATIONAL (FARM) EQUIPMENT, CONSTRUCTION, VOCATIONAL TRAINING, PRIMARY EDUCATION, PUBLIC HEALTH, MEDICAL AID, AND FOOD
KAMPALA, UGANDA- PROVIDED SPORTS EQUIPMENT, CLOTHING, VOCATIONAL (FARM) EQUIPMENT, CONSTRUCTION, VOCATIONAL TRAINING, PRIMARY EDUCATION, PUBLIC HEALTH, MEDICAL AID, AND FOOD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sal Ferlise CEO | OfficerTrustee | 40 | $103,331 |
Cliff Lundberg Chairman | OfficerTrustee | 20 | $0 |
Robby Conn Secretary | OfficerTrustee | 5 | $0 |
Casey Roberts Vice-Chairman | OfficerTrustee | 5 | $0 |
Chris Hayek Treasurer | OfficerTrustee | 4 | $0 |
Gui Peres Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,877 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,092,724 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,102,601 |
| Total Program Service Revenue | $0 |
| Investment income | $22 |
| 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 | $2,102,623 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,570 |
| Grants and other assistance to domestic individuals. | $57,665 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,013,484 |
| 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 | $457,160 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,193 |
| Payroll taxes | $30,393 |
| 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 | $4,789 |
| Advertising and promotion | $1,429 |
| Office expenses | $7,802 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $175,082 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $437 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,510 |
| Insurance | $12,933 |
| All other expenses | $207,740 |
| Total functional expenses | $2,069,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,981 |
| 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 | $2,163 |
| Net Land, buildings, and equipment | $29,921 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $222,065 |
| Accounts payable and accrued expenses | $4,859 |
| 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 | $18,171 |
| Total liabilities | $23,030 |
| Net assets without donor restrictions | $10,689 |
| Net assets with donor restrictions | $188,346 |
| 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 | $222,065 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sports Outreach Institute Inc has recieved totaling $40,790.
| Awarding Organization | Amount |
|---|---|
Freedom 4-24 Lynchburg, VA PURPOSE: For exempt purposes | $40,790 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Baptist Childrens Home And Family Services Salem, VA | $22,485,858 | $18,159,448 |
Catholic Charities Of Louisville Inc Louisville, KY | $10,972,807 | $15,581,081 |
Educare Dc Washington Dc, DC | $20,810,624 | $14,867,843 |
Youth Services System Inc Wheeling, WV | $12,303,139 | $14,112,236 |
Sasha Bruce Youthwork Inc Washington, DC | $9,241,536 | $13,751,590 |
Alliance For Early Success Washington, DC | $17,838,939 | $14,007,365 |
The National Campaign To Prevent Teen And Unplanned Pregnancy Washington, DC | $24,202,088 | $6,719,135 |
Covenant House Washington Dc Washington, DC | $6,674,946 | $9,839,664 |
Black Mountain Home For Children Youth & Families Inc Black Mountain, NC | $24,547,836 | $8,011,871 |
Edward C Mazique Parent Child Center Inc Of The District Of Colu Washington, DC | $3,949,919 | $7,298,207 |
Young Adult Development In Action Louisville, KY | $4,985,121 | $4,629,154 |
The Relatives Inc Charlotte, NC | $10,931,740 | $4,539,986 |