Sports Outreach Institute Inc
- Assets
- $500.0k
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 10
- Location
- Lynchburg, VA
- Founding
- 04/1989
- Data as of
- 06/2023
- 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 06/2023, Sports Outreach Institute Inc employed 10 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 06/2023, Sports Outreach Institute Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $2.5m during the year ending 06/2023. While expenses have increased by 4.4% 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
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 | $112,098 |
E Bishop Beall Board Member | Trustee | 5 | $0 |
Nicki Kennedy Board Member | Trustee | 0 | $0 |
Steven Petit Board Member | Trustee | 0 | $0 |
Gui Peres Board Member | Trustee | 4 | $0 |
Dan Walker Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,560 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,514,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,524,410 |
| Total Program Service Revenue | $0 |
| Investment income | $19,264 |
| 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 | $145,600 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,689,274 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,241 |
| Grants and other assistance to domestic individuals. | $101,402 |
| Grants and other assistance to Foreign Orgs/Individuals | $924,224 |
| 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 | $567,882 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,521 |
| Payroll taxes | $38,857 |
| 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 | $5,585 |
| Advertising and promotion | $3,545 |
| Office expenses | $13,023 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $429,916 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,203 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,171 |
| Insurance | $15,057 |
| All other expenses | $233,752 |
| Total functional expenses | $2,482,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,196 |
| 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 | $531 |
| Prepaid expenses and deferred charges | $2,025 |
| Net Land, buildings, and equipment | $160,261 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $205,947 |
| Total assets | $499,960 |
| Accounts payable and accrued expenses | $313 |
| 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 | $76,830 |
| Other liabilities | $17,104 |
| Total liabilities | $94,247 |
| Net assets without donor restrictions | $371,125 |
| Net assets with donor restrictions | $34,588 |
| 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 | $499,960 |