Metropolitan Richmond Sports Backers Inc
- Assets
- $3.2m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 39
- Location
- Richmond, VA
- Founding
- 07/1993
- Data as of
- 06/2023
- EIN
- 54-1592267
Organization Overview
Metropolitan Richmond Sports Backers Inc is located in Richmond, VA. The organization was established in 1993. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 06/2023, Metropolitan Richmond Sports Backers Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metropolitan Richmond Sports Backers 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, Metropolitan Richmond Sports Backers Inc generated $7.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $6.9m during the year ending 06/2023. 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
INSPIRE PEOPLE FROM ALL CORNERS OF OUR COMMUNITY TO LIVE ACTIVELY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPORTS BACKERS WORKED IN THE PAST YEAR TO INSPIRE PEOPLE TO LIVE ACTIVELY IN ALL CORNERS OF THE COMMUNITY. WE ACCOMPLISH THIS MISSION BY ADVOCATING FOR SAFE AND ACCESSIBLE BIKE AND PEDESTRIAN INFRASTRUCTURE; SUPPORTING A NETWORK OF ACTIVE LIVING PARTNERS; PROVIDING GROUP FITNESS ACTIVITIES AND CREATING DIVERSE EVENT OPPORTUNITIES. OUR INNOVATIVE CULTURE FUELS THE GROWTH IN OUR IMPACT ACROSS THE COMMUNITY.
WE WORKED WITH THE COMMUNITY AND LOCAL GOVERNMENTS TO INCREASE SIDEWALKS, CROSSWALKS, AND MULTI-USE TRAILS THROUGHOUT THE REGION. WE HAD GREATLY INCREASED FREE FITNESS CLASSES OFFERED IN UNDERSERVED AREAS TO 41 EVERY WEEK THROUGH OUR FITNESS WARRIORS PROGRAM. DURING THE 2022-2023 SCHOOL YEAR, WE SUPPORTED 59 RUNNING AND FITNESS CLUBS PRIMARILY IN LOW-INCOME SCHOOLS ACROSS THE REGION THAT IMPACT NEARLY 3,000 KIDS.
THE SPORTS BACKERS PROVIDE RESIDENTS OF GREATER RICHMOND WITH ACCESS TO SAFE AND AFFORDABLE ACTIVE LIVING OPPORTUNITIES. AS A RESULT, OUR REGION IS A HEALTHIER AND MORE VIBRANT PLACE TO LIVE, WORK AND PLAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andreas Addison Director | Trustee | 1 | $0 |
Lashrecse Aird Director | Trustee | 1 | $0 |
Neil Agnihotri Director | Trustee | 1 | $0 |
Neil Amin Director | Trustee | 1 | $0 |
Bob Blue Director | Trustee | 1 | $0 |
Don Garber Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Virgo Iii Merchandise For Events | 6/29/23 | $597,641 |
Pd Brooks Traffic Control Event Traffic Assistance | 6/29/23 | $152,050 |
Richmond Police Department Security For Events | 6/29/23 | $141,948 |
Maxwell Medals & Awards Event Medals | 6/29/23 | $127,874 |
Google Inc Internet Advertising | 6/29/23 | $106,913 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $217,129 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,281,536 |
| Noncash contributions included in lines 1a–1f | $104,353 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,498,665 |
| Total Program Service Revenue | $5,458,817 |
| Investment income | $38,300 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,526 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $84,461 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,080,717 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,232 |
| Grants and other assistance to domestic individuals. | $65,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $301,679 |
| Compensation of current officers, directors, key employees. | $75,098 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,953,240 |
| Pension plan accruals and contributions | $83,459 |
| Other employee benefits | $277,785 |
| Payroll taxes | $157,556 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,352 |
| Fees for services: Other | $115,895 |
| Advertising and promotion | $583,325 |
| Office expenses | $15,274 |
| Information technology | $70,556 |
| Royalties | $0 |
| Occupancy | $129,762 |
| Travel | $67,790 |
| 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 | $20,068 |
| Insurance | $198,548 |
| All other expenses | $55,805 |
| Total functional expenses | $6,891,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $865,841 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $448,133 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $109,633 |
| Prepaid expenses and deferred charges | $304,930 |
| Net Land, buildings, and equipment | $36,978 |
| Investments—publicly traded securities | $1,380,278 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $102,165 |
| Total assets | $3,247,958 |
| Accounts payable and accrued expenses | $510,755 |
| Grants payable | $0 |
| Deferred revenue | $930,218 |
| 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 | $147,436 |
| Total liabilities | $1,588,409 |
| Net assets without donor restrictions | $1,172,728 |
| Net assets with donor restrictions | $486,821 |
| 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 | $3,247,958 |