Arlington Sports Inc
- Assets
- $64.7k
- Revenue
- $424.1k
- Investments
- $1.8k
- Employees
- 3
- Location
- Washington, DC
- Founding
- 01/1999
- Data as of
- 10/2023
- EIN
- 54-1919237
Organization Overview
Arlington Sports Inc is located in Washington, DC. The organization was established in 1999. According to its NTEE Classification (N71) the organization is classified as: Olympics, under the broad grouping of Recreation & Sports and related organizations. As of 10/2023, Arlington Sports Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arlington Sports 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 10/2023, Arlington Sports Inc generated $424.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $396.6k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 8 years. 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
SEE ATTACHED
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMATEUR AND PROFESSIONAL BIKE RACES (SEE ATTACHED)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Laybourn President | Officer | 25 | $15,000 |
Gred Deweese Director | Trustee | 1 | $0 |
Tim Peters Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $262,248 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,248 |
| Total Program Service Revenue | $161,710 |
| Investment income | $98 |
| 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 | $424,056 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $15,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,420 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,186 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $150 |
| Fees for services: Other | $47,216 |
| Advertising and promotion | $0 |
| Office expenses | $237 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,910 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $44 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $844 |
| All other expenses | $0 |
| Total functional expenses | $396,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,305 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,160 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,803 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,418 |
| Total assets | $64,686 |
| 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 | $19,500 |
| Other liabilities | $0 |
| Total liabilities | $19,500 |
| Net assets without donor restrictions | $45,186 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $64,686 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Washington Partnership Washington, DC | $14,118,810 | $9,841,012 |
Whaler Nation Inc Chesapeake, VA | $537,520 | $1,257,161 |
Coast Guard Blue Dolphins Swim Club Yorktown, VA | $906 | $1,085,434 |
Arlington Sports Inc Washington, DC | $64,686 | $424,056 |
Positive Youth Network Inc Ashburn, VA | $372,897 | $338,662 |
Palma Promotions Inc Mineral, VA | $0 | $0 |
High Performance Equestrian Foundation Middleburg, VA | $16,023 | $0 |