International Boxing Federation Inc
- Assets
- $5.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 6
- Location
- Springfield, NJ
- Founding
- 07/2003
- Data as of
- 12/2021
- EIN
- 55-0798090
Organization Overview
International Boxing Federation Inc is located in Springfield, NJ. The organization was established in 2003. According to its NTEE Classification (N80) the organization is classified as: Professional Athletic Leagues, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, International Boxing Federation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Boxing Federation Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, International Boxing Federation Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. 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
BOXING REGULATIONS & RATINGS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FEDERATION PERFORMS CONTINUING ACTIVITIES REGARDING BOXING: IE: ESTABLISHES, UPDATES, & ENFORCES RULES & REGULATIONS; SANCTIONS & SUPERVISES CHAMPIONSHIP BOXING EVENTS; RATES INDIVIDUAL BOXERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daryl J Peoples President/director | OfficerTrustee | 40 | $225,800 |
Anibal Miramontes Ratings Chairman- Deceased Aug 2021 | OfficerTrustee | 40 | $76,923 |
George Martinez Ratings Chairman- From Sept 2021 | OfficerTrustee | 40 | $29,225 |
Carlos Ortiz Jr Championship Chairman/dir | OfficerTrustee | 9 | $14,256 |
Randy Neumann Treasurer/director | OfficerTrustee | 3 | $8,225 |
Melvina Lathan Director | Trustee | 1 | $8,225 |
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 | $1,905 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,905 |
| Total Program Service Revenue | $1,385,062 |
| Investment income | $53,133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,051 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,464,151 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,609 |
| Grants and other assistance to domestic individuals. | $12,427 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $386,604 |
| Compensation of current officers, directors, key employees. | $7,732 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,750 |
| Pension plan accruals and contributions | $10,152 |
| Other employee benefits | $103,524 |
| Payroll taxes | $30,826 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,000 |
| Fees for services: Accounting | $20,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,300 |
| Office expenses | $12,900 |
| Information technology | $32,379 |
| Royalties | $0 |
| Occupancy | $70,157 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,787 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,051 |
| Insurance | $45,136 |
| All other expenses | $24,942 |
| Total functional expenses | $1,057,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,760,343 |
| Savings and temporary cash investments | $279,975 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $85,450 |
| 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 | $94,973 |
| Net Land, buildings, and equipment | $385 |
| Investments—publicly traded securities | $2,891,596 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,050 |
| Total assets | $5,145,772 |
| Accounts payable and accrued expenses | $45,479 |
| Grants payable | $0 |
| Deferred revenue | $20,740 |
| 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 | $1,266,428 |
| Total liabilities | $1,332,647 |
| Net assets without donor restrictions | $3,749,863 |
| Net assets with donor restrictions | $63,262 |
| 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 | $5,145,772 |
Grants Awarded
Over the last fiscal year, International Boxing Federation Inc has awarded $20,800 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Canastota, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $5,500 |
Greenwich, CT PURPOSE: GENERAL SUPPORT | $5,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Lacrosse League Inc Philadelphia, PA | $5,401,015 | $9,351,322 |
New York Mets Foundation Inc Flushing, NY | $3,242,253 | $1,313,694 |
International Boxing Federation Inc Springfield, NJ | $5,145,772 | $1,464,151 |
Flyers Voorhees Youth Hockey Club Inc Sicklerville, NJ | $329,831 | $561,649 |
Atlantic East Conference Association Lancaster, PA | $94,546 | $259,274 |
Little League Baseball Inc Brick, NJ | $105,285 | $277,227 |
Community For Pittsburgh Ultimate Pittsburgh, PA | $87,416 | $103,223 |
Kennett Community Wrestling Club Kennett Square, PA | $17,725 | $0 |
Freeport Area Soccer Association Sarver, PA | $17,856 | $0 |
Fair Haven Community Baseball Inc Fair Haven, NJ | $48,014 | $0 |
Linwood Baseball Association Inc Linwood, NJ | $51,370 | $0 |
Warwick Youth Lacrosse Club Inc Warwick, NY | $17,891 | $0 |