International Boxing Federation Inc
- Assets
- $4.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Springfield, NJ
- Founding
- 07/2003
- Data as of
- 12/2022
- 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 12/2022, International Boxing Federation Inc employed 5 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 12/2022, International Boxing Federation Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 2.2% 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
2022
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daryl J Peoples President/director | OfficerTrustee | 40 | $241,843 |
Carlos Ortiz Jr Championship Chairman/dir | OfficerTrustee | 40 | $47,696 |
George Martinez Ratings Chairman | OfficerTrustee | 20 | $82,800 |
Randy Neumann Treasurer/director | OfficerTrustee | 1 | $11,300 |
Ben Keilty Vice Chair-Ratings Chair/d | OfficerTrustee | 20 | $21,500 |
Melvina Lathan Director | Trustee | 1 | $11,300 |
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 | $7,585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,585 |
| Total Program Service Revenue | $2,393,924 |
| Investment income | $78,446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35,343 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,444,612 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,679 |
| Grants and other assistance to domestic individuals. | $9,867 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $460,239 |
| Compensation of current officers, directors, key employees. | $9,205 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $157,947 |
| Pension plan accruals and contributions | $13,245 |
| Other employee benefits | $117,328 |
| Payroll taxes | $31,311 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $68,400 |
| Fees for services: Accounting | $21,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,979 |
| Office expenses | $19,480 |
| Information technology | $43,269 |
| Royalties | $0 |
| Occupancy | $83,654 |
| Travel | $2,050 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $295,818 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,204 |
| Insurance | $45,222 |
| All other expenses | $28,539 |
| Total functional expenses | $1,678,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,412,119 |
| Savings and temporary cash investments | $280,115 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,132 |
| 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 | $134,115 |
| Net Land, buildings, and equipment | $81 |
| Investments—publicly traded securities | $2,649,927 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,608 |
| Total assets | $4,498,097 |
| Accounts payable and accrued expenses | $11,896 |
| Grants payable | $0 |
| Deferred revenue | $24,500 |
| 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 | $139,601 |
| Total liabilities | $175,997 |
| Net assets without donor restrictions | $4,240,153 |
| Net assets with donor restrictions | $81,947 |
| 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 | $4,498,097 |
Grants Awarded
Over the last fiscal year, International Boxing Federation Inc has awarded $20,800 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ASSOCIATION FOR THE IMPROVEMENT OF BOXING PURPOSE: GENERAL SUPPORT | $5,300 |
INTERNATIONAL BOXING HALL OF FAME PURPOSE: GENERAL SUPPORT | $10,000 |
USA BOXING PURPOSE: GENERAL SUPPORT | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Lacrosse League Inc Philadelphia, PA | $3,996,602 | $9,804,012 |
New York Mets Foundation Inc Flushing, NY | $0 | $41,867 |
International Boxing Federation Inc Springfield, NJ | $4,498,097 | $2,444,612 |
Fwc2026 Us Inc Wilmington, DE | $279,093 | $1,109,948 |
South Jersey Hockey Club Inc Sicklerville, NJ | $328,556 | $659,733 |
Little League Baseball Inc Brick, NJ | $112,701 | $276,518 |
Atlantic East Conference Association Lancaster, PA | $126,306 | $293,413 |
Community For Pittsburgh Ultimate Pittsburgh, PA | $52,816 | $190,988 |
Kennett Community Wrestling Club Kennett Square, PA | $27,536 | $0 |
Freeport Area Soccer Association Sarver, PA | $19,997 | $0 |
Fair Haven Community Baseball Inc Fair Haven, NJ | $2,979 | $0 |
Linwood Baseball Association Inc Linwood, NJ | $51,370 | $0 |
Warwick Youth Lacrosse Club Inc Warwick, NY | $15,543 | $0 |
Nwhl Foundation Inc Brooklyn, NY | $5,838 | $0 |
Newton Hockey Program Inc Newton, NJ | $0 | $0 |