Charlotte Touchdown Club
- Assets
- $2.1m
- Revenue
- $800.2k
- Investments
- $1.4m
- Employees
- 3
- Location
- Charlotte, NC
- Founding
- 06/1994
- Data as of
- 03/2023
- EIN
- 56-1854461
Organization Overview
Charlotte Touchdown Club is located in Charlotte, NC. The organization was established in 1994. 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 03/2024, Charlotte Touchdown Club employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlotte Touchdown Club 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 03/2023, Charlotte Touchdown Club generated $800.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $933.3k during the year ending 03/2023. 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
TO PROMOTE CITIZENSHIP AND SPORTSMANSHIP IN THE CHARLOTTE, NORTH CAROLINA AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE ATHLETICS THROUGHOUT THE REGION BY PROVIDING SCHOLARSHIPS AND GRANTS TO COLLEGE AND HIGH SCHOOL ATHLETIC PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Lowe President | OfficerTrustee | 0 | $0 |
Ronald George Vance Treasurer | OfficerTrustee | 0 | $0 |
Josh Schlechty Secretary | OfficerTrustee | 0 | $0 |
Tom Hughes Jr Board Member | Trustee | 0 | $0 |
Al Jacobs Vice President | OfficerTrustee | 0 | $0 |
Roddy Broadnax Board Member | Trustee | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $798,494 |
| Investment income | $804 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $882 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $800,180 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $50,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $248,430 |
| Compensation of current officers, directors, key employees. | $24,843 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,673 |
| Pension plan accruals and contributions | $497 |
| Other employee benefits | $66,682 |
| Payroll taxes | $20,606 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $53,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,027 |
| Advertising and promotion | $0 |
| Office expenses | $65,786 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,683 |
| Travel | $2,413 |
| 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 | $12,911 |
| Insurance | $0 |
| All other expenses | -$4,287 |
| Total functional expenses | $933,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $304,588 |
| Savings and temporary cash investments | $41,002 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,424 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $268,512 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $39,810 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,389,242 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,717 |
| Total assets | $2,145,295 |
| Accounts payable and accrued expenses | $5,763 |
| 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 | $0 |
| Other liabilities | $11,463 |
| Total liabilities | $17,226 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $697,826 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,430,243 |
| Total liabilities and net assets/fund balances | $2,145,295 |