Palmetto Baseball League Inc
- Assets
- $2.0m
- Revenue
- $389.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 12/1995
- Data as of
- 12/2022
- EIN
- 57-0964942
Organization Overview
Palmetto Baseball League Inc is located in Columbia, SC. The organization was established in 1995. According to its NTEE Classification (N63) the organization is classified as: Baseball & Softball, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palmetto Baseball League 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 12/2022, Palmetto Baseball League Inc generated $389.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $246.1k during the year ending 12/2022. While expenses have increased by 12.3% per year over the past 7 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
PROMOTION OF YOUTH BASEBALL
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PALMETTO BASEBALL LEAGUE WAS FORMED TO DEVELOP, PROMOTE, DIRECT AND FOSTER BASEBALL AMONG BOYS AND GIRLS BETWEEN THE AGES OF SEVEN AND TWELVE YEARS TO PROVIDE INSTRUCTION AND SPORTSMANLIKE COMPETITION. FORMED IN 1956, THE LEAGUE CURRENTLY HAS APPROXIMATELY 330 BOYS AND GIRLS PARTICIPATING ON ONE OF THE 66 TEAMS WE FIELD. THE PLAYERS ARE GROUPED BY AGES INTO THREE DIVISIONS AND, DEPENDING ON THE AGE GROUP, PLAY BETWEEN 14 AND 18 GAMES DURING THE REGULAR SEASON. EACH CHILD MUST PLAY IN ALL GAMES FOR WHICH HE/SHE IS IN ATTENDANCE. DOUBLE ELIMINATION PLAY-OFF TOURNAMENTS ARE HELD FOR EACH DIVISION AND FOLLOWING THE TOURNAMENT CHAMPIONSHIP GAMES, A FAMILY PICNIC AND AWARDS CEREMONY ARE HELD. THE LEAGUE FUNCTIONS SOLELY ON THE BASIS OF DEDICATED INDIVIDUALS WHO VOLUNTEER THEIR TIME, ENERGY, AND MONIES TO PROVIDE GUIDANCE TO OUR CHILDREN. OUR COACHES PROVIDE EXCELLENT INSTRUCTION TO IMPROVE THE BASIC SKILLS OF OUR CHILDREN. HOWEVER, THIS IS SECONDARY TO THE GROWTH AND DEVELOPMENT OF GOOD SPORTSMANSHIP IN OUR PLAYERS.
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 |
|---|---|---|---|
Joe Walker Board Member | Trustee | 1 | $0 |
Rmontague Laffitte Board Member | Trustee | 1 | $0 |
Drew Richardson Board Member | Trustee | 1 | $0 |
Trey Fudger Board Member | Trustee | 1 | $0 |
Dale Ness Board Member | Trustee | 1 | $0 |
Holt Chetwood Board Member | 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 | $69,836 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,836 |
| Total Program Service Revenue | $280,460 |
| Investment income | $2 |
| 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 | $39,508 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $389,806 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,280 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,514 |
| Insurance | $4,512 |
| All other expenses | $63,016 |
| Total functional expenses | $246,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251,749 |
| 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 | $1,756,597 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,008,346 |
| 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 | $332,670 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $332,670 |
| Net assets without donor restrictions | $1,675,676 |
| 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 | $2,008,346 |