Pensacola Sports Association Inc
- Assets
- $0.0
- Revenue
- $483.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Pensacola, FL
- Founding
- 07/1959
- Data as of
- 12/2020
- EIN
- 59-0767953
Organization Overview
Pensacola Sports Association Inc is located in Pensacola, FL. The organization was established in 1959. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 12/2020, Pensacola Sports Association Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pensacola Sports Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2020, Pensacola Sports Association Inc generated $483.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $404.2k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (22.7%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO WORK WITH INTERNATIONAL, NATIONAL, STATE AND LOCAL GOVERNMENTS AND OTHER PUBLIC AND PRIVATE ENTITIES IN THE DEVELOPMENT, ORGANIZATION, BIDDING, ADVERTISING, PROMOTION, ENCOURAGEMENT, HOSTING AND THE OPERATION OF AMATEUR AND PROFESSIONAL SPORTS IN NORTHWEST FLORIDA FOR THE PURPOSE OF REGIONAL ECONOMIC DEVELOPMENT (SPORTS ECONOMIC DEVELOPMENT).
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPORTS MARKETING ACTIVITIES - ACCOMPLISHED THE GOAL OF ATTRACTING OTHER REGIONAL AND NATIONAL EVENTS TO THE PENSACOLA AREA WHICH WILL BENEFIT THE ENTIRE COMMUNITY.
VARIOUS EVENTS WERE HELD TO PROMOTE LOCAL SPORTING EVENTS THAT BROUGHT PLAYERS AND SPECTATORS TO THE LCOAL AREA AND CREATED OPPORTUNITIES FOR LOCAL ATHLETES TO BE RECOGNIZED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evan Malone Vice Chair | OfficerTrustee | 1 | $0 |
Janet Olliff Vice Chair - Sp | OfficerTrustee | 1 | $0 |
Will Moore Director | OfficerTrustee | 1 | $0 |
Michael Capps Director | Trustee | 1 | $0 |
Michael Clarke Director | Trustee | 1 | $0 |
Will Condon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,410 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,454 |
| Noncash contributions included in lines 1a–1f | $9,870 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,864 |
| Total Program Service Revenue | $276,911 |
| Investment income | $19,613 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,126 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $483,474 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,100 |
| 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. | $33,781 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,326 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,907 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,605 |
| Office expenses | $15,185 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,177 |
| Travel | $238 |
| 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 | $3,644 |
| Insurance | $4,469 |
| All other expenses | $7,421 |
| Total functional expenses | $404,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Pensacola Sports Association Inc has awarded $79,811 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WEST FL FOUNDATION PURPOSE: ATHLETIC SPTS CENTER | $50,000 |
PENSACOLA SPORTS ASSOC FOUNDATION | | | $29,811 |