Pensacola Sports Association Foundation Inc
- Assets
- $2.8m
- Revenue
- $2.0m
- Investments
- $1.8m
- Employees
- 0
- Location
- Pensacola, FL
- Founding
- 09/1981
- Data as of
- 09/2023
- EIN
- 59-2113050
Organization Overview
Pensacola Sports Association Foundation Inc is located in Pensacola, FL. The organization was established in 1981. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Pensacola Sports Association Foundation 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 09/2023, Pensacola Sports Association Foundation Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $1.8m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Pensacola Sports Association Foundation Inc has awarded 94 individual grants totaling $409,208. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SHOWCASES THE UNIQUE ASSETS OF THE NORTHWEST FLORIDA REGION BY MANAGING ATHLETIC EVENTS INCLUDING THE PENSACOLA DOUBLE BRIDGE RUN, THE BUD LIGHT CHARITY TENNIS CHALLENGE AND THE PENSACOLA HIGH SCHOOL ALL-STAR SERIES.
THE ORGANIZATION IS COMMITTED TO GROWING THE HEALTH OF THE LOCAL ECONOMY THROUGH PROMOTION OF SPORTS TOURISM. PSA WORKS WITH EVENT PROMOTERS LOCALLY AND NATIONALLY TO GENERATE REVENUE FOR THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Mcphail Past Chairman | 2 | $0 | |
Jim Beran Chairman | 2 | $0 | |
Douglas Bates Chairman-Elect | 2 | $0 | |
Brooke Forester Vice Chair Sports Events | 2 | $0 | |
Daniel Herman Vice Chair Finance | 2 | $0 | |
Robby Rushing Vice Chair Tdc Affairs | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $361,465 |
| Interest on Savings | $0 |
| Dividends & Interest | $78,371 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,933 |
| Capital Gain Net Income | $4,933 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,571,514 |
| Total Revenue | $2,016,283 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $182,250 |
| Other employee salaries and wages | $289,280 |
| Pension plans, employee benefits | $52,880 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $12,087 |
| Occupancy | $51,252 |
| Travel, conferences, and meetings | $42,726 |
| Printing and publications | $0 |
| Other expenses | $970,963 |
| Total operating and administrative expenses | $1,702,362 |
| Contributions, gifts, grants paid | $64,150 |
| Total expenses and disbursements | $1,766,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $880,262 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $45,177 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,102 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,782,058 |
| Net Land, buildings, and equipment | $45,379 |
| Other assets | $0 |
| Total assets | $2,769,978 |
| Accounts payable and accrued expenses | $62,062 |
| Grants payable | $0 |
| Deferred revenue | $97,030 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $159,092 |
Grants Awarded
Over the last fiscal year, Pensacola Sports Association Foundation Inc has awarded $64,150 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ARC GATEWAY FOUNDATION PURPOSE: DONATION FOR TENNIS TOURNAMENT | $5,000 |
FIRST TEE GULF COAST PURPOSE: GRANT FOR DIVOT DERBY $6,000 & SKILLS CHALLENGE $1,500 | $7,500 |
GREATER PENSACOLA ACQUATIC CLUB PURPOSE: 2023 GPAC WINTER INVITATIONAL GRANT AWARD | $1,000 |
UWF FOUNDATION INC PURPOSE: SUPPORT FOR ATHLETICS | $400 |
WASHINGTON HIGH SCHOOL - SOFTBALL PURPOSE: DONATIONS FOR RACE | $440 |
RALLY FOUNDATION FOR CHILDHOOD CANCER RESEARCH PURPOSE: DONATION | $100 |