Coaches Honor Inc
- Assets
- $395.5k
- Revenue
- $235.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Neptune Beach, FL
- Founding
- 09/1992
- Data as of
- 12/2023
- EIN
- 59-3073065
Organization Overview
Coaches Honor Inc is located in Neptune Beach, FL. The organization was established in 1992. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2023, Coaches Honor Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coaches Honor 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 12/2023, Coaches Honor Inc generated $235.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $216.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ENCOURAGEMENT AND SUPPORT FOR COACHES THROUGH WEEKLY BIBLE STUDY MEETING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ENCOURAGEMENT AND SUPPORT FOR COACHES THROUGH WEEKLY BIBLE STUDY MEETING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis W Cherry Executive Di | OfficerTrustee | 40 | $64,900 |
Reina Cherry Assistant Di | OfficerTrustee | 40 | $43,900 |
Mrs Molly Berquist Board Member | Trustee | $0 | |
Mr Matthew Berquist Treasurer | OfficerTrustee | $0 | |
Mrs Jamie Surratt Secretary | OfficerTrustee | $0 | |
Mr Steve Surratt Vice Chair | OfficerTrustee | $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 | $142,614 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,614 |
| Total Program Service Revenue | $0 |
| Investment income | $2,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,042 |
| Net Income from Fundraising Events | $76,804 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,037 |
| 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 | $127,134 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,080 |
| Payroll taxes | $4,761 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $729 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,963 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,040 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $3,820 |
| Total functional expenses | $216,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $328,301 |
| 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 | $67,240 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $395,541 |
| Accounts payable and accrued expenses | $15,752 |
| 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 | $15,752 |
| Net assets without donor restrictions | $379,789 |
| 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 | $395,541 |