Track Shack Youth Foundation Inc
- Assets
- $194.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 02/1996
- Data as of
- 12/2023
- EIN
- 59-3306035
Organization Overview
Track Shack Youth Foundation Inc is located in Orlando, FL. The organization was established in 1996. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Track Shack Youth 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 12/2023, Track Shack Youth Foundation Inc generated $141.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $85.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION WAS ESTABLISHED IN 1994 FOR THE PURPOSE OF PROMOTING AND ENCOURAGING HEALTH AND FITNESS WITH AN EMPHASIS ON YOUTH PROGRAMS THROUGHOUT THE GREATER CENTRAL FLORIDA COMMUNITY INCLUDING ORANGE, OSCEOLA, LAKE, SEMINOLE, BREVARD, AND VOLUSIA COUNTIES. TO DATE SINCE ITS INCEPTION, THE FOUNDATION HAS CONTRIBUTED OVER TWO MILLION DOLLARS TO COMMUNITY PROGRAMS. WE CURRENTLY RECEIVE THE MAJORITY OF OUR CONTRIBUTIONS FROM TRACK SHACK FITNESS CLUB, A SEPARATE 501(C)3 ORGANIZATION,WHICH RAISES FUNDS FROM LOCAL RACE EVENTS THEY PRODUCE. WE ALSO RECEIVE CONTRIBUTIONS FROM OTHER ORGANIZATIONS AND INDIVIDUALS OUTSIDE OF THE RACE EVENTS. CONTRIBUTIONS ARE USED TO PROVIDE GRANTS TO SCHOOL-BASED YOUTH ATHLETIC PROGRAMS, CHARITABLE YOUTH RUNNING AND SPORTS ORGANIZATIONS AND OTHER WORTHY CHARITABLE ORGANIZATIONS.IT IS OUR FEELING THAT SPORTS AND ORGANIZED ATHLETIC PROGRAMS OFFER CHILDREN STRUCTURE AND GOALS, WHICH ARE VITAL TO MENTAL AND PHYSICAL DEVELOPMENT. UNFORTUNEATLY, MANY SCHOOLS AND CHARITABLE ORGANIZATIONS HAVE TO CUT BACK OR EVEN ELIMINATE SPORTS/ATHLETIC PROGRAMS DUE TO LACK OF FUNDING. IT IS OUR INTENTION THAT THROUGH THE FINANCIAL SUPPORT OF YOUT PROGRAMS, CHILDREN WILL BUILD SELF-ESTEEM AND CONFIDENCE, FOSTER HEALTHY AND WHOLESOME HABITS, AND DEVELOP LEADERSHIP AND COOPERATIONS SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Chevalier Board Member | 1 | $0 | |
Susan Godorov Board Member | 1 | $0 | |
Betsy Ryan Board Member | 1 | $0 | |
Rebecca Church Board Member | 1 | $0 | |
Tonja Williams Board Member | 1 | $0 | |
Paul Gidus Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,778 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,560 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $141,338 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $33 |
| Other expenses | $6,269 |
| Total expenses | $85,561 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $194,103 |
| Other assets | $0 |
| Total assets | $194,103 |
| Total liabilities | $0 |
| Net assets or fund balances | $194,103 |