Greater Louisville Sports Commission
- Assets
- $511.8k
- Revenue
- $944.3k
- Investments
- $0.0
- Employees
- 8
- Location
- Louisville, KY
- Founding
- 04/2001
- Data as of
- 06/2021
- EIN
- 61-1365860
Organization Overview
Greater Louisville Sports Commission, operating under the name Louisville Sports Commission, is located in Louisville, KY. The organization was established in 2001. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Louisville Sports Commission employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisville Sports Commission 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 06/2021, Louisville Sports Commission generated $944.3k 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 (11.7%) each year. All expenses for the organization totaled $911.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.5%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE LOUISVILLE SPORTS COMMISSION IS TO PROMOTE ACTIVE LIFESTYLES AND ENHANCE ECONOMIC VITALITY BY ATTRACTING, CREATING, AND HOSTING QUALITY SPORTING EVENTS IN THE LOUISVILLE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION AND SUPPORT FOR THE INTEREST OF SPORTS AND SPORTING ACTIVITIES TO ENHANCE THE QUALITY OF LIFE OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl Schmitt President And CEO | Officer | 40 | $132,397 |
Phil Poindexter Chairman | OfficerTrustee | 5 | $0 |
John Willmoth Immediate Past Chair | OfficerTrustee | 1 | $0 |
Allison Brown Secretary | OfficerTrustee | 2 | $0 |
Leigh Ann Barney Vice Chair | OfficerTrustee | 2 | $0 |
Amber Halloran Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $505,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $630,900 |
| Total Program Service Revenue | $278,187 |
| Investment income | $119 |
| 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 | $35,099 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $944,305 |
| 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. | $148,831 |
| Compensation of current officers, directors, key employees. | $26,789 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $362,731 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $64,050 |
| Payroll taxes | $40,814 |
| 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 | $16,863 |
| Advertising and promotion | $23,743 |
| Office expenses | $7,082 |
| Information technology | $20,051 |
| Royalties | $0 |
| Occupancy | $48,922 |
| Travel | $12,073 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,825 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,822 |
| Total functional expenses | $911,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,250 |
| Savings and temporary cash investments | $158,399 |
| Pledges and grants receivable | $91,150 |
| Accounts receivable, net | $72,370 |
| 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 | $28,640 |
| 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 | $511,809 |
| Accounts payable and accrued expenses | $15,855 |
| Grants payable | $0 |
| Deferred revenue | $245,865 |
| 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 | $280,000 |
| Total liabilities | $541,720 |
| Net assets without donor restrictions | -$138,437 |
| Net assets with donor restrictions | $108,526 |
| 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 | $511,809 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Greater Louisville Sports Commission has recieved totaling $20,005.
| Awarding Organization | Amount |
|---|---|
Norton Healthcare Inc Louisville, KY PURPOSE: Support of promoting healthy lifestyles | $15,000 |
Lewis And Gladys Bass Family Charitable Foundation Inc Louisville, KY PURPOSE: PROMOTE ACTIVELIFESTYLES ANDENHANCE ECONOMIC VITALITYBY ATTRACTING, CREATING, AND HOSTING QUALITY SPORTING EVENTS IN THE LOUISVILLE AREA | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fairfield Glade Community Club Fairfield Glade, TN | $59,504,971 | $24,464,764 |
Recreation Vehicle Industry Association Inc Reston, VA | $74,296,220 | $17,630,703 |
Jewish Community Center Cincinnati, OH | $42,849,507 | $12,688,103 |
Chess Club And Scholastic Center Of Saint Louis St Louis, MO | $6,046,700 | $10,161,436 |
Neighborhood Alliance Lorain, OH | $4,241,501 | $5,326,902 |
Adams Park Community Center St Louis, MO | $0 | $0 |
Swope Corridor Renaissance Upper Room Inc Kansas City, MO | $2,067,798 | $4,562,727 |
Harlem Community Center Machesney Park, IL | $5,122,127 | $2,426,230 |
Joseph Center Forest Park, IL | $745,763 | $2,521,570 |
Salem Community Center Association Inc Salem, OH | $10,935,309 | $2,579,852 |
Louisville Central Community Center Inc Louisville, KY | $9,005,846 | $2,345,144 |
Burkwood Recreation Association Inc Mechanicsville, VA | $4,730,258 | $2,143,788 |