Tennessee Sports Foundation
- Assets
- $426.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Jackson, TN
- Founding
- 08/2009
- Data as of
- 12/2022
- EIN
- 62-1585733
Organization Overview
Tennessee Sports Foundation is located in Jackson, TN. The organization was established in 2009. According to its NTEE Classification (N61) the organization is classified as: Fishing & Hunting, 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. Tennessee Sports Foundation is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Tennessee Sports Foundation generated $48.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $27.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 7 years. 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
2022
Describe the Organization's Program Activity:
Part 3
THE MAIN PURPOSE OF THIS ORGANIZATION IS THE PROMOTION OF INTERNATIONAL COMPETITION IN COOPERATION WITH THE UNITED STATES OLYMPIC TRAINING CENTER, COLORADO SPRINGS, COLORADO, THROUGH GRANTS TO PROMISING COMPETITORS OF US CITIZENSHIP; THE DEVELOPMENT OF FACILITIES SUITABLE FOR TRAINING OF ATHLETES ENGAGED IN INTERNATIONAL COMPETITION; ENCOURAGEMENT AND PROMOTION OF SAFETY IN THE SHOOTING SPORTS THROUGH EDUCATIONAL COURSES OF INSTRUCTION AND SUPERVISED ACTIVITIES; AND TO FORWARD THE DEVELOPMENT OF THOSE CHARACTERISTICS OF HONESTY, GOOD FELLOWSHIP, SELF-DISCIPLINE, AND THE FOUNDATION OF TRUE PATRIOTISM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Vaughn Board Member | 1 | $0 | |
Marc Byrum Board Member | 1 | $0 | |
Tom Ladd Treasurer | 1 | $0 | |
Butch Browning Secretary | 1 | $0 | |
Marty Clements Board Member | 1 | $0 | |
Patrick Middleton Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,500 |
| Total Program Service Revenue | $5,681 |
| Membership dues | $40,160 |
| Investment income | $70 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $170 |
| Total Revenue | $48,581 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $4,343 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,506 |
| Total expenses | $27,849 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $97,497 |
| Other assets | $0 |
| Total assets | $426,472 |
| Total liabilities | $96,304 |
| Net assets or fund balances | $330,168 |