Usa Powerlifting Inc
- Assets
- $1.3m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Anchorage, AK
- Founding
- 03/1983
- Data as of
- 12/2022
- EIN
- 64-0667928
Organization Overview
Usa Powerlifting Inc is located in Anchorage, AK. The organization was established in 1983. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, USA Powerlifting Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. USA Powerlifting 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 12/2022, USA Powerlifting Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $3.2m during the year ending 12/2022. While expenses have increased by 29.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AMATEUR ATHLETICS AND TO SUPPORT DRUG FREE POWERLIFTING, LOCALLY, NATIONALLY AND INTERNATIONALLY.PROVIDE RECOGNITION OF MEMBERSHIP AND ACCOMPLISHMENTS IN THE SPORT OF DRUG FREE POWERLIFTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMATEUR ATHLETICS, MEMBERSHIP AND PROMOTION OF DRUG FREE POWERLIFTING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Maile President | OfficerTrustee | 20 | $0 |
Angela Simons Secretary | OfficerTrustee | 20 | $0 |
Crystal Mcgill Treasurer | OfficerTrustee | 20 | $0 |
Johnny Graham Vice President | OfficerTrustee | 20 | $0 |
Priscilla Ribic Executive Director | 20 | $0 | |
Catherine Deak Employee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,344,559 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $155,183 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,499,742 |
| Total Program Service Revenue | $482,118 |
| Investment income | $0 |
| 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 | $0 |
| Net Income from Sales of Inventory | $194,831 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,176,691 |
| 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. | $429,045 |
| Compensation of current officers, directors, key employees. | $287,816 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $38,403 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $368,382 |
| Fees for services: Accounting | $7,542 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,652 |
| Advertising and promotion | $111,000 |
| Office expenses | $3,393 |
| Information technology | $10,445 |
| Royalties | $0 |
| Occupancy | $21,239 |
| Travel | $236,296 |
| 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 | $695 |
| Insurance | $165,223 |
| All other expenses | $59,649 |
| Total functional expenses | $3,180,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $982,633 |
| 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 | $81,667 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $60,295 |
| Investments—publicly traded securities | $138,537 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $530 |
| Total assets | $1,263,662 |
| Accounts payable and accrued expenses | $55,119 |
| 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 | $55,119 |
| Net assets without donor restrictions | $1,208,543 |
| 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 | $1,263,662 |