Palm Beach County Sports Commission
- Assets
- $2.0m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 23
- Location
- West Palm Beach, FL
- Founding
- 05/1996
- Data as of
- 09/2023
- EIN
- 65-0641013
Organization Overview
Palm Beach County Sports Commission is located in West Palm Beach, FL. The organization was established in 1996. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 09/2023, Palm Beach County Sports Commission employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palm Beach County 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 09/2023, Palm Beach County Sports Commission generated $3.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $3.0m during the year ending 09/2023. While expenses have increased by 8.2% 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.
Since 2017, Palm Beach County Sports Commission has awarded 34 individual grants totaling $730,181. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PALM BEACH SPORTS COMMISSION DEVELOPS TOURISM THROUGHOUT SPORTS ACTIVITIES. THE COMMISSION PROMOTES THE COUNTY AS A TOURIST DESTINATION AND SUPPORTS SPORTS EVENTS THAT INCREASES BED TAX REVENUES, ENHANCE ECONOMIC IMPACT AND MAXIMIZES OF THE UTILIZATION OF COUNTY FACILITIES.
Describe the Organization's Program Activity:
SEE STATEMENT # 4
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Mosley President | OfficerTrustee | 5 | $0 |
Bishop W Oshea Granger Vice-President | OfficerTrustee | 5 | $0 |
John Smith Immediate Past President | Trustee | 2 | $0 |
Anthony Lofaso Past President | OfficerTrustee | 2 | $0 |
Stephen Rockoff Secretary/treasurer | OfficerTrustee | 5 | $0 |
George Linley Executive Director | Officer | 40 | $172,008 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,100 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,546,492 |
| All other contributions, gifts, grants, and similar amounts not included above | $370,693 |
| Noncash contributions included in lines 1a–1f | $1,415,585 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,920,285 |
| Total Program Service Revenue | $121,927 |
| 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 | $49,016 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,091,228 |
| 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. | $172,008 |
| Compensation of current officers, directors, key employees. | $56,762 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $721,226 |
| Pension plan accruals and contributions | $96,710 |
| Other employee benefits | $140,662 |
| Payroll taxes | $60,487 |
| 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 | $0 |
| Advertising and promotion | $294,784 |
| Office expenses | $26,314 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $134,398 |
| Travel | $52,239 |
| 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 | $320,273 |
| Total functional expenses | $3,041,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,360,254 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $536,633 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,096 |
| Prepaid expenses and deferred charges | $43,461 |
| 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 | $1,952,444 |
| Accounts payable and accrued expenses | $391,815 |
| 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 | $600,000 |
| Total liabilities | $991,815 |
| Net assets without donor restrictions | $346,698 |
| Net assets with donor restrictions | $613,931 |
| 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 | $1,952,444 |
Grants Awarded
Over the last fiscal year, Palm Beach County Sports Commission has awarded $176,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
PERFECT GAME UDSA INC PURPOSE: WWBA World Champ. | $16,000 |
EQUESTRIAN SPORT PRODUCTIONSLLC PURPOSE: Winter Equestrian | $10,000 |
CHAMPIONSHIP TOURNAMENTS LLC PURPOSE: DPL Winter Showcase | $10,000 |
FANS FIRST ENTERTAINMENT LLC PURPOSE: Bananas Banana Ball Tourney | $10,000 |
PROSPECT SELECT BASEBALL INC PURPOSE: Classic Futures Baseball | $10,000 |
PERFECT GAME USA INC PURPOSE: Perfect Game Summer Series | $20,000 |