Houston Marathon Committee
- Assets
- $3.7m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 13
- Location
- Houston, TX
- Founding
- 09/1987
- Data as of
- 04/2023
- EIN
- 76-0040848
Organization Overview
Houston Marathon Committee is located in Houston, TX. The organization was established in 1987. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 04/2023, Houston Marathon Committee employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Marathon Committee is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 04/2023, Houston Marathon Committee generated $6.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $6.0m during the year ending 04/2023. While expenses have increased by 0.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZE AN ANNUAL MULTI-RACE RUNNING EVENT THAT EMBODIES THE SPIRIT OF HOUSTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HMC ANNUALLY ORGANIZES THE NATION'S PREMIER WINTER MARATHON, HALF-MARATHON, AND 5K. OVER 300,000 PARTICIPANTS, VOLUNTEERS, AND SPECTATORS MAKE HOUSTON MARATHON RACE DAY THE LARGEST SINGLE-DAY SPORTING EVENT IN HOUSTON. THE HOUSTON ANNUAL RUNNING EVENT IS HELD ON A WEEKEND IN JANUARY. THE EVENT INCLUDES THE HOUSTON MARATHON (APPROXIMATELY 10,000 RUNNERS), THE HOUSTON HALF-MARATHON (APPROXIMATELY 13,500 RUNNERS), AND A 5K RACE (APPROXIMATELY 5,000 RUNNERS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brant Kotch President | OfficerTrustee | 3 | $0 |
Elijio Serrano Vice President | OfficerTrustee | 3 | $0 |
Charlie Bass Treasurer | OfficerTrustee | 3 | $0 |
Subbu Venkat Secretary | OfficerTrustee | 3 | $0 |
Tracey Anthony Director | Trustee | 3 | $0 |
Mike Atkins Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
City Of Houston Staff And Resources | 4/29/23 | $386,071 |
Ktrk Television Broadcasting & Advertising Services | 4/29/23 | $176,336 |
Smashbox Creative Promotional Services | 4/29/23 | $146,168 |
Direct Staging And Seating Fencing/scaffolding Set-up Service | 4/29/23 | $125,367 |
Network Application Architects Results/timing & Technical Services | 4/29/23 | $194,301 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,817,464 |
| Noncash contributions included in lines 1a–1f | $365,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,817,464 |
| Total Program Service Revenue | $4,651,561 |
| Investment income | $38,684 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,820 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,502,889 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $66,967 |
| 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. | $219,134 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $866,781 |
| Pension plan accruals and contributions | $28,955 |
| Other employee benefits | $92,577 |
| Payroll taxes | $88,248 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $875 |
| Fees for services: Accounting | $9,053 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,463 |
| Fees for services: Other | $30,978 |
| Advertising and promotion | $464,186 |
| Office expenses | $44,478 |
| Information technology | $34,190 |
| Royalties | $0 |
| Occupancy | $287,906 |
| Travel | $14,259 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,838 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $78,435 |
| All other expenses | $347,613 |
| Total functional expenses | $5,972,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,962,462 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,165 |
| 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 | $49,213 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,596,373 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,206 |
| Total assets | $3,673,419 |
| Accounts payable and accrued expenses | $42,309 |
| Grants payable | $0 |
| Deferred revenue | $965,696 |
| 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 | $1,008,005 |
| Net assets without donor restrictions | $2,665,414 |
| 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 | $3,673,419 |