Harris County Precinct One Street Olympics
- Assets
- $2.7m
- Revenue
- $284.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Houston, TX
- Founding
- 06/1988
- Data as of
- 12/2022
- EIN
- 76-0227692
Organization Overview
Harris County Precinct One Street Olympics is located in Houston, TX. The organization was established in 1988. 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, Harris County Precinct One Street Olympics employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harris County Precinct One Street Olympics 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, Harris County Precinct One Street Olympics generated $284.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $302.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RESPOND TO MOTIVATIONAL YOUTH AND RECREATIONAL NEEDS, PROVIDING A VEHICLE FOR COMMUNITY DEVELOPMENT, AND PROVIDING ACTIVITIES THAT WILL EXPOSE COMMUNITY RESIDENTS TO THE HARRIS COUNTY PARK SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER GAMES - STREET OLYMPICS PROVIDES ORGANIZED OLYMPIC-STYLE ATHELTIC ACTIVITIES FOR YOUTHS AND TEACH THEM NEW SKILLS WHILE COMPETING IN A SAFE AND EXCITING ENVIRONMENT.
CONTRIBUTIONS TO OTHER NON-PROFIT ORGANIZATIONS AND SUPPORTING TEEN HEALTHCARE.
AQUATICS PROGRAM - THROUGH THE SPORT OF SWIMMING, STREET OLYMPICS DEVELOPS VALUABLE LEADERSHIP, DISCIPLINE AND TEAMWORK SKILLS FOR YOUTHS.
DISCOVERY CAMP - THROUGH EDUCATIONAL ACTIVITIES, GAMES AND PROJECTS, STREET OLYMPICS EDUCATES YOUTH ABOUT NATURE, ANIMALS AND THEIR ROLES IN PRESERVING THE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Kent Friedman Secretary | OfficerTrustee | 1 | $0 |
Ed Gonzalez Board Member | Trustee | 1 | $0 |
Winell Herron Board Member | Trustee | 1 | $0 |
Franchelle Lee Board Member | Trustee | 1 | $0 |
James M Lemond Chairperson | OfficerTrustee | 1 | $0 |
Alan Rosen Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,708 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,360 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,068 |
| Total Program Service Revenue | $0 |
| Investment income | $149,061 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $284,129 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,741 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,401 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,978 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,196 |
| Fees for services: Other | $28,812 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,421 |
| 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 | $1,492 |
| Insurance | $15,823 |
| All other expenses | $12,455 |
| Total functional expenses | $302,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,009 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,435,395 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,705,404 |
| Accounts payable and accrued expenses | $21,927 |
| 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 | $21,927 |
| Net assets without donor restrictions | $2,674,477 |
| Net assets with donor restrictions | $9,000 |
| 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 | $2,705,404 |