The San Jose Sports Authority
- Assets
- $598.7k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- San Jose, CA
- Founding
- 12/1992
- Data as of
- 06/2022
- EIN
- 77-0269729
Organization Overview
The San Jose Sports Authority is located in San Jose, CA. The organization was established in 1992. According to its NTEE Classification (N19) the organization is classified as: Support N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, San Jose Sports Authority employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Jose Sports Authority 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 06/2022, San Jose Sports Authority generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 2.7% per year over the past 7 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
TO ESTABLISH SAN JOSE AS A PREMIER CENTER FOR SPORTS AND IMPROVE QUALITY OF LIFE IN SAN JOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SAN JOSE SPORTS AUTHORITY SUPPORTED THE EFFORTS OF THE CITY OF SAN JOSE TO HOST MANY EVENTS THIS YEAR. SOME OF THESE WORLD REKNOWNED EVENTS INCLUDED THE AMERICAN JUNIOR GOLF ASSOCIATION TOURNAMENT AT SAN JOSE COUNTRY CLUB AND THE SJSU MEN'S GOLF TOURNAMENT.
THE SAN JOSE SPORTS HALL OF FAME INDUCTION IS HELD EACH FALL AND RECOGNIZES THE COMMUNITY'S SPORTS HISTORY. INDUCTEES TO THE HALL OF FAME ARE HONORED AND RECOGNIZED FOR THEIR EXTRAORDINARY CONTRIBUTIONS IN BOTH SPORT AND PHILANTHROPY. IN ADDITION HIGH SCHOOL ATHLETES, COLLEGIATE ATHLETES AND A SPECIAL OLYMPICS ATHLETE ARE ALSO HONORED.
THE REACH YOUTH SCHOLARSHIP PROGRAM HAS PROVIDED COLLEGE FUNDS OVER THE PAST 25 YEARS TO HIGH SCHOOL STUDENTS WHO HAVE OVERCOME ADVERSITY TO EXCEL IN ACADEMICS AND SPORTS. EACH YEAR SANTA CLARA COUNTY HIGH SCHOOL SENIORS ARE NOMINATED FOR THE PROGRAM, WHICH STANDS FOR RECOGNIZING EXCELLENCE, ADVERSITY, COURAGE AND HARD WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Faas Chairman | OfficerTrustee | 1 | $0 |
Anne Cribbs Vice Chair | OfficerTrustee | 1 | $0 |
James Hamnett Secretary | OfficerTrustee | 1 | $0 |
John Southwell Treasurer | OfficerTrustee | 1 | $0 |
Victor Arranaga Jr Director | Trustee | 0.5 | $0 |
Jamie Breslin Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $73,871 |
| Related organizations | $0 |
| Government grants | $542,605 |
| All other contributions, gifts, grants, and similar amounts not included above | $233,900 |
| Noncash contributions included in lines 1a–1f | $210,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $850,376 |
| Total Program Service Revenue | $321,748 |
| Investment income | $720 |
| 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 | $1,172,844 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,240 |
| Grants and other assistance to domestic individuals. | $95,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $162,000 |
| Compensation of current officers, directors, key employees. | $41,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,501 |
| Pension plan accruals and contributions | $20,000 |
| Other employee benefits | $39,492 |
| Payroll taxes | $25,077 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $37,758 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,711 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,784 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,465 |
| Insurance | $10,113 |
| All other expenses | $0 |
| Total functional expenses | $1,432,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $427,357 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $162,166 |
| 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 | $2,669 |
| Net Land, buildings, and equipment | $6,533 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $598,725 |
| Accounts payable and accrued expenses | $200,752 |
| Grants payable | $143,250 |
| Deferred revenue | $120,000 |
| 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 | $2,500 |
| Total liabilities | $466,502 |
| Net assets without donor restrictions | -$397,585 |
| Net assets with donor restrictions | $529,808 |
| 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 | $598,725 |
Grants Awarded
Over the last fiscal year, The San Jose Sports Authority has awarded $6,240 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BASOC PURPOSE: TO SUPPORT LOCAL SPORTS INITIATIVES | $2,500 |
SAINT FRANCIS HIGH SCHOOL PURPOSE: TO SUPPORT LOCAL SPORTS INITIATIVES | $2,500 |
MISSION COLLEGE PURPOSE: TO SUPPORT LOCAL SPORTS INITIATIVES | $1,000 |
SJSU ATHLETICS PURPOSE: TO SUPPORT LOCAL SPORTS INITIATIVES | $240 |