Heat Athletics Inc
- Assets
- $0.0
- Revenue
- $70.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Franklin, WI
- Founding
- 05/2017
- Data as of
- 05/2022
- EIN
- 81-4296742
Organization Overview
Heat Athletics Inc, operating under the name Stingray Allstars Wisconsin, is located in Franklin, WI. The organization was established in 2017. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stingray Allstars Wisconsin 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 05/2022, Stingray Allstars Wisconsin generated $70.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (42.0%) each year. All expenses for the organization totaled $1.4m during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP AND NURTURE CHILDREN AGES 4 THROUGH 18 INTO POSITIVE, CARING, STRONG AND CONFIDENT INDIVIDUALS THROUGH PHYSICAL ACTIVITIES AND COACHING IN OUR FACILITY.
Describe the Organization's Program Activity:
HEAT ATHLETICS INC. (DBA STINGRAY ALLSTARS WISCONSIN) OFFERS PRIVATE AND PUBLIC CLASSES IN CHEERLEADING AND TUMBLING. THE ORGANIZATION ALSO PROVIDES TRAINING FOR ATHLETES IN CHEERLEADING AND TUMBLING, SO THAT THEY MAY BE ABLE TO COMPETE LOCALLY AND NATIONALLY. IN FISCAL YEAR 2021, THE PROGRAM SERVED 6 TEAMS, WHICH WERE COMPRISED OF 96 ATHLETES. THE PROGRAM SERVES OVER 300 ATHLETES GYM WIDE. THESE ATHLETES COMPETED IN 8 EVENTS NATIONWIDE. 3 OF THESE TEAMS COMPETED FOR D2 SUMMIT BIDS IN FLORIDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Mars President | OfficerTrustee | 32 | $0 |
Brandi Mars Vice President & Secretary | OfficerTrustee | 15 | $0 |
Dennis Axelson Director | Trustee | 1 | $0 |
Jeff Billings Director (beg. October) | Trustee | 1 | $0 |
James Dailey Director | Trustee | 0.1 | $0 |
Tom Trossen Director (thru August) | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $47,860 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,860 |
| Total Program Service Revenue | $23,129 |
| 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 | -$764 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,243 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,321,406 |
| 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 | $32,055 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,260 |
| Payroll taxes | $10,418 |
| 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 | $11,122 |
| Advertising and promotion | $72 |
| Office expenses | $3,064 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,651 |
| Travel | $0 |
| 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 | $4,651 |
| All other expenses | $4,181 |
| Total functional expenses | $1,433,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |