Fitops Foundation
- Assets
- $2.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 8
- Location
- Bentonville, AR
- Founding
- 02/2018
- Data as of
- 12/2021
- EIN
- 82-1433446
Organization Overview
Fitops Foundation is located in Bentonville, AR. The organization was established in 2018. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Fitops Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fitops Foundation 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 12/2021, Fitops Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 8.7% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE THE POTENTIAL OF EACH INDIVIDUAL IT SERVES, IN FITNESS AND IN LIFE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FITOPS FOUNDATION WILL FURTHER ITS EXEMPT PURPOSES BY PROVIDING EDUCATION BENEFITS TO ACTIVE-DUTY MILITARY AND VETERANS, WHO SEEK TO TRANSITION FROM SERVICE INTO A CAREER IN THE HEALTH AND WELLNESS INDUSTRY. IN ADDITION, FITOPS LOOKS TO FUND RESEARCH ON THE EFFECT PHYSICAL HEALTH PLAYS ON MENTAL AND EMOTIONAL HEALTH IN VETERANS WITH THE PURPOSE OF REDUCING SUICIDE. EDUCATION GRANTS ARE FOR SERVICE MEMBERS OR VETERANS WHO DO NOT HAVE THE ABILITY OR FINANCIAL BENEFIT TO GO THROUGH THE PROGRAM THROUGH OTHER FEDERAL FUNDING MEANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Hesse Chairman | OfficerTrustee | 1 | $0 |
Matthew Delzell Exec Directo | Trustee | 1 | $0 |
Todd Watson Exec Directo | Trustee | 1 | $0 |
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 | $1,804,349 |
| Noncash contributions included in lines 1a–1f | $510,383 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,804,349 |
| Total Program Service Revenue | $0 |
| Investment income | $18,697 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$82,920 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,740,126 |
| 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 | $573,109 |
| Pension plan accruals and contributions | $14,774 |
| Other employee benefits | $25,060 |
| Payroll taxes | $42,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,940 |
| Advertising and promotion | $43,755 |
| Office expenses | $40,961 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $74,773 |
| Travel | $7,980 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,536 |
| Interest | $6,547 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $182,757 |
| Insurance | $17,414 |
| All other expenses | $362,050 |
| Total functional expenses | $1,421,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,200 |
| Savings and temporary cash investments | $634,632 |
| 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 | $248,618 |
| Investments—publicly traded securities | $149 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,289,973 |
| Total assets | $2,245,572 |
| Accounts payable and accrued expenses | $27,601 |
| 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 | $201,926 |
| Total liabilities | $229,527 |
| 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 | $2,016,045 |
| Total liabilities and net assets/fund balances | $2,245,572 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fitops Foundation has recieved totaling $25.
| Awarding Organization | Amount |
|---|---|
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 06/21/21 | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Workforce Solutions For South Texas Laredo, TX | $2,166,011 | $19,867,882 |
Deep East Texas Local Workforce Development Board Incorporated Lufkin, TX | $1,729,428 | $18,410,549 |
Vacation Fund Of Engineers Local 513 Bridgeton, MO | $4,041,633 | $12,513,206 |
Launch Global Richardson, TX | $5,975,467 | $10,354,602 |
Rural Capital Area Workforce Development Board Inc Cedar Park, TX | $3,449,616 | $9,394,999 |
Project Quest Inc San Antonio, TX | $2,369,598 | $9,372,995 |
Texas Educational Foundation Inc San Antonio, TX | $1,129,254 | $386,993 |
Gulf Coast Carpenters & Millwrights Training Trust Fund Austin, TX | $15,423,241 | $7,036,287 |
Operating Engineers Local 101 Vacation Fund Program Kansas City, MO | $980,403 | $4,925,526 |
Operating Engineers Local 513 Journeymen & Appren Training Fund Silex, MO | $12,590,709 | $5,420,076 |
Labfour Career Training Institute Memphis, TN | $0 | $5,875,670 |
Employment Resources Inc Tulsa, OK | $2,608,990 | $4,335,874 |