Torch Sports Inc
- Assets
- $169.7k
- Revenue
- $241.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Palo Alto, CA
- Founding
- 11/2017
- Data as of
- 12/2021
- EIN
- 82-2290151
Organization Overview
Torch Sports Inc is located in Palo Alto, CA. The organization was established in 2017. According to its NTEE Classification (N62) the organization is classified as: Basketball, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Torch Sports Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Torch Sports Inc 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, Torch Sports Inc generated $241.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $265.4k during the year ending 12/2021. 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
TO PROMOTE, ADVANCE, AND SPONSOR AMATEUR YOUTH BASKETBALL OPPORTUNITIES TO ANY AND ALL THAT ARE INTERESTED, REGARDLESS OF ABILITY OR ECONOMIC SITUATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 2021 CALENDAR YEAR, THE ORGANIZATION CONTINUED TO POSITIVELY SERVE YOUTH ATHLETES RESIDING IN THE NORTHERN CALIFORNIA AREA. NOT ONLY DID WE SAFELY RETURN TO IN PERSON BASKETBALL WORKOUTS, WE FOUND NEW WAYS TO ENHANCE ATHLETIC ABILITY BY ADDING A STRENGTH AND CONDITIONING COMPONENT. APPROXIMATELY 70 GIRLS WERE ABLE TO STAY ACTIVE WHILE BEING ABLE TO SOCIALIZE IN PERSON. IN THE LATER PART OF THE YEAR, WE WERE ABLE TO FULLY RESUME TO LIVE PLAY AND HOST OUR ALL GIRLS BASKETBALL LEAGUE. OUR FALL LEAGUE SERVED AN ADDITIONAL 170 GIRLS ON A WEEKLY BASIS. THESE ACCOMPLISHMENTS ARE RELEVANT TO OUR MAIN PURPOSE OF SUPPORTING YOUTH ACTIVITIES IN BASKETBALL WHILE PROMOTING COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Murphy President | OfficerTrustee | 40 | $95,005 |
Andrea Hernandez Treasurer | OfficerTrustee | 20 | $70,000 |
Lamont Quattlebaum Vice Preside | OfficerTrustee | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $241,840 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $241,840 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| 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. | $165,005 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,380 |
| Payroll taxes | $12,616 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $900 |
| 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 | $13,543 |
| Advertising and promotion | $634 |
| Office expenses | $5,019 |
| Information technology | $4,820 |
| Royalties | $0 |
| Occupancy | $31,765 |
| Travel | $2,337 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,378 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,893 |
| All other expenses | $170 |
| Total functional expenses | $265,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,804 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $134,891 |
| 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 | $169,695 |
| 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 | $1,803 |
| Total liabilities | $1,803 |
| Net assets without donor restrictions | $167,892 |
| 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 | $169,695 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Torch Sports Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ultimate Sports Association Walnut Creek, CA | $1,241,895 | $1,889,365 |
West Coast Elite El Segundo, CA | $47,085 | $1,056,757 |
Socal-Elite Sports Inc Irvine, CA | $856,246 | $1,237,491 |
National Junior Basketball Tustin, CA | $68,241 | $690,890 |
Tarkanian Basketball Academy Inc Las Vegas, NV | $1,084,791 | $736,106 |
Team Esface Inc Redwood City, CA | $170,608 | $568,435 |
Northwest Womens Intercollegiate Basketball Officials Assocaition Salem, OR | $163,779 | $398,334 |
Palo Alto NATIONAL JUNIOR BASKETBALL Los Altos Hills, CA | $0 | $303,126 |
Sierra Nevada Basketball Inc Reno, NV | $2,943 | $276,310 |
East Bay Basketball Officials Association Hercules, CA | $1,000 | $275,181 |
Rocklin Girls Fast Pitch Softball Rocklin, CA | $60,559 | $238,087 |
Jk Select Inc Woodland Hills, CA | $7,021 | $277,034 |