Palm Beach North Athletic Foundation Inc
- Assets
- $91.1k
- Revenue
- $235.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 82-2416593
Organization Overview
Palm Beach North Athletic Foundation Inc is located in Palm Beach Gardens, FL. The organization was established in 2018. 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. Palm Beach North Athletic Foundation 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, Palm Beach North Athletic Foundation Inc generated $235.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 56.6% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO DEVELOP AND OPERATE A WORLD-CLASS INDOOR COMMUNITY RECREATION FACILITY, PROVIDING PEOPLE OF ALL AGES AND ABILITIES A SAFE, STATE-OF-THE-ART ENVIRONMENT TO HELP THEM ACHIEVE THEIR GOALS AND DEVELOP THE SKILLS NEEDED FOR SUCCESS IN LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tad Deorio Treasurer | OfficerTrustee | 10 | $0 |
Russell Dise Vice Preside | OfficerTrustee | 10 | $0 |
Michael Winter CEO | OfficerTrustee | 10 | $0 |
Victoria Cox Director | Trustee | 2 | $0 |
Brian Duncan Director | Trustee | 2 | $0 |
Sean Thomas Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $102,700 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $132,799 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,499 |
| Total Program Service Revenue | $0 |
| 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 | $235,499 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $64,849 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $131,380 |
| Advertising and promotion | $14,213 |
| Office expenses | $8,347 |
| Information technology | $5,559 |
| Royalties | $0 |
| Occupancy | $2,015 |
| 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 | $1,128 |
| All other expenses | $0 |
| Total functional expenses | $231,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,174 |
| 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 | $31,951 |
| 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 | $91,125 |
| 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 | $91,125 |
| 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 | $91,125 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Palm Beach North Athletic Foundation Inc has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
R A Ritter Foundation Palm Beach Gardens, FL PURPOSE: UNRESTRICTED | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Newtown Recreation Inc Alpharetta, GA | $134,249 | $1,016,888 |
Florida Recreation And Park Association Inc Tallahassee, FL | $1,274,371 | $1,163,180 |
Emerald Coast Fitness Foundation Fort Walton Beach, FL | $117,412 | $758,974 |
Georgia Recreation And Park Association Inc Conyers, GA | $880,188 | $570,815 |
Girl Power For Good Foundation Inc Valparaiso, FL | $1,749,186 | $1,119,678 |
Standing Boy Inc Columbus, GA | $152,043 | $525,287 |
Redemptive Cycles Services Inc Birmingham, AL | $203,820 | $485,618 |
Catalyst Sports Inc Atlanta, GA | $145,521 | $371,257 |
Cherokee Recreation Center Inc Centre, AL | $36,036 | $305,621 |
Police Athletic League Of Clay County Green Cove Springs, FL | $320,576 | $317,151 |
Tidevue Estates Civic Association Inc Ellenton, FL | $565,806 | $264,849 |
Alabama Recreation & Parks Assn Inc Montgomery, AL | $695,404 | $362,871 |