575 Sports & Wellness Inc
- Assets
- $1.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 1
- Location
- Canton, GA
- Founding
- 01/2018
- Data as of
- 12/2021
- EIN
- 82-3723279
Organization Overview
575 Sports & Wellness Inc is located in Canton, GA. The organization was established in 2018. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training 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. 575 Sports & Wellness 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, 575 Sports & Wellness Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 48.2% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 55.4% 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
OUR MISSION AT 575 VOLLEYBALL IS TO DEVELOP TECHNICALLY SKILLED VOLLEYBALL PLAYERS WHO STRIVE TO COMPETE AT THE HIGHEST LEVEL POSSIBLE AND CREATE A POSITIVE ATMOSPHERE WHERE ATHLETES ARE PASSIONATE TO SUCCEED AND COMPETE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OFFER AFFORDABLE CLUB VOLLEYBALL TEAMS AND TRAINING PROGRAMS FOR YOUTH ATHLETES.
WE HOST VOLLEYBALL TOURNAMENTS TO HELP PROVIDE MORE LOCAL COMPETITIVE EVENTS FOR OUR TEAMS AND OTHER TEAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kortney Kimura Secretary | OfficerTrustee | 40 | $58,500 |
Jeffrey Black CEO | OfficerTrustee | 50 | $57,667 |
Jamison Horton CFO | OfficerTrustee | 40 | $31,000 |
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 | $7,965 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,965 |
| Total Program Service Revenue | $1,833,142 |
| Investment income | $46 |
| 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 | $1,841,153 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,500 |
| Grants and other assistance to domestic individuals. | $213 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $154,584 |
| Compensation of current officers, directors, key employees. | $39,701 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $525,148 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,710 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $736 |
| Advertising and promotion | $4,917 |
| Office expenses | $3,769 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $106,721 |
| Travel | $69,023 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,962 |
| Insurance | $2,209 |
| All other expenses | $20,694 |
| Total functional expenses | $1,222,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $470,521 |
| Savings and temporary cash investments | $270,088 |
| 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 | $42,697 |
| Investments—publicly traded securities | $200,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,833 |
| Other assets | $16,000 |
| Total assets | $1,007,139 |
| Accounts payable and accrued expenses | $6,045 |
| 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 | $149,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $155,945 |
| Net assets without donor restrictions | $851,194 |
| 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 | $1,007,139 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio Valley Conference Brentwood, TN | $13,074,927 | $12,736,519 |
Tangerine Sports Association Inc Orlando, FL | $1,917,378 | $8,656,869 |
United States Sports Academy Inc Daphne, AL | $22,110,276 | $4,746,949 |
Central Intercollegiate Athletic Assn Charlotte, NC | $1,647,093 | $3,002,061 |
575 Sports & Wellness Inc Canton, GA | $1,007,139 | $1,841,153 |
Central Florida Official Association Inc Winter Garden, FL | $130,665 | $1,202,984 |
Cleveland County Alws Baseball Inc Shelby, NC | $1,206,630 | $1,175,426 |
Peach Belt Athetic Conference Inc Martinez, GA | $774,998 | $880,002 |
Mobile Sports Authority Inc Mobile, AL | $530,471 | $696,034 |
Carol S Petrea Youth Golf Foundation Inc Shallotte, NC | $2,368,815 | $677,340 |
Dragonfly Capacity Development Memphis, TN | $61,424 | $488,463 |
Oak Ridge Rowing Assocation Inc Oak Ridge, TN | $218,181 | $558,484 |