Free Fall Action Sports Inc
- Assets
- $305.3k
- Revenue
- $247.8k
- Investments
- $0.0
- Employees
- 11
- Location
- Quakertown, PA
- Founding
- 07/2018
- Data as of
- 12/2021
- EIN
- 82-5259173
Organization Overview
Free Fall Action Sports Inc is located in Quakertown, PA. The organization was established in 2018. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Free Fall Action Sports Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Free Fall Action 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, Free Fall Action Sports Inc generated $247.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 40.5% each year . All expenses for the organization totaled $97.0k 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 PROVIDE ATHLETES AND FANS A POSITIVE, ENCOURAGING ENVIRONMENT WHERE THEY CAN BELONG, DEVELOP SKILLS AND ABILITIES, BE INTRODUCED TO KNOWING AND FOLLOWING JESUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ATHLETES AND FANS A POSITIVE, ENCOURAGING ENVIRONMENT WHERE THEY CAN BELONG, DEVELOP SKILLS AND ABILITIES, BE INTRODUCED TO KNOWING AND FOLLOWING JESUS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Kratz Executive Di | OfficerTrustee | 10 | $11,900 |
Nathan Good President | OfficerTrustee | 2 | $0 |
Carlos Velez Vice Preside | OfficerTrustee | 2 | $0 |
Quincy Longacre Treasurer | OfficerTrustee | 2 | $0 |
Courtney Burns Secretary | OfficerTrustee | 2 | $0 |
Rachelle Bergey Member | Trustee | 2 | $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 | $231,905 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $231,905 |
| Total Program Service Revenue | $1,594 |
| Investment income | $140 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,862 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,297 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $247,798 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $11,900 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,788 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,263 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,375 |
| Office expenses | $4,995 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $587 |
| 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 | $3,984 |
| All other expenses | $336 |
| Total functional expenses | $97,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $297,567 |
| 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 | $7,748 |
| 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 | $305,315 |
| 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 | $305,315 |
| 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 | $305,315 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Free Fall Action Sports Inc has recieved totaling $30,037.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $30,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $37 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Do Something Inc New York, NY | $16,018,625 | $4,390,638 |
Colonie Youth Center Inc Latham, NY | $13,129,145 | $4,748,575 |
Maryland Soccer Foundation Inc Boyds, MD | $16,325,043 | $5,386,323 |
El Puente De Williamsburg Inc Brooklyn, NY | $1,746,153 | $3,586,866 |
Boys And Girls Clubs Of Northwest New Jersey Inc Wayne, NJ | $6,341,949 | $5,450,111 |
Manhattan Soccer Club Inc New York, NY | $3,532,103 | $3,811,063 |
Vagabond Missions Pittsburgh, PA | $2,255,998 | $3,415,879 |
North 10 Philadelphia Wayne, PA | $20,931,088 | $2,577,182 |
Wayne Township Police Athletic League Wayne, NJ | $3,558,556 | $3,280,474 |
Police Athletic League Of Philadelphia Philadelphia, PA | $10,939,935 | $2,944,872 |
Leaders Of Tomorrow Youth Center Inc Owings Mills, MD | $477,801 | $1,453,303 |
Police Athlethic League Of Wilmington Inc Wilmington, DE | $4,573,617 | $2,286,989 |