Usa Badminton
- Assets
- $416.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Colorado Springs, CO
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 84-1474714
Organization Overview
Usa Badminton is located in Colorado Springs, CO. The organization was established in 1999. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, USA Badminton employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. USA Badminton 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 12/2022, USA Badminton generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 12.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER THE GROWTH OF BADMINTON FROM THE GRASSROOTS LEVEL TO THE OLYMPIC PODIUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELITE ATHLETES AND COACHING - PROMOTION OF ATHLETE QUALIFICATIONS IN MAJOR INTERNATIONAL COMPETITIONS.
MEMBERSHIP - APPROXIMATELY 3,000 MEMBERS RECEIVE THE ORGANIZATION'S MEMBER SERVICES.
ATHLETE DEVELOPMENT - PROMOTION OF PROGRAMS TO INCREASE THE AWARENESS AND KNOWLEDGE OF THE SPORT OF BADMINTON AND PARA-BADMINTON IN THE UNITED STATES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Wong Chair | OfficerTrustee | 1 | $0 |
Fred Teng Director | Trustee | 1 | $0 |
Nibu Paul Director | Trustee | 1 | $0 |
Philip Varghese Director | Trustee | 1 | $0 |
Amy Burnett Secretary | OfficerTrustee | 1 | $0 |
Rena Wang Director | 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 | $282,568 |
| Noncash contributions included in lines 1a–1f | $8,640 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $282,568 |
| Total Program Service Revenue | $799,453 |
| Investment income | $108 |
| 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 | $1,095,981 |
| 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. | $127,983 |
| Compensation of current officers, directors, key employees. | $78,070 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,958 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,647 |
| Payroll taxes | $24,941 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,597 |
| Fees for services: Accounting | $29,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,668 |
| Advertising and promotion | $9,211 |
| Office expenses | $6,920 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $962 |
| Travel | $110,985 |
| 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 | $3,124 |
| Insurance | $3,886 |
| All other expenses | $0 |
| Total functional expenses | $1,193,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $390,606 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,623 |
| 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 | $9,936 |
| Net Land, buildings, and equipment | $13,906 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $416,571 |
| Accounts payable and accrued expenses | $106,657 |
| Grants payable | $0 |
| Deferred revenue | $141,224 |
| 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 | $247,881 |
| Net assets without donor restrictions | $145,190 |
| Net assets with donor restrictions | $23,500 |
| 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 | $416,571 |