Usa Boxing Inc

Organization Overview

Usa Boxing Inc is located in Colorado Springs, CO. The organization was established in 1983. According to its NTEE Classification (N71) the organization is classified as: Olympics, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, USA Boxing Inc employed 23 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. USA Boxing 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, USA Boxing Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $5.6m during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE CORPORATION IS THE NATIONAL GOVERNING BODY FOR AMATEUR BOXING AND IS RESPONSIBLE FOR THE PROMOTION AND DEVELOPMENT OF AMATEUR BOXING IN THE UNITED STATES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DEVELOPMENT AND OTHER PROGRAMS - THE CORPORATION PROMOTES ATHLETE'S PHYSICAL AND MENTAL TRAINING IN ORDER TO FURTHER THEIR DEVELOPMENT.


MEMBERSHIP - THE CORPORATION PROVIDES OFFICIAL OLYMPIC MEMBERSHIP CREDENTIALS AS WELL AS ACCIDENT AND GENERAL LIABILITY INSURANCE TO ITS MEMBERS.


EVENTS - THE CORPORATION SANCTIONS AMATEUR BOXING EVENTS FOR WHICH ATHLETES TRAIN AND COMPETE. JUNIOR ATHLETES TRAIN FOR AND COMPETE IN AMATEUR BOXING EVENTS.


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Board, Officers & Key Employees

Name (title)Compensation
William Walsh
Head Coach
$180,000
Michael Mcatee
Executive Director
$140,723
Matthew Johnson
High Performance Director
$116,449
Tyson Lee
President
$0
Patrick Butler
Treasurer/lbc Director
$0
Hector Colon
1st Vice President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$157,866
Government grants $658,100
All other contributions, gifts, grants, and similar amounts not included above$1,336,434
Noncash contributions included in lines 1a–1f $172,877
Total Revenue from Contributions, Gifts, Grants & Similar$2,152,400
Total Program Service Revenue$3,735,655
Investment income $21,810
Tax Exempt Bond Proceeds $0
Royalties $32,328
Net Rental Income $0
Net Gain/Loss on Asset Sales $62,102
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $90,663
Miscellaneous Revenue$0
Total Revenue $6,094,958

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Usa Boxing Inc has recieved totaling $157.

Awarding OrganizationAmount
Lamb Weston Charitable Foundation

Eagle, ID

PURPOSE: COMMUNITY SUPPORT

$100
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$57
View Grant Recipient Profile

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