Baltimore Sports Tourism Development Council Inc
- Assets
- $1.9m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 11/2019
- Data as of
- 06/2022
- EIN
- 84-2934333
Organization Overview
Baltimore Sports Tourism Development Council Inc is located in Baltimore, MD. The organization was established in 2019. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, 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. Baltimore Sports Tourism Development Council 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 06/2022, Baltimore Sports Tourism Development Council Inc generated $3.6m in total revenue. All expenses for the organization totaled $4.1m during the year ending 06/2022. While expenses have increased by 102.2% per year over the past 3 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 PURSUE, INITIATE, HOST, SPONSOR, ORGANIZE, PROMOTE, FACILITATE AND SUPPORT COLLEGIATE AND OTHER AMATEUR SPORTS AND ATHLETIC TOURNAMENTS AND EVENTS TO BE HELD IN AND AROUND THE GREATER BALTIMORE METROPOLITAN AREA IN ORDER TO GENERATE ECONOMIC IMPACT THROUGH TOURISM; PROVIDE EDUCATIONAL AND OTHER POSITIVE EXPERIENCES FOR ATHLETES, FANS AND OTHER VISITORS; PROVIDE ACADEMIC SCHOLARSHIPS TO SUPPORT STUDENTS IN CONNECTION WITH AMATEUR SPORTS AND ATHLETIC TOURNAMENTS AND EVENTS TO BE HELD IN AND AROUND THE GREATER BALTIMORE METROPOLITAN AREA; TO LESSENT HE BURDENS OF GOVERNMENT AND PROMOTE THE SOCIAL WELFARE OF THE CITY OB BALTIMORE AND THE STATE OF MARYLAND IN CONNECTION WITH THE FOREGOING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ACADEMIC SCHOLARSHIPS TO SUPPORT STUDENTS IN CONNECTION WITH AMATEUR SPORTS AND ATHLETIC TOURNAMENTS AND EVENTS TO BE HELD IN AND AROUND THE GREATER BALTIMORE METROPOLITAN AREA.
GENERATE ECONOMIC IMPACT THROUGH TOURISM. PROVIDE EDUCATIONAL AND OTHER POSITIVE EXPERIENCES FOR ATHLETES, FANS AND OTHER VISITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Hutchinson Director | Trustee | 10 | $0 |
Terry Hasseltine Director | Trustee | 2 | $0 |
J Howard Henderson Director | 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 | $3,440,199 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,440,199 |
| Total Program Service Revenue | $203,910 |
| 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 | $3,644,109 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $800,000 |
| 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 | $30,360 |
| Fees for services: Accounting | $4,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $241,198 |
| Advertising and promotion | $1,548,408 |
| Office expenses | $52,629 |
| Information technology | $17,729 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $43,625 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $834,881 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,801 |
| All other expenses | $495,548 |
| Total functional expenses | $4,073,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,672,664 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $210,000 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,882,664 |
| Accounts payable and accrued expenses | $506,507 |
| 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 | $506,507 |
| Net assets without donor restrictions | $1,376,157 |
| 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 | $1,882,664 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Baltimore Sports Tourism Development Council Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Annie E Casey Foundation Baltimore, MD PURPOSE: SUPPORT THE CIAA 2021 BASKETBALL TOURNAMENT VIRTUAL EXPERIENCE HELD FEBRUARY 23RD - 27TH, 2021 | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roy A Hunt Foundation Pittsburgh, PA | $0 | $8,030,266 |
Baltimore Sports Tourism Development Council Inc Baltimore, MD | $1,882,664 | $3,644,109 |
Pennsylvania National Horse Show Foundation Harrisburg, PA | $536,390 | $3,371,373 |
Swanee Hunt Family Foundation Washington, DC | $7,124,229 | $690,524 |
Gramma Fisher Foundation Easton, MD | $26,054,543 | $4,343,834 |
Reamstown Athletic Association Reamstown, PA | $734,775 | $1,303,779 |
Camp Foundation Franklin, VA | $18,333,166 | $1,889,654 |
Paul D Camp Community College Foundation Franklin, VA | $2,592,283 | $1,339,623 |
Rva Sports Foundation Inc Richmond, VA | $1,516,415 | $456,889 |
T2 Foundation Scranton, PA | $11,277 | $363,546 |
Mfha Foundation Middleburg, VA | $4,849,648 | $245,852 |
Woodrow Wilson High School Crew Booster Club Inc Washington, DC | $358,204 | $288,751 |