Classic For Columbus
- Assets
- $84.8k
- Revenue
- $679.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- Data as of
- 12/2023
- EIN
- 85-1751658
Organization Overview
Classic For Columbus is located in Columbus, OH. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Classic For Columbus 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 12/2023, Classic For Columbus generated $679.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $821.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 3 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DELIVER ANNUAL EVENTS THAT PROMOTE EDUCATION, DIVERSITY AND INCLUSION AND CREATE AN ECONOMIC IMPACT FOR THE COMMUNITY WHILE RAISING FUNDS FOR EDUCATIONAL INSTITUTIONS AND SCHOLARSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HBCU CLASSIC AND CELEBRITY ALL-STAR GAME & EXTRAVAGANZA IS A FIVE DAY EVENT EVENT CELEBRATION OF EDUCATIONAL, MULTICULTURAL AND NETWORKING FESTIVITIES THAT COMPLIMENT A BASKETBALL GAME SHOWCASING STUDENT ATHLETES FROM HISTORICALLY BLACK COLLEGES AND UNIVERSITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Pace Chief Executive Officer | Officer | 50 | $0 |
Winford Dearing Treasurer | Officer | 20 | $0 |
Josh Combs Trustee | Trustee | 5 | $0 |
Donald Dennis Trustee | Trustee | 5 | $0 |
Carla D Fountainemha Trustee | Trustee | 5 | $0 |
Michael Gatto Trustee | Trustee | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $678,969 |
| Investment income | $177 |
| 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 | $679,146 |
| 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. | $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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $136,955 |
| Office expenses | $10,040 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,891 |
| 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 | $4,959 |
| All other expenses | $229,860 |
| Total functional expenses | $821,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,422 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,372 |
| 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 | $84,794 |
| Accounts payable and accrued expenses | -$69 |
| 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 | $273,444 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $75,200 |
| Other liabilities | $0 |
| Total liabilities | $348,575 |
| Net assets without donor restrictions | -$263,781 |
| 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 | $84,794 |