Track Nationals Inc
- Assets
- $305.0
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- Data as of
- 12/2023
- EIN
- 87-3607232
Organization Overview
Track Nationals Inc is located in Richmond, VA. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Track Nationals 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 12/2023, Track Nationals Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 18.0% per year over the past 2 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE HEALTHY LIFESTYLES AND STRONG COMMUNITY AMONGST YOUTH AND STUDENT-ATHLETES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADIDAS INDOOR NATIONAL CHAMPIONSHIPS THESE TRACK AND FIELD CHAMPIONSHIPS BROUGHT TOGETHER OVER 1,000 STUDENT-ATHLETES AND THOUSANDS OF FANS TO CELEBRATE THEIR SCHOLASTIC ACHIEVEMENTS AS THESE STUDENT-ATHLETES AND THEIR SUPPORTERS EMBODIED OUR SPONSOR ADIDAS AG'S MINDSET THAT NOTHING IS IMPOSSIBLE. ATHLETES CHASED AND BROKE RECORDS AND WERE ABLE TO CONTINUE THEIR GROWTH LEARNING AND MASTERY OF THE SPORT THANKS IN PART TO THE EVENT SERVICES TRACK NATIONALS INC. PUT ON. THIS EVENT WAS HELD AT THE VIRGINIA BEACH SPORTS CENTER IN VIRGINIA BEACH VIRGINIA.
ADIDAS OUTDOOR NATIONAL CHAMPIONSHIPS HELD IN GREENSBORO NORTH CAROLINA ON THE CAMPUS OF NORTH CAROLINA A&T. THIS EVENT BROUGHT TOGETHER STUDENT-ATHLETES FROM OVER 35 STATES AND INCLUDED OVER 2,500 STUDENT-ATHLETES AND THOUSANDS OF SUPPORTERS AS WELL. WORKING HAND AND HAND WITH THE LOCAL SPORTS COMMISSION AND NCAT TRACK NATIONALS WAS ABLE TO CONTINUE ITS MISSION OF ENRICHING STUDENT-ATHLETES' LIVES THROUGH EDUCATION ACTIVITY AND PARTICIPATION. THIS EVENT ALSO SERVED AS A GREAT LAST CHANCE EVENT FOR STUDENT-ATHLETES AS THEY CONTINUED THEIR ATHLETIC CAREERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nolan Jez President | Trustee | 40 | $166,815 |
Name Not Listed Co-President | Trustee | 40 | $166,815 |
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 | $300,000 |
| Noncash contributions included in lines 1a–1f | $300,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,000 |
| Total Program Service Revenue | $767,104 |
| 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 | $1,207,104 |
| 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. | $333,630 |
| Compensation of current officers, directors, key employees. | $333,630 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,206,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $305 |
| Savings and temporary cash investments | $0 |
| 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 | $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 | $305 |
| 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 |
| 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 |