Las Vegas Sports Committee
- Assets
- $57.7k
- Revenue
- $43.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Henderson, NV
- Founding
- 02/1999
- Data as of
- 04/2018
- EIN
- 88-0393015
Organization Overview
Las Vegas Sports Committee is located in Henderson, NV. The organization was established in 1999. 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. Las Vegas Sports Committee 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 04/2018, Las Vegas Sports Committee generated $43.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (40.4%) each year. All expenses for the organization totaled $55.0k during the year ending 04/2018. As we would expect to see with falling revenues, expenses have declined by (33.1%) per year over the past 4 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
LVSC HELD THE LAS VEGAS HOLIDAY CLASSIC HIGH SCHOOL INVITATIONAL WRESTLINGTOURNAMENT IN WHICH 75 HIGH SCHOOL WRESTLING TEAMS, INCLUDING 1,050ATHLETES COMPETED FROM ALL OVER THE COUNTRY. ADDITIONALLY DONATIONS WERE MADE IN SUPPORT OF LOCAL ATHLETIC PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LVSC HELD THE LAS VEGAS HOLIDAY CLASSIC HIGH SCHOOL INVITATIONAL WRESTLINGTOURNAMENT IN WHICH 75 HIGH SCHOOL WRESTLING TEAMS, INCLUDING 1,050ATHLETES COMPETED FROM ALL OVER THE COUNTRY. ADDITIONALLY DONATIONS WERE MADE IN SUPPORT OF LOCAL ATHLETIC PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Barnson President | OfficerTrustee | 2 | $0 |
Mitchell Horst Treasurer | OfficerTrustee | 2 | $0 |
Beau Barnson Secretary | Trustee | 2 | $0 |
Nataley Vaughn Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $530 |
| 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 | $43,234 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $7,590 |
| 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 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 | $15,311 |
| Advertising and promotion | $315 |
| Office expenses | $1,804 |
| Information technology | $544 |
| Royalties | $0 |
| Occupancy | $1,349 |
| Travel | $316 |
| 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 | $1,152 |
| Insurance | $590 |
| All other expenses | $0 |
| Total functional expenses | $55,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,348 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,668 |
| 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 | $17,742 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,742 |
| Net assets without donor restrictions | $39,926 |
| 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 |
| Total liabilities and net assets/fund balances | $39,926 |
Grants Awarded
Over the last fiscal year, Las Vegas Sports Committee has awarded $26,559 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PALO VERDE HIGH SCHOOL | | | $11,020 |
SHADOW RIDGE HIGH WRESTLING | | | $7,900 |
Colorado Springs, CO | | $7,639 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Los Angeles Dodgers Foundation Los Angeles, CA | $3,410,551 | $8,089,122 |
Golden State Warriors Community Foundation San Francisco, CA | $12,318,802 | $3,080,465 |
Everykidsports Bend, OR | $1,406,515 | $1,984,529 |
Regional Parks Foundation Oakland, CA | $19,291,052 | $7,078,188 |
Angels Baseball Foundation Inc Anaheim, CA | $12,036,127 | $3,125,940 |
Arizona Tennis Charities Phoenix, AZ | $163,967 | $845,443 |
Hollyrod Foundation Woodland Hills, CA | $454,892 | $514,993 |
World Cup Dreams Foundation Park City, UT | $853,676 | $1,291,836 |
Chaparral Firebirds Baseball Club Phoenix, AZ | $33,145 | $562,494 |
Utah Mountain Sports Academy Provo, UT | $136,054 | $521,102 |
Half Moon Bay High School Boosters Athletics Half Moon Bay, CA | $272,556 | $432,462 |
Salt Lake City - Utah Committee For The Games Inc Salt Lake City, UT | $724,935 | $1,010,000 |