Sacramento Asian Sports Foundation
- Assets
- $3.5m
- Revenue
- $138.9k
- Investments
- $0.0
- Employees
- 13
- Location
- Elk Grove, CA
- Founding
- 04/1995
- Data as of
- 12/2022
- EIN
- 94-3227001
Organization Overview
Sacramento Asian Sports Foundation is located in Elk Grove, CA. The organization was established in 1995. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Sacramento Asian Sports Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sacramento Asian Sports Foundation 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 12/2022, Sacramento Asian Sports Foundation generated $138.9k 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 (15.3%) each year. All expenses for the organization totaled $280.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.2%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPORTS PROGRAM INVOLVE YOUTH AND ADULT PARTICIPANTS. 1. BASKETBALL CLASSES AND LEAGUE. EMPHASIZE POSITIVE DEVELOPMENT OF CHILDREN AND YOUTH THROUGH SPORTS. 2. ADULT PICKLEBALL LEAGUE AND CLINICS; 200 PARTICIPANTS AND VOLUNTEERS. 3. ORGANIZED SPOTS ACTIVITIES FOR SPECIAL NEEDS INDIVIDUALS.
COMMUNITY EVENTS INCLUDE: 1. STRIVE FOR STRENGTH: EMPOWERMENT PROGRAM FOR FEMALE YOUTH, 2. SUICIDE AWARENESS PROGRAM, 3. PERFORMING ARTS COMPETITION PROGRAM. 4. LUNAR NEW YEAR PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ava Bradford Treasurer | OfficerTrustee | 2 | $0 |
Nicole Brown Director | Trustee | 3 | $0 |
Karen Cotton Director | Trustee | 4 | $0 |
Steven Hamamoto President | OfficerTrustee | 10 | $0 |
Joel Kunisaki Director | Trustee | 2 | $0 |
Don Lee Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $51,189 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,175 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,364 |
| Total Program Service Revenue | $48,803 |
| Investment income | $14,965 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$52,551 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,598 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $138,911 |
| 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 | $113,136 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,088 |
| 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 | $3,973 |
| Fees for services: Other | $12,437 |
| Advertising and promotion | $978 |
| Office expenses | $5,402 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,000 |
| Travel | $614 |
| 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 | $45,336 |
| Insurance | $24,396 |
| All other expenses | $9,623 |
| Total functional expenses | $280,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,410 |
| Savings and temporary cash investments | $125,758 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,270 |
| 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 | $2,660,990 |
| Investments—publicly traded securities | $709,866 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,532,294 |
| Accounts payable and accrued expenses | $9,815 |
| Grants payable | $0 |
| Deferred revenue | $37,529 |
| 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 | $47,344 |
| Net assets without donor restrictions | $3,484,950 |
| 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 | $3,532,294 |