Easton Sports Development Foundation
- Assets
- $11.0m
- Revenue
- $3.9m
- Investments
- $316.2k
- Employees
- 0
- Location
- Van Nuys, CA
- Founding
- 12/1982
- Data as of
- 11/2023
- EIN
- 95-3750153
Organization Overview
Easton Sports Development Foundation is located in Van Nuys, CA. The organization was established in 1982. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Easton Sports Development 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 11/2023, Easton Sports Development Foundation generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $4.3m during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Easton Sports Development Foundation has awarded 239 individual grants totaling $749,295. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EASTON NEWBERRY ARCHERY CENTER, EASTON SALT LAKE ARCHERY CENTER, EASTON ARCHERY CENTER OF EXCELLENCE - THESE FACILITIES TRAIN AMATEUR ARCHERS JUST STARTING OUT OR TRAINING FOR WORLD COMPETITION. THESE ARCHERY CENTERS ARE SOME OF THE GROWING NUMBER OF EASTON FOUNDATIONS ARCHERY FACILITIES ACROSS THE USA. THESE CENTERS FOSTER NEW GROWTH, AND PROVIDE COORDINATED TRAININGS FOR ARCHERS AND COACHES.
OLYMPIC ARCHERY IN THE SCHOOLS - AN ARCHERY PROGRAM RUN BY ESDF IN VARIOUS SCHOOLS IN THE LOS ANGELES AREA, FLORIDA, TEXAS, COLORADO AND NEW YORK TO DEVELOP AND TRAIN ARCHERS IN THE USE OF A UNIFORM AND EFFECTIVE TRAINING SYSTEM IN ORDER TO BEGIN TO CREATE A SUSTAINABLE POOL OF WORLD CLASS ARCHERS TO COMPETE INTERNATIONALLY FOR THE U.S.
ARCHERY INNOVATION & RESEARCH - DEVELOP RESEARCH AND DEVELOPMENT PROJECTS THAT CREATE NEW OPPORTUNITIES AND ADVANCEMENTS FOR OUR FOUNDATION AND THE SPORT OF ARCHERY. WE ARE CONTINUALLY LOOKING FOR WAYS WE CAN BETTER SERVE OUR ARCHERY COMMUNITY AND EMPOWER OUR SPORT TO GROW AND DEVELOP. WE EXPLORE IDEAS AND THEIR IMPACT AND VIABILITY FOR THE SPORT.
NATIONAL ARCHERY SCHOLARSHIP TOUR - SERIES OF ARCHERY EVENTS CREATED TO SUPPORT THE NEXT GENERATION OF ARCHERY THROUGH REGIONAL AND NATIONAL SCHOLARSHIP OPPORTUNITIES. SCHOLARSHIPS ARE AWARDED TO THE TOP QUALIFIERS IN EACH SCHOLARSHIP DIVISION. FUNDING WILL BE PROVIDED BY A DESIGNATED PERCENTAGE OF THE ENTRY FEES IN EACH DIVISION. THE TOTAL POOL OF FUNDS ARE AWARDED BASED ON PLACEMENT IN THE DESIGNATED DIVISION. AWARDS MUST BE USED FOR POST-SECONDARY EDUCATION OPPORTUNITIES. IN ADDITION TO PUTTING ON ARCHERY EVENTS, THE FOUNDATION AWARDED SCHOLARSHIPS IN THE AMOUNT OF $26,536, OF WHICH $4,479 WAS PAID OUT DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caren Sawyer VP & Assistant Secretary | 40 | $228,509 | |
Carl Greene VP Operations | 40 | $133,561 | |
Greg Easton President & Director | 1 | $0 | |
Daren Cottle Treasurer & Director | 1 | $0 | |
Karen Griffin Secretary & Director | 5 | $0 | |
Lynn Easton Director | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bridgepoint Coaching & Strategy Group Llc | 11/29/23 | $92,655 |
Vortex Maintenance Inc | 11/29/23 | $74,708 |
Deloitte Tax Llp | 11/29/23 | $71,644 |
Sandbox Technologies Inc | 11/29/23 | $67,091 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,576,301 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,448 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,561 |
| Capital Gain Net Income | $3,543 |
| Net ST Capital Gain | $3,543 |
| Income Modifications | $120,061 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,334,731 |
| Total Revenue | $3,918,041 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $408,327 |
| Other employee salaries and wages | $1,267,024 |
| Pension plans, employee benefits | $130,041 |
| Interest | $0 |
| Taxes | $281,829 |
| Depreciation | $422,931 |
| Occupancy | $373,520 |
| Travel, conferences, and meetings | $135,739 |
| Printing and publications | $14,018 |
| Other expenses | $933,459 |
| Total operating and administrative expenses | $4,264,900 |
| Contributions, gifts, grants paid | $27,036 |
| Total expenses and disbursements | $4,291,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311,716 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $32,464 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $114,324 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $9,884,793 |
| Other assets | $388,370 |
| Total assets | $11,047,836 |
| Accounts payable and accrued expenses | $353,663 |
| Grants payable | $22,057 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $354,582 |
| Total liabilities | $730,302 |
Grants Awarded
Over the last fiscal year, Easton Sports Development Foundation has awarded $27,036 in support to 222 organizations.
| Grant Recipient | Amount |
|---|---|
GAINESVILLE SPORTS COMMISSION PURPOSE: GENERAL SUPPORT | $500 |
MINOR 3 PURPOSE: SCHOLARSHIP | $100 |
MINOR 1 PURPOSE: SCHOLARSHIP | $100 |
ALEXANDER V PURPOSE: SCHOLARSHIP | $100 |
MINOR 2 PURPOSE: SCHOLARSHIP | $100 |
MINOR 4 PURPOSE: SCHOLARSHIP | $100 |