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← NATIONAL INSTITUTE FOR FITNESS AND SPORT INC

Form 990 for tax year 2022

Filed by NATIONAL INSTITUTE FOR FITNESS AND SPORT INC.

Totals

Total revenue
$6,079,652
Total expenses
$6,011,004
Contributions and grants received
$5,962
Grants paid
$0
Program service revenue
$6,055,210
Investment income
$9,732
Other revenue
$8,748
Total assets, end of year
$3,669,620
Total liabilities, end of year
$811,401
Net assets or fund balances, end of year
$2,858,219
Program services expenses (Part IX)
$4,866,786
Management and general expenses
$1,144,218
Fundraising expenses
$0
Program service expenses (Part III)
$4,866,786

Program services were 81.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $5,962

  • 2a · Program service revenue: WORKSHOPS & PROGRAMS

    total $3,746,350 · related or exempt $3,746,350

  • 2b · Program service revenue: OPERATIONS FEE

    total $1,602,659 · related or exempt $1,602,659

  • 2c · Program service revenue: FITNESS SERVICE FEES

    total $706,201 · related or exempt $706,201

  • 3 · Investment income

    total $12,628 · excluded $12,628

  • 6a · Gross rents

    real property $2,010

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,010

  • 6d · Net rental income or loss

    total $2,010 · related or exempt $2,010

  • 7a · Gross sales of assets other than inventory

    other assets $301

  • 7b · Less cost or other basis and sales expenses

    other assets $3,197

  • 7c · Gain or loss

    other assets -$2,896

  • 7d · Net gain or loss

    total -$2,896 · related or exempt -$2,896

  • 10a · Gross sales of inventory

    $43,904

  • 10b · Cost of goods sold

    $37,166

  • 10c · Net income from sales of inventory

    total $6,738 · related or exempt $6,738

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $240,000 · program services $240,000

  • 7 · Other salaries and wages

    total $4,197,208 · program services $3,425,174 · management and general $772,034

  • 8 · Pension plan contributions

    total $14,539 · program services $11,349 · management and general $3,190

  • 9 · Other employee benefits

    total $259,356 · program services $217,742 · management and general $41,614

  • 10 · Payroll taxes

    total $380,399 · program services $322,173 · management and general $58,226

  • 11g · Fees: other

    total $29,752 · program services $1,560 · management and general $28,192

  • 12 · Advertising and promotion

    total $52,542 · program services $52,146 · management and general $396

  • 13 · Office expenses

    total $32,514 · program services $16,138 · management and general $16,376

  • 16 · Occupancy

    total $174,591 · program services $174,591

  • 17 · Travel

    total $6,549 · program services $6,549

  • 19 · Conferences, conventions and meetings

    total $23,261 · program services $23,121 · management and general $140

  • 22 · Depreciation, depletion and amortization

    total $51,235 · program services $51,235

  • 23 · Insurance

    total $90,195 · program services $8,027 · management and general $82,168

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $227,876 · program services $97,765 · management and general $130,111

  • 24b · Other expenses: SERVICE FEES

    total $56,299 · program services $50,678 · management and general $5,621

  • 24c · Other expenses: RECRUITING EXPENSE

    total $53,231 · program services $53,115 · management and general $116

  • 24d · Other expenses: DUES, SUBSCRIPTIONS, AN

    total $43,583 · program services $40,551 · management and general $3,032

  • 24e · All other expenses

    total $77,874 · program services $74,872 · management and general $3,002

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,472 · end of year $1,726

  • 2 · Savings and temporary cash investments

    beginning of year $2,593,253 · end of year $2,848,365

  • 4 · Accounts receivable

    beginning of year $525,784 · end of year $599,159

  • 8 · Inventories for sale or use

    beginning of year $10,832 · end of year $10,820

  • 9 · Prepaid expenses and deferred charges

    beginning of year $125,133 · end of year $102,911

  • 10a · Land, buildings and equipment: cost or other basis

    $1,630,096

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,523,457

  • 10c · Land, buildings and equipment, net

    beginning of year $131,865 · end of year $106,639

  • 17 · Accounts payable and accrued expenses

    beginning of year $533,527 · end of year $519,843

  • 19 · Deferred revenue

    beginning of year $65,241 · end of year $291,558

  • 27 · Net assets without donor restrictions

    beginning of year $2,789,571 · end of year $2,858,219

Mission and programs · 2022

Mission

TO DEVELOP, EXPAND AND PROMOTE KNOWLEDGE AND PHYSICAL FITNESS FOR THE PURPOSE OF ENHANCING HUMAN HEALTH, WELLNESS, AND ATHLETIC PERFORMANCE.

Activities or mission (Part I)

TO DEVELOP, EXPAND AND PROMOTE KNOWLEDGE AND PHYSICAL FITNESS FOR THE PURPOSE OF ENHANCING HUMAN HEALTH WELLNESS, AND ATHLETIC PERFORMANCE.

  • NATIONAL INSTITUTE FOR FITNESS & SPORT, INC. (NIFS) IS ORGANIZED AND OPERATED EXCLUSIVELY TO SUPPORT THE EXEMPT PURPOSES OF ITS SUPPORTED ORGANIZATIONS. NIFS PROVIDES SUCH SUPPORT BY PROVIDING PROGRAMS THAT DEVELOP, EXPAND, AND PROMOTE KNOWLEDGE AND PHYSICAL FITNESS FOR THE PURPOSE OF ENHANCING HUMAN HEALTH, WELLNESS, AND ATHLETIC PERFORMANCE.

    Expenses $4,866,786 · Revenue $6,061,062

As filed on the 2022 return.

Listed in Part VII

  • JERRY TAYLOR NON-VOTING

    PRESIDENT

    Total calculated
    $240,000
    From this org
    $240,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $240,000

  • DR ROBERT BROWNE

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 40 related

  • DR MICHAEL BUSK

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 40 related

  • CAMY BROEKER

    TREASURER

    Total calculated
    $284,648
    From this org
    $0
    From related orgs
    $284,648
    Other
    $0
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $284,648 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $284,648 related

  • TOM MORRISON

    TRUSTEE

    Total calculated
    $363,263
    From this org
    $0
    From related orgs
    $363,263
    Other
    $0
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $363,263 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $363,263 related

  • JAKE OAKMAN

    TRUSTEE

    Total calculated
    $127,973
    From this org
    $0
    From related orgs
    $127,973
    Other
    $0
    Hours/week
    0.5 + 40 related

  • RAFAEL BAHAMONDE

    TRUSTEE

    Total calculated
    $286,101
    From this org
    $0
    From related orgs
    $286,101
    Other
    $0
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $286,101 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $286,101 related

  • KRISTIN BELLESON

    TRUSTEE

    Total calculated
    $275,000
    From this org
    $0
    From related orgs
    $275,000
    Other
    $0
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $275,000 related

  • MICHAEL O'CONNOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 40 related

  • EMILY DAVENPORT

    CFM DIRECTOR

    Total calculated
    $125,385
    From this org
    $125,385
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MELANIE ROBERTS

    FITNESS CENTER DIRECTOR

    Total calculated
    $105,327
    From this org
    $105,327
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
21 September 2023
IRS schema version
2022v5.0
Source object
202312659349300526

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