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Nonprofiteer
← BALTIMORE SPORTS TOURISM DEVELOPMENT COUNCIL INC

Form 990 for tax year 2023

Filed by BALTIMORE SPORTS TOURISM DEVELOPMENT COUNCIL INC.

Totals

Total revenue
$5,206,191
Total expenses
$5,312,480
Contributions and grants received
$5,192,268
Grants paid
$1,500,000
Program service revenue
$0
Investment income
$0
Other revenue
$13,923
Total assets, end of year
$1,904,964
Total liabilities, end of year
$1,412,046
Net assets or fund balances, end of year
$492,918
Program services expenses (Part IX)
$5,312,480
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$5,312,480

Program services were 100.0% 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

    $5,192,268

  • 11a · Other revenue: MISCELLANEOUS

    total $13,923 · related or exempt $13,923

  • 11e · Other revenue, total

    $13,923

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,500,000 · program services $1,500,000

  • 11b · Fees: legal

    total $17,986 · program services $17,986

  • 11g · Fees: other

    total $1,399,100 · program services $1,399,100

  • 12 · Advertising and promotion

    total $837,198 · program services $837,198

  • 14 · Information technology

    total $170 · program services $170

  • 17 · Travel

    total $79,673 · program services $79,673

  • 24a · Other expenses: EVENT RENTALS, MAINTENA

    total $806,337 · program services $806,337

  • 24b · Other expenses: REGISTRATION, CLIENT FO

    total $490,517 · program services $490,517

  • 24c · Other expenses: ALLOCATED LABOR - VISIT

    total $161,249 · program services $161,249

  • 24d · Other expenses: BAD DEBT

    total $20,250 · program services $20,250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $647,331 · end of year $145,410

  • 4 · Accounts receivable

    beginning of year $20,250 · end of year $1,754,554

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $5,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $68,374 · end of year $1,362,046

  • 19 · Deferred revenue

    beginning of year $0 · end of year $50,000

  • 27 · Net assets without donor restrictions

    beginning of year $599,207 · end of year $492,918

Mission and programs · 2023

Mission

TO PURSUE, INITIATE, HOST, SPONSOR, ORGANIZE, PROMOTE, FACILITATE AND SUPPORT COLLEGIATE AND OTHER AMATEUR SPORTS AND ATHLETIC TOURNAMENTS AND EVENTS TO BE HELD IN AND AROUND THE GREATER BALTIMORE METROPOLITAN AREA IN ORDER TO PROVIDE EDUCATIONAL AND OTHER POSITIVE EXPERIENCES FOR ATHLETES, FANS AND OTHER VISITORS, AND GENERATE ECONOMIC IMPACT THROUGH TOURISM.

Activities or mission (Part I)

TO PURSUE, INITIATE, HOST, SPONSOR, ORGANIZE, PROMOTE, FACILITATE AND SUPPORT COLLEGIATE AND OTHER AMATEUR SPORTS AND ATHLETIC TOURNAMENTS AND EVENTS TO BE HELD IN AND AROUND THE GREATER BALTIMORE METROPOLITAN AREA IN ORDER TO GENERATE ECONOMIC IMPACT THROUGH TOURISM; PROVIDE EDUCATIONAL AND OTHER POSITIVE EXPERIENCES FOR ATHLETES, FANS AND OTHER VISITORS; PROVIDE ACADEMIC SCHOLARSHIPS TO SUPPORT STUDENTS IN CONNECTION WITH AMATEUR SPORTS AND ATHLETIC TOURNAMENTS AND EVENTS TO BE HELD IN AND AROUND THE GREATER BALTIMORE METROPOLITAN AREA; TO LESSEN HE BURDEN OF GOVERNMENT AND PROMOTE THE SOCIAL WELFARE OF THE CITY OF BALTIMORE AND THE STATE OF MARYLAND.

  • PROVIDE ACADEMIC SCHOLARSHIPS TO SUPPORT STUDENTS IN CONNECTION WITH AMATEUR SPORTS AND ATHLETIC TOURNAMENTS AND EVENTS TO BE HELD IN AND AROUND THE GREATER BALTIMORE METROPOLITAN AREA.

    Expenses $1,500,000 · Grants $1,500,000

  • GENERATE ECONOMIC IMPACT THROUGH TOURISM. PROVIDE EDUCATIONAL AND OTHER POSITIVE EXPERIENCES FOR ATHLETES, FANS AND OTHER VISITORS.

    Expenses $3,812,480

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Al Hutchinson

    DIRECTOR

    Total calculated
    $577,858
    From this org
    $0
    From related orgs
    $535,636
    Other
    $42,222
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $413,236 related
    Bonus
    $0 + $122,400 related
    Other
    $0
    Deferred
    $0 + $34,390 related
    Nontaxable benefits
    $0 + $7,832 related
    Filer's total
    $0 + $577,858 related

  • Terry Hasseltine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • J Howard Henderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION PAID NO COMPENSATION TO ITS OFFICER. THE OFFICER WAS COMPENSATED THROUGH VISIT BALTIMORE, INC., A RELATED ORGANIZATION. THE ORGANIZATION RELIED ON VISIT BALTIMORE, INC. TO DETERMINE COMPENSATION FOR ITS TOP MANAGEMENT OFFICIAL. VISIT BALTIMORE, INC. USES AN INDEPENDENT COMPENSATION CONSULTANT AND APPROVAL BY THE BOARD TO DETERMINE COMPENSATION.

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

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
2023
Filed
17 January 2025
IRS schema version
2023v6.0
Source object
202520179349300422

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