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← LOUISVILLE URBAN LEAGUE SPORTS AND LEARNING COMPLEX INC

Form 990 for tax year 2022

Filed by LOUISVILLE URBAN LEAGUE SPORTS AND LEARNING COMPLEX INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 15 May 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$3,715,013
Total expenses
$4,775,361
Contributions and grants received
$2,434,840
Grants paid
$0
Program service revenue
$22,662
Investment income
$3,326
Other revenue
$1,254,185
Total assets, end of year
$61,263,584
Total liabilities, end of year
$33,817,453
Net assets or fund balances, end of year
$27,446,131
Program services expenses (Part IX)
$4,624,525
Management and general expenses
$70,759
Fundraising expenses
$80,077
Program service expenses (Part III)
$4,624,525

Program services were 96.8% 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

    $2,434,840

  • 2a · Program service revenue: PROGRAM FEES & REBATES

    total $18,453 · related or exempt $18,453

  • 2b · Program service revenue: SPONSORSHIPS

    total $4,209 · related or exempt $4,209

  • 3 · Investment income

    total $3,326 · excluded $3,326

  • 6a · Gross rents

    real property $1,215,657

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,215,657

  • 6d · Net rental income or loss

    total $1,215,657 · related or exempt $1,215,657

  • 11a · Other revenue: PARKING REVENUE

    total $27,480 · related or exempt $27,480

  • 11b · Other revenue: MISCELLANEOUS

    total $11,048 · related or exempt $11,048

  • 11e · Other revenue, total

    $38,528

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $778,434 · program services $698,357 · fundraising $80,077

  • 11c · Fees: accounting

    total $24,178 · program services $24,178

  • 11g · Fees: other

    total $148,056 · program services $148,056

  • 13 · Office expenses

    total $95,921 · program services $95,921

  • 16 · Occupancy

    total $401,910 · program services $401,910

  • 20 · Interest

    total $457,946 · program services $457,946

  • 22 · Depreciation, depletion and amortization

    total $1,280,621 · program services $1,280,621

  • 23 · Insurance

    total $161,623 · program services $161,623

  • 24a · Other expenses: ADMIN EXPENSE ALLOCATIO

    total $534,870 · program services $534,870

  • 24b · Other expenses: EVENTS

    total $468,898 · program services $448,696 · management and general $20,202

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $362,696 · program services $362,696

  • 24d · Other expenses: MISCELLANEOUS

    total $50,557 · management and general $50,557

  • 24e · All other expenses

    total $9,651 · program services $9,651

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,078,529 · end of year $2,048,104

  • 3 · Pledges and grants receivable

    beginning of year $5,195,137 · end of year $3,920,099

  • 4 · Accounts receivable

    beginning of year $104,688 · end of year $46,228

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

    $39,461,676

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

    $3,152,096

  • 10c · Land, buildings and equipment, net

    beginning of year $37,335,857 · end of year $36,309,580

  • 15 · Other assets

    beginning of year $22,310,214 · end of year $18,939,573

  • 17 · Accounts payable and accrued expenses

    beginning of year $234,873 · end of year $207,998

  • 24 · Unsecured notes and loans payable

    beginning of year $38,283,073 · end of year $33,609,455

  • 27 · Net assets without donor restrictions

    beginning of year $25,120,344 · end of year $23,976,257

  • 28 · Net assets with donor restrictions

    beginning of year $3,386,135 · end of year $3,469,874

Mission and programs · 2022

Mission

LOUISVILLE URBAN LEAGUE SPORTS AND LEARNING COMPLEX, INC. IS ORGANIZED AND OPERATED TO FOSTER NATIONAL OR INTERNATIONAL AMATEUR SPORTS COMPETITION AS A QUALIFIED AMATEUR SPORTS ORGANIZATION. IN FURTHERANCE OF CHARITABLE AND EDUCATIONAL GOALS, THE ORGANIZATION STRIVES TO PROVIDE A LASTING COMMUNITY, ECONOMIC, YOUTH DEVELOPMENT, AND HEALTH AND WELL-BEING IMPACT ON THE COMMUNITY OF WEST LOUISVILLE BY RAISING FUNDS TO TRANSFORM TOXIC BROWNFIELDS AND ABANDONED PROPERTIES INTO AN AFFORDABLE HEALTH AND WELLNESS FACILITY THAT WILL PROLIFERATE AMATEUR SPORTS COMPETITION IN A TAX-EXEMPT MANNER.

Activities or mission (Part I)

LOUISVILLE URBAN LEAGUE SPORTS AND LEARNING COMPLEX, INC. (THE ORGANIZATION) IS A CHARITABLE AND EDUCATIONAL ORGANIZATION PRIMARILY ORGANIZED AND OPERATED TO FOSTER NATIONAL OR INTERNATIONAL AMATEUR SPORTS COMPETITION AS A QUALIFIED AMATEUR SPORTS ORGANIZATION. IN FURTHERANCE OF CHARITABLE AND EDUCATIONAL GOALS, THE ORGANIZATION STRIVES TO PROVIDE A LASTING COMMUNITY, ECONOMIC, YOUTH DEVELOPMENT, AND HEALTH AND WELL-BEING IMPACT ON THE COMMUNITY OF WEST LOUISVILLE BY RAISING FUNDS TO TRANSFORM TOXIC BROWNFIELDS AND ABANDONED PROPERTIES INTO AN AFFORDABLE HEALTH AND WELLNESS FACILITY THAT WILL PROLIFERATE AMATEUR SPORTS COMPETITION IN A TAX-EXEMPT MANNER.

  • LOUISVILLE URBAN LEAGUE SPORTS AND LEARNING COMPLEX, INC. (THE ORGANIZATION) IS A CHARITABLE AND EDUCATIONAL ORGANIZATION PRIMARILY ORGANIZED AND OPERATED TO FOSTER NATIONAL OR INTERNATIONAL AMATEUR SPORTS COMPETITION AS A QUALIFIED AMATEUR SPORTS ORGANIZATION. IN FURTHERANCE OF CHARITABLE AND EDUCATIONAL GOALS, THE ORGANIZATION STRIVES TO PROVIDE A LASTING COMMUNITY, ECONOMIC, YOUTH DEVELOPMENT, AND HEALTH AND WELL-BEING IMPACT ON THE COMMUNITY OF WEST LOUISVILLE BY RAISING FUNDS TO TRANSFORM TOXIC BROWNFIELDS AND ABANDONED PROPERTIES INTO AN AFFORDABLE HEALTH AND WELLNESS FACILITY THAT WILL PROLIFERATE AMATEUR SPORTS COMPETITION IN A TAX-EXEMPT MANNER.

    Expenses $4,624,525 · Revenue $1,276,847

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Wade Houston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Morton

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Sadiqa Reynolds

    PRESIDENT & CEO

    Total calculated
    $295,825
    From this org
    $0
    From related orgs
    $271,735
    Other
    $24,090
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $271,735 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $24,090 related
    Filer's total
    $0 + $295,825 related

  • Rhonda Mitchell

    TREASURER

    Total calculated
    $142,677
    From this org
    $0
    From related orgs
    $131,673
    Other
    $11,004
    Hours/week
    5 + 40 related

  • Cleo Battle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anthony Leachman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greg Fonte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 1A
SADIQA REYNOLDS COMPENSATION AND BENEFITS ARE APPROVED BY THE LOUISVILLE URBAN LEAGUE'S BOARD OF DIRECTORS.

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
14 May 2024
IRS schema version
2022v5.0
Source object
202441359349309964

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