Form 990 for tax year 2023
Filed by SOUTHERN YOUTH SPORTS ASSOCIATION INC.
Totals
- Total revenue
- $391,764
- Total expenses
- $223,978
- Contributions and grants received
- $277,023
- Grants paid
- $250
- Program service revenue
- $94,500
- Investment income
- $1,986
- Other revenue
- $18,255
- Total assets, end of year
- $1,287,661
- Total liabilities, end of year
- $3,846
- Net assets or fund balances, end of year
- $1,283,815
- Program services expenses (Part IX)
- $207,429
- Management and general expenses
- $16,549
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $207,429
Program services were 92.6% 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.
-
1c · Fundraising events
$50,900
-
1f · All other contributions, gifts and grants
$226,123
-
2a · Program service revenue: LEAGUE REGISTRATION
total $70,027 · related or exempt $70,027
-
2b · Program service revenue: TOURNAMENTS
total $24,473 · related or exempt $24,473
-
3 · Investment income
total $1,986 · related or exempt $1,986
-
8a · Fundraising events: gross income
$17,337
-
8a · Fundraising events: contributions included on line 1c
$50,900
-
8b · Fundraising events: direct expenses
$6,317
-
8c · Net income from fundraising events
total $11,020 · excluded $11,021
-
10a · Gross sales of inventory
$13,647
-
10b · Cost of goods sold
$6,412
-
10c · Net income from sales of inventory
total $7,235 · related or exempt $7,236
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $250 · program services $250
-
5 · Compensation of officers, directors and key employees
total $90,050 · program services $90,050
-
7 · Other salaries and wages
total $14,466 · program services $14,466
-
10 · Payroll taxes
total $8,074 · program services $8,074
-
11c · Fees: accounting
total $1,800 · management and general $1,800
-
12 · Advertising and promotion
total $1,568 · program services $1,568
-
13 · Office expenses
total $7,215 · management and general $7,215
-
14 · Information technology
total $6,374 · management and general $6,374
-
16 · Occupancy
total $5,596 · program services $5,596
-
17 · Travel
total $9,458 · program services $9,458
-
20 · Interest
total $135 · management and general $135
-
22 · Depreciation, depletion and amortization
total $9,724 · program services $9,724
-
23 · Insurance
total $5,005 · program services $5,005
-
24a · Other expenses: LEAGUE REGISTRATION
total $15,149 · program services $15,149
-
24b · Other expenses: UNIFORM, EQUIP., TROPHIES
total $47,129 · program services $47,129
-
24c · Other expenses: LIC. AND TAX
total $960 · program services $960
-
24d · Other expenses: OFFICE R&M
total $1,025 · management and general $1,025
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $815,093 · end of year $989,980
-
2 · Savings and temporary cash investments
beginning of year $149,538 · end of year $151,524
-
8 · Inventories for sale or use
beginning of year $1,000 · end of year $1,668
-
10a · Land, buildings and equipment: cost or other basis
$260,067
-
10b · Land, buildings and equipment: accumulated depreciation
$115,578
-
10c · Land, buildings and equipment, net
beginning of year $154,213 · end of year $144,489
-
17 · Accounts payable and accrued expenses
beginning of year $3,815 · end of year $3,846
-
27 · Net assets without donor restrictions
beginning of year $695,589 · end of year $763,375
-
28 · Net assets with donor restrictions
beginning of year $420,440 · end of year $520,440
Mission and programs · 2023
Mission
PROVIDE INNER CITY YOUTH WITH SPORTS AND RECREATIONAL ACTIVITIES
Activities or mission (Part I)
SPORTS LEAGUE AND TRAVELING BASKETBALL LEAGUE SERVING APPROX 800 INNER CITY YOUTHS INCLUDING TOURNAMENTS AND TROPHIES
-
YOUTH SPORTS
Expenses $207,429 · Revenue $83,674
-
SOUL BOWL TOURNAMENT
Revenue $24,473
-
LIVING THE DREAM
Revenue $11,020
As filed on the 2023 return.
Listed in Part VII
-
LUMON MAY
VICE PRES
- Total calculated
- $0
- Hours/week
- 15
-
RAY PALMER
BOARD
- Total calculated
- $0
- Hours/week
- 5
-
ARDELIA WILSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 10
-
ELDER WATKINS
BOARD
- Total calculated
- $0
- Hours/week
- 5
-
JOHN CHANDLER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
LADONNA MAY
BOARD
- Total calculated
- $0
- Hours/week
- 5
-
LORRAINE JESSU
BOARD
- Total calculated
- $0
- Hours/week
- 5
-
TAMMIE MAY
KEY EMPLOYEE
- Total calculated
- $90,050
- From this org
- $90,050
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 October 2024
- IRS schema version
- 2023v5.0
- Source object
- 202423029349301552
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