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Nonprofiteer
← IBC YOUTH BOWLING INC

Form 990 for tax year 2023

Filed by IBC YOUTH BOWLING INC.

Totals

Total revenue
$2,713,381
Total expenses
$3,670,401
Contributions and grants received
$0
Grants paid
$614,738
Program service revenue
$2,459,822
Investment income
$46,170
Other revenue
$207,389
Total assets, end of year
$3,027,478
Total liabilities, end of year
$776,500
Net assets or fund balances, end of year
$2,250,978
Program services expenses (Part IX)
$3,348,419
Management and general expenses
$321,982
Fundraising expenses
$0
Program service expenses (Part III)
$3,348,419

Program services were 91.2% 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.

  • 2a · Program service revenue: TOURNAMENT FEES

    total $1,456,568 · related or exempt $1,456,568

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $771,222 · related or exempt $771,222

  • 2c · Program service revenue: SPONSORSHIP INCOME

    total $232,032 · related or exempt $204,943 · unrelated business $27,089

  • 3 · Investment income

    total $66,512 · excluded $66,512

  • 5 · Royalties

    total $193,420 · excluded $193,420

  • 7a · Gross sales of assets other than inventory

    securities $500,000

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

    securities $520,342

  • 7c · Gain or loss

    securities -$20,342

  • 7d · Net gain or loss

    total -$20,342 · excluded -$20,342

  • 10a · Gross sales of inventory

    $40,804

  • 10b · Cost of goods sold

    $34,517

  • 10c · Net income from sales of inventory

    total $6,287 · related or exempt $6,287

  • 11a · Other revenue: MISCELLANEOUS

    total $7,682 · related or exempt $7,682

  • 11e · Other revenue, total

    $7,682

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $614,738 · program services $614,738

  • 5 · Compensation of officers, directors and key employees

    total $137,116 · program services $91,868 · management and general $45,248

  • 7 · Other salaries and wages

    total $418,758 · program services $280,568 · management and general $138,190

  • 8 · Pension plan contributions

    total $8,723 · program services $5,844 · management and general $2,879

  • 9 · Other employee benefits

    total $81,854 · program services $54,842 · management and general $27,012

  • 10 · Payroll taxes

    total $35,652 · program services $23,887 · management and general $11,765

  • 11b · Fees: legal

    total $278 · management and general $278

  • 11c · Fees: accounting

    total $24,038 · management and general $24,038

  • 11f · Fees: investment management

    total $6,089 · management and general $6,089

  • 11g · Fees: other

    total $790,539 · program services $790,539

  • 12 · Advertising and promotion

    total $101,034 · program services $101,034

  • 13 · Office expenses

    total $216,412 · program services $202,897 · management and general $13,515

  • 14 · Information technology

    total $39,471 · management and general $39,471

  • 17 · Travel

    total $399,466 · program services $399,466

  • 22 · Depreciation, depletion and amortization

    total $91,483 · program services $91,483

  • 23 · Insurance

    total $1,854 · management and general $1,854

  • 24a · Other expenses: LINEAGE

    total $373,882 · program services $373,882

  • 24b · Other expenses: AWARDS

    total $242,666 · program services $236,469 · management and general $6,197

  • 24c · Other expenses: TAXES

    total $70,799 · program services $65,353 · management and general $5,446

  • 24d · Other expenses: MEMBERSHIP EXPENSES

    total $15,372 · program services $15,372

  • 24e · All other expenses

    total $177 · program services $177

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $654,603 · end of year $185,600

  • 4 · Accounts receivable

    beginning of year $1,511 · end of year $6,576

  • 8 · Inventories for sale or use

    beginning of year $37,801 · end of year $55,301

  • 9 · Prepaid expenses and deferred charges

    beginning of year $70,065 · end of year $86,339

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

    $649,024

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

    $320,080

  • 10c · Land, buildings and equipment, net

    beginning of year $420,428 · end of year $328,944

  • 11 · Investments: publicly traded securities

    beginning of year $2,470,672 · end of year $2,364,718

  • 17 · Accounts payable and accrued expenses

    beginning of year $84,497 · end of year $48,434

  • 19 · Deferred revenue

    beginning of year $716,898 · end of year $728,066

  • 27 · Net assets without donor restrictions

    beginning of year $2,853,685 · end of year $2,250,978

Mission and programs · 2023

Mission

PROVIDE RESOURCES AND EDUCATION THAT INSPIRE OTHERS TO PROVIDE A SAFE, POSITIVE AND FUN ENVIRONMENT FOR ATHLETES OF ALL AGES AND SKILL LEVELS.

Activities or mission (Part I)

PROVIDE RESOURCES AND EDUCATION TO PROVIDE A SAFE, POSITIVE, AND FUN ENVIRONMENT FOR BOWLING ATHLETES.

  • MEMBERSHIP SERVICES - IN EXCHANGE FOR MEMBERSHIPS, IBC YOUTH SUPPORTS THE SPORT OF BOWLING AND CELEBRATES THE PAST WHILE ENSURING THE FUTURE. MEMBERS ALSO RECEIVE DISCOUNTS WITH VARIOUS ORGANIZATIONS.

    Expenses $244,255 · Revenue $771,222

  • TOURNAMENTS - IBC YOUTH WILL ORGANIZE YOUTH TOURNAMENTS WHERE YOUTH CAN COMPETE FOR SCHOLARSHIPS AND OTHER PRIZES. THESE TOURNAMENTS WILL BE CONTROLLED BY UNITED STATES BOWLING CONGRESS RULES AND REGULATIONS GOVERNING THE SPORT OF BOWLING.

    Expenses $2,217,636 · Grants $614,738 · Revenue $1,456,568

  • PUBLIC RELATIONS, MARKETING, INDUSTRY RELATIONSHIP

    Expenses $886,528 · Revenue $218,912

As filed on the 2023 return.

Listed in Part VII

  • Chad Murphy

    PRESIDENT

    Total calculated
    $475,400
    From this org
    $0
    From related orgs
    $420,573
    Other
    $54,827
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $357,301 related
    Bonus
    $0 + $63,272 related
    Other
    $0
    Deferred
    $0 + $14,913 related
    Nontaxable benefits
    $0 + $39,914 related
    Filer's total
    $0 + $475,400 related

  • Frank Desocio

    VICE PRESIDENT

    Total calculated
    $413,457
    From this org
    $0
    From related orgs
    $387,971
    Other
    $25,486
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $291,671 related
    Bonus
    $0 + $83,300 related
    Other
    $0 + $13,000 related
    Deferred
    $0 + $11,600 related
    Nontaxable benefits
    $0 + $13,886 related
    Filer's total
    $0 + $413,457 related

  • Melissa McDaniel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4.5 related

  • Kevin Krauss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 12.5 related

  • Gary Brown

    MANAGING DIRECTOR OF IBC YOUTH DEVELOPMENT

    Total calculated
    $137,116
    From this org
    $100,426
    From related orgs
    $0
    Other
    $36,690
    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

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

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
2023
Filed
28 August 2024
IRS schema version
2023v5.1
Source object
202422439349301552

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