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Nonprofiteer
← GREENSBORO SPORTS FOUNDATION

Form 990 for tax year 2023

Filed by GREENSBORO SPORTS FOUNDATION.

Totals

Total revenue
$776,714
Total expenses
$814,387
Contributions and grants received
$598,981
Grants paid
$0
Program service revenue
$155,326
Investment income
$22,407
Other revenue
$0
Total assets, end of year
$1,358,357
Total liabilities, end of year
$16,047
Net assets or fund balances, end of year
$1,342,310
Program services expenses (Part IX)
$761,623
Management and general expenses
$42,162
Fundraising expenses
$10,602
Program service expenses (Part III)
$761,623

Program services were 93.5% 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.

  • 1d · Related organizations

    $40,000

  • 1e · Government grants (contributions)

    $469,800

  • 1f · All other contributions, gifts and grants

    $89,181

  • 1g · Noncash contributions included above

    $4,800

  • 2a · Program service revenue: LOCAL ORG COM REV

    total $93,421 · excluded $93,421

  • 2b · Program service revenue: HOTEL REBATE REIMBURSEMENTS

    total $46,405 · excluded $46,405

  • 2c · Program service revenue: PROGRAM SERVICE

    total $15,500 · excluded $15,500

  • 3 · Investment income

    total $22,407 · excluded $22,407

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $314,227 · program services $292,994 · management and general $12,133 · fundraising $9,100

  • 9 · Other employee benefits

    total $11,760 · program services $10,937 · management and general $470 · fundraising $353

  • 10 · Payroll taxes

    total $22,964 · program services $21,356 · management and general $919 · fundraising $689

  • 11c · Fees: accounting

    total $22,125 · management and general $22,125

  • 11g · Fees: other

    total $15,225 · program services $14,064 · management and general $1,136 · fundraising $25

  • 12 · Advertising and promotion

    total $17,119 · program services $17,119

  • 13 · Office expenses

    total $71,142 · program services $70,711 · management and general $246 · fundraising $185

  • 14 · Information technology

    total $5,523 · program services $5,523

  • 16 · Occupancy

    total $4,800 · management and general $4,800

  • 17 · Travel

    total $9,933 · program services $9,933

  • 19 · Conferences, conventions and meetings

    total $6,250 · program services $6,250

  • 22 · Depreciation, depletion and amortization

    total -$95 · program services -$95

  • 23 · Insurance

    total $4,712 · program services $4,383 · management and general $188 · fundraising $141

  • 24a · Other expenses: GAC CAPITAL IMPROVEMENTS

    total $79,370 · program services $79,370

  • 24b · Other expenses: AAUJO EXPENSES

    total $78,447 · program services $78,447

  • 24c · Other expenses: COMMUNITY INVESTMENT

    total $26,077 · program services $26,077

  • 24d · Other expenses: AAU EXPENSES

    total $25,460 · program services $25,460

  • 24e · All other expenses

    total $99,348 · program services $99,094 · management and general $145 · fundraising $109

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,328,451 · end of year $1,339,338

  • 4 · Accounts receivable

    beginning of year $27,840 · end of year $12,390

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

    $19,646

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

    $13,017

  • 10c · Land, buildings and equipment, net

    beginning of year $6,196 · end of year $6,629

  • 17 · Accounts payable and accrued expenses

    end of year $1,047

  • 19 · Deferred revenue

    end of year $15,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,315,096 · end of year $1,294,919

  • 28 · Net assets with donor restrictions

    beginning of year $47,391 · end of year $47,391

Mission and programs · 2023

Mission

FURTHER ENHANCE TOURNAMENT TOWN REPUTATION AND BUILD AN ORGANIZATION WITH THE ABILITY TO DEVELOP STRATEGIC PARTNERS TO BETTER POSITION GREENSBORO FOR THE EXECUTION OF MAJOR SPORTS EVENTS.

Activities or mission (Part I)

TO PROMOTE AMATEUR ATHLETIC EVENTS IN GREENSBORO, NC

  • THE ORGANIZATION FOSTERS NATIONAL AMATEUR AND OTHER SPORTS COMPETITION IN THE GREENSB0R0-GUILFORD COUNTY AND PIEDMONT TRIAD, NORTH CAROLINA AREA AND FOR OTHER CHARITABLE PURPOSES, INCLUDING ATLANTIC COAST CONFERENCE GAMES AND EVENTS, REGULAR SEASON AND POST-SEASON COLLEGE GAMES AND EVENTS SANCTIONED BY THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION, AND SUCH OTHER COLLEGIATE AND OTHER SPORTING EVENTS AND AMATEUR AND OTHER SPORTS COMPETITIONS.

    Expenses $761,623 · Revenue $155,326

As filed on the 2023 return.

Listed in Part VII

  • Richard Beard

    PRESIDENT/CE

    Total calculated
    $170,000
    From this org
    $170,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $20,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $170,000
  • Demp Bradford

    VICE PRESIDE

    Total calculated
    $93,600
    From this org
    $93,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Marikay Abuzuaiter

    DIRECTOR

    Total calculated
    $0
  • Chidi Akwari

    DIRECTOR

    Total calculated
    $0
  • Steve Bowden

    DIRECTOR

    Total calculated
    $0
  • Mark Brazil

    DIRECTOR

    Total calculated
    $0
  • Frank Brenner

    DIRECTOR

    Total calculated
    $0
  • Matt Brown

    DIRECTOR

    Total calculated
    $0
  • Marc Bush

    VICE CHAIR

    Total calculated
    $0
  • Joey Cheek

    DIRECTOR

    Total calculated
    $0
  • Brent Christensen

    DIRECTOR

    Total calculated
    $0
  • Henri Fourrier

    DIRECTOR

    Total calculated
    $0
  • Frank Gilliam

    DIRECTOR

    Total calculated
    $0
  • Kelly Harrill

    SECRETARY

    Total calculated
    $0
  • Earl Hilton

    DIRECTOR

    Total calculated
    $0
  • George Hoyle

    VICE CHAIR

    Total calculated
    $0
  • Marc Isaacson

    DIRECTOR

    Total calculated
    $0
  • Scott Johnson

    DIRECTOR

    Total calculated
    $0
  • Frankie Jones Jr

    DIRECTOR

    Total calculated
    $0
  • Tyler Key

    DIRECTOR

    Total calculated
    $0
  • Jim Melvin

    CHAIR

    Total calculated
    $0
  • Donald Moore

    DIRECTOR

    Total calculated
    $0
  • Jim Phillips

    DIRECTOR

    Total calculated
    $0
  • Mark Prince

    PAST CHAIR

    Total calculated
    $0
  • Adrian Smith

    DIRECTOR

    Total calculated
    $0
  • James Smith

    TREASURER

    Total calculated
    $0
  • Steve Swetoha

    DIRECTOR

    Total calculated
    $0
  • Richard Vanore

    DIRECTOR

    Total calculated
    $0

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202531339349307593

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