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← AKRON MARATHON CHARITABLE CORPORATION

Form 990 for tax year 2023

Filed by AKRON MARATHON CHARITABLE CORPORATION.

Totals

Total revenue
$1,428,237
Total expenses
$1,416,074
Contributions and grants received
$697,363
Grants paid
$58,184
Program service revenue
$714,337
Investment income
$6,824
Other revenue
$9,713
Total assets, end of year
$819,195
Total liabilities, end of year
$164,169
Net assets or fund balances, end of year
$655,026
Program services expenses (Part IX)
$1,304,073
Management and general expenses
$112,001
Fundraising expenses
$0
Program service expenses (Part III)
$1,304,073

Program services were 92.1% 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.

  • 1e · Government grants (contributions)

    $75,000

  • 1f · All other contributions, gifts and grants

    $622,363

  • 2a · Program service revenue: REGISTRATION FEES

    total $714,337 · related or exempt $714,337

  • 3 · Investment income

    total $6,824 · excluded $6,824

  • 10a · Gross sales of inventory

    $34,926

  • 10b · Cost of goods sold

    $25,213

  • 10c · Net income from sales of inventory

    total $9,713 · related or exempt $9,713

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $58,184 · program services $58,184

  • 5 · Compensation of officers, directors and key employees

    total $240,588 · program services $240,588

  • 7 · Other salaries and wages

    total $151,210 · program services $151,210

  • 9 · Other employee benefits

    total $12,484 · program services $12,484

  • 10 · Payroll taxes

    total $32,845 · program services $32,845

  • 11g · Fees: other

    total $96,280 · program services $87,872 · management and general $8,408

  • 12 · Advertising and promotion

    total $89,383 · program services $89,383

  • 13 · Office expenses

    total $63,584 · program services -$1,198 · management and general $64,782

  • 16 · Occupancy

    total $11,665 · management and general $11,665

  • 17 · Travel

    total $18,093 · program services $18,093

  • 19 · Conferences, conventions and meetings

    total $21,409 · program services $21,409

  • 22 · Depreciation, depletion and amortization

    total $27,146 · management and general $27,146

  • 23 · Insurance

    total $15,903 · program services $15,903

  • 24a · Other expenses: RACE SUPPLIES/ACCOMODAT

    total $322,967 · program services $322,967

  • 24b · Other expenses: AWARDS/PRIZES

    total $205,049 · program services $205,049

  • 24c · Other expenses: EQUIPMENT RENTAL

    total $46,400 · program services $46,400

  • 24d · Other expenses: BANK FEES

    total $1,484 · program services $1,484

  • 24e · All other expenses

    total $1,400 · program services $1,400

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $52,138 · end of year $85,769

  • 2 · Savings and temporary cash investments

    beginning of year $35,742 · end of year $12,190

  • 4 · Accounts receivable

    beginning of year $29,053 · end of year $84,810

  • 8 · Inventories for sale or use

    beginning of year $13,275 · end of year $13,130

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

    $788,470

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

    $165,174

  • 10c · Land, buildings and equipment, net

    beginning of year $635,042 · end of year $623,296

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,467 · end of year $118,324

  • 19 · Deferred revenue

    beginning of year $101,920 · end of year $45,845

  • 27 · Net assets without donor restrictions

    beginning of year $642,863 · end of year $655,026

Mission and programs · 2023

Mission

PROVIDE A WORLD-CLASS MARATHON THAT PROMOTES HEALTH AND FITNESS AND ECONOMIC DEVELOPMENT, GALVANIZES THE COMMUNITY, AND BENEFITS CHARITABLE ORGANIZATIONS

Activities or mission (Part I)

PROVIDE A WORLD-CLASS MARATHON THAT PROMOTES HEALTH AND FITNESS AND OTHER CHARITABLE CAUSES.

  • FIRST ENERGY AKRON MARATHON, HALF MARATHON & TEAM RELAY AND KIDS FUN RUN - THIRD AND FINAL EVENT IN THE AKRON MARATHON RACE SERIES WHICH IS THE MARQUEE RACE WITH 7300 PARTICIPANTS AND 2,000 VOLUNTEERS.

    Expenses $1,076,304 · Grants $58,184 · Revenue $293,782

  • GOODYEAR HALF MARATHON & 10K - THE SECOND EVENT OF THE AKRON MARATHON RACE SERIES WHICH HAD 2,500 PARTICIPANTS, 350 VOLUNTEERS.

    Expenses $131,778 · Revenue $361,968

  • NATIONAL INTERSTATE 8K & 1 MILE - THE FIRST EVENT OF THE AKRON MARATHON RACE SERIES WHICH HAD 2000 PARTICIPANTS, 200 VOLUNTEERS.

    Expenses $95,991 · Revenue $68,300

As filed on the 2023 return.

Listed in Part VII

  • Melissa Johnson

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jeannine Marks

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Steven L Marks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richard Merolla

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Phil Montgomery

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Doug Grassian

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amy Freeman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nilesh Shah

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jon Oldham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Bullock

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Traci Buckner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anne Bitong

    PRESIDENT

    Total calculated
    $99,031
    From this org
    $98,221
    From related orgs
    $0
    Other
    $810
    Hours/week
    40

  • Carrie Washnock

    VICE PRESIDENT

    Total calculated
    $71,354
    From this org
    $69,870
    From related orgs
    $0
    Other
    $1,484
    Hours/week
    40

  • Laura McElrath

    VICE PRESIDENT

    Total calculated
    $70,203
    From this org
    $68,789
    From related orgs
    $0
    Other
    $1,414
    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

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2024
IRS schema version
2023v5.0
Source object
202411359349301441

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