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Nonprofiteer
← TRIANGLE SPORTS COMMISSION INC

Form 990 for tax year 2023

Filed by TRIANGLE SPORTS COMMISSION INC.

Totals

Total revenue
$25,302,454
Total expenses
$25,279,546
Contributions and grants received
$25,302,454
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$67,408
Total liabilities, end of year
$519
Net assets or fund balances, end of year
$66,889
Program services expenses (Part IX)
$25,257,498
Management and general expenses
$22,048
Fundraising expenses
$0
Program service expenses (Part III)
$25,257,498

Program services were 99.9% 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)

    $25,000,000

  • 1f · All other contributions, gifts and grants

    $302,454

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $3,200 · management and general $3,200

  • 13 · Office expenses

    total $11,352 · management and general $11,352

  • 17 · Travel

    total $7,475 · management and general $7,475

  • 20 · Interest

    total $21 · management and general $21

  • 24a · Other expenses: 2029 FISU WORLD UNIV GAME

    total $25,257,498 · program services $25,257,498

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $43,981 · end of year $67,408

  • 25 · Other liabilities

    end of year $519

  • 31 · Retained earnings, endowment or other funds

    beginning of year $43,981 · end of year $66,889

Mission and programs · 2023

Mission

TO PROMOTE THE TRIANGLE (RALEIGH/DURHAM/CHAPEL HILL/CARY, NC) AS A PREMIER SPORTS DESTINATION AND SEEK TO POSITIVELY IMPACT THE REGION THROUGH ONE OF THE COUNTRY'S FASTEST GROWING INDUSTRIES - SPORTS TOURISM.

  • THE TRIANGLE SPORTS COMMISSION WAS AWARDED THE 2029 WORLD UNIVERSITY GAMES ON JANUARY 10, 2023 BY THE INTERNATIONAL UNIVERSITY SPORTS FEDERATION (FISU) AT A CEREMONY IN LAKE PLACID, NEW YORK, PRIOR TO THE START OF THE 2023 WINTER WORLD UNIVERSITY GAMES IN LAKE PLACID. DURING 2023, TSC WAS PRIMARILY FOCUSED ON THE PLANNING AND ORGANIZING OF THE 2029 GAMES, INCLUDING THE EXECUTION OF THE FIRST TEST EVENT OF THE GAMES, THE 2023 USA TRACK & FIELD MASTERS NATIONAL CHAMPIONSHIPS HELD AT TRUIST STADIUM AND NC A&T STATE UNIVERSITY. ALSO DURING 2023, THE TSC HELPED HOST THE INAUGURAL TOURNAMENT FOR THE LAUNCH OF THE CRICKET PRO LEAGUE IN THE UNITED STATES IN COMPETITION HELD OVER FIVE DAYS IN JULY AT CHURCH STREET PARK IN MORRISVILLE, NORTH CAROLINA.

    Expenses $25,257,498

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • McLean Bradshaw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Hill Carrow

    DIRECTOR / C

    Total calculated
    $0
    Hours/week
    10

  • Carter Cole

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Nan Hannah

    CHAIR, BOD

    Total calculated
    $0
    Hours/week
    1

  • Brian Hoyle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Susan Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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 December 2024
IRS schema version
2023v6.0
Source object
202500299349301220

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