Form 990 for tax year 2022
Filed by GREATER LOUISVILLE SPORTS COMMISSION.
Totals
- Total revenue
- $1,637,501
- Total expenses
- $1,561,320
- Contributions and grants received
- $743,476
- Grants paid
- $0
- Program service revenue
- $869,895
- Investment income
- $1,637
- Other revenue
- $22,493
- Total assets, end of year
- $555,597
- Total liabilities, end of year
- $328,269
- Net assets or fund balances, end of year
- $227,328
- Program services expenses (Part IX)
- $1,121,281
- Management and general expenses
- $222,553
- Fundraising expenses
- $217,486
- Program service expenses (Part III)
- $1,121,281
Program services were 71.8% 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)
$487,926
-
1f · All other contributions, gifts and grants
$255,550
-
2a · Program service revenue: EVENTS
total $869,895 · related or exempt $869,895
-
3 · Investment income
total $1,637 · excluded $1,637
-
9a · Gaming: gross income
$28,000
-
9b · Gaming: direct expenses
$5,507
-
9c · Net income from gaming
total $22,493 · unrelated business $22,493
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $262,861 · program services $182,631 · management and general $45,463 · fundraising $34,767
-
7 · Other salaries and wages
total $361,218 · program services $155,511 · management and general $67,491 · fundraising $138,216
-
8 · Pension plan contributions
total $8,595 · program services $4,641 · management and general $1,547 · fundraising $2,407
-
9 · Other employee benefits
total $64,436 · management and general $60,660 · fundraising $3,776
-
10 · Payroll taxes
total $48,960 · program services $26,439 · management and general $8,812 · fundraising $13,709
-
11g · Fees: other
total $20,340 · program services $8,950 · management and general $7,729 · fundraising $3,661
-
12 · Advertising and promotion
total $32,063 · program services $16,031 · management and general $6,413 · fundraising $9,619
-
13 · Office expenses
total $26,371 · program services $19,259 · management and general $3,253 · fundraising $3,859
-
14 · Information technology
total $1,813 · program services $907 · management and general $906
-
16 · Occupancy
total $7,662 · management and general $7,662
-
17 · Travel
total $29,200 · program services $20,440 · management and general $5,840 · fundraising $2,920
-
20 · Interest
total $4,125 · program services $2,888 · management and general $1,237
-
24a · Other expenses: EVENT SUPPORT
total $677,663 · program services $677,663
-
24b · Other expenses: MEMBERSHIPS, DUES AND S
total $8,476 · program services $4,238 · management and general $4,238
-
24c · Other expenses: CAPITAL CAMPAIGN FEES
total $4,171 · fundraising $4,171
-
24d · Other expenses: EMPLOYEE RELATIONS
total $1,270 · program services $635 · management and general $254 · fundraising $381
-
24e · All other expenses
total $2,096 · program services $1,048 · management and general $1,048
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $165,904 · end of year $138,940
-
2 · Savings and temporary cash investments
beginning of year $133,257 · end of year $163,282
-
3 · Pledges and grants receivable
beginning of year $26,150 · end of year $25,150
-
4 · Accounts receivable
beginning of year $164,223 · end of year $154,819
-
9 · Prepaid expenses and deferred charges
beginning of year $30,722 · end of year $35,480
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10c · Land, buildings and equipment, net
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $37,926
-
17 · Accounts payable and accrued expenses
beginning of year $42,104 · end of year $42,511
-
19 · Deferred revenue
beginning of year $168,845 · end of year $127,529
-
25 · Other liabilities
beginning of year $158,160 · end of year $158,229
-
27 · Net assets without donor restrictions
beginning of year $28,810 · end of year $104,674
-
28 · Net assets with donor restrictions
beginning of year $122,337 · end of year $122,654
Mission and programs · 2022
Mission
TO ATTRACT, CREATE AND HOST QUALITY SPORTING EVENTS IN THE LOUISVILLE AREA THAT INCREASE ECONOMIC VITALITY, ENHANCE THE QUALITY OF LIFE, PROMOTE HEALTHY LIFESTYLES AND BRAND LOUISVILLE AS A GREAT PLACE TO LIVE, WORK AND PLAY.
Activities or mission (Part I)
THE MISSION OF THE LOUISVILLE SPORTS COMMISSION IS TO PROMOTE ACTIVE LIFESTYLES AND ENHANCE ECONOMIC VITALITY BY ATTRACTING, CREATING, AND HOSTING QUALITY SPORTING EVENTS IN THE LOUISVILLE AREA.
-
PROMOTION AND SUPPORT FOR THE INTEREST OF SPORTS AND SPORTING ACTIVITIES TO ENHANCE THE QUALITY OF LIFE OF THE COMMUNITY.
Expenses $1,121,281 · Revenue $869,895
As filed on the 2022 return.
Listed in Part VII
-
Leigh Ann BarneyLEIGH ANN BARNEY
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
William E Summers VWILLIAM E SUMMERS V
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Steve HesterSTEVE HESTER
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Sheila HiestandSHEILA HIESTAND
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Philip S PoindexterPHILIP S POINDEXTER
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
David S BeckDAVID S BECK
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Doug BennettDOUG BENNETT
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Derek BlandDEREK BLAND
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Amy CalabreseAMY CALABRESE
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Eric GrangerERIC GRANGER
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
David JamesDAVID JAMES
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
April LaframboiseAPRIL LAFRAMBOISE
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Scott ShoenbergerSCOTT SHOENBERGER
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tawana BainTAWANA BAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joi BokeyJOI BOKEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carol BondCAROL BOND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
April BrooksAPRIL BROOKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Allison BrownALLISON BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Beth BushBETH BUSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jason ChambersJASON CHAMBERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian ClinardBRIAN CLINARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelley Dearing-SmithKELLEY DEARING-SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jerry EavesJERRY EAVES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg GalietteGREG GALIETTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brett HayesBRETT HAYES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Devone HoltDEVONE HOLT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alex KernsALEX KERNS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anthony LeachmanANTHONY LEACHMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael MasickMICHAEL MASICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael MillerMICHAEL MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John NeaceJOHN NEACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jean Lee ScottJEAN LEE SCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jay WarrenJAY WARREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott WiegandtSCOTT WIEGANDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karl SchmittKARL SCHMITT
PRESIDENT AND CEO, TERM ENDED 12/22
- Total calculated
- $167,378
- From this org
- $147,110
- From related orgs
- $0
- Other
- $20,268
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $147,110
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $20,268
- Filer's total
- $167,378
-
Gregory A FanteGREGORY A FANTE
PRESIDENT AND CEO, TERM STARTED 01/23
- Total calculated
- $100,055
- From this org
- $100,055
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Julie HowellJULIE HOWELL
CHIEF REVENUE OFFICER
- Total calculated
- $118,370
- From this org
- $100,848
- From related orgs
- $0
- Other
- $17,522
- 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
- 3 · Approval by the board or compensation committee
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
- 2022
- Filed
- 9 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401359349305410
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