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Nonprofiteer
← ADAPTIVE SPORTS FOUNDATION INC

Form 990 for tax year 2024

Filed by ADAPTIVE SPORTS FOUNDATION INC.

Totals

Total revenue
$2,021,202
Total expenses
$1,788,635
Contributions and grants received
$1,075,283
Grants paid
$0
Program service revenue
$146,971
Investment income
$256,467
Other revenue
$542,481
Total assets, end of year
$10,007,438
Total liabilities, end of year
$803,303
Net assets or fund balances, end of year
$9,204,135
Program services expenses (Part IX)
$1,279,212
Management and general expenses
$353,763
Fundraising expenses
$155,660
Program service expenses (Part III)
$1,279,212

Program services were 71.5% 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.

  • 1e · Government grants (contributions)

    $33,207

  • 1f · All other contributions, gifts and grants

    $1,042,076

  • 1g · Noncash contributions included above

    $453,557

  • 2a · Program service revenue: PROGRAM REVENUE

    total $146,971 · related or exempt $146,971

  • 3 · Investment income

    total $101,371 · excluded $101,371

  • 4 · Income from investment of tax-exempt bond proceeds

    total $66,411 · excluded $66,411

  • 7a · Gross sales of assets other than inventory

    securities $2,105,989

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

    securities $2,017,304

  • 7c · Gain or loss

    securities $88,685

  • 7d · Net gain or loss

    total $88,685 · excluded $88,685

  • 8a · Fundraising events: gross income

    $653,648

  • 8b · Fundraising events: direct expenses

    $123,632

  • 8c · Net income from fundraising events

    total $530,016 · excluded $530,016

  • 10a · Gross sales of inventory

    $22,542

  • 10b · Cost of goods sold

    $21,028

  • 10c · Net income from sales of inventory

    total $1,514 · unrelated business $1,514

  • 11a · Other revenue: LIFT LEASE INCOME

    total $10,000 · excluded $10,000

  • 11b · Other revenue: OTHER MISCELLANEOUS INCOME

    total $951 · excluded $951

  • 11e · Other revenue, total

    $10,951

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $126,784 · program services $63,392 · management and general $31,696 · fundraising $31,696

  • 7 · Other salaries and wages

    total $457,469 · program services $332,152 · management and general $88,122 · fundraising $37,195

  • 9 · Other employee benefits

    total $126,570 · program services $85,689 · management and general $25,957 · fundraising $14,924

  • 10 · Payroll taxes

    total $52,549 · management and general $33,365 · fundraising $19,184

  • 11c · Fees: accounting

    total $38,723 · management and general $38,723

  • 11f · Fees: investment management

    total $42,804 · management and general $42,804

  • 11g · Fees: other

    total $17,325 · program services $12,623 · management and general $2,985 · fundraising $1,717

  • 12 · Advertising and promotion

    total $25,922 · program services $17,549 · fundraising $8,373

  • 16 · Occupancy

    total $76,098 · program services $62,828 · management and general $10,353 · fundraising $2,917

  • 20 · Interest

    total $35,775 · program services $24,220 · management and general $7,337 · fundraising $4,218

  • 22 · Depreciation, depletion and amortization

    total $121,430 · program services $82,209 · management and general $24,903 · fundraising $14,318

  • 23 · Insurance

    total $69,596 · program services $47,117 · management and general $14,273 · fundraising $8,206

  • 24a · Other expenses: WINTER PROGRAMS EXPENSE

    total $300,069 · program services $300,069

  • 24b · Other expenses: SKILLED VOLUNTEER EXPEN

    total $168,090 · program services $168,090

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $48,135 · program services $25,256 · management and general $16,449 · fundraising $6,430

  • 24d · Other expenses: WARRIOR IN MOTION PROGR

    total $28,662 · program services $28,662

  • 24e · All other expenses

    total $52,634 · program services $29,356 · management and general $16,796 · fundraising $6,482

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $232,986 · end of year $142,274

  • 2 · Savings and temporary cash investments

    beginning of year $291,154 · end of year $462,760

  • 3 · Pledges and grants receivable

    beginning of year $17,624 · end of year $88,381

  • 8 · Inventories for sale or use

    beginning of year $2,530 · end of year $1,130

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,930 · end of year $62,500

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

    $5,329,810

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

    $2,719,679

  • 10c · Land, buildings and equipment, net

    beginning of year $2,707,921 · end of year $2,610,131

  • 11 · Investments: publicly traded securities

    beginning of year $3,976,983 · end of year $4,249,784

  • 12 · Investments: other securities

    beginning of year $2,012,809 · end of year $2,390,478

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,012 · end of year $20,979

  • 23 · Secured mortgages and notes payable

    beginning of year $750,000 · end of year $750,000

  • 25 · Other liabilities

    beginning of year $13,492 · end of year $32,324

  • 27 · Net assets without donor restrictions

    beginning of year $4,794,222 · end of year $5,093,938

  • 28 · Net assets with donor restrictions

    beginning of year $3,684,211 · end of year $4,110,197

Mission and programs · 2024

Mission

SUMMER AND WINTER PROGRAMS FOR INDIVIDUALS WITH DISABILITIES

  • THE ORGANIZATION OFFERS BOTH SUMMER AND WINTER RECREATIONAL OPPORTUNITIES TO INDIVIDUALS WITH COGNITIVE AND/OR PHYSICAL DISABILITIES.

    Expenses $1,279,212 · Revenue $146,971

As filed on the 2024 return.

Listed in Part VII

  • Jim Barnes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Michael Fee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Lawson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Luckow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin O'Connor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Vince Passione

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    6

  • L Kevin Sheridan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Karen Elder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laurin Kleiman

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Anna Fenimore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Philip Hsu

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Stephan Kiratsous

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian J Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charity Guzofski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ricky McClain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Meghan Hughes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Silverman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Iannelli

    EXECUTIVE DIRECTOR

    Total calculated
    $126,783
    From this org
    $126,783
    From related orgs
    $0
    Other
    $0
    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 February 2026
IRS schema version
2024v5.5
Source object
202601349349304960

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