Form 990 for tax year 2022
Filed by ADAPTIVE SPORTS FOUNDATION INC.
Totals
- Total revenue
- $1,727,318
- Total expenses
- $1,540,671
- Contributions and grants received
- $1,027,710
- Grants paid
- $0
- Program service revenue
- $106,142
- Investment income
- $102,800
- Other revenue
- $490,666
- Total assets, end of year
- $8,604,847
- Total liabilities, end of year
- $799,749
- Net assets or fund balances, end of year
- $7,805,098
- Program services expenses (Part IX)
- $1,080,472
- Management and general expenses
- $321,756
- Fundraising expenses
- $138,443
- Program service expenses (Part III)
- $1,080,472
Program services were 70.1% 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)
$26,186
-
1f · All other contributions, gifts and grants
$1,001,524
-
1g · Noncash contributions included above
$271,022
-
2a · Program service revenue: PROGRAM REVENUE
total $106,142 · related or exempt $106,142
-
3 · Investment income
total $114,016 · excluded $114,016
-
7a · Gross sales of assets other than inventory
securities $1,354,015
-
7b · Less cost or other basis and sales expenses
securities $1,365,231
-
7c · Gain or loss
securities -$11,216
-
7d · Net gain or loss
total -$11,216 · excluded -$11,216
-
8a · Fundraising events: gross income
$559,327
-
8b · Fundraising events: direct expenses
$104,846
-
8c · Net income from fundraising events
total $454,481 · excluded $454,481
-
10a · Gross sales of inventory
$32,642
-
10b · Cost of goods sold
$6,827
-
10c · Net income from sales of inventory
total $25,815 · unrelated business $25,815
-
11a · Other revenue: LIFT LEASE INCOME
total $10,000 · excluded $10,000
-
11b · Other revenue: OTHER MISCELLANEOUS INCOME
total $370 · excluded $370
-
11e · Other revenue, total
$10,370
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $116,484 · program services $58,242 · management and general $29,121 · fundraising $29,121
-
7 · Other salaries and wages
total $397,601 · program services $278,601 · management and general $85,474 · fundraising $33,526
-
9 · Other employee benefits
total $77,423 · program services $50,730 · management and general $17,258 · fundraising $9,435
-
10 · Payroll taxes
total $44,658 · program services $29,261 · management and general $9,955 · fundraising $5,442
-
11c · Fees: accounting
total $22,465 · management and general $22,465
-
11f · Fees: investment management
total $30,044 · management and general $30,044
-
11g · Fees: other
total $94,453 · program services $68,818 · management and general $10,254 · fundraising $15,381
-
12 · Advertising and promotion
total $3,840 · fundraising $3,840
-
16 · Occupancy
total $72,682 · program services $58,656 · management and general $10,596 · fundraising $3,430
-
20 · Interest
total $28,425 · program services $18,625 · management and general $6,336 · fundraising $3,464
-
22 · Depreciation, depletion and amortization
total $132,690 · program services $86,942 · management and general $29,578 · fundraising $16,170
-
23 · Insurance
total $62,382 · program services $40,874 · management and general $13,906 · fundraising $7,602
-
24a · Other expenses: WINTER PROGRAMS EXPENSE
total $185,093 · program services $185,093
-
24b · Other expenses: SKILLED VOLUNTEER EXPEN
total $112,724 · program services $112,724
-
24c · Other expenses: WARRIOR IN MOTION PROGR
total $47,900 · program services $47,900
-
24d · Other expenses: MISCELLANEOUS EXPENSES
total $33,311 · program services $2,766 · management and general $25,854 · fundraising $4,691
-
24e · All other expenses
total $78,496 · program services $41,240 · management and general $30,915 · fundraising $6,341
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $885,396 · end of year $206,432
-
2 · Savings and temporary cash investments
beginning of year $249,480 · end of year $1,246,169
-
3 · Pledges and grants receivable
beginning of year $31,103 · end of year $16,090
-
8 · Inventories for sale or use
end of year $5,036
-
9 · Prepaid expenses and deferred charges
beginning of year $16,290 · end of year $8,232
-
10a · Land, buildings and equipment: cost or other basis
$5,272,766
-
10b · Land, buildings and equipment: accumulated depreciation
$2,468,618
-
10c · Land, buildings and equipment, net
beginning of year $2,865,364 · end of year $2,804,148
-
11 · Investments: publicly traded securities
beginning of year $2,527,650 · end of year $2,678,109
-
12 · Investments: other securities
beginning of year $1,500,431 · end of year $1,640,631
-
17 · Accounts payable and accrued expenses
beginning of year $20,388 · end of year $38,331
-
23 · Secured mortgages and notes payable
beginning of year $750,000 · end of year $750,000
-
25 · Other liabilities
beginning of year $4,710 · end of year $11,418
-
27 · Net assets without donor restrictions
beginning of year $4,013,938 · end of year $4,402,276
-
28 · Net assets with donor restrictions
beginning of year $3,286,678 · end of year $3,402,822
Mission and programs · 2022
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 $1,080,472 · Revenue $106,142
As filed on the 2022 return.
Listed in Part VII
-
Jim BarnesJIM BARNES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Michael FeeMICHAEL FEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William LawsonWILLIAM LAWSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert LuckowROBERT LUCKOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charles McGuffogCHARLES MCGUFFOG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin O'ConnorKEVIN O'CONNOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Vince PassioneVINCE PASSIONE
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 6
-
Thomas RyanTHOMAS RYAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1.5
-
L Kevin SheridanL KEVIN SHERIDAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Karen ElderKAREN ELDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laurin KleimanLAURIN KLEIMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Gwen AllardGWEN ALLARD
FOUNDER AND BOARD MEMBER EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Anna FenimoreANNA FENIMORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Philip HsuPHILIP HSU
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Stephan KiratsousSTEPHAN KIRATSOUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian J LeeBRIAN J LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott SilvermanSCOTT SILVERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John IannelliJOHN IANNELLI
EXECUTIVE DIRECTOR
- Total calculated
- $116,484
- From this org
- $116,484
- 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
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202431359349308068
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