Form 990 for tax year 2023
Filed by UNITED STATES AMATEUR BOXING FOUNDATION.
Totals
- Total revenue
- $152,212
- Total expenses
- $352,289
- Contributions and grants received
- $46,742
- Grants paid
- $207,269
- Program service revenue
- $0
- Investment income
- $105,470
- Other revenue
- $0
- Total assets, end of year
- $4,790,954
- Total liabilities, end of year
- $5,246
- Net assets or fund balances, end of year
- $4,785,708
- Program services expenses (Part IX)
- $207,269
- Management and general expenses
- $65,020
- Fundraising expenses
- $80,000
- Program service expenses (Part III)
- $207,269
Program services were 58.8% 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.
-
1f · All other contributions, gifts and grants
$46,742
-
3 · Investment income
total $48,597 · excluded $48,597
-
7a · Gross sales of assets other than inventory
securities $56,873
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $56,873
-
7d · Net gain or loss
total $56,873 · excluded $56,873
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $207,269 · program services $207,269
-
11c · Fees: accounting
total $14,000 · management and general $14,000
-
11e · Fees: professional fundraising services
total $80,000 · fundraising $80,000
-
11g · Fees: other
total $7,308 · management and general $7,308
-
17 · Travel
total $39,238 · management and general $39,238
-
23 · Insurance
total $4,232 · management and general $4,232
-
24a · Other expenses: BANK CHARGES
total $189 · management and general $189
-
24b · Other expenses: COPIES & POSTAGE
total $53 · management and general $53
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $49,351 · end of year $80,517
-
4 · Accounts receivable
beginning of year $29,119 · end of year $65,669
-
9 · Prepaid expenses and deferred charges
beginning of year $4,246 · end of year $11,238
-
12 · Investments: other securities
beginning of year $4,166,465 · end of year $4,088,539
-
15 · Other assets
beginning of year $395,000 · end of year $544,991
-
18 · Grants payable
end of year $5,246
-
27 · Net assets without donor restrictions
beginning of year $4,644,181 · end of year $4,785,708
Mission and programs · 2023
Mission
TO OPERATE EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF USA BOXING, INC. FOR THE SPECIFIC PURPOSE OF RAISING FUNDS AND ACQUIRING ASSETS THAT WILL ENABLE USA BOXING, INC. TO ENCOURAGE, IMPROVE AND PROMOTE AMATEUR BOXING IN THE UNITED STATES.
Activities or mission (Part I)
TO OPERATE EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF USA BOXING, INC.
-
THE FOUNDATION PROVIDES GRANTS TO USA BOXING, INC., AN EXEMPT ORGANIZATION, TO DEVELOP AND PROMOTE THE SPORT OF AMATEUR BOXING. THE FOUNDATION PROVIDES FUNDS BASED ON AVAILABILITY AND NEED TO USA BOXING, INC. DURING 2023, $207,269 WAS GRANTED TO SUPPORT USA BOXING PROGRAMS. AS FUNDS ARE AVAILABLE, THE FOUNDATION WILL CONTINUE TO PROVIDE SUPPORT TO USA BOXING.
Expenses $207,269 · Grants $207,269
As filed on the 2023 return.
Listed in Part VII
-
Edward ReinerEDWARD REINER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Deni E AuclairDENI E AUCLAIR
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Dennis R O'ConnellDENNIS R O'CONNELL
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Elise SeignolleELISE SEIGNOLLE
TREASURER
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
Randall DickRANDALL DICK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Darrell GunterDARRELL GUNTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Bradford S SmithBRADFORD S SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Darryl SmithDARRYL SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Chris CugliariCHRIS CUGLIARI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Ike BelkIKE BELK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Todd WadlerTODD WADLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 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
-
TO SUPPORT THE OPERATIONS OF UNITED STATES AMATEUR BOXING, INC.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · NATIONAL GOVERNING BODY FOR AMATEUR BOXING IN THE UNITED STATES. · CO
Directly controlled by USA BOXING INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443209349314049
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