Sport Net America Inc.
Overview
Sport Net America Inc. is a registered nonprofit organization based in Evansville, Indiana, dedicated to supporting amateur sports competitions across the United States. The organization is classified under the National Taxonomy of Exempt Entities (NTEE) as a recreational and sports organization, focusing on fostering national or international amateur sports competition.
Mission
The primary mission of Sport Net America Inc. is to promote athletic engagement and participation among youth and amateur athletes. This involves providing resources and support for various sporting events and activities, although the organization itself does not supply athletic facilities or equipment directly.
Financial Information
As of the fiscal year ending December 2023, Sport Net America Inc. reported total revenues of approximately $135,000 and total expenses of around $120,000. The organization maintains total assets of $78,700 and has no recorded liabilities, reflecting a stable financial position. The majority of its revenue comes from contributions, amounting to $101,879, which constitutes 100% of total revenue for the year[1][4].
Key Financial Data
| Financial Metric | 2023 |
|---|---|
| Total Revenue | $135,000 |
| Total Expenses | $120,000 |
| Total Assets | $78,700 |
| Total Liabilities | $0 |
| Contributions | $101,879 |
Leadership
The leadership team of Sport Net America Inc. includes individuals dedicated to steering the organization's mission. Notably, Roger Mason serves as the Executive Director, with a reported compensation of $83,930. Other board members, including Norman Snyder (Board Chair) and Michael Deeg and Michael Bartholomew (Directors), serve without reported compensation[1].
Tax Status
Sport Net America Inc. is recognized as a 501(c)(3) charitable organization, allowing it to receive tax-deductible donations. This tax-exempt status has been in effect since October 2018, which enables the organization to further its charitable purposes and support amateur sports initiatives[5].
Conclusion
Sport Net America Inc. plays a vital role in promoting sports participation among amateur athletes in the U.S. Through its focused contributions and stable financial practices, it continues to impact the sports community positively.
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