OUTER BANKS SPORTING EVENTS INC

EIN: 383804133 501(c)(3) Recreation & Sports

KILL DEVIL HILLS, NC

Total Revenue
$291,177
Total Expenses
$303,806
Total Assets
$91,427
Net Assets
$-107,115
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Principal Officer
HUGH RAWLINS
Phone
2522612004
Tax Period
2023-01-01 to 2023-12-31

OUTER BANKS SPORTING EVENTS INC, founded in 2009, is a small nonprofit in the Recreation & Sports sector that reported $291K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

TO ORGANIZE AND PROMOTE SPORTS COMPETITION AND HEALTHY LIVING WHILE CONTRIBUTING TO LOCAL ECONOMIC DEVELOPMENT AND PROVIDNG FINANCIAL RESOURCES TO OHTER NON-PROFITS LOCATED ON THE OUTER BANKS OF NORTH CAROLINA.

Program Service Accomplishments

Program 1
Expenses: $166,999 Revenue: $180,899

THE OUTER BANKS MARATHON/HALF MARATHON IS OUR SIGNATURE EVENT. THIS EVENT IS RUN ON VETERANS DAY WEEKEND IN ORDER TO TAKE ADVANTAGE OF THE EXTRA LONG WEEKEND AND COOL FALL WEATHER. EVENTS INCLUDE...

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THE OUTER BANKS MARATHON/HALF MARATHON IS OUR SIGNATURE EVENT. THIS EVENT IS RUN ON VETERANS DAY WEEKEND IN ORDER TO TAKE ADVANTAGE OF THE EXTRA LONG WEEKEND AND COOL FALL WEATHER. EVENTS INCLUDE SOMETHING FOR EVERYONE; A FUN RUN, 5K, 10K, HALF AND FULL MARATHON. OBSE PARTNERS WITH GOFAR - AN ORGANIZATION WHICH PROMOTES AND COORDINATES HEALTHY YOUTH RUNNING, TRAINING, PROGRAMS TO PARTICIPATE IN THE FUN RUN AND 5K EVENTS. THERE IS A FAMILY FRIENDLY ATMOSPHERE WITH VENDORS AND KID FRIENDLY ACTIVITIES. THE POST RACE FESTIVAL ON SUNDAY CONCLUDES AT THE WRIGHT BROTHERS NATIONAL MEMORIAL WITH TOHUSANDS GATHERING TO ENJOY THE MUSIC, FOOD AND FUN, WHILE WATCHING RUNNERS FINISH THE HALF AND FULL MARATHONS.

Program 2
Expenses: $51,066 Revenue: $55,316

THE FLYING PIRATE HALF MARATHON IS ORGANIZED TO BRING VISITORS TO THE OUTER BANKS AND ICNREASE ECONOMIC DEVELOPMENT DURING A TYPICALLY SLOW PORTION OF THE TOURIST SEASON AND TO FOSTER NATIONAL AND...

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THE FLYING PIRATE HALF MARATHON IS ORGANIZED TO BRING VISITORS TO THE OUTER BANKS AND ICNREASE ECONOMIC DEVELOPMENT DURING A TYPICALLY SLOW PORTION OF THE TOURIST SEASON AND TO FOSTER NATIONAL AND INTERNATIONAL AMATEUR SPORTS COMPETITION.

Program 3
Expenses: $36,938 Revenue: $40,012

THE OUTER BANKS TRIATHLON IS A SERIES OF TWO TRIATHLONS WHICH OFFER SOMETHING FOR ALL SKILL LEVELS. THERE IS ALSO AN OPPORTUNITY TO COMPETE AS RELAY TEAMS WHICH GIVES ATHLETES THE CHANCE TO PAIR WITH...

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THE OUTER BANKS TRIATHLON IS A SERIES OF TWO TRIATHLONS WHICH OFFER SOMETHING FOR ALL SKILL LEVELS. THERE IS ALSO AN OPPORTUNITY TO COMPETE AS RELAY TEAMS WHICH GIVES ATHLETES THE CHANCE TO PAIR WITH OTHERS IN THEIR AREAS OF EXPERTISE TO COMPETE A TRIATHLON. THE TRIATHLON ENCOURAGES HEALTHY LIVING AND FITNESS AS A RUNNER, CYCLIST AND/OR SWIMMER. THIS EVENT BROUGHT OVER 300 ATHLETES AND THEIR FAMILIES TO THE AREA IN SEPTEMBER, WHEN TOURISM STARTS TO WANE YET THE WEATHER AND WATERS ARE STILL WARM ENOUGH TO ENJOY. EXPOSURE TO THE OUTER BANKS ENVIRONMENT DURING THIS TIME OF YEAR WILL ENCOURGAE VISITORS TO RETURN FOR A HOLIDAY OR LONGER VACATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $52,770
Program Service Revenue $238,407
Investment Income $0
Other Revenue $0
TOTAL REVENUE $291,177

Expense Breakdown

Grants Paid $0
Salaries & Benefits $59,349
Fundraising Expenses $14,359
Program Expenses $268,803
Other Expenses $244,457
TOTAL EXPENSES $303,806

Year-over-Year Comparison

2023 2022 Change
Revenue $291,177 $382,997 -0.2%
Expenses $303,806 $404,703 -0.2%
Net Income $-12,629 $-21,706 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
3
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLIE DAVIDSON BOARD MEMBER 2.00
Director
$0 $0 $0
MARTIN DONLAN TREASURER 5.00
Officer Director
$0 $0 $0
MEREDITH FOREMAN BOARD MEMBER 2.00
Director
$0 $0 $0
HUGH RAWLINS PRESIDENT 2.00
Officer Director
$0 $0 $0
GLEN THOMPSON SECRETARY 2.00
Officer Director
$0 $0 $0
ADRIAN TILLETT BOARD MEMBER 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $291,177 $303,806 $91,427 $-12,629
2022 $382,997 $404,703 $187,296 $-21,706
2021 $98,176 $163,187 $195,912 $-65,011
2020 $164,137 $168,636 $208,263 $-4,499
2020 $163,977 $156,619 $219,176 $7,358
2019 $528,816 $466,896 $83,873 $61,920
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