GAZELLE SPORTS FOUNDATION

EIN: 464332296 501(c)(3) Philanthropy & Grantmaking

KALAMAZOO, MI

Total Revenue
$165,268
Total Expenses
$187,336
Total Assets
$146,900
Net Assets
$116,339
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
MI
Principal Officer
JEAN SEQUITE
Phone
2693429950
Tax Period
2024-01-01 to 2024-12-31

GAZELLE SPORTS FOUNDATION, founded in 2013, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $165K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $187K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO SUPPORT INDIVIDUALS AND ORGANIZATIONS THAT IMPLEMENT EDUCATION PROGRAMS AND ACTIVITIES INVOLVING MOVEMENT/FITNESS, FOCUSING ON GROUPS THAT HAVE BARRIERS TO INTEGRATING FITNESS IN THEIR LIVES, INCLUDING THOSE OF LOWER INCOME. GRANTEES WILL INCLUDE A BROADER SEGMENT OF OUR COMMUNITY'S POPULATION INVOLVED IN MOVEMENT/FITNESS, THEREFORE IMPROVING OVERALL COMMUNITY HEALTH.

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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 (2024)

Revenue Breakdown

Contributions & Grants $50,500
Program Service Revenue $111,805
Investment Income $2,963
Other Revenue $0
TOTAL REVENUE $165,268

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $185,847
Other Expenses $187,336
TOTAL EXPENSES $187,336

Year-over-Year Comparison

2024 2023 Change
Revenue $165,268 $197,124 -0.2%
Expenses $187,336 $197,182 0.0%
Net Income $-22,068 $-58 +379.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
90

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
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER BRUMMITT PRESIDENT 1.00
Officer Director
$0 $0 $0
JEAN SEQUITE TREASURER 1.00
Officer Director
$0 $0 $0
CARA CROSS SECRETARY 1.00
Officer Director
$0 $0 $0
CHRISTOPHER LAMPEN-CROWELL DIRECTOR 1.00
Director
$0 $0 $0
KEN SUNG DIRECTOR 1.00
Director
$0 $0 $0
SANDY BARRY LOKEN DIRECTOR 1.00
Director
$0 $0 $0
FRED BUNN DIRECTOR 1.00
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 $165,268 $187,336 $146,900 $-22,068
2023 $197,124 $197,182 $173,605 $-58
2022 $237,859 $258,420 $167,809 $-20,561
2021 $44,363 $50,489 $159,026 $-6,126
2020 $218,255 $154,089 $166,252 $64,166
2019 $456,530 $471,565 $120,410 $-15,035
2018 $326,829 $304,726 $116,021 $22,103
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