SVG SPORTS BROADCASTING FUND

EIN: 842588096 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$280,329
Total Expenses
$285,785
Total Assets
$916,069
Net Assets
$916,069
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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
2019
Legal Domicile
NY
Principal Officer
KEN AAGAARD
Phone
9174464412
Tax Period
2023-01-01 to 2023-12-31

SVG SPORTS BROADCASTING FUND, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $280K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Net assets of $916K represent 39 months of operating reserves.

Mission

SVG SPORTS BROADCASTING FUND (THE ORGANIZATION") WAS FORMED ON AS A NON-STOCK, NON-FOR-PROFIT CORPORATION UNDER THE GENERAL CORPORATION LAW OF THE STATE OF DELAWARE. THE ORGANIZATION WAS FORMED TO OFFER EMERGENCY FINANCIAL SUPPORT FOR INDUSTRY PROFESSIONALS WHO FIND THEMSELVES IN A DIFFICULT FINANCIAL SPOT DUE TO CALAMITY, ILLNESS, INJURY, OR LOSS OF LIFE. THE FUND WILL PROVIDE PAYMENT OF DOCUMENTED EXPENSES INCLUDING, BUT NOT LIMITED TO MEDICINE, MEDICAL EQUIPMENT, RENT/MORTGAGE PAYMENTS, CLOTHING, AND FUNERAL EXPENSES FOR PROFESSIONALS IN THE SPORTS BROADCASTING FIELD, WHO HAVE WORKED IN THE INDUSTRY FOR AT LEAST ONE YEAR AND WHO APPLY FOR AID BASED ON DEMONSTRATED SHORT-TERM FINANCIAL NEED.

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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 $280,227
Program Service Revenue $0
Investment Income $102
Other Revenue $0
TOTAL REVENUE $280,329

Expense Breakdown

Grants Paid $226,710
Salaries & Benefits $48,442
Fundraising Expenses $0
Program Expenses $275,152
Other Expenses $10,633
TOTAL EXPENSES $285,785

Year-over-Year Comparison

2023 2022 Change
Revenue $280,329 $223,525 +0.3%
Expenses $285,785 $244,860 +0.2%
Net Income $-5,456 $-21,335 -0.7%
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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
1
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
6
$45,000
Total Directors
11
$45,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEN AAGAARD PRESIDENT 5.00
Officer Director
$0 $0 $0
PAUL GALLO TREASURER 5.00
Officer Director
$0 $0 $0
TOM SAHARA VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
STEVE HELLMUTH VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KEN KERSCHBAUMER SECRETARY 5.00
Officer Director
$0 $0 $0
CARRIE BOWDEN ADMINISTRATOR 20.00
Officer Director
$45,000 $0 $45,000
PATTY POWER DIRECTOR 1.00
Director
$0 $0 $0
MIKE DAVIES DIRECTOR 1.00
Director
$0 $0 $0
SUSAN STONE DIRECTOR 1.00
Director
$0 $0 $0
ANDREA BERRY DIRECTOR 1.00
Director
$0 $0 $0
DEB HONKUS 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 No data No data No data No data
2023 $280,329 $285,785 $916,069 $-5,456
2022 $223,525 $244,860 $947,274 $-21,335
2021 $201,155 $310,437 $968,609 $-109,282
2020 $566,080 $278,797 $1,077,891 $287,283
2019 $833,823 $43,215 $790,608 $790,608
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