LAKESHORE NATIONAL ADAPTED SPORTS ORGANIZATION

EIN: 884336392 501(c)(3) Recreation & Sports

BIRMINGHAM, AL

Total Revenue
$798,036
Total Expenses
$809,947
Total Assets
$85,188
Net Assets
$44,816
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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
AL
Principal Officer
JOHN D KEMP
Phone
2053137400
Tax Period
2023-10-01 to 2024-09-30

LAKESHORE NATIONAL ADAPTED SPORTS ORGANIZATION, founded in 2022, is a small nonprofit in the Recreation & Sports sector that reported $798K in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF THE LAKESHORE NATIONAL ADAPTED SPORTS ORGANIZATION SHALL BE TO ENABLE UNITED STATES ATHLETES TO ACHIEVE SUSTAINED COMPETITIVE EXCELLENCE IN OLYMPIC, PARALYMPIC, PAN AMERICAN, AND PARAPAN AMERICAN COMPETITION AND TO PROMOTE AND GROW THE SPORTS OF WHEELCHAIR RUGBY, BOCCIA AND OTHER SPORTS AS CERTIFIED BY THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE.

Program Service Accomplishments

Program 1
Expenses: $532,133 Revenue: $1,646

THE LAKESHORE NATIONAL ADAPTED SPORTS ORGANIZATION (LNASO) WAS CREATED AS A SUBSIDIARY OF LAKESHORE FOUNDATION TO SERVE AS THE NATIONAL GOVERNING BODY (NGB) FOR THE SPORTS OF WHEELCHAIR RUGBY, BOCCIA...

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THE LAKESHORE NATIONAL ADAPTED SPORTS ORGANIZATION (LNASO) WAS CREATED AS A SUBSIDIARY OF LAKESHORE FOUNDATION TO SERVE AS THE NATIONAL GOVERNING BODY (NGB) FOR THE SPORTS OF WHEELCHAIR RUGBY, BOCCIA AND POTENTIAL OTHER SPORTS IN THE FUTURE UNDER AGREEMENT WITH THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE (USOPC). FOR BOTH SPORTS, LNASO MANAGES THE NATIONAL TEAM NOT THE DOMESTIC LEAGUE SYSTEM.THE UNITED STATES HAS FIELDED THE MOST SUCCESSFUL NATIONAL TEAM IN WHEELCHAIR RUGBY SINCE ITS OFFICIAL INCLUSION IN THE PARALYMPIC GAMES. THE 2024 NATIONAL TEAM MEMBERS HAIL FROM ACROSS THE COUNTRY AND COME TOGETHER MONTHLY FOR CAMPS OR COMPETITIONS. AS THE NGB, LNASO IS RESPONSIBLE FOR THE ADMINISTRATION, COMPLIANCE, SUPPORT FOR HIGH PERFORMANCE AND LONG-RANGE PLANNING. THE MAJORITY OF CAMPS ARE HOSTED AT THE LAKESHORE U.S. OLYMPIC AND PARALYMPIC TRAINING SITE IN BIRMINGHAM, ALABAMA. 2024 WAS A BUSY SEASON FOR THE SQUAD WITH FOUR INTERNATIONAL COMPETITIONS INCLUDING THE PARALYMPIC GAMES PARIS 2024. WHEELCHAIR RUGBY COMPETED IN FRONT OF SOLD-OUT CROWDS IN PARIS WITH MORE THAN 85,000 FANS ACROSS THE FIVE DAYS OF COMPETITION. THE U.S. WAS ABLE TO BRING HOME THE SILVER MEDAL FROM THE GAMES CONTINUING THE STREAK OF BEING ON THE MEDAL STAND IN EVERY PARALYMPIC GAMES SINCE 2000. LNASO RECEIVED DONATED PHOTOGRAPHY SERVICES FOR THE WHEELCHAIR RUGBY TEAM IN THE CURRENT YEAR. TOTAL VALUE OF THE SERVICES RECEIVED IS $6,184 WHICH IS NOT REFLECTED IN THE FINANCIAL STATEMENTS OF THE FORM 990.

Program 2
Expenses: $277,814

BOCCIA UNITED STATES (BUS) HAS BEEN FORMED TO FOCUS ON PUTTING TOGETHER A PODIUM POTENTIAL PROGRAM FOR THE LA2028 GAMES. BUS NOW HAS BOTH A NATIONAL AND DEVELOPMENT TEAM AND HOSTS A VARIETY OF...

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BOCCIA UNITED STATES (BUS) HAS BEEN FORMED TO FOCUS ON PUTTING TOGETHER A PODIUM POTENTIAL PROGRAM FOR THE LA2028 GAMES. BUS NOW HAS BOTH A NATIONAL AND DEVELOPMENT TEAM AND HOSTS A VARIETY OF EDUCATION AND DEVELOPMENT CLINICS NATIONWIDE TO INVOLVE MORE ATHLETES IN THE SPORT OF BOCCIA. BUS ATHLETES COMPETE ON BEHALF OF THE UNITED STATES IN COMPETITIONS ACROSS THE GLOBE. AS IS THE CASE WITH WHEELCHAIR RUGBY, AS THE NGB, LNASO IS RESPONSIBLE FOR THE ADMINISTRATION, COMPLIANCE, SUPPORT FOR HIGH PERFORMANCE AND LONG-RANGE PLANNING. THE MAJORITY OF CAMPS ARE HOSTED AT THE LAKESHORE US OLYMPIC AND PARALYMPIC TRAINING SITE IN BIRMINGHAM, ALABAMA.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $796,390
Program Service Revenue $0
Investment Income $0
Other Revenue $1,646
TOTAL REVENUE $798,036

Expense Breakdown

Grants Paid $0
Salaries & Benefits $112,608
Fundraising Expenses $0
Program Expenses $809,947
Other Expenses $697,339
TOTAL EXPENSES $809,947

Year-over-Year Comparison

2023 2022 Change
Revenue $798,036 $496,846 +0.6%
Expenses $809,947 $440,119 +0.8%
Net Income $-11,911 $56,727 -1.2%
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
12
Independent Members
12
Employees
N/A
Volunteers
12

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
5
$1,042,228
Total Directors
12
$841,630
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM E HORTON DIRECTOR AND CHAIRMAN 0.10
Officer Director
$0 $0 $0
WALTER M BEALE JR DIRECTOR 0.10
Director
$0 $0 $0
LEE FREDETTE DIRECTOR 0.10
Director
$0 $0 $0
NOAH GALLOWAY DIRECTOR 0.10
Director
$0 $0 $0
PATRICK PARKES DIRECTOR 0.10
Director
$0 $0 $0
GRAHAM SISSON JR DIRECTOR 0.10
Director
$0 $0 $0
ALLISON STEPHENS DIRECTOR 0.10
Director
$0 $0 $0
NICK TAYLOR DIRECTOR 0.10
Director
$0 $0 $0
JOEL WELKER DIRECTOR 0.10
Director
$0 $0 $0
JOHN D KEMP DIRECTOR 0.10
Officer Director
$0 $24,357 $367,017
CATHY MILLER DIRECTOR AND TREASURER 0.10
Officer Director
$0 $21,206 $263,110
JEN ALLRED DIRECTOR AND SECRETARY 0.10
Officer Director
$0 $15,364 $211,503
AMY RAUWORTH CHIEF RESEARCH & INNOVATION OFFICER 0.10
Officer
$0 $19,201 $200,598
DEBBIE SMITH DIRECTOR OF HUMAN RESOURCE 0.10
Highest
$0 $5,325 $134,362
KORHAN ALTIPARMAK CONTROLLER 0.10
Highest
$0 $5,355 $117,716
CAROL KUTIK DIRECTOR OF FITNESS & HEAL 0.10
Highest
$0 $4,275 $108,948
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 $798,036 $809,947 $85,188 $-11,911
2023 $496,846 $440,119 $79,523 $56,727
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