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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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 $497K in total revenue in fiscal year 2022. Expenses of $440K left a modest 11% surplus.

Mission

THE MISSION OF LAKESHORE NATIONAL ADAPTED SPORTS ORGANIZATION (LNASO) 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 STATED OLYMPIC AND PARALYMPIC COMMITTEE.

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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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