Civic Intelligence

North Carolina Sports Legacy Foundation

EIN 46-1113072 • 501(c)3 • Charlotte, NC

Profile

Form 990-ez, part iii, primary exempt purpose - the purpose of promote theyouth foundation is to promote the proper development of promisingyoung athletes is support of the united states olympic committee,related national governing bodies for olympic sports and the olympicmovement. In addition, to providing funding to like-minded organizations, promote the youth plans to provide scholarships andgrants on behalf of aspiring young athletes to a broad range of olympiccertified and national training facilities.the purpose of the scholarship or grant is to allow a promising youngathlete to obtain access to state of the art training facilites,physical therapy, professional trainers, medical staff, past andcurrent olympians and other personnel, which would be cost prohibitivefor many of these athletes with support from promote the youth.scholarships and grants will be provided on an annual basis toqualifying athletes.

9319 Robert D Snyder Road Suite 41Charlotte, NC 28223

promotetheyouth.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

0.58x

Higher debt load relative to assets than 97% of similar nonprofits.

NTEE T • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

0.27x

Higher debt load relative to revenue than 90% of similar nonprofits.

NTEE T • $10M-$25M nonprofits • Source year 2024

Net Margin

68th percentile

47%

Higher net margin than 68% of similar nonprofits.

NTEE T • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

67th percentile

$0

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE T • $10M-$25M nonprofits • Source year 2024

Asset Growth

100th percentile

971766%

Faster asset growth than 100% of similar nonprofits.

NTEE T • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

100th percentile

482727%

Faster revenue growth than 100% of similar nonprofits.

NTEE T • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$11,244,484

Up $11,243,327 (+971766%) from 2023

Liabilities

Down

$6,542,261

Down $101,423 (-1.5%) from 2023

Net Assets

Up

$4,702,223

Up $11,344,750 (+171%) from 2023

Revenue

Up

$24,141,353

Up $24,136,353 (+482727%) from 2023

Expenses

Up

$12,796,603

Up $6,149,076 (+93%) from 2023

Net Income

Up

$11,344,750

Up $17,987,277 (+271%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0-$5.0M-$10MAssets 2013: $30,064Liabilities 2013: $0Net Assets 2013: $30,0642013Assets 2014: $398Liabilities 2014: $0Net Assets 2014: $3982014Assets 2015: $14,603Liabilities 2015: $0Net Assets 2015: $14,6032015Assets 2016: $134,655Liabilities 2016: $0Net Assets 2016: $134,6552016Assets 2017: $18Liabilities 2017: $0Net Assets 2017: $182017Assets 2018: $0Liabilities 2018: $7Net Assets 2018: -$72018Assets 2019: $6Liabilities 2019: $1Net Assets 2019: $62019Assets 2020: $6Liabilities 2020: $1Net Assets 2020: $62020Assets 2021: $6Liabilities 2021: $20Net Assets 2021: -$142021Assets 2022: $1Liabilities 2022: $1Net Assets 2022: $02022Assets 2023: $1,157Liabilities 2023: $6,643,684Net Assets 2023: -$6,642,5272023Assets 2024: $11,244,484Liabilities 2024: $6,542,261Net Assets 2024: $4,702,2232024

Highlighted filing

2024

Assets$11,244,484
Liabilities$6,542,261
Net Assets$4,702,223

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MRevenue 2013: $64,132Expenses 2013: $34,068Net Income 2013: $30,0642013Revenue 2014: $80,720Expenses 2014: $110,386Net Income 2014: -$29,6662014Revenue 2015: $167,500Expenses 2015: $153,295Net Income 2015: $14,2052015Revenue 2016: $31,028Expenses 2016: $30,981Net Income 2016: $472016Revenue 2017: $22,194Expenses 2017: $22,218Net Income 2017: -$242017Revenue 2018: $13,050Expenses 2018: $13,075Net Income 2018: -$252018Revenue 2019: $12,020Expenses 2019: $12,007Net Income 2019: $132019Revenue 2020: $10,000Expenses 2020: $10,000Net Income 2020: $02020Revenue 2021: $15,000Expenses 2021: $15,020Net Income 2021: -$202021Revenue 2022: $110Expenses 2022: $40Net Income 2022: $702022Revenue 2023: $5,000Expenses 2023: $6,647,527Net Income 2023: -$6,642,5272023Revenue 2024: $24,141,353Expenses 2024: $12,796,603Net Income 2024: $11,344,7502024

Highlighted filing

2024

Revenue$24,141,353
Expenses$12,796,603
Net Income$11,344,750

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Mission and Program Overview

Mission

Form 990-ez, part iii, primary exempt purpose - the purpose of promote theyouth foundation is to promote the proper development of promisingyoung athletes is support of the united states olympic committee,related national governing bodies for olympic sports and the olympicmovement. In addition, to providing funding to like-minded organizations, promote the youth plans to provide scholarships andgrants on behalf of aspiring young athletes to a broad range of olympiccertified and national training facilities.the purpose of the scholarship or grant is to allow a promising youngathlete to obtain access to state of the art training facilites,physical therapy, professional trainers, medical staff, past andcurrent olympians and other personnel, which would be cost prohibitivefor many of these athletes with support from promote the youth.scholarships and grants will be provided on an annual basis toqualifying athletes.

Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ROBERT BURTONMember-$0--
WALT PETTITChairman-$0--
DR CHARLES DEPAOLOMember-$0--
Filing and Contact Details

Filer

Filer Name
North Carolina Sports Legacy Foundation
EIN
46-1113072
Phone
7048067910
Address
9319 ROBERT D SNYDER ROAD SUITE 41, CHARLOTTE, NC 28223

Signing Officer

Name
Walt Pettit
Title
Chairman
Phone
7048067910
Signed
2025-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Elliott Davis Advisory LLC
Address
500 EAST MOREHEAD STREET SUITE 700, CHARLOTTE, NC 28202
Preparer
Janice a Ratica
Phone
7043338881
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IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd00
IRS990PF/StatementsRegardingActyGrp/TaxReimbursedAmt00
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt8GRANT DONATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt9GRANT DONATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt10GRANT DONATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt11SWIMMING TRAINING CAMP
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt12GRANT DONATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt13MULTIPLE EDUCATIONAL GRANTS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt14TRAINING AND OPERATIONS
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt1NATIONAL COLLEGIATE BOXING ASSOCIATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt2UNITED STATES FIELD HOCKEY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt3US YOUTH SOCCER
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt9USA PENTATHALON
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt11USA SYNCHRONIZED SWIMMING
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt12USA TABLE TENNIS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt13USA TAEKWONDO
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt14USA TRIATHOLON
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt8PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt9PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt10PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt11PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt12PC
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt14PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt0NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt1NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt2NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt3NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt4NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt5NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt6NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt7NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt8NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt9NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt10NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt11NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt12NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt13NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt14NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0PO BOX 7996
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt25540 N ACADEMY BLVD SUITE 100
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt39220 WORLD CUP WAY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt4210 USA CYCLING POINT STE 130
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt6303 HOLLY CIRCLE
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt111 OLYMPIC PLAZA
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt139319 ROBERT D SNYDER ROAD SUITE 415
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt145825 DELMONICO DR SUITE 200
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm9CHARLOTTE
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd1PA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd2CO
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd3TX
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd4CO
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd5CO
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd6TN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd7IL
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd11CO
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd022404
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1Txt0NC DEPARTMENT OF REVENUE
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd027640
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OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc0IT SOFTWARE
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt034333
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt034333
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