Sports Venue Foundation
- Assets
- $8.2m
- Revenue
- $3.5m
- Investments
- $7.6m
- Employees
- 0
- Location
- White River Junction, VT
- Founding
- 12/2006
- Data as of
- 09/2023
- EIN
- 20-5165911
Organization Overview
Sports Venue Foundation is located in White River Junction, VT. The organization was established in 2006. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sports Venue Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Sports Venue Foundation generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $3.8m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES A COMMUNITY SWIMMING FACILITY TO PROMOTE INSTRUCTIONAL, RECREATIONAL, AND COMPETITIVE SWIMMING FOR ALL UPPER VALLEY RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Reimann-Ciardelli President | 1 | $0 | |
Dan D Fraser Secretary | 1 | $0 | |
Michael Cahoon Vp/treasurer | 1 | $0 | |
Wayne R Young Director | 1 | $0 | |
Belinda Needham-Shropshire Director | 1 | $0 | |
Jack Hoopes Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Efficient Air Systems | 9/29/17 | $390,492 |
Vermont Heating And Ventilating | 9/29/17 | $83,374 |
Breadloaf | 9/29/17 | $3,232,251 |
Breadloaf | 9/29/17 | $3,232,251 |
Efficient Air Systems | 9/29/17 | $390,492 |
Vermont Heating And Ventilating | 9/29/17 | $83,374 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $68,260 |
| Interest on Savings | $30 |
| Dividends & Interest | $341,931 |
| Net Rental Income | $27,600 |
| Net Gain on Sale of Assets | -$6,686 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,028,388 |
| Total Revenue | $3,459,523 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $138,126 |
| Other employee salaries and wages | $1,969,165 |
| Pension plans, employee benefits | $146,346 |
| Interest | $0 |
| Taxes | $159,625 |
| Depreciation | $110,760 |
| Occupancy | $447,074 |
| Travel, conferences, and meetings | $6,160 |
| Printing and publications | $0 |
| Other expenses | $828,478 |
| Total operating and administrative expenses | $3,840,116 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,840,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,101 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $46,684 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,355 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,550,383 |
| Net Land, buildings, and equipment | $508,860 |
| Other assets | $0 |
| Total assets | $8,239,383 |
| Accounts payable and accrued expenses | $336,664 |
| Grants payable | $0 |
| Deferred revenue | $409,050 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $89 |
| Total liabilities | $745,803 |