Virginia Sports Hall Of Fame Educational Foundation Inc is located in Virginia Beach, VA. The organization was established in 2007. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. Virginia Sports Hall Of Fame Educational Foundation Inc 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 06/2020, Virginia Sports Hall Of Fame Educational Foundation Inc generated $17.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (25.0%) each year. All expenses for the organization totaled $69.1k during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE VIRGINIA SPORTS HALL OF FAME EDUCATION FOUNDATION IS TO SERVE AS A NON-PROFIT EDUCATIONAL RESOURCE CENTERED AROUND MATH, SCIENCE, AND CHARACTER DEVELOPMENT PROGRAMS WHILE ENGAGING STUDENTS AND TEACHERS WITH SPORTS AND PHYSICAL ACTIVITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVES AS A NONPROFIT EDUCATIONAL RESOURCE FOR YOUTH, INSTILLING A VALUE SYSTEM FOR LIFE CENTERED AROUND THE VALUES OF LEADERSHIP, INTEGRITY, TEAMWORK, DISCIPLINE AND CHARACTER.CHARACTER DEVELOPMENT COACHING AND INSTRUCTION SERVE AS A FOUNDATION FOR THE EDUCATION PORGRAMS THAT EXPAND NATURALLY TO INCLUDE NUTRITION, PHYSICAL FITNESS, MATH, SCIENCE AND HISTORY.THE VIRGINIA STANDARDS OF LEARNING AND THE RELEVANCE OF SPORTS IN TEACHING CHARACTER, HEALTHY LIVING, MATH, SCIENCE AND HISTORY MERGE AS THE FOUNDATION OF THE VIRGINIA SPORTS HALL OF FAME'S SCHOOL EDUCATION PROGRAMS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jim Stutzman Director | Trustee | 1 | $0 |
Diana Burke Director | Trustee | 1 | $0 |
Eddie Webb Director | Trustee | 1 | $0 |
Bruce Rader Director | Trustee | 1 | $0 |
Carl Farris Director | Trustee | 1 | $0 |
William Driscoll Executive Director | Officer | 3 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $15,407 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $15,407 |
Total Program Service Revenue | $0 |
Investment income | $2,361 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $17,768 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $69,000 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $143 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $69,143 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $0 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $0 |