Penn-Hope Baseball-Softball Association A New Jersey
- Assets
- $243.4k
- Revenue
- $152.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 06/1995
- Data as of
- 10/2021
- EIN
- 22-3244497
Organization Overview
Penn-Hope Baseball-Softball Association A New Jersey, operating under the name Hopewell Valley Baseball-Softball Association (hvbsa), is located in Pennington, NJ. The organization was established in 1995. According to its NTEE Classification (N63) the organization is classified as: Baseball & Softball, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopewell Valley Baseball-Softball Association (hvbsa) 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 10/2021, Hopewell Valley Baseball-Softball Association (hvbsa) generated $152.5k 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 (5.1%) each year. All expenses for the organization totaled $98.4k during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (9.4%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ORGANIZATION IS TO DEVELOP AND OPERATE A BASEBALL AND SOFTBALL PROGRAM IN THE TOWNSHIP OF HOPEWELL, NEW JERSEY. THE ORGANIZATION SEEKS TO ESTABLISH IDEALS OF GOOD SPORTSMANSHIP,HONESTY,LOYALTY,COURAGE,AND REVERENCE AMOUNG PROGRAM PARTICIPANTS THROUGH THE MEDIUM OF SUPERVISED, RECREATIONAL, AND COMPETITIVE BASEBALL AND SOFTBALL PROGRAMS, SO THE PLAYERS MAY BECOME FINER, STRONGER, AND HAPPIER YOUTHS WHO WILL GROW TO BE PRODUCTIVE AND RESPONSIBLE ADULT MEMBERS OF THE COMMUINTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES THE OPPORTUNITY FOR APPROXIMATELY 750 CHILDREN TO LEARN AND PLAY BASEBALL AND SOFTBALL FOR THEIR EDUCATION AND RECREATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Buddy Losavio Vice President | OfficerTrustee | 10 | $0 |
Mark Saindon Vice President-Softball | OfficerTrustee | 5 | $0 |
Farayi Chimbangu Secretary | OfficerTrustee | 10 | $0 |
Gabriella Raffo Vice President-Baseball | OfficerTrustee | 10 | $0 |
Aj Arcamone VP Babe Ruth | OfficerTrustee | 5 | $0 |
David Gelfman Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $876 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $22,346 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,387 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $152,474 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,000 |
| 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 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 | $1,178 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,149 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,349 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,494 |
| Insurance | $5,651 |
| All other expenses | $0 |
| Total functional expenses | $98,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $148,714 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $243,444 |
| 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 | $33,348 |
| Total liabilities | $33,348 |
| Net assets without donor restrictions | $200,187 |
| Net assets with donor restrictions | $9,909 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $210,096 |