Valpo Surf Project Inc
- Assets
- $74.7k
- Revenue
- $143.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Thomaston, ME
- Founding
- 10/2010
- Data as of
- 11/2021
- EIN
- 27-1608970
Organization Overview
Valpo Surf Project Inc is located in Thomaston, ME. The organization was established in 2010. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. As of 11/2021, Valpo Surf Project Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valpo Surf Project 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 11/2021, Valpo Surf Project Inc generated $143.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $193.1k during the year ending 11/2021. 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
YOUTH MENTORING THROUGH ACADEMIC AND ENGLISH LANGUAGE TUTORING, SURFING, AND ENVIRONMENTAL AND COMMUNITY SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VALPO SURF PROJECT IS A YOUTH MENTORSHIP ORGANIZATION THAT WORKS WITH AT-RISK POPULATIONS IN VALPARASO, CHILE. OUR KIDS OFTEN FACE TREMENDOUS HARDSHIPS FROM AN EARLY AGE. POVERTY, DRUG ABUSE, AND VIOLENT CRIME ARE EVERYDAY REALITIES IN THEIR NEIGHBORHOODS. VSP IS A SOURCE OF STABILITY, GUIDANCE, AND CONSISTENCY AMIDST AN OTHERWISE CHAOTIC ENVIRONMENT. OUR GOAL IS TO USE SURFING AND ACADEMIC TUTORING TO ENCOURAGE ENGLISH LANGUAGE SKILLS, PERSONAL CHARACTER DEVELOPMENT, AND ENVIRONMENTAL CONSCIOUSNESS AMONG OUR STUDENTS.CONSTANT MENTORSHIP IS THE GLUE THAT UNIFIES ALL VSP PROGRAMMING. ON AVERAGE EACH STUDENT RECEIVES 265 HOURS OF PROGRAMMING PER YEAR INCLUDING: SURFING: SURF SESSIONS ARE THE HEART OF OUR RELATIONSHIP WITH OUR STUDENTS. IN THE OCEAN OUR STUDENTS TAKE A BREAK FROM THE STRESSES OF THEIR EVERYDAY LIVES, ENGAGE IN HEALTHY PHYSICAL ACTIVITY, AND SPEND QUALITY TIME WITH THEIR MENTORS. ACADEMICS: WE PROVIDE ENGLISH CLASSES, INDIVIDUALIZED TUTORING, AND COLLEGE AND CAREER PREPARATION. OUR ACADEMICS ARE OPENING DOORS FOR OUR STUDENTS THEY PREVIOUSLY DID NOT KNOW EXISTED. ENVIRONMENT: OUR ENVIRONMENTAL ACTIVITIES ENCOURAGE ENVIRONMENTAL CONSCIOUSNESS, COMMUNITY SERVICE, AND LEADERSHIP SKILLS. SINCE 2010, WE HAVE WORKED WITH OVER 650 STUDENTS AND PROVIDED OVER 5,000 MENTORSHIP HOURS DURING MORE THAN 1,550 ACTIVITIES. WE HAVE GROWN TO INCLUDE STUDENTS FROM 4 DISTINCT NEIGHBORHOODS AND SENAME, A STATE-OPERATED CHILD PROTECTION HOME FOR BOTH JUVENILE REHABILITATION AND CARE FOR AT-RISK YOUTH REMOVED FROM UNSAFE HOMES. VSP IS COMMITTED TO EACH STUDENT, EMPOWERING THEM WITH THE TOOLS TO BETTER THEIR OWN LIVES AND POSITIVELY IMPACT THEIR COMMUNITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wiley Todd Founder / CEO | OfficerTrustee | 40 | $75,000 |
Kenneth French Chairman | OfficerTrustee | 5 | $0 |
Western Todd Secretary | OfficerTrustee | 5 | $0 |
Ryan Holbrook Treasurer | OfficerTrustee | 2 | $0 |
Henry Myer Founder | Trustee | 2 | $0 |
Jonathan Steuber Founder | Trustee | 5 | $0 |
Financial Statements
| 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 | $143,016 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,016 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $143,016 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $61,173 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $81,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,854 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,886 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,625 |
| 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 | $2,311 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,408 |
| 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 | $2,240 |
| All other expenses | $3,640 |
| Total functional expenses | $193,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,661 |
| 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 | $74,661 |
| 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 | $74,661 |
| 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 | $74,661 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Valpo Surf Project Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
H T Ewald Foundation West Bloomfield, MI PURPOSE: CHARITABLE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kennebunk Beach Improvement Association Kennebunk, ME | $1,718,660 | $896,686 |
Lake Sunapee Yacht Club Sunapee, NH | $1,150,191 | $509,585 |
Northeast Harbor Fleet Northeast Harbor, ME | $995,946 | $399,306 |
Valpo Surf Project Inc Thomaston, ME | $74,661 | $143,016 |
Swimmers Inc Manchester, NH | $341,677 | $178,605 |
Kollegewidgwok Sailing And Education Association Blue Hill, ME | $533,566 | $175,929 |
Usa Swimming Inc Bar Harbor, ME | $131,655 | $0 |
Camden Area Youth Seamanship Program Camden, ME | $92,282 | $0 |
Friends Of Concord Crew Concord, NH | $196,345 | $0 |
Bedford Crew Club Bedford, NH | $157,549 | $0 |
Friends Of Hanover Crew A New Hampshir Corporation Hanover, NH | $1,804,605 | $138,762 |
Rockport Boat Club Rockport, ME | $186,053 | $0 |