Victory Cup Initiative Inc
- Assets
- $49.8k
- Revenue
- $717.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Winter Park, FL
- Founding
- 10/2015
- Data as of
- 06/2022
- EIN
- 47-4650599
Organization Overview
Victory Cup Initiative Inc is located in Winter Park, FL. The organization was established in 2015. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victory Cup Initiative 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 06/2022, Victory Cup Initiative Inc generated $717.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.1% each year . All expenses for the organization totaled $741.2k during the year ending 06/2022. While expenses have increased by 46.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HELP TRAIN NON-PROFITS TO TELL THEIR STORY BETTER AND SHARE THEIR MISSION; CREATE NEW OPPORTUNITIES FOR NON-PROFITS TO TELL THEIR STORIES TO CORPORATIONS, BUSINESS LEADERS AN
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTRAL FLORIDA ORGANIZATION SPONSORS TEN OF CENTRAL FLORIDA'S SELECTED NON-PROFIT ORGANIZATIONS TO COMPETE FOR PRIZES RANGING FROM $2,500 TO $30,000. EACH ATTENDEE HAS THE UNIQUE OPPORTUNITY TO PARTICIPATE IN THE VICTORY CUP INITIATIVE AND FOREVER CHANGE THE FUTURE OF PHILANTHROPY IN CENTRAL FLORIDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Vann Founder & Executive Director | OfficerTrustee | 20 | $53,638 |
Bill Robbinson President | OfficerTrustee | 1 | $0 |
Michael Parks Vice President | OfficerTrustee | 1 | $0 |
Stephen Bruner Secretary | OfficerTrustee | 1 | $0 |
Karolyn Stewart Treasurer | OfficerTrustee | 1 | $0 |
Carol Beth Haynes Director | Trustee | 1 | $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 | $717,196 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $717,196 |
| 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 | $717,196 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $612,955 |
| 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. | $53,638 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,529 |
| 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 | $400 |
| Advertising and promotion | $14,133 |
| Office expenses | $473 |
| Information technology | $9,538 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $243 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $705 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $503 |
| All other expenses | $3,920 |
| Total functional expenses | $741,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,817 |
| 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 | $49,817 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $30,000 |
| 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 | $30,000 |
| Net assets without donor restrictions | $19,817 |
| 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 | $49,817 |
Grants Awarded
Over the last fiscal year, Victory Cup Initiative Inc has awarded $611,455 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Orlando, FL PURPOSE: CHARITABLE PURPOSE | $131,150 |
Apopka, FL PURPOSE: CHARITABLE PURPOSE | $72,350 |
Orlando, FL PURPOSE: CHARITABLE PURPOSE | $60,500 |
Orlando, FL PURPOSE: CHARITABLE PURPOSE | $58,500 |
ONE PURSE PURPOSE: CHARITABLE PURPOSE | $56,100 |
Winter Park, FL PURPOSE: CHARITABLE PURPOSE | $55,900 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Victory Cup Initiative Inc has recieved totaling $26,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mightycause Charitable Foundation Marianna, FL | $5,250,687 | $68,928,948 |
Tim Tebow Foundation Inc Jacksonville, FL | $44,406,420 | $40,166,030 |
In Touch Foundation Inc Atlanta, GA | $84,991,538 | $40,474,859 |
Elaine Nicpon Marieb Charitable Foundation Naples, FL | $63,080,385 | $8,696,635 |
The Florida Concrete Masonry Education Council Inc Gainesville, FL | $2,957,826 | $3,367,750 |
Parents With A Purpose Inc Atlanta, GA | $315,977 | $2,301,377 |
Global Generosity Inc Alpharetta, GA | $2,653,838 | $2,877,884 |
Jk And Db Gulley Mem Tuw J K Gulley Tr Orlando, FL | $0 | $486,471 |
Recovery Research Network Foundation Inc Atlantis, FL | $303,889 | $1,495,637 |
Geo Group Foundation Inc Boca Raton, FL | $194,115 | $1,477,065 |
Lake Oconee Academy Foundation Inc Greensboro, GA | $20,544,289 | $963,837 |
Alabama Symphony Endowment Birmingham, AL | $18,611,694 | $1,402,512 |