United States Parachute Team
- Assets
- $86.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fredericksburg, VA
- Founding
- 03/1977
- Data as of
- 12/2022
- EIN
- 52-1070173
Organization Overview
United States Parachute Team is located in Fredericksburg, VA. The organization was established in 1977. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, 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. United States Parachute Team 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 12/2022, United States Parachute Team generated $101.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $103.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
FUND AND SUPPORT THOSE SKYDIVERS CHOSEN TO BE ON THE U.S. PARACHUTE TEAM TO REPRESENT THE U.S. AT THE WORLD MEET. THE 2022 WORLD MEET WAS HELD IN ARIZONA AND THE CZECH REPUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert Berchtold Executive Director | 1 | $0 | |
Chuck Akers President | 1 | $0 | |
Sherry Butcher Vice President | 1 | $0 | |
Ray Lallo Secretary | 1 | $0 | |
Jack Pyland Treasurer | 1 | $0 | |
Randy Allison Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,202 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $101,202 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,568 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $58,013 |
| Total expenses | $103,274 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $86,238 |
| Other assets | $0 |
| Total assets | $86,238 |
| Total liabilities | $53,839 |
| Net assets or fund balances | $32,399 |