Atlantic Coast Club Inc
- Assets
- $77.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Portsmouth, VA
- Founding
- 05/1984
- Data as of
- 09/2023
- EIN
- 52-1347948
Organization Overview
Atlantic Coast Club Inc is located in Portsmouth, VA. The organization was established in 1984. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Atlantic Coast Club 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 09/2023, Atlantic Coast Club Inc generated $143.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $176.2k during the year ending 09/2023. While expenses have increased by 4.6% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SUPPORT WAS PROVIDED TO FIVE ATLANTIC COAST TRACK LEAGUE TEAMS COMPRISED OF AMATEUR ATHLETES. EXPENSES INCURRED TO PROVIDE TRAINING, ENTRY FEES, TRAVEL AND LODGING FOR ATHLETES. THE ORGANIZATION ALSO PROVIDES SCHEDULING AND HOSTING OF INDOOR AND OUTDOOR TRACK AND FIELD EVENTS AND COMPETITIONS, AS WELL AS TRACK MEET TIMING SERVICES, FOR CHILDREN BETWEEN THE AGES OF FIVE AND EIGHTEEN THROUGHOUT VIRGINIA AND NEIGHBORING STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keisha L Foster Director | 20 | $18,000 | |
Kermit Foster President | 20 | $18,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $140,548 |
| Membership dues | $0 |
| Investment income | $2,525 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $734 |
| Total Revenue | $143,807 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $36,000 |
| Professional fees and other payments to independent contractors | $411 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $137,868 |
| Total expenses | $176,234 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,678 |
| Other assets | $0 |
| Total assets | $77,359 |
| Total liabilities | $2,232 |
| Net assets or fund balances | $75,127 |