Tidewater Volleyball Association
- Assets
- $336.9k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 16
- Location
- Virginia Beach, VA
- Founding
- 06/1987
- Data as of
- 09/2022
- EIN
- 54-1336134
Organization Overview
Tidewater Volleyball Association is located in Virginia Beach, VA. The organization was established in 1987. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 09/2022, Tidewater Volleyball Association employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tidewater Volleyball Association 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 09/2022, Tidewater Volleyball Association generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.4m during the year ending 09/2022. While expenses have increased by 6.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EDUCATION THROUGH VOLLEYBALL.
Describe the Organization's Program Activity:
TO PROMOTE THE DEVELOPMENT OF VOLLEYBALL IN THE TIDEWATER AREA OF VIRGINIA INCLUDING LOCAL, STATE, REGIONAL AND INTERNATIONAL COMPETITION FOR JUNIORS (INCLUDING JUNIOR OLYMPIC PRACTICE TIME) AND OTHER SPONSORED PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristina Wojieck - Stein Executive Dir. | OfficerTrustee | 0 | $0 |
Elaine Swingle Treasurer | OfficerTrustee | 0 | $0 |
Kevin Peoples Director | OfficerTrustee | 0 | $0 |
Liana Peoples Director | OfficerTrustee | 0 | $0 |
Sean Wreggelsworth Secretary | OfficerTrustee | 0 | $0 |
Robert Kyle Director | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,227 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,186 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,413 |
| Total Program Service Revenue | $1,315,407 |
| Investment income | $11 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,096 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $107,165 |
| Net Income from Sales of Inventory | $2,858 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,476,950 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $256,949 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $95,183 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,380 |
| Office expenses | $10,452 |
| Information technology | $8,715 |
| Royalties | $0 |
| Occupancy | $379,066 |
| Travel | $9,423 |
| 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 | $15,744 |
| Insurance | $51,753 |
| All other expenses | $284,702 |
| Total functional expenses | $1,368,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,567 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,363 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,827 |
| Prepaid expenses and deferred charges | $3,500 |
| Net Land, buildings, and equipment | $68,658 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,000 |
| Total assets | $336,915 |
| 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 | $83,589 |
| Total liabilities | $83,589 |
| Net assets without donor restrictions | $253,326 |
| 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 | $336,915 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tidewater Volleyball Association has recieved totaling $49,227.
| Awarding Organization | Amount |
|---|---|
United Way Of South Hampton Roads Norfolk, VA PURPOSE: GRANTS AWARDED | $49,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $227 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Us Lacrosse Inc Sparks, MD | $21,371,016 | $19,894,444 |
United States Soccer Foundation Inc Washington, DC | $63,782,660 | $16,181,702 |
United States Hunter Jumper Association Inc Lexington, KY | $20,251,014 | $9,522,034 |
Penelope And Ed Peskowitz Eolp Inc Washington, DC | $7,093,672 | $6,930,628 |
Adult Ice Hockey Federation Ltd Sterling, VA | $497,146 | $3,812,767 |
Richmond Volleyball Club Henrico, VA | $4,492,529 | $3,770,472 |
National Junior College Athletic Association Charlotte, NC | $4,854,958 | $4,218,539 |
The United States Pony Clubs Inc Lexington, KY | $8,497,562 | $2,773,212 |
Louisville Urban League Sports And Learning Complex Inc Louisville, KY | $77,056,765 | $1,676,545 |
Rrft Enterprise Eden, MD | $205,621 | $1,786,001 |
Tidewater Volleyball Association Virginia Beach, VA | $336,915 | $1,476,950 |
West Virginia Golf Association Charleston, WV | $499,772 | $1,388,651 |