Nova Of Virginia Aquatics Inc
- Assets
- $8.4m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 130
- Location
- Richmond, VA
- Founding
- 03/1989
- Data as of
- 08/2020
- EIN
- 54-1427388
Organization Overview
Nova Of Virginia Aquatics Inc is located in Richmond, VA. The organization was established in 1989. 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 08/2021, Nova Of Virginia Aquatics Inc employed 130 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nova Of Virginia Aquatics 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 08/2020, Nova Of Virginia Aquatics Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $3.0m during the year ending 08/2020. While expenses have increased by 2.7% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
COMPETITIVE AQUATIC TRAINING, SWIMMING LESSONS CLINICS AND MASTER'S SWIMMING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH THE AQUATIC TRAINING PROVIDED BY NOVA, IT'S SWIMMERS HAVE QUALIFIED FOR USA SWIMMING SANCTIONED CHAMPIONSHIP MEETS AT STATE, REGIONAL, ZONE, NATIONAL, AND INTERNATIONAL LEVELS. AN ESTIMATED 1,000 SWIMMERS BENEFITED FROM THE NOVA PROGRAM DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geoffrey Brown Coach | 40 | $118,380 | |
Ann Mcgee Executive Director | Officer | 40 | $83,096 |
Leigh Peterson President | OfficerTrustee | 1 | $0 |
Dina Armstrong Treasurer | OfficerTrustee | 1 | $0 |
David Fellowes Vice President | OfficerTrustee | 1 | $0 |
Amy Belcher Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Pool Guy Pool Maintenance | 8/30/21 | $131,460 |
1420 N Parham Rd Lc Construction | 8/30/21 | $973,965 |
Daktronics Install Scoreboard | 8/30/21 | $263,328 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $871,119 |
| Investment income | $23,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,282 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $124,454 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $194,210 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,737,460 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $549 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,013 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,335,198 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $181,484 |
| Payroll taxes | $112,083 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,210 |
| Fees for services: Accounting | $16,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,881 |
| Advertising and promotion | $23,730 |
| Office expenses | $68,360 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $212,635 |
| Travel | $70,535 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $75,874 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $237,237 |
| Insurance | $38,682 |
| All other expenses | $0 |
| Total functional expenses | $2,950,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,303,035 |
| Pledges and grants receivable | $256,511 |
| Accounts receivable, net | $111,073 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $279,678 |
| Prepaid expenses and deferred charges | $36,049 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,250 |
| Other assets | $0 |
| Total assets | $8,429,552 |
| Accounts payable and accrued expenses | $32,316 |
| Grants payable | $0 |
| Deferred revenue | $61,966 |
| 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 | $1,887,839 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,982,121 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $6,447,431 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Nova Of Virginia Aquatics Inc has recieved totaling $74,004.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $31,900 |
Honey Foundation Richmond, VA PURPOSE: CAPITAL CAMPAIGN | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $8,102 |
Synchrony Foundation Stamford, CT PURPOSE: EMPLOYER MATCHING GIFT PROGRAM | $5,000 |
Williams Mullen Foundation Richmond, VA PURPOSE: SPONSORSHIP OF EVENT | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $650 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divers Alert Network Durham, NC | $37,418,607 | $12,273,989 |
Mecklenburg Aquatic Club Inc Charlotte, NC | $2,813,176 | $4,694,169 |
Nova Of Virginia Aquatics Inc Richmond, VA | $8,429,552 | $3,737,460 |
Occoquan Swimming Inc Manassas, VA | $416,953 | $2,263,892 |
Hollow Rock Racquet And Swim Club Inc Durham, NC | $3,219,714 | $2,479,240 |
Raleigh Swimming Association Raleigh, NC | $3,136,776 | $2,156,316 |
United States Power Squadrons Raleigh, NC | $2,932,406 | $2,085,267 |
American Canoe Association Fredericksburg, VA | $2,935,103 | $2,005,196 |
Excel Aquatics Brentwood, TN | $851,394 | $1,571,381 |
Old Dominion Boat Club Alexandria, VA | $11,245,214 | $1,105,837 |
Nashville Aquatic Club Nashville, TN | $573,153 | $1,290,870 |
Tide Swimming Virginia Beach, VA | $1,525,215 | $1,751,645 |