Virginia Amateur Sports Inc
- Assets
- $187.9k
- Revenue
- $550.8k
- Investments
- $0.0
- Employees
- 9
- Location
- Roanoke, VA
- Founding
- 11/1989
- Data as of
- 09/2023
- EIN
- 54-1500181
Organization Overview
Virginia Amateur Sports Inc is located in Roanoke, VA. The organization was established in 1989. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, Virginia Amateur Sports Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Amateur Sports 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, Virginia Amateur Sports Inc generated $550.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $658.7k during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AMATEUR SPORTING EVENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
VIRGINIA AMATEUR SPORTS CONDUCTS THE COMMONWEALTH GAMES OF VIFGINIA IN WHICH AMATEUR ATHLETES COMPETE IN VARIOUS SPORTING EVENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Lazzaro Board Member | Trustee | 0 | $0 |
Dr Elizabeth Lee-Robertson Vice Chair | OfficerTrustee | 0 | $0 |
Daniel Foutz President-Vas | Trustee | 40 | $106,446 |
Quamitria Vaughter Board Member | Trustee | 0 | $0 |
Dr Robert Antozzi Board Member | Trustee | 0 | $0 |
Sheri Fullen Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $120,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $225,175 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $345,175 |
| Total Program Service Revenue | $169,403 |
| Investment income | $452 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,237 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $550,783 |
| 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. | $106,446 |
| Compensation of current officers, directors, key employees. | $21,289 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $221,328 |
| Pension plan accruals and contributions | $12,503 |
| Other employee benefits | $20,442 |
| Payroll taxes | $25,213 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,549 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,020 |
| Advertising and promotion | $16,185 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,626 |
| Travel | $12,535 |
| 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 | $1,089 |
| Insurance | $22,721 |
| All other expenses | $177,994 |
| Total functional expenses | $658,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,943 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $900 |
| 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 | $11,868 |
| Prepaid expenses and deferred charges | $1,189 |
| Net Land, buildings, and equipment | $6,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,499 |
| Total assets | $187,899 |
| Accounts payable and accrued expenses | $15,463 |
| 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 | $45,499 |
| Total liabilities | $60,962 |
| Net assets without donor restrictions | $112,987 |
| Net assets with donor restrictions | $13,950 |
| 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 | $187,899 |