Cove Creek Park Association Inc
- Assets
- $884.5k
- Revenue
- $649.5k
- Investments
- $217.6k
- Employees
- 0
- Location
- Covesville, VA
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 54-1797263
Organization Overview
Cove Creek Park Association Inc is located in Covesville, VA. The organization was established in 1998. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cove Creek Park Association 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 12/2022, Cove Creek Park Association Inc generated $649.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $865.3k during the year ending 12/2022. 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 Program Activity:
DEVELOPMENT OF YOUTH AMATEUR ATHLETICS FOSTERING NATIONAL AND INTERNATIONAL COMPETITION THROUGH ORGANIZED INSTRUCTION, LEAGUES, AND GAMES WITH LOCAL, NATIONAL, AND INTERNATIONAL TEAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Grisham President | 5 | $0 | |
Richard Carter Vice President | 0 | $0 | |
Jennifer Williams Secretary | 0 | $0 | |
Todd Mcgarry Employee | 30 | $74,058 | |
Michael Hull Employee | 30 | $51,928 | |
Jennifer Williams Employee | 30 | $84,811 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $595,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,552 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $8,242 |
| Other Income | $40,742 |
| Total Revenue | $649,536 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $341,588 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27,642 |
| Depreciation | $59,508 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $431,225 |
| Total operating and administrative expenses | $865,003 |
| Contributions, gifts, grants paid | $250 |
| Total expenses and disbursements | $865,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,431 |
| Savings and temporary cash investments | $60,792 |
| Net Accounts receivable | $304 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $217,604 |
| Net Land, buildings, and equipment | $644,768 |
| Other assets | -$132,438 |
| Total assets | $884,461 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |