Liberty Elite Volleyball Club
- Assets
- $196.2k
- Revenue
- $337.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 06/2017
- Data as of
- 12/2022
- EIN
- 81-5362757
Organization Overview
Liberty Elite Volleyball Club is located in Frederick, MD. The organization was established in 2017. 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. Liberty Elite Volleyball Club 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, Liberty Elite Volleyball Club generated $337.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 36.7% each year . All expenses for the organization totaled $266.1k during the year ending 12/2022. While expenses have increased by 37.1% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER NATIONAL OR INTERNATIONAL VOLLEYBALL SPORTING COMPETITION BY PROVIDING OPPORTUNITIES FOR GIRLS AND BOYS IN GRADES 2 THRU 12. OUR MISSION IS TO PROMOTE THE PRINCIPLES OF TEAMWORK, INDIVIDUAL RESPONSIBILITY AND GOOD SPORTSMANSHIP THROUGH PARTICIPATION WITHIN TEAM SPORTS. TO DEVELOP THE INDIVIDUAL SKILL LEVEL OF EVERY PLAYER, WHILE PROVIDING THEM WITH THE OPPORTUNITY TO PERFORM AT A HIGH LEVEL. ULTIMATELY, THIS PROCESS CAN RESULT IN PROVIDING MANY BENEFICIAL OPPORTUNITIES TO OUR ATHLETES INCLUDING COLLEGIATE SCHOLARSHIPS, COLLEGE CONNECTIONS, AND MORE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WASHINGTON COUNTY MD, AND ITS SURROUNDING AREAS OF PA AND WV, HAS AN AVERAGE PER CAPITAL INCOME OF 27,066. THERE ARE CURRENTLY 18,932 2ND TO 12 GRADERS IN OUR COUNTY. MANY OF THESE FAMILIES CANNOT AFFORD TO PLACE THEIR KIDS IN SPORTING ACTIVITIES DUE TO THE COST. WE ARE ABLE TO PROVIDE CLINICS FREE OF CHARGE OR AT THE LOWEST COST POSSIBLE TO PROMOTE HEALTH, FITNESS, CHARACTER DEVELOPMENT, AND TO BUILD SELF-ESTEEM ALONG WITH PROVIDING THE OPPORTUNITY TO EXPERIENCE, DEVELOP, AND GROW WITHIN THE SPORT OF VOLLEYBALL. WE HAVE PROVIDED OPPORTUNITIES TO OVER 300 CHILDREN IN OUR COMMUNITY AND THE SURROUNDING AREAS. WE HAVE PROVIDED FREE OF CHARGE OR REDUCED RATE ENTRIES TO OVER 15% OF OUR PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meagan Graff President | OfficerTrustee | 30 | $1,000 |
Erika Lawrence Vice Preside | OfficerTrustee | 20 | $1,000 |
Damian Haugh Treasurer | OfficerTrustee | 3 | $0 |
Briana Metzger Member | Trustee | 2 | $1,600 |
Taylor Belella Member | Trustee | 8 | $1,300 |
Victoria Huott Member | Trustee | 1 | $800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $90,792 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,017 |
| Total Program Service Revenue | $228,816 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,674 |
| Net Income from Gaming Activities | $16,045 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $337,204 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,376 |
| Advertising and promotion | $305 |
| Office expenses | $3,692 |
| Information technology | $2,962 |
| Royalties | $0 |
| Occupancy | $58,359 |
| Travel | $64,509 |
| 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 | $7,251 |
| Insurance | $1,081 |
| All other expenses | $1,010 |
| Total functional expenses | $266,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,997 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $50,179 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $196,176 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $196,176 |
| 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 | $196,176 |