Silicon Valley Vaulting Club
- Assets
- $13.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Los Gatos, CA
- Founding
- 11/2018
- Data as of
- 12/2023
- EIN
- 83-1704954
Organization Overview
Silicon Valley Vaulting Club is located in Los Gatos, CA. The organization was established in 2018. 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. Silicon Valley Vaulting 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 12/2023, Silicon Valley Vaulting Club generated $57.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $68.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION STRIVES TO PROVIDE BOTH COMPETITIVE AND RECREATIONAL INSTRUCTION IN THE SPORT OF EQUESTRIAN VAULTING, AS WELL AS SPONSOR, HOST AND/OR PARTICIPATE IN EVENTS AND ACTIVITIES THAT PROMOTE THE INTERNATIONAL SPORT. IN 2023, ONE MEMBER COMPETED AT A CVI IN FRANCE AND FINISHED 3RD. SHE ALSO COMPETED AT WORLD CHAMPIONSHIPS IN SWEDEN AND FINISHED 15TH. THREE MEMBERS WON THEIR DIVISIONS AT US NATIONALS TO BECOME NATIONAL CHAMPIONS. WE MOVED TO A STATE-OF-THE-ART FACILITY FOR VAULTING WITH TWO ARENAS, ONE COVERED, ALLOWING US TO TRAIN, RAIN OR SHINE. WE ACCEPTED TWO MORE INDIVIDUAL MEMBERS FOR OUR CANTER PROGRAM. WE HAVE A COMMITTED GROUP OF 5 TROT VAULTERS THAT MEET EVERY SUNDAY. OUR LEASED HORSE MR. PENNYWORTH IS A NEWLY TRAINED VAULTING HORSE AND IS CARRYING BOTH THE CANTER AND TROT PROGRAMS. HE RECEIVED BETWEEN 7 AND 7.5 SCORES (OUT OF 10) AT NATIONALS TO END HIS FIRST COMPLETE SEASON AS A VAULTING HORSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eva Bryer Secretary | 1 | $0 | |
Jana Morse President | 1 | $0 | |
Jenni Backholm Director | 1 | $0 | |
Kim Gustavson Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,399 |
| Total Program Service Revenue | $18,838 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $57,237 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $36,167 |
| Professional fees and other payments to independent contractors | $1,494 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $30,908 |
| Total expenses | $68,569 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,786 |
| Other assets | $0 |
| Total assets | $13,786 |
| Total liabilities | $0 |
| Net assets or fund balances | $13,786 |