Mad Valley Sports
- Assets
- $158.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Waitsfield, VT
- Founding
- Data as of
- 07/2023
- EIN
- 85-1390751
Organization Overview
Mad Valley Sports is located in Waitsfield, VT. 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. Mad Valley Sports 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 07/2023, Mad Valley Sports generated $102.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 52.5% each year . All expenses for the organization totaled $76.5k during the year ending 07/2023. While expenses have increased by 53.2% per year over the past 3 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
MAD MARATHON, MAD HALF & RELAYS, 5K & 10K, RELAUNCHED MAD RIVER TRIATHLON WITH THREE OTHER NON PROFITS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geri Procaccini Trustee | 1 | $0 | |
Chuck Engle Trustee | 1 | $0 | |
Sommer Mueller Trustee | 1 | $0 | |
Dorinda Ingalls President | 30 | $0 | |
Robert Laird Vice President | 1 | $0 | |
Mark Lichterman Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,000 |
| Total Program Service Revenue | $77,652 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $19,274 |
| Total Revenue | $102,926 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $76,500 |
| Total expenses | $76,500 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,541 |
| Other assets | $0 |
| Total assets | $158,541 |
| Total liabilities | $107,502 |
| Net assets or fund balances | $51,039 |