Triangle Volleyball Club Inc
- Assets
- $1.2m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 108
- Location
- Morrisville, NC
- Founding
- 08/2004
- Data as of
- 08/2023
- EIN
- 02-0647356
Organization Overview
Triangle Volleyball Club Inc is located in Morrisville, NC. The organization was established in 2004. 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 08/2023, Triangle Volleyball Club Inc employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triangle Volleyball Club 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 08/2023, Triangle Volleyball Club Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $2.8m during the year ending 08/2023. While expenses have increased by 10.8% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMMITTED TO THE EDUCATION AND PROMOTION OF THE WHOLE PERSON THROUGH EXCELLENCE IN VOLLEYBALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SEASONAL CAMPS ENCOMPASS TRAINING FOR THE BEGINNER AS WELL AS THE ELITE ATHLETE. ATHLETES TRAIN TO IMPROVE SKILLS WITH THE GOAL OF MAKING THEIR MIDDLE AND HIGH SCHOOL TEAMS. THERE ARE APPROXIMATELY 700 CAMPERS THROUGHOUT THE YEAR.
TRYOUTS AND MEMBERSHIP FEES.
A VOLLEYBALL PROGRAM DEVOTED TO THE ATHLETIC AND PERSONAL DEVELOPMENT OF STUDENT ATHLETES (AGES 10-18) THROUGH COMPETITIVE PARTICIPATION IN THE SPORT OF VOLLEYBALL, EXPERT TRAINING AND EDUCATION, PREPARATION FOR COLLEGIATE VOLLEYBALL, PROMOTION OF SPORTSMANSHIP AND TEAMWORK, AND PARTICIPATION IN PHILANTHROPIC WORK.
THE JUNIOR CLUB VOLLEYBALL PROGRAM IS A COMPETITIVE PROGRAM NATIONALLY, REGIONALLY AND LOCALLY. TVC HAS 35 TEAMS, INCLUDING FOUR BOYS' TEAM FROM AGES 13-18. THERE ARE 324 STUDENT ATHLETES, MANY OF WHOM GO ON TO PLAY AT THE COLLEGIATE LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Slay Chairman | OfficerTrustee | 1 | $0 |
Mary Ann Enzweiler Secretary | OfficerTrustee | 1 | $21,877 |
Sherry Fadool Executive Director / Presi | OfficerTrustee | 40 | $103,750 |
Lori Spells Board Member | Trustee | 1 | $0 |
Caren Enloe Board Member | Trustee | 1 | $0 |
Glenn Phillips Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,422,979 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,895 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,427,874 |
| Total Program Service Revenue | $1,135,377 |
| Investment income | $11,091 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $103,795 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$38,854 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,643,534 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $64,650 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,577 |
| Compensation of current officers, directors, key employees. | $2,612 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $819,642 |
| Pension plan accruals and contributions | $2,592 |
| Other employee benefits | $20,336 |
| Payroll taxes | $71,819 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $272 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $139,915 |
| Advertising and promotion | $0 |
| Office expenses | $101,910 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $526,050 |
| Travel | $438,645 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $302,514 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,826 |
| Insurance | $20,127 |
| All other expenses | $7,027 |
| Total functional expenses | $2,785,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,083 |
| Savings and temporary cash investments | $741,990 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $151 |
| 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 | $12,314 |
| Net Land, buildings, and equipment | $173,326 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,875 |
| Total assets | $1,189,739 |
| Accounts payable and accrued expenses | $126,703 |
| 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 | $183,796 |
| Total liabilities | $310,499 |
| Net assets without donor restrictions | $879,240 |
| 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 | $1,189,739 |