Whaler Nation Inc
- Assets
- $469.0k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Chesapeake, VA
- Founding
- 10/2008
- Data as of
- 07/2021
- EIN
- 20-4751003
Organization Overview
Whaler Nation Inc is located in Chesapeake, VA. The organization was established in 2008. According to its NTEE Classification (N71) the organization is classified as: Olympics, 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. Whaler Nation 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 07/2021, Whaler Nation Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $854.0k during the year ending 07/2021. While expenses have increased by 0.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MANAGERIAL SERVICES FOR YOUTH HOCKEY PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MANAGERIAL SERVICES FOR YOUTH HOCKEY PROGRAMS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $750 |
| Total Program Service Revenue | $1,124,122 |
| Investment income | $58 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,829 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,126,759 |
| 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 | $10,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,221 |
| Office expenses | $9,321 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,093 |
| Travel | $87,859 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $780 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $644 |
| Insurance | $0 |
| All other expenses | $70,993 |
| Total functional expenses | $853,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $459,961 |
| 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 | $9,014 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $468,975 |
| 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 | $468,975 |
| 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 | $468,975 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Whaler Nation Inc has recieved totaling $83.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $83 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Washington Partnership Washington, DC | $9,447,960 | $10,396,673 |
Coast Guard Blue Dolphins Swim Club Yorktown, VA | $59,986 | $1,421,830 |
Whaler Nation Inc Chesapeake, VA | $468,975 | $1,126,759 |
Positive Youth Network Inc Ashburn, VA | $333,542 | $382,297 |
Arlington Sports Inc Washington, DC | $11,404 | $0 |
Charlotte Curling Association Charlotte, NC | $1,906,107 | $122,876 |
Usa Track & Field Inc Garner, NC | $319,724 | $0 |
Chattanooga Takedown Club Chattanooga, TN | $4,060 | $63,571 |
West Kentucky Archery Association Inc Madisonville, KY | $37,486 | $0 |
Palma Promotions Inc Mineral, VA | $0 | $0 |
Corporation Is Crowder Dancesport Nonprofit Corporation Eden, NC | $9,828 | $0 |
High Performance Equestrian Foundation Middleburg, VA | $15,048 | $0 |