Marvin Ridge Mavericks Athleticsbooster Club Inc
- Assets
- $788.3k
- Revenue
- $678.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Waxhaw, NC
- Founding
- 11/2008
- Data as of
- 05/2022
- EIN
- 20-8529959
Organization Overview
Marvin Ridge Mavericks Athleticsbooster Club Inc is located in Waxhaw, NC. The organization was established in 2008. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marvin Ridge Mavericks Athleticsbooster 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 05/2022, Marvin Ridge Mavericks Athleticsbooster Club Inc generated $678.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $763.7k during the year ending 05/2022. While expenses have increased by 11.7% per year over the past 7 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
SUPPORT, ENCOURAGE, AND ADVANCE THE ATHLETIC PROGRAMS AND RELATED ACTIVITIES TO THE MARVIN RIDGE SCHOOLS. THE ORGANIZATION SUPPORTS OVER 1,000 ATHLETES DURING THE SCHOOL YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATIONSMRMABC IS RESPONSIBLE FOR MAINTAINING ALL OF THE SPORTS FIELDS ON THE CAMPUS AND MAKING FACILITY IMPROVEMENTS.
HIGH SCHOOL TEAM FUNDRAISING MANAGEMENTMRMABC IS RESPONSIBLE FOR ACCOUNTING FOR HS TEAM FUNDRAISERS AND HOLDS TEAM FUND BALANCES
MIDDLE SCHOOL SPORTS PROGRAM AND HIGH SCHOOL NON-NCHSAA SPORTSMRMABC MANAGES THE MIDDLE SCHOOL SPORTS PROGRAMS FOR MARVIN RIDGE MIDDLE SCHOOL (WITH THE EXCEPTION OF BASKETBALL AND BASKETBALL CHEER, WHICH ARE MANAGED BY UCPS). MRMABC ALSO MANAGES HS FIELD HOCKEY, HS DANCE AND HS MEN'S VOLLEYBALL WHICH ARE CURRENTLY NOT NSHSAA SANCTIONED SPORTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Svonovec Vice President | OfficerTrustee | 10 | $0 |
Stephen Fazen President | OfficerTrustee | 15 | $0 |
Debbie Messner Secretary | OfficerTrustee | 5 | $0 |
Jeff Messner Treasurer | OfficerTrustee | 15 | $0 |
Mark Matteson VP Sponsorships | OfficerTrustee | 5 | $0 |
Tom Jamerson Hs Athletic Dir | Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $82,000 |
| Fundraising events | $61,286 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,565 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,851 |
| Total Program Service Revenue | $364,723 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $53,413 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $51,482 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $678,494 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,188 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,200 |
| 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 | $13,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,238 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,235 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $921 |
| All other expenses | $52,918 |
| Total functional expenses | $763,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $584,494 |
| Savings and temporary cash investments | $187,600 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,109 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,141 |
| Total assets | $788,344 |
| 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 | $499,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $48,638 |
| Total liabilities | $548,138 |
| Net assets without donor restrictions | $0 |
| 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 | $240,206 |
| Total liabilities and net assets/fund balances | $788,344 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Marvin Ridge Mavericks Athleticsbooster Club Inc has recieved totaling $267.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $167 |
Lpl Financial Foundation Inc Boston, MA PURPOSE: OPERATIONAL SUPPORT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dumac Inc Durham, NC | $16,829,525 | $22,034,082 |
National Institute For Excellence In Teaching Nashville, TN | $34,287,957 | $30,387,286 |
University Of South Carolina Business Partnership Foundation Columbia, SC | $128,044,992 | $17,993,004 |
Mason Korea Llc Fairfax, VA | $8,225,008 | $12,324,735 |
Virginia Tech Real Estate Fdn Blacksburg, VA | $231,612,607 | $16,876,838 |
Alliance For Academic Internal Medicine Inc Alexandria, VA | $13,744,999 | $6,917,370 |
Francis Marion University Development Foundation Florence, SC | $27,042,578 | $6,587,347 |
Jackson Foundation Inc Dickson, TN | $81,442,128 | $3,275,608 |
Influence 1 Memphis, TN | $6,214,331 | $4,262,960 |
Core Knowledge Foundation Charlottesville, VA | $10,759,261 | $6,889,029 |
Georgia Charter Schools Association Inc Atlanta, GA | $3,275,551 | $3,963,375 |
Tennessee School Boards Association Nashville, TN | $6,082,451 | $2,785,185 |