Mar Vateens,inc is located in Knoxville, MD. The organization was established in 1972. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mar Vateens,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 08/2021, Mar Vateens,inc generated $21.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (32.5%) each year. All expenses for the organization totaled $34.7k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (27.7%) per year over the past 6 years. 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
EDUCATION AND TRAINING FOR PARTICIPATION IN COMPETITIVE GYMNASTICS AT ALL LEVELS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING FOR PARTICIPATION IN COMPETITIVE GYMNASTICS AT ALL LEVELS: LOCAL, STATE, REGIONAL, NATIONAL AND INTERNATIONAL.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeff Smith Treasurer | OfficerTrustee | 10 | $0 |
Taneisha King Secretary | OfficerTrustee | 10 | $0 |
Stephanie Hart Level Representative | OfficerTrustee | 5 | $0 |
Mike Dileo Executive Director | OfficerTrustee | 15 | $0 |
Lizzy Menard Level Representative | Trustee | 10 | $0 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $20,325 |
Investment income | $5 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$2,655 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $21,834 |
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 | $0 |
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 | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $7,061 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $2,526 |
Total functional expenses | $34,699 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,691 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,691 |
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 | $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 | $3,691 |
Total liabilities and net assets/fund balances | $3,691 |
Organization Name | Assets | Revenue |
---|---|---|
Parkette National Gymnastic Team Inc Allentown, PA | $2,066,522 | $2,115,646 |
Washington Area Bicyclist Association Washington, DC | $1,536,882 | $2,018,173 |
League Of American Wheelmen Inc Washington, DC | $975,711 | $2,131,153 |
Penn Athletic Club Rowing Association Philadelphia, PA | $436,321 | $176,117 |
Hills Angels Gymnastic Team Incorporated Gaithersburg, MD | $315,618 | $224,271 |
Rebounders Parents Association Timonium, MD | $49,475 | $184,791 |
Blue Mountain Quarter Midget Assoc Inc Cherryville, PA | $44,949 | $0 |
Kangaroo Kids Inc Simpsonville, MD | $114,894 | $0 |
South Erie Turnverein Erie, PA | $581,084 | $141,900 |
Road Runners Club Of America Newport News, VA | $35,765 | $0 |
Cardinal Parents Association Fairfax, VA | $26,861 | $0 |
Road Runners Of America Baltimore, MD | $178,872 | $0 |