Spokane Valley Hub
- Assets
- $8.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 40
- Location
- Greenacres, WA
- Founding
- 04/2010
- Data as of
- 12/2023
- EIN
- 26-0173199
Organization Overview
Spokane Valley Hub is located in Greenacres, WA. The organization was established in 2010. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Spokane Valley Hub employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spokane Valley Hub 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 12/2023, Spokane Valley Hub generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $871.0k during the year ending 12/2023. While expenses have increased by 6.9% per year over the past 9 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
TO THREAD TOGETHER THE FAITH, BUSINESS, SPORTS, EDUCATION, AND GOVERNMENT COMMUNITIES TO PROMOTE A SAFE ENVIRONMENT, LIFE SKILLS, AND SECURE FUTURE. TO BRING TOGETHER ORDINARY PEOPLE WITH DIVERSE BACKGROUNDS, EMPOWERED BY GOD, WORKING TO PROVIDE A POSITIVE IMPACT ON YOUTH AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY RECREATIONAL FACILITY PROVIDED SPACE FOR YOUTH SPORTS PRACTICE AND TOURNAMENTS. APPROXIMATELY 150,000 YOUTH WERE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Hill Board Member | Trustee | 0.5 | $0 |
Amber Marlow Board Member | Trustee | 0.5 | $0 |
Laura Frank Secretary | OfficerTrustee | 1 | $0 |
Hugh Severs Board Member | Trustee | 0.5 | $0 |
Rob White Board Member | Trustee | 0.5 | $0 |
Jeff Grimes Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $74,286 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,341 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,627 |
| Total Program Service Revenue | $638,144 |
| Investment income | $21,291 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,131,812 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,976,669 |
| 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. | $119,808 |
| Compensation of current officers, directors, key employees. | $59,904 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $222,544 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,664 |
| Payroll taxes | $37,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120 |
| Fees for services: Accounting | $4,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,942 |
| Advertising and promotion | $16,868 |
| Office expenses | $3,957 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $121,961 |
| Travel | $878 |
| 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 | $114,068 |
| Insurance | $27,467 |
| All other expenses | $20,291 |
| Total functional expenses | $871,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,168 |
| Savings and temporary cash investments | $95,311 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $266,373 |
| 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 | $6,572,347 |
| Investments—publicly traded securities | $1,152,445 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,219,644 |
| Accounts payable and accrued expenses | $3,041 |
| Grants payable | $0 |
| Deferred revenue | $500 |
| 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 | $3,541 |
| 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 | $8,216,103 |
| Total liabilities and net assets/fund balances | $8,219,644 |