Great Valley Community Organization
- Assets
- $4.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Malvern, PA
- Founding
- 09/2007
- Data as of
- 09/2023
- EIN
- 26-1139318
Organization Overview
Great Valley Community Organization is located in Malvern, PA. The organization was established in 2007. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, Great Valley Community Organization employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Valley Community Organization 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 09/2023, Great Valley Community Organization generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $459.5k during the year ending 09/2023. 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
THE GREAT VALLEY COMMUNITY ORGANIZATION HELPS BUILD A STRONG, VIBRANT, AND CONNECTED COMMUNITY BY PROVIDING FACILITIES, ACTIVITIES AND PROGRAMS ENRICHING THE LIVES OF ALL RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GVCO WAS FORMED 20 PLUS YEARS AGO AS A SMALL BASKETBALL LEAGUE FOR 60 CHILDREN. TODAY WE HAVE OVER 5,500 FAMILIES PARTICIPATING IN OUR PROGRAMMING. THE GREAT VALLEY COMMUNITY ORGANIZATION IS A VOLUNTEER DRIVEN ORGANIZATION HELPING TO BUILD A STRONG, VIBRANT AND CONNECTED COMMUNITY THROUGH YOUTH BASKETBALL, FOOTBALL, CHEERLEADING, AND CREW, AS WELL AS PICKLE BALL, DANCE CLASSES, SUMMER CAMPS/CLINICS, SPECIAL NEEDS SPORTS PROGRAMS, ARTS PROGRAMS, EDUCATION AND TUTORING PROGRAMS, STUDENT COMMUNITY OUTREACH, AND COMMUNITY PARTNERSHIPS WITH SPCA, HOME OF THE SPARROW, AND CRADLES TO CRAYONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Curran Chairman/secretary | Trustee | 10 | $0 |
Robert Cottone Director | Trustee | 4 | $0 |
Dennis Zatlin Director | Trustee | 4 | $0 |
Drew Alleva Director | Trustee | 4 | $0 |
Harry Didonato Director | Trustee | 4 | $0 |
Bud Haly Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $730,242 |
| 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 | $730,242 |
| Total Program Service Revenue | $299,066 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,828 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,064,156 |
| 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. | $34,000 |
| Compensation of current officers, directors, key employees. | $34,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,971 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,844 |
| Payroll taxes | $4,014 |
| Fees for services: Management | $52,298 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,305 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,564 |
| Office expenses | $20,612 |
| Information technology | $5,032 |
| Royalties | $0 |
| Occupancy | $12,190 |
| Travel | $0 |
| 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 | $3,223 |
| Insurance | $13,611 |
| All other expenses | $0 |
| Total functional expenses | $459,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $559,440 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,500 |
| 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 | $5,693 |
| Net Land, buildings, and equipment | $1,005,917 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,308,412 |
| Total assets | $4,880,962 |
| Accounts payable and accrued expenses | $1,035,367 |
| Grants payable | $0 |
| Deferred revenue | $63,805 |
| 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 | $1,793,152 |
| Other liabilities | $0 |
| Total liabilities | $2,892,324 |
| Net assets without donor restrictions | $1,387,866 |
| Net assets with donor restrictions | $600,772 |
| 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 | $4,880,962 |