Cover 3 Football Inc
- Assets
- $160.7k
- Revenue
- $878.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Franklin, VA
- Founding
- 08/2010
- Data as of
- 12/2021
- EIN
- 27-1957755
Organization Overview
Cover 3 Football Inc, operating under the name Cover 3 Foundation Inc, is located in Franklin, VA. The organization was established in 2010. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cover 3 Foundation 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 12/2021, Cover 3 Foundation Inc generated $878.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $877.1k during the year ending 12/2021. 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
OUR MISSION IS TO INSPIRE AND MOTIVATE CHILDREN TO ACHIEVE THEIR GOALS AND CONQUER ADVERSITY THROUGH POSITIVE, PERSONAL AND PASSIONATE COACHING, MENTORING AND COMMUNITY SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COVER 3 YOUTH FOOTBALL & CHEER LEAGUE. THE COVER 3 YOUTH FOOTBALL LEAGUE, FORMALLY THE FRANKLIN LITTLE LEAGUE FOOTBALL PROGRAM, BEGAN ITS INAUGURAL SEASON AUGUST OF 2014. AFTER SEVERAL SUCCESSFUL YEARS AS THE COVER 3 TIDE, PARTICIPATING IN THE AMERICAN YOUTH FOOTBALL LEAGUE (AYF), COVER 3 FOUNDATION IS THRILLED TO BE A PART OF THIS LOCAL MOVEMENT. GIRLS AND BOYS AGES 6-13 CAN PARTICIPATE IN FLAG, TACKLE OR CHEERING. SKILL DEVELOPMENT AND SAFETY ARE OUR TOP PRIORITIES AND ARE MAIN FOCUSES OF THE PROGRAM.
C3'S KID'S MEALS. THIS PROGRAM EXISTS TO PROVIDE NUTRITIOUS SNACKS AND MEALS TO ALL CHILDREN IN AFTER-SCHOOL PROGRAMS, SUMMER FEEDING SITES AND WHILE SCHOOL IS OUT DURING THE YEAR THROUGHOUT SOUTHAMPTON COUNTY, GREENSVILLE COUNTY, SUSSEX COUNTY, CHESAPEAKE, NORFOLK, SUFFOLK, EMPORIA, PETERSBURG, VIRGINIA BEACH AND THE CITY OF FRANKLIN. TO DATE THIS IS OUR LARGEST PROGRAM, REACHING NEARLY 3,000 CHILDREN EVERY DAY.
C3'S FUTURE FATHERS. THIS PROGRAM IS DESIGNED TO TRANSFORM YOUNG MEN INTO POSITIVE LEADERS OF THEIR COMMUNITY AND FAMILY. IT IS OUR BELIEF THAT EVERY YOUNG MAN GROWS INTO A FATHER, LEADER, OR MENTOR TO OTHERS; POSITIVE OR NEGATIVE. THE MAIN GOAL OF THIS PROGRAM IS TO DEVELOP THE PROPER CHARACTER SKILLS AND LIFE SKILLS ADOLESCENT MALES NEED TO POSITIVELY AFFECT OTHERS THROUGH ACTIVITIES, WORKSHOPS, AND TRAINING FOR MENTORS, FATHERS AND SONS. OUR OBJECTIVE IS TO CREATE A CULTURE OF LEADERSHIP, TOLERANCE AND ACCEPTANCE THROUGH RELATIONSHIP BUILDING AND BY SUPPORTING FATHERS IN THEIR MISSION TO SET POSITIVE EXAMPLES FOR THEIR FAMILY AND COMMUNITY. ADDITIONALLY, THE FOUNDATION SEEKS TO PROVIDE POSITIVE ROLE MODELS AND FATHER FIGURES TO CHILDREN GROWING UP IN A FATHERLESS HOME.
REACH TEACH FEED INITIATIVE. THE PURPOSE OF C3'S REACH TEACH FEED INITIATIVE IS TO MOTIVATE AND INSPIRE CHILDREN AND FAMILIES TO "EAT SMART" THROUGH NUTRITION EDUCATION AND AWARENESS. MEMBERS JOIN THIS INITIATIVE TO SHOW SUPPORT FOR HEALTHY EATING AND TO RECEIVE TIPS AND UPDATES ABOUT CHILD AND FAMILY NUTRITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Scott Founder & Ce | OfficerTrustee | 40 | $141,214 |
Xavier Scott Vice Preside | Officer | 30 | $21,391 |
Susan Melbye Secretary/tr | Officer | 20 | $0 |
Darnell Lee Vice-Chairma | Trustee | 3 | $0 |
Littleton Parker Chairman | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $783,274 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,830 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $878,104 |
| Total Program Service Revenue | $0 |
| Investment income | $57 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $878,161 |
| 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 | $37,236 |
| Fees for services: Accounting | $45,337 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $825 |
| Office expenses | $6,250 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,011 |
| Travel | $182 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,799 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,820 |
| Insurance | $14,560 |
| All other expenses | $225 |
| Total functional expenses | $877,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,831 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,023 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $28,099 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,580 |
| Prepaid expenses and deferred charges | $2,989 |
| Net Land, buildings, and equipment | $42,802 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,411 |
| Other assets | $0 |
| Total assets | $160,735 |
| 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 | $73,465 |
| Unsecured mortgages and notes payable | $189,569 |
| Other liabilities | $21,770 |
| Total liabilities | $284,804 |
| Net assets without donor restrictions | -$124,069 |
| 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 | $160,735 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cover 3 Football Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
National Football League Foundation New York, NY PURPOSE: PLAYER FOUNDATION GRANTS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Generation - You Employed Inc Washington, DC | $32,196,758 | $17,956,702 |
Young Americas Foundation Reston, VA | $108,030,545 | $39,445,693 |
Youth Enrichment Program Of Wilson Wilson, NC | $22,968,665 | $15,099,824 |
Partnership For A Healthier America Inc Washington, DC | $8,156,675 | $7,675,528 |
Seeding Success Memphis, TN | $15,830,696 | $16,460,800 |
Emerald Youth Foundation Knoxville, TN | $26,135,509 | $10,102,853 |
Girls On The Run International Charlotte, NC | $10,723,648 | $6,480,865 |
Washington Nationals Philanthropies Washington, DC | $8,857,322 | $4,334,499 |
Tennessee Soccer Club Inc Brentwood, TN | $2,122,655 | $5,672,715 |
Peaceplayers International Washington, DC | $2,663,713 | $3,827,781 |
Impact Living Services Forest, VA | $3,151,473 | $6,118,517 |
Service Year Exchange Inc Washington, DC | $7,358,910 | $7,347,919 |