Holmdel Tru Velocity Athletic Club Inc
- Assets
- $2.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Holmdel, NJ
- Founding
- 03/2013
- Data as of
- 12/2021
- EIN
- 27-3514395
Organization Overview
Holmdel Tru Velocity Athletic Club Inc is located in Holmdel, NJ. The organization was established in 2013. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holmdel Tru Velocity Athletic 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 12/2021, Holmdel Tru Velocity Athletic Club Inc generated $2.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (28.9%) each year. All expenses for the organization totaled $4.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE PRIMARY ACTIVITY OF THE CLUB IS TO PROVIDE YOUTH OPPORTUNITIES TO TRAIN AND COMPETE THROUGH ORGANIZED PRACTICES, EDUCATIONAL WORKSHOPS, CLINICS AND PARTICIPATING IN SANCTIONED EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Duncan Vice President | 1 | $0 | |
Trish Koch Secretary/treasurer | 1 | $0 | |
Maria Elena Crowley President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,650 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $2,650 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $213 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $759 |
| Total expenses | $4,722 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,483 |
| Other assets | $0 |
| Total assets | $2,483 |
| Total liabilities | $50,501 |
| Net assets or fund balances | -$48,018 |
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