Maine Volleyball Foundation Inc
- Assets
- $156.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Gray, ME
- Founding
- 12/2011
- Data as of
- 08/2024
- EIN
- 27-3800408
Organization Overview
Maine Volleyball Foundation Inc is located in Gray, ME. The organization was established in 2011. 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. Maine Volleyball 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 08/2024, Maine Volleyball Foundation Inc generated $7.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (30.4%) each year. All expenses for the organization totaled $21.0k during the year ending 08/2024. As we would expect to see with falling revenues, expenses have declined by (21.6%) per year over the past 9 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
2024
Describe the Organization's Program Activity:
Part 3
THE BOARD IS REORGANIZING TO PROVIDE EXPANDED GEOGRAPHIC REPRESENTATION OF VOLLEYBALL IN THE DOWNEAST AND WESTERN MAINE REGIONS. PUBLIC RELATIONS EFFORTS INCLUDE WEBSITE DEVELOPMENT AND PERSONAL OUTREACH PROMOTING THE GROWTH OF VOLLEYBALL PROGRAMS WITHIN THE MAINE EDUCATION SYSTEM. NEW CRITERIAL FOR STUDENT SCHOLARSHIPS WERE DEVELOPED FOR EXPANSION AND IMPLEMENTATION FOR THE 2024 VOLLEYBALL SEASON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Razsa President | 5 | $0 | |
Maple Razsa Secretary | 0 | $0 | |
James Razsa Vice President | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $6,894 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $7,894 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $19,370 |
| Professional fees and other payments to independent contractors | $1,596 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $20,966 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $156,285 |
| Other assets | $0 |
| Total assets | $156,285 |
| Total liabilities | $0 |
| Net assets or fund balances | $156,285 |