United States Parachute Team
- Assets
- $40.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fredericksburg, VA
- Founding
- 03/1977
- Data as of
- 12/2021
- EIN
- 52-1070173
Organization Overview
United States Parachute Team is located in Fredericksburg, VA. The organization was established in 1977. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, 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. United States Parachute Team 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, United States Parachute Team generated $93.4k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $79.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 5 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
FUND AND SUPPORT THOSE SKYDIVERS CHOSEN TO BE ON THE U.S.PARACHUTE TEAM TO REPRESENT THE U.S. AT THE WORLD MEET. THE 2021 WORLD MEET WAS HELD IN SIBERIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert Berchtold Executive Director | 1 | $0 | |
Chuck Akers President | 1 | $0 | |
Randy Allison Chairman | 1 | $0 | |
Kirk Verner Director | 1 | $0 | |
Ray Lallo Secretary | 1 | $0 | |
Jack Pyland Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,033 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $408 |
| Total Revenue | $93,441 |
| 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 | $2,152 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $497 |
| Other expenses | $56,947 |
| Total expenses | $79,201 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $39,975 |
| Other assets | $0 |
| Total assets | $40,684 |
| Total liabilities | $6,213 |
| Net assets or fund balances | $34,471 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that United States Parachute Team has recieved totaling $154.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $154 |
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Rrft Enterprise Eden, MD | $205,621 | $1,786,001 |
Tidewater Volleyball Association Virginia Beach, VA | $336,915 | $1,476,950 |
West Virginia Golf Association Charleston, WV | $499,772 | $1,388,651 |
Music City Bowl Inc Nashville, TN | $2,763,006 | $112,115 |
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