Forest Youth Athletic Association
- Assets
- $475.6k
- Revenue
- $205.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Forest, VA
- Founding
- 09/1985
- Data as of
- 12/2021
- EIN
- 52-1275638
Organization Overview
Forest Youth Athletic Association is located in Forest, VA. The organization was established in 1985. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Forest Youth Athletic Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forest Youth Athletic Association 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, Forest Youth Athletic Association generated $205.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $158.0k 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
TO PROVIDE RECREATIONAL ACTIVITIES FOR THE YOUTH IN THE FOREST, VIRGINIA COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF BASEBALL, FOOTBALL, SOCCER, LACROSSE, AND BASKETBALL PROGRAMS TO THE YOUTH OF THE FOREST, VIRGINIA COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Ellis Executive Director | Officer | 1 | $13,979 |
Chris Owen Secretary & Director | OfficerTrustee | 1 | $0 |
Jeff Ellis Treasurer & Director | OfficerTrustee | 1 | $0 |
Tj Cowart President & Director | OfficerTrustee | 1 | $0 |
Ray Armes Vice-President & Director | OfficerTrustee | 1 | $0 |
Chris Winterfeldt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,662 |
| 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 | $4,662 |
| Total Program Service Revenue | $196,483 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,940 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$554 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $205,281 |
| 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. | $13,979 |
| Compensation of current officers, directors, key employees. | $10,065 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,100 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,536 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $550 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,350 |
| Office expenses | $1,943 |
| Information technology | $1,158 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,492 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,200 |
| Insurance | $11,261 |
| All other expenses | $0 |
| Total functional expenses | $157,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,205 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $420,435 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $475,640 |
| 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 | $229,059 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,276 |
| Total liabilities | $236,335 |
| Net assets without donor restrictions | $224,210 |
| Net assets with donor restrictions | $15,095 |
| 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 | $475,640 |
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