Tidewater Volleyball Association
- Assets
- $501.9k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 16
- Location
- Virginia Beach, VA
- Founding
- 06/1987
- Data as of
- 09/2023
- EIN
- 54-1336134
Organization Overview
Tidewater Volleyball Association is located in Virginia Beach, VA. The organization was established in 1987. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, Tidewater Volleyball Association employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tidewater Volleyball 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 09/2023, Tidewater Volleyball Association generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $2.0m during the year ending 09/2023. While expenses have increased by 10.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EDUCATION THROUGH VOLLEYBALL.
Describe the Organization's Program Activity:
TO PROMOTE THE DEVELOPMENT OF VOLLEYBALL IN THE TIDEWATER AREA OF VIRGINIA INCLUDING LOCAL, STATE, REGIONAL AND INTERNATIONAL COMPETITION FOR JUNIORS (INCLUDING JUNIOR OLYMPIC PRACTICE TIME) AND OTHER SPONSORED PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristina Wojieck - Stein Executive Dir. | OfficerTrustee | 0 | $0 |
Elaine Swingle Treasurer | OfficerTrustee | 0 | $0 |
Kevin Peoples Director | OfficerTrustee | 0 | $0 |
Liana Peoples Director | OfficerTrustee | 0 | $0 |
Sean Wreggelsworth Secretary | OfficerTrustee | 0 | $0 |
William Stein President | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,580 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,580 |
| Total Program Service Revenue | $1,923,440 |
| Investment income | $68 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,080 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,135 |
| Net Income from Gaming Activities | $124,550 |
| Net Income from Sales of Inventory | $2,170 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,132,023 |
| 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 | $302,856 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,830 |
| Payroll taxes | $105,870 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,809 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $32,474 |
| Office expenses | $10,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $256,096 |
| Travel | $5,082 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,166 |
| Insurance | $27,376 |
| All other expenses | $156,384 |
| Total functional expenses | $1,955,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $377,379 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,885 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,923 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $58,733 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $501,920 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $72,215 |
| Total liabilities | $72,215 |
| Net assets without donor restrictions | $429,705 |
| 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 | $501,920 |