U S Parachute Team Trust Fund
- Assets
- $2.4m
- Revenue
- $492.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Fredricksburg, VA
- Founding
- 04/1988
- Data as of
- 12/2021
- EIN
- 54-1449314
Organization Overview
U S Parachute Team Trust Fund is located in Fredricksburg, VA. The organization was established in 1988. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, 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. U S Parachute Team Trust Fund 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, U S Parachute Team Trust Fund generated $492.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $91.3k during the year ending 12/2021. While expenses have increased by 25.9% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND'S PURPOSE IS TO HELP DEFRAY THE EXPENSES OF THE U.S. PARACHUTE TEAM, INC. IN SENDING TEAMS TO AMATEUR PARACHUTING COMPETITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST FUND DISTRIBUTES FUNDS TO THE U.S. PARACHUTE TEAM IN SUPPORT OF COMPETITIONS. THE 2021 WORLD MEET WAS HELD IN SIBERIA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert Berchtold Executive Director | OfficerTrustee | 35 | $0 |
Randy Allison Chairman | OfficerTrustee | 1 | $0 |
Chuck Akers President | OfficerTrustee | 1 | $0 |
Sherry Butcher Vice President | OfficerTrustee | 1 | $0 |
Ray Lallo Secretary | OfficerTrustee | 2 | $0 |
Jack Pyland IV Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $372,214 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $372,214 |
| Total Program Service Revenue | $0 |
| Investment income | $39,428 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $81,065 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $492,707 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,147 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,104 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,023 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $91,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,200 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $163,449 |
| Accounts receivable, net | $1,926 |
| 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 | $0 |
| Investments—publicly traded securities | $2,277,122 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $866 |
| Total assets | $2,444,563 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $600,205 |
| Net assets with donor restrictions | $1,844,358 |
| 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 | $2,444,563 |
Endowment Analysis
| Beg. Balance | $1,472,144 |
| Earnings | $107,470 |
| Net Contributions | $372,214 |
| Other Expense | $107,470 |
| Ending Balance | $1,844,358 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Uncw Student Aid Association Inc Wilmington, NC | $3,125,370 | $1,638,038 |
Tenngreen Land Conservancy Nashville, TN | $19,971,388 | $11,678,938 |
Capitol Sea Devils Swimm Team Sterling, VA | $741,563 | $1,098,234 |
Pride Hockey Association Inc Bethesda, MD | $385,995 | $843,934 |
Patriot Foundation Pinehurst, NC | $1,492,250 | $862,205 |
Roanoke Outside Roanoke, VA | $523,412 | $727,631 |
Legacy Parks Foundation Knoxville, TN | $2,339,940 | $1,000,351 |
Nrva Inc Blacksburg, VA | $708,640 | $374,310 |
Walter Johnson Crew Club Inc Bethesda, MD | $159,109 | $367,851 |
Oak Ridge Youth Association Oak Ridge, NC | $71,834 | $359,863 |
Southern Organized Cheer Support Inc Somerset, KY | $152,763 | $355,833 |
Ushja Foundation Inc Lexington, KY | $1,990,471 | $208,035 |