Coastal Athletic Association
- Assets
- $19.1m
- Revenue
- $12.0m
- Investments
- $7.0k
- Employees
- 19
- Location
- Richmond, VA
- Founding
- 07/1995
- Data as of
- 06/2024
- EIN
- 54-1670009
Organization Overview
Coastal Athletic Association is located in Richmond, VA. The organization was established in 1995. As of 06/2024, Coastal Athletic Association employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal 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 06/2024, Coastal Athletic Association generated $12.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $10.0m during the year ending 06/2024. While expenses have increased by 2.0% 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.
Since 2018, Coastal Athletic Association has awarded 34 individual grants totaling $492,305. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN ORGANIZATION THROUGH WHICH THE MEMBER INSTITUTIONS MAY MAINTAIN INTERCOLLEGIATE ATHLETICS WITH DIGNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES AN ORGANIZATION THROUGH WHICH THE MEMBER INSTITUTIONS MAINTAIN INTERCOLLEGIATE ATHLETICS IN CONFORMITY WITH THE DIGNITY AND HIGH PURPOSE OF THE MEMBERSHIP. THE MEMBERS REGARD COMPETITIVE SPORTS AS EDUCATION.
CONDUCTS CONFERENCE CHAMPIONSHIPS FOR BOTH MEN'S AND WOMEN'S INTERCOLLEGIATE SPORTS.
ON AN ANNUAL BASIS, AN AVERAGE OF 1,600 STUDENT ATHLETES BENEFIT THROUGH NCAA DISTRIBUTIONS AND SPECIAL ASSISTANCE FUNDS, WHICH PROVIDE RESOURCES TO STUDENT ATHLETES WHO WOULD NOT BE ABLE TO ATTEND COLLEGE AND PLAY SPORTS WITHOUT ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Hsu President | OfficerTrustee | 1 | $0 |
John Fry Member | Trustee | 1 | $0 |
Katherine Rowe Member | Trustee | 1 | $0 |
Connie Ledoux Book Member | Trustee | 1 | $0 |
Susan Poser Member | Trustee | 1 | $0 |
Joseph Aoun Member | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,460,239 |
| Investment income | $512,901 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,055 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $20,447 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,036,040 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $84,274 |
| 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. | $480,802 |
| Compensation of current officers, directors, key employees. | $74,399 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,040,128 |
| Pension plan accruals and contributions | $71,029 |
| Other employee benefits | $178,567 |
| Payroll taxes | $91,759 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,520 |
| Fees for services: Accounting | $18,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,828 |
| Fees for services: Other | $327,502 |
| Advertising and promotion | $0 |
| Office expenses | $25,560 |
| Information technology | $30,353 |
| Royalties | $0 |
| Occupancy | $28,887 |
| Travel | $45,634 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $164,134 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,552 |
| Insurance | $56,818 |
| All other expenses | $22,871 |
| Total functional expenses | $9,953,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,560,176 |
| Savings and temporary cash investments | $1,553,893 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,281,435 |
| 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 | $34,914 |
| Net Land, buildings, and equipment | $168,937 |
| Investments—publicly traded securities | $4,355,122 |
| Investments—other securities | $7,006 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $131,349 |
| Total assets | $19,092,832 |
| Accounts payable and accrued expenses | $250,198 |
| 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 | $1,998,444 |
| Total liabilities | $2,248,642 |
| Net assets without donor restrictions | $12,928,528 |
| Net assets with donor restrictions | $3,915,662 |
| 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 | $19,092,832 |
Grants Awarded
Over the last fiscal year, Coastal Athletic Association has awarded $80,769 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
DREXEL UNIVERSITY PURPOSE: INNOVATION | $23,244 |
COLLEGE OF WILLIAM AND MARY PURPOSE: INNOVATION | $12,667 |
HOFSTRA UNIVERSITY PURPOSE: INNOVATION | $13,062 |
NORTHEASTERN UNIVERSITY PURPOSE: INNOVATION | $18,796 |
THE RESEARCH FNDT FOR STATE UNI NYSTATE UNIVERSITY OF NEW YORK PURPOSE: INNOVATION | $13,000 |