Old Dominion Athletic Conference Inc
- Assets
- $165.6k
- Revenue
- $523.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Forest, VA
- Founding
- 03/1999
- Data as of
- 06/2021
- EIN
- 54-1861677
Organization Overview
Old Dominion Athletic Conference Inc is located in Forest, VA. The organization was established in 1999. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Old Dominion Athletic Conference Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Dominion Athletic Conference Inc 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 06/2021, Old Dominion Athletic Conference Inc generated $523.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $535.3k during the year ending 06/2021. While expenses have increased by 0.9% per year over the past 6 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
TO PROVIDE INTERCOLLEGIATE ATHLETIC MANAGEMENT SERVICES TO 15 MEMBER COLLEGES AND UNIVERSITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OLD DOMINION ATHLETIC CONFERENCE, INC. CONDUCTS TOURNAMENTS, AND PROVIDES MANAGEMENT AND INTERCOLLEGIATE ATHLETIC SERVICES FOR EACH OF IT'S MEMBER COLLEGES AND UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Bankston Commissioner | Officer | 40 | $104,248 |
See Attachment Directors | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $46,400 |
| 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 | $46,400 |
| Total Program Service Revenue | $257,153 |
| Investment income | $136 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $523,371 |
| 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. | $104,248 |
| Compensation of current officers, directors, key employees. | $34,402 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $82,543 |
| Pension plan accruals and contributions | $14,876 |
| Other employee benefits | $32,691 |
| Payroll taxes | $14,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $903 |
| 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 | $1,500 |
| Office expenses | $3,772 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,450 |
| Travel | $7,443 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $21,298 |
| Total functional expenses | $535,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $165,630 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $165,630 |
| Accounts payable and accrued expenses | $9,057 |
| 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 | $9,057 |
| Net assets without donor restrictions | $0 |
| 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 | $156,573 |
| Total liabilities and net assets/fund balances | $165,630 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Old Dominion Athletic Conference Inc has recieved totaling $101,632.
| Awarding Organization | Amount |
|---|---|
National Collegiate Athletic Association Indianapolis, IN PURPOSE: Scholarships/Grants | $101,632 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charlotte Sports Foundation Charlotte, NC | $17,242,160 | $23,218,983 |
Atlantic 10 Conference Newport News, VA | $60,983,729 | $20,508,241 |
Ohio Valley Conference Brentwood, TN | $13,074,927 | $12,736,519 |
Big Green Scholarship Foundation Inc Huntington, WV | $16,493,764 | $5,508,906 |
Central Intercollegiate Athletic Assn Charlotte, NC | $1,647,093 | $3,002,061 |
Commission On Accreditation Of Athletic Training Education Washington, DC | $2,568,849 | $1,866,924 |
Linganore Area Youth Athletic Association Inc New Market, MD | $1,071,409 | $1,555,930 |
Nextmax Inc Benton, KY | $15,645 | $50,694 |
Karate For Christ International Inc Virginia Beach, VA | $231,385 | $1,111,339 |
Universal Sports And Academics Inc Waldorf, MD | $312,853 | $1,249,952 |
Cleveland County Alws Baseball Inc Shelby, NC | $1,206,630 | $1,175,426 |
Vienna Youth Inc Vienna, VA | $5,144,115 | $913,222 |