Verdun Adventure Bound Inc
- Assets
- $1.7m
- Revenue
- $612.0k
- Investments
- $0.0
- Employees
- 24
- Location
- Rixeyville, VA
- Founding
- 02/2000
- Data as of
- 12/2022
- EIN
- 54-1937517
Organization Overview
Verdun Adventure Bound Inc is located in Rixeyville, VA. The organization was established in 2000. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Verdun Adventure Bound Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Verdun Adventure Bound 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 12/2022, Verdun Adventure Bound Inc generated $612.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $585.1k during the year ending 12/2022. While expenses have increased by 11.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND PROMOTE YOUTH AND ADULT PERSONAL GROWTH THROUGH EXPERIENTIAL LEARNING AND TO TEACH STEWARDSHIP OF THE LAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORPORATIONS, BUSINESSES, CHURCH GROUPS & SCHOOLS: TO PROVIDE A STRUCTURED ENVIRONMENT FOR TEAM BUILDING AND SELF-DISCOVERY AND TO EXPERIENCE THE GREAT OUTDOORS IN A SPIRITUALLY-RICH ENVIRONMENT.
BOY SCOUTS/GIRL SCOUTS: ALLOWED SCOUTS TO ATTEND CAMPS AND USE FACILITIES TO HELP ACCOMPLISH THE MISSION OF SCOUTING - UNDERSTANDING THE ENVIRONMENT TO BE BETTER ABLE TO MAKE A DIFFERENCE.
RAPPAHANNOCK GOODWILL, INC AND VERDUN ADVENTURE BOUND, INC HAVE A JOINT PROJECT KNOWN AS "THE GROUNDWORK PROJECT": TO GIVE AT-RISK YOUTH THE OPPORTUNITY TO BUILD THE LIFE AND JOB SKILLS THEY NEED TO ACHIEVE PERSONAL GROWTH, LEADING TO SUSTAINABLE EMPLOYMENT AND A STRONGER COMMUNITY FOR US ALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kendal Blaser Treasurer | OfficerTrustee | 1.25 | $0 |
Tom Blaser Board Member | Trustee | 0.5 | $0 |
Honore Hastings Board Member | Trustee | 0.5 | $0 |
Jeff Hollis Chairman | OfficerTrustee | 2.5 | $0 |
Erin Kozanecki Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,378 |
| Related organizations | $0 |
| Government grants | $179,446 |
| All other contributions, gifts, grants, and similar amounts not included above | $144,123 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $348,947 |
| Total Program Service Revenue | $233,461 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,783 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $815 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $612,012 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| 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 | $323,638 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,200 |
| Payroll taxes | $26,213 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,310 |
| Fees for services: Accounting | $1,158 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,598 |
| Office expenses | $2,665 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,367 |
| Travel | $112 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,420 |
| Insurance | $26,275 |
| All other expenses | $35,051 |
| Total functional expenses | $585,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,530 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,139 |
| 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 | $1,617,957 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,748,626 |
| 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 | $229 |
| Total liabilities | $229 |
| Net assets without donor restrictions | $1,748,397 |
| 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 | $1,748,626 |