Lubbock Volleyball Club Inc
- Assets
- $132.7k
- Revenue
- $224.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 06/1999
- Data as of
- 09/2021
- EIN
- 75-2729736
Organization Overview
Lubbock Volleyball Club Inc is located in Lubbock, TX. The organization was established in 1999. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lubbock Volleyball Club 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 09/2021, Lubbock Volleyball Club Inc generated $224.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $208.4k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 6 years. 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 INSTRUCT AND ENCOURAGE YOUNG GIRLS IN THE BASICS OF VOLLEYBALL WITH THE END RESULT BEING THAT THEY EXCEL WITHIN THE ORGANIZATION AND ARE ABLE TO TAKE THEIR KNOWLEDGE AND EXPERIENCE TO THEIR RESPECTIVE SCHOOLS AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION COLLECTS PLAYER AND TOURNAMENT FEES AND PAYS EXPENSES FOR EACH CLUB TEAM, INCLUDING COACHES FEES, NATIONAL DUES, TOURNAMENT ENTRY FEES, TRAVEL, SUPPLIES AND GYM RENTALS. THE ORGANIZATION FACILITATED A FALL LEAGUE WITH 81 GIRLS AND A CLUB SEASON WITH 11 TEAMS CONSISTING OF 110 GIRLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peyton Hooper Club Director | Trustee | 6 | $14,381 |
Susan Snead Treasurer | OfficerTrustee | 8 | $2,850 |
Michael Mangum Lvc Director | Trustee | 1 | $1,598 |
Angelica Garcia President | OfficerTrustee | 4 | $1,500 |
Kathy Shoemaker Vice President | OfficerTrustee | 2 | $0 |
Emily Walterscheid Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,106 |
| Investment income | $69 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,767 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $224,154 |
| Statement of Expenses | |
|---|---|
| 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. | $20,329 |
| 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 | $585 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,802 |
| Advertising and promotion | $844 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,000 |
| 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 | $208,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,397 |
| Savings and temporary cash investments | $63,683 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,795 |
| 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 | $2,775 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $132,650 |
| Accounts payable and accrued expenses | $8,214 |
| 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 | $8,214 |
| Net assets without donor restrictions | $124,436 |
| 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 |
| Total liabilities and net assets/fund balances | $124,436 |