Island Thunder Volleyball Club
- Assets
- $155.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mercer Island, WA
- Founding
- 02/2010
- Data as of
- 08/2021
- EIN
- 80-0406499
Organization Overview
Island Thunder Volleyball Club is located in Mercer Island, WA. The organization was established in 2010. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Island Thunder Volleyball Club 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 08/2021, Island Thunder Volleyball Club generated $138.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $126.3k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
ITVC FORMED NINE TEAMS RANGING IN AGE FROM 12 TO 18 TO COMPETE IN LOCAL AND NATIONAL USAV VOLLEYBALL TOURNAMENTS. APPROXIMATELY 111 VOLLEYBALL PLAYERS JOINED THE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Kahn Board Member | 8 | $0 | |
Jessica Papell Board Member | 40 | $0 | |
Kate Emerson Board Member | 7 | $0 | |
Dino Annest Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $54,108 |
| Membership dues | $83,932 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $138,040 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $81,179 |
| Occupancy, rent, utilities, and maintenance | $888 |
| Printing, publications, postage, and shipping | $33 |
| Other expenses | $44,175 |
| Total expenses | $126,275 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $155,937 |
| Other assets | $0 |
| Total assets | $155,937 |
| Total liabilities | $21,666 |
| Net assets or fund balances | $134,271 |
Peer Organizations
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|---|---|---|
Multnomah Athletic Club Portland, OR | $105,959,978 | $39,135,600 |
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Waverley Country Club Portland, OR | $15,287,232 | $9,034,980 |
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Seattle Yacht Club Seattle, WA | $30,460,626 | $8,534,744 |
Seattle Tennis Club Seattle, WA | $26,695,930 | $9,613,446 |
Eugene Country Club Eugene, OR | $18,840,181 | $10,610,025 |
Sahalee Country Club Sammamish, WA | $23,374,179 | $8,767,050 |
Glendale Country Club Bellevue, WA | $11,150,711 | $6,731,979 |