Halifax Heat Athletic Corporation
- Assets
- $18.6k
- Revenue
- $3.4k
- Investments
- $0.0
- Employees
- 0
- Location
- South Boston, VA
- Founding
- 08/2019
- Data as of
- 12/2022
- EIN
- 82-3861918
Organization Overview
Halifax Heat Athletic Corporation is located in South Boston, VA. The organization was established in 2019. According to its NTEE Classification (N63) the organization is classified as: Baseball & Softball, 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. Halifax Heat Athletic Corporation 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, Halifax Heat Athletic Corporation generated $3.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (44.4%) each year. All expenses for the organization totaled $8.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION FOR WORLD SERIES TRAVEL
DONATION TO VOLLEYBALL TEAM
DONATION FOR WORLD SERIES TRAVEL
TEAM SPONSORSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Wade Salley Treasurer And Secretary | 10 | $0 | |
Toby Albert Payne President | 7 | $0 | |
Tara Neal Payne Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,089 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,345 |
| Total Revenue | $3,434 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,799 |
| Total operating and administrative expenses | $6,799 |
| Contributions, gifts, grants paid | $1,350 |
| Total expenses and disbursements | $8,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,621 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,621 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Halifax Heat Athletic Corporation has awarded $1,350 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HALIFAX SOUTH BOSTON DIXIE DEBS PURPOSE: DONATION FOR WORLD SERIES TRAVEL | $400 |
OZONE BASEBALL ALLSTARS PURPOSE: DONATION FOR WORLD SERIES TRAVEL | $250 |
HALIFAX COUNTY MIDDLE SCHOOL PURPOSE: DONATION TO VOLLEYBALL TEAM | $250 |
HALIFAX SOUTH BOSTON DIXIE SOFTBALL PURPOSE: TEAM SPONSHORSHIP | $200 |
MINOR BASEBALL ALLSTARS PURPOSE: DONATION FOR WORLD SERIES TRAVEL | $150 |
COMET BOOSTER PURPOSE: FUNDRAISER FOR HIGH SCHOOL SOFTBALL TEAM | $100 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Halifax Heat Athletic Corporation has recieved totaling $805.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $805 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Baseball Federation Inc Durham, NC | $5,122,144 | $8,202,476 |
Chantilly Youth Association Inc Chantilly, VA | $7,555,946 | $3,403,813 |
Hurricanes Baseball Fredericksburg, VA | $620,272 | $2,544,250 |
Bethesda Chevy Chase Baseball Inc Rockville, MD | $2,986,750 | $2,109,700 |
Delmarva Aces Baseball And Softball Inc Berlin, MD | $594,594 | $1,723,198 |
National Fastpitch Coaches Association Louisville, KY | $2,477,751 | $1,622,563 |
Northern Virginia Travel Baseball League Herndon, VA | $1,029,171 | $1,260,557 |
Brentwood Baseball Inc Brentwood, TN | $376,722 | $761,962 |
Southwest Athletics Inc Clemmons, NC | $3,325,327 | $829,282 |
Mt Juliet League Inc Mt Juliet, TN | $991,694 | $794,006 |
Cuyahoga Valley Youth Organization Inc Crossville, TN | $454,390 | $914,040 |
Knothole Foundation Inc Charlotte, NC | $5,718,511 | $870,455 |