Loudoun Valley Estates Torpedoes
- Assets
- $23.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ashburn, VA
- Founding
- 12/2011
- Data as of
- 12/2021
- EIN
- 90-0550189
Organization Overview
Loudoun Valley Estates Torpedoes is located in Ashburn, VA. The organization was established in 2011. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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. Loudoun Valley Estates Torpedoes 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 12/2021, Loudoun Valley Estates Torpedoes generated $16.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $12.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 7 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
THE SWIM TEAM HAS HELPED 85 CHILDREN PARTICIPATE IN THE DEVELOPMENTAL SWIM PROGRAM. THANKS TO THE EFFORTS OF OUR VOLUNTEERS, THIS HAS BEEN AN AFFORDABLE OPPORTUNITY FOR CHILDREN AND FAMILIES. THE TEAM AND ITS FAMILIES HAVE ALSO BUILT A WONDERFUL SENSE OF "COMMUNITY" THROUGH THE ALTRUISTIC EFFORTS OF ALL. IT'S A TRUE TEAM EFFORT BY ALL THE PARENTS INVOLVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rajiv Patnaik Secretary | 1.5 | $0 | |
Ravi Middha Comp Operations | 1.5 | $0 | |
Vicky Block Vol Coordinator | 1.5 | $0 | |
Shanmugam Chinnappa Gounder Treasurer | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,822 |
| Total Program Service Revenue | $13,201 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $15,953 |
| 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 | $9,361 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,947 |
| Total expenses | $12,308 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,543 |
| Other assets | $0 |
| Total assets | $23,282 |
| Total liabilities | $0 |
| Net assets or fund balances | $23,282 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divers Alert Network Durham, NC | $37,418,607 | $12,273,989 |
Mecklenburg Aquatic Club Inc Charlotte, NC | $2,813,176 | $4,694,169 |
Nova Of Virginia Aquatics Inc Richmond, VA | $8,429,552 | $3,737,460 |
Occoquan Swimming Inc Manassas, VA | $416,953 | $2,263,892 |
Hollow Rock Racquet And Swim Club Inc Durham, NC | $3,219,714 | $2,479,240 |
Raleigh Swimming Association Raleigh, NC | $3,136,776 | $2,156,316 |
United States Power Squadrons Raleigh, NC | $2,932,406 | $2,085,267 |
American Canoe Association Fredericksburg, VA | $2,935,103 | $2,005,196 |
Excel Aquatics Brentwood, TN | $851,394 | $1,571,381 |
Old Dominion Boat Club Alexandria, VA | $11,245,214 | $1,105,837 |
Nashville Aquatic Club Nashville, TN | $573,153 | $1,290,870 |
Tide Swimming Virginia Beach, VA | $1,525,215 | $1,751,645 |