Virginia State University Athletic Club
- Assets
- $697.0k
- Revenue
- $684.7k
- Investments
- $0.0
- Employees
- 0
- Location
- South Chesterfield, VA
- Founding
- Data as of
- 06/2024
- EIN
- 99-2301409
Organization Overview
Virginia State University Athletic Club is located in South Chesterfield, VA. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia State University Athletic Club is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO SUPPORT THE ATHLETICS AND THE STUDENT AT VIRGINIA STATE UNIVERSITY (VSU).
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FINANCIAL SUPPORT TO VIRGINIA STATE UNIVERSITY (VSU) TO ACQUIRE VARIOUS EQUIPMENT TO SUPPORT ALL SPORT TEAMS (FOOTBALL, MEN AND WOMEN BASKETBALL, VOLLEYBALL, SOCCER AND BASEBALL AND ETC. )
COST OF ENTRANCE FOR MEMBER TO ATTEND VARIOUS ATHLETIC ACTIVITIES TO SUPPORT AND ENCOURAGE THE STUDENT ATHLETES.
EDUCATIONAL MEETING BETWEEN REPRESENTATIVES OF VSU AND MEMBERS TO UNDERSTAND: RULES AND REGULATIONS 1. NCAA'S RULES AND REGULATIONS THAT GOVERN COLLEGE ATHLETICS 2. PROMOTE THE BENEFIT OF ATHLETICS ON THE EDUCATION OF THE STUDENT ATHLETE AND THE UNIVERSITY AS A WHOLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harrison Bonner Director | Trustee | 5 | $0 |
Frederick Custis Director | Trustee | 5 | $0 |
Rita Harper Director | Trustee | 5 | $0 |
Paulette Johnson Director | Trustee | 5 | $0 |
Raymond Wrenn Director | Trustee | 5 | $0 |
Ellis Hargress President | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $124,500 |
| Fundraising events | $7,743 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $551,427 |
| Noncash contributions included in lines 1a–1f | $2,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $683,670 |
| Total Program Service Revenue | $0 |
| Investment income | $6,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,058 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $684,727 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $27,121 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $3,123 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13 |
| Information technology | $1,856 |
| Royalties | $0 |
| Occupancy | $2,411 |
| 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 | $2,744 |
| All other expenses | $1,161 |
| Total functional expenses | $121,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,342 |
| Savings and temporary cash investments | $558,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $133,700 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $697,042 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $144,638 |
| Net assets with donor restrictions | $552,404 |
| 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 | $697,042 |