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Nonprofiteer
← USA VOLLEYBALL FOUNDATION

Form 990 for tax year 2022

Filed by USA VOLLEYBALL FOUNDATION.

Totals

Total revenue
$142,863
Total expenses
$211,791
Contributions and grants received
$20,335
Grants paid
$179,642
Program service revenue
$0
Investment income
$122,528
Other revenue
$0
Total assets, end of year
$3,407,213
Total liabilities, end of year
$182,504
Net assets or fund balances, end of year
$3,224,709
Program services expenses (Part IX)
$179,642
Management and general expenses
$29,175
Fundraising expenses
$2,974
Program service expenses (Part III)
$179,642

Program services were 84.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $20,335

  • 3 · Investment income

    total $72,213 · excluded $72,213

  • 7a · Gross sales of assets other than inventory

    securities $678,779

  • 7b · Less cost or other basis and sales expenses

    securities $628,464

  • 7c · Gain or loss

    securities $50,315

  • 7d · Net gain or loss

    total $50,315 · excluded $50,315

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $179,642 · program services $179,642

  • 11c · Fees: accounting

    total $1,000 · fundraising $1,000

  • 11f · Fees: investment management

    total $29,175 · management and general $29,175

  • 13 · Office expenses

    total $132 · fundraising $132

  • 14 · Information technology

    total $340 · fundraising $340

  • 23 · Insurance

    total $1,502 · fundraising $1,502

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,669 · end of year $43,837

  • 11 · Investments: publicly traded securities

    beginning of year $4,136,711 · end of year $3,363,013

  • 12 · Investments: other securities

    beginning of year $350 · end of year $350

  • 15 · Other assets

    beginning of year $15,695 · end of year $13

  • 25 · Other liabilities

    beginning of year $174,737 · end of year $182,504

  • 27 · Net assets without donor restrictions

    beginning of year $3,485,841 · end of year $2,787,936

  • 28 · Net assets with donor restrictions

    beginning of year $504,847 · end of year $436,773

Mission and programs · 2022

Mission

THE FOUNDATION WAS ORGANIZED AS A SUPPORTING ORGANIZATION FOR USA VOLLEYBALL AND ITS 40 REGIONAL VOLLEYBALL ASSOCIATIONS. THE FOUNDATION STRIVES TO FOSTER AND SUPPORT THE DEVELOPMENT AND PROMOTION OF THE SPORT OF VOLLEYBALL IN THE UNITED STATES FOR ALL AGES. THE FOUNDATION MANAGES ASSETS, PROMOTES A GENERAL INTEREST IN THE SPORT AND ENGAGES IN ANY OTHER EXEMPT ACTIVITY WHICH BENEFITS OR CARRIES OUT THE FUNCTIONS AND PURPOSES OF THE SUPPORTED ORGANIZATION.

Activities or mission (Part I)

TO PROMOTE AND DEVELOP THE SPORT OF VOLLEYBALL AND SUPPORT USA VOLLEYBALL AND ITS 40 REGIONAL ORGANIZATIONS.

  • SUPPORT FOR USA VOLLEYBALL PROGRAMS INCLUDING SAFESPORT INITIATIVES, SITTING A2 PROGRAMS, BOY'S SPORT DEVELOPMENT GRANTS AND WOMEN'S & MENS NATIONAL TEAMS (BEACH, INDOOR AMD SITTING).

    Expenses $179,642 · Grants $179,642

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andy Reitinger

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Scott Fortune

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Stewart McDole

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Brook Billings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Todd Rogers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Peterson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Peter Hirschmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Izell Reese

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Felonta Evans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kimberly McHugh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Danielle Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cecile Reynaud

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Edward Keller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Megan Sweeney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Stacie Kearns

    MANAGING DIRECTOR

    Total calculated
    $187,817
    From this org
    $0
    From related orgs
    $155,492
    Other
    $32,325
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $144,392 related
    Bonus
    $0 + $3,900 related
    Other
    $0 + $7,200 related
    Deferred
    $0 + $11,551 related
    Nontaxable benefits
    $0 + $20,774 related
    Filer's total
    $0 + $187,817 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
USA VOLLEYBALL MAY PAY EMPLOYEES DISCRETIONARY BONUSES BASED UPON A VARIETY OF CRITERIA, INCLUDING SUBJECTIVE CRITERIA OF PERFORMANCE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • USA VOLLEYBALL

    $179,642

    TO PROVIDE SUPPORT FOR VARIOUS PROGRAMS TO DEVELOP THE SPORT OF VOLLEYBALL.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • USA VOLLEYBALL

    501(C)(3) · NATIONAL GOVERNING BODY FOR THE OLYMPIC SPORT OF VOLLEYBALL · CO

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202313189349305396

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