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Nonprofiteer
← ADDISON COMMUNITY ATHLETICS FOUNDATION INC

Form 990 for tax year 2022

Filed by ADDISON COMMUNITY ATHLETICS FOUNDATION INC.

Totals

Total revenue
$465,438
Total expenses
$432,368
Contributions and grants received
$261,857
Grants paid
$8,667
Program service revenue
$184,216
Investment income
$15,315
Other revenue
$4,050
Total assets, end of year
$1,611,492
Total liabilities, end of year
$11,049
Net assets or fund balances, end of year
$1,600,443
Program services expenses (Part IX)
$157,519
Management and general expenses
$274,849
Fundraising expenses
$0
Program service expenses (Part III)
$157,519

Program services were 36.4% 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.

  • 1d · Related organizations

    $259,202

  • 1f · All other contributions, gifts and grants

    $2,655

  • 2a · Program service revenue: MEMBERSHIPS

    total $75,935 · related or exempt $75,935

  • 2b · Program service revenue: TEACHING/ TENNIS LESSO

    total $55,924 · related or exempt $55,924

  • 2c · Program service revenue: COURT FEES

    total $37,402 · related or exempt $37,402

  • 2d · Program service revenue: FACILITY OPERATION

    total $14,955 · related or exempt $14,955

  • 3 · Investment income

    total $36,240 · excluded $36,240

  • 6a · Gross rents

    real property $4,050

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $4,050

  • 6d · Net rental income or loss

    total $4,050 · excluded $4,050

  • 7a · Gross sales of assets other than inventory

    securities $253,295

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

    securities $274,220

  • 7c · Gain or loss

    securities -$20,925

  • 7d · Net gain or loss

    total -$20,925 · excluded -$20,925

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $8,667 · program services $8,667

  • 5 · Compensation of officers, directors and key employees

    total $42,188 · program services $42,188

  • 7 · Other salaries and wages

    total $160,331 · program services $47,927 · management and general $112,404

  • 10 · Payroll taxes

    total $20,965 · program services $9,276 · management and general $11,689

  • 11a · Fees: management

    total $30,000 · management and general $30,000

  • 11b · Fees: legal

    total $6,857 · management and general $6,857

  • 11f · Fees: investment management

    total $4,255 · management and general $4,255

  • 11g · Fees: other

    total $10,895 · program services $2,470 · management and general $8,425

  • 12 · Advertising and promotion

    total $2,332 · program services $100 · management and general $2,232

  • 13 · Office expenses

    total $6,452 · program services $1,659 · management and general $4,793

  • 14 · Information technology

    total $7,226 · program services $2,818 · management and general $4,408

  • 16 · Occupancy

    total $78,587 · program services $30,649 · management and general $47,938

  • 19 · Conferences, conventions and meetings

    total $127 · program services $127

  • 22 · Depreciation, depletion and amortization

    total $29,748 · program services $11,602 · management and general $18,146

  • 23 · Insurance

    total $6,285 · management and general $6,285

  • 24a · Other expenses: TENNIS SUPPLIES

    total $14,600 · management and general $14,600

  • 24b · Other expenses: DUES

    total $518 · management and general $518

  • 24e · All other expenses

    total $2,335 · program services $36 · management and general $2,299

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $62,323 · end of year $126,078

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,776 · end of year $7,381

  • 10a · Land, buildings and equipment: cost or other basis

    $975,255

  • 10b · Land, buildings and equipment: accumulated depreciation

    $175,987

  • 10c · Land, buildings and equipment, net

    beginning of year $741,516 · end of year $799,268

  • 11 · Investments: publicly traded securities

    beginning of year $780,132 · end of year $586,387

  • 12 · Investments: other securities

    beginning of year $147,632 · end of year $92,378

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,948 · end of year $11,049

  • 27 · Net assets without donor restrictions

    beginning of year $1,727,431 · end of year $1,600,443

Mission and programs · 2022

Mission

TO PROMOTE ATHLETICS AND HEALTHFUL BEHAVIORS THROUGHOUT THE GREATER ADDISON COUNTY REGION OF VERMONT BY SUPPORTING TENNIS AND OTHER HEALTH EDUCATION PROGRAMS FOR YOUTH AND ADULTS.

  • THE FOUNDATION DEVELOPS AND SUPPORTS PROGRAMS THAT ENGAGE COMMUNITIES IN THE GREATER ADDISON COUNTRY REGION BY OFFERING TENNIS AND OTHER ATHLETIC ACTIVITIES AT THE FOUNDATION'S INDOOR TENNIS FACILITY, AT LOCAL SCHOOLS, AND COMMUNITY COURTS. THROUGH THESE PROGRAMS, THE FOUNDATION SEEKS TO PROMOTE THE HEALTH AND WELL-BEING OF CHILDREN AND ADULTS IN THE GREATER ADDISON COUNTRY REGION OF VERMONT. IN 2022, THE FOUNDATION AWARDED 6 STUDENTS ACCESS TO THESE PROGRAMS BY PROVIDING $5,948 IN SCHOLARSHIP AID AS WELL AS $2,719 OF COMPLIMENTARY SERVICES TO LOCAL SCHOOLS AND PROGRAMS.

    Expenses $157,519 · Grants $8,667 · Revenue $184,216

As filed on the 2022 return.

Listed in Part VII

  • Debra Dabrowski

    SECRETARY THROUGH 2/8/22

    Total calculated
    $30,590
    From this org
    $0
    From related orgs
    $23,409
    Other
    $7,181
    Hours/week
    5 + 45 related

  • David W Ignat

    PRESIDENT

    Total calculated
    $0
    Hours/week
    25

  • Eleanor P Ignat

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • Thomas Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Kate Neubauer

    SECRETARY

    Total calculated
    $93,120
    From this org
    $0
    From related orgs
    $69,334
    Other
    $23,786
    Hours/week
    2 + 40 related

  • Brian McDonough

    GENERAL MANAGER

    Total calculated
    $42,188
    From this org
    $42,188
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MIDDLEBURY INDOOR TENNIS LLC

    LEASES AN INDOOR TENNIS FACILITY TO ADDISON COMMUNITY ATHLETICS FOUNDATION · VT · income $179,600 · assets $787,883

    Directly controlled by ADDISON COMMUNITY ATHLETICS FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202313189349316346

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