Form 990 for tax year 2024
Filed by ADDISON COMMUNITY ATHLETICS FOUNDATION INC.
Totals
- Total revenue
- $533,648
- Total expenses
- $513,903
- Contributions and grants received
- $261,201
- Grants paid
- $24,715
- Program service revenue
- $244,949
- Investment income
- $27,498
- Other revenue
- $0
- Total assets, end of year
- $1,831,842
- Total liabilities, end of year
- $4,082
- Net assets or fund balances, end of year
- $1,827,760
- Program services expenses (Part IX)
- $232,850
- Management and general expenses
- $281,053
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $232,850
Program services were 45.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
ANNA GRADY
SECRETARY
- Total calculated
- $180,680
- From this org
- $0
- From related orgs
- $155,999
- Other
- $24,681
- Hours/week
- 2 + 48 related
Schedule J breakdown matched by us
- Base
- $0 + $151,499 related
- Bonus
- $0 + $4,500 related
- Other
- $0
- Deferred
- $0 + $6,407 related
- Nontaxable benefits
- $0 + $18,274 related
- Filer's total
- $0 + $180,680 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
-
DAVID HAMILTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
BRIAN MCDONOUGH
GENERAL MANAGER
- Total calculated
- $62,516
- From this org
- $62,516
- From related orgs
- $0
- Other
- $0
- Hours/week
- 24
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
None.
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
-
$7,000
TO SUPPORT CORNWALL OUTDOOR RECREATION AREA
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.
-
501(C)(3) · SUPPORTED ORGANIZATION · VT
-
J WARREN AND LOIS MCCLURE FOUNDATION INC
501(C)(3) · SUPPORTS THE VERMONT COMMUNITY FOUNDATION · VT
Directly controlled by VERMONT COMMUNITY FOUNDATION
-
501(C)(3) · SUPPORTS THE VERMONT COMMUNITY FOUNDATION · VT
Directly controlled by VERMONT COMMUNITY FOUNDATION
-
501(C)(3) · SUPPORTS THE VERMONT COMMUNITY FOUNDATION · VT
Directly controlled by VERMONT COMMUNITY FOUNDATION
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.
-
LEASES AN INDOOR TENNIS FACILITY TO ADDISON COMMUNITY ATHLETICS FOUNDATION · VT · income $228,780 · assets $883,823
Directly controlled by ADDISON COMMUNITY ATHLETICS FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523169349307162
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