Totals
- Total revenue
- $6,674,990
- Total expenses
- $221,837
- Contributions and grants received
- $6,620,240
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $54,750
- Total assets, end of year
- $25,267,458
- Total liabilities, end of year
- $5,855,629
- Net assets or fund balances, end of year
- $19,411,829
- Program services expenses (Part IX)
- $181,388
- Management and general expenses
- $40,449
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $181,388
Program services were 81.8% 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.
-
1d · Related organizations
$6,620,240
-
1g · Noncash contributions included above
$6,605,690
-
6a · Gross rents
real property $54,750
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $54,750
-
6d · Net rental income or loss
total $54,750 · related or exempt $54,750
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $7,500 · management and general $7,500
-
11c · Fees: accounting
total $18,399 · management and general $18,399
-
20 · Interest
total $14,550 · management and general $14,550
-
22 · Depreciation, depletion and amortization
total $181,388 · program services $181,388
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $240,332 · end of year $219,635
-
9 · Prepaid expenses and deferred charges
end of year $14,550
-
10a · Land, buildings and equipment: cost or other basis
$25,214,661
-
10b · Land, buildings and equipment: accumulated depreciation
$181,388
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $25,033,273
-
15 · Other assets
beginning of year $18,539,761 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $1,417 · end of year $0
-
19 · Deferred revenue
end of year $18,250
-
23 · Secured mortgages and notes payable
beginning of year $5,820,000 · end of year $5,820,000
-
25 · Other liabilities
beginning of year $0 · end of year $17,379
-
27 · Net assets without donor restrictions
beginning of year $12,958,676 · end of year $19,411,829
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2024
Mission
V3 FOUNDATION SERVES AS A SUPPORTING ORGANIZATION FOR THE BENEFIT OF V3 SPORTS, INC.
-
THE V3 FOUNDATION HELPED V3 SPORTS GENERATE CONSTRUCTION FUNDING THROUGH THE NEW MARKET TAX CREDIT PROGRAM.
Expenses $181,388 · Revenue $54,750
As filed on the 2024 return.
Listed in Part VII
-
Malik RuckerMALIK RUCKER
SECRETARY
- Total calculated
- $156,392
- From this org
- $0
- From related orgs
- $149,247
- Other
- $7,145
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $149,247 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $1,617 related
- Nontaxable benefits
- $0 + $5,528 related
- Filer's total
- $0 + $156,392 related
-
Jacquie StrebeJACQUIE STREBE
TREASURER
- Total calculated
- $119,284
- From this org
- $0
- From related orgs
- $95,707
- Other
- $23,577
- Hours/week
- 2 + 40 related
-
Kyle WaltonKYLE WALTON
PRESIDENT/ EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bianca DawkinsBIANCA DAWKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pj HillPJ HILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
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.
-
501(C)(3) · HEALTH AND WELLNESS · MN
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543189349313004
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