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← FIRST POINT VOLLEYBALL FOUNDATION

Form 990 for tax year 2023

Filed by FIRST POINT VOLLEYBALL FOUNDATION.

Totals

Total revenue
$979,282
Total expenses
$693,577
Contributions and grants received
$979,630
Grants paid
$342,891
Program service revenue
$0
Investment income
-$348
Other revenue
$0
Total assets, end of year
$360,334
Total liabilities, end of year
$316,666
Net assets or fund balances, end of year
$43,668
Program services expenses (Part IX)
$449,545
Management and general expenses
$102,966
Fundraising expenses
$141,066
Program service expenses (Part III)
$449,545

Program services were 64.8% 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

    $979,630

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $0

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

    securities $348

  • 7c · Gain or loss

    securities -$348 · other assets $0

  • 7d · Net gain or loss

    total -$348 · excluded -$348

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $342,891 · program services $342,891

  • 5 · Compensation of officers, directors and key employees

    total $95,117 · program services $28,535 · management and general $19,023 · fundraising $47,559

  • 6 · Compensation of disqualified persons

    total $45,000 · program services $13,500 · management and general $9,000 · fundraising $22,500

  • 10 · Payroll taxes

    total $8,990 · program services $2,697 · management and general $1,798 · fundraising $4,495

  • 11c · Fees: accounting

    total $44,050 · management and general $44,050

  • 11g · Fees: other

    total $24,372 · program services $0 · management and general $21,025 · fundraising $3,347

  • 12 · Advertising and promotion

    total $29,262 · program services $11,417 · management and general $2,706 · fundraising $15,139

  • 13 · Office expenses

    total $22,845 · program services $14,418 · management and general $909 · fundraising $7,518

  • 16 · Occupancy

    total $8,175 · management and general $4,430 · fundraising $3,745

  • 17 · Travel

    total $72,384 · program services $36,087 · fundraising $36,297

  • 24a · Other expenses: Dues and Subscriptions

    total $466 · fundraising $466

  • 24b · Other expenses: Taxes and Licenses

    total $25 · management and general $25

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $22,977 · end of year $194,325

  • 3 · Pledges and grants receivable

    beginning of year $194,607 · end of year $109,276

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,050 · end of year $56,733

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,487 · end of year $46,655

  • 18 · Grants payable

    beginning of year $505,120 · end of year $270,011

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$80,069 · end of year -$14,858

  • 28 · Net assets with donor restrictions

    beginning of year -$234,904 · end of year $58,526

Mission and programs · 2023

Mission

VOLLEYBALL PEOPLE TEND TO BE GOOD PEOPLE. COMPETITIVE VOLLEYBALL PLAYERS SEEM TO DEVELOP INTO PRODUCTIVE CITIZENS, LEADERS AND MENTORS. AND THE UNITED STATES OF AMERICA NEEDS MORE LEADERS AND MORE MENTORS. THE OVERARCHING GOAL OF FIRST POINT VOLLEYBALL FOUNDATION IS TO CREATE MORE OPPORTUNITIES FOR BOYS AND MEN TO PLAY COMPETITIVE VOLLEYBALL. ONE OF THE KEY AREAS OF THE INITIATIVE IS TO EXPAND OPPORTUNITIES FOR MEN TO PLAY ON COLLEGIATE TEAMS AND TO EXPAND THE AMOUNT OF DI AND DII TEAMS AND DI AND DII SCHOLARSHIP OPPORTUNITIES. ULTIMATELY, NOTHING IS MORE IMPORTANT THAN NURTURING THE SPIRIT AND VALUES OF THE YOUNG PEOPLE OF THIS COUNTRY. THANK YOU FOR HELPING US DO THIS ON AND NEAR THE VOLLEYBALL COURT!

Activities or mission (Part I)

To create more educational opportunities for boys and men to play competitive volleyball.

  • Grow the game and sustaining grant program provides grant funding to colleges and universities to support the start of new men's volleyball programs at the NCAA, NAIA, and the junior college levels. Funds can be used for educational expenses that support the institution's support of intercollegiate expenses including scholarships, etc.

    Expenses $449,545 · Grants $342,891

As filed on the 2023 return.

Listed in Part VII

  • Bruce Lincoln

    Treasurer

    Total calculated
    $0
    Hours/week
    8

  • John Speraw

    Chairman of the Board

    Total calculated
    $0
    Hours/week
    4

  • Stephen Wade Garard

    President & CEO

    Total calculated
    $95,117
    From this org
    $95,117
    From related orgs
    $0
    Other
    $0
    Hours/week
    60

  • Bill Andrew

    Director

    Total calculated
    $0
    Hours/week
    2

  • Brian Firring

    Director (Beg. 1/1 and End 12/31)

    Total calculated
    $0
    Hours/week
    2

  • Casteel Mitchell

    Director

    Total calculated
    $0
    Hours/week
    2

  • Colleen Craig

    Director

    Total calculated
    $0
    Hours/week
    2

  • David Vaccaro

    Director (Beg. 1/1)

    Total calculated
    $0
    Hours/week
    2

  • Don Brewster

    Director (Beg. 6/1)

    Total calculated
    $0
    Hours/week
    2

  • Doug Beal

    Director

    Total calculated
    $0
    Hours/week
    2

  • Doug Thompson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Glen Lietzke

    Director

    Total calculated
    $0
    Hours/week
    2

  • Gordan Redzic

    Director

    Total calculated
    $0
    Hours/week
    2

  • Greg Moore

    Director (End 11/30)

    Total calculated
    $0
    Hours/week
    2

  • Jenn Palilonis

    Director

    Total calculated
    $0
    Hours/week
    2

  • Kathy Deboer

    DIRECTOR (BEG. 6/1)

    Total calculated
    $0
    Hours/week
    2

  • Kelly Goodsel

    Director

    Total calculated
    $0
    Hours/week
    2

  • Kenneth Bethune

    Director (Beg. 6/1)

    Total calculated
    $0
    Hours/week
    2

  • Kenny Rogers

    Director

    Total calculated
    $0
    Hours/week
    2

  • Marin Gjaja

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mark Fishman

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mick Haley

    Director

    Total calculated
    $0
    Hours/week
    2

  • Paul Tashima

    Director

    Total calculated
    $0
    Hours/week
    2

  • Scott Stowell

    Director

    Total calculated
    $0
    Hours/week
    2

  • Trevor Hale

    Director (Beg. 1/1)

    Total calculated
    $0
    Hours/week
    2

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

  • University of Maryland Eastern Shore

    $150,000

    Scholarships

  • Farleigh Dickinson

    $100,000

    Morgan McKinzie Endowment Fund

  • NJCAA

    $62,500

    Scholarships

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443199349305569

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