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Nonprofiteer
← GREAT VALLEY COMMUNITY ORGANIZATION

Form 990 for tax year 2022

Filed by GREAT VALLEY COMMUNITY ORGANIZATION.

Totals

Total revenue
$1,064,156
Total expenses
$459,489
Contributions and grants received
$730,242
Grants paid
$0
Program service revenue
$299,066
Investment income
$20
Other revenue
$34,828
Total assets, end of year
$4,880,962
Total liabilities, end of year
$2,892,324
Net assets or fund balances, end of year
$1,988,638
Program services expenses (Part IX)
$256,019
Management and general expenses
$173,664
Fundraising expenses
$29,806
Program service expenses (Part III)
$256,019

Program services were 55.7% 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.

  • 1c · Fundraising events

    $730,242

  • 2a · Program service revenue: PROGRAM AND REGISTRATI

    total $299,066 · related or exempt $299,066

  • 3 · Investment income

    total $20 · unrelated business $20

  • 8a · Fundraising events: gross income

    $34,828

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $34,828 · excluded $34,828

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $34,000 · management and general $34,000

  • 7 · Other salaries and wages

    total $11,971 · management and general $11,971

  • 9 · Other employee benefits

    total $3,844 · management and general $3,844

  • 10 · Payroll taxes

    total $4,014 · management and general $4,014

  • 11a · Fees: management

    total $52,298 · management and general $52,298

  • 11c · Fees: accounting

    total $3,305 · management and general $3,305

  • 12 · Advertising and promotion

    total $9,564 · management and general $9,564

  • 13 · Office expenses

    total $20,612 · management and general $20,612

  • 14 · Information technology

    total $5,032 · management and general $5,032

  • 16 · Occupancy

    total $12,190 · management and general $12,190

  • 22 · Depreciation, depletion and amortization

    total $3,223 · management and general $3,223

  • 23 · Insurance

    total $13,611 · management and general $13,611

  • 24a · Other expenses: LEAGUE COSTS

    total $244,386 · program services $244,386

  • 24b · Other expenses: CAMPAIGN MANAGEMENT

    total $29,806 · fundraising $29,806

  • 24c · Other expenses: WEBSITE FEES

    total $11,633 · program services $11,633

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $160,478 · end of year $559,440

  • 4 · Accounts receivable

    end of year $1,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,898 · end of year $5,693

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

    $1,045,124

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

    $39,207

  • 10c · Land, buildings and equipment, net

    beginning of year $1,002,140 · end of year $1,005,917

  • 15 · Other assets

    beginning of year $252,102 · end of year $3,308,412

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,595 · end of year $1,035,367

  • 19 · Deferred revenue

    beginning of year $46,052 · end of year $63,805

  • 24 · Unsecured notes and loans payable

    end of year $1,793,152

  • 27 · Net assets without donor restrictions

    beginning of year $1,330,719 · end of year $1,387,866

  • 28 · Net assets with donor restrictions

    beginning of year $53,252 · end of year $600,772

Mission and programs · 2022

Mission

THE GREAT VALLEY COMMUNITY ORGANIZATION HELPS BUILD A STRONG, VIBRANT, AND CONNECTED COMMUNITY BY PROVIDING FACILITIES, ACTIVITIES AND PROGRAMS ENRICHING THE LIVES OF ALL RESIDENTS. THE VISION OF GREAT VALLEY COMMUNITY ORGANIZATION IS TO EVOLVE GVCO FROM ONE OF THE AREA'S PREMIER SPORTS/RECREATIONAL PROGRAMS TO A WORLD-CLASS COMMUNITY RESOURCE THAT DELIVERS A BROAD RANGE OF SPORTS, EDUCATIONAL, ARTS, RECREATIONAL AND SENIOR PROGRAMS THAT ADDRESS KEY COMMUNITY NEEDS.

Activities or mission (Part I)

THE GREAT VALLEY COMMUNITY ORGANIZATION HELPS BUILD A STRONG, VIBRANT, AND CONNECTED COMMUNITY BY PROVIDING FACILITIES, ACTIVITIES AND PROGRAMS ENRICHING THE LIVES OF ALL RESIDENTS.

  • GVCO WAS FORMED 20 PLUS YEARS AGO AS A SMALL BASKETBALL LEAGUE FOR 60 CHILDREN. TODAY WE HAVE OVER 5,500 FAMILIES PARTICIPATING IN OUR PROGRAMMING. THE GREAT VALLEY COMMUNITY ORGANIZATION IS A VOLUNTEER DRIVEN ORGANIZATION HELPING TO BUILD A STRONG, VIBRANT AND CONNECTED COMMUNITY THROUGH YOUTH BASKETBALL, FOOTBALL, CHEERLEADING, AND CREW, AS WELL AS PICKLE BALL, DANCE CLASSES, SUMMER CAMPS/CLINICS, SPECIAL NEEDS SPORTS PROGRAMS, ARTS PROGRAMS, EDUCATION AND TUTORING PROGRAMS, STUDENT COMMUNITY OUTREACH, AND COMMUNITY PARTNERSHIPS WITH SPCA, HOME OF THE SPARROW, AND CRADLES TO CRAYONS.

    Expenses $256,019 · Revenue $299,066

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

Listed in Part VII

  • THOMAS CURRAN

    CHAIRMAN/SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • ROBERT COTTONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • DENNIS ZATLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • DREW ALLEVA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • HARRY DIDONATO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • BUD HALY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • KEITH WALSH

    EXECUTIVE DIRECTOR

    Total calculated
    $34,000
    From this org
    $34,000
    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.

Provenance

Return type
form_990
Tax year
2022
Filed
5 August 2024
IRS schema version
2022v5.0
Source object
202442199349301019

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