Overview
What is Triangle Volleyball Club Inc?
Triangle Volleyball Club Inc, located in Morrisville, North Carolina, is a seasonal nonprofit organization dedicated to the education and promotion of individuals through excellence in volleyball. With a team of 115 employees, they offer intensive training camps catering to both beginner and elite athletes. Their primary goal is to help athletes hone their skills with the aim of making their middle and high school teams. Throughout the year, approximately 700 campers benefit from these programs. The Triangle Volleyball Club Inc is committed to fostering personal growth beyond the sport, thereby promoting the holistic development of each participant.
Official website here: www.trianglevolleyball.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
Triangle Volleyball Club Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in terms of accountability and finance. The organization boasts a high program expense ratio of 94.74%, indicating that a significant portion of its funding is directed toward its programs rather than administrative costs. Additionally, it maintains a high level of transparency, with all board meeting minutes documented and easily accessible.
The club has a fully independent board, with 77% of its members being independent, which contributes positively to its governance and decision-making processes. Other strengths include the absence of material diversion of assets, no loans to or from officers, and a favorable liabilities to assets ratio of 26.09%. These factors showcase a well-managed organization with a commitment to ethical practices.
However, a potential area of concern is the working capital ratio, which stands at 0.37 years. This suggests that the organization may face challenges in maintaining liquidity for long-term sustainability. While the overall financial health appears strong, this aspect may require attention to ensure the club can continue to operate effectively in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Triangle Volleyball Club Inc legitimate?
Triangle Volleyball Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Triangle Volleyball Club Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $124,386
Professional Fundraising Fees: $0
Other Salaries and Wages: $690,140
For more financial information, click here
Official website here: www.trianglevolleyball.org
What is the mission statement of Triangle Volleyball Club Inc?
The Triangle Volleyball Club Inc is dedicated to fostering personal growth and development through exceptional volleyball training. Their mission is to educate and promote individuals, encompassing both beginners and elite athletes, by providing top-notch volleyball programs. The club organizes seasonal camps aimed at honing skills and preparing athletes for their middle and high school teams. Throughout the year, approximately 700 campers participate in these training sessions.
Official website here: www.trianglevolleyball.org
Who is the CEO of Triangle Volleyball Club Inc?
Sherry Fadool is the Chairman of Triangle Volleyball Club Inc.
Official website here: www.trianglevolleyball.org
What is the revenue of Triangle Volleyball Club Inc?
Triangle Volleyball Club Inc's revenue in 2022 was $2,498,616.
Official website here: www.trianglevolleyball.org
Who are the executives of Triangle Volleyball Club Inc and what are their salaries?
The average compensation at Triangle Volleyball Club Inc during 2022 was $7,083. There are 115 employees and 80 volunteers at Triangle Volleyball Club Inc.
Here are 9 key members and their salaries:
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- Compensation: $20,990
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- Other: $1,940
- Compensation: $101,587
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Official website here: www.trianglevolleyball.org
Where can I find the form 990 for Triangle Volleyball Club Inc?
Triangle Volleyball Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.trianglevolleyball.org
Learn more at the official website: www.trianglevolleyball.org
Mission Statement of Triangle Volleyball Club Inc
Triangle Volleyball Club Inc, a renowned organization, is dedicated to the holistic development and promotion of individuals through excellence in volleyball. Their mission is to educate and nurture individuals beyond just the sport, focusing on the overall growth and improvement of each athlete. This is achieved through their seasonal camps, which cater to both beginners and elite athletes. The aim is to enhance their volleyball skills with the ultimate goal of contributing to their middle and high school teams. Throughout the year, approximately 700 campers benefit from this comprehensive training program.
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Impact
July, 2024
Triangle Volleyball Club Inc's impact lies in providing comprehensive training programs that cater to athletes of all levels, from beginners to elite players. By focusing on skill development, the club helps aspiring athletes enhance their abilities with the aim of securing spots on their middle and high school teams. With approximately 700 campers benefiting from their programs each year, the club is actively nurturing and grooming the next generation of volleyball players in Morrisville, NC. Through their dedication to excellence in volleyball, Triangle Volleyball Club Inc is not only shaping athletes but also fostering personal growth and development in individuals who seek to excel in the sport.
This information is meant to be a general summary of Triangle Volleyball Club Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $104
- Program Service Revenue: $1,076,288
- Gross Receipts: $2,532,250
Assets and Liabilities:
- Total Assets: $1,316,754
- Total Liabilities: $295,322
- Net Assets: $1,021,432
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CAMPS
Revenue
$482,657
TOURNAMENTS
Revenue
$472,875
LESSONS
Revenue
$48,479
TRYOUT FEES
Revenue
$44,250
YOUTH VOLLEYBALL PROGR
Revenue
$28,027
Organization Details
Founding Year
2002
Phone
(919) 462-8196Principal Officer
Sherry Fadool
Main Address
121 COMPETITION CENTER DR, MORRISVILLE, NC, 27560
Website
www.trianglevolleyball.orgNTEE Category
Code: N60 - Recreation
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