Overview
What is Virginia Basketball Academy Foundation Fka Bd Basketball Scholarship Foundation?
The Virginia Basketball Academy Foundation, formerly known as Bd Basketball Scholarship Foundation, is a nonprofit organization situated in Charlottesville, Virginia. Their primary mission is to foster character development and shape lives through the game of basketball. They offer a comprehensive off-season training program for both boys and girls of various age groups, which includes camps, mini-camps, clinics, weekly courses, and private/group instruction. The foundation's reach extends beyond Charlottesville, serving children from surrounding counties such as Albemarle, Greene, Fluvanna, and Louisa. Throughout the year, approximately 2,125 children participate in their basketball leagues and 7-week summer camp program. The foundation employs a team of 27 individuals to carry out its mission.
Official website here: www.playvaba.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (73%)
The Virginia Basketball Academy Foundation, formerly known as the Bd Basketball Scholarship Foundation, has received a rating of "Needs Improvement" from Charity Navigator, indicating areas that require attention. With an overall score of 73%, the organization excels in having a fully independent board and a strong program expense ratio of 88.83%, suggesting that the majority of its funds are directed towards its mission and programs rather than administrative costs.
However, the foundation faces significant challenges in its accountability and financial transparency. Notably, it has not provided financial statements, which has severely impacted its score in that criterion. Additionally, the absence of a whistleblower policy and a document retention policy raises concerns about governance practices. While it has established some positive policies, the lack of critical documentation could affect trust among stakeholders.
In summary, while the foundation demonstrates strong commitment in certain areas, particularly in program expenses and board independence, it must address its shortcomings in financial disclosure and governance policies to improve its standing and transparency for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Basketball Academy Foundation Fka Bd Basketball Scholarship Foundation legitimate?
Virginia Basketball Academy Foundation Fka Bd Basketball Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Basketball Academy Foundation Fka Bd Basketball Scholarship Foundation 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: $135,251
Professional Fundraising Fees: $0
Other Salaries and Wages: $161,780
For more financial information, click here
Official website here: www.playvaba.org
What is the mission statement of Virginia Basketball Academy Foundation Fka Bd Basketball Scholarship Foundation?
The Virginia Basketball Academy Foundation, formerly known as Bd Basketball Scholarship Foundation, has a mission to shape and build character in individuals through the medium of basketball. They accomplish this by providing a comprehensive off-season basketball training program, encompassing various learning opportunities such as camps, clinics, and private instruction. This program caters to both boys and girls of all ages, attracting participants from various surrounding counties. Throughout the year, approximately 2,125 children engage in the foundation's basketball leagues and summer camp program, emphasizing personal development both on and off the court.
Official website here: www.playvaba.org
Who is the CEO of Virginia Basketball Academy Foundation Fka Bd Basketball Scholarship Foundation?
Mr Chris Brubaker is the Treasurer of Virginia Basketball Academy Foundation Fka Bd Basketball Scholarship Foundation.
Official website here: www.playvaba.org
What is the revenue of Virginia Basketball Academy Foundation Fka Bd Basketball Scholarship Foundation?
Virginia Basketball Academy Foundation Fka Bd Basketball Scholarship Foundation's revenue in 2022 was $500,108.
Official website here: www.playvaba.org
Who are the executives of Virginia Basketball Academy Foundation Fka Bd Basketball Scholarship Foundation and what are their salaries?
The average compensation at Virginia Basketball Academy Foundation Fka Bd Basketball Scholarship Foundation during 2022 was $11,001. There are 27 employees and 405 volunteers at Virginia Basketball Academy Foundation Fka Bd Basketball Scholarship Foundation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $134,000
- Related: $0
- Other: $0
Official website here: www.playvaba.org
Where can I find the form 990 for Virginia Basketball Academy Foundation Fka Bd Basketball Scholarship Foundation?
Virginia Basketball Academy Foundation Fka Bd Basketball Scholarship Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.playvaba.org
Learn more at the official website: www.playvaba.org
Mission Statement of Virginia Basketball Academy Foundation Fka Bd Basketball Scholarship Foundation
The Virginia Basketball Academy Foundation, formerly known as Bd Basketball Scholarship Foundation, is dedicated to constructing character and shaping lives through the medium of basketball. This nonprofit organization offers a comprehensive off-season basketball training program, encompassing various learning opportunities for both boys and girls of all ages. Their unique program includes camps, mini-camps, clinics, weekly courses, and private or group instruction. Participants in these programs hail from Charlottesville and surrounding counties such as Albemarle, Greene, Fluvanna, and Louisa. During the year, approximately 2,125 children engage in the foundation's basketball leagues and 7-week summer camp program.
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Impact
July, 2024
Virginia Basketball Academy Foundation, formerly known as BD Basketball Scholarship Foundation, is making a significant impact in Charlottesville, VA, and the surrounding areas by providing a comprehensive off-season basketball training program for boys and girls of all ages. Through camps, mini-camps, clinics, weekly courses, and private/group instruction, the foundation is not only enhancing basketball skills but also building character and shaping lives through the game of basketball. Approximately 2,125 children participate in the foundation's basketball leagues and 7-week summer camp program each year, making a positive impact on the youth in the community.
This information is meant to be a general summary of Virginia Basketball Academy Foundation Fka Bd Basketball Scholarship Foundation. 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.
- Program Service Revenue: $465,047
- Gross Receipts: $500,108
Assets and Liabilities:
- Total Assets: $145,475
- Total Liabilities: $0
- Net Assets: $145,475
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEAGUE AND CAMP FEES
Revenue
$460,105
CONCESSIONS
Revenue
$3,875
FUNDRAISING ACTIVITIES
Revenue
$1,067
Organization Details
Founding Year
2007
Phone
(434) 242-7729Principal Officer
Mr Chris Brubaker
Main Address
PO BOX 2438, CHARLOTTESVILLE, VA, 229022438
Website
www.playvaba.orgNTEE Category
Code: N62 - Recreation
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