Us Parachute Team Trust Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 541449314 ✦ Fredricksburg, VA ✦ Designated as a 501(c)(3)

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Overview

What is Us Parachute Team Trust Fund?

The Us Parachute Team Trust Fund is a charitable organization, specifically based in Fredricksburg, Virginia. Its primary mission is to support the U.S. Parachute Team, helping to cover the expenses associated with participating in amateur parachuting competitions worldwide. This trust fund is instrumental in defraying the financial burdens of the team, enabling them to participate in these competitions efficiently.


Official website here: www.usparachuteteam.org

Is Us Parachute Team Trust Fund legitimate?

Us Parachute Team Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Us Parachute Team Trust Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.usparachuteteam.org

What is the mission statement of Us Parachute Team Trust Fund?

The Us Parachute Team Trust Fund's mission is to assist in covering the expenses of the U.S. Parachute Team Inc., a nonprofit organization, as they participate in amateur parachuting competitions. Annually, funds are made available to support the team's preparation and participation in these competitions. The fund's purpose is to aid in the financial aspect of the team's competitive activities.


Official website here: www.usparachuteteam.org

Who is the CEO of Us Parachute Team Trust Fund?

Albert Berchtold is the Executive Director of Us Parachute Team Trust Fund.


Official website here: www.usparachuteteam.org

What is the revenue of Us Parachute Team Trust Fund?

Us Parachute Team Trust Fund's revenue in 2022 was $360,383.


Official website here: www.usparachuteteam.org

Who are the executives of Us Parachute Team Trust Fund and what are their salaries?

There 22 volunteers at Us Parachute Team Trust Fund.


Here are 23 key members and their salaries:


Albert Berchtold (Executive Director)
  • Compensation: $0
  • Related: $190,089
  • Other: $38,571
Chuck Akers (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sherry Butcher (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Lallo (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Pyland Iv (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luke Aikins (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Allison (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeannie Bartholomew (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Crinklaw (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shauna Finley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Gholson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joshua Hall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Hill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan King (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Lowe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Mcgowan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Mullins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Naiman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brandon Radcliff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Rees (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Scott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Wadkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Wagner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.usparachuteteam.org

Where can I find the form 990 for Us Parachute Team Trust Fund?

Us Parachute Team Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.usparachuteteam.org

Learn more at the official website: www.usparachuteteam.org

Mission Statement of Us Parachute Team Trust Fund

The Us Parachute Team Trust Fund is a organization with a mission to aid the U.S. Parachute Team, Inc., a nonprofit corporation, in covering the costs associated with sending teams to amateur parachuting competitions. The fund's primary objective is to provide financial assistance to this team annually, enabling them to participate in these competitions. By offering these funds, the Us Parachute Team Trust Fund contributes to the team's ability to compete at an amateur level, potentially showcasing their skills and promoting the sport of parachuting.

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Impact




October, 2024

The Us Parachute Team Trust Fund plays a crucial role in promoting amateur parachuting by alleviating financial burdens associated with competition participation. Its primary impact lies in ensuring that the U.S. Parachute Team can effectively compete in world championship events. By providing essential funding for entry fees and related expenses, the Trust Fund enables athletes to focus on their performance without the distraction of financial constraints. This support not only fosters talent development within the sport but also enhances the visibility and competitiveness of the U.S. Parachute Team on the international stage. The Trust Fund's commitment to excellence in amateur parachuting contributes to the growth and sustainability of the sport for future generations.




This information is meant to be a general summary of Us Parachute Team Trust Fund. 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.

Revenue
$360,383 (2022)
Expenses
$91,684 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $276,627
  • Gross Receipts: $1,004,565

Assets and Liabilities:

  • Total Assets: $2,219,702
  • Total Liabilities: $2,405
  • Net Assets: $2,217,297

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Organization Details

Founding Year

1986

Principal Officer

Albert Berchtold

Main Address

5401 SOUTHPOINT CENTRE BLVD, FREDRICKSBURG, VA, 22407

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