Overview
What is Old Dominion Athletic Conference Inc?
The Old Dominion Athletic Conference Inc, based in Forest, Virginia, is a nonprofit organization primarily dedicated to organizing tournaments and offering management services for its 14 member colleges and universities. Their mission is centered around promoting integrity among student-athletes, ensuring a fair and competitive intercollegiate athletic environment. With a modest workforce of three individuals, they play a significant role in enhancing the athletic experiences of students across their affiliated institutions.
Official website here: www.odaconline.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement) - Score: 69%
Old Dominion Athletic Conference Inc has received a two-star rating from Charity Navigator, indicating a need for improvement. The organization excels in accountability and finance, achieving a perfect score in this category, which reflects strong governance practices, such as having a fully independent board. However, there are significant gaps in financial transparency, as evidenced by a lack of financial statements and policies related to conflict of interest and whistleblower protections.
The organization demonstrates a commendable program expense ratio of 87.65%, suggesting that a substantial portion of expenditures goes directly to its programming. Despite this, the absence of critical financial documentation and policies raises concerns about operational transparency and potential risks. The liabilities to assets ratio is low at 8.42%, indicating solid financial health, but the overall lack of comprehensive financial disclosures points to areas needing urgent attention.
In summary, while Old Dominion Athletic Conference Inc showcases strong board independence and program expenditure efficiency, it must address its shortcomings in financial reporting and governance policies to enhance its accountability and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Old Dominion Athletic Conference Inc legitimate?
Old Dominion Athletic Conference Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Dominion Athletic Conference 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $211,576
For more financial information, click here
Official website here: www.odaconline.com
What is the mission statement of Old Dominion Athletic Conference Inc?
The Old Dominion Athletic Conference Inc, serving 14 member colleges and universities, is committed to providing intercollegiate athletic management services. Their primary objective is to foster integrity among student-athletes. In addition to conducting tournaments, the conference also offers comprehensive management and athletic services to each of its affiliated institutions. The Old Dominion Athletic Conference Inc strives to uphold high ethical standards and create a competitive yet responsible environment for student-athletes.
Official website here: www.odaconline.com
What is the revenue of Old Dominion Athletic Conference Inc?
Old Dominion Athletic Conference Inc's revenue in 2023 was $757,117.
Official website here: www.odaconline.com
Who are the executives of Old Dominion Athletic Conference Inc and what are their salaries?
The average compensation at Old Dominion Athletic Conference Inc during 2023 was $70,525. There are 3 employees at Old Dominion Athletic Conference Inc.
Here are 16 key members and their salaries:
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Official website here: www.odaconline.com
Where can I find the form 990 for Old Dominion Athletic Conference Inc?
Old Dominion Athletic Conference Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.odaconline.com
Learn more at the official website: www.odaconline.com
Mission Statement of Old Dominion Athletic Conference Inc
The Old Dominion Athletic Conference Inc, a renowned organization, is dedicated to providing intercollegiate athletic management services to 14 member colleges and universities. Their primary mission is to foster integrity among student-athletes. By conducting tournaments and offering comprehensive management and intercollegiate athletic services, this esteemed conference aims to support and uplift each of its affiliated institutions. The Old Dominion Athletic Conference Inc's mission is to create an environment that encourages the growth and development of student-athletes, both on and off the field, while promoting a strong sense of sportsmanship and ethical conduct.
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Impact
July, 2024
The Old Dominion Athletic Conference Inc plays a vital role in the management and promotion of intercollegiate athletics among its 14 member colleges and universities. By conducting tournaments and providing essential athletic services, this organization helps foster a sense of integrity and sportsmanship among student-athletes. Through its dedication to recreational activities, the Old Dominion Athletic Conference Inc contributes to the development of a vibrant and competitive collegiate sports environment.
This information is meant to be a general summary of Old Dominion Athletic Conference 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 2023.
- Investment Income: $790
- Program Service Revenue: $590,886
- Gross Receipts: $757,117
Assets and Liabilities:
- Total Assets: $200,177
- Total Liabilities: $11,505
- Net Assets: $188,672
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OFFICIATING REIMBURSEMENTS
Revenue
$615,320
INSTITUTION DUES
Revenue
$300,894
TOURNAMENTS
Revenue
$154,679
NCAA HONORARIUMS & GRANTS
Revenue
$135,313
LESS: OFFICIATING COSTS
Revenue
-$615,320
Organization Details
Founding Year
1975
Principal Officer
Brad Bankston
Website
www.odaconline.comNTEE Category
Code: N40 - Recreation
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