VIRGINIA SPORTS HALL OF FAME FOUNDATION INC

EIN: 205039673 501(c)(3) Recreation & Sports

VIRGINIA BEACH, VA

Total Revenue
$345,439
Total Expenses
$325,987
Total Assets
$257,767
Net Assets
$243,559
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
VA
Principal Officer
WILL DRISCOLL
Phone
7578001555
Tax Period
2022-07-01 to 2023-06-30

VIRGINIA SPORTS HALL OF FAME FOUNDATION INC, founded in 2006, is a small nonprofit in the Recreation & Sports sector that reported $367K in total revenue in fiscal year 2017. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $492K exceeded revenue, resulting in a 34% operating deficit.

Mission

THE MISSION OF THE VIRGINIA SPORTS HALL OF FAME FOUNDATION IS TO SERVE AS A NON-PROFIT RESOURCE WHICH CELEBRATES ATHLETIC EXCELLENCE IN THE COMMONWEALTH OF VIRGINIA, WHILE INSPIRING THE PUBLIC THROUGH PROGRAMMING AND ENGAGING ENTERTAINMENT.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $374,757
Program Service Revenue $0
Investment Income $30
Other Revenue $-29,348
TOTAL REVENUE $345,439

Expense Breakdown

Grants Paid $15,750
Salaries & Benefits $174,652
Fundraising Expenses $31,907
Program Expenses $75,979
Other Expenses $135,585
TOTAL EXPENSES $325,987

Year-over-Year Comparison

2022 2021 Change
Revenue $345,439 $257,352 +0.3%
Expenses $325,987 $283,938 +0.1%
Net Income $19,452 $-26,586 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
2
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$95,749
Total Directors
12
$95,749
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILL DRISCOLL EXECUTIVE DIRECTOR 40.00
Officer Director
$83,285 $12,464 $95,749
MARTY MILLER CHAIRMAN OF THE BOARD 5.00
Director
$0 $0 $0
TOM PARKER VICE CHAIR 5.00
Director
$0 $0 $0
LAUREN BLAND SECRETARY 5.00
Director
$0 $0 $0
SABRINA JOSS TREASURER 5.00
Director
$0 $0 $0
NATHAN BECK DIRECTOR 5.00
Director
$0 $0 $0
MICHAEL CUDDYER DIRECTOR 5.00
Director
$0 $0 $0
MIKE DAVIS DIRECTOR 5.00
Director
$0 $0 $0
CARL FARRIS DIRECTOR 5.00
Director
$0 $0 $0
DOUG FONDER DIRECTOR 5.00
Director
$0 $0 $0
ERIN O'BRIEN DIRECTOR 5.00
Director
$0 $0 $0
TOM YEAGER DIRECTOR 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $345,439 $325,987 $257,767 $19,452
2022 $257,352 $283,938 $262,046 $-26,586
2021 $299,749 $304,713 $278,063 $-4,964
2020 $399,956 $326,207 $285,504 $73,749
2019 $750,394 $2,183,062 $247,844 $-1,432,668
2018 $366,539 $492,136 $1,816,766 $-125,597
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