HAMPTON ROADS SPORTS COMMISSION INC

EIN: 541884411

NORFOLK, VA

Total Revenue
$195,288
Total Expenses
$92,136
Total Assets
N/A
Net Assets
N/A
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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
VA
Principal Officer
SYLVIA HAINES
Phone
7576222312
Tax Period
2022-01-01 to 2022-12-31

HAMPTON ROADS SPORTS COMMISSION INC, founded in 1997, is a small nonprofit that reported $140K in total revenue in fiscal year 2018. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $229K exceeded revenue, resulting in a 64% operating deficit.

Mission

THE MISSION OF THE SPORTS COMMISSION IS TO SERVE AS A CATALYST FOR FACILITATING AND ENCOURAGING THE DEVELOPMENT OF AMATEUR SPORTS, EVENTS, ACTIVITIES AND FACILITIES IN THE FIFTEEN (15) CITIES AND COUNTIES THAT COMPRISE THE GREATER HAMPTON ROADS REGION OF SOUTHEASTERN VIRGINIA AND AS SUCH, TO SERVE AS AN ECONOMIC DEVELOPMENT ORGANIZATION FOR THE HAMPTON ROADS AREA.

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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 $40,000
Program Service Revenue $61,901
Investment Income $0
Other Revenue $93,387
TOTAL REVENUE $195,288

Expense Breakdown

Grants Paid $0
Salaries & Benefits $35,409
Fundraising Expenses $0
Other Expenses $56,727
TOTAL EXPENSES $92,136

Year-over-Year Comparison

2022 2021 Change
Revenue $195,288 $139,570 +0.4%
Expenses $92,136 $215,410 -0.6%
Net Income $103,152 $-75,840 -2.4%
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
25
Independent Members
22
Employees
1
Volunteers
22

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
4
$446,278
Total Directors
24
$446,278
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRYAN STEPHENS PRESIDENT 2.00
Officer Director
$0 $19,182 $299,582
SYLVIA HAINES TREASURER/SECRETARY 1.00
Officer Director
$0 $14,015 $114,015
CLAUDELL CLARK EXECUTIVE DIRECTOR 37.50
Officer Director
$28,269 $4,412 $32,681
JAMES WHITE CHAIR 1.00
Officer Director
$0 $0 $0
JACK ANKERSON BOARD MEMBER 1.00
Director
$0 $0 $0
ANDY BALLARD BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE BARBER BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS BERTANI BOARD MEMBER 1.00
Director
$0 $0 $0
KELLY BRIDGEMAN BOARD MEMBER 1.00
Director
$0 $0 $0
RICK FRENCH BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID HARTNETT BOARD MEMBER 1.00
Director
$0 $0 $0
DANI TIMM BOARD MEMBER 1.00
Director
$0 $0 $0
ROB HENSON BOARD MEMBER 1.00
Director
$0 $0 $0
AMANDA PATNEAUDE BOARD MEMBER 1.00
Director
$0 $0 $0
KURT KRAUSE BOARD MEMBER 1.00
Director
$0 $0 $0
ANTHONY MIA BOARD MEMBER 1.00
Director
$0 $0 $0
DR LAMAR RHEAMS BOARD MEMBER 1.00
Director
$0 $0 $0
LARRY RUBAMA BOARD MEMBER 1.00
Director
$0 $0 $0
JOEL RUBIN BOARD MEMBER 1.00
Director
$0 $0 $0
SUE SNEAD BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE SUTTMILLER BOARD MEMBER 1.00
Director
$0 $0 $0
MELODY WEBB BOARD MEMBER 1.00
Director
$0 $0 $0
PAMELA WEST BOARD MEMBER 1.00
Director
$0 $0 $0
TINA HILL BOARD MEMBER 1.00
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
2022 $195,288 $92,136 No data $103,152
2021 $139,570 $215,410 $37,559 $-75,840
2020 $191,050 $235,107 $83,575 $-44,057
2019 $170,198 $222,306 $368,079 $-52,108
2018 $139,702 $229,131 $361,901 $-89,429
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