Legends Sports Inc

EIN: 870772930 Youth Development

Oakton, VA

Total Revenue
$525,199
Total Expenses
$317,958
Total Assets
$667,709
Net Assets
$667,709
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
VA
Principal Officer
Ronald J Cortese
Phone
7032555165
Tax Period
2025-01-01 to 2025-12-31

Legends Sports Inc, founded in 2006, is a small nonprofit in the Youth Development sector that reported $525K in total revenue in fiscal year 2025. The organization ran a surplus of $207K, a strong 39% operating margin.

Mission

To provide recreational sports activities for adults and youth in the Northern Virginia area. As part of this mission, we strive to include all individuals regardless of skill level.

Program Service Accomplishments

Program 1
Expenses: $24,682 Revenue: $182,851

Provide pickleball activities for adult and youth

Program 2
Expenses: $103,296 Revenue: $124,766

Provide basketball leagues for adult

Program 3
Expenses: $71,776 Revenue: $114,775

Provide basketball leagues for youth, grades 2 through high school

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $518,508
Investment Income $6,691
Other Revenue $0
TOTAL REVENUE $525,199

Expense Breakdown

Grants Paid $0
Salaries & Benefits $40,000
Fundraising Expenses $0
Program Expenses $235,905
Other Expenses $277,958
TOTAL EXPENSES $317,958

Year-over-Year Comparison

2025 2024 Change
Revenue $525,199 $504,915 +0.0%
Expenses $317,958 $480,578 -0.3%
Net Income $207,241 $24,337 +7.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
3
$40,000
Total Directors
5
$40,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RONALD J CORTESE PresidentTreasurer 30.00
Officer Director
$40,000 $0 $40,000
JOYCE EABY Vice President 0.00
Officer Director
$0 $0 $0
AMY K FARABOW Secretary 2.00
Officer Director
$0 $0 $0
ALYSSA J CORTESE Special Projects 0.00
Director
$0 $0 $0
CHRISTOPHER J CORTESE Special Projects 0.00
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
2025 $525,199 $317,958 $667,709 $207,241
2024 $504,915 $480,578 $180,000 $24,337
2023 $543,633 $496,582 $180,000 $47,051
2022 $445,538 $385,943 $180,000 $59,595
2021 $366,744 $332,054 $186,000 $34,690
2019 $432,763 $417,491 $199,906 $15,272
2018 $423,764 $474,576 $179,831 $-50,812
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