Royals Varsity Club INC EIN 27-0292360

Royals Varsity Club INC

EIN  27-0292360 Public charity (501(c)(3)) Fishers, IN
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Supports and funds school and intramural team sports, promoting teamwork and community.
Leadership
Charon Wright · President
Money in and out
$800K revenue, $764K expenses
Bottom line
97% program efficiency

Supports and funds school and intramural team sports, promoting teamwork and community. For fiscal year 2025 it reported $800K in revenue, $764K in expenses, and $435K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$800K
Pt VIII · Ln 12
Total expenses
$764K
Pt IX · Ln 25
Net assets
$435K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $35K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.00 Fundraising $0.02
Program efficiency
97%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
6.8mo
months of highly liquid reserves at operating expense rate▼ -3% vs prior filing year
Surplus margin
+4%
revenue over expenses, this year▼ -59% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$800K
FY2025▲ +3%
Expenses
$764K
FY2025▲ +11%
Total assets
$455K
FY2025▲ +8%
Total liabilities
$19K
FY20250%
Total revenue
$800K
Pt VIII · Ln 12
Total expenses
$764K
Pt IX · Ln 25
Net assets
$435K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$35K
Total assetsPt X · Ln 16$455K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $743K of program spending, described in the organization's own filed words · FY2024.
01

To readily provide support and funding for interscholastic athletic team sports, intramural team sports and related health and fitness activities in an atmosphere that promotes strong team work positive player coach relations and communtiy involvement.

$743Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRoyals Varsity Club INC
EINHdr · item D27-0292360
Principal addressHdr · item CFishers, IN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFJun 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Athletic Director
$0Pt VII · Sec A
Athletic Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$800K
Total revenueLn 12$800K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.00 Fundraising $0.02
Program services97%$743K
Management & general$3K
Fundraising2%$18K
Total functional expensesLn 25$764K

Balance Sheet

Part X · end of year
CashLn 1$435K
Total assetsLn 16$455K
Total liabilitiesLn 26$19K
Total net assetsLn 32$435K
Months of cash on handcomputed6.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $435K · Operating expenses/yr $764K
6.8 months
Where the money goes
Program services
Program services $743K · Total expenses $764K
97%
Management & General
Management & general $3K · Total expenses $764K
0%
Fundraising
Fundraising $18K · Total expenses $764K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $18K · Solicited contributions (3-yr avg) $731K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $800K · Total revenue $800K
100%
Government reliance
Government grants — · Total revenue $800K
Earned-income share
Program service revenue $0 · Total revenue $800K
0%
Investment reliance
Investment income $0 · Total revenue $800K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $764K
0%
Growth & trend
Revenue growth (YoY)
This year $800K · Prior year $773K
+3%
Revenue CAGR
FY2020 $342K · FY2024 $800K
+24%
Net-asset trend (YoY)
End of year $435K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $800K · Expenses $764K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $455K
Net-asset ratio
Net assets $435K · Total assets $455K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $455K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Charon Wright · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $764K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $764K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 0%
Fundraising cost ratio 2%
Revenue growth 3%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$28

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$800K revenue · viewing · ⤓ 990 PDF
FY2024$773K revenue · ⤓ 990 PDF
FY2023$620K revenue · ⤓ 990 PDF
FY2022$517K revenue · ⤓ 990 PDF
FY2021$342K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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