Nova 94 Feet INC FY2022 filing

Tax-deductible

Herndon, VA501(c)(3)Recreation & SportsEIN 30-0713021Revenue $596K in FY2022

On file with the IRSnova94feet.com11607 Tori Glen CT, 20170-2473 · Herndon, VATax-exempt since Jan 2013Publicly supported — 509(a)(2)

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Formed to operate a youth basketball program that will form teams to train and compete at the AAU level in both league activities and tournaments.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $10K a year · 2% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$596K
+26% vs prior year
Spent
$577K
To programs
100%
Net assets
$94K
By yearFY2020–FY2024
Revenue
$596K
FY2022▲ +26%
Tap a bar for its year
Revenue by fiscal year
FY2020$237K
FY2021$474K
FY2022$596K
FY2023$598K
FY2024$653K
Expenses
$577K
FY2022▲ +31%
Tap a bar for its year
Expenses by fiscal year
FY2020$227K
FY2021$442K
FY2022$577K
FY2023$649K
FY2024$613K
Net assets
$94K
FY2022▲ +50%
Tap a bar for its year
Net assets by fiscal year
FY2020$31K
FY2021$63K
FY2022$94K
FY2023$51K
FY2024$83K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $577K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Trains and competes youth basketball teams at the AAU level.

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Provided by the organization

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1 program · $577K · in their own filed words · FY2022
01

The organization was formed to operate a youth basketball program that will form teams to train and compete at the AAU level in both activities and tournaments.

$577Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$500
Grants paid · 1 grant · $7K · 2020–2020
Unitemized GrantFY2020$6,650

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$596K
Ln 12
Fees for servicesLn 2g$583K
Gifts and grantsLn 1h$12K
Other incomeLn 4–11$1K
Money outPt IX
$577K
Ln 25
Programscol B$577K
Owns and owesPt X
$94K
net assets · Ln 32
Cash and savingsLn 1–2$94K
Total assetsLn 16$94K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$583K
Other incomeLn 4–11$1K
Gains on assetsLn 7$0
Total revenueLn 12$596K
Assets in detailPt X, end of year
CashLn 1$94K
Cash and savings togetherLn 1–2$94K
Total assetsLn 16$94K
LiabilitiesLn 26$0
Net assetsLn 32$94K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$63K$94K
Total assetsLn 16$63K$94K
LiabilitiesLn 26$0$0
Net assetsLn 32$63K$94K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$105K$105K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$14K$14K
TravelLn 17$194K$194K
Other expenses (24a–d)Ln 24$260K$260K$0$0
Total functional expensesLn 25$577K$577K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $653K$613K$40K$83K 990 PDF
FY2023 $598K$649K−$50K$51K 990 PDF
FY2022 Viewing $596K$577K$19K$94K 990 PDF
FY2021 $474K$442K$32K$63K 990 PDF
FY2020 $237K$227K$10K$31K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $595,951 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,339$12,000
I-9 Program service revenuePrior year $0$582,699
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $467,359$1,252
I-12 Total revenuePrior year $473,698$595,951
I-13 Grants and similar amounts paidPrior year $4,215$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $74,143$104,618
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $363,527$472,323
I-18 Total expensesPrior year $441,885$576,941
I-19 Revenue less expensesPrior year $31,813$19,010
Part VI · Governance 0 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $595,951 across 14 lines filed
Lines not itemized here account for $583,951 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$12,000
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$12,000
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $583,951 · Unrelated business $0 · Excluded from tax $0$595,951
Part IX · Statement of functional expenses $576,941 across 5 lines filed
IX-7 Other salaries and wagesPrograms $104,618$104,618
IX-12 Advertising and promotionPrograms $4,396$4,396
IX-13 Office expensesPrograms $13,687$13,687
IX-17 TravelPrograms $194,367$194,367
IX-24 Other expenses (24a–d)Programs $259,873 · Management $0 · Fundraising $0$259,873
IX-25 Total functional expensesPrograms $576,941 · Management $0 · Fundraising $0$576,941
Part X · Balance sheet $93,790 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $62,716$93,790
X-16 Total assetsStart of year $62,716$93,790
X-17 Accounts payable and accrued expenses$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $62,716$93,790
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $62,716$93,790
X-33 Total liabilities and net assetsStart of year $62,716$93,790
Part XI · Reconciliation of net assets $93,790 net assets at year end
XI-1 Total revenue$595,951
XI-2 Total expenses$576,941
XI-3 Revenue less expenses$19,010
XI-4 Net assets at start of year$62,716
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$12,064
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$93,790

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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