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Vtwc INC

Tax-deductible

Blacksburg, VA501(c)(3)Since 1988Recreation & SportsEIN 54-1299279

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Vtwc promotes health and strength conditioning for members to include college students. Provides a variety of exercise classes which promote social interaction and healthy living among members.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 6 volunteers and 107 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 7
filings with a surplus
Average surplus $6K a year · under 1% of revenue · last 7 filings
Worth a look: a surplus in 4 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$94K
to officers and key staff · 5% of spending
Top officer’s pay lower than 71% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$210K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
-5% vs prior year
Spent
$1.9M
To programs
91%
Net assets
$1.7M
By yearFY2019–FY2025
Revenue
$1.7M
FY2025▼ -5%
Revenue by fiscal year
FY2019$1.6M
FY2020$1.0M
FY2021$1.7M
FY2022$1.7M
FY2023$2.0M
FY2024$1.8M
FY2025$1.7M
Expenses
$1.9M
FY2025▲ +8%
Expenses by fiscal year
FY2019$1.6M
FY2020$1.3M
FY2021$1.6M
FY2022$1.6M
FY2023$1.7M
FY2024$1.7M
FY2025$1.9M
Net assets
$1.7M
FY2025▼ -7%
Net assets by fiscal year
FY2019$2.0M
FY2020$1.3M
FY2021$1.4M
FY2022$1.4M
FY2023$1.8M
FY2024$1.8M
FY2025$1.7M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Exemption reinstated (2015-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Mar 2016.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $1.7M Management & general 9% · $164K Fundraising 0% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $94K paid to officers and key staff.

Part VII, Section A · reportable compensation
Michaela Galya
General Mana
$93,600Pt VII · Sec A
Corbin Stone
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Tom Tillar
President
$0Pt VII · Sec A
Thomas Ryan
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Michaela Galya’s $94K as General Mana is at the 29th percentile of top reported officer pay among 1842 $1–10M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michaela Galya$93,600$83,838————
Christie Heslip——$93,431$87,862$79,625$76,885

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Offers fitness classes, personal training, massages, and childcare to improve members' health.

Provided by the organization

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1 program service account for $1.7M of program spending, described in the organization's own filed words · FY2025.
01

VTWC promotes health and strength conditioning for members to include college students. Provides a variety of exercise classes which promote social interaction and healthy living among members.

$1.7Mprogram expense

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By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.3M
Fees for servicesLn 2g$361K
Investment incomeLn 3$31K
Money outPt IX
$1.9M
Ln 25
Programscol B$1.7M
Managementcol C$164K
Fundraisingcol D$1K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$52K
Total assetsLn 16$1.9M
LiabilitiesLn 26$210K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Fees for servicesLn 2g$361K
Investment incomeLn 3$31K
Other incomeLn 4–11$21K
Gains on assetsLn 7$8K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$52K
Cash and savings togetherLn 1–2$52K
InvestmentsLn 11–13$654K
Land, buildings, equipmentLn 10c$1.2M
Other assetsLn 15$5K
Total assetsLn 16$1.9M
LiabilitiesLn 26$210K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 5107
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$122K$52K
InvestmentsLn 11–13$730K$654K
Land, buildings, equipmentLn 10c$1.3M$1.2M
Total assetsLn 16$2.1M$1.9M
LiabilitiesLn 26$317K$210K
Net assetsLn 32$1.8M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$94K$94K
Other salaries and wagesLn 7$635K$635K
Pension plan contributionsLn 8$10K$10K
Other employee benefitsLn 9$43K$43K
Payroll taxesLn 10$55K$55K
Accounting feesLn 11c$3K$2K$2K
Investment management feesLn 11f$6K$5K$569
Other fees for servicesLn 11g$200$200
Advertising and promotionLn 12$2K$965$1K
Office expensesLn 13$8K$6K$2K
OccupancyLn 16$706K$635K$72K
InterestLn 20$12K$11K$1K
Depreciation, depletion and amortizationLn 22$126K$126K
InsuranceLn 23$28K$25K$2K
Other expenses (24a–d)Ln 24$145K$63K$83K
All other expensesLn 24e$5K$3K$2K
Total functional expensesLn 25$1.9M$1.7M$164K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.7M$1.9M−$167K$1.7M 990 PDF
FY2024 $1.8M$1.7M$57K$1.8M 990 PDF
FY2023 $2.0M$1.7M$273K$1.8M 990 PDF
FY2022 $1.7M$1.6M$100K$1.4M 990 PDF
FY2021 $1.7M$1.6M$94K$1.4M 990 PDF
FY2020 $1.0M$1.3M−$302K$1.3M 990 PDF
FY2019 $1.6M$1.6M−$12K$2.0M 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $1,709,850 across 8 lines filed
Lines not itemized here account for $16,091 of total revenue; see the IRS return.
VIII-1b Membership dues$1,296,411
VIII-1h Total contributions, gifts and grants$1,296,411
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $361,441$361,441
VIII-3 Investment incomeExcluded from tax $22,740$22,740
VIII-7 Net gain or loss on sales of assetsRelated to mission $7,765$7,765
VIII-8 Net income from fundraising eventsExcluded from tax $1,445$1,445
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,957$3,957
VIII-12 Total revenueRelated to mission $389,254 · Excluded from tax $24,185$1,709,850
Part IX · Statement of functional expenses $1,877,189 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $93,600$93,600
IX-7 Other salaries and wagesPrograms $635,243$635,243
IX-8 Pension plan contributionsPrograms $10,008$10,008
IX-9 Other employee benefitsPrograms $42,801$42,801
IX-10 Payroll taxesPrograms $55,321$55,321
IX-11c Accounting feesPrograms $1,615 · Management $1,616$3,231
IX-11f Investment management feesPrograms $5,123 · Management $569$5,692
IX-11g Other fees for servicesFundraising $200$200
IX-12 Advertising and promotionPrograms $965 · Fundraising $1,138$2,103
IX-13 Office expensesPrograms $5,956 · Management $1,625$7,581
IX-16 OccupancyPrograms $634,559 · Management $71,828$706,387
IX-20 InterestPrograms $10,540 · Management $1,171$11,711
IX-22 Depreciation, depletion and amortizationPrograms $125,571$125,571
IX-23 InsurancePrograms $25,331 · Management $2,439$27,770
IX-24 Other expenses (24a–d)Programs $62,602 · Management $82,723$145,325
IX-24e All other expensesPrograms $2,934 · Management $1,711$4,645
IX-25 Total functional expensesPrograms $1,712,169 · Management $163,682 · Fundraising $1,338$1,877,189
Part X · Balance sheet $1,872,134 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $122,345$51,953
X-8 Inventories for sale or useStart of year $4,134$8,239
X-10c Land, buildings and equipment, netStart of year $1,250,267$1,152,462
X-11 Publicly traded securitiesStart of year $729,783$654,257
X-15 Other assetsStart of year $5,223$5,223
X-16 Total assetsStart of year $2,111,752$1,872,134
X-17 Accounts payable and accrued expensesStart of year $9,800$96
X-25 Other liabilitiesStart of year $8$8
X-26 Total liabilitiesStart of year $317,007$210,067
X-32 Total net assets or fund balancesStart of year $1,794,745$1,662,067
X-33 Total liabilities and net assetsStart of year $2,111,752$1,872,134
Part XI · Reconciliation of net assets $1,662,067 net assets at year end
XI-1 Total revenue$1,709,850
XI-2 Total expenses$1,877,189
XI-3 Revenue less expenses−$167,339
XI-4 Net assets at start of year$1,794,745
XI-5 Net unrealized gains (losses) on investments$34,661
XI-10 Net assets at end of year$1,662,067

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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