VIRGINIA SPORTS HALL OF FAME FOUNDATION INC: Form 990, tax year 2009

View the entire original 990 at ProPublica ↗

Organization
VIRGINIA SPORTS HALL OF FAME FOUNDATION INC (EIN 20-5039673)
Tax period
2009-07-01 to 2010-06-30
Filed
2011-01-18
IRS object ID
201100209349300815
Schema version
2009v1.4
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2011-01-18T15:26:21-06:00Timestamp
Tax Period End Date2010-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1CHERRY BEKAERT & HOLLAND LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1222 CENTRAL PARK AVE SUITE 1400AddressLine1
CityVIRGINIA BEACHCity
StateVAState
ZIP Code234623032ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2009-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN205039673EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1VIRGINIA SPORTS HALL OF FAME FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlVIRGNameControl
Phone7573938031Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 370AddressLine1
CityPORTSMOUTHCity
StateVAState
ZIP Code23705ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameP EDWARD WEBB IIIName
TitledirectorTitle
Phone7573938031Phone
Date Signed2010-12-02DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameJOANNE HANDYSIDEName
Phone7574562400Phone
FieldValueIRS element (for citing)
Tax Year2009TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonP Edward Webb IIINameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1PO BOX 370AddressLine1
CityPORTSMOUTHCity
StateVAState
ZIP Code23705ZIPCode
FieldValueIRS element (for citing)
Gross Receipts582771GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501cXOrganization501c
Web SiteN/AWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation2006YearFormation
State Legal DomicileVAStateLegalDomicile
Activity Or Mission DescriptionFUNDRAISING FOR SUPPORT OF AFFILIATED 501C3 ORGANIZATION'S PROGRAMSActivityOrMissionDescription
Nbr Voting Members Governing Body5NbrVotingMembersGoverningBody
Nbr Independent Voting Members5NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Nbr Volunteers5TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year100000ContributionsGrantsPriorYear
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Prior Year-59616InvestmentIncomePriorYear
Investment Income Current Year-80858InvestmentIncomeCurrentYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year40384TotalRevenuePriorYear
Total Revenue Current Year-80858TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year175131GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY77355GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year33945OtherExpensePriorYear
Other Expenses Current Year32739OtherExpensesCurrentYear
Total Expenses Prior Year209076TotalExpensesPriorYear
Total Expenses Current Year110094TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-168692RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-190952RevenuesLessExpensesCY
Total Assets BOY1458356TotalAssetsBOY
Total Assets EOY1444357TotalAssetsEOY
Total Liabilities EOY0TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY1458356NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY1444357NetAssetsOrFundBalancesEOY
Mission DescriptionTo support and further the goals of it's affiliate, the Virginia Sports Hall of FameMissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense77355Expense
Revenue96095Revenue
DescriptionTHE ORGANIZATION'S GOAL IS TO RAISE FUNDS TO SUPPORTPROGRAMS PROVIDED BY AFFILATED 501C3 ORGANIZATION, VIRGINIA SPORTS HALL OF FAME, INC.Description
Total Program Service Expense77355TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required0ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments1TermOrPermanentEndowments
Balance Sheet Amounts Reported1BalanceSheetAmountsReported
Independent Audit Financial Stmt0IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations1GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required0ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10960NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees0NumberOfEmployees
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Nbr Voting Governing Body Members5NbrVotingGoverningBodyMembers
Number Independent Voting Members5NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement0RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO0CompensationProcessCEO
Compensation Process Other0CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledVAStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1The OrganizationBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number7573938031TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1PO BOX 370AddressLine1
CityPORTSMOUTHCity
StateVAState
ZIP Code23705ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (5 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
G ROBERT ASTON JR
Chair0.30XX000
arthur Bryant II
DIRECTOR0.30X000
DAVID R TYNCH
DIRECTOR0.30X000
P EDWARD WEBB III
DIRECTOR0.30X000
Wayne C Sawyer Sr
dIRECTOR0.30X000
FieldValueIRS element (for citing)
Total Reportable Comp From Org0TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation0TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K0TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column43291TotalRevenueColumn
Exclusion$43,291ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities539480Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities663629Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities-124149Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column-124149TotalRevenueColumn
Exclusion-$124,149ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column-80858TotalRevenueColumn
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion-$80,858ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total77355Total
Program Services77355ProgramServices

Insurance Insurance

FieldValueIRS element (for citing)
Total14475Total
Management And General14475ManagementAndGeneral

Other Expenses OtherExpenses

FieldValueIRS element (for citing)
DescriptionInvestment feesDescription
Total18264Total
Management And General18264ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total110094Total
Program Services77355ProgramServices
Management And General32739ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY50BOY
EOY50EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY1458306BOY
EOY1444307EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY1458356BOY
EOY1444357EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY1458356BOY
EOY1444357EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY1458356BOY
EOY1444357EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY1458356BOY
EOY1444357EOY
FieldValueIRS element (for citing)
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review1AccountantCompileOrReview
FS Audited0FSAudited
Audit Committee0AuditCommittee
Financial Statement ConsolidatedXFinancialStatementConsolidated
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years1830789CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year100000CurrentTaxYearMinus1Year
Total1930789Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years1830789CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year100000CurrentTaxYearMinus1Year
Total1930789Total
FieldValueIRS element (for citing)
Amounts Subst Contributors Total58049AmountsSubstContributorsTotal
Public Support Total1701872740PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years66518CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year56956CurrentTaxYearMinus1Year
Current Tax Year43291CurrentTaxYear
Total166765Total
FieldValueIRS element (for citing)
Total Support2097554TotalSupport
Public Support Pertcentage1700.89280PublicSupportPertcentage170
Public Support Pertcent Prior Year0.91120PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule D IRS990ScheduleD

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance1458306BeginningOfYearBalance
Investment Earnings Or Losses96095InvestmentEarningsOrLosses
Grants Or Scholarships77355GrantsOrScholarships
Other Expenditures14475OtherExpenditures
Administrative Expenses18264AdministrativeExpenses
End Of Year Balance1444307EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance1678528BeginningOfYearBalance
Investment Earnings Or Losses-111096InvestmentEarningsOrLosses
Grants Or Scholarships75181GrantsOrScholarships
Other Expenditures14475OtherExpenditures
Administrative Expenses19470AdministrativeExpenses
End Of Year Balance1458306EndOfYearBalance
FieldValueIRS element (for citing)
Permanent Endowment EOY Balance1.00000PermanentEndowmentEOYBalance
Endowments Held By Unrelated Orgs0EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs0EndowmentsHeldByRelatedOrgs
Total Of Book Value Land Buildings0TotalOfBookValueLandBuildings

Other Securities OtherSecurities

FieldValueIRS element (for citing)
DescriptionOther SecuritiesDescription
Book Value1444307BookValue
Method Of ValuationFMethodOfValuation
FieldValueIRS element (for citing)
Total Of Book Value Securities1444307TotalOfBookValueSecurities

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

FieldValueIRS element (for citing)
ExplanationPart V, Line 4- The Company's endowment consists of individual donor-restricted funds held for the purpose of assisting the company in accomplishing its goals and objectives.Explanation

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained0RecordsMaintained

Recipient Table RecipientTable

Recipient Name Business RecipientNameBusiness

FieldValueIRS element (for citing)
Business Name Line1Virginia Sports Hall of Fame IncBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1Po Box 370AddressLine1
CityPortmouthCity
StateVAState
ZIP Code23705ZIPCode
FieldValueIRS element (for citing)
EIN Of Recipient237349939EINOfRecipient
IRC Section501(C)(3)IRCSection
Amount Of Cash Grant77355AmountOfCashGrant
Purpose Of GrantFUNDRAISING FOR SUPPORT OF AFFILIATED 501C3 ORGANIZATION'S PROGRAMSPurposeOfGrant
FieldValueIRS element (for citing)
Total Nbr Of501 C3 And Govt Grants1TotalNbrOf501C3AndGovtGrants

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (2 entries)

IdentifierIdentifierExplanationExplanation
Form 990, Part VI, Section B, line 11The organization's tax return is made available to the board for review prior to filing
Form 990, Part VI, Section C, line 19Any documentation required to be made available to the general public is made available as required.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatus
Virginia Sports Hall of Fame Inc
po box 370PortsmouthVA23705237349939EducationVA501(c)(3)Line 9
Virgina sports hall of fame education Foundation
po box 370portsmouthVA23705208533092SUPPORT OF VA. SPORTS HALL OF FAME's EDUCATION PROGRAMSVA501(c)(3)Line 7
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties0ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org1GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org0GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org0LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs0RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs0RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs0PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs0PerformOfServicesByOtherOrgs
Sharing Of Facilities0SharingOfFacilities
Sharing Of Paid Employees0SharingOfPaidEmployees
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrg
Other Transfer To Other Org0OtherTransferToOtherOrg
Other Transfer From Other Org0OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable

Name Of Other Organization NameOfOtherOrganization

FieldValueIRS element (for citing)
Business Name Line1Virginia Sports Hall of FameBusinessNameLine1
FieldValueIRS element (for citing)
Transaction TypeBTransactionType
Amount Involved77355AmountInvolved

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