Creeds Athletic Association

Nonprofit profile at a glance

EIN
541716723
IRS 990-EZ coverage
2022–2023
Forms available
Form 990-EZ 2023, Form 990-N 2021
Location
Virginia Beach, VA, USA
Phone
7577086436
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Amateur Sports

Reported finances

Revenue
$122,056
Expenses
$68,049
Assets
$69,028

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • KENNETH BEASLEY (PRESIDENT)
  • NIC BALESTERI (VICE PRESIDENT)

People named in this filing

  • KENNETH BEASLEY (PRESIDENT)
  • NIC BALESTERI (VICE PRESIDENT)
  • FRED MONTGOMERY (PARLIMENTARIAN)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide youth sports activities in community

What it reported doing in 2023

Registration fees charged to participate in youth sports activities

Operating model

Revenue model
Earned-program. 60% of the money available for current operations came from fees and other program revenue.
Distribution model
Member-benefit provider. The nonprofit used 78% of its reported program spending for member benefits.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 100
  • Sustainability: 68
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 44.8%; rating input score 45
  • Program expense ratio: 80.3%; rating input score 80

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 44.2%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 1.01; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 77.6% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 43.7% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 132.5% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 44.8% of revenue deployed · 80.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $55K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2022 to 2023
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 45/100.
  • Review — Sustainability: Total-asset coverage ratio scored 59/100.