Legacy Volleyball Club Inc

Nonprofit profile at a glance

EIN
453843966
IRS 990 coverage
2020–2023
Forms available
Form 990 2023, Form 990-N 2013
Location
Bronx, NY, USA
Rating
56
Verdict
MIXED
Rating confidence
Moderate
Sector
Amateur Sports

Official website

Reported finances

Revenue
$2,103,038
Expenses
$2,214,120
Assets
$1,107,348
Liabilities
$1,399,650

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

Leadership & pay

16 people listed

People named in this filing

  • NARAIN PEREYRA (SEC OF THE BOARD)
  • JILLIAN ACEVEDO (BOARD MEMBER)
  • MASSIEL OROZCO (TREASURE OF THE BOARD)

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

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

Overview

Mission

The legacy volleyball club mission is to provide wealth of dynamic programs and services to youth and families which empower them to attain their athletic social and educational goals

What it reported doing in 2023

School & community programs-provides a recreation school, after school and community-based experience that infuses academic enrichment and social-emotional learning, with an emphasis on volleyball. Our after-school program consist specifically of sports and inramurals, s.t.e.a.m. Activities, homework, tutoring, and a ton of tream building peer mentoring workshops. Robust opportunities for youth to explore their interests and athleticism in mutlitple sports. Intentional infusion of lteracy and mathematics into traditional programming for all particpants to expose them to the academic content of recreation. Environments that support social and emotional learning. High quality sports and recreational instruction. S.t.e.a.m. Based classroom activitites.

Operating model

Revenue model
Earned-program. 91% of the money available for current operations came from fees and other program revenue.
Distribution model
Member-benefit provider. The nonprofit used 100% of its reported program spending for member benefits.

The verdict

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 29
  • Transparency & Controls: 100
  • Accountability: 42
  • Sustainability: 26
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 32.6%; rating input score 33
  • Program expense ratio: 31%; rating input score 31
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -5.3%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 0.5; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 1.26; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 92; 92nd percentile among comparable filings

Growth

  • Program expense growth: 22.9% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: 45.1% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 32.4% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 32.6% of revenue deployed · 31% of spending went to programs
  • Governance: 0 of 9 board members independent · 7 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $686K in reported program spending
  • Leadership: top reported pay $0 · 16 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 4 filing years from 2020 to 2023
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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 33/100.
  • High — Accountability: Independent voting board scored 0/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 31/100.
  • High — Sustainability: Operating margin scored 21/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.