Vega Competitive Team Parents Association
Nonprofit profile at a glance
- EIN
- 931442385
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Williamsburg, VA, USA
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $112,289
- Expenses
- $58,366
- Assets
- $59,772
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Angie Ferguson (Vice President)
- Jaimee Kitt (President)
People named in this filing
- Kathryn Tighe (Secretary)
- Angie Ferguson (Vice President)
- Jaimee Kitt (President)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The VEGA Competitive Team Parents Association VCTPA is a non-profit organization formed to promote and support the activities of the Virginia Elite Gymnastics Academy VEGA competitive gymnastics team to include Xcel Bronze Sapphire Compulsory levels 3-5 and Optional levels 6-10. Our mission is to help defray expenses related to competitive gymnastics at VEGA and make it possible for kids of all economic backgrounds to follow their dreams by helping them afford competing in a gymnastics program. Together we want to give our VEGA gymnastics community the Extras to make a great team!
What it reported doing in 2024
The VEGA Crown Classic is a USA Gymnastics-sanctioned meet hosted to promote youth athletic development and provide competitive opportunities for gymnasts from across Region 7. Organized by our nonprofit parent association this event supports our mission to make competitive gymnastics more accessible for local athletes. In this fiscal year the meet welcomed approximately 434 athletes from 9 gymnastics clubs. The event featured Levels 2-7 and Xcel Bronze through Diamond with routines evaluated by certified judges. Funds raised from the meet help subsidize competition-related costs such as travel leotards and equipment for our team families. The meet also offered valuable leadership and service opportunities for over 50 volunteers and fostered community engagement through vendor partnerships and sponsor support.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work.
Rating breakdown
- Financial Efficiency: 55
- Transparency & Controls: 100
- Sustainability: 68
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 41.3%; rating input score 41
- Program expense ratio: 79.4%; rating input score 79
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 48%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 1.02; rating input score 60; 60th 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: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 41.3% of revenue deployed · 79.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $46K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- 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 41/100.