Virginia Sports Hall Of Fame Foundation Inc
Virginia Sports Hall Of Fame Foundation sees declining assets and fluctuating financial performance over the last decade.
EIN: 205039673 · Virginia Beach, VA · NTEE: N11 · Updated: 2026-03-28
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Virginia Sports Hall Of Fame Foundation Inc is mapped to EIN 205039673.
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| Metric | Value |
|---|---|
| Total Revenue | $381K |
| Total Expenses | $326K |
| Program Spending | 75% |
| Net Assets | $244K |
| Transparency Score | 65/100 |
Search Intent Cockpit
Virginia Sports Hall Of Fame Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Virginia Sports Hall Of Fame Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Virginia Sports Hall Of Fame Foundation Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $345K and expenses of $326K.
Revenue and Expenses
Virginia Sports Hall Of Fame Foundation Inc reported $345K in revenue and $326K in expenses, a surplus of $19K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 3 red flags, and 2 strengths are shown from structured and AI review.
Is Virginia Sports Hall Of Fame Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $244K (75%) |
Across stored filings, Virginia Sports Hall Of Fame Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 75% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Association Of Small Business Development Centers | Virginia and Category N context |
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Virginia Sports Hall Of Fame Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Virginia Sports Hall Of Fame Foundation Inc
Virginia Sports Hall Of Fame Foundation Inc (EIN: 205039673) is a nonprofit organization based in Virginia Beach, VA, classified under NTEE code N11. The organization reported total revenue of $381K and total assets of $150K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virginia Sports Hall Of Fame Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virginia Sports Hall Of Fame Foundation Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $345K |
| Total Expenses | $326K |
| Surplus / Deficit | +$19K |
| Total Assets | $258K |
| Total Liabilities | $14K |
| Net Assets | $244K |
| Operating Margin | 5.6% |
| Debt-to-Asset Ratio | 5.5% |
| Months of Reserves | 9.5 months |
Financial Health Grade: A
In 2023, Virginia Sports Hall Of Fame Foundation Inc reported a surplus of $19K with revenue exceeding expenses, holds 9.5 months of operating reserves (strong position), has a debt-to-asset ratio of 5.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Virginia Sports Hall Of Fame Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.2% | +14.8% | -1.6% |
| 2022 | -14.1% | -6.8% | -5.8% |
| 2021 | -25.1% | -6.6% | -2.6% |
| 2020 | -46.7% | -85.1% | +15.2% |
| 2019 | +104.7% | +343.6% | -86.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Virginia Sports Hall Of Fame Foundation Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Virginia Sports Hall Of Fame Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $19K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not receiving salaries from the organization, which is a strong positive for minimizing administrative costs relative to the organization's size and revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Virginia Sports Hall Of Fame Foundation Inc's IRS 990 filings:
- Significant decline in assets from $1,980,385 in 201506 to $257,767 in 202306.
- Major deficit in 201906 where expenses ($2,183,062) were nearly three times revenue ($750,394).
- Inconsistent financial performance with large fluctuations in revenue and expenses over the years.
Strengths
The following positive indicators were identified for Virginia Sports Hall Of Fame Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating no executive salaries paid from the organization's funds.
- Recent filings (202306) show revenue ($345,439) exceeding expenses ($325,987), indicating a return to operating surplus.
Frequently Asked Questions about Virginia Sports Hall Of Fame Foundation Inc
Is Virginia Sports Hall Of Fame Foundation Inc a legitimate charity?
Virginia Sports Hall Of Fame Foundation Inc (EIN: 205039673) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $381K. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does Virginia Sports Hall Of Fame Foundation Inc spend its money?
Virginia Sports Hall Of Fame Foundation Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Virginia Sports Hall Of Fame Foundation Inc tax-deductible?
Virginia Sports Hall Of Fame Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205039673). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Virginia Sports Hall Of Fame Foundation Inc's spending goes to programs?
Virginia Sports Hall Of Fame Foundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Virginia Sports Hall Of Fame Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Virginia Sports Hall Of Fame Foundation Inc is above average for NTEE category N11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Virginia Sports Hall Of Fame Foundation Inc located?
Virginia Sports Hall Of Fame Foundation Inc is headquartered in Virginia Beach, Virginia and files with the IRS under EIN 205039673. It is classified under NTEE code N11.
How many years of IRS 990 filings does Virginia Sports Hall Of Fame Foundation Inc have?
Virginia Sports Hall Of Fame Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $381K in total revenue.
What caused the significant expense spike in 201906 ($2,183,062) and the subsequent asset decline?
The provided data does not specify the cause, but the substantial increase in expenses in 201906, far exceeding revenue, likely contributed to the subsequent decline in assets from previous years' levels.
How does the organization plan to address the long-term trend of declining assets?
The provided data does not include strategic plans, but the consistent decrease in assets from nearly $2 million in 201506 to $257,767 in 202306 suggests a need for a clear strategy to rebuild financial reserves.
What is the detailed breakdown of program, administrative, and fundraising expenses for recent years?
The summary data provided does not offer a detailed breakdown beyond total expenses, making it difficult to fully assess spending efficiency across these categories.
Filing History
IRS 990 filing history for Virginia Sports Hall Of Fame Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Virginia Sports Hall Of Fame Foundation Inc's revenue has grown by 272.8%, moving from $93K to $345K. Total assets decreased by 83.1% over the same period, from $1.5M to $258K. Total functional expenses rose by 194.3%, from $111K to $326K. In its most recent filing year (2023), Virginia Sports Hall Of Fame Foundation Inc reported a surplus of $19K, with revenue exceeding expenses. The organization holds $14K in liabilities against $258K in assets (debt-to-asset ratio: 5.5%), resulting in net assets of $244K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $345K | $326K | $258K | $14K | — | View 990 |
| 2022 | $257K | $284K | $262K | $29K | — | View 990 |
| 2021 | $300K | $305K | $278K | $19K | — | View 990 |
| 2020 | $400K | $326K | $286K | $21K | — | — |
| 2019 | $750K | $2.2M | $248K | $57K | — | View 990 |
| 2018 | $367K | $492K | $1.8M | $46K | — | View 990 |
| 2017 | $550K | $680K | $1.9M | $1K | — | View 990 |
| 2016 | $318K | $375K | $1.9M | $6K | — | View 990 |
| 2015 | $332K | $245K | $2.0M | $3K | — | View 990 |
| 2014 | $690K | $289K | $1.9M | $15K | — | View 990 |
| 2013 | $73K | $100K | $1.5M | $0 | — | View 990 |
| 2012 | $38K | $109K | $1.5M | $0 | — | View 990 |
| 2011 | $93K | $111K | $1.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $345K, expenses of $326K, and assets of $258K (revenue +34.2% year-over-year).
- 2022: Revenue of $257K, expenses of $284K, and assets of $262K (revenue -14.1% year-over-year).
- 2021: Revenue of $300K, expenses of $305K, and assets of $278K (revenue -25.1% year-over-year).
- 2020: Revenue of $400K, expenses of $326K, and assets of $286K (revenue -46.7% year-over-year).
- 2019: Revenue of $750K, expenses of $2.2M, and assets of $248K (revenue +104.7% year-over-year).
- 2018: Revenue of $367K, expenses of $492K, and assets of $1.8M (revenue -33.4% year-over-year).
- 2017: Revenue of $550K, expenses of $680K, and assets of $1.9M (revenue +72.9% year-over-year).
- 2016: Revenue of $318K, expenses of $375K, and assets of $1.9M (revenue -4.3% year-over-year).
- 2015: Revenue of $332K, expenses of $245K, and assets of $2.0M (revenue -51.8% year-over-year).
- 2014: Revenue of $690K, expenses of $289K, and assets of $1.9M (revenue +844.7% year-over-year).
- 2013: Revenue of $73K, expenses of $100K, and assets of $1.5M (revenue +90.1% year-over-year).
- 2012: Revenue of $38K, expenses of $109K, and assets of $1.5M (revenue -58.5% year-over-year).
- 2011: Revenue of $93K, expenses of $111K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Virginia Sports Hall Of Fame Foundation Inc:
Data Sources and Methodology
This transparency report for Virginia Sports Hall Of Fame Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.