Civic Intelligence

Coastal Athletic Association

990 • Fiscal year 2023 • EIN 54-1670009

Jul 01, 2022 to Jun 30, 2023 • Filed on Dec 18, 2023

8625 Patterson AveRichmond, VA 23229

(804) 754-1616

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

42nd percentile

0.12x

Higher debt load relative to assets than 42% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

43rd percentile

0.19x

Higher debt load relative to revenue than 43% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

76th percentile

20%

Higher net margin than 76% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

84th percentile

$352,981

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

74th percentile

17%

Faster asset growth than 74% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

73rd percentile

20%

Faster revenue growth than 73% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$16,651,952

Up $2,441,798 (+17%) from 2022

Net Assets

Up

$14,608,760

Up $2,474,986 (+20%) from 2022

Liabilities

Down

$2,043,192

Down $33,188 (-1.6%) from 2022

Revenue

Up

$10,921,839

Up $1,839,031 (+20%) from 2022

Expenses

Up

$8,715,549

Up $1,420,392 (+19%) from 2022

Net Income

Up

$2,206,290

Up $418,639 (+23%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $2,497,933Liabilities 2010: $502,381Net Assets 2010: $1,995,5522010Assets 2011: $2,931,985Liabilities 2011: $612,786Net Assets 2011: $2,319,1992011Assets 2012: $4,100,676Liabilities 2012: $1,397,632Net Assets 2012: $2,703,0442012Assets 2013: $6,212,102Liabilities 2013: $754,582Net Assets 2013: $5,457,5202013Assets 2014: $6,058,785Liabilities 2014: $444,673Net Assets 2014: $5,614,1122014Assets 2015: $7,536,236Liabilities 2015: $441,026Net Assets 2015: $7,095,2102015Assets 2016: $8,502,342Liabilities 2016: $522,761Net Assets 2016: $7,979,5812016Assets 2017: $12,141,331Liabilities 2017: $1,689,758Net Assets 2017: $10,451,5732017Assets 2018: $13,084,476Liabilities 2018: $1,666,217Net Assets 2018: $11,418,2592018Assets 2019: $13,529,235Liabilities 2019: $1,600,112Net Assets 2019: $11,929,1232019Assets 2020: $10,840,840Liabilities 2020: $400,689Net Assets 2020: $10,440,1512020Assets 2021: $12,819,772Liabilities 2021: $1,887,120Net Assets 2021: $10,932,6522021Assets 2022: $14,210,154Liabilities 2022: $2,076,380Net Assets 2022: $12,133,7742022Assets 2023: $16,651,952Liabilities 2023: $2,043,192Net Assets 2023: $14,608,7602023Assets 2024: $19,092,832Liabilities 2024: $2,248,642Net Assets 2024: $16,844,1902024Assets 2025: $16,415,402Liabilities 2025: $155,377Net Assets 2025: $16,260,0252025

Highlighted filing

2023

Assets$16,651,952
Liabilities$2,043,192
Net Assets$14,608,760

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $6,265,1562010Revenue 2011: $7,605,840Expenses 2011: $6,708,321Net Income 2011: $897,5192011Expenses 2012: $9,955,2482012Revenue 2013: $11,225,160Expenses 2013: $8,605,086Net Income 2013: $2,620,0742013Revenue 2014: $8,600,184Expenses 2014: $8,464,429Net Income 2014: $135,7552014Revenue 2015: $8,948,392Expenses 2015: $7,464,964Net Income 2015: $1,483,4282015Revenue 2016: $8,937,974Expenses 2016: $8,177,599Net Income 2016: $760,3752016Revenue 2017: $10,646,243Expenses 2017: $8,467,833Net Income 2017: $2,178,4102017Revenue 2018: $6,057,421Expenses 2018: $5,254,392Net Income 2018: $803,0292018Revenue 2019: $5,822,864Expenses 2019: $5,530,391Net Income 2019: $292,4732019Revenue 2020: $7,077,800Expenses 2020: $8,552,127Net Income 2020: -$1,474,3272020Revenue 2021: $6,295,119Expenses 2021: $5,700,400Net Income 2021: $594,7192021Revenue 2022: $9,082,808Expenses 2022: $7,295,157Net Income 2022: $1,787,6512022Revenue 2023: $10,921,839Expenses 2023: $8,715,549Net Income 2023: $2,206,2902023Revenue 2024: $12,036,040Expenses 2024: $9,953,839Net Income 2024: $2,082,2012024Revenue 2025: $10,079,332Expenses 2025: $10,810,551Net Income 2025: -$731,2192025

Highlighted filing

2023

Revenue$10,921,839
Expenses$8,715,549
Net Income$2,206,290
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Dec 18, 2023
Return Version
2022v5.0
Gross Receipts
$12,466,664
Mission and Program Overview

Mission

To provide an orgzanization through which member institutions may maintain intercollegiate athletics with dignity.

To provide an organization through which the member institutions may maintain intercollegiate athletics with dignity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$7,600,180$10,072,001▲ $2,471,821
Investments in Publicly Traded Securities$3,749,496$3,995,017▲ $245,521
Savings and Temporary Cash Investments$2,361,885$1,230,349▼ $1,131,536
Accounts Receivable$122,552$1,115,474▲ $992,922
Land, Buildings, and Equipment, Net$186,796$183,049▼ $3,747
Prepaid Expenses and Deferred Charges$55,293$56,062▲ $769
Investments Other Securities$2,404--
Total Assets$14,210,154$16,651,952▲ $2,441,798
Other Assets Total$131,548--
Liabilities
Other Liabilities$1,274,788$1,844,425▲ $569,637
Deferred Revenue$600,000--
Accounts Payable and Accrued Expenses$201,592$198,767▼ $2,825
Total Liabilities$2,076,380$2,043,192▼ $33,188
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,771,889$10,696,451▲ $924,562
Net Assets With Donor Restrictions$2,361,885$3,912,309▲ $1,550,424
Total Net Assets Fund Balance$12,133,774$14,608,760▲ $2,474,986
Total Liabilities and Net Assets / Fund Balance$14,210,154$16,651,952▲ $2,441,798

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$152,564$522,628$675,192
Equipment$27,828$74,863$102,691
Other Land Buildings$2,657$7,556$10,213
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOSEPH D'ANTONIOCommissionerFT$312,041$40,940$352,981
Jennifer CondarasDeputy CommiFT$132,908$20,885$153,793
Jennifer CondarasDeputy Commissioner-$132,908$20,885$153,793
Lynn NewtonCFOFT$81,037$26,514$107,551

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,735,054
Investment Income
$146,668
Other Revenue
$40,117
Change in Net Assets
$2,206,290

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,876,119
Revenue Not Reported on Financial Statements
$45,720
Revenue Not Reported on Form 990
$268,696
Other Revenue Adjustments
$22,773
Total Revenue per Audited Statements
$11,144,815
Total Revenue per Form 990
$10,921,839
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,841,940
Salaries, Compensation, and Employee Benefits$1,804,739
Total Fundraising Expense$103,838
Grants and Similar Amounts Paid$68,870
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$916,329$57,777$42,378$1,016,484
Current Officers, Directors, Trustees, and Key Employees$420,159$75,069-$495,228
Fees for Services Other$893$411,837$10$412,740
Conferences and Meetings$108,422$30,948$37,711$177,081
Other Employee Benefits$117,037$11,704$1,301$130,042
Payroll Taxes$79,386$7,939$882$88,207
Pension Plan Contributions$67,301$6,730$747$74,778
Grants to Domestic Orgs$68,870--$68,870
Insurance$54,445$7,510$626$62,581
All Other Expenses$41,476$9,844-$51,320
Travel$31,277$1,419$4,257$36,953
Other Expenses$17,531$1,514$15,069$34,114
Information Technology$25,151$3,469$289$28,909
Fees for Service Investment Mgmnt Fees-$22,947-$22,947
Office Expenses$18,890$3,653$205$22,748
Fees for Services Accounting-$20,300-$20,300
Depreciation Depletion$16,311$2,250$187$18,748
Occupancy$15,278$2,107$176$17,561
Fees for Services Legal$3,620$3,621-$7,241
Total Functional Expenses$7,683,644$928,067$103,838$8,715,549

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,715,549
Expenses per Audited Statements$8,669,829
Total Expenses per Audited Statements$8,669,829
Expenses Not Reported on Financial Statements$45,720
Other Expense Adjustments$22,773
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Drexel UniversityPhiladelphia, PA501c3Innovation$22,500
University of North CarolinaWilmington, NC501c3Innovation$18,841
Elon UniversityElon, NC501c3Innovation$18,559
North Carolina A&t State UniversityGreensboro, NC501c3Innovation$5,344
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Academic Enhance Fund-mbshp$1,844,090
Estimated Losses on Invest in Prtnsp$335
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

An electronic copy of the form 990 is provided to members of the board prior to filing.

Form 990, Page 6, Part VI, Line 19

Financial statements, policies, and governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Colonial Athletic Association
EIN
54-1670009
Address
8625 PATTERSON AVE, RICHMOND, VA 23229

Signing Officer

Name
JOSEPH D'ANTONIO
Title
Commissioner
Phone
8047541616
Signed
2023-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
JOSEPH D'ANTONIO
Formed
1985
Legal Domicile
Va
Voting Board Members
13
Independent Board Members
13
Employees
19
Volunteers
50

Preparer

Firm
Wellscoleman
Address
5004 MONUMENT AVE, RICHMOND, VA 23230
Preparer
Rebecca J Tres
Phone
8043581150
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Grant refunds -22,773 grant refunds 22,773

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

GRANT REFUNDS 22,773

Schedule D, Page 4, Part XII, Line 4B

GRANT REFUNDS 22,773

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IRS990/Form990PartVIISectionAGrp/TitleTxt13COMMISSIONER
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IRS990/ProgramServiceRevenueGrp/Desc0NCAA GRANTS
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IRS990/ProgramServiceRevenueGrp/Desc2MULTIMEDIA CONTRACTS
IRS990/ProgramServiceRevenueGrp/Desc3CONFERENCE ENTRANCE FEES
IRS990/ProgramServiceRevenueGrp/Desc4DUES
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IRS990/ProgSrvcAccomActy2Grp/Desc0CONDUCTS CONFERENCE CHAMPIONSHIPS FOR BOTH MEN'S AND WOMEN'S INTERCOLLEGIATE SPORTS.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02315642
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0138626
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0152422
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt08341792
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt06940942

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$16.4$0.16$16.3$10.1$10.8$0.73
2024Detailed filing. Detailed filing data is available for this year.$19.1$2.25$16.8$12.0$9.95$2.08
2023Detailed filing. Detailed filing data is available for this year.$16.7$2.04$14.6$10.9$8.72$2.21
2022Detailed filing. Detailed filing data is available for this year.$14.2$2.08$12.1$9.08$7.30$1.79
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.8$1.89$10.9$6.30$5.70$0.59
2020Detailed filing. Detailed filing data is available for this year.$10.8$0.40$10.4$7.08$8.55$1.47
2019Detailed filing. Detailed filing data is available for this year.$13.5$1.60$11.9$5.82$5.53$0.29
2018Detailed filing. Detailed filing data is available for this year.$13.1$1.67$11.4$6.06$5.25$0.80
2017Detailed filing. Detailed filing data is available for this year.$12.1$1.69$10.5$10.6$8.47$2.18
2016Summary only. Only limited summary data is available for this year.$8.50$0.52$7.98$8.94$8.18$0.76
2015Detailed filing. Detailed filing data is available for this year.$7.54$0.44$7.10$8.95$7.46$1.48
2014Detailed filing. Detailed filing data is available for this year.$6.06$0.44$5.61$8.60$8.46$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.21$0.75$5.46$11.2$8.61$2.62
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.10$1.40$2.70$9.96
2011Summary only. Only limited summary data is available for this year.$2.93$0.61$2.32$7.61$6.71$0.90
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.50$0.50$2.00$6.27