Civic Intelligence

First Point Volleyball Foundation

990 • Fiscal year 2017 • EIN 81-4642035

Jan 01, 2017 to Dec 31, 2017 • Filed on Dec 31, 2019

10880 Wilshire Blvd Suite 1101Los Angeles, CA 90024

(317) 418-8967

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

94th percentile

60%

Higher net margin than 94% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

83rd percentile

$82,710

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 10.1% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

$508,631

No earlier filing loaded for comparison.

Net Assets

$508,631

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$822,704

No earlier filing loaded for comparison.

Expenses

$327,726

No earlier filing loaded for comparison.

Net Income

$494,978

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2017: $508,631Liabilities 2017: $0Net Assets 2017: $508,6312017Assets 2017: $508,631Liabilities 2017: $0Net Assets 2017: $508,6312017Assets 2018: $608,001Liabilities 2018: $251,477Net Assets 2018: $356,5242018Assets 2019: $923,132Liabilities 2019: $707,109Net Assets 2019: $216,0232019Assets 2020: $750,886Liabilities 2020: $436,907Net Assets 2020: $313,9792020Assets 2021: $505,503Liabilities 2021: $575,931Net Assets 2021: -$70,4282021Assets 2022: $238,634Liabilities 2022: $553,607Net Assets 2022: -$314,9732022Assets 2023: $360,334Liabilities 2023: $316,666Net Assets 2023: $43,6682023Assets 2024: $105,506Liabilities 2024: $307,680Net Assets 2024: -$202,1742024

Highlighted filing

2017

Assets$508,631
Liabilities$0
Net Assets$508,631

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $822,704Expenses 2017: $327,726Net Income 2017: $494,9782017Revenue 2017: $822,704Expenses 2017: $327,726Net Income 2017: $494,9782017Revenue 2018: $730,899Expenses 2018: $618,772Net Income 2018: $112,1272018Revenue 2019: $696,037Expenses 2019: $764,157Net Income 2019: -$68,1202019Revenue 2020: $649,805Expenses 2020: $462,038Net Income 2020: $187,7672020Revenue 2021: $1,097,822Expenses 2021: $1,419,828Net Income 2021: -$322,0062021Revenue 2022: $446,918Expenses 2022: $674,412Net Income 2022: -$227,4942022Revenue 2023: $979,282Expenses 2023: $693,577Net Income 2023: $285,7052023Revenue 2024: $378,494Expenses 2024: $618,986Net Income 2024: -$240,4922024

Highlighted filing

2017

Revenue$822,704
Expenses$327,726
Net Income$494,978
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Dec 31, 2019
Return Version
2017v2.3
Gross Receipts
$794,435
Mission and Program Overview

Mission

Volleyball people tend to be good people. Competitive volleyball players seem to develop into productive citizens, leaders and mentors. And the united states of america needs more leaders and more mentors. The overarching goal of first point volleyball foundation is to create more opportunities for boys and men to play competitive volleyball. One of the key areas of the initiative is to expand opportunities for men to play on collegiate teams and to expand the amount of di and dii teams and di and dii scholarship opportunities. Ultimately, nothing is more important than nurturing the spirit and values of the young people of this country. Thank you for helping us do this on and near the volleyball court!

To create more educational opportunities for boys and men to play competitive volleyball.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$0$347,127▲ $347,127
Savings and Temporary Cash Investments$0$8,108▲ $8,108
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$0$355,235▲ $355,235
Other Assets Total$0$0→ $0
Liabilities
Grants Payable$0$90,000▲ $90,000
Accounts Payable and Accrued Expenses$0$20,838▲ $20,838
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$110,838▲ $110,838
Net Assets / Fund Balance
Unrestricted Net Assets$0$191,897▲ $191,897
Temporarily Rstr Net Assets$0$52,500▲ $52,500
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$0$244,397▲ $244,397
Total Liabilities and Net Assets / Fund Balance$0$355,235▲ $355,235
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Stephen Wade GarardPresident & CEOFT$82,710$82,710

Board Members and Trustees

NameTitle
John SperawChairman of the Board
Lloy BallDirector
Marin GjajaDirector
Bill AndrewDirector (beg. 12/17)
Bruce LincolnDirector (beg. 12/17)
Scott SiegfriedDirector (beg. 12/17)
Paul TashimaDiirector (beg. 06/17)
Kelly GoodselTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Upper Network LLCManagement Consultin5201 WEST 86TH STREET, Indianapolis, IN 46260$108,520
Revenue and Support

Revenue Composition

Contributions and Grants
$760,480
Program Service Revenue
$0
Investment Income
$-659
Other Revenue
$0
All Other Contributions
$760,480
Change in Net Assets
$244,397

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$34,614Fair Market Value
Total Noncash Contributions2$34,614-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$262,714
Grants and Similar Amounts Paid$170,000
Total Fundraising Expense$162,553
Salaries, Compensation, and Employee Benefits$82,710
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$170,000--$170,000
Current Officers, Directors, Trustees, and Key Employees$24,813$16,542$41,355$82,710
Travel$16,719-$25,252$41,971
Fees for Services Legal$22,524--$22,524
Fees for Services Accounting-$6,550-$6,550
Advertising-$5,696$647$6,343
Office Expenses$3,016$1,307$1,330$5,653
Fees for Services Other-$636$975$1,611
Occupancy-$675-$675
Other Expenses$56,394$157$40,349$157
Total Functional Expenses$293,466$59,405$162,553$515,424
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Daemen CollegeAmherst, NY501(c)(3)Scholarships$60,000
Princeton UniversityPrinceton, NJ501(c)(3)MORGAN McKINZIE ENDOWMENT FUND$50,000
Cumberland UniversityLebanon, TN501(c)(3)Scholarships$20,000
Life UniversityMarietta, GA501(c)(3)Scholarships$20,000
Viterbo UniversityLa Crosse, WI501(c)(3)Scholarships$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B

Process to review form 990: the board reviews the form 990 prior to filing. The form 990 is also reviewed by an independent accountant.

Form 990, Part VI, Line 12C

Process for monitoring compliance with conflict of int. Policy: annually the board members, directors, and officers of motormvb fill out a conflict of interest survey. The surveys are reviewed by the president/ceo and board treasurer. If conflict of interest issues arise, they are discussed by the board's executive committee. The executive committee will then bring those conflicts or potential conflicts to the attention of the board. If a board member has a conflict or potential conflict, he or she would choose or be asked to abstain from voting in that area.

Form 990, Part VI, Line 15A

Process to determine ceo compensation: the executive committe of the board of directors reviews form 990s of other sports related nonprofit organizations, coaches associations, professional associations, and national fraternity and sorority foundations to make a recommendation to the board of directors. The board of directors then review and approve the compensation of motormvb's chief executive officer. Form 990, part vi, line 15b process to review other officers and key employees: the organization left this question blank because it does not compensate any other officers or key employees.

Form 990, Part VI, Line 19

Governing documents available to the public: the governing documents, conflict of interest policy, and financial statements are all available upon request.

Filing and Contact Details

Filer

Filer Name
MotorMVB Foundation Inc
EIN
81-4642035
In Care Of
% STEPHEN WADE GARARD
Phone
3174188967
Address
10880 Wilshire Blvd Suite 1101, Los Angeles, CA 90024

Signing Officer

Name
Stephen Wade Garard
Title
CEO
Phone
3174188967
Signed
2019-12-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Wade Garard
Formed
2016
Legal Domicile
De
Voting Board Members
7
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Bkd Llp
Address
201 N Illinois Street, Indianapolis, IN 46204
Preparer
Nicole B Fishback
Phone
3173834000
Supplemental Narrative

Additional Explanations

Form 990, Item B

Reason for amending return: the form 990 is being amended for the following: - part iii lines 4a and 4b - part viii lines 1f, 1g, and 11a - all of part ix - all of part x - all of part xi - schedule a, part ii, lines 1, 4, 5, 6, 7, and 11 - schedule b - schedule m, part i, line 32a all have been updated to reflect the changes in motormvb's updated financial statements for 2017.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
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IRS990/MissionDesc0VOLLEYBALL PEOPLE TEND TO BE GOOD PEOPLE. COMPETITIVE VOLLEYBALL PLAYERS SEEM TO DEVELOP INTO PRODUCTIVE CITIZENS, LEADERS AND MENTORS. AND THE UNITED STATES OF AMERICA NEEDS MORE LEADERS AND MORE MENTORS. THE OVERARCHING GOAL OF MOTORMVB IS TO CREATE MORE OPPORTUNITIES FOR BOYS AND MEN TO PLAY COMPETITIVE VOLLEYBALL. ONE OF THE KEY AREAS OF THE INITIATIVE IS TO EXPAND OPPORTUNITIES FOR MEN TO PLAY ON COLLEGIATE TEAMS AND TO EXPAND THE AMOUNT OF DI AND DII TEAMS AND DI AND DII SCHOLARSHIP OPPORTUNITIES. ULTIMATELY, NOTHING IS MORE IMPORTANT THAN NURTURING THE SPIRIT AND VALUES OF THE YOUNG PEOPLE OF THIS COUNTRY. THANK YOU FOR HELPING US DO THIS ON AND NEAR THE VOLLEYBALL COURT!
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Scholarships
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1MORGAN McKINZIE ENDOWMENT FUND
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Daemen College
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Princeton University
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Life University
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Cumberland University
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Viterbo University
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt04380 Main Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1701 Carnegie Center
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21269 Barclay Circle
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3One Cumberland Square
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4900 Viterbo Drive
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0Suite 445
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