Civic Intelligence

Hv3 Foundation

990 • Fiscal year 2022 • EIN 83-1779871

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 12, 2023

Organization ProfileWWW.HV3FOUNDATION.COM
160 Cone CircleSouthern Pines, NC 28387

(704) 313-6200

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

2022 filings • NTEE N • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

20th percentile

0.00x

Higher debt load relative to revenue than 20% of similar nonprofits.

2022 filings • NTEE N • $1M-$5M nonprofits • Source year 2022

Net Margin

90th percentile

44%

Higher net margin than 90% of similar nonprofits.

2022 filings • NTEE N • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

58th percentile

$0

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • NTEE N • $1M-$5M nonprofits • Source year 2022

Asset Growth

95th percentile

104%

Faster asset growth than 95% of similar nonprofits.

2022 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

85th percentile

82%

Faster revenue growth than 85% of similar nonprofits.

2022 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$1,197,296

Up $609,553 (+104%) from 2021

Net Assets

Up

$1,195,756

Up $608,013 (+103%) from 2021

Liabilities

Up

$1,540

Up $1,540 from 2021

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin90th percentile

Revenue

Up

$1,392,092

Up $627,610 (+82%) from 2021

Expenses

Up

$781,781

Up $574,167 (+277%) from 2021

Net Income

Up

$610,311

Up $53,443 (+9.6%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2019: $20,012Net Assets 2019: $20,0122019Assets 2020: $30,875Net Assets 2020: $30,8752020Assets 2021: $587,743Liabilities 2021: $0Net Assets 2021: $587,7432021Assets 2022: $1,197,296Liabilities 2022: $1,540Net Assets 2022: $1,195,7562022Assets 2023: $1,410,213Liabilities 2023: $1,515Net Assets 2023: $1,408,6982023Assets 2024: $1,763,225Liabilities 2024: $0Net Assets 2024: $1,763,2252024

Highlighted filing

2022

Assets$1,197,296
Liabilities$1,540
Net Assets$1,195,756
Open 2022 Filing

Operations Trend

Revenue Growth85th percentile

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

$1.5M$1.0M$500K$0Revenue 2019: $91,890Expenses 2019: $80,354Net Income 2019: $11,5362019Revenue 2020: $81,395Expenses 2020: $70,532Net Income 2020: $10,8632020Revenue 2021: $764,482Expenses 2021: $207,614Net Income 2021: $556,8682021Revenue 2022: $1,392,092Expenses 2022: $781,781Net Income 2022: $610,3112022Revenue 2023: $1,180,931Expenses 2023: $968,989Net Income 2023: $211,9422023Revenue 2024: $1,254,255Expenses 2024: $899,728Net Income 2024: $354,5272024

Highlighted filing

2022

Revenue$1,392,092
Expenses$781,781
Net Income$610,311
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 12, 2023
Return Version
2022v5.0
Gross Receipts
$1,392,092
Mission and Program Overview

Mission

Youth sports and after-school programs are becoming less affordable. The mission of the hv3 foundation is to increase access and inclusion for all youth in sports through education, advocacy, and sport programs, by subsidizing and/or operating such programs for individuals who cannot afford them.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$585,445$1,197,296▲ $611,851
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$585,445$1,197,296▲ $611,851
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses-$1,540-
Total Liabilities$0$1,540▲ $1,540
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$585,445$1,195,756▲ $610,311
Total Net Assets Fund Balance$585,445$1,195,756▲ $610,311
Total Liabilities and Net Assets / Fund Balance$585,445$1,197,296▲ $611,851
Compensation and Service Providers
Top Officer Pay58th percentile

Board Members and Trustees

NameTitle
Harold Varner IiiPresident
Adam GlassnerDirector
Allyson FunkDirector
Ben CallonDirector
Charlie GanimDirector
David McmahanDirector
Ernie TeagueDirector
Matt TrokaDirector
Renaldo JarrellDirector
Sean SmithDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,348,794
Program Service Revenue
$32,811
Investment Income
$10,487
Other Revenue
$0
All Other Contributions
$1,348,794
Change in Net Assets
$610,311
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$519,762
Total Fundraising Expense$215,317
Grants and Similar Amounts Paid$154,089
Salaries, Compensation, and Employee Benefits$107,930
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$154,089--$154,089
Other Salaries and Wages-$100,000-$100,000
Fees for Services Legal-$78,741-$78,741
Advertising--$58,928$58,928
Office Expenses-$24,552-$24,552
Other Expenses$21,196$115,889$43,489$21,196
All Other Expenses$17,163$2,987-$20,150
Travel-$15,516-$15,516
Fees for Services Management-$15,000-$15,000
Insurance-$8,600-$8,600
Payroll Taxes-$7,930-$7,930
Occupancy-$2,801-$2,801
Fees for Services Accounting-$2,000-$2,000
Total Functional Expenses$192,448$374,016$215,317$781,781
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
Insider Transactions and Loans

Loans and Receivables

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

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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, Part VI, Section B, Line 11B

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Hv3 Foundation
EIN
83-1779871
Phone
7043136200
Address
160 CONE CIRCLE, SOUTHERN PINES, NC 28387

Signing Officer

Name
Harold Varner Iii
Title
President
Signed
2023-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harold Varner Iii
Formed
2018
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
0
Employees
0

Preparer

Firm
G3 Accounting Tax
Address
652 N Charter Hall Dr, Palatine, IL 60067
Preparer
Susan L Goetz
Phone
3126563519
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0610311
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt032811
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01348794
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0754602
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt081392
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt091872
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02276660
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt010487
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt032811
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt07004
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt039815
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt010487
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02876
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt013363
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/PublicSupportTotal509Amt02316475
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0761606
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt081392
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt091872
IRS990ScheduleA/Total509Grp/TotalAmt02316475
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01392092
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0764482
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt081392
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt091872
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02329838
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IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0374016
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0192448
IRS990/TotalFunctionalExpensesGrp/TotalAmt0781781
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt01540
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IRS990/TotalLiabilitiesGrp/EOYAmt01540
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0585445
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01195756
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IRS990/TotalProgramServiceRevenueAmt032811
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt043298
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01392092
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0585445
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01197296
IRS990/TravelGrp/ManagementAndGeneralAmt015516
IRS990/TravelGrp/TotalAmt015516
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0160 CONE CIRCLE
IRS990/USAddress/CityNm0SOUTHERN PINES
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028387
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.HV3FOUNDATION.COM
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HAROLD VARNER III
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ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HV3 FOUNDATION
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Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,197,296
Liabilities
$1,540
Net assets
$1,195,756
Revenue
$1,392,092
Expenses
$781,781
Net income
$610,311
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.76$0.00$1.76$1.25$0.90$0.35
2023Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$1.18$0.97$0.21
2022Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$1.39$0.78$0.61
2021Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.59$0.76$0.21$0.56
2020Detailed filing. Detailed filing data is available for this year.$0.03$0.03$0.08$0.07$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.02$0.02$0.09$0.08$0.01