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Virginia Beach Billfish Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 275040479 ✦ Virginia beach, VA ✦ Designated as a 501(c)(3)

Overview

What is Virginia Beach Billfish Foundation?

The Virginia Beach Billfish Foundation is a nonprofit organization situated in Virginia Beach, Virginia. Established in 2004, its primary purpose is to promote educational, scientific, and charitable causes through an annual fishing tournament. Over the years, the foundation has successfully raised over $1.4 million for various charities, such as the Boys & Girls Clubs, StopAbuse, Achievable Dream, and many others. Their efforts have supported numerous local organizations, demonstrating a strong commitment to their community. The foundation, with a modest workforce of two employees, continues to make a significant impact in Virginia Beach.


Is Virginia Beach Billfish Foundation legitimate?

Virginia Beach Billfish Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Beach Billfish Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $13,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,450

For more financial information, click here


What is the mission statement of Virginia Beach Billfish Foundation?
Who is the CEO of Virginia Beach Billfish Foundation?
What is the revenue of Virginia Beach Billfish Foundation?
Who are the executives of Virginia Beach Billfish Foundation and what are their salaries?
Where can I find the form 990 for Virginia Beach Billfish Foundation?

Mission Statement of Virginia Beach Billfish Foundation

The Virginia Beach Billfish Foundation is committed to promoting educational, scientific, and charitable causes, leveraging the medium of a fishing tournament. This esteemed organization's mission is to make a significant impact in various sectors, all while adhering to legal guidelines. By orchestrating this annual event, the Virginia Beach Billfish Tournament, the foundation has managed to raise an impressive sum of over $1.4 million for various charitable causes since its inception in 2004. Some of the beneficiaries include local institutions such as Boys & Girls Clubs, StopAbuse, Achievable Dream, EVMS Cancer Research, ACCESS College Fund, Champions for Charity, Hampton Roads Academy, Virginia Beach Friends School, the Peninsula SPCA, and The Billfish Foundation. The Virginia Beach Billfish Foundation's charitable endeavors extend beyond financial support, as it aims to contribute positively to its community through its unique fishing tournament.

Impact

This information is meant to be a general summary of Virginia Beach Billfish Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The Virginia Beach Billfish Foundation has had a significant impact through its charitable endeavors facilitated by the Virginia Beach Billfish Tournament. Since its inception in 2004, the foundation has raised over $1.4 million for various local charities including the Boys & Girls Clubs, StopAbuse, Achievable Dream, EVMS Cancer Research, ACCESS College Fund, and more. This substantial contribution has helped support important causes in the community, making a tangible difference in the lives of many individuals and organizations.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $33
  • Program Service Revenue: $1,103,630
  • Gross Receipts: $1,346,531

    • Assets and Liabilities:
  • Total Assets: $118,288
  • Total Liabilities: $0
  • Net Assets: $118,288
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ENTRY FEES

    Revenue

    $1,067,000

    OTHER FEES

    Revenue

    $24,150

    TICKETS

    Revenue

    $12,480

    Organization Details

    Founding Year

    2010

    Principal Officer

    Paula Davis

    Main Address

    PO Box 568, Virginia Beach, VA, 23452

    NTEE Category

    Code: T12 - Philanthropy

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