2024-11-14T11:30:53-05:00 2023-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2023-01-01 883593504 CAV FUTURES FOUNDATION CAVF 4349998821 240 W MAIN STREET CHARLOTTESVILLE VA 22902 LORENZA DAVIS EXECUTIVE DIRECTOR 4349624841 2024-11-13 true true D JONATHAN TURNER CPA P01298476 8043231313 2024-11-14 2023 2024-10-15 13:58:12Z LORENZA DAVIS 240 W MAIN STREET CHARLOTTESVILLE VA 22902 6563337 false X WWW.CAVSCARE.ORG X 2022 VA TO CONDUCT CHARITABLE AND EDUCATIONAL ACTIVITIES, INCLUDING, WITHOUT LIMITATION, PROVIDING GRANTS AND OTHER SUPPORT TO NONPROFIT ORGANIZATIONS IN AND BEYOND THE VIRGINIA, MARYLAND, AND DC METROPOLITAN AREAS, SPECIFICALLY INCLUDING CHARLOTTESVILLE, VA; EDUCATING AND EMPOWERING COLLEGIATE ATHLETES TO USE THEIR PERSONAL BRANDS IN SUPPORT OF CHARITABLE ORGANIZATIONS AND CAUSES; AND BUILDING OUT A STRONG NETWORK OF STUDENT ATHLETES AND ALUMNI TO SUPPORT CAREER DEVELOPMENT PATHWAYS AND OTHER PRACTICAL LIFE SKILLS PROGRAMS. 3 3 3 0 5000 4897198 0 242102 0 5000 5139300 0 0 225421 0 132643 5000 1261658 5000 1487079 3652221 100 3411410 100 3128452 282958 X TO CONDUCT CHARITABLE AND EDUCATIONAL ACTIVITIES, INCLUDING, WITHOUT LIMITATION, PROVIDING GRANTS AND OTHER SUPPORT TO NONPROFIT ORGANIZATIONS IN AND BEYOND THE VIRGINIA, MARYLAND, AND DC METROPOLITAN AREAS, SPECIFICALLY INCLUDING CHARLOTTESVILLE, VA; EDUCATING AND EMPOWERING COLLEGIATE ATHLETES TO USE THEIR PERSONAL BRANDS IN SUPPORT OF CHARITABLE ORGANIZATIONS AND CAUSES; AND BUILDING OUT A STRONG NETWORK OF STUDENT ATHLETES AND ALUMNI TO SUPPORT CAREER DEVELOPMENT PATHWAYS AND OTHER PRACTICAL LIFE SKILLS PROGRAMS. false false 1252901 TO CONDUCT CHARITABLE AND EDUCATIONAL ACTIVITIES, INCLUDING, WITHOUT LIMITATION, PROVIDING GRANTS AND OTHER SUPPORT TO NONPROFIT ORGANIZATIONS IN AND BEYOND THE VIRGINIA, MARYLAND, AND DC METROPOLITAN AREAS, SPECIFICALLY INCLUDING CHARLOTTESVILLE, VA; EDUCATING AND EMPOWERING COLLEGIATE ATHLETES TO USE THEIR PERSONAL BRANDS IN SUPPORT OF CHARITABLE ORGANIZATIONS AND CAUSES; AND BUILDING OUT A STRONG NETWORK OF STUDENT ATHLETES AND ALUMNI TO SUPPORT CAREER DEVELOPMENT PATHWAYS AND OTHER PRACTICAL LIFE SKILLS PROGRAMS. 1252901 true true false false false false false false false false false true false false true false false false false false false false false false false false false false false true false false false false false false false false true false false false false true false false false true 60 0 true 3 true false false false false false false false false X 3 3 false false false false false true true true true false false true true true true false false true false false X LORENZA DAVIS 4349998821 240 W MAIN STREET CHARLOTTESVILLE VA 22902 LORENZA DAVIS EXECUTIVE DI 25.00 25.00 X 203820 19024 0 CLINT BOWES TREASURER 5.00 X X 0 0 0 MICHAEL GEISMAR VICE CHAIR 2.50 X X 0 0 0 VALERIE MORINI CHAIR 2.50 X X 0 0 0 203820 19024 1 false true false REECE BEEKMAN 223 COLONNADE DRIVE CHARLOTTESVILLE VA 22903 NIL 117717 DANTE HARRIS 233 EAST HARDIN LANE SERVIERVILLE TN 37862 NIL 100262 2 4897198 103378 4897198 10211 10211 1655928 1424037 231891 231891 231891 5139300 242102 203820 40764 61146 101910 15900 3180 4770 7950 5701 1140 1710 2851 21950 21950 6155 1230 1847 3078 10034 2007 3010 5017 12249 2449 3675 6125 NIL PAYMENTS 1196348 1196348 IT/COMPUTER 6530 1306 1959 3265 DONATIONS 3500 3500 PAYROLL SERVICE FEES 1923 384 577 962 2969 593 891 1485 1487079 1252901 101535 132643 100 557107 1354039 1500264 100 3411410 100 3128452 100 3128452 X 282958 0 282958 100 3411410 X 3652221 -8905 -3360358 X false false false X 100 4897198 4897298 100 4897198 4897298 4897298 10211 10211 4907509 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED US TREASURY BILL 1500264 F 1500264 DEFERRED REVENUE 3128452 3128452 X false false false false false false false false false LORENZA DAVIS EXECUTIVE DIRECTOR 203820 19024 203820 19024 SCHEDULE J, PART III LORENZA DAVIS WAS ORGINALLY COMPENSATED AS AN INDEPENDENT CONTRACTOR. AFTER EVALUATING THE WORK THAT LORENZA WAS DOING, THE BOARD OF DIRECTORS DECIDED TO CHANGE HIS COMPENSATION TO A W-2 EMPLOYEE. HE WILL BE COMPENSATED AS A W-2 EMPLOYEE FROM NOW ON. X 1 103378 FAIR MARKET VALUE false false false FORM 990 - ORGANIZATION'S MISSION TO CONDUCT CHARITABLE AND EDUCATIONAL ACTIVITIES, INCLUDING, WITHOUT LIMITATION, PROVIDING GRANTS AND OTHER SUPPORT TO NONPROFIT ORGANIZATIONS IN AND BEYOND THE VIRGINIA, MARYLAND, AND DC METROPOLITAN AREAS, SPECIFICALLY INCLUDING CHARLOTTESVILLE, VA; EDUCATING AND EMPOWERING COLLEGIATE ATHLETES TO USE THEIR PERSONAL BRANDS IN SUPPORT OF CHARITABLE ORGANIZATIONS AND CAUSES; AND BUILDING OUT A STRONG NETWORK OF STUDENT ATHLETES AND ALUMNI TO SUPPORT CAREER DEVELOPMENT PATHWAYS AND OTHER PRACTICAL LIFE SKILLS PROGRAMS. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS ARE NOMINATED AND VOTED ON BY THE CURRENT BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B THE BOARD OF DIRECTORS MEET AND APPROVE OF THE ANNUAL BUDGET, CONTRACTUAL ARRANGEMENTS, AND FINANCIAL SPENDING THRESHOLDS. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS WILL REVIEW THE 990 BEFORE IT IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE DIRECTORS AND OFFICERS OF CAV FUTURES FOUNDATION (THE "CORPORATION"), OWE A DUTY OF LOYALTY TO THE CORPORATION, WHICH REQUIRES THAT IN SERVING THE CORPORATION THEY ACT, NOT IN THEIR PERSONAL INTERESTS OR IN THE INTERESTS OF OTHERS, BUT RATHER SOLELY IN THE INTERESTS OF THE CORPORATION. DIRECTORS AND OFFICERS MUST HAVE AN UNDIVIDED ALLEGIANCE TO THE CORPORATION'S MISSION AND MAY NOT USE THEIR POSITION AS DIRECTORS OR OFFICERS, INFORMATION THEY HAVE ABOUT THE CORPORATION, OR THE CORPORATION'S PROPERTY, IN A MANNER THAT ALLOWS THEM TO SECURE A PECUNIARY OR OTHER MATERIAL BENEFIT FOR THEMSELVES OR THEIR RELATIVES. ACCORDINGLY, NO DIRECTOR OR OFFICER MAY USE HIS OR HER POSITION AT THE CORPORATION FOR PERSONAL GAIN; TO BENEFIT ANOTHER AT THE EXPENSE OF THE CORPORATION, ITS MISSION, OR ITS REPUTATION; OR TO ENGAGE IN ANY TRANSACTION OR ARRANGEMENT THAT MIGHT RESULT IN AN EXCESS BENEFIT TRANSACTION AS DEFINED BY SECTION 4958 OF THE INTERNAL REVENUE CODE. THIS POLICY IS INTENDED TO PROTECT THE CORPORATION'S INTERESTS WHEN IT IS CONTEMPLATING ENTERING INTO A CONTRACT, TRANSACTION, OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTERESTS OF A MEMBER OF THE CORPORATION'S BOARD OF DIRECTORS OR AN OFFICER OF THE CORPORATION. EVERY DIRECTOR AND OFFICER MUST DISCHARGE HIS OR HER DUTIES IN GOOD FAITH, WITH THE DEGREE OF CARE THAT AN ORDINARILY PRUDENT PERSON IN A LIKE POSITION WOULD EXERCISE UNDER SIMILAR CIRCUMSTANCES. THIS POLICY IS INTENDED TO SUPPLEMENT BUT NOT REPLACE ANY APPLICABLE STATE AND FEDERAL LAWS GOVERNING CONFLICTS OF INTEREST APPLICABLE TO NONPROFIT AND CHARITABLE ORGANIZATIONS FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS DETERMINE THE EXECUTIVE DIRECTOR COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 THE 990 AND OTHER ORGANIZATIONAL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 BOOK/TAX GAIN ON SALE OF INVEST -231,906 BOOK/TAX DEFFERED REVENUE -3,128,452 TOTAL -3,360,358 CAVALIER FUTURES PO BOX 6581 CHARLOTTESVILLE VA 22906 874674375 NIL VA N/A false false false false false false false false false false false false false false false false false false false false