Nonprofit · EIN 85-3736355
VICTORY FORMATION FOUNDATION INC
Tax-exempt · DANA POINT, CA 92629
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $482,089 | $414,997 | $67,092 | $391,921 | $30,303 | $361,618 |
| December 31, 2023 | 990 | $331,385 | $217,157 | $114,228 | $294,526 | $0 | $294,526 |
| December 31, 2022 | 990 | $241,838 | $105,617 | $136,221 | $180,298 | $0 | $180,298 |
| December 31, 2021 | 990-EZ | $79,327 | $35,249 | $44,078 | $44,078 | $0 | $44,078 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,000
- Program service revenue
- $473,702
- Investment income
- $0
- Other revenue
- $5,387
Expenses
- Grants and similar amounts paid
- $2,116
- Compensation of officers, directors and key employees
- $150,000
- Salaries, compensation and benefits (total)
- $184,177
- Professional fundraising fees
- $0
- Legal fees
- $7,225
- Accounting fees
- $3,477
- Travel
- $2,784
- Program services (functional)
- $181,616
- Management and general (functional)
- $233,381
Balance sheet and other
- Total assets, start of year
- $294,526
- Total assets, end of year
- $391,921
- Total liabilities, end of year
- $30,303
- Net assets, end of year
- $361,618
- Land, buildings and equipment
- $46,915
- Gross unrelated business income
- $5,387
- Gross receipts
- $482,089
- Employees
- 2
- Volunteers
- 10
- Year formed
- 2021
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM VIZZI | PRESIDENT & CEO Trustee or director | 35 | $75,000 |
| MICHAEL TAYLOR | SECRETARY Trustee or director | 1 | $0 |
| JEANNIE GAMBINO | TREASURER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM VIZZI | PRESIDENT & CEO Trustee or director | 35 | $18,750 |
990 for the year ended December 31, 2022: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM VIZZI | PRESIDENT & CEO Trustee or director | 35 | $0 |
990-EZ for the year ended December 31, 2021: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM VIZZI | PRESIDENT & CEO | 35 | $0 |
| MATT VIZZI | DIRECTOR OF MARKETING/OPERATIONS | 35 | $0 |
| MICHAEL TAYLOR | SECRETARY | 1 | $0 |
| JEANNIE GAMBINO | TREASURER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 24711 CORDOVA DR APT B, DANA POINT, CA 92629-5319
- Principal officer (990 for 2024)
- TIM VIZZI, 24711 CORDOVA DR B, DANA POINT, CA 92629
- Signed the 990
- TIM VIZZI, PRESIDENT & CEO
- Phone
- (949) 427-0575
- Return prepared by
- AFPS LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 85-3736355 or by the name VICTORY FORMATION FOUNDATION INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
OUR LEAGUE WAS FORMED TO BUILD OUR YOUTH AND COMMUNITY THROUGH SPORTS. AN OUTLET FOR KIDS TO FIRST HAVE FUN, AND DEVELOP THEIR SKILLS AND CHARACTER THROUGH THE GAME'S LESSONS. THROUGH OUR PROGRAM, WE WILL SHAPE BETTER ATHLETES, BUT MORE IMPORTANTLY, BETTER PEOPLE.
Program accomplishments
- TO ASSIST DESERVING CHARITITES IN THEIR MISSION.Expenses $181,616 · grants $2,116 · revenue $473,702
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-3736355
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N65)
- Assets (IRS master file)
- $391,921
- Income (IRS master file)
- $482,089
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $482,089 | $414,997 | $391,921 | XML |
| 990 | December 2023 | $331,385 | $217,157 | $294,526 | XML |
| 990 | December 2022 | $241,838 | $105,617 | $180,298 | XML |
| 990-EZ | December 2021 | $79,327 | $35,249 | $44,078 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-3736355).
Questions about VICTORY FORMATION FOUNDATION INC
- What is the EIN of VICTORY FORMATION FOUNDATION INC?
- The employer identification number (EIN) of VICTORY FORMATION FOUNDATION INC is 85-3736355.
- Is VICTORY FORMATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to VICTORY FORMATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VICTORY FORMATION FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VICTORY FORMATION FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VICTORY FORMATION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VICTORY FORMATION FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names TIM VIZZI.
- Who are the officers and directors of VICTORY FORMATION FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $75,000 (TIM VIZZI, PRESIDENT & CEO).
- How much revenue does VICTORY FORMATION FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $482,089, expenses of $414,997 and total assets of $391,921 at year end.
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