Nonprofit · EIN 88-3593504
CAV FUTURES FOUNDATION
Tax-exempt · CHARLOTTESVILLE, VA 22902
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,729,318 | $4,454,063 | $2,275,255 | $5,541,297 | $0 | $5,541,297 |
| December 31, 2023 | 990 | $5,139,300 | $1,487,079 | $3,652,221 | $3,411,410 | $3,128,452 | $282,958 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,443,416
- Program service revenue
- $0
- Investment income
- $285,902
- Net gain from sales of assets
- $178,680
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $130,448
- Compensation of officers, directors and key employees
- $150,375
- Other salaries and wages
- $144,542
- Salaries, compensation and benefits (total)
- $335,282
- Professional fundraising fees
- $0
- Legal fees
- $50,378
- Travel
- $3,333
- Program services (functional)
- $4,024,628
- Management and general (functional)
- $246,680
- Fundraising (functional)
- $182,755
Balance sheet and other
- Total assets, start of year
- $3,411,410
- Total assets, end of year
- $5,541,297
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,541,297
- Net assets without donor restrictions
- $1,597,652
- Net assets with donor restrictions
- $3,943,645
- Gross receipts
- $6,797,438
- Employees
- 3
- Year formed
- 2022
- State of legal domicile
- VA
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 | From related orgs |
|---|---|---|---|---|
| LORENZA DAVIS | EXECUTIVE DI Officer | 34 | $150,375 | $1,252 |
| CLINT BOWES | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| MARK COOKE | SECRETARY Trustee or director, Officer | 18 | $0 | $0 |
| MICHAEL GEISMAR | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| LORENZA DAVIS | EXECUTIVE DI Officer | 25 | $203,820 | $19,024 |
| CLINT BOWES | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| MICHAEL GEISMAR | VICE CHAIR Trustee or director, Officer | 2.5 | $0 | $0 |
| VALERIE MORINI | CHAIR Trustee or director, Officer | 2.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 240 W MAIN ST, CHARLOTTESVILLE, VA 22902-5005
- Mailing address (990-N for 2022)
- 240 W MAIN STREET, CHARLOTTESVILLE VA 22902
- Principal officer (990 for 2024)
- LORENZA DAVIS, 240 W MAIN STREET, CHARLOTTESVILLE, VA 22902
- Principal officer (990-N for 2022)
- LO DAVIS, 240 W MAIN STREET, CHARLOTTESVILLE VA 22902
- Signed the 990
- LORENZA DAVIS, EXECUTIVE DIRECTOR
- Phone
- (434) 999-8821
- Website
- WWW.CAVFUTURES.COM
- Return prepared by
- ADAMS JENKINS & CHEATHAM
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.
Program accomplishments
- 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.Expenses $4,024,628 · grants $130,448
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
- 88-3593504
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T99)
- Assets (IRS master file)
- $5,541,297
- Income (IRS master file)
- $6,797,438
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,729,318 | $4,454,063 | $5,541,297 | XML |
| 990 | December 2023 | $5,139,300 | $1,487,079 | $3,411,410 | XML |
| 990-N for 2022 Officer: LO DAVIS | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
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 88-3593504).
Questions about CAV FUTURES FOUNDATION
- What is the EIN of CAV FUTURES FOUNDATION?
- The employer identification number (EIN) of CAV FUTURES FOUNDATION is 88-3593504.
- Is CAV FUTURES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to CAV FUTURES FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAV FUTURES FOUNDATION 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 CAV FUTURES FOUNDATION 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 CAV FUTURES FOUNDATION 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 CAV FUTURES FOUNDATION?
- The 990 for the year ended December 31, 2024 names LORENZA DAVIS.
- Who are the officers and directors of CAV FUTURES FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $150,375 (LORENZA DAVIS, EXECUTIVE DI).
- How much revenue does CAV FUTURES FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,729,318, expenses of $4,454,063 and total assets of $5,541,297 at year end.
Other nonprofits in CHARLOTTESVILLE
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- H7 FOUNDATION EIN 62-1668517 · last filed 990-PF for 2024
- YOUNG FAMILY FOUNDATION EIN 04-3525914 · last filed 990-PF for 2025
- HAMMER FAMILY CHARITABLE GIVING FOUNDATION EIN 83-4615985 · last filed 990-PF for 2024
- ANCIENT TO THE FUTURE PROJECT LTD EIN 87-1400779 · last filed 990-PF for 2024
- BRUECKNER FAMILY CHARITABLE FOUNDATION EIN 13-4092823 · last filed 990-PF for 2025
All nonprofits in CHARLOTTESVILLE · Virginia · Philanthropy, voluntarism and grantmaking foundations