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EIN 04-3650760

Portsmouth Invitational Tournament Foundation

IRS 501(c) type
501(c)(4)
Num. employees
0
City
Portsmouth
State
Virginia
Year formed
2002
Most recent tax filings
2024-06-01
NTEE code, primary
N60: Amateur Sports Clubs, Leagues
Description
The Portsmouth Invitational Tournament Foundation raises funds from activities such as the Portsmouth Invitational Tournament to give to nonprofit community organizations and scholarships for deserving student athletes graduating from local high schools. The Foundation hosts the annual Portsmouth Invitational basketball Tournament ("pit") to provide college scholarships to local high school students, provide charitable contributions to community organizations, and showcase the city of Portsmouth.
Also known as...
Mahlon Parker JR; Robert Stanley
Total revenues
$244,965
2024
Total expenses
$235,067
2024
Total assets
$495,010
2024
Num. employees
0
2024

Program areas at Portsmouth Invitational Tournament Foundation

Host the annual Portsmouth Invitational basketball Tournament ("pit"). The purpose of the Tournament is to provide college scholarships to local high school students, provide chartiable contributions to community organizations, showcase the city of Portsmouth and benefit the local economy.

Financials for Portsmouth Invitational Tournament Foundation

RevenuesFYE 06/2024
Total grants, contributions, etc.$25,000
Program services$217,133
Investment income and dividends$2,832
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$244,965

Form 990s for Portsmouth Invitational Tournament Foundation

Fiscal year endingDate received by IRSFormPDF link
2024-062025-03-12990View PDF
2023-062024-05-30990View PDF
2022-062023-06-20990View PDF
2021-062022-05-16990View PDF
2020-062021-06-30990View PDF
...and 10 more Form 990s
Data update history
August 14, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 2, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 24, 2023
Updated personnel
Identified 5 new personnel
July 22, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Amateur sports clubsSports organizations
Issues
EducationHuman servicesSports
Characteristics
State / local levelReceives government fundingProvides scholarshipsFundraising races, competitions, and tournamentsNo full-time employees
General information
Address
5606 Greenefield Dr South
Portsmouth, VA 23703
Metro area
Virginia Beach-Norfolk-Newport News, VA-NC
County
Portsmouth city, VA
Website URL
portsmouthinvitational.com/ 
Phone
(757) 647-2270
IRS details
EIN
04-3650760
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
N60: Amateur Sports Clubs, Leagues
NAICS code, primary
7113: Promoters of Performing Arts, Sports, and Similar Events
Parent/child status
Independent
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