Vasa Inc

Overview

Vasa Inc, with an Employer Identification Number (EIN) of 62-1376706, is a nonprofit organization designated as a 501(c)(3) entity. It operates in the realm of recreation, sports, leisure, and athletics, specifically as a soccer club. Donations to Vasa Inc are tax-deductible.

Mission

The mission of Vasa Inc focuses on providing soccer training for children in Blount and surrounding counties. This indicates a commitment to fostering youth development through sports education.

Financials

According to Form 990 filings, Vasa Inc has varied its revenue streams over the years. In 2017, the organization reported total assets of $87,676, with minimal liabilities. Contributions made up a small percentage of revenue, while "Other Revenue" constituted a larger share. In previous years, such as 2016, contributions were even more limited, and the organization's assets were slightly higher at $92,492.

Governance and Compensation

Key employees and officers, including the president, vice president, registrar, treasurer, and secretary, have historically not received compensation for their roles. This suggests that the organization is run by volunteers or individuals not compensated through the nonprofit for their services.

Activities

As a soccer club, Vasa Inc likely engages in activities such as organizing matches, leagues, and training sessions for youth participants. However, specific details about its programs or achievements are not widely documented in available sources.

Legal Status

Vasa Inc is registered as a legitimate nonprofit organization, ensuring its compliance with relevant tax laws and regulations. This status underscores its commitment to serving the community through its defined mission.