Financial Information

Disclosure

The Side-Out Foundation is a Virginia based 501(c)(3) non-profit organization with a serving Board of Directors and Advisors from the healthcare sector to provide oversight and guidance regarding the strategic direction and recommended allocation of donations and grants. All donations are recorded on the online system each calendar year and available upon request to [email protected]. Side-Out’s operating budget limits general and administrative expenses to strictly overhead costs in sponsoring these volleyball related fundraising activities.  The members of the board receive no remuneration, and our goal is to obtain sponsorships to defray tournament overhead costs. With the generosity of corporate sponsors, we can allocate 100% of funds generated by our volleyball events.  A financial review is conducted at the end of each calendar year to determine the specific amounts available to donate after expenses. Recipients will be notified prior to any public release. All donations are tax-deductible. Donors will receive official notification in writing from the foundation for all contributions of $500.00 or more.

 

Legal Entity: The Side-Out Foundation is a Virginia based 501(c)(3) non-profit organization with a serving Board of Directors and Advisors. Tax ID. # 20-251-0044.

All donations are tax-deductible.

**Because The Side-Out Foundation designed its own fundraising system, there are no transaction charges for the use of extraneous charity software. The only charge deducted from each donation is a standard bank fee equivalent to approximately 2.1% of the donation for each transaction.

Basic Tax Information

Tax Returns


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