Public Charity

PORTSMOUTH INVITATIONAL TOURNAMENT FOUNDATION INC C/O ROBERT STANLEY

PORTSMOUTH INVITATIONAL TOURNAMENT FOUNDATION INC C/O ROBERT STANLEY is a Public Charity headquartered in PORTSMOUTH, VA. Financial data from the 2025 filing: $317K revenue, $218K expenses, $595K total assets.

EIN: 043650760 PORTSMOUTH, VA Amateur Sports Competitions NTEE: N70 Latest filing: 2025
Total Revenue$317K
Total Expenses$218K
Total Assets$595K
Grant Records0
Filing Years2021–2025

Mission

RAISE FUNDS FROM ACTIVITIES SUCH AS THE PORTSMOUTH INVITATIONAL TOURNAMENT. FUNDS RAISED SHALL BE GIVEN FOR CHARITABLE PURPOSES TO NONPROFIT COMMUNITY ORGANIZATIONS & FOR SCHOLARSHIPS TO DESERVING STUDENT ATHLETES GRADUATING FROM LOCAL HIGH SCHOOLS.

Where $100 goes at Portsmouth Invitational Tournament Foundation Inc C/O Robert Stanley

How Portsmouth Invitational Tournament Foundation Inc C/O Robert Stanley divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$100 Programs the work itself
<$1 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $100 for programs

$100
Host the annual Portsmouth invitational basketball tournament ("pit")
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Alyssa Scripter
RECORDING SE Angela Bovee
CO-VICE CHAI Clifford Sayles
DIRECTOR Clifton Jones
DIRECTOR Eddie Harris
DIRECTOR Jack Ankerson

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2025 $317K $218K $595K
2024 $245K $235K $495K
2023 $266K $232K $485K
2022 $152K $204K $451K
2021 $37K $75K $504K

Between 2021 and 2025, reported annual revenue grew from $37K to $317K (+762%), with total assets most recently reported at $595K.

Interactive year-over-year charts and full filing details available with membership.

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