Solon Athletic Boosters EIN 34-1255058 Form 990 (PDF) Claim this org

Solon Athletic Boosters

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Funds athletic programs for high schools. For fiscal year 2024 it reported $88K in revenue, $106K in expenses, and $87K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Solon, OH
Filings
4 on file (2021–2024)
Revenue
$88KFY2024
Expenses
$106K
Net assets
$87K
People
5
Filings
4
Updates
0
More identity details & actions ⌄
EIN  34-1255058 Public charity (501(c)(3)) Solon, OH
Form 990 (PDF)
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Size
<$100K
What they do
Funds athletic programs for high schools.
Leadership
Robert Farley · President
Money in and out
$88K revenue, $106K expenses
Bottom line
98% program efficiency
Where the money goes · FY2024
Total revenue
$88K
Pt VIII · Ln 12
Total expenses
$106K
Pt IX · Ln 25
Net assets
$87K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$18K
Where spending went · Part IX cols B–D
Program services $0.98 Fundraising $0.02
Program efficiency
98%
of spending reaches programs
Operating runway
10.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-20%
revenue over expenses, this year▼ -382% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$88K
FY2024▼ -43%
Expenses
$106K
FY2024▼ -26%
Total assets
$94K
FY2024▼ -14%
Total liabilities
$7K
FY2024▲ +133%
Total revenue
$88K
Pt VIII · Ln 12
Total expenses
$106K
Pt IX · Ln 25
Net assets
$87K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$18K
Total assetsPt X · Ln 16$94K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 3390
Independent voting membersPt I · Ln 4390

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSolon Athletic Boosters
EINHdr · item D34-1255058
Principal addressHdr · item CSolon, OH
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B25I)
Ruling yearIRS BMFJan 1979

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a390
Independent voting membersPt VI · Ln 1b390
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $92K of program spending, described in the organization's own filed words · FY2023.
01

The solon athletic boosters is an exempt organization which supports athletic programs and provides scholarships at solon high school located in solon, oh

$92Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$52K · 59%
Contributions & grants$36K · 41%
Other revenue59%$52K
Contributions & grants41%$36K
Total revenueLn 12$88K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Fundraising $0.02
Program services98%$104K
Fundraising2%$2K
Total functional expensesLn 25$106K

Balance Sheet

Part X · end of year
CashLn 1$94K
Total assetsLn 16$94K
Total liabilitiesLn 26$7K
Total net assetsLn 32$87K
Months of cash on handcomputed10.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $94K · Operating expenses/yr $106K
10.6 months
Where the money goes
Program services
Program services $104K · Total expenses $106K
98%
Management & General
Management & general $0 · Total expenses $106K
0%
Fundraising
Fundraising $2K · Total expenses $106K
2%
Cost to raise $1
Fundraising expense (2-yr avg) $14K · Solicited contributions (2-yr avg) $92K
$0.15 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $36K · Total revenue $88K
41%
Government reliance
Government grants — · Total revenue $88K
Earned-income share
Program service revenue $0 · Total revenue $88K
0%
Investment reliance
Investment income $0 · Total revenue $88K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $106K
0%
Growth & trend
Revenue growth (YoY)
This year $88K · Prior year $154K
-43%
Net-asset trend (YoY)
End of year $87K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $88K · Expenses $106K
-20%
Liabilities-to-Assets
Total liabilities — · Total assets $94K
Net-asset ratio
Net assets $87K · Total assets $94K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $94K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Robert Farley · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $106K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $106K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 0%
Fundraising cost ratio 5%
Revenue growth -43%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$88K revenue · viewing · ⤓ 990 PDF
FY2023$154K revenue · ⤓ 990 PDF
FY2022$236K revenue · ⤓ 990 PDF
FY2021$50K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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