Glencoe Athletic Foundation INC FY2021 filing

Tax-deductible

Gadsden, AL501(c)(3)Recreation & SportsEIN 45-2956056Revenue $211K in FY2021

On file with the IRSPo Box 8273, 35902-8273 · Gadsden, ALTax-exempt since Aug 2012Publicly supported charity — 170(b)(1)(A)(vi)

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To provide administrative, organizational and financial support to the Athletic programs offered at Glencoe high school and Glencoe middle school.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $10K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$211K
Spent
$150K
To programs
86%
Net assets
$275K
By yearFY2021–FY2025
Revenue
$211K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$211K
FY2022$170K
FY2023$210K
FY2024$177K
FY2025$204K
Expenses
$150K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$150K
FY2022$162K
FY2023$212K
FY2024$193K
FY2025$203K
Net assets
$275K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$275K
FY2022$283K
FY2023$281K
FY2024$264K
FY2025$265K

From the FY2021 Form 990 (year ending May 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $129K Management & general 2% · $3K Fundraising 12% · $18K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Glencoe Athletic Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports athletic programs at Glencoe High and Middle Schools with administrative, organizational, and financial help.

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Provided by the organization

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1 program · $129K · in their own filed words · FY2020
01

To provide administrative, organizational and financial support to the athletic programs offered at glencoe high school and glencoe middle school.

$129Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$211K
Ln 12
Fees for servicesLn 2g$86K
Gifts and grantsLn 1h$82K
Other incomeLn 4–11$42K
Money outPt IX
$150K
Ln 25
Programscol B$129K
Managementcol C$3K
Fundraisingcol D$18K
Owns and owesPt X
$275K
net assets · Ln 32
Cash and savingsLn 1–2$50K
Total assetsLn 16$275K
LiabilitiesLn 26$0
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$82K
Government grantsLn 1e$82K
Fees for servicesLn 2g$86K
Other incomeLn 4–11$42K
Total revenueLn 12$211K
Assets in detailPt X, end of year
CashLn 1$50K
Cash and savings togetherLn 1–2$50K
Land, buildings, equipmentLn 10c$225K
Other assetsLn 15$100
Total assetsLn 16$275K
LiabilitiesLn 26$0
Net assetsLn 32$275K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$35K$50K
Land, buildings, equipmentLn 10c$235K$225K
Total assetsLn 16$270K$275K
LiabilitiesLn 26$56K$0
Net assetsLn 32$214K$275K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Office expensesLn 13$117$117
Depreciation, depletion and amortizationLn 22$10K$10K
Other expenses (24a–d)Ln 24$137K$119K$18K
All other expensesLn 24e$870$665$205
Total functional expensesLn 25$150K$129K$3K$18K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $204K$203K$993$265K 990 PDF
FY2024 $177K$193K−$16K$264K 990 PDF
FY2023 $210K$212K−$3K$281K 990 PDF
FY2022 $170K$162K$9K$283K 990 PDF
FY2021 Viewing $211K$150K$61K$275K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $210,857 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $20,000$82,465
I-9 Program service revenuePrior year $37,354$86,052
I-10 Investment income$0
I-11 Other revenuePrior year $50,047$42,340
I-12 Total revenuePrior year $107,401$210,857
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $88,011$150,138
I-18 Total expensesPrior year $88,011$150,138
I-19 Revenue less expensesPrior year $19,390$60,719
Part VI · Governance 15 of 15 board members independent, 3 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $210,857 across 5 lines filed
VIII-1e Government grants$82,465
VIII-1h Total contributions, gifts and grants$82,465
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $86,052$86,052
VIII-8 Net income from fundraising events$42,340
VIII-12 Total revenueRelated to mission $86,052$210,857
Part IX · Statement of functional expenses $150,138 across 5 lines filed
IX-11c Accounting feesManagement $2,200$2,200
IX-13 Office expensesManagement $117$117
IX-22 Depreciation, depletion and amortizationPrograms $9,678$9,678
IX-24 Other expenses (24a–d)Programs $118,821 · Fundraising $18,452$137,273
IX-24e All other expensesPrograms $665 · Management $205$870
IX-25 Total functional expensesPrograms $129,164 · Management $2,522 · Fundraising $18,452$150,138
Part X · Balance sheet $274,652 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $35,477$49,649
X-10c Land, buildings and equipment, netStart of year $234,581$224,903
X-15 Other assetsStart of year $100$100
X-16 Total assetsStart of year $270,158$274,652
X-26 Total liabilitiesStart of year $56,225$0
X-27 Net assets without donor restrictionsStart of year $213,933$274,652
X-32 Total net assets or fund balancesStart of year $213,933$274,652
X-33 Total liabilities and net assetsStart of year $270,158$274,652
Part XI · Reconciliation of net assets $274,652 net assets at year end
XI-1 Total revenue$210,857
XI-2 Total expenses$150,138
XI-3 Revenue less expenses$60,719
XI-4 Net assets at start of year$213,933
XI-10 Net assets at end of year$274,652

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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