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Caad Foundation INC FY2024 filing

Tax-deductible

Cheshire, CT501(c)(3)Since 2012EducationEIN 46-0945771

Promotion of the importance of high school athletics; improvement of relationships between athletes and athletic programs throughout connecticut schools; presentation of opportunities for exchange of ideas of mutual problems and practices; creation of better unity and communications among all member schools; foster high standards of professional proficiency and ethics; act as a liason for the dissemination of pertinent.

501(c)(3) charity; gifts are tax-deductible.
47¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $99K a year · 73% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
47%
of spending
Concern: 47% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
198 mo
of spending, in cash
Looks good: 197.5 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
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$192K
+141% vs prior year
Spent
$57K
To programs
47%
Net assets
$988K
By yearFY2021–FY2024
Revenue
$192K
FY2024▲ +141%
Revenue by fiscal year
FY2021$79K
FY2024$192K
FY2024$113K
Expenses
$57K
FY2024▲ +250%
Expenses by fiscal year
FY2021$16K
FY2024$57K
FY2024$30K
Net assets
$988K
FY2024▲ +40%
Net assets by fiscal year
FY2021$707K
FY2024$988K
FY2024$1.1M

From the FY2024 Form 990 (year ending June 2024) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2012.

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

Where the money goes

47 cents of each dollar spent went to programs.

Program services 47% · $27K Management & general 53% · $30K

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Fred Balsamo
President
$0Pt VII · Sec A
Ken Marcucio
Treasurer
$0Pt VII · Sec A
Trish Witkin
Secretary
$0Pt VII · Sec A
See Caad 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 high school programs to encourage broad student participation and high standards.

Provided by the organization

This section is blank until Caad Foundation INC claims this page.

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1 program service, described in the organization's own filed words · FY2023.
01

Promotion of the importance of high school athletics; improvement of relationships between athletes and athletic programs throughout connecticut schools; presentation of opportunities for exchange of ideas of mutual problems and practices; creation of better unity and communications among all member schools; foster high standards of…

Pt IX · col B

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By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$192K
Ln 12
Fees for servicesLn 2g$133K
Other incomeLn 4–11$49K
Investment incomeLn 3$10K
Money outPt IX
$57K
Ln 25
Programscol B$27K
Managementcol C$30K
Owns and owesPt X
$988K
net assets · Ln 32
Cash and savingsLn 1–2$939K
Total assetsLn 16$988K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$133K
Investment incomeLn 3$10K
Other incomeLn 4–11$49K
Total revenueLn 12$192K
Assets in detailPt X, end of year
CashLn 1$124K
SavingsLn 2$814K
Cash and savings togetherLn 1–2$939K
Other assetsLn 15$49K
Total assetsLn 16$988K
LiabilitiesLn 26$0
Net assetsLn 32$988K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$853K$939K
Total assetsLn 16$853K$988K
LiabilitiesLn 26$0$0
Net assetsLn 32$853K$988K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$150$150
Conferences, conventions and meetingsLn 19$27K$27K
Other expenses (24a–d)Ln 24$30K$30K
Total functional expensesLn 25$57K$27K$30K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $192K$57K$135K$988K 990 PDF
FY2023 Not on file
FY2022 Not on file
FY2021 $79K$16K$63K$707K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $191,733 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $132,591$132,591
VIII-3 Investment incomeExcluded from tax $10,300$10,300
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $48,842$48,842
VIII-12 Total revenueRelated to mission $181,433 · Excluded from tax $10,300$191,733
Part IX · Statement of functional expenses $57,031 across 3 lines filed
IX-11b Legal feesPrograms $150$150
IX-19 Conferences, conventions and meetingsPrograms $26,810$26,810
IX-24 Other expenses (24a–d)Management $30,071$30,071
IX-25 Total functional expensesPrograms $26,960 · Management $30,071 · Fundraising $0$57,031
Part X · Balance sheet $987,504 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $98,746$124,306
X-2 Savings and temporary cash investmentsStart of year $754,056$814,356
X-15 Other assets$48,842
X-16 Total assetsStart of year $852,802$987,504
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $852,802$987,504
X-32 Total net assets or fund balancesStart of year $852,802$987,504
X-33 Total liabilities and net assetsStart of year $852,802$987,504
Part XI · Reconciliation of net assets $987,504 net assets at year end
XI-1 Total revenue$191,733
XI-2 Total expenses$57,031
XI-3 Revenue less expenses$134,702
XI-4 Net assets at start of year$852,802
XI-10 Net assets at end of year$987,504

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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