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Cf Academy INC FY2022 filing

Tax-deductible

Chattanooga, TN501(c)(3)Recreation & SportsEIN 46-3083492Revenue $896K in FY2022

On file with the IRSchattanoogasoccer.com436 Market Street Suite 204, 37402-1203 · Chattanooga, TNTax-exempt since Oct 2014Publicly supported — 509(a)(2)

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To create progressive and innovative opportunities for youth to grow and excel in soccer skills, in the delight of play, in the discipline of team work, and in the benefits of dedication ot the sport.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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 5
filings with a surplus
Average deficit $8K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $76
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$318K
90% of total assets
Concern: liabilities are 90% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$896K
+10% vs prior year
Spent
$929K
To programs
88%
Net assets
$34K
By yearFY2020–FY2024
Revenue
$896K
FY2022▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$610K
FY2021$814K
FY2022$896K
FY2023$885K
FY2024$977K
Expenses
$929K
FY2022▲ +38%
Tap a bar for its year
Expenses by fiscal year
FY2020$541K
FY2021$675K
FY2022$929K
FY2023$900K
FY2024$1.2M
Net assets
$34K
FY2022▼ -49%
Tap a bar for its year
Net assets by fiscal year
FY2020−$71K
FY2021$67K
FY2022$34K
FY2023$19K
FY2024−$147K

From the FY2022 Form 990 (year ending July 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 2014.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $818K Management & general 8% · $71K Fundraising 4% · $40K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Jeremy Alumbaugh
Cfc Managing
$0Pt VII · Sec A
Brian Hooper
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Mark Harrison
President
$0Pt VII · Sec A
Mark Randolph
Vice Preside
$0Pt VII · Sec A
See Cf Academy 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

Develops youth soccer skills through fun, teamwork, and dedication.

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Provided by the organization

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1 program · $818K · in their own filed words · FY2021
01

Practice soccer, games and soccer tournaments

$818Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Amazonsmile FoundationFY2023$76
Total grants receivedfrom 1 funder$76

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$896K
Ln 12
Gifts and grantsLn 1h$494K
Fees for servicesLn 2g$385K
Other incomeLn 4–11$17K
Money outPt IX
$929K
Ln 25
Programscol B$818K
Managementcol C$71K
Fundraisingcol D$40K
Owns and owesPt X
$34K
net assets · Ln 32
Cash and savingsLn 1–2$335K
Total assetsLn 16$353K
LiabilitiesLn 26$318K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$494K
Fees for servicesLn 2g$385K
Investment incomeLn 3$88
Other incomeLn 4–11$17K
Total revenueLn 12$896K
Assets in detailPt X, end of year
CashLn 1$335K
Cash and savings togetherLn 1–2$335K
Total assetsLn 16$353K
LiabilitiesLn 26$318K
Net assetsLn 32$34K
OperationsPt I, VI
EmployeesI 571
VolunteersI 650
Fiscal year endsHeaderJuly
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 FY22End FY22
Cash and savingsLn 1–2$332K$335K
Total assetsLn 16$375K$353K
LiabilitiesLn 26$308K$318K
Net assetsLn 32$67K$34K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$573K$488K$45K$40K
Office expensesLn 13$39K$29K$10K
Information technologyLn 14$6K$4K$2K$205
OccupancyLn 16$12K$12K
InsuranceLn 23$23K$22K$1K
Other expenses (24a–d)Ln 24$247K$247K
All other expensesLn 24e$29K$29K
Total functional expensesLn 25$929K$818K$71K$40K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $977K$1.2M−$202K−$147K 990 PDF
FY2023 $885K$900K−$15K$19K 990 PDF
FY2022 Viewing $896K$929K−$33K$34K 990 PDF
FY2021 $814K$675K$139K$67K 990 PDF
FY2020 $610K$541K$69K−$71K 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 FY2022 990 (6 parts)
Part I · Summary $895,978 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $111,385$493,691
I-9 Program service revenuePrior year $683,179$385,190
I-10 Investment incomePrior year $37$88
I-11 Other revenuePrior year $19,804$17,009
I-12 Total revenuePrior year $814,405$895,978
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $440,216$573,384
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $235,252$355,572
I-18 Total expensesPrior year $675,468$928,956
I-19 Revenue less expensesPrior year $138,937−$32,978
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $895,978 across 6 lines filed
VIII-1b Membership dues$493,691
VIII-1h Total contributions, gifts and grants$493,691
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $385,190$385,190
VIII-3 Investment incomeRelated to mission $88$88
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $17,009$17,009
VIII-12 Total revenueRelated to mission $402,287$895,978
Part IX · Statement of functional expenses $928,956 across 7 lines filed
IX-7 Other salaries and wagesPrograms $487,862 · Management $45,311 · Fundraising $40,211$573,384
IX-13 Office expensesPrograms $28,719 · Management $9,885$38,604
IX-14 Information technologyPrograms $3,883 · Management $2,141 · Fundraising $205$6,229
IX-16 OccupancyManagement $12,000$12,000
IX-23 InsurancePrograms $22,015 · Management $1,355$23,370
IX-24 Other expenses (24a–d)Programs $246,853$246,853
IX-24e All other expensesPrograms $28,516$28,516
IX-25 Total functional expensesPrograms $817,848 · Management $70,692 · Fundraising $40,416$928,956
Part X · Balance sheet $352,921 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $332,338$335,333
X-4 Accounts receivableStart of year $25,353$11,028
X-9 Prepaid expenses and deferred chargesStart of year $17,295$6,560
X-16 Total assetsStart of year $374,986$352,921
X-17 Accounts payable and accrued expensesStart of year $5,410$16,128
X-19 Deferred revenueStart of year $302,127$302,321
X-26 Total liabilitiesStart of year $307,537$318,449
X-27 Net assets without donor restrictionsStart of year $67,449$34,472
X-32 Total net assets or fund balancesStart of year $67,449$34,472
X-33 Total liabilities and net assetsStart of year $374,986$352,921
Part XI · Reconciliation of net assets $34,472 net assets at year end
XI-1 Total revenue$895,978
XI-2 Total expenses$928,956
XI-3 Revenue less expenses−$32,978
XI-4 Net assets at start of year$67,449
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$34,472

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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