Fire in the Ring Boxing INC

Tax-deductible

Daly City, CA501(c)(3)Recreation & SportsEIN 47-1714973Revenue $252K in FY2024

On file with the IRS2600 Geneva Ave, 94014-1554 · Daly City, CATax-exempt since Feb 2015Publicly supported charity — 170(b)(1)(A)(vi)

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ToBuildSportsmanshp&Confidence

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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 4
filings with a surplus
Average surplus $704 a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $28K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$252K
-13% vs prior year
Spent
$259K
To programs
90%
Net assets
$14K
By yearFY2020–FY2024
Revenue
$252K
FY2024▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2020$102K
FY2021$220K
FY2022$233K
FY2023$290K
FY2024$252K
Expenses
$259K
FY2024▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$184K
FY2022$273K
FY2023$275K
FY2024$259K
Net assets
$14K
FY2024▼ -34%
Tap a bar for its year
Net assets by fiscal year
FY2020$11K
FY2021$46K
FY2022$7K
FY2023$21K
FY2024$14K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2015.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $233K Management & general 10% · $26K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Presidentexecdirector
$0Pt VII · Sec A
Chief Operations Officer
$0Pt VII · Sec A
Treasurersecretary
$0Pt VII · Sec A

Jimmy D Ford’s $32K as Presidentexecdirector is at the 47th percentile of top reported officer pay among 1017 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2021FY2020
Jimmy D Ford$32,500$28,560$14,150
Clyde Sison$22,200$19,000$25,530

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Fire in the Ring Boxing INC is a recreation and sports nonprofit based in Daly City, CA.

Provided by the organization

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1 program · $233K · in their own filed words · FY2024
01

The Program is designed to build confidence, sportmanship and leadership for Boys and Girls ages 6-17. To teach youth the value of hard work through the sport of boxing. We have 150 youth participants. Our youth are never required to pay any Program Fees.

$233Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$28K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$252K
Ln 12
Gifts and grantsLn 1h$252K
Money outPt IX
$259K
Ln 25
Programscol B$233K
Managementcol C$26K
Owns and owesPt X
$14K
net assets · Ln 32
Cash and savingsLn 1–2$14K
Total assetsLn 16$14K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$252K
Total revenueLn 12$252K
Assets in detailPt X, end of year
CashLn 1$14K
Cash and savings togetherLn 1–2$14K
Total assetsLn 16$14K
LiabilitiesLn 26$0
Net assetsLn 32$14K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$21K$14K
Total assetsLn 16$21K$14K
LiabilitiesLn 26$0$0
Net assetsLn 32$21K$14K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$82K$66K$16K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$10K$7K$4K
Office expensesLn 13$3K$3K
OccupancyLn 16$82K$82K
TravelLn 17$15K$15K
Other expenses (24a–d)Ln 24$51K$51K
All other expensesLn 24e$13K$13K$126
Total functional expensesLn 25$259K$233K$26K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $252K$259K−$7K$14K 990 PDF
FY2023 $290K$275K$15K$21K 990 PDF
FY2022 $233K$273K−$40K$7K 990 PDF
FY2021 $220K$184K$35K$46K 990 PDF
FY2020 $102K$11K 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 (6 parts)
Part I · Summary $251,819 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $295,516$251,819
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year −$5,998$0
I-12 Total revenuePrior year $289,518$251,819
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $62,800$82,350
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $211,938$176,796
I-18 Total expensesPrior year $274,738$259,146
I-19 Revenue less expensesPrior year $14,780−$7,327
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $251,819 across 4 lines filed
VIII-1f All other contributions, gifts and grants$251,819
VIII-1h Total contributions, gifts and grants$251,819
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$251,819
Part IX · Statement of functional expenses $259,146 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $65,880 · Management $16,470$82,350
IX-11c Accounting feesManagement $2,850$2,850
IX-11g Other fees for servicesPrograms $6,575 · Management $3,883$10,458
IX-13 Office expensesManagement $2,966$2,966
IX-16 OccupancyPrograms $81,519$81,519
IX-17 TravelPrograms $14,517$14,517
IX-24 Other expenses (24a–d)Programs $51,072$51,072
IX-24e All other expensesPrograms $13,288 · Management $126$13,414
IX-25 Total functional expensesPrograms $232,851 · Management $26,295 · Fundraising $0$259,146
Part X · Balance sheet $13,978 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $21,305$13,978
X-16 Total assetsStart of year $21,305$13,978
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $21,305$13,978
X-33 Total liabilities and net assetsStart of year $21,305$13,978
Part XI · Reconciliation of net assets $13,978 net assets at year end
XI-1 Total revenue$251,819
XI-2 Total expenses$259,146
XI-3 Revenue less expenses−$7,327
XI-4 Net assets at start of year$21,305
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$13,978

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

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