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Georgia Soccer Development Foundation INC

Tax-deductible

Atlanta, GA501(c)(3)Recreation & Sports EIN 58-2277743Revenue $242K in FY2023Latest return filed Jul 16, 2024

On file with the IRSgeorgiasportspark.com860 Johnson Ferry Rd Suite 140-329, 30342-1488 · Atlanta, GATax-exempt since Apr 1997Publicly supported charity — 170(b)(1)(A)(vi)

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The Georgia Soccer Development foundation's mission is to promote healthy habits by facilitating a variety of sports programs for the local community, provide a family-friendly and safe location for sports programs, contribute to the personal Development of youth and adults in the local community through the experiences and leassons learned through sports, create opportunity and support for local programs by donating field and classroom space for their use, generate a positive economic impact in the community by providing jobs when events are hosted at gsp, and serve as a model for other sports parks wanting to operate and maintain high quality sports fields in a sustainable fashion.

501(c)(3) charity; gifts are tax-deductible.
92¢ 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

FY2023 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $79K a year · 17% 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
92%
of spending
Looks good: 92% 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: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $113K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.02% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$242K
+24% vs prior year
Spent
$382K
To programs
92%
Net assets
$5.2M
By yearFY2020–FY2023
Revenue
$242K
FY2023▲ +24%
Tap a bar for its year
Revenue by fiscal year
FY2020$339K
FY2021$1.1M
FY2022$196K
FY2023$242K
Expenses
$382K
FY2023▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$294K
FY2021$491K
FY2022$416K
FY2023$382K
Net assets
$5.2M
FY2023▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.9M
FY2021$5.6M
FY2022$5.4M
FY2023$5.2M

From the FY2023 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Apr 1997.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $350K Management & general 8% · $32K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Steve Gaultney
Vice Chair
$0Pt VII · Sec A
Adam Fuller
Secretary/Treasurer
$0Pt VII · Sec A
Will Hazleton
Board Member
$0Pt VII · Sec A
Boris Jerkunica
Board Member
$0Pt VII · Sec A
Jody Young
Board Member
$0Pt VII · Sec A
H John Elliot
Board Member
$0Pt VII · Sec A
Gregg Blasingame
Board Member/Gsp Gm
$0Pt VII · Sec A
See Georgia Soccer Development 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

Promotes healthy habits and youth development through community sports programs and facility support.

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Provided by the organization

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1 program · $350K · in their own filed words · FY2023
01

The organization focuses on the development, maintenance, and offering of field space, by providing a world-class facility for youth and adult usage in the community. The georgia soccer park acts as a sports hub for the hundreds of thousands of children and adults in georgia who need a place to play their sports, simultaneously reaching…

$350Kprogram 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
Atlanta Concorde Fire Soccer Association INCFY2023$113K
Total grants receivedfrom 1 funder$113K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$242K
Ln 12
Fees for servicesLn 2g$143K
Other incomeLn 4–11$99K
Money outPt IX
$382K
Ln 25
Programscol B$350K
Managementcol C$32K
Owns and owesPt X
$5.2M
net assets · Ln 32
Cash and savingsLn 1–2$21K
Total assetsLn 16$5.2M
LiabilitiesLn 26$1K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$143K
Other incomeLn 4–11$99K
Total revenueLn 12$242K
Assets in detailPt X, end of year
CashLn 1$21K
Cash and savings togetherLn 1–2$21K
Land, buildings, equipmentLn 10c$5.2M
Total assetsLn 16$5.2M
LiabilitiesLn 26$1K
Net assetsLn 32$5.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$6K$21K
Land, buildings, equipmentLn 10c$5.4M$5.2M
Total assetsLn 16$5.4M$5.2M
LiabilitiesLn 26$8K$1K
Net assetsLn 32$5.4M$5.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$81K$76K$4K
Advertising and promotionLn 12$1K$1K
OccupancyLn 16$9K$9K
Depreciation, depletion and amortizationLn 22$169K$152K$17K
InsuranceLn 23$23K$21K$2K
Other expenses (24a–d)Ln 24$92K$92K
Total functional expensesLn 25$382K$350K$32K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS Jul 16, 2024 $242K$382K−$140K$5.2M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $196K$416K−$220K$5.4M 990 PDF
FY2021Filed with the IRS Nov 11, 2022 $1.1M$491K$632K$5.6M 990 PDF
FY2020Filed with the IRS Nov 12, 2021 $339K$294K$45K$4.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $242,400 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $95,000$143,000
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $101,020$99,400
I-12 Total revenuePrior year $196,020$242,400
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $416,035$382,485
I-18 Total expensesPrior year $416,035$382,485
I-19 Revenue less expensesPrior year −$220,015−$140,085
Part VI · Governance 7 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
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 $242,400 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $143,000$143,000
VIII-6 Net rental income or lossRelated to mission $99,400$99,400
VIII-12 Total revenueRelated to mission $242,400 · Unrelated business $0 · Excluded from tax $0$242,400
Part IX · Statement of functional expenses $382,485 across 8 lines filed
IX-11b Legal feesManagement $2,084$2,084
IX-11c Accounting feesManagement $5,195$5,195
IX-11g Other fees for servicesPrograms $76,224 · Management $4,414$80,638
IX-12 Advertising and promotionManagement $1,440$1,440
IX-16 OccupancyPrograms $8,672$8,672
IX-22 Depreciation, depletion and amortizationPrograms $152,167 · Management $16,907$169,074
IX-23 InsurancePrograms $20,612 · Management $2,290$22,902
IX-24 Other expenses (24a–d)Programs $92,480$92,480
IX-25 Total functional expensesPrograms $350,155 · Management $32,330 · Fundraising $0$382,485
Part X · Balance sheet $5,212,534 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $6,215$21,367
X-10c Land, buildings and equipment, netStart of year $5,353,239$5,191,167
X-16 Total assetsStart of year $5,359,454$5,212,534
X-17 Accounts payable and accrued expensesStart of year $7,835$1,000
X-26 Total liabilitiesStart of year $7,835$1,000
X-32 Total net assets or fund balancesStart of year $5,351,619$5,211,534
X-33 Total liabilities and net assetsStart of year $5,359,454$5,212,534
Part XI · Reconciliation of net assets $5,211,534 net assets at year end
XI-1 Total revenue$242,400
XI-2 Total expenses$382,485
XI-3 Revenue less expenses−$140,085
XI-4 Net assets at start of year$5,351,619
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,211,534

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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