Athletic Factory INC

Tax-deductible

Port Huron, MI501(c)(3)Youth DevelopmentEIN 61-1850568Revenue $398K in FY2024

On file with the IRStheathleticfactory.org1517 10th St, 48060-5814 · Port Huron, MITax-exempt since Feb 2018Publicly supported — 509(a)(2)

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To create recreational opportunities that support the positive development of st clair county and surrounding counties youth through Athletic participation and competition, educational tutoring, and student-athlete college preparation. Also, provide opportunities for youth who desire to participate in higher level sports to have access to specialized sports specific training and a platform for competitive travel sports.

501(c)(3) charity; gifts are tax-deductible.
58¢ of each $1 spent went to programs.
Run by 8 volunteers and 7 employees.
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 3
filings with a surplus
Average surplus $20K a year · 5% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$94K
to officers and key staff · 22% of spending
Top officer’s pay higher than 75% of similar orgs
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $76K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$46K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 10 voting members
Looks good: 8 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$398K
-14% vs prior year
Spent
$434K
To programs
58%
Net assets
$140K
By yearFY2020–FY2024
Revenue
$398K
FY2024▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2020$67K
FY2021$166K
FY2022$235K
FY2023$461K
FY2024$398K
Expenses
$434K
FY2024▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$209K
FY2023$393K
FY2024$434K
Net assets
$140K
FY2024▼ -20%
Tap a bar for its year
Net assets by fiscal year
FY2020$39K
FY2021$82K
FY2022$107K
FY2023$176K
FY2024$140K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2018.

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

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $250K Management & general 39% · $168K Fundraising 4% · $16K

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

10 people listed on the 990; $94K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$83,500Pt VII · Sec A
Assistant Di
$10,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Cliff Thomason’s $84K as Executive Di is at the 75th percentile of top reported officer pay among 1992 $100K–1M youth development 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

NameFY2024FY2023FY2022
Cliff Thomason$83,500$72,500$46,077
Marion Stewart$10,000——

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

Supports youth development through sports, tutoring, and college preparation, offering advanced training and travel opportunities.

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Provided by the organization

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2 programs · $196K · in their own filed words · FY2024
01

To create recreational opportunities that support the positive development of ST clair county and surrounding counties youth through athletic participation and competition. Also, provide opportunities for youth who desire to participate in higher level sports to have access to specialized sports specific training and a platform for…

$148Kprogram expense
02

To create recreational and advancement opportunities that support the positive development of ST clair county and surrounding counties youth through educational tutoring and student-athlete college preparation.

$48Kprogram 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 1 funder$76K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$398K
Ln 12
Gifts and grantsLn 1h$230K
Fees for servicesLn 2g$167K
Investment incomeLn 3$30
Money outPt IX
$434K
Ln 25
Programscol B$250K
Managementcol C$168K
Fundraisingcol D$16K
Owns and owesPt X
$140K
net assets · Ln 32
Cash and savingsLn 1–2$123K
Total assetsLn 16$186K
LiabilitiesLn 26$46K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$230K
Fees for servicesLn 2g$167K
Investment incomeLn 3$30
Total revenueLn 12$398K
Assets in detailPt X, end of year
SavingsLn 2$123K
Cash and savings togetherLn 1–2$123K
Land, buildings, equipmentLn 10c$63K
Total assetsLn 16$186K
LiabilitiesLn 26$46K
Net assetsLn 32$140K
OperationsPt I, VI
EmployeesI 57
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$154K$123K
Land, buildings, equipmentLn 10c$29K$63K
Total assetsLn 16$183K$186K
LiabilitiesLn 26$7K$46K
Net assetsLn 32$176K$140K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$107K$13K$94K
Payroll taxesLn 10$10K$10K
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$11K$11K
Information technologyLn 14$3K$3K$28
OccupancyLn 16$25K$2K$23K
TravelLn 17$15K$10K$5K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$54K$54K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$91K$75K$16K
All other expensesLn 24e$96K$84K$12K
Total functional expensesLn 25$434K$250K$168K$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $398K$434K−$36K$140K 990 PDF
FY2023 $461K$393K$69K$176K 990 PDF
FY2022 $235K$209K$26K$107K 990 PDF
FY2021 $166K$82K 990 PDF
FY2020 $67K$39K 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 $397,563 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $335,867$230,043
I-9 Program service revenuePrior year $125,395$167,490
I-10 Investment incomePrior year $33$30
I-11 Other revenue$0
I-12 Total revenuePrior year $461,295$397,563
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $90,441$116,267
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $302,348$317,239
I-18 Total expensesPrior year $392,789$433,506
I-19 Revenue less expensesPrior year $68,506−$35,943
Part VI · Governance 8 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $397,563 across 5 lines filed
Lines not itemized here account for $4,196 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$230,043
VIII-1h Total contributions, gifts and grants$230,043
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $163,294$163,294
VIII-3 Investment incomeRelated to mission $30$30
VIII-12 Total revenueRelated to mission $167,520$397,563
Part IX · Statement of functional expenses $433,506 across 13 lines filed
IX-7 Other salaries and wagesPrograms $13,104 · Management $93,500$106,604
IX-10 Payroll taxesPrograms $9,663$9,663
IX-11c Accounting feesManagement $4,580$4,580
IX-12 Advertising and promotionManagement $9,351$9,351
IX-13 Office expensesManagement $11,273$11,273
IX-14 Information technologyPrograms $2,935 · Management $28$2,963
IX-16 OccupancyPrograms $2,361 · Management $23,088$25,449
IX-17 TravelPrograms $9,688 · Management $4,963$14,651
IX-20 InterestManagement $2,917$2,917
IX-22 Depreciation, depletion and amortizationPrograms $53,830$53,830
IX-23 InsuranceManagement $5,781$5,781
IX-24 Other expenses (24a–d)Programs $75,049 · Fundraising $15,611$90,660
IX-24e All other expensesPrograms $83,692 · Management $12,092$95,784
IX-25 Total functional expensesPrograms $250,322 · Management $167,573 · Fundraising $15,611$433,506
Part X · Balance sheet $186,470 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $154,033$123,223
X-10c Land, buildings and equipment, netStart of year $29,161$63,247
X-16 Total assetsStart of year $183,195$186,470
X-25 Other liabilitiesStart of year $7,194$46,411
X-26 Total liabilitiesStart of year $7,194$46,411
X-27 Net assets without donor restrictionsStart of year $176,001$140,059
X-32 Total net assets or fund balancesStart of year $176,001$140,059
X-33 Total liabilities and net assetsStart of year $183,195$186,470
Part XI · Reconciliation of net assets $140,059 net assets at year end
XI-1 Total revenue$397,563
XI-2 Total expenses$433,506
XI-3 Revenue less expenses−$35,943
XI-4 Net assets at start of year$176,001
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$140,059

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

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