Final Third Foundation EIN 81-4359966

Final Third Foundation FY2021 filing

EIN  81-4359966 Public charity (501(c)(3)) Columbus, OH
Form 990 (PDF)
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Size
$100K–1M
What they do
Develops youth through club soccer, fostering health, leadership, and community.
Leadership
Benjamin Levey · Executive Director · $8K
Money in and out
$138K revenue, $155K expenses
Bottom line
100% program efficiency

Develops youth through club soccer, fostering health, leadership, and community. For fiscal year 2021 it reported $138K in revenue, $155K in expenses, and $15K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$138K
Pt VIII · Ln 12
Total expenses
$155K
Pt IX · Ln 25
Net assets
$15K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$17K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
2.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-13%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$138K
FY2021▲ +16%
Expenses
$155K
FY2021▲ +47%
Total assets
$32K
FY2021▲ +1%
Total liabilities
$18K
FY2021
Total revenue
$138K
Pt VIII · Ln 12
Total expenses
$155K
Pt IX · Ln 25
Net assets
$15K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$17K
Total assetsPt X · Ln 16$32K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $155K of program spending, described in the organization's own filed words · FY2020.
01

Soccer & Literacy Program

In march 2020, the final third foundation's soccer & literacy after-school program wasrunning at eakin elementary for about 20 youth participants. It was cancelled due to COVID-19.FINAL third foundation set up a soccer & literacy virtual summer camp with urbanresurrection community development where it supported about 20 participants…

$81Kprogram expense
02

Columbus east FC, 5 total teams, supported only 4 boys teams and 1 girls team this past yeardue to COVID-19. There were a total of about 60 participants in the club. The foundationprovided 2 full scholarships and worked with parents if they needed to set up payment plans.

$60Kprogram expense
03

Environment Awareness Program (eap)

The eap includes the management and oversight of the easton sports park located at 4475 sunbury road, columbus, oh 43219.THE eap programs are being designed TO:1. Foster a connection to, and appreciation for, our surrounding ENVIRONMENTS,2. Introduce participants to gardening and nutrition, AND3.

$14Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFinal Third Foundation
EINHdr · item D81-4359966
Principal addressHdr · item CColumbus, OH
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N64)
Ruling yearIRS BMFMar 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$7,658Pt VII · Sec A
Asst. Board Chairman & Tre
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Benjamin Levey’s $85K as Executive Dir. is at the 87th percentile of top reported officer pay among 1018 $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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Benjamin Levey$85,423$86,452$80,000$32,096$7,658$4,352
Dave Hepler$3,600
Joe Macklin$630
Joseph Macklin$280

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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Statement of Revenue

Part VIII
Program service revenue$88K · 64%
Contributions & grants$50K · 36%
Program service revenue64%$88K
Contributions & grants36%$50K
Investment income$4
Total revenueLn 12$138K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$155K
Total functional expensesLn 25$155K

Balance Sheet

Part X · end of year
CashLn 1$32K
Total assetsLn 16$32K
Total liabilitiesLn 26$18K
Total net assetsLn 32$15K
Months of cash on handcomputed2.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $32K · Operating expenses/yr $155K
2.5 months
Where the money goes
Program services
Program services $155K · Total expenses $155K
100%
Management & General
Management & general $0 · Total expenses $155K
0%
Fundraising
Fundraising $0 · Total expenses $155K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $46K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $50K · Total revenue $138K
36%
Government reliance
Government grants — · Total revenue $138K
Earned-income share
Program service revenue $88K · Total revenue $138K
64%
Investment reliance
Investment income $4 · Total revenue $138K
0%
Program self-sufficiency
Program service revenue $88K · Total expenses $155K
57%
Growth & trend
Revenue growth (YoY)
This year $138K · Prior year $119K
+16%
Net-asset trend (YoY)
End of year $15K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $138K · Expenses $155K
-13%
Liabilities-to-Assets
Total liabilities — · Total assets $32K
Net-asset ratio
Net assets $15K · Total assets $32K
46%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $32K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Benjamin Levey · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $8K · Total expenses $155K
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $61K · Total expenses $155K
39%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 16%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 7 grants · $79K · 2019–2024

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$930K revenue · ⤓ 990 PDF
FY2024$887K revenue · ⤓ 990 PDF
FY2023$611K revenue · ⤓ 990 PDF
FY2022$348K revenue · ⤓ 990 PDF
FY2021$138K revenue · viewing · ⤓ 990 PDF
FY2020$119K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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