First Point Volleyball Foundation

Tax-deductible

Los Angeles, CA501(c)(3)EducationEIN 81-4642035

To create more educational opportunities for boys and men to play competitive volleyball.

501(c)(3) charity; gifts are tax-deductible.
51¢ of each $1 spent went to programs.
Run by 18 volunteers and 2 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 5
filings with a surplus
Average deficit $63K a year · 9% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$93K
to officers and key staff · 15% of spending
Top officer’s pay higher than 80% of similar orgs
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $33K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$308K
292% of total assets
Concern: liabilities are 292% of assets; over 80%.
Pt X · Ln 26
Independent board members
23
of 24 voting members
Looks good: 23 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$378K
-61% vs prior year
Spent
$619K
To programs
51%
Net assets
−$202K
By yearFY2020–FY2024
Revenue
$378K
FY2024▼ -61%
Revenue by fiscal year
FY2020$650K
FY2021$1.1M
FY2022$447K
FY2023$979K
FY2024$378K
Expenses
$619K
FY2024▼ -11%
Expenses by fiscal year
FY2020$462K
FY2021$1.4M
FY2022$674K
FY2023$694K
FY2024$619K
Net assets
−$202K
FY2024▼ -563%
Net assets by fiscal year
FY2020$314K
FY2021−$70K
FY2022−$315K
FY2023$44K
FY2024−$202K

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 Jun 2017.

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

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $318K Management & general 17% · $104K Fundraising 32% · $197K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

24 people listed on the 990; $93K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$93,362Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Stephen Wade Garard’s $93K as President & CEO is at the 80th percentile of top reported officer pay among 1613 $100K–1M education 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Stephen Wade Garard——$25,135$116,462$167,629
Stephen Wade Garard$93,362$95,117———
Logan Grenley 322-1022——$45,666——

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.

See First Point Volleyball Foundation 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 15aYes

Programs and updates

Fosters competitive volleyball opportunities for boys and men.

Provided by the organization

This section is blank until First Point Volleyball Foundation claims this page.

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1 program service account for $318K of program spending, described in the organization's own filed words · FY2024.
01

Grow the game and sustaining grant program provides grant funding to colleges and universities to support the start of new men's volleyball programs at the NCAA, NAIA, and the junior college levels. Funds can be used for educational expenses that support the institution's support of intercollegiate expenses including scholarships, etc.

$318Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 18 grants · $2.0M · 2020–2024
Northern Kentucky UniversityFY2024$50,000
University of Maryland Eastern ShoreFY2024$50,000
University of Maryland Eastern ShoreFY2023$150,000
Fairleigh Dickinson UniversityNJ · FY2023$100,000
NjcaaNC · FY2023$62,500
NjcaaNC · FY2022$40,000
NjcaaNC · FY2021$57,418
Juniata CollegePA · FY2020$20,000
Penn State - BehrendFY2020$20,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$378K
Ln 12
Gifts and grantsLn 1h$379K
Money outPt IX
$619K
Ln 25
Programscol B$318K
Managementcol C$104K
Fundraisingcol D$197K
Owns and owesPt X
−$202K
net assets · Ln 32
Cash and savingsLn 1–2$234
Total assetsLn 16$106K
LiabilitiesLn 26$308K
PeoplePt VI, VII
24
listed · VII A
PaidVII A1
Voting boardVI 1a24
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$379K
Gains on assetsLn 7−$544
Total revenueLn 12$378K
Assets in detailPt X, end of year
SavingsLn 2$234
Cash and savings togetherLn 1–2$234
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$106K
LiabilitiesLn 26$308K
Net assetsLn 32−$202K
OperationsPt I, VI
EmployeesI 52
VolunteersI 618
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 FY24End FY24
Cash and savingsLn 1–2$194K$234
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$360K$106K
LiabilitiesLn 26$317K$308K
Net assetsLn 32$44K−$202K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$157K$157K
Pay of current officers, directors and key staffLn 5$93K$28K$19K$47K
Pay of disqualified personsLn 6$45K$14K$9K$22K
Payroll taxesLn 10$14K$4K$3K$7K
Legal feesLn 11b$5K$321$4K
Accounting feesLn 11c$42K$42K
Other fees for servicesLn 11g$19K$0$16K$2K
Advertising and promotionLn 12$129K$63K$2K$63K
Office expensesLn 13$13K$8K$726$4K
OccupancyLn 16$12K$6K$7K
TravelLn 17$89K$44K$44K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$416$25$391
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$619K$318K$104K$197K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $378K$619K−$240K−$202K 990 PDF
FY2023 $979K$694K$286K$44K 990 PDF
FY2022 $447K$674K−$227K−$315K 990 PDF
FY2021 $1.1M$1.4M−$322K−$70K 990 PDF
FY2020 $650K$462K$188K$314K 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 (4 parts)
Part VIII · Statement of revenue $378,494 across 4 lines filed
VIII-1f All other contributions, gifts and grants$379,038
VIII-1h Total contributions, gifts and grants$379,038
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$544−$544
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$544$378,494
Part IX · Statement of functional expenses $618,986 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $157,214$157,214
IX-5 Pay of current officers, directors and key staffPrograms $28,009 · Management $18,672 · Fundraising $46,681$93,362
IX-6 Pay of disqualified personsPrograms $13,500 · Management $9,000 · Fundraising $22,500$45,000
IX-10 Payroll taxesPrograms $4,178 · Management $2,786 · Fundraising $6,964$13,928
IX-11b Legal feesPrograms $321 · Management $4,223$4,544
IX-11c Accounting feesManagement $42,170$42,170
IX-11g Other fees for servicesPrograms $0 · Management $16,455 · Fundraising $2,268$18,723
IX-12 Advertising and promotionPrograms $62,854 · Management $2,341 · Fundraising $63,441$128,636
IX-13 Office expensesPrograms $7,791 · Management $726 · Fundraising $4,189$12,706
IX-16 OccupancyManagement $5,586 · Fundraising $6,578$12,164
IX-17 TravelPrograms $44,223 · Fundraising $44,327$88,550
IX-23 InsuranceManagement $1,573$1,573
IX-24 Other expenses (24a–d)Management $25 · Fundraising $391$416
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $318,090 · Management $103,557 · Fundraising $197,339$618,986
Part X · Balance sheet $105,506 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $194,325$234
X-3 Pledges and grants receivableStart of year $109,276$93,218
X-9 Prepaid expenses and deferred chargesStart of year $56,733$12,054
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $360,334$105,506
X-17 Accounts payable and accrued expensesStart of year $46,655$35,180
X-18 Grants payableStart of year $270,011$272,500
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $316,666$307,680
X-27 Net assets without donor restrictionsStart of year −$14,858−$162,142
X-28 Net assets with donor restrictionsStart of year $58,526−$40,032
X-32 Total net assets or fund balancesStart of year $43,668−$202,174
X-33 Total liabilities and net assetsStart of year $360,334$105,506
Part XI · Reconciliation of net assets −$202,174 net assets at year end
XI-1 Total revenue$378,494
XI-2 Total expenses$618,986
XI-3 Revenue less expenses−$240,492
XI-4 Net assets at start of year$43,668
XI-9 Other changes in net assets−$5,350
XI-10 Net assets at end of year−$202,174

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

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