First Point Volleyball Foundation FY2020 filing

Tax-deductible

Los Angeles, CA501(c)(3)EducationEIN 81-4642035Revenue $650K in FY2020

On file with the IRSfirstpointvolleyball.com10880 Wilshire Blvd Ste 1101, 90024-4112 · Los Angeles, CATax-exempt since Jun 2017Publicly supported charity — 170(b)(1)(A)(vi)

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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.
$168K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
$168K
to officers and key staff · 36% of spending
Concern: pay to officers and key staff is 36% of spending; over 30%.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.2 months of spending in cash; 3 or more.
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
$437K
58% of total assets
Fine: liabilities are 58% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
19
of 20 voting members
Looks good: 19 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$650K
Spent
$462K
To programs
51%
Net assets
$314K
By yearFY2020–FY2024
Revenue
$650K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$650K
FY2021$1.1M
FY2022$447K
FY2023$979K
FY2024$378K
Expenses
$462K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$462K
FY2021$1.4M
FY2022$674K
FY2023$694K
FY2024$619K
Net assets
$314K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$314K
FY2021−$70K
FY2022−$315K
FY2023$44K
FY2024−$202K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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% · $236K Management & general 24% · $109K Fundraising 25% · $117K

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

20 people listed on the 990; $168K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$167,629Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Stephen Wade Garard$93,362$95,117$25,135$116,462$167,629
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.

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Provided by the organization

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1 program · $236K · in their own filed words · FY2020
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 junior college levels. Funds can be used for educational expenses that support the institution's support of intercollegiate expenses including scholarships, etc.

$236Kprogram expense

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 FY2020 990, line by line.

1The main four
Money inPt VIII
$650K
Ln 12
Gifts and grantsLn 1h$645K
Investment incomeLn 3$5K
Money outPt IX
$462K
Ln 25
Programscol B$236K
Managementcol C$109K
Fundraisingcol D$117K
Owns and owesPt X
$314K
net assets · Ln 32
Cash and savingsLn 1–2$355K
Total assetsLn 16$751K
LiabilitiesLn 26$437K
PeoplePt VI, VII
20
listed · VII A
PaidVII A1
Voting boardVI 1a20
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$645K
Investment incomeLn 3$5K
Gains on assetsLn 7$130
Total revenueLn 12$650K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$355K
Cash and savings togetherLn 1–2$355K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$751K
LiabilitiesLn 26$437K
Net assetsLn 32$314K
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 FY20End FY20
Cash and savingsLn 1–2$405K$355K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$923K$751K
LiabilitiesLn 26$707K$437K
Net assetsLn 32$216K$314K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$153K$153K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$174K$52K$35K$87K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$10K$3K$2K$5K
Management feesLn 11a$0
Legal feesLn 11b$8K$2K$6K
Accounting feesLn 11c$50K$50K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$12K$10K$1K
Advertising and promotionLn 12$8K$2K$3K$3K
Office expensesLn 13$25K$14K$2K$9K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$1K$1K
TravelLn 17$20K$10K$10K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$245$245
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$2K$560$45$911
Total functional expensesLn 25$462K$236K$109K$117K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $649,805 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $694,531$644,948
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,506$4,857
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $696,037$649,805
I-13 Grants and similar amounts paidPrior year $317,912$152,939
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $204,519$183,673
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $241,726$125,426
I-18 Total expensesPrior year $764,157$462,038
I-19 Revenue less expensesPrior year −$68,120$187,767
Part VI · Governance 19 of 20 board members independent, 2 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members19
VI-13 Written whistleblower policyNo
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-15a Process for setting top official's payYes
Part VIII · Statement of revenue $649,805 across 8 lines filed
VIII-1f All other contributions, gifts and grants$644,948
VIII-1h Total contributions, gifts and grants$644,948
VIII-3 Investment incomeExcluded from tax $4,727$4,727
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $130$130
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $4,857$649,805
Part IX · Statement of functional expenses $462,038 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $152,939$152,939
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $52,085 · Management $34,723 · Fundraising $86,807$173,615
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $3,017 · Management $2,012 · Fundraising $5,029$10,058
IX-11a Management fees$0
IX-11b Legal feesPrograms $1,826 · Management $6,200$8,026
IX-11c Accounting feesManagement $49,855$49,855
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $10,159 · Fundraising $1,400$11,559
IX-12 Advertising and promotionPrograms $1,680 · Management $2,991 · Fundraising $3,409$8,080
IX-13 Office expensesPrograms $14,000 · Management $1,811 · Fundraising $8,765$24,576
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $1,126$1,126
IX-17 TravelPrograms $10,222 · Fundraising $10,221$20,443
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $245$245
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $560 · Management $45 · Fundraising $911$1,516
IX-25 Total functional expensesPrograms $236,329 · Management $109,167 · Fundraising $116,542$462,038
Part X · Balance sheet $750,886 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $405,107$354,678
X-3 Pledges and grants receivableStart of year $513,600$382,155
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $4,425$14,053
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $923,132$750,886
X-17 Accounts payable and accrued expensesStart of year $41,487$30,013
X-18 Grants payableStart of year $665,622$406,894
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $707,109$436,907
X-27 Net assets without donor restrictionsStart of year −$121,577−$105,774
X-28 Net assets with donor restrictionsStart of year $337,600$419,753
X-32 Total net assets or fund balancesStart of year $216,023$313,979
X-33 Total liabilities and net assetsStart of year $923,132$750,886
Part XI · Reconciliation of net assets $313,979 net assets at year end
XI-1 Total revenue$649,805
XI-2 Total expenses$462,038
XI-3 Revenue less expenses$187,767
XI-4 Net assets at start of year$216,023
XI-5 Net unrealized gains (losses) on investments−$1,429
XI-9 Other changes in net assets−$88,382
XI-10 Net assets at end of year$313,979

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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