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State Funding Devils FY2023 filing

Tax-deductible

Scottsdale, AZ501(c)(3)Recreation & Sports EIN 81-5287326Revenue $75K in FY2023

On file with the IRS6730 N Scottsdale Rd Ste 250, 85253-4416 · Scottsdale, AZTax-exempt since Jan 2023Publicly supported charity — 170(b)(1)(A)(vi)

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State Funding Devils is a newly formed nonprofit corporation that is organized and shall be operated exclusively for charitable, educational, and literary purpose within the meaning of section 501(c)(3) of the internal revenue code (the "code"). The organization intends to make gifts, grants and/or provide other payments or services for charitable and educational purposes to arizona State university, or other charities, for the benefit of arizona State university's student athletes in both their athletic and educational goals.a "charitable" purpose is one of the seven exempt purposes specified in section 501(c)(3) of the internal revenue code (the ''code"). According to the treasury regulations, the term charitable is to be interpreted in its generally accepted legal sense and includes, and includes the advancement of education, which State Funding Devils does through its grants to arizona State university for scholarships. See treas. Reg. Section 1.50l(c)(3)-l(d)(2). Moreover, amateur

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
1 of 2
filings with a surplus
Average surplus $19K a year · 36% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
167 mo
of spending, in cash
Looks good: 166.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $270K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$250K
74% of total assets
Worth a look: liabilities are 74% of assets; over 65%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 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
$75K
+142% vs prior year
Spent
$24K
To programs
60%
Net assets
$88K
By yearFY2022–FY2024
Revenue
$75K
FY2023▲ +142%
Tap a bar for its year
Revenue by fiscal year
FY2022$31K
FY2023$75K
FY2024−$7K
Expenses
$24K
FY2023▼ -45%
Tap a bar for its year
Expenses by fiscal year
FY2022$44K
FY2023$24K
FY2024Not on file
Net assets
$88K
FY2023▲ +136%
Tap a bar for its year
Net assets by fiscal year
FY2022$37K
FY2023$88K
FY2024$51K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2020-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Jan 2023.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $15K Management & general 38% · $9K Fundraising 1% · $346

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.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Chad Gosar
Vice President
$0Pt VII · Sec A
Brent Moser
Vice President
$0Pt VII · Sec A
Brian Friedman
Vice President
$0Pt VII · Sec A
Keaton Merrell
Vice President
$0Pt VII · Sec A
Scott Holland
Vice President
$0Pt VII · Sec A
Robert N Briar
Vice President
$0Pt VII · Sec A
Michael J Didomenico
Vice President
$0Pt VII · Sec A
See State Funding Devils 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

Supports student athletes' athletic and educational goals through grants and services.

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Provided by the organization

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1 program · $15K · in their own filed words · FY2023
01

The organization hosts one event designed to raise (I) awareness of the arizona state university athletic programs, and (ii) funds for student scholarships and programs, are: the best tailgate in college football.

$15Kprogram 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
Donor Advised Charitable Giving INCFY2024$270K
Total grants receivedfrom 1 funder$270K
Grants paid · 2 grants · $47K · 2022–2023
Sun Angel Foundation INCAZ · FY2023$14,700
Sun Angel Foundation INCAZ · FY2022$32,300

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$75K
Ln 12
Other incomeLn 4–11$75K
Money outPt IX
$24K
Ln 25
Programscol B$15K
Managementcol C$9K
Fundraisingcol D$346
Owns and owesPt X
$88K
net assets · Ln 32
Cash and savingsLn 1–2$338K
Total assetsLn 16$338K
LiabilitiesLn 26$250K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$75K
Total revenueLn 12$75K
Assets in detailPt X, end of year
CashLn 1$338K
Cash and savings togetherLn 1–2$338K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$338K
LiabilitiesLn 26$250K
Net assetsLn 32$88K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$37K$338K
Land, buildings, equipmentLn 10c$346$0
Total assetsLn 16$37K$338K
LiabilitiesLn 26$0$250K
Net assetsLn 32$37K$88K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$15K$15K
Office expensesLn 13$3K$3K
Information technologyLn 14$3K$3K
Conferences, conventions and meetingsLn 19$1K$1K
Depreciation, depletion and amortizationLn 22$346$346
InsuranceLn 23$2K$2K
Total functional expensesLn 25$24K$15K$9K$346

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest −$7K$51K 990 PDF
FY2023 Viewing $75K$24K$51K$88K 990 PDF
FY2022 $31K$44K−$13K$37K 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 $75,298 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $31,074$75,298
I-12 Total revenuePrior year $31,074$75,298
I-13 Grants and similar amounts paidPrior year $32,300$14,700
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 $11,947$9,636
I-18 Total expensesPrior year $44,247$24,336
I-19 Revenue less expensesPrior year −$13,173$50,962
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $75,298 across 2 lines filed
VIII-8 Net income from fundraising eventsExcluded from tax $75,298$75,298
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $75,298$75,298
Part IX · Statement of functional expenses $24,336 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $14,700$14,700
IX-13 Office expensesManagement $3,463$3,463
IX-14 Information technologyManagement $2,960$2,960
IX-19 Conferences, conventions and meetingsManagement $1,325$1,325
IX-22 Depreciation, depletion and amortizationFundraising $346$346
IX-23 InsuranceManagement $1,542$1,542
IX-25 Total functional expensesPrograms $14,700 · Management $9,290 · Fundraising $346$24,336
Part X · Balance sheet $338,404 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $37,097$338,404
X-10c Land, buildings and equipment, netStart of year $346$0
X-16 Total assetsStart of year $37,443$338,404
X-24 Unsecured notes and loans payable$250,000
X-26 Total liabilitiesStart of year $0$250,000
X-27 Net assets without donor restrictionsStart of year $37,443$88,404
X-32 Total net assets or fund balancesStart of year $37,443$88,404
X-33 Total liabilities and net assetsStart of year $37,443$338,404
Part XI · Reconciliation of net assets $88,404 net assets at year end
XI-1 Total revenue$75,298
XI-2 Total expenses$24,336
XI-3 Revenue less expenses$50,962
XI-4 Net assets at start of year$37,443
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$88,404

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

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