Stein Foundation Co FY2021 filing

Tax-deductible

Garland, TX501(c)(3)EducationEIN 82-5056654Revenue $420K in FY2021

On file with the IRSsteinfamilyco.com4725 Las Palmas CT, 75043-3000 · Garland, TXTax-exempt since Jun 2018Publicly supported charity — 170(b)(1)(A)(vi)

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To provide scholarships to kids who cannot afford elite soccer opportunities

501(c)(3) charity; gifts are tax-deductible.
52¢ of each $1 spent went to programs.
$22K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
4 of 4
filings with a surplus
Average surplus $113K a year · 16% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
52%
of spending
Worth a look: 52% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$22K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $41K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
−$2K
-2% of total assets
Looks good: liabilities are -2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$420K
+176% vs prior year
Spent
$284K
To programs
52%
Net assets
$133K
By yearFY2020–FY2024
Revenue
$420K
FY2021▲ +176%
Tap a bar for its year
Revenue by fiscal year
FY2020$152K
FY2021$420K
FY2022$721K
FY2023$886K
FY2024$825K
Expenses
$284K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$284K
FY2022$652K
FY2023$755K
FY2024$710K
Net assets
$133K
FY2021▲ +449%
Tap a bar for its year
Net assets by fiscal year
FY2020$24K
FY2021$133K
FY2022$155K
FY2023$322K
FY2024$249K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 2018.

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

Where the money goes

52 cents of each dollar spent went to programs.

Program services 52% · $149K Management & general 6% · $16K Fundraising 42% · $119K

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

3 people listed on the 990; $22K paid to officers and key staff.

Part VII, Section A · reportable compensation
$12,299Pt VII · Sec A
President - Di
$9,360Pt VII · Sec A
$0Pt VII · Sec A

Vincent Johnso’s $23K as Director is at the 17th 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

NameFY2024FY2022FY2021FY2020
Vincent Johnso$23,297$24,439$12,299—
Ora Johnson$14,425$7,195$9,360$1,000

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 15aNo

Programs and updates

Offers scholarships for underprivileged children to access elite soccer programs.

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Provided by the organization

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1 program · $149K · in their own filed words · FY2021
01

Fc Dallas 02 Ecln

Soccer Association 128507

$149Kprogram 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
Total grants receivedfrom 1 funder$41K
Grants paid · 19 grants · $804K · 2021–2024
Fc Dallas 02 EcFY2024$255,430
Unitemized GrantFY2024$17,168
Its Going to Be Ok INCTX · FY2024$14,000
Hp Bobcats FootbFY2024$7,827
Juventes PremierFY2024$7,466
Untouchable VollFY2024$6,225
Fc Dallas 02 EcFY2023$260,195
Unitemized GrantFY2023$28,400
Ntx CelticFY2023$13,491
Its Going to Be Ok INCTX · FY2023$10,201
Hp Bobcats FootbFY2023$7,973
Juventes PremierFY2023$6,126
Fever United INCTX · FY2023$5,381
Unitemized GrantFY2022$6,920
Fc Dallas 02 EcnFY2021$128,507
See all 19 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$420K
Ln 12
Fees for servicesLn 2g$420K
Money outPt IX
$284K
Ln 25
Programscol B$149K
Managementcol C$16K
Fundraisingcol D$119K
Owns and owesPt X
$133K
net assets · Ln 32
Cash and savingsLn 1–2$119K
Total assetsLn 16$131K
LiabilitiesLn 26−$2K
PeoplePt VI, VII
3
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$420K
Total revenueLn 12$420K
Assets in detailPt X, end of year
CashLn 1$119K
Cash and savings togetherLn 1–2$119K
InvestmentsLn 11–13$3K
Other assetsLn 15$9K
Total assetsLn 16$131K
LiabilitiesLn 26−$2K
Net assetsLn 32$133K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$33K$119K
InvestmentsLn 11–13$3K
Total assetsLn 16$33K$131K
LiabilitiesLn 26$0−$2K
Net assetsLn 32$33K$133K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$145K$145K
Grants to domestic individualsLn 2$4K$4K
Professional fundraising feesLn 11e$119K$119K
Conferences, conventions and meetingsLn 19$314$314
Depreciation, depletion and amortizationLn 22$900$900
Other expenses (24a–d)Ln 24$7K$7K
All other expensesLn 24e$7K$7K
Total functional expensesLn 25$284K$149K$16K$119K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $825K$710K$115K$249K 990 PDF
FY2023 $886K$755K$131K$322K 990 PDF
FY2022 $721K$652K$68K$155K 990 PDF
FY2021 Viewing $420K$284K$136K$133K 990 PDF
FY2020 $152K$24K 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 FY2021 990 (6 parts)
Part I · Summary $419,990 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $152,336$419,990
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $152,336$419,990
I-13 Grants and similar amounts paidPrior year $72,446$148,678
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$119,125
I-17 Other expensesPrior year $88,260$15,804
I-18 Total expensesPrior year $160,706$283,607
I-19 Revenue less expensesPrior year −$8,370$136,383
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $419,990 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $419,990$419,990
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $419,990$419,990
Part IX · Statement of functional expenses $283,607 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $145,163$145,163
IX-2 Grants to domestic individualsPrograms $3,515$3,515
IX-11e Professional fundraising feesFundraising $119,125$119,125
IX-19 Conferences, conventions and meetingsManagement $314$314
IX-22 Depreciation, depletion and amortizationManagement $900$900
IX-24 Other expenses (24a–d)Management $7,295$7,295
IX-24e All other expensesManagement $7,295$7,295
IX-25 Total functional expensesPrograms $148,678 · Management $15,804 · Fundraising $119,125$283,607
Part X · Balance sheet $130,755 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $32,613$118,642
X-13 Program-related investments$2,814
X-15 Other assets$9,299
X-16 Total assetsStart of year $32,613$130,755
X-17 Accounts payable and accrued expenses−$2,434
X-26 Total liabilitiesStart of year $0−$2,434
X-32 Total net assets or fund balancesStart of year $32,613$133,189
X-33 Total liabilities and net assetsStart of year $32,613$130,755
Part XI · Reconciliation of net assets $133,189 net assets at year end
XI-1 Total revenue$419,990
XI-2 Total expenses$283,607
XI-3 Revenue less expenses$136,383
XI-4 Net assets at start of year$32,613
XI-10 Net assets at end of year$133,189

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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