Stein Foundation Co FY2023 filing

Tax-deductible

Garland, TX501(c)(3)EducationEIN 82-5056654Revenue $886K in FY2023

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.
56¢ 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
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
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 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
$889
0.3% of total assets
Looks good: liabilities are 0% 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
$886K
+23% vs prior year
Spent
$755K
To programs
56%
Net assets
$322K
By yearFY2020–FY2024
Revenue
$886K
FY2023▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2020$152K
FY2021$420K
FY2022$721K
FY2023$886K
FY2024$825K
Expenses
$755K
FY2023▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$284K
FY2022$652K
FY2023$755K
FY2024$710K
Net assets
$322K
FY2023▲ +108%
Tap a bar for its year
Net assets by fiscal year
FY2020$24K
FY2021$133K
FY2022$155K
FY2023$322K
FY2024$249K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

56 cents of each dollar spent went to programs.

Program services 56% · $421K Management & general 2% · $14K Fundraising 42% · $320K

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.

Part VII, Section A · reportable compensation
President - Di
$0Pt VII · Sec A
$0Pt 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 · $755K · in their own filed words · FY2023
01

Stein Foundation was able to support and provide scholarship

$755Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$886K
Ln 12
Fees for servicesLn 2g$883K
Investment incomeLn 3$2K
Money outPt IX
$755K
Ln 25
Programscol B$421K
Managementcol C$14K
Fundraisingcol D$320K
Owns and owesPt X
$322K
net assets · Ln 32
Cash and savingsLn 1–2$319K
Total assetsLn 16$323K
LiabilitiesLn 26$889
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$883K
Investment incomeLn 3$2K
Total revenueLn 12$886K
Assets in detailPt X, end of year
CashLn 1$319K
Cash and savings togetherLn 1–2$319K
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$323K
LiabilitiesLn 26$889
Net assetsLn 32$322K
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 FY23End FY23
Cash and savingsLn 1–2$151K$319K
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$156K$323K
LiabilitiesLn 26$717$889
Net assetsLn 32$155K$322K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$392K$392K
Grants to domestic individualsLn 2$28K$28K
Accounting feesLn 11c$3K$3K
Professional fundraising feesLn 11e$317K$317K
Advertising and promotionLn 12$620$620
Office expensesLn 13$6K$6K
TravelLn 17$208$208
Conferences, conventions and meetingsLn 19$3K$3K
Depreciation, depletion and amortizationLn 22$807$807
InsuranceLn 23$737$737
Other expenses (24a–d)Ln 24$4K$4K
Total functional expensesLn 25$755K$421K$14K$320K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $825K$710K$115K$249K 990 PDF
FY2023 Viewing $886K$755K$131K$322K 990 PDF
FY2022 $721K$652K$68K$155K 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $885,846 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $720,613$883,439
I-10 Investment incomePrior year $4$2,407
I-11 Other revenue$0
I-12 Total revenuePrior year $720,617$885,846
I-13 Grants and similar amounts paidPrior year $301,581$420,445
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising feesPrior year $329,563$317,219
I-17 Other expensesPrior year $21,079$17,600
I-18 Total expensesPrior year $652,223$755,264
I-19 Revenue less expensesPrior year $68,394$130,582
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 $885,846 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $883,439$883,439
VIII-3 Investment incomeRelated to mission $2,407$2,407
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $885,846$885,846
Part IX · Statement of functional expenses $755,264 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $392,045$392,045
IX-2 Grants to domestic individualsPrograms $28,400$28,400
IX-11c Accounting feesManagement $2,700$2,700
IX-11e Professional fundraising feesFundraising $317,219$317,219
IX-12 Advertising and promotionPrograms $620$620
IX-13 Office expensesManagement $5,848$5,848
IX-17 TravelManagement $208$208
IX-19 Conferences, conventions and meetingsFundraising $2,647$2,647
IX-22 Depreciation, depletion and amortizationManagement $807$807
IX-23 InsuranceManagement $737$737
IX-24 Other expenses (24a–d)Management $4,033$4,033
IX-25 Total functional expensesPrograms $421,065 · Management $14,333 · Fundraising $319,866$755,264
Part X · Balance sheet $322,797 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $151,228$319,280
X-10c Land, buildings and equipment, net$3,517
X-16 Total assetsStart of year $155,552$322,797
X-17 Accounts payable and accrued expensesStart of year $717$889
X-26 Total liabilitiesStart of year $717$889
X-32 Total net assets or fund balancesStart of year $154,835$321,908
X-33 Total liabilities and net assetsStart of year $155,552$322,797
Part XI · Reconciliation of net assets $321,908 net assets at year end
XI-1 Total revenue$885,846
XI-2 Total expenses$755,264
XI-3 Revenue less expenses$130,582
XI-4 Net assets at start of year$154,835
XI-10 Net assets at end of year$321,908

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

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