Cf Future Stars FY2019 filing

Tax-deductible

Heathrow, FL501(c)(3)Youth DevelopmentEIN 84-2405446

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Future Stars, INC. (the "charity") has been formed to operate as a public charity within the meaning of section 509(a)(2) of the internal revenue code of 1986, as amended (the "code"). Stated in the most direct terms, the charity was formed to develop, promote, direct and foster baseball and softball among boys and girls between the ages of 7 and 17 years to provide instruction and sportsmanlike competition. By way of further explanation, the charity will provide youth athletes an opportunity to have access to a full platform of training, education, testing systems and analytics, travel programs, showcase events, funding, fitness and skill training, and marketing to obtain scholarships to higher education through sports (specifically softball and baseball). Certain sports in today's climate are extremely expensive to join "travel programs- and have access to private lessons and highly skilled coaches, training equipment or analytical systems that college coaches utilize, travel to key

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2019 · 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
3 of 5
filings with a surplus
Average surplus $3K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $135K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$971
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$242K
Spent
$128K
To programs
0%
Net assets
$114K
By yearFY2019–FY2024
Revenue
$242K
FY2019
Revenue by fiscal year
FY2019$242K
FY2020$148K
FY2021$230K
FY2022$386K
FY2023$510K
FY2024$135K
Expenses
$128K
FY2019
Expenses by fiscal year
FY2019$128K
FY2020$261K
FY2021$217K
FY2022$356K
FY2023$538K
FY2024Not on file
Net assets
$114K
FY2019
Net assets by fiscal year
FY2019$114K
FY2020$773
FY2021$14K
FY2022$44K
FY2023$15K
FY2024$7K

From the FY2019 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2019 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 Feb 2020.

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

Where the money goes

What each dollar paid for.

Management & general 89% · $114K Fundraising 11% · $14K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Cf Future Stars 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 15aNo

Programs and updates

Develops, promotes, and fosters baseball and softball for youth, offering training and competition.

Provided by the organization

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1 program · in their own filed words · FY2019
01

CF future stars has provided under- privileged youths an opportunity to have access to full platform of education, testing, coaching, travel programs, fitness and skills training to earn scholarships

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$135K

By the numbers

The FY2019 990, line by line.

1The main four
Money inPt VIII
$242K
Ln 12
Gifts and grantsLn 1h$242K
Money outPt IX
$128K
Ln 25
Managementcol C$114K
Fundraisingcol D$14K
Owns and owesPt X
$114K
net assets · Ln 32
Cash and savingsLn 1–2$112K
Total assetsLn 16$115K
LiabilitiesLn 26$971
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$242K
Total revenueLn 12$242K
Assets in detailPt X, end of year
CashLn 1$112K
Cash and savings togetherLn 1–2$112K
Other assetsLn 15$770
Total assetsLn 16$115K
LiabilitiesLn 26$971
Net assetsLn 32$114K
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 FY19End FY19
Cash and savingsLn 1–2$112K
Total assetsLn 16$0$115K
LiabilitiesLn 26$0$971
Net assetsLn 32$0$114K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$5K$5K
Professional fundraising feesLn 11e$14K$14K
Other fees for servicesLn 11g$109K$109K
Advertising and promotionLn 12$3$3
Total functional expensesLn 25$128K$0$114K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $135K$7K 990 PDF
FY2023 $510K$538K−$28K$15K 990 PDF
FY2022 $386K$356K$30K$44K 990 PDF
FY2021 $230K$217K$13K$14K 990 PDF
FY2020 $148K$261K−$112K$773 990 PDF
FY2019 Viewing $242K$128K$114K$114K 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 FY2019 990 (5 parts)
Part I · Summary $241,778 revenue, 12 lines filed
I-8 Contributions and grants$241,778
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$241,778
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$13,846
I-17 Other expenses$114,259
I-18 Total expenses$128,105
I-19 Revenue less expenses$113,673
Part VIII · Statement of revenue $241,778 across 4 lines filed
VIII-1b Membership dues$21,750
VIII-1f All other contributions, gifts and grants$220,028
VIII-1h Total contributions, gifts and grants$241,778
VIII-12 Total revenue$241,778
Part IX · Statement of functional expenses $128,105 across 4 lines filed
IX-11b Legal feesManagement $5,192$5,192
IX-11e Professional fundraising feesFundraising $13,846$13,846
IX-11g Other fees for servicesManagement $109,064$109,064
IX-12 Advertising and promotionManagement $3$3
IX-25 Total functional expensesPrograms $0 · Management $114,259 · Fundraising $13,846$128,105
Part X · Balance sheet $114,644 assets, 10 lines filed
X-1 Cash, non-interest-bearing$111,727
X-4 Accounts receivable$2,147
X-15 Other assets$770
X-16 Total assetsStart of year $0$114,644
X-17 Accounts payable and accrued expenses$1,501
X-25 Other liabilities−$530
X-26 Total liabilitiesStart of year $0$971
X-27 Net assets without donor restrictions$113,673
X-32 Total net assets or fund balancesStart of year $0$113,673
X-33 Total liabilities and net assetsStart of year $0$114,644
Part XI · Reconciliation of net assets $113,673 net assets at year end
XI-1 Total revenue$241,778
XI-2 Total expenses$128,105
XI-3 Revenue less expenses$113,673
XI-10 Net assets at end of year$113,673

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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