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Nonprofiteer
← FINAL THIRD FOUNDATION

Form 990 for tax year 2023

Filed by FINAL THIRD FOUNDATION.

Totals

Total revenue
$886,513
Total expenses
$891,090
Contributions and grants received
$374,082
Grants paid
$13,915
Program service revenue
$460,156
Investment income
$297
Other revenue
$51,978
Total assets, end of year
$91,848
Total liabilities, end of year
$119,744
Net assets or fund balances, end of year
-$27,896
Program services expenses (Part IX)
$815,572
Management and general expenses
$75,518
Fundraising expenses
$0
Program service expenses (Part III)
$815,572

Program services were 91.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $5,850

  • 1f · All other contributions, gifts and grants

    $368,232

  • 2a · Program service revenue: REGISTRATIONS

    total $345,051 · related or exempt $345,051

  • 2b · Program service revenue: SOCCER & LITERACY PROG

    total $102,033 · related or exempt $102,033

  • 2c · Program service revenue: FACILITY MANAGEMENT

    total $13,072 · related or exempt $13,072

  • 3 · Investment income

    total $297 · related or exempt $297

  • 6a · Gross rents

    real property $34,410

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $34,410

  • 6d · Net rental income or loss

    total $34,410 · related or exempt $34,410

  • 8a · Fundraising events: gross income

    $23,551

  • 8a · Fundraising events: contributions included on line 1c

    $5,850

  • 8b · Fundraising events: direct expenses

    $5,983

  • 8c · Net income from fundraising events

    total $17,568 · excluded $17,568

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,915 · program services $13,915

  • 5 · Compensation of officers, directors and key employees

    total $85,452 · program services $76,907 · management and general $8,545

  • 7 · Other salaries and wages

    total $196,687 · program services $177,018 · management and general $19,669

  • 10 · Payroll taxes

    total $32,896 · program services $29,606 · management and general $3,290

  • 11b · Fees: legal

    total $18,694 · management and general $18,694

  • 11c · Fees: accounting

    total $1,112 · management and general $1,112

  • 11g · Fees: other

    total $121,219 · program services $121,219

  • 12 · Advertising and promotion

    total $6,753 · management and general $6,753

  • 13 · Office expenses

    total $32,053 · program services $28,848 · management and general $3,205

  • 15 · Royalties

    total $15,133 · program services $15,133

  • 16 · Occupancy

    total $42,040 · program services $37,836 · management and general $4,204

  • 17 · Travel

    total $17,539 · program services $15,785 · management and general $1,754

  • 20 · Interest

    total $6,168 · program services $6,168

  • 22 · Depreciation, depletion and amortization

    total $5,548 · program services $5,548

  • 23 · Insurance

    total $7,895 · management and general $7,895

  • 24a · Other expenses: PROGRAM SUPPLIES & EQUI

    total $80,277 · program services $80,277

  • 24b · Other expenses: TOURNAMENT & CLUB FEES

    total $76,665 · program services $76,665

  • 24c · Other expenses: GENERAL ADMINISTRATIVE

    total $72,891 · program services $72,891

  • 24d · Other expenses: FACILITY MANAGEMENT

    total $53,967 · program services $53,967

  • 24e · All other expenses

    total $4,186 · program services $3,789 · management and general $397

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $57,328 · end of year $49,264

  • 2 · Savings and temporary cash investments

    beginning of year $18,144 · end of year $18,631

  • 10a · Land, buildings and equipment: cost or other basis

    $32,559

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,606

  • 10c · Land, buildings and equipment, net

    beginning of year $16,769 · end of year $23,953

  • 24 · Unsecured notes and loans payable

    beginning of year $117,850 · end of year $119,744

  • 27 · Net assets without donor restrictions

    beginning of year -$25,609 · end of year -$27,896

Mission and programs · 2023

Mission

THE FINAL THIRD FOUNDATION'S MISSION IS TO INSPIRE, ENGAGE, AND EDUCATE THROUGH SOCCER-BASED YOUTH-FOCUSED PROGRAMS AND EVENTS. THE FOUNDATION STRIVES TO PROMOTE HEALTH, WELLNESS, ACHIEVEMENT, LEADERSHIP AND CHARACTER DEVELOPMENT, BOTH ON AND OFF THE FIELD. ITS OVERALL OBJECTIVE IS TO UNITE DIVERSE COMUNITIES AND EMPOWER THEM TO ACHIEVE THEIR GOALS.

Activities or mission (Part I)

THE FINAL THIRD FOUNDATION'S MISSION IS TO INSPIRE, ENGAGE, AND EDUCATE THROUGH SOCCER-BASED YOUTH-FOCUSED PROGRAMS AND EVENTS. THE FOUNDATION STRIVES TO PROMOTE HEALTH, WELLNESS, ACHIEVEMENT, LEADERSHIP AND CHARACTER DEVELOPMENT, BOTH ON AND OFF THE FIELD. ITS OVERALL OBJECTIVE IS TO UNITE DIVERSE COMMUNITIES AND EMPOWER THEM TO ACHIEVE THEIR GOALS.

  • DURING THE SUMMER /FALL 2023 - SPRING 2024 RECREATIONAL SEASONS FINAL THIRD FOUNDATION PROVIDED FOR OVER 1300 PARTICIPANTS AGES 3 - 18 YEARS OLD. OUT OF THOSE PARTICIPANTS MANY F3 PARTNER ORGANIZATIONS INCLUDING GALACTICOS (SERVES THE LATINX COMMUNITY), OHIO YOUTH ACADEMY (SERVES THE EAST AFRICAN COMMUNITY), COLUMBUS EAGLES (SERVES MOSTLY THE WEST AFRICAN COMMUNITY), AND MORE, RECEIVED SUBSIDIZED PLAYER RATES OF OVER 50%. FINAL THIRD FOUNDATION ALSO SUPPORTED EACH ORGANIZATION WITH REGISTRATION AND ONGOING MANAGEMENT, AS WELL AS PROVIDING A HOME AT PATHWAYS PARK AT HEAVILY SUBSIDIZED TO NO-COST RATES FOR REGULAR AND CONTINUOUS USE. THE TOTAL NUMBER OF PLAYERS RECEIVING SUBSIDIZED PRICING FOR RECREATIONAL PROGRAMMING, SUPPORT WITH MANAGEMENT AND USE OF THE PARK WAS OVER 325 PLAYERS THROUGH THESE PARTNER PROGRAMS. THE ESTIMATED SCHOLARSHIP TOTAL WITH THESE PROGRAMS AS WELL AS USE OF THE PARK IS ~$66,350.FINAL THIRD FOUNDATION TOOK OVER OPERATIONAL MANAGEMENT IN THE FALL OF 2020 OF EASTON SPORTS PARK, NOW KNOWN AS PATHWAYS PARK, 4475 SUNBURY ROAD, COLUMBUS OHIO 43219. F3 CONTINUED THE CONVERSION PROCESS FROM THE FACILITY INTO A PARK BY FOCUSING ON MEADOW RECLAMATION, PLANTING WILDFLOWERS, BUILDING A LEARNING GARDEN AND TRYING TO MAKE IT MORE OF A HOME FOR THE PARTNER ORGANIZATIONS AND COMMUNITIES F3 NOW SERVES. DURING THE SPRING OF 2024 FINAL THIRD FOUNDATION SPROUTS PROGRAMMING FOR YOUTH TOOK PLACE IN THE LEARNING GARDEN AT PATHWAYS PARK FOR UNDERSERVED COMMUNITIES, SPECIFICALLY FOR OHIO YOUTH ACADEMY, AN ORGANIZATION THAT MOSTLY SUPPORTS THE LOCAL SOMALI COMMUNITY. THE SPROUTS PROGRAM ALSO EXPANDED INTO SCHOOLS FOR THE FIRST TIME. MORE THAN 115 KIDS PARTICIPATED IN PROGRAMMING, ENGAGING IN PLANTING SEEDS AND DRAWING THE PROGRESSION OF THE PLANT GROWTH, TRYING MORE THAN 25 DIFFERENT FRUITS AND VEGETABLES, AND MORE. F3 EXPANDED ITS SOCCER AND LITERACY PROGRAMMING INTO MANY MORE SCHOOLS IN CENTRAL OHIO. F3 PROVIDED A 10-WEEK/1X OR 2X PER WEEK SOCCER AND LITERACY IN-SCHOOL AND AFTER-SCHOOL PROGRAMS TO 17 SCHOOLS AND ~ 830 STUDENTS. F3 CONTINUED TO EXPAND ITS PROGRAMMING INTO THE CENTRAL, NORTH, EAST, WEST, AND SOUTH SIDES OF COLUMBUS REACHING EARLY CHILDHOOD CENTERS LIKE SPROUTFIVE AND HIGH SCHOOL ESL CLASSROOM AT COLUMBUS GLOBAL ACADEMY.THE TOTAL BUDGET FOR THE PROGRAM IS $5,000 FOR A 10-WEEK, 1X PER WEEK PROGRAM AND $7,500 FOR A 10-WEEK, 2X PER WEEK PROGRAM. THE BUDGET INCLUDES THE PAYMENT FOR THE DIRECTOR OF EDUCATION TO MANAGE THE PROGRAM AND PROVIDE MONITORING AND EVALUATION. FINAL THIRD FOUNDATION ALSO SET UP ITS FIRST VOLUNTEER TRIP TO KENYA IN DECEMBER 2023 TO VISIT ITS PARTNER ORGANIZATION, LIKONI COMMUNITY FOOTBALL LEAGUE. F3 BOARD MEMBER, JOE MACKLIN, F3 EDUCATION SPECIALIST, JESSICA BENNETT, AND A VOLUNTEER VISITED WITH EXECUTIVE DIRECTOR, BENJAMIN LEVEY.

    Expenses $815,572 · Grants $13,915 · Revenue $494,863

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Benjamin Levey

    EXECUTIVE DIRECTOR

    Total calculated
    $86,452
    From this org
    $86,452
    From related orgs
    $0
    Other
    $0
    Hours/week
    60

  • Brynn Kolada

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sam Marcellino

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gary Blumberg

    TREASURER/VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Joseph Macklin

    SECRETARY

    Total calculated
    $280
    From this org
    $280
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Charles Gocken

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Ramsden

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Obinna Moneme

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
26 September 2024
IRS schema version
2023v5.1
Source object
202442749349300539

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