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Nonprofiteer
← FUTURE STARS SERIES FOUNDATION

Form 990 for tax year 2023

Filed by FUTURE STARS SERIES FOUNDATION.

Totals

Total revenue
$682,264
Total expenses
$403,266
Contributions and grants received
$0
Grants paid
$12,800
Program service revenue
$682,264
Investment income
$0
Other revenue
$0
Total assets, end of year
$64
Total liabilities, end of year
$1,001
Net assets or fund balances, end of year
-$937
Program services expenses (Part IX)
$399,152
Management and general expenses
$4,114
Fundraising expenses
$0
Program service expenses (Part III)
$399,152

Program services were 99.0% 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.

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $682,264 · related or exempt $682,264

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,800 · program services $12,800

  • 7 · Other salaries and wages

    total $59,075 · program services $59,075

  • 10 · Payroll taxes

    total $14,369 · program services $14,369

  • 11c · Fees: accounting

    total $1,850 · management and general $1,850

  • 11g · Fees: other

    total $284,862 · program services $284,852 · management and general $10

  • 12 · Advertising and promotion

    total $3,801 · program services $3,801

  • 13 · Office expenses

    total $2,254 · management and general $2,254

  • 17 · Travel

    total $24,255 · program services $24,255

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,667 · end of year $64

  • 22 · Loans and payables to officers and key people

    beginning of year $277,957

  • 25 · Other liabilities

    beginning of year $1,382 · end of year $1,001

  • 27 · Net assets without donor restrictions

    beginning of year -$276,672 · end of year -$937

Mission and programs · 2023

Mission

TO PROVIDE OPPORTUNITIES FOR ALL YOUNG ATHLETES REGARDLESS OF BACKGROUND, FINANCIAL SITUATION OR LOCATION TO HAVE THE OPPORTUNITY TO ENGAGE WITH PROFESSIONAL COACHING, NETWORKING AND MENTORING, AND TO PROVIDE A PLATFORM TO DEMONSTRATE TALENT AND SKILL IN HOPES OF PROVIDING A BETTER FUTURE OF OPPORTUNITIES REGARDLESS OF FINANCIAL RESOURSES.

  • ARRANGE EVENTS AT WHICH ATHLETES ARE ABLE TO BE PROVIDED INSTRUCTION BY ESTABLISHED PROFESSIONAL COACHING AND HAVE OPPORTUNITIES TO RECEIVE EQUIPMENT, GUIDANCE AND TO DEVELOP MENTORING RELATIONSHIPS.

    Expenses $399,152 · Grants $12,800 · Revenue $682,264

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

Listed in Part VII

  • Jeremy Booth

    PRESIDENT &

    Total calculated
    $0
    Hours/week
    5

  • Brian Norris

    VP & DIRECTO

    Total calculated
    $0
    Hours/week
    5

  • Renee Booth

    TREASURER &

    Total calculated
    $0
    Hours/week
    5

  • Kenya Hayes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Neil Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chris Capozzi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

  • OTHER

    $12,800

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v6.0
Source object
202630549349301558

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