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← FINAL THIRD FOUNDATION

Form 990 for tax year 2022

Filed by FINAL THIRD FOUNDATION.

Totals

Total revenue
$611,270
Total expenses
$650,084
Contributions and grants received
$149,723
Grants paid
$18,423
Program service revenue
$412,312
Investment income
$2
Other revenue
$49,233
Total assets, end of year
$92,241
Total liabilities, end of year
$117,850
Net assets or fund balances, end of year
-$25,609
Program services expenses (Part IX)
$597,055
Management and general expenses
$53,029
Fundraising expenses
$0
Program service expenses (Part III)
$597,055

Program services were 91.8% 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.

  • 1f · All other contributions, gifts and grants

    $149,723

  • 2a · Program service revenue: REGISTRATIONS

    total $313,398 · related or exempt $313,398

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

    total $97,754 · related or exempt $97,754

  • 2c · Program service revenue: FACILITY MANAGEMENT

    total $1,160 · related or exempt $1,160

  • 3 · Investment income

    total $2 · related or exempt $2

  • 6a · Gross rents

    real property $46,333

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $46,333

  • 6d · Net rental income or loss

    total $46,333 · related or exempt $46,333

  • 11a · Other revenue: MISC REVENUE

    total $2,900 · related or exempt $2,900

  • 11e · Other revenue, total

    $2,900

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $18,423 · program services $18,423

  • 5 · Compensation of officers, directors and key employees

    total $82,850 · program services $74,565 · management and general $8,285

  • 7 · Other salaries and wages

    total $133,014 · program services $119,713 · management and general $13,301

  • 10 · Payroll taxes

    total $29,376 · program services $26,438 · management and general $2,938

  • 11b · Fees: legal

    total $2,992 · management and general $2,992

  • 11c · Fees: accounting

    total $1,779 · management and general $1,779

  • 11g · Fees: other

    total $64,786 · program services $64,786

  • 12 · Advertising and promotion

    total $6,037 · management and general $6,037

  • 13 · Office expenses

    total $22,294 · program services $22,294

  • 15 · Royalties

    total $13,580 · program services $13,580

  • 16 · Occupancy

    total $88,968 · program services $80,071 · management and general $8,897

  • 17 · Travel

    total $132 · program services $119 · management and general $13

  • 22 · Depreciation, depletion and amortization

    total $3,058 · program services $3,058

  • 23 · Insurance

    total $8,663 · management and general $8,663

  • 24a · Other expenses: FACILITY MANAGEMENT

    total $66,711 · program services $66,711

  • 24b · Other expenses: PROGRAM SUPPLIES & EQUI

    total $63,945 · program services $63,945

  • 24c · Other expenses: TOURNAMENT & CLUB FEES

    total $42,235 · program services $42,235

  • 24d · Other expenses: MISCELLANEOUS

    total $1,241 · program services $1,117 · management and general $124

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $117,226 · end of year $57,328

  • 2 · Savings and temporary cash investments

    beginning of year $20,742 · end of year $18,144

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

    $19,827

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

    $3,058

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $16,769

  • 24 · Unsecured notes and loans payable

    beginning of year $120,200 · end of year $117,850

  • 27 · Net assets without donor restrictions

    beginning of year $17,768 · end of year -$25,609

Mission and programs · 2022

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 FALL 2022 - SPRING 2023 RECREATIONAL SEASONS FINAL THIRD FOUNDATION PROVIDED FOR OVER 1400 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, SERVING MOSTLY THE WEST AFRICAN COMMUNITY, AND MORE RECEIVE SUBSIDIZED PER PLAYER RATES OF OVER 50%. THE TOTAL NUMBER OF PLAYERS RECEIVING SUBSIDIZE PRICING WAS OVER 300 PLAYERS THROUGH THESE PARTNER PROGRAMS. THE ESTIMATED SCHOLARSHIP TOTAL WITH THESE PROGRAMS IS ~$57,160.FINAL THIRD FOUNDATION TOOK OVER THE LEASE LAST YEAR AT EASTON SPORTS PARK, NOW KNOWN AS PATHWAYS PARK, 4475 SUNBURY ROAD. 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 2023 SPROUTS PROGRAMMING BEGAN IN THE LEARNING GARDEN FOR UNDERSERVED COMMUNITIES, SPECIFICALLY FOR OHIO YOUTH ACADEMY, AN ORGANIZATION THAT MOSTLY SUPPORST HE LOCAL SOMALI COMMUINTY. ABOUT 60 PARTICIPANTS ATTENDED THIS PROGRAM AND 25-30 PARTICIPANTS ATTENDED CONSISTENTLY. F3 EXPANDED ITS SOCCER AND LITEARCY 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 502 STUDENTS. F3 EXPANDED 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.

    Expenses $597,055 · Grants $18,423 · Revenue $461,547

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Benjamin Levey

    EXECUTIVE DIRECTOR

    Total calculated
    $80,000
    From this org
    $80,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    60

  • Brynn Kolada

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dave Hepler

    BOARD MEMBER

    Total calculated
    $3,600
    From this org
    $3,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Gary Blumberg

    ASST. BOARD CHAIRMAN AND TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Joe Macklin

    SECRETARY

    Total calculated
    $630
    From this org
    $630
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Charlie 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
2022
Filed
24 January 2024
IRS schema version
2022v5.0
Source object
202420319349301517

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