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← STATE FUNDING DEVILS

Form 990 for tax year 2023

Filed by STATE FUNDING DEVILS.

Totals

Total revenue
$75,298
Total expenses
$24,336
Contributions and grants received
$0
Grants paid
$14,700
Program service revenue
$0
Investment income
$0
Other revenue
$75,298
Total assets, end of year
$338,404
Total liabilities, end of year
$250,000
Net assets or fund balances, end of year
$88,404
Program services expenses (Part IX)
$14,700
Management and general expenses
$9,290
Fundraising expenses
$346
Program service expenses (Part III)
$14,700

Program services were 60.4% 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.

  • 8a · Fundraising events: gross income

    $160,023

  • 8b · Fundraising events: direct expenses

    $84,725

  • 8c · Net income from fundraising events

    total $75,298 · excluded $75,298

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,700 · program services $14,700

  • 13 · Office expenses

    total $3,463 · management and general $3,463

  • 14 · Information technology

    total $2,960 · management and general $2,960

  • 19 · Conferences, conventions and meetings

    total $1,325 · management and general $1,325

  • 22 · Depreciation, depletion and amortization

    total $346 · fundraising $346

  • 23 · Insurance

    total $1,542 · management and general $1,542

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $37,097 · end of year $338,404

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

    $6,000

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

    $6,000

  • 10c · Land, buildings and equipment, net

    beginning of year $346 · end of year $0

  • 24 · Unsecured notes and loans payable

    end of year $250,000

  • 27 · Net assets without donor restrictions

    beginning of year $37,443 · end of year $88,404

Mission and programs · 2023

Mission

THE ORGANIZATION'S MISSION IS TO SUPPORT ARIZONA STATE UNIVERSITY SUN DEVILS' STUDENT ATHLETIC PROGRAMS THROUGH GRANTS AND RAISING AWARENESS OF THE PROGRAMS.

Activities or mission (Part I)

STATE FUNDING DEVILS IS A NEWLY FORMED NONPROFIT CORPORATION THAT IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND LITERARY PURPOSE WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"). THE ORGANIZATION INTENDS TO MAKE GIFTS, GRANTS AND/OR PROVIDE OTHER PAYMENTS OR SERVICES FOR CHARITABLE AND EDUCATIONAL PURPOSES TO ARIZONA STATE UNIVERSITY, OR OTHER CHARITIES, FOR THE BENEFIT OF ARIZONA STATE UNIVERSITY'S STUDENT ATHLETES IN BOTH THEIR ATHLETIC AND EDUCATIONAL GOALS.A "CHARITABLE" PURPOSE IS ONE OF THE SEVEN EXEMPT PURPOSES SPECIFIED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE ''CODE"). ACCORDING TO THE TREASURY REGULATIONS, THE TERM CHARITABLE IS TO BE INTERPRETED IN ITS GENERALLY ACCEPTED LEGAL SENSE AND INCLUDES, AND INCLUDES THE ADVANCEMENT OF EDUCATION, WHICH STATE FUNDING DEVILS DOES THROUGH ITS GRANTS TO ARIZONA STATE UNIVERSITY FOR SCHOLARSHIPS. SEE TREAS. REG. SECTION 1.50L(C)(3)-L(D)(2). MOREOVER, AMATEUR

  • THE ORGANIZATION HOSTS ONE EVENT DESIGNED TO RAISE (I) AWARENESS OF THE ARIZONA STATE UNIVERSITY ATHLETIC PROGRAMS, AND (II) FUNDS FOR STUDENT SCHOLARSHIPS AND PROGRAMS, ARE: THE BEST TAILGATE IN COLLEGE FOOTBALL. PROCEEDS FROM SOLICITATIONS FROM THE GENERAL PUBLIC IN ITS LONE FUNDRAISING EVENTS, MEMBERSHIP DUES, AND POTENTIAL FOUNDATION GRANTS FUND GRANTS TO ARIZONA STATE UNIVERSITY OR TO 501(C)(3) PUBLIC CHARITY ORGANIZATIONS SUPPORTING STUDENT ATHLETICS AT ARIZONA STATE UNIVERSITY. THE OFFICERS, DIRECTORS, AND VOLUNTEERS OF THE ORGANIZATION WILL CARRY OUT THE ACTIVITIES OF THE ORGANIZATION.

    Expenses $14,700 · Grants $14,700

As filed on the 2023 return.

Listed in Part VII

  • Michael J Olsen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Chad Gosar

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Brent Moser

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Brian Friedman

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Keaton Merrell

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Scott Holland

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Robert N Briar

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Michael J Didomenico

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jeff Burg

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Armand Slason

    TREASURER

    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
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349325280

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