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Nonprofiteer
← FUTURE STARS SERIES FOUNDATION

Form 990 for tax year 2022

Filed by FUTURE STARS SERIES FOUNDATION.

Totals

Total revenue
$497,524
Total expenses
$501,868
Contributions and grants received
$497,524
Grants paid
$35,436
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,667
Total liabilities, end of year
$279,339
Net assets or fund balances, end of year
-$276,672
Program services expenses (Part IX)
$501,868
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$501,868

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $497,524

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $35,436 · program services $35,436

  • 7 · Other salaries and wages

    total $33,544 · program services $33,544

  • 10 · Payroll taxes

    total $2,788 · program services $2,788

  • 11c · Fees: accounting

    total $5,398 · program services $5,398

  • 11g · Fees: other

    total $323,799 · program services $323,799

  • 13 · Office expenses

    total $155 · program services $155

  • 16 · Occupancy

    total $2,700 · program services $2,700

  • 17 · Travel

    total $98,048 · program services $98,048

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $57 · end of year $2,667

  • 22 · Loans and payables to officers and key people

    beginning of year $272,385 · end of year $277,957

  • 25 · Other liabilities

    end of year $1,382

  • 27 · Net assets without donor restrictions

    beginning of year -$272,328 · end of year -$276,672

Mission and programs · 2022

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 $501,868 · Grants $35,436

As filed on the 2022 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

  • Morgan Haase

    SECRETARY &

    Total calculated
    $0

  • Kenya Hayes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Neil Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chris Capozi

    DIRECTOR

    Total calculated
    $0

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
27 September 2023
IRS schema version
2022v5.0
Source object
202342899349301244

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