Civic Intelligence

Stadium Managers Scholarship Foundation

990 • Fiscal year 2023 • EIN 20-3687505

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 26, 2024

6919 Vista DriveWest Des Moines, IA 50266

(515) 282-8192

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

63rd percentile

0.00x

Higher debt load relative to assets than 63% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

96th percentile

81%

Higher net margin than 96% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

88th percentile

65%

Faster asset growth than 88% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

96th percentile

260%

Faster revenue growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$293,638

Up $115,150 (+65%) from 2022

Net Assets

Up

$292,373

Up $115,179 (+65%) from 2022

Liabilities

Down

$1,265

Down $29 (-2.2%) from 2022

Revenue

Up

$136,052

Up $98,221 (+260%) from 2022

Expenses

Up

$26,221

Up $6,278 (+31%) from 2022

Net Income

Up

$109,831

Up $91,943 (+514%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2018: $139,616Net Assets 2018: $139,6162018Assets 2019: $155,650Liabilities 2019: $6,501Net Assets 2019: $149,1492019Assets 2020: $156,698Net Assets 2020: $156,6982020Assets 2021: $170,706Net Assets 2021: $170,7062021Assets 2022: $178,488Liabilities 2022: $1,294Net Assets 2022: $177,1942022Assets 2023: $293,638Liabilities 2023: $1,265Net Assets 2023: $292,3732023Assets 2024: $319,894Liabilities 2024: $2,645Net Assets 2024: $317,2492024

Highlighted filing

2023

Assets$293,638
Liabilities$1,265
Net Assets$292,373

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2018: $120,410Expenses 2018: $18,457Net Income 2018: $101,9532018Revenue 2019: $31,316Expenses 2019: $20,848Net Income 2019: $10,4682019Revenue 2020: $33,769Expenses 2020: $18,110Net Income 2020: $15,6592020Revenue 2021: $15,563Expenses 2021: $17,030Net Income 2021: -$1,4672021Revenue 2022: $37,831Expenses 2022: $19,943Net Income 2022: $17,8882022Revenue 2023: $136,052Expenses 2023: $26,221Net Income 2023: $109,8312023Revenue 2024: $67,448Expenses 2024: $48,189Net Income 2024: $19,2592024

Highlighted filing

2023

Revenue$136,052
Expenses$26,221
Net Income$109,831
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 26, 2024
Return Version
2022v5.0
Gross Receipts
$226,676
Mission and Program Overview

Mission

Provide financial assistance (scholarship grants) to persons pursuing undergraduate and graduate studies at an accredited college or university that will prepare them for a career in the stadium management industry or related fields. The scholarship foundation will provide this assistance to individuals who demonstrate academic ability, industry experience, community service participation, and financial need.

To provide financial assistance to persons pursuing undergraduate and graduate studies at an accredited college or university that will prepare them for a career in the stadium management industry or related fields.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$173,938$195,071▲ $21,133
Investments in Publicly Traded Securities-$82,492-
Investments Other Securities-$16,075-
Accounts Receivable$4,550--
Total Assets$178,488$293,638▲ $115,150
Liabilities
Accounts Payable and Accrued Expenses$1,294$1,265▼ $29
Total Liabilities$1,294$1,265▼ $29
Net Assets / Fund Balance
Net Assets With Donor Restrictions$88,310$180,936▲ $92,626
Net Assets Without Donor Restrictions$88,884$111,437▲ $22,553
Total Net Assets Fund Balance$177,194$292,373▲ $115,179
Total Liabilities and Net Assets / Fund Balance$178,488$293,638▲ $115,150

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$16,075--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$123,412
Program Service Revenue
$0
Investment Income
$393
Other Revenue
$12,247
All Other Contributions
$107,307
Change in Net Assets
$109,831
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,021
Grants and Similar Amounts Paid$12,200
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$12,200--$12,200
Fees for Services Management$3,721$4,735-$8,456
Travel$2,011--$2,011
Office Expenses$421$851-$1,272
Fees for Service Investment Mgmnt Fees-$1,182-$1,182
Fees for Services Accounting-$1,100-$1,100
Total Functional Expenses$18,353$7,868$0$26,221
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$46,100
Fundraising Direct Expenses$33,983
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auctions$41,850$27,785-$27,785
Golf Outing$20,355$18,315$210$18,105
Total Events$62,205$46,100$33,983$12,117
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The organization has a contract with diversified management services, inc. For management services, including supervising, planning and executing the financial operations and exempt functions of the organization. Diversified management services, inc. Employs jeana schultz, who is the executive director for stadium managers scholarship foundation. For calendar year 2022, jeana's portion of compensation and benefits from diversified management services, inc. That related to her services for stadium managers scholarship foundation totaled 2,008.

Form 990, Page 6, Part VI, Line 11B

The form 990 is presented at a board meeting for the board to review and approve.

Form 990, Page 6, Part VI, Line 12C

Any member of the sma foundation board, any committee or staff who is an officer, board member, a committee member or staff member of any other related organization shall disclose to the sma foundation any personal interest that he or she may have in any matter pending before the sma foundation and shall refrain from participation in any decision on such matter. The decision on any potential conflicts of interest must be made and/or ratified by the full board. All board members, committee members, or staff must complete and sign a conflict of interest statement annually.

Form 990, Page 6, Part VI, Line 19

The organization provides the bylaws, articles of incorporation, and financial statements upon request. These documents are available for the same period of time as described in internal revenue code section 6104(d) for other public disclosure documents.

Filing and Contact Details

Filer

Filer Name
Stadium Managers Scholarship
EIN
20-3687505
Phone
5152828192
Address
6919 VISTA DRIVE, WEST DES MOINES, IA 50266

Signing Officer

Name
Pam Mcnealy Powell
Title
Director
Phone
5152828192
Signed
2024-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ken Curry
Formed
2006
Legal Domicile
Ia
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
18

Preparer

Firm
Mhcs Pc
Address
1601 W LAKES PKWY STE 300, WEST DES MOINES, IA 50266
Preparer
Alexandra Kafer CPA
Phone
5152883279
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Provide financial assistance (scholarship grants) to persons pursuing undergraduate and graduate studies at an accredited college or university that will prepare them for a career in the stadium management industry or related fields. The scholarship foundation will provide this assistance to individuals who demonstrate academic ability, industry experience, community service participation, and financial need.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0123412
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt036935
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt014970
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt036941
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt036941
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt032614
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0RBC - CASH & CASH ALTERNATIVES
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IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent2Amt0900
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt014065
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt041850
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt020355
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt027785
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt018315
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt046100
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt012117
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt020164
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IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0210
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0210
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt03
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIP APPLICANTS MUST HAVE COMPLETED A MINIMUM OF TWO YEARS OF STUDY OR BE CLASSIFIED AS A JUNIOR, MUST BE CLASSIFIED AS A FULL-TIME STUDENT BY THEIR UNIVERSITY FOR THE ENTIRE SCHOLARSHIP YEAR, AND MUST HAVE ACTIVELY PERFORMED WORTHY COMMUNITY SERVICE AND HAVE STADIUM-RELATED WORK EXPERIENCE. APPLICATIONS ARE DUE APRIL 30TH AND MUST INCLUDE A COPY OF THE COLLEGE TRANSCRIPT, THREE LETTERS OF REFERENCE, A WRITTEN ESSAY, AND RESUME. IF AT ANY TIME, THE SCHOLARSHIP RECIPIENT IS NO LONGER ENROLLED AS A FULL- TIME STUDENT, THE UNIVERSITY WILL INFORM THE SMA FOUNDATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDE FINANCIAL ASSISTANCE (SCHOLARSHIP GRANTS) TO PERSONS PURSUING UNDERGRADUATE AND GRADUATE STUDIES AT AN ACCREDITED COLLEGE OR UNIVERSITY THAT WILL PREPARE THEM FOR A CAREER IN THE STADIUM MANAGEMENT INDUSTRY OR RELATED FIELDS. THE SCHOLARSHIP FOUNDATION WILL PROVIDE THIS ASSISTANCE TO INDIVIDUALS WHO DEMONSTRATE ACADEMIC ABILITY, INDUSTRY EXPERIENCE, COMMUNITY SERVICE PARTICIPATION, AND FINANCIAL NEED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A CONTRACT WITH DIVERSIFIED MANAGEMENT SERVICES, INC. FOR MANAGEMENT SERVICES, INCLUDING SUPERVISING, PLANNING AND EXECUTING THE FINANCIAL OPERATIONS AND EXEMPT FUNCTIONS OF THE ORGANIZATION. DIVERSIFIED MANAGEMENT SERVICES, INC. EMPLOYS JEANA SCHULTZ, WHO IS THE EXECUTIVE DIRECTOR FOR STADIUM MANAGERS SCHOLARSHIP FOUNDATION. FOR CALENDAR YEAR 2022, JEANA'S PORTION OF COMPENSATION AND BENEFITS FROM DIVERSIFIED MANAGEMENT SERVICES, INC. THAT RELATED TO HER SERVICES FOR STADIUM MANAGERS SCHOLARSHIP FOUNDATION TOTALED 2,008.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PRESENTED AT A BOARD MEETING FOR THE BOARD TO REVIEW AND APPROVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY MEMBER OF THE SMA FOUNDATION BOARD, ANY COMMITTEE OR STAFF WHO IS AN OFFICER, BOARD MEMBER, A COMMITTEE MEMBER OR STAFF MEMBER OF ANY OTHER RELATED ORGANIZATION SHALL DISCLOSE TO THE SMA FOUNDATION ANY PERSONAL INTEREST THAT HE OR SHE MAY HAVE IN ANY MATTER PENDING BEFORE THE SMA FOUNDATION AND SHALL REFRAIN FROM PARTICIPATION IN ANY DECISION ON SUCH MATTER. THE DECISION ON ANY POTENTIAL CONFLICTS OF INTEREST MUST BE MADE AND/OR RATIFIED BY THE FULL BOARD. ALL BOARD MEMBERS, COMMITTEE MEMBERS, OR STAFF MUST COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION PROVIDES THE BYLAWS, ARTICLES OF INCORPORATION, AND FINANCIAL STATEMENTS UPON REQUEST. THESE DOCUMENTS ARE AVAILABLE FOR THE SAME PERIOD OF TIME AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 6104(D) FOR OTHER PUBLIC DISCLOSURE DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0136052
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IRS990/TravelGrp/ProgramServicesAmt02011
IRS990/TravelGrp/TotalAmt02011
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PAM MCNEALY POWELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05152828192

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