Civic Intelligence

Sting Soccer Foundation

990 • Fiscal year 2018 • EIN 26-1463492

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

4145 Beltline Road Suite 212-192Addison, TX 75001

(214) 213-5633

Siviq Scores

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

Liabilities / Assets

36th percentile

0.03x

Higher debt load relative to assets than 36% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

28th percentile

0.02x

Higher debt load relative to revenue than 28% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

85th percentile

33%

Higher net margin than 85% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

94th percentile

70%

Faster asset growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

60th percentile

8.2%

Faster revenue growth than 60% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,183,125

Up $488,610 (+70%) from 2017

Net Assets

Up

$1,145,888

Up $510,101 (+80%) from 2017

Liabilities

Down

$37,237

Down $21,491 (-37%) from 2017

Revenue

Up

$1,558,186

Up $118,512 (+8.2%) from 2017

Expenses

Down

$1,048,085

Down $84,217 (-7.4%) from 2017

Net Income

Up

$510,101

Up $202,729 (+66%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2016: $339,464Liabilities 2016: $11,049Net Assets 2016: $328,4152016Assets 2017: $694,515Liabilities 2017: $58,728Net Assets 2017: $635,7872017Assets 2018: $1,183,125Liabilities 2018: $37,237Net Assets 2018: $1,145,8882018Assets 2019: $1,103,251Liabilities 2019: $411,902Net Assets 2019: $691,3492019Assets 2020: $1,227,353Liabilities 2020: $501,990Net Assets 2020: $725,3632020Assets 2021: $1,646,462Liabilities 2021: $763,383Net Assets 2021: $883,0792021Assets 2022: $2,664,550Liabilities 2022: $1,431,822Net Assets 2022: $1,232,7282022Assets 2023: $2,702,120Liabilities 2023: $1,561,715Net Assets 2023: $1,140,4052023Assets 2024: $1,870,588Liabilities 2024: $113,941Net Assets 2024: $1,756,6472024

Highlighted filing

2018

Assets$1,183,125
Liabilities$37,237
Net Assets$1,145,888

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $1,184,308Expenses 2016: $1,221,240Net Income 2016: -$36,9322016Revenue 2017: $1,439,674Expenses 2017: $1,132,302Net Income 2017: $307,3722017Revenue 2018: $1,558,186Expenses 2018: $1,048,085Net Income 2018: $510,1012018Revenue 2019: $1,222,986Expenses 2019: $1,677,525Net Income 2019: -$454,5392019Revenue 2020: $2,058,566Expenses 2020: $2,029,803Net Income 2020: $28,7632020Revenue 2021: $1,671,370Expenses 2021: $1,513,654Net Income 2021: $157,7162021Revenue 2022: $2,499,858Expenses 2022: $2,150,209Net Income 2022: $349,6492022Revenue 2023: $471,499Expenses 2023: $563,822Net Income 2023: -$92,3232023Revenue 2024: $1,783,839Expenses 2024: $1,056,087Net Income 2024: $727,7522024

Highlighted filing

2018

Revenue$1,558,186
Expenses$1,048,085
Net Income$510,101
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$1,558,186
Mission and Program Overview

Mission

The primary mission of sting soccer foundation is to promote the exchange of information about soccer, to develop and promote continuing education programs, and to participate in any other way in the advancement of the sport of soccer.

Providing scholarships to young soccer players in need of financial assistance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$635,787$1,145,888▲ $510,101
Cash and Non-Interest-Bearing Accounts$389,609$684,619▲ $295,010
Accounts Receivable$216,760$324,487▲ $107,727
Land, Buildings, and Equipment, Net$78,546$69,398▼ $9,148
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$694,515$1,183,125▲ $488,610
Other Assets Total$9,600$104,621▲ $95,021
Liabilities
Other Liabilities$31,038$31,879▲ $841
Mortgage Notes Payable Secured by Investment Property$27,690$4,425▼ $23,265
Accounts Payable and Accrued Expenses-$933-
Total Liabilities$58,728$37,237▼ $21,491
Net Assets / Fund Balance
Total Net Assets Fund Balance$635,787$1,145,888▲ $510,101
Total Liabilities and Net Assets / Fund Balance$694,515$1,183,125▲ $488,610

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$69,398$128,677$198,075
Other Assets Org$89,051--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brent CoralliPresident
Alexa SultzbaughVice President
Steven SultzbaughAdvisor
Connie SeelhorstSecretary
Stefanie ParksTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$480,888
Program Service Revenue
$1,055,910
Investment Income
$0
Other Revenue
$21,388
All Other Contributions
$331,198
Change in Net Assets
$510,101
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$950,118
Grants and Similar Amounts Paid$97,967
Total Fundraising Expense$1,484
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$504,173$14,202-$518,375
Fees for Services Management$258,010--$258,010
Grants to Domestic Individuals$97,967--$97,967
Depreciation Depletion$26,333--$26,333
Fees for Services Legal-$14,003-$14,003
Office Expenses-$3,968$1,484$5,452
Other Expenses$1,746--$1,746
Travel$1,477--$1,477
Interest-$1,203-$1,203
Fees for Services Accounting-$1,188-$1,188
Advertising-$124-$124
Total Functional Expenses$1,011,913$34,688$1,484$1,048,085
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Scrip/firstgiving Donations$114,303---
Soccer Marathon Tournaments$12,715---
Total Events$149,690---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Gh$22,241
Reserve Accounts$5,251
Due to Sting Soccer$3,245
Due to San Antonio Teams$1,142
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by sting soccer foundation officers after preparation.

Form 990, Part VI, Section C, Line 19

Governing documents, policies, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Sting Soccer Foundation
EIN
26-1463492
Phone
2142135633
Address
4145 BELTLINE ROAD SUITE 212-192, ADDISON, TX 75001

Signing Officer

Name
Brent L Coralli
Title
President
Phone
2142135633
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brent L Coralli
Formed
2007
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Kha Accountants Pllc
Address
2717 WIND RIVER LANE SUITE 130, DENTON, TX 76210
Preparer
Cynthia Grieco
Phone
9405919300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contract labor: program service expenses 504,173. Management and general expenses 14,202. Fundraising expenses 0. Total expenses 518,375.

Raw XML AppendixShowing 400 of 458 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01142
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15251
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23245
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt322241
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SAN ANTONIO TEAMS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RESERVE ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO STING SOCCER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO GH
IRS990ScheduleD/TotalBookValueLandBuildingsAmt069398
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0104621
IRS990ScheduleD/TotalLiabilityAmt031879
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0149690
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0114303
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt012715
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt022672
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SCRIP/FIRSTGIVING DONATIONS
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SOCCER MARATHON TOURNAMENTS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0114303
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt012715
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt022672
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0149690
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt078811
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0MEMBERSHIP DUES, UNIFORMS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0121
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS ALL REQUESTS FOR GRANT FUNDS AND OVERSEES THE PAYMENTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY STING SOCCER FOUNDATION OFFICERS AFTER PREPARATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONTRACT LABOR: PROGRAM SERVICE EXPENSES 504,173. MANAGEMENT AND GENERAL EXPENSES 14,202. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 518,375.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0208637144
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0RELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0SERVICE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0CORALLI FAMILY LIMITED PARTNERSHIP LTD
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt04145 BELTLINE RD STE 212-192
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0ADDISON
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd075001
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt014803
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt12737
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt21540
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt370752
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt4169718
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt5504173
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0PAYMENTS MADE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1PAYMENTS MADE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2PAYMENTS MADE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3PAYMENTS MADE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt4PAYMENTS MADE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt5PAYMENTS MADE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CORALLI FAMILY LIMITED PARTNERSHIP LTD
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1CORALLI FAMILY LIMITED PARTNERSHIP LTD
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2CORALLI FAMILY LIMITED PARTNERSHIP LTD
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt3CORALLI FAMILY LIMITED PARTNERSHIP LTD
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt4CORALLI FAMILY LIMITED PARTNERSHIP LTD
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt5CORALLI FAMILY LIMITED PARTNERSHIP LTD
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt3M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt4M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt5O
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0694515
IRS990/TotalAssetsEOYAmt01183125
IRS990/TotalAssetsGrp/BOYAmt0694515
IRS990/TotalAssetsGrp/EOYAmt01183125
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0480888
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01484
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034688
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01011913
IRS990/TotalFunctionalExpensesGrp/TotalAmt01048085
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt058728
IRS990/TotalLiabilitiesEOYAmt037237
IRS990/TotalLiabilitiesGrp/BOYAmt058728
IRS990/TotalLiabilitiesGrp/EOYAmt037237
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0635787
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01145888
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01011913
IRS990/TotalProgramServiceRevenueAmt01055910

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