Civic Intelligence

Sting Soccer Foundation

990 • Fiscal year 2019 • EIN 26-1463492

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

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

76th percentile

0.37x

Higher debt load relative to assets than 76% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

74th percentile

0.34x

Higher debt load relative to revenue than 74% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

8th percentile

-37%

Higher net margin than 8% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

16th percentile

-6.8%

Faster asset growth than 16% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

14th percentile

-22%

Faster revenue growth than 14% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,103,251

Down $79,874 (-6.8%) from 2018

Net Assets

Down

$691,349

Down $454,539 (-40%) from 2018

Liabilities

Up

$411,902

Up $374,665 (+1006%) from 2018

Revenue

Down

$1,222,986

Down $335,200 (-22%) from 2018

Expenses

Up

$1,677,525

Up $629,440 (+60%) from 2018

Net Income

Down

-$454,539

Down $964,640 (-189%) from 2018

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

2019

Assets$1,103,251
Liabilities$411,902
Net Assets$691,349

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

2019

Revenue$1,222,986
Expenses$1,677,525
Net Income-$454,539
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$1,223,386
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$1,145,888$691,349▼ $454,539
Cash and Non-Interest-Bearing Accounts$684,619$473,177▼ $211,442
Accounts Receivable$324,487$413,768▲ $89,281
Land, Buildings, and Equipment, Net$69,398$49,369▼ $20,029
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,183,125$1,103,251▼ $79,874
Other Assets Total$104,621$166,937▲ $62,316
Liabilities
Other Liabilities$31,879$402,877▲ $370,998
Accounts Payable and Accrued Expenses$933$9,025▲ $8,092
Mortgage Notes Payable Secured by Investment Property$4,425$0▼ $4,425
Total Liabilities$37,237$411,902▲ $374,665
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,145,888$691,349▼ $454,539
Total Liabilities and Net Assets / Fund Balance$1,183,125$1,103,251▼ $79,874

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$49,369$150,671$200,040
Other Assets Org$70,016--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brent CoralliPresident
Alexa SultzbaughVice President
Kyle WilsonAdvisor
Connie SeelhorstSecretary
Steven SultzbaughTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$414,515
Program Service Revenue
$795,358
Investment Income
$0
Other Revenue
$13,113
All Other Contributions
$379,514
Change in Net Assets
$-454,539
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,372,842
Grants and Similar Amounts Paid$304,683
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$371,729$7,200-$378,929
Grants to Domestic Individuals$304,683--$304,683
Fees for Services Management$272,542--$272,542
Fees for Services Legal-$65,552-$65,552
All Other Expenses$35,012--$35,012
Other Expenses$22,068--$22,068
Depreciation Depletion$21,994--$21,994
Office Expenses-$2,660-$2,660
Travel$619--$619
Interest-$295-$295
Total Functional Expenses$1,601,818$75,707$0$1,677,525
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$400
Fundraising Gross Income$400
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pink T$5,994---
Soccer Marathon Tournaments$26,895$400$400$0
Total Events$35,401$400$400$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unearned Income$394,542
Reserve Accounts$5,251
Corpus Divisional Fund$1,942
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 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
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Alexa sultzbaugh and steven sultzbaugh are husband and wife.

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
2020-11-16
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 371,729. Management and general expenses 7,200. Fundraising expenses 0. Total expenses 378,929.

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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/OtherLandBuildingsGrp/DepreciationAmt0150671
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0200040
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01142
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15251
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2394542
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31942
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SAN ANTONIO TEAMS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RESERVE ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2UNEARNED INCOME
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3CORPUS DIVISIONAL FUND
IRS990ScheduleD/TotalBookValueLandBuildingsAmt049369
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0166937
IRS990ScheduleD/TotalLiabilityAmt0402877
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt035001
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt05994
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt026495
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt02512
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0400
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0PINK T
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SOCCER MARATHON TOURNAMENTS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt05994
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt026895
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt02512
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt035401
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0400
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0400
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0400
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0400
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0304683
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0MEMBERSHIP DUES, UNIFORMS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0195
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/ExplanationTxt0ALEXA SULTZBAUGH AND STEVEN SULTZBAUGH ARE HUSBAND AND WIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY STING SOCCER FOUNDATION OFFICERS AFTER PREPARATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONTRACT LABOR: PROGRAM SERVICE EXPENSES 371,729. MANAGEMENT AND GENERAL EXPENSES 7,200. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 378,929.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
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/InvolvedAmt083300
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1146775
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt2371729
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt332603
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt43917
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt5247337
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/TransactionTypeTxt2O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt3M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt4M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt5B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01183125
IRS990/TotalAssetsEOYAmt01103251
IRS990/TotalAssetsGrp/BOYAmt01183125
IRS990/TotalAssetsGrp/EOYAmt01103251
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0414515
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt075707
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01601818
IRS990/TotalFunctionalExpensesGrp/TotalAmt01677525
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt037237
IRS990/TotalLiabilitiesEOYAmt0411902
IRS990/TotalLiabilitiesGrp/BOYAmt037237

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