Civic Intelligence

Sting Soccer Foundation

990 • Fiscal year 2020 • EIN 26-1463492

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

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

77th percentile

0.41x

Higher debt load relative to assets than 77% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

64th percentile

0.24x

Higher debt load relative to revenue than 64% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

41st percentile

1.4%

Higher net margin than 41% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

61st percentile

11%

Faster asset growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

90th percentile

68%

Faster revenue growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,227,353

Up $124,102 (+11%) from 2019

Net Assets

Up

$725,363

Up $34,014 (+4.9%) from 2019

Liabilities

Up

$501,990

Up $90,088 (+22%) from 2019

Revenue

Up

$2,058,566

Up $835,580 (+68%) from 2019

Expenses

Up

$2,029,803

Up $352,278 (+21%) from 2019

Net Income

Up

$28,763

Up $483,302 (+106%) from 2019

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

2020

Assets$1,227,353
Liabilities$501,990
Net Assets$725,363

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

2020

Revenue$2,058,566
Expenses$2,029,803
Net Income$28,763
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$2,080,486
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$691,349$725,363▲ $34,014
Cash and Non-Interest-Bearing Accounts$473,177$643,581▲ $170,404
Land, Buildings, and Equipment, Net$49,369$94,237▲ $44,868
Accounts Receivable$413,768$82,703▼ $331,065
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,103,251$1,227,353▲ $124,102
Other Assets Total$166,937$406,832▲ $239,895
Liabilities
Other Liabilities$402,877$467,091▲ $64,214
Accounts Payable and Accrued Expenses$9,025$34,899▲ $25,874
Total Liabilities$411,902$501,990▲ $90,088
Net Assets / Fund Balance
Total Net Assets Fund Balance$691,349$725,363▲ $34,014
Total Liabilities and Net Assets / Fund Balance$1,103,251$1,227,353▲ $124,102

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$94,237$171,403$265,640
Other Assets Org$200--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alexa SultzbaughPresident
Sage WilsonVice President
Brent CoralliAdvisor
Erin MedinaAdvisor
Connie SeelhorstSecretary
Steven SultzbaughTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$580,376
Program Service Revenue
$1,461,465
Investment Income
$0
Other Revenue
$16,725
All Other Contributions
$571,915
Change in Net Assets
$28,763
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,411,213
Grants and Similar Amounts Paid$618,590
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$618,590--$618,590
Fees for Services Other$564,783$15,400-$580,183
Fees for Services Management$134,921--$134,921
Fees for Services Legal-$21,685-$21,685
Depreciation Depletion$20,732--$20,732
Other Expenses$16,464--$16,464
Office Expenses-$7,940-$7,940
Fees for Services Accounting-$3,000-$3,000
All Other Expenses$2,391--$2,391
Interest-$1,825-$1,825
Travel$844--$844
Advertising$700--$700
Total Functional Expenses$1,979,953$49,850$0$2,029,803
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$21,920
Fundraising Gross Income$21,920
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pink T$30,381$21,920$21,920$0
Total Events$30,381$21,920$21,920$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$400,000
Lights Iv$54,667
Due to Sting Soccer Group$8,337
Amex$3,851
Due to Sting Group Holdings$236
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
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brent L Coralli
Formed
2007
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
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 564,783. Management and general expenses 15,400. Fundraising expenses 0. Total expenses 580,183.

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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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt07870
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1118071
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2263888
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt315294
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt41509
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5200
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM ROYAL NATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROCESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM STING
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DUE FROM TEXAS TITANS FC
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4DUE FROM SAN ANTONIO TEAMS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5DUE FROM CORPUS DIVISIONAL FUND
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt094237
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0171403
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0265640
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0400000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt154667
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2236
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt38337
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt43851
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNEARNED INCOME
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LIGHTS IV
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO STING GROUP HOLDINGS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO STING SOCCER GROUP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4AMEX
IRS990ScheduleD/TotalBookValueLandBuildingsAmt094237
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0406832
IRS990ScheduleD/TotalLiabilityAmt0467091
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt08461
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt08461
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt021920
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0PINK T
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt030381
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt030381
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt021920
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt021920
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt021920
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt021920
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0MEMBERSHIP DUES, UNIFORMS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt079608
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0124
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 564,783. MANAGEMENT AND GENERAL EXPENSES 15,400. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 580,183.
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/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/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt05000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1129921
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt2580183
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt38573
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt469569
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt5287052
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/TransactionTypeTxt3E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt4R
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt5D
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01103251

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