Civic Intelligence

Shadow Student Athlete Development Services Inc.

990 • Fiscal year 2021 • EIN 45-4650077

Jan 01, 2021 to Dec 31, 2021 • Filed on May 09, 2022

PO Box 60011Pittsburgh, PA 15211

(412) 980-6481

Siviq Scores

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

Liabilities / Assets

95th percentile

1.04x

Higher debt load relative to assets than 95% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

90th percentile

0.48x

Higher debt load relative to revenue than 90% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

13th percentile

-41%

Higher net margin than 13% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

98th percentile

$113,548

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 41.8% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

7th percentile

-55%

Faster asset growth than 7% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

47th percentile

0.0%

Faster revenue growth than 47% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$124,776

Down $151,383 (-55%) from 2020

Net Assets

Down

-$4,657

Down $112,279 (-104%) from 2020

Liabilities

Down

$129,433

Down $39,104 (-23%) from 2020

Revenue

Up

$271,335

Up $69 (+0.0%) from 2020

Expenses

Up

$383,614

Up $64,982 (+20%) from 2020

Net Income

Down

-$112,279

Down $64,913 (-137%) from 2020

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2016: $128,801Liabilities 2016: $16,377Net Assets 2016: $112,4242016Assets 2017: $27,972Liabilities 2017: $5,455Net Assets 2017: $22,5172017Assets 2018: $32,567Liabilities 2018: $36,616Net Assets 2018: -$4,0492018Assets 2019: $445,671Liabilities 2019: $290,685Net Assets 2019: $154,9862019Assets 2020: $276,159Liabilities 2020: $168,537Net Assets 2020: $107,6222020Assets 2021: $124,776Liabilities 2021: $129,433Net Assets 2021: -$4,6572021Assets 2022: $56,132Liabilities 2022: $127,927Net Assets 2022: -$71,7952022Assets 2023: $131,294Liabilities 2023: $136,650Net Assets 2023: -$5,3562023Assets 2024: $172,661Liabilities 2024: $207,450Net Assets 2024: -$34,7892024

Highlighted filing

2021

Assets$124,776
Liabilities$129,433
Net Assets-$4,657

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2016: $413,287Expenses 2016: $413,281Net Income 2016: $62016Revenue 2017: $199,021Expenses 2017: $340,528Net Income 2017: -$141,5072017Revenue 2018: $304,769Expenses 2018: $363,735Net Income 2018: -$58,9662018Revenue 2019: $525,184Expenses 2019: $421,648Net Income 2019: $103,5362019Revenue 2020: $271,266Expenses 2020: $318,632Net Income 2020: -$47,3662020Revenue 2021: $271,335Expenses 2021: $383,614Net Income 2021: -$112,2792021Revenue 2022: $200,636Expenses 2022: $267,774Net Income 2022: -$67,1382022Revenue 2023: $338,253Expenses 2023: $271,814Net Income 2023: $66,4392023Revenue 2024: $435,674Expenses 2024: $515,107Net Income 2024: -$79,4332024

Highlighted filing

2021

Revenue$271,335
Expenses$383,614
Net Income-$112,279
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 9, 2022
Return Version
2021v4.1
Gross Receipts
$271,335
Mission and Program Overview

Mission

The organization assists student athletes in transitioning their competitive nature into a classroom

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$204,117$69,576▼ $134,541
Land, Buildings, and Equipment, Net$49,292$54,000▲ $4,708
Accounts Receivable$21,550$0▼ $21,550
Prepaid Expenses and Deferred Charges$1,200$1,200→ $0
Loans From Officers Directors$958$188▼ $770
Total Assets$276,159$124,776▼ $151,383
Liabilities
Accounts Payable and Accrued Expenses$159,157$115,900▼ $43,257
Other Liabilities$8,422$13,345▲ $4,923
Total Liabilities$168,537$129,433▼ $39,104
Net Assets / Fund Balance
Net Assets With Donor Restrictions$43,505$0▼ $43,505
Net Assets Without Donor Restrictions$64,117$-4,657▼ $68,774
Total Net Assets Fund Balance$107,622$-4,657▼ $112,279
Total Liabilities and Net Assets / Fund Balance$276,159$124,776▼ $151,383

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$54,000$0$54,000
Equipment$0$14,689$14,689
Leasehold Improvements$0$5,058$5,058
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Devon MaddenExecutive DirectorFT$113,548$113,548

Board Members and Trustees

NameTitle
Matthew KhouriChairman
Dewayne BrownVice Chairman
Christian BuggeyBoard Member
Carmell BrownSecretary
Arthur BeckTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$193,325
Program Service Revenue
$38,700
Investment Income
$0
Other Revenue
$39,310
All Other Contributions
$193,325
Change in Net Assets
$-112,279
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$220,938
Salaries, Compensation, and Employee Benefits$162,676
Total Fundraising Expense$11,518
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$90,839$17,032$5,677$113,548
Fees for Services Other$69,633$19,387$0$89,020
Other Salaries and Wages$31,497$5,905$1,969$39,371
Office Expenses$10,506$7,277$657$18,440
Occupancy$13,711$1,545$537$15,793
Fees for Services Accounting$0$12,804$0$12,804
Insurance$7,891$1,778$2,185$11,854
Payroll Taxes$7,805$1,464$488$9,757
Travel$8,901$454$5$9,360
Other Expenses$4,330$0$0$4,330
Advertising$0$1,094$0$1,094
Total Functional Expenses$302,960$69,136$11,518$383,614
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$39,310
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$39,310$39,310-$39,310
Total Events$39,310$39,310-$39,310
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$958$188▼ $770
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$7,952
Accrued Interest$5,393
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Filing and Contact Details

Filer

Filer Name
Shadow Student Athlete Development Services Inc
EIN
45-4650077
Phone
4129806481
Address
PO BOX 60011, PITTSBURGH, PA 15211

Signing Officer

Name
Devon Madden
Title
Executive Director
Phone
4129806481
Signed
2022-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Devon Madden
Formed
2012
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
6
Employees
2
Volunteers
15

Preparer

Firm
James J Gaetano
Address
1108 Tropical Avenue, Pittsburgh, PA 15216
Preparer
Jamie Sundin
Phone
8882920791
Supplemental Narrative

Additional Explanations

Other

Form 990, part 1, description of organization mission: setting through mentoring programs

Other

Form 990, part iii, line 4a, program service accomplishments: designed to build and develop the spectrum of social emotional skills for students, and to activate the empowerment of parents to be equitable partners with school staff in responding to the needs of their students and the needs of the school. Evolve 2/10ths is a movement that provides opportunities to young men in the pittsburgh area utilizing training and football as a tool to engage youth academically and socially to embark on a college experience. Evolve is recognized by the top recruiting media and college coaches. With the help of two tenths (2/10ths) we have become the best development program for student athletes in the pittsburgh area. We are proud to say we had 19+ scholarship football players in only the first 2 years. The camp f.u.n. (families unite neighborhoods) initiative is an exciting summer camp available to students in the hilltop communities. We hope the following information will answer some questions you may have and provide you the necessary information to start yourself on life-changing cultural journey you will never forget. The objective of camp f.u.n. Is to develop students vision and lead students to get to know their neighbors through a holisitc approach. The goal is to encourage school students to broaden their views of what the world is all about and make opportunities to experience different communities/culture.

Pt VI, Line 19

AVAILABLE UPON REQUEST

Other

The camp f.u.n. (families unite neighborhoods) initiative is an exciting summer camp available to students in the hilltop communities. We hope the following information will answer some questions you may have and provide you the necessary information to start yourself on life-changing cultural journey you will never forget. The objective of camp f.u.n. Is to develop students vision and lead students to get to know their neighbors through a holisitc approach. The goal is to encourage school students to broaden their views of what the world is all about and make opportunities to experience different communities/culture.

Pt VI, Line 8A

The organization does not keep record of their board minutes

Pt VI, Line 8B

The organization does not keep record of their board minutes

Pt VI, Line 11B

The 990 has been prepared by an outsied accounting firm and is reviewed by management prior to filing

Pt VI, Line 12C

Each director, officer, and member of a committee with board-delegated powers shall execute and deliver to the chair and executive director an annual statement disclosing the facts relating to any actual or potential financial interest or stating that he or she has no reportable financial interest. Chair and executive director shall report the results of the annual disclosure statements to the board at its annual meeting.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990, PART 1, DESCRIPTION OF ORGANIZATION MISSION: SETTING THROUGH MENTORING PROGRAMS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: DESIGNED TO BUILD AND DEVELOP THE SPECTRUM OF SOCIAL EMOTIONAL SKILLS FOR STUDENTS, AND TO ACTIVATE THE EMPOWERMENT OF PARENTS TO BE EQUITABLE PARTNERS WITH SCHOOL STAFF IN RESPONDING TO THE NEEDS OF THEIR STUDENTS AND THE NEEDS OF THE SCHOOL. EVOLVE 2/10THS IS A MOVEMENT THAT PROVIDES OPPORTUNITIES TO YOUNG MEN IN THE PITTSBURGH AREA UTILIZING TRAINING AND FOOTBALL AS A TOOL TO ENGAGE YOUTH ACADEMICALLY AND SOCIALLY TO EMBARK ON A COLLEGE EXPERIENCE. EVOLVE IS RECOGNIZED BY THE TOP RECRUITING MEDIA AND COLLEGE COACHES. WITH THE HELP OF TWO TENTHS (2/10THS) WE HAVE BECOME THE BEST DEVELOPMENT PROGRAM FOR STUDENT ATHLETES IN THE PITTSBURGH AREA. WE ARE PROUD TO SAY WE HAD 19+ SCHOLARSHIP FOOTBALL PLAYERS IN ONLY THE FIRST 2 YEARS. THE CAMP F.U.N. (FAMILIES UNITE NEIGHBORHOODS) INITIATIVE IS AN EXCITING SUMMER CAMP AVAILABLE TO STUDENTS IN THE HILLTOP COMMUNITIES. WE HOPE THE FOLLOWING INFORMATION WILL ANSWER SOME QUESTIONS YOU MAY HAVE AND PROVIDE YOU THE NECESSARY INFORMATION TO START YOURSELF ON LIFE-CHANGING CULTURAL JOURNEY YOU WILL NEVER FORGET. THE OBJECTIVE OF CAMP F.U.N. IS TO DEVELOP STUDENTS VISION AND LEAD STUDENTS TO GET TO KNOW THEIR NEIGHBORS THROUGH A HOLISITC APPROACH. THE GOAL IS TO ENCOURAGE SCHOOL STUDENTS TO BROADEN THEIR VIEWS OF WHAT THE WORLD IS ALL ABOUT AND MAKE OPPORTUNITIES TO EXPERIENCE DIFFERENT COMMUNITIES/CULTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CAMP F.U.N. (FAMILIES UNITE NEIGHBORHOODS) INITIATIVE IS AN EXCITING SUMMER CAMP AVAILABLE TO STUDENTS IN THE HILLTOP COMMUNITIES. WE HOPE THE FOLLOWING INFORMATION WILL ANSWER SOME QUESTIONS YOU MAY HAVE AND PROVIDE YOU THE NECESSARY INFORMATION TO START YOURSELF ON LIFE-CHANGING CULTURAL JOURNEY YOU WILL NEVER FORGET. THE OBJECTIVE OF CAMP F.U.N. IS TO DEVELOP STUDENTS VISION AND LEAD STUDENTS TO GET TO KNOW THEIR NEIGHBORS THROUGH A HOLISITC APPROACH. THE GOAL IS TO ENCOURAGE SCHOOL STUDENTS TO BROADEN THEIR VIEWS OF WHAT THE WORLD IS ALL ABOUT AND MAKE OPPORTUNITIES TO EXPERIENCE DIFFERENT COMMUNITIES/CULTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DOES NOT KEEP RECORD OF THEIR BOARD MINUTES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DOES NOT KEEP RECORD OF THEIR BOARD MINUTES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE 990 HAS BEEN PREPARED BY AN OUTSIED ACCOUNTING FIRM AND IS REVIEWED BY MANAGEMENT PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7EACH DIRECTOR, OFFICER, AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS SHALL EXECUTE AND DELIVER TO THE CHAIR AND EXECUTIVE DIRECTOR AN ANNUAL STATEMENT DISCLOSING THE FACTS RELATING TO ANY ACTUAL OR POTENTIAL FINANCIAL INTEREST OR STATING THAT HE OR SHE HAS NO REPORTABLE FINANCIAL INTEREST. CHAIR AND EXECUTIVE DIRECTOR SHALL REPORT THE RESULTS OF THE ANNUAL DISCLOSURE STATEMENTS TO THE BOARD AT ITS ANNUAL MEETING.
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