Overview
What is Sting Soccer Foundation?
The Sting Soccer Foundation, located in Addison, Texas, is a nonprofit organization that primarily focuses on supporting young soccer players in financial need. Their mission encompasses exchanging soccer-related information, fostering continuing education programs, and actively contributing to the growth of the sport. To accomplish this, the foundation offers scholarships to help cover soccer club or organization dues for eligible athletes. This financial aid is designed to ensure that financial constraints do not hinder the passion for soccer in deserving individuals. The foundation's efforts extend beyond just providing scholarships, contributing to the overall advancement of soccer.
Official website here: www.stingsoccerfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70% (Two-Star out of Four Star rating)
The Sting Soccer Foundation received a Two-Star rating from Charity Navigator, indicating that while it demonstrates some strong organizational aspects, there are notable areas of concern. The charity excels in having a fully independent board and a high program expense ratio, which suggests a strong commitment to its mission. However, the lack of financial statements and missing policies such as whistleblower and document retention raise questions about transparency and governance.
Strengths include 100% independent board members and a significant portion of its expenses directed towards programs, showcasing effective resource allocation. The organization also has measures in place to prevent material diversion of assets, which is a positive indicator of financial integrity. However, the absence of essential financial documents and policies can hinder stakeholder trust and accountability.
Overall, while the Sting Soccer Foundation is performing well in certain areas, the missing documentation and policies indicate a need for improvement in transparency and governance practices. This may affect donors' confidence in the organization's operations and long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Sting Soccer Foundation legitimate?
Sting Soccer Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sting Soccer Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.stingsoccerfoundation.com
What is the mission statement of Sting Soccer Foundation?
The Sting Soccer Foundation's primary mission is centered around promoting the exchange of soccer-related information and fostering continuous education programs. Additionally, the organization actively participates in advancing the sport of soccer in various ways. One of its key initiatives involves providing scholarships to young soccer players in financial need, allowing them to cover the required fees to play for any soccer club or organization.
Official website here: www.stingsoccerfoundation.com
What is the revenue of Sting Soccer Foundation?
Sting Soccer Foundation's revenue in 2023 was $471,499.
Official website here: www.stingsoccerfoundation.com
Who are the executives of Sting Soccer Foundation and what are their salaries?
There 45 volunteers at Sting Soccer Foundation.
Here are 5 key members and their salaries:
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Official website here: www.stingsoccerfoundation.com
Where can I find the form 990 for Sting Soccer Foundation?
Sting Soccer Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.stingsoccerfoundation.com
Learn more at the official website: www.stingsoccerfoundation.com
Mission Statement of Sting Soccer Foundation
The Sting Soccer Foundation, a notable organization, is primarily dedicated to advancing the sport of soccer. Its mission encompasses the dissemination of information about soccer, fostering continuing education programs, and contributing to the broader development of the sport in various ways. Beyond this, the foundation plays a significant role in promoting education within the soccer community.
At the heart of Sting Soccer Foundation's mission is its commitment to providing financial assistance to young soccer players in need. Recognizing the financial barriers that may prevent some talented individuals from fully participating in the sport, the foundation offers scholarships to cover the dues required to join soccer clubs or organizations. This initiative allows the foundation to contribute positively to the soccer community and ensure that financial constraints do not hinder the development of promising young players. By offering scholarships, Sting Soccer Foundation empowers these players to focus on honing their skills and participating in the sport they love, without the burden of financial stress.
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Impact
October, 2024
The Sting Soccer Foundation significantly impacts young soccer players by providing scholarships that alleviate financial barriers to participation. By offering support that covers all or part of the dues required to play for various soccer clubs or organizations, the Foundation enables talented individuals in need of financial assistance to pursue their passion for the sport.
With a focus on the exchange of information about soccer and the promotion of continuing education programs, the Foundation plays an essential role in advancing the sport. This commitment not only enhances the skills and knowledge of young athletes but also fosters a more inclusive soccer community. In doing so, the Sting Soccer Foundation helps to cultivate the next generation of players, ensuring that financial constraints do not hinder their development and love for the game.
This information is meant to be a general summary of Sting Soccer Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $28
- Program Service Revenue: $191,263
- Gross Receipts: $758,542
Assets and Liabilities:
- Total Assets: $2,664,550
- Total Liabilities: $1,431,822
- Net Assets: $1,232,728
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLUB DUES
Revenue
$191,263
Organization Details
Founding Year
2007
Principal Officer
Alexa Sultzbaugh
NTEE Category
Code: B11 - Education
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