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Sports Foundation Of Texas Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 760395090 ✦ Houston, TX ✦ Designated as a 501(c)(3)

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Overview

What is Sports Foundation Of Texas Inc?

Sports Foundation of Texas Inc. is a nonprofit organization situated in the greater Houston area, dedicated to uplifting deserving student athletes. Beyond their primary mission of financial aid, they also support youth-oriented programs and foster a connection to Italian American culture and heritage. Their initiatives aim to empower young athletes and preserve cultural traditions within the community.


Official website here: www.tiasf.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Three Stars (76%)

The Sports Foundation of Texas Inc has received a Three-Star out of Four Star rating from Charity Navigator, indicating a score of 76%. This rating is primarily based on their accountability and finance practices, with outstanding scores in areas such as having a majority independent board and a solid program expense ratio of 93.77%. These factors suggest that the organization effectively allocates its finances towards its programs and maintains a strong governance structure.

However, the organization has notable limitations, including missing policies for conflict of interest, whistleblower protection, and document retention. These absences could raise concerns regarding transparency and ethical practices, as they are essential components of good governance in a nonprofit setting.

Despite these weaknesses, the Sports Foundation of Texas Inc demonstrates solid financial health, as indicated by a 0.00% liabilities to assets ratio. This positions the organization well to fulfill its mission, but addressing the noted policy gaps would enhance its accountability and potentially improve its rating in the future.


This AI summary has been generated from information found on Charity Navigator.

Is Sports Foundation Of Texas Inc legitimate?

Sports Foundation Of Texas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sports Foundation Of Texas Inc 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

For more financial information, click here


Official website here: www.tiasf.org

What is the mission statement of Sports Foundation Of Texas Inc?

The Sports Foundation of Texas Inc. is dedicated to serving deserving student athletes in the greater Houston area. By providing financial assistance, the organization supports various youth-oriented programs. Furthermore, the foundation also plays a role in promoting Italian American culture and heritage. Its primary objective is to empower young athletes and preserve cultural traditions.


Official website here: www.tiasf.org

Who is the CEO of Sports Foundation Of Texas Inc?

Johnny B Mandola is the President of Sports Foundation Of Texas Inc.


Official website here: www.tiasf.org

What is the revenue of Sports Foundation Of Texas Inc?

Sports Foundation Of Texas Inc's revenue in 2020 was $32,360.


Official website here: www.tiasf.org

Who are the executives of Sports Foundation Of Texas Inc and what are their salaries?


Here are 5 key members and their salaries:


Carlo Dechiro (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ross Gagliano (Scholarship Ch)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Galante (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Johnny B Mandola (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Sessions (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.tiasf.org

Where can I find the form 990 for Sports Foundation Of Texas Inc?

Sports Foundation Of Texas Inc's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.tiasf.org

Learn more at the official website: www.tiasf.org

Mission Statement of Sports Foundation Of Texas Inc

The Sports Foundation of Texas Inc is dedicated to its primary mission, which involves providing financial aid to deserving student athletes in the broader Houston area. Beyond this, the organization also champions Italian American culture and heritage. In pursuit of its objectives, the Sports Foundation of Texas Inc supports youth-oriented programs, thereby contributing to the development of young athletes and promoting the values and traditions of the Italian American community.

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Impact




October, 2024

The Sports Foundation of Texas Inc significantly impacts the Greater Houston area by providing financial support to deserving student athletes, ensuring that young individuals have the resources they need to pursue their athletic aspirations. By offering financial assistance to various youth-oriented programs, the organization creates opportunities for skill development, teamwork, and personal growth, which are essential for young athletes' success on and off the field.

Additionally, the foundation plays a vital role in promoting Italian American culture and heritage within the community. This not only enriches the cultural fabric of the area but also fosters a sense of identity and belonging among individuals with Italian roots. Through its initiatives, the Sports Foundation of Texas Inc helps empower youth, enhances community engagement, and encourages cultural appreciation, thus making a meaningful contribution to the lives of many in the Houston area.




This information is meant to be a general summary of Sports Foundation Of Texas Inc. 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.

Revenue
$32,360 (2020)
Expenses
$8,444 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $79
  • Gross Receipts: $948,025

Assets and Liabilities:

  • Total Assets: $93,654
  • Total Liabilities: $0
  • Net Assets: $93,654

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Organization Details

Founding Year

1993

Principal Officer

Johnny B Mandola

Main Address

PO BOX 130163, HOUSTON, TX, 77219

NTEE Category

Code: P82 - Human services

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