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Stein Foundation

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

EIN: 825056654 ✦ Garland, TX ✦ Designated as a 501(c)(3)

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Overview

What is Stein Foundation?

The Stein Foundation is a nonprofit organization dedicated to extending soccer opportunities to low-income families. By offering scholarships, they help cover the expenses related to elite competitive sports, ensuring that financially disadvantaged children can participate in such programs. With a focus on 16 such scholarships, the Foundation aims to make elite soccer accessible to those who might otherwise be unable to afford it.


Official website here: www.steinfamilyco.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 54%, One-Star out of Four Star Rating

The Stein Foundation has received a low rating of 54% from Charity Navigator, indicating significant areas for improvement in accountability and financial practices. While the organization has a fully independent board, which is a positive aspect, it lacks essential financial transparency, as evidenced by the absence of financial statements.

Strengths include the foundation's effective management of liabilities relative to its assets, showcasing fiscal responsibility. However, critical policies such as conflict of interest, whistleblower protections, and document retention are missing, which raises concerns about governance and operational integrity. The program expense ratio suggests that a considerable portion of its budget is directed toward its programs, yet overall transparency issues undermine confidence in its financial management.

In summary, while the Stein Foundation demonstrates some governance strengths, its lack of financial disclosures and essential policies detracts from its overall accountability, warranting caution for potential donors and stakeholders.


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

Is Stein Foundation legitimate?

Stein Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stein 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: $329,563
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.steinfamilyco.com

What is the mission statement of Stein Foundation?

The Stein Foundation's mission is to extend soccer opportunities to financially disadvantaged children by offering scholarships to cover the expenses associated with elite competitive sports programs. By providing these scholarships, the foundation aims to make elite soccer accessible to families who might otherwise be unable to afford it. To date, the Stein Foundation has awarded 16 such scholarships. Their mission is to empower these children to participate in elite soccer, thereby broadening their horizons and enriching their lives.


Official website here: www.steinfamilyco.com

Who is the CEO of Stein Foundation?

Ora Johnson is the President-Dire of Stein Foundation.


Official website here: www.steinfamilyco.com

What is the revenue of Stein Foundation?

Stein Foundation's revenue in 2022 was $720,617.


Official website here: www.steinfamilyco.com

Who are the executives of Stein Foundation and what are their salaries?


Here are 6 key members and their salaries:


Ora Johnson (President-Dire)
  • Compensation: $7,195
  • Related: $0
  • Other: $0
Vincent Johnso (Director)
  • Compensation: $24,439
  • Related: $0
  • Other: $0
Maria Connors (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ora Johnson (President - Di)
  • Compensation: $7,195
  • Related: $0
  • Other: $0
Vincent Johnso (Director)
  • Compensation: $24,439
  • Related: $0
  • Other: $0
Maria Connors (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.steinfamilyco.com

Where can I find the form 990 for Stein Foundation?

Stein Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.steinfamilyco.com

Learn more at the official website: www.steinfamilyco.com

Mission Statement of Stein Foundation

The Stein Foundation, with a mission firmly rooted in social equity, aims to extend financial assistance to underprivileged children who aspire to participate in elite soccer competitions but are financially constrained. By providing soccer scholarships, the foundation helps alleviate the financial burden associated with the fees involved in such competitive sports opportunities. With a vision to empower these youngsters, the Stein Foundation has distributed 16 scholarships to date, enabling them to pursue their passion for soccer without the hindrance of financial constraints.

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Impact




July, 2024

Stein Foundation provides soccer scholarships to low-income families by helping them afford fees associated with elite competitive sports scholarships. In Garland, TX, Stein Foundation has given out 16 scholarships to kids who cannot afford elite soccer opportunities. Their impact includes providing opportunities for talented youth players from disadvantaged backgrounds to pursue their passion for soccer and access high-level training and competition.




This information is meant to be a general summary of Stein 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.

Revenue
$720,617 (2022)
Expenses
$652,223 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4
  • Program Service Revenue: $720,613
  • Gross Receipts: $720,617

Assets and Liabilities:

  • Total Assets: $155,552
  • Total Liabilities: $717
  • Net Assets: $154,835

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Food Service

Revenue

$720,613

Organization Details

Founding Year

2019

Principal Officer

Ora Johnson

Main Address

218 Lucinda Dr, Garland, TX, 75040

NTEE Category

Code: B12 - Education

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