STING SOCCER FOUNDATION

EIN: 261463492 501(c)(3) Education

ADDISON, TX

Total Revenue
$1,783,839
Total Expenses
$1,056,087
Total Assets
$1,870,588
Net Assets
$1,756,647
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
TX
Principal Officer
ALEXA SULTZBAUGH
Phone
2142135633
Tax Period
2024-01-01 to 2024-12-31

STING SOCCER FOUNDATION, founded in 2007, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 323% from the prior year, signaling strong growth momentum. The organization ran a surplus of $728K, a strong 41% operating margin.

Mission

STING SOCCER FOUNDATION STRIVES TO BE A LEADER IN YOUTH OUTREACH, BELIEVING THE MORE YOUNG LIVES WE INSPIRE, THE GREATER IMPACT FELT IN OUR COMMUNITIES. THE STRONG LEADERS OF TOMORROW BEGIN WITH OUR INVESTMENT TODAY.

Program Service Accomplishments

Program 1
Expenses: $638,747 Revenue: $0

COMMUNITY SERVICE - SERVING OUR COMMUNITY IS THE BEDROCK OF OUR MISSION. IT IS IMPORTANT TO INSTILL IN YOUNG PLAYERS THE VALUE OF LIVING A LIFE OF PASSION AND PURPOSE. LEADING BY EXAMPLE, WE AIM TO...

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COMMUNITY SERVICE - SERVING OUR COMMUNITY IS THE BEDROCK OF OUR MISSION. IT IS IMPORTANT TO INSTILL IN YOUNG PLAYERS THE VALUE OF LIVING A LIFE OF PASSION AND PURPOSE. LEADING BY EXAMPLE, WE AIM TO DEVELOP WELL-ROUNDED PEOPLE WHO ACT WITH INTEGRITY AND EMBODY THE SPIRIT OF SERVICE WHILE MAKING POSITIVE CONTRIBUTIONS TO THE COMMUNITIES IN WHICH THEY LIVE. STING SOCCER FOUNDATION PROVIDED SCHOLARSHIPS TO YOUNG SOCCER PLAYERS IN NEED OF FINANCIAL ASSISTANCE TO PAY IN FULL OR IN PART THE DUES REQUIRED TO PLAY FOR ANY SOCCER CLUB OR ORGANIZATION. DURING 2024 $191,115 WAS PROVIDED IN ASSISTANCE TO HELP PAY DUES FOR 103 PLAYERS. PARTNERED WITH THE STING SOCCER CLUB, THE STING SOCCER FOUNDATION RUNS THE "STING GIVES BACK" CAMPAIGN WHERE EACH PLAYER OF THE STING SOCCER CLUB GIVES TEN HOURS OF THEIR TIME TO COMMUNITY SERVICE. THIS INITIATIVE GENERATES 10,000+ HOURS EACH YEAR TO NOBLE ENDEAVORS. PAST ORGANIZATIONS THAT HAVE BENEFITED HAVE INCLUDED HOMELESS SHELTERS, CHILDREN'S HOSPITALS, VETERAN AND MILITARY ALLIANCES, AND ANIMAL RESCUES. WE BELIEVE THAT THE WILLINGNESS TO SERVE IS A CRUCIAL BUILDING BLOCK TO BECOMING AN IMPACTFUL LEADER. WE PROVIDE OUR YOUTH WITH THOSE OPPORTUNITIES TO SERVE THEIR COMMUNITIES.

Program 2
Expenses: $219,907

FIELD DEVELOPMENTS - MAKING IMPROVEMENTS TO EXISTING FIELDS OR BREAKING GROUND FOR NEW ONES, STING SOCCER FOUNDATION PLANTS THE SEEDS FOR SUCCESS. DURING 2024 1 FIELD WAS DEVELOPED.OUR MISSION OF...

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FIELD DEVELOPMENTS - MAKING IMPROVEMENTS TO EXISTING FIELDS OR BREAKING GROUND FOR NEW ONES, STING SOCCER FOUNDATION PLANTS THE SEEDS FOR SUCCESS. DURING 2024 1 FIELD WAS DEVELOPED.OUR MISSION OF TEACHING OUR YOUTH THE LIFE LESSONS NEEDED FOR SUCCESS OFF THE FIELD BEGINS WITH ACCESSIBILITY ON THE FIELD. SOCCER PLAYERS CANNOT FLOURISH AND GROW IF THERE IS NO PLACE TO PLAY. THE STING SOCCER FOUNDATION ACTIVELY SEEKS OPPORTUNITIES TO DEVELOP FACILITIES TO BRING SOCCER AND ATHLETIC PROGRAMS TO LOCAL MUNICIPALITIES. WE OFTEN WORK WITH CITY COUNCILS TO MAKE IMPROVEMENTS ON EXISTING FIELDS AND WE SUPPORT ONGOING MAINTENANCE. ADDITIONALLY, WE AIM TO BREAK GROUND FOR NEW FACILITIES, INTRODUCING A COMMUNITY TO YOUTH SOCCER FOR THE FIRST TIME.WE ARE PASSIONATE ABOUT MAKING A DIFFERENCE IN THE LIVES OF OUR YOUNGEST COMMUNITY MEMBERS, KNOWING THAT OUR SOCCER PROGRAMS TEACH SO MUCH MORE THAN HOW TO KICK, PASS AND PROTECT A GOAL. PARTICIPATING IN SPORTS TEACHES ATHLETES HOW TO BE A TEAM PLAYER, HOW TO BE A LEADER, HOW TO BE DISCIPLINED, HOW TO SHOW RESPECT FOR YOUR TEAMMATES, COACHES, OFFICIALS, AND YOURSELF. THESE LESSONS LEARNED WILL PROVE IN.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $468,859
Program Service Revenue $0
Investment Income $1,000,989
Other Revenue $313,991
TOTAL REVENUE $1,783,839

Expense Breakdown

Grants Paid $418,012
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $858,654
Other Expenses $638,075
TOTAL EXPENSES $1,056,087

Year-over-Year Comparison

2024 2023 Change
Revenue $1,783,839 $421,499 +3.2%
Expenses $1,056,087 $563,822 +0.9%
Net Income $727,752 $-142,323 -6.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
45

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXA SULTZBAUGH PRESIDENT 5.00
Officer Director
$0 $0 $0
STEVEN SULTZBAUGH VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
CONNIE SEELHORST SECRETARY 5.00
Officer Director
$0 $0 $0
TINA RINCON TREASURER 5.00
Officer Director
$0 $0 $0
SAGE WILSON DIRECTOR 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,783,839 $1,056,087 $1,870,588 $727,752
2023 $471,499 $563,822 $2,702,120 $-92,323
2022 $2,499,858 $2,150,209 $2,664,550 $349,649
2021 $1,671,370 $1,513,654 $1,646,462 $157,716
2020 $2,058,566 $2,029,803 $1,227,353 $28,763
2019 $1,222,986 $1,677,525 $1,103,251 $-454,539
2018 $1,558,186 $1,048,085 $1,183,125 $510,101
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