STATE FUNDING DEVILS DBA SOL DEVILS

EIN: 815287326 501(c)(3) Recreation & Sports

SCOTTSDALE, AZ

Total Revenue
$75,298
Total Expenses
$24,336
Total Assets
$338,404
Net Assets
$88,404
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
AZ
Principal Officer
MICHAEL J OLSEN
Phone
4802160707
Tax Period
2023-01-01 to 2023-12-31

STATE FUNDING DEVILS DBA SOL DEVILS, founded in 2017, is a micro nonprofit in the Recreation & Sports sector that reported $75K in total revenue in fiscal year 2023. Revenue surged 142% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 68% operating margin.

Mission

STATE FUNDING DEVILS IS A NEWLY FORMED NONPROFIT CORPORATION THAT IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND LITERARY PURPOSE WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"). THE ORGANIZATION INTENDS TO MAKE GIFTS, GRANTS AND/OR PROVIDE OTHER PAYMENTS OR SERVICES FOR CHARITABLE AND EDUCATIONAL PURPOSES TO ARIZONA STATE UNIVERSITY, OR OTHER CHARITIES, FOR THE BENEFIT OF ARIZONA STATE UNIVERSITY'S STUDENT ATHLETES IN BOTH THEIR ATHLETIC AND EDUCATIONAL GOALS.A "CHARITABLE" PURPOSE IS ONE OF THE SEVEN EXEMPT PURPOSES SPECIFIED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE ''CODE"). ACCORDING TO THE TREASURY REGULATIONS, THE TERM CHARITABLE IS TO BE INTERPRETED IN ITS GENERALLY ACCEPTED LEGAL SENSE AND INCLUDES, AND INCLUDES THE ADVANCEMENT OF EDUCATION, WHICH STATE FUNDING DEVILS DOES THROUGH ITS GRANTS TO ARIZONA STATE UNIVERSITY FOR SCHOLARSHIPS. SEE TREAS. REG. SECTION 1.50L(C)(3)-L(D)(2). MOREOVER, AMATEUR

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $75,298
TOTAL REVENUE $75,298

Expense Breakdown

Grants Paid $14,700
Salaries & Benefits $0
Fundraising Expenses $346
Program Expenses $14,700
Other Expenses $9,636
TOTAL EXPENSES $24,336

Year-over-Year Comparison

2023 2022 Change
Revenue $75,298 $31,074 +1.4%
Expenses $24,336 $44,247 -0.4%
Net Income $50,962 $-13,173 -4.9%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL J OLSEN PRESIDENT 1.00
Director
$0 $0 $0
CHAD GOSAR VICE PRESIDENT 1.00
Director
$0 $0 $0
BRENT MOSER VICE PRESIDENT 1.00
Director
$0 $0 $0
BRIAN FRIEDMAN VICE PRESIDENT 1.00
Director
$0 $0 $0
KEATON MERRELL VICE PRESIDENT 1.00
Director
$0 $0 $0
SCOTT HOLLAND VICE PRESIDENT 1.00
Director
$0 $0 $0
ROBERT N BRIAR VICE PRESIDENT 1.00
Director
$0 $0 $0
MICHAEL J DIDOMENICO VICE PRESIDENT 1.00
Director
$0 $0 $0
JEFF BURG VICE PRESIDENT 1.00
Director
$0 $0 $0
ARMAND SLASON TREASURER 1.00
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
2023 $75,298 $24,336 $338,404 $50,962
2022 $31,074 $44,247 $37,443 $-13,173
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