Final Third Foundation
- Assets
- $138.0k
- Revenue
- $348.4k
- Investments
- $0.0
- Employees
- 10
- Location
- Columbus, OH
- Founding
- 03/2018
- Data as of
- 05/2022
- EIN
- 81-4359966
Organization Overview
Final Third Foundation, operating under the name Cefc, is located in Columbus, OH. The organization was established in 2018. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. As of 05/2022, Cefc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cefc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Cefc generated $348.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.5% each year . All expenses for the organization totaled $345.4k during the year ending 05/2022. While expenses have increased by 36.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FINAL THIRD FOUNDATION'S MISSION IS TO INSPIRE, ENGAGE, AND EDUCATE THROUGH SOCCER-BASED YOUTH-FOCUSED PROGRAMS AND EVENTS. THE FOUNDATION STRIVES TO PROMOTE HEALTH, WELLNESS, ACHIEVEMENT, LEADERSHIP AND CHARACTER DEVELOPMENT, BOTH ON AND OFF THE FIELD. ITS OVERALL OBJECTIVE IS TO UNITE DIVERSE COMMUNITIES AND EMPOWER THEM TO ACHIEVE THEIR GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE SPRING 2022 RECREATIONAL SEASON FINAL THIRD FOUNDATION PROVIDED FOR ABOUT 991 PARTICIPANTS AGES 3 - 18 YEARS OLD. OUT OF THOSE 991 PARTICIPANTS MANY F3 PARTNER ORGANIZATIONS INCLUDING GALACTICOS (SERVES THE LATINX COMMUNITY), OHIO YOUTH ACADEMY SERVES THE EAST AFRICAN COMMUNITY, ZION FC, SERVING MOSTLY THE WEST AFRICAN COMMUNITY, AND MORE RECEIVE SUBSIDIZED PER PLAYER RATES OF OVER 50%. THE TOTAL NUMBER OF PLAYERS RECEIVING SUBSIDIZE PRICING WAS 166 PLAYERS THROUGH THESE PARTNER PROGRAMS. THE ESTIMATED SCHOLARSHIP TOTAL WITH THESE PROGRAMS IS ~$10,165. THIS DOES NOT INCLUDE THE INDIVIDUAL ~35 SCHOLARSHIPS AT ~115 PER PLAYER THAT WAS PROVIDED FOR THE PROGRAM. FINAL THIRD FOUNDATION CREATED A SOCCER & LITERACY FOR LITTLES PROGRAM IN PARTNERSHIP WITH SPROUTFIVE, AN EARLY CHILDHOOD NONPROFIT ORGANIZATION. DURING THE SPRING MONTHS, F3 PROVIDED SOCCER AND LITERACY FOR LITTLES INSTRUCTION FOR ~110 PRESCHOOLERS IN SPROUT FIVE REEB AVENUE AND HILLTOP LOCATIONS. FINAL THIRD FOUNDATION TOOK OVER THE LEASE AT EASTON SPORTS PARK, NOW KNOWN AS PATHWAYS PARK, 4475 SUNBURY ROAD. F3 HAS STARTED TO CONVERT THE FACILITY INTO A PARK BY FOCUSING ON MEADOW RECLAMATION, PLANTING WILDFLOWERS, BUILDING A LEARNING GARDEN AND TRYING TO MAKE IT MORE OF A HOME FOR THE PARTNER ORGANIZATIONS AND COMMUNITIES F3 NOW SERVES.F3 PROVIDED A 10-WEEK/1X PER WEEK SOCCER AND LITERACY AFTER SCHOOL PROGRAM TO EAKIN ELEMENTARY STUDENTS DURING THE SPRING SEMESTERS. ABOUT 15 STUDENTS PARTICIPATED DURING THE ENTIRE PROGRAM. EAKIN ELEMENTARY HAS ASKED F3 TO RETURN DURING THE FALL SEMESTER, WHICH F3 PLANS TO DO. THE TOTAL BUDGET FOR THE PROGRAM IS $6,925. THE BUDGET INCLUDES THE PAYMENT FOR THE DIRECTOR OF EDUCATION TO MANAGE THE PROGRAM AND PROVIDE MONITORING AND EVALUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Levey Executive Director | OfficerTrustee | 60 | $32,096 |
Gary Blumberg Asst. Board Chairman & Tre | OfficerTrustee | 2 | $0 |
Joe Macklin Secretary | OfficerTrustee | 2 | $0 |
Jonathan Ramsden Board Chairman | OfficerTrustee | 3 | $0 |
Dave Hepler Board Member | Trustee | 4 | $0 |
Charlie Gocken Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $141,853 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,853 |
| Total Program Service Revenue | $191,407 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,105 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $348,369 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,776 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $32,096 |
| Compensation of current officers, directors, key employees. | $3,210 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,520 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,167 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,564 |
| Fees for services: Accounting | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,140 |
| Advertising and promotion | $1,079 |
| Office expenses | $24,181 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,716 |
| Travel | $1,820 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,754 |
| All other expenses | $0 |
| Total functional expenses | $345,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,226 |
| Savings and temporary cash investments | $20,742 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $137,968 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $120,200 |
| Other liabilities | $0 |
| Total liabilities | $120,200 |
| Net assets without donor restrictions | $17,768 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $137,968 |
Grants Awarded
Over the last fiscal year, Final Third Foundation has awarded $21,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Columbus, OH PURPOSE: SOCIAL SERVICES FOR IMMIGRANTS | $17,000 |
Columbus, OH PURPOSE: THE PURPOSE OF THE ASSISTANCE WAS TO SUPPORT SCHOLARSHIP PLAYERS WHO COULDN'T AFFORD TO PLAY TO TRAVEL AND ATTEND ELITE LEVEL SOCCER TOURNAMENTS. | $4,250 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Final Third Foundation has recieved totaling $21,675.
| Awarding Organization | Amount |
|---|---|
Columbus Foundation Columbus, OH PURPOSE: URBAN AFFAIRS | $21,600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $75 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Spirit Soccer Club Of Chester Co Downingtown, PA | $3,712,440 | $4,199,820 |
Westfield Youth Soccer Association Inc Westfield, IN | $2,587,107 | $4,763,711 |
Pennsylvania Classics Ac East Petersburg, PA | $3,528,438 | $4,071,583 |
Beadling Soccer Club Bridgeville, PA | $845,707 | $3,205,132 |
Cincinnati United Soccer Club Cincinnati, OH | $2,282,180 | $3,133,559 |
West Chester Soccer Club Inc West Chester, PA | $4,361,758 | $3,529,345 |
Club Ohio Soccer Inc Dublin, OH | $2,845,466 | $3,328,698 |
Ohio Premier Soccer Club Of Dublin Ohio Dublin, OH | $3,258,772 | $3,049,633 |
Fugees Family Inc Columbus, OH | $4,409,005 | $3,702,188 |
Grand Valley Premier Soccer Club Kentwood, MI | $3,029,015 | $3,061,144 |
Eastern Pennsylvania Youth Soccer Association Plymouth Meeting, PA | $4,001,019 | $2,867,871 |
Ohio South Youth Soccer Association Inc Maineville, OH | $3,206,883 | $2,185,798 |