Faction Inc
- Assets
- $64.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Decatur, GA
- Founding
- 04/2019
- Data as of
- 12/2021
- EIN
- 82-0671305
Organization Overview
Faction Inc is located in Decatur, GA. The organization was established in 2019. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faction Inc 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 12/2021, Faction Inc generated $89.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $46.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
DONATIONS TO YOUTH COMMUNITY ORGANIZATIONS AND OTHERNON-PROFIT ORGANIZATIONS IN THE LOCAL AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Kinley CFO | 15 | $0 | |
James Maggard CEO | 15 | $0 | |
Spencer Barton Co-Founder | 15 | $0 | |
Mark Knipfer Co-Founder | 15 | $0 | |
Donald Henderson Secretary | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,000 |
| Total Program Service Revenue | $40,857 |
| Membership dues | $8,274 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $89,131 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $462 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $313 |
| Other expenses | $36,772 |
| Total expenses | $46,695 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $58,495 |
| Other assets | $0 |
| Total assets | $64,627 |
| Total liabilities | $0 |
| Net assets or fund balances | $64,627 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nc Triad Fusion Inc Bermuda Run, NC | $14,278,028 | $8,923,871 |
Carolinas Football Club Cornelius, NC | $1,803,647 | $7,874,250 |
Charlotte Soccer Academy Pineville, NC | $10,553,353 | $8,684,226 |
Nasa Tophat Inc Kennesaw, GA | $5,043,211 | $7,270,572 |
Cobb Futbol Club Marietta, GA | $5,753,138 | $5,185,277 |
Florida Elite Soccer Academy Inc Jacksonville, FL | $2,181,767 | $4,642,169 |
United Futbol Academy Inc Cumming, GA | $562,305 | $4,953,862 |
Atlanta Concorde Fire Soccer Association Inc Atlanta, GA | $1,822,580 | $4,589,073 |
Tampa Bay United Inc Tampa, FL | $1,335,392 | $3,965,447 |
Florida Youth Soccer Association Inc Auburndale, FL | $7,123,714 | $3,803,407 |
Wake Futbol Club Inc Holly Springs, NC | $246,258 | $3,274,607 |
West Pasco Youth Soccer Association Inc New Port Richey, FL | $902,282 | $3,246,743 |