4atx Foundation
- Assets
- $67.6k
- Revenue
- $217.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 08/2019
- Data as of
- 12/2020
- EIN
- 83-4164008
Organization Overview
4atx Foundation is located in Austin, TX. 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. 4atx Foundation 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 12/2020, 4atx Foundation generated $217.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (53.6%) each year. All expenses for the organization totaled $526.0k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF 4ATX FOUNDATION IS TO ENGAGE IN COMMUNITY OUTREACH AND CHARITABLE GIVING IN THE AUSTIN, TEXAS AREA AND PROMOTE OPPORTUNITIES FOR UNDERSERVED YOUTH TO SUCCEED THROUGH THE SPORT OF SOCCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES GRANTS TO AUSTIN CHARITABLE ORGANIZATIONS AND PROVIDES STADIUM USE FOR THE CITY, THE COUNTY, THEIR RELATED ORGANIZATIONS, AND LOCAL SCHOOLS. THE ORGANIZATION WILL INTRODUCE CHILDREN TO SOCCER BY SUPPORTING YOUTH SOCCER CAMPS AND CLINICS, AND PROVIDING SCHOLARSHIPS, EQUIPMENT, AND GEAR TO INDIVIDUALS, YOUTH CLUBS, AND TEAMS. THESE ACTIVITIES WILL HELP IMPROVE THE PHYSICAL AND PSYCHOLOGICAL HEALTH OF CHILDREN, WHILE THEY DEVELOP SOCCER SKILLS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Anthony Precourt Jr Director, President | OfficerTrustee | 2 | $0 |
Agatha Precourt Director | OfficerTrustee | 1 | $0 |
Andy Loughnane Director | OfficerTrustee | 1 | $0 |
Richard Suttle Director | OfficerTrustee | 1 | $0 |
Eddie Margain Director | OfficerTrustee | 1 | $0 |
Louise Hanks Director | OfficerTrustee | 1 | $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 | $217,319 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $217,319 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $217,319 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $176,392 |
| Grants and other assistance to domestic individuals. | $65,547 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,853 |
| Fees for services: Accounting | $4,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,205 |
| Advertising and promotion | $41,389 |
| Office expenses | $2,783 |
| Information technology | $3,838 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $750 |
| 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 | $4,459 |
| All other expenses | $0 |
| Total functional expenses | $525,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,556 |
| Savings and temporary cash investments | $0 |
| 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 | $67,556 |
| Accounts payable and accrued expenses | $8,026 |
| Grants payable | $0 |
| Deferred revenue | $100,000 |
| 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 | $0 |
| Other liabilities | $27,164 |
| Total liabilities | $135,190 |
| Net assets without donor restrictions | $0 |
| 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 | -$67,634 |
| Total liabilities and net assets/fund balances | $67,556 |
Grants Awarded
Over the last fiscal year, 4atx Foundation has awarded $173,758 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Austin, TX PURPOSE: SUPPORT SPORT PROGRAMS | $68,500 |
Washington, DC PURPOSE: MINI PITCH INSTALLATION AT WOOLRIDGE ELEMENTARY | $55,000 |
Austin, TX PURPOSE: SUPPORT SPORT PROGRAMS | $45,000 |
Austin, TX PURPOSE: SUPPORT SPORT PROGRAMS | $5,258 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that 4atx Foundation has recieved totaling $303,097.
| Awarding Organization | Amount |
|---|---|
Precourt Foundation Edwards, CO PURPOSE: 501(C)(3) QUALIFIED ORGANIZATION | $150,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $56,865 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $44,082 |
Cooper Matthews Foundation Austin, TX PURPOSE: OPERATIONAL SUPPORT | $40,000 |
Austin Community Foundation Austin, TX PURPOSE: 4ATX GALA - CHARITABLE PORTION ONLY | $7,000 |
The Arthur M Blank Family Foundation Atlanta, GA PURPOSE: FOR WINTER STORM URI DISASTER RELIEF. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Youth Soccer Frisco, TX | $19,452,930 | $14,117,669 |
Youth Soccer Club Of Montgomery County Inc The Woodlands, TX | $2,854,020 | $8,159,082 |
Lonestar Soccer Club Of Austin Inc Austin, TX | $6,567,006 | $9,177,680 |
North Texas State Soccer Association Inc Frisco, TX | $7,786,272 | $6,936,974 |
Solar Soccer Club Allen, TX | $4,207,770 | $6,444,072 |
Albion Hurricanes F C Houston, TX | $10,831,417 | $7,113,502 |
North Texas State Soccer Association Inc Frisco, TX | $4,525,418 | $3,504,588 |
Rise Soccer Club Inc Houston, TX | $3,534,829 | $3,641,755 |
South Texas Youth Soccer Association Round Rock, TX | $2,113,845 | $3,139,978 |
Baton Rouge Soccer Association Baton Rouge, LA | $3,314,600 | $3,276,905 |
Western Hills Youth Soccer Association Austin, TX | $1,981,505 | $2,960,143 |
Dfeeters Soccer Club Dallas, TX | $274,453 | $2,130,823 |