Magnolia Youth Football Assoc
- Assets
- $8.7k
- Revenue
- $203.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Magnolia, TX
- Founding
- 10/2003
- Data as of
- 12/2022
- EIN
- 94-3136968
Organization Overview
Magnolia Youth Football Assoc is located in Magnolia, TX. The organization was established in 2003. According to its NTEE Classification (N65) the organization is classified as: Football, 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. Magnolia Youth Football Assoc 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 12/2022, Magnolia Youth Football Assoc generated $203.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $213.1k during the year ending 12/2022. 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
PROGRAM PROVIDED FACILITIES, EQUIP AND SUPPLIES FOR PRACTICE AND GAMES FOR THE YOUTH OF MAGNOLIA WHO ARE INTERESTED IN FOOTBALL AND CHEERLEADING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM PROVIDED FACILITIES, EQUIPMENT, AND SUPPLIES FOR PRACTICE AND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Felicia Barsh Officer | Officer | 5 | $0 |
Brent Maxwell Officer | Officer | 5 | $0 |
Micheal Ritchi Officer | Officer | 5 | $0 |
Carolyn Ratcli Officer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $171,814 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $174,714 |
| 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 | $27,409 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $203,668 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,922 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $160,168 |
| 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 | $0 |
| Fees for services: Accounting | $250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,687 |
| Office expenses | $8,211 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $213,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,693 |
| 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 | $8,693 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $8,693 |
| 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 | $8,693 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cotton Bowl Athletic Association arlington, TX | $32,471,446 | $17,932,137 |
The Sun Bowl Association El Paso, TX | $6,394,406 | $6,496,307 |
Oklahoma Energy Football Club Edmond, OK | $690,286 | $1,354,244 |
Rio Soccer Club Albuquerque, NM | $523,117 | $933,816 |
New Mexico Young America Football League Albuquerque, NM | $425,021 | $936,256 |
Texas Youth Cheerleading & Football Association San Antonio, TX | $212,436 | $570,219 |
Albuquerque United Football Club Ltd Cedar Crest, NM | $44,425 | $436,616 |
Northeast Oklahoma Futball Club Owasso, OK | $437,966 | $431,650 |
Lobo Football Booster Club Inc Longview, TX | $85,466 | $256,819 |
Dragon Youth Football Inc Southlake, TX | $172,214 | $426,773 |
Indian Nations Football Conference Inc Broken Arrow, OK | $284,053 | $414,539 |
Wes Welker Foundation Oklahoma City, OK | $1,226,305 | $213,017 |