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 05/2024, Cefc employed 26 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 05/2024, Cefc generated $886.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 50.1% each year . All expenses for the organization totaled $891.1k during the year ending 05/2024. While expenses have increased by 49.7% per year over the past 7 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
2024
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 SUMMER /FALL 2023 - SPRING 2024 RECREATIONAL SEASONS FINAL THIRD FOUNDATION PROVIDED FOR OVER 1300 PARTICIPANTS AGES 3 - 18 YEARS OLD. OUT OF THOSE PARTICIPANTS MANY F3 PARTNER ORGANIZATIONS INCLUDING GALACTICOS (SERVES THE LATINX COMMUNITY), OHIO YOUTH ACADEMY (SERVES THE EAST AFRICAN COMMUNITY), COLUMBUS EAGLES (SERVES MOSTLY THE WEST AFRICAN COMMUNITY), AND MORE, RECEIVED SUBSIDIZED PLAYER RATES OF OVER 50%. FINAL THIRD FOUNDATION ALSO SUPPORTED EACH ORGANIZATION WITH REGISTRATION AND ONGOING MANAGEMENT, AS WELL AS PROVIDING A HOME AT PATHWAYS PARK AT HEAVILY SUBSIDIZED TO NO-COST RATES FOR REGULAR AND CONTINUOUS USE. THE TOTAL NUMBER OF PLAYERS RECEIVING SUBSIDIZED PRICING FOR RECREATIONAL PROGRAMMING, SUPPORT WITH MANAGEMENT AND USE OF THE PARK WAS OVER 325 PLAYERS THROUGH THESE PARTNER PROGRAMS. THE ESTIMATED SCHOLARSHIP TOTAL WITH THESE PROGRAMS AS WELL AS USE OF THE PARK IS ~$66,350.FINAL THIRD FOUNDATION TOOK OVER OPERATIONAL MANAGEMENT IN THE FALL OF 2020 OF EASTON SPORTS PARK, NOW KNOWN AS PATHWAYS PARK, 4475 SUNBURY ROAD, COLUMBUS OHIO 43219. F3 CONTINUED THE CONVERSION PROCESS FROM 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. DURING THE SPRING OF 2024 FINAL THIRD FOUNDATION SPROUTS PROGRAMMING FOR YOUTH TOOK PLACE IN THE LEARNING GARDEN AT PATHWAYS PARK FOR UNDERSERVED COMMUNITIES, SPECIFICALLY FOR OHIO YOUTH ACADEMY, AN ORGANIZATION THAT MOSTLY SUPPORTS THE LOCAL SOMALI COMMUNITY. THE SPROUTS PROGRAM ALSO EXPANDED INTO SCHOOLS FOR THE FIRST TIME. MORE THAN 115 KIDS PARTICIPATED IN PROGRAMMING, ENGAGING IN PLANTING SEEDS AND DRAWING THE PROGRESSION OF THE PLANT GROWTH, TRYING MORE THAN 25 DIFFERENT FRUITS AND VEGETABLES, AND MORE. F3 EXPANDED ITS SOCCER AND LITERACY PROGRAMMING INTO MANY MORE SCHOOLS IN CENTRAL OHIO. F3 PROVIDED A 10-WEEK/1X OR 2X PER WEEK SOCCER AND LITERACY IN-SCHOOL AND AFTER-SCHOOL PROGRAMS TO 17 SCHOOLS AND ~ 830 STUDENTS. F3 CONTINUED TO EXPAND ITS PROGRAMMING INTO THE CENTRAL, NORTH, EAST, WEST, AND SOUTH SIDES OF COLUMBUS REACHING EARLY CHILDHOOD CENTERS LIKE SPROUTFIVE AND HIGH SCHOOL ESL CLASSROOM AT COLUMBUS GLOBAL ACADEMY.THE TOTAL BUDGET FOR THE PROGRAM IS $5,000 FOR A 10-WEEK, 1X PER WEEK PROGRAM AND $7,500 FOR A 10-WEEK, 2X PER WEEK PROGRAM. THE BUDGET INCLUDES THE PAYMENT FOR THE DIRECTOR OF EDUCATION TO MANAGE THE PROGRAM AND PROVIDE MONITORING AND EVALUATION. FINAL THIRD FOUNDATION ALSO SET UP ITS FIRST VOLUNTEER TRIP TO KENYA IN DECEMBER 2023 TO VISIT ITS PARTNER ORGANIZATION, LIKONI COMMUNITY FOOTBALL LEAGUE. F3 BOARD MEMBER, JOE MACKLIN, F3 EDUCATION SPECIALIST, JESSICA BENNETT, AND A VOLUNTEER VISITED WITH EXECUTIVE DIRECTOR, BENJAMIN LEVEY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Benjamin Levey Executive Director | OfficerTrustee | 60 | $86,452 |
Brynn Kolada Board Member | Trustee | 1 | $0 |
Sam Marcellino Board Member | Trustee | 1 | $0 |
Gary Blumberg Treasurer/vice Chair | OfficerTrustee | 2 | $0 |
Joseph Macklin Secretary | Trustee | 2 | $280 |
Charles Gocken Board Member | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $5,850 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $368,232 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $374,082 |
Total Program Service Revenue | $460,156 |
Investment income | $297 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $34,410 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $17,568 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $886,513 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $13,915 |
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. | $85,452 |
Compensation of current officers, directors, key employees. | $8,545 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $196,687 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $32,896 |
Fees for services: Management | $0 |
Fees for services: Legal | $18,694 |
Fees for services: Accounting | $1,112 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $121,219 |
Advertising and promotion | $6,753 |
Office expenses | $32,053 |
Information technology | $0 |
Royalties | $15,133 |
Occupancy | $42,040 |
Travel | $17,539 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $6,168 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,548 |
Insurance | $7,895 |
All other expenses | $4,186 |
Total functional expenses | $891,090 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $49,264 |
Savings and temporary cash investments | $18,631 |
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 | $23,953 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $91,848 |
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 | $119,744 |
Other liabilities | $0 |
Total liabilities | $119,744 |
Net assets without donor restrictions | -$27,896 |
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 | $91,848 |
Over the last fiscal year, Final Third Foundation has awarded $21,250 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
COMMUNITY REFUGEE & IMMIGRATION SERVICES PURPOSE: SOCIAL SERVICES FOR IMMIGRANTS | $17,000 |
COLUMBUS EAST SOCCER ASSOCIATION 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 |