Classic City Collective Inc

Nonprofit profile at a glance

EIN
933070490
IRS 990 coverage
2023–2024
Forms available
Form 990 2024
Location
Santa Rosa Beach, FL, USA
Phone
3344729490
Rating confidence
Limited
Sector
Professional Societies, Associations

Official website

Reported finances

Revenue
$16,198,789
Expenses
$16,219,996
Assets
$340,346
Liabilities
$536,514

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • MATT HIBBS (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • MATT HIBBS (CHIEF EXECUTIVE OFFICER): $322,500 total reported compensation
  • STEVEN FARMER (CHIEF REVENUE OFFICER): $175,000 total reported compensation
  • PATRICK JACOBS (CHIEF OPERATING OFFICER): $58,333 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization engages in community development, mentoring, youth development, education, and poverty relief by creating partnerships between university of Georgia alumni, student athletes, and the surrounding communities.

What it reported doing in 2024

In 2024, classic city collective inc. Advanced its mission by building partnerships among university of Georgia student-athletes, alumni, and local communities to promote community development and mentoring. Opportunities were provided for hundreds of student-athletes to engage with local organizations through nil (name, image, likeness) activities such as endorsements, appearances, and promotional events.the collective supported athlete growth by connecting them with community initiatives focused on education, mentorship, and regional development. It also provided training on brand management, financial literacy, and personal development to prepare student-athletes for success on and off the field.through these efforts, classic city collective strengthened relationships between uga athletics and the local communities, fostering impactful collaborations that benefit student-athletes and promote positive community engagement.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 74
  • Accountability: 63
  • Sustainability: 22
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 1 of 9 controls in place; rating input score 11
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -0.1%; rating input score 30; 30th percentile among comparable filings
  • Total-asset coverage ratio: 0.02; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: 1.58; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 3.4%; rating input score 64; 64th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 139.4% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: -46.8% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 5 of 5 board members independent · 1 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $15.7M in reported program spending
  • Leadership: top reported pay $322K · 8 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules · includes major donors and executive pay
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 7 of 8 not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 30/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.