GFI Academy INC

Nonprofit profile at a glance

EIN
471082520
IRS 990 coverage
2020–2024
Forms available
Form 990 2024, Form 990-N 2014
Location
Spring, TX, USA
Phone
7866511290
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Soccer

Reported finances

Revenue
$6,453,828
Expenses
$6,274,395
Assets
$1,808,226
Liabilities
$1,556,362

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

Leadership & pay

4 people listed

Executive titles in this filing

  • Joel Verges (President & CEO)

People named in this filing

  • Joel Verges (President & CEO)
  • Gerardo Torrado (Director)
  • Miguel Gonzalez (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

Our programs are dedicated to providing high-quality soccer training and development for youth ages 5 to 18, both female and male. By operating as a nonprofit, the organization focuses on fostering teamwork, sportsmanship, and leadership through structured practices, competitive play, and community engagement. The goal is to create a safe, inclusive, and supportive environment that helps young athletes develop physical fitness, technical skills, and personal character, ultimately benefiting their growth both on and off the field.

What it reported doing in 2024

Provided structured soccer instruction, skill-building sessions, and competitive play opportunities for over 4,625 youth between the ages of 5 and 16. Offered beginner, intermediate, and advanced training groups to accommodate varying skill levels and ensure each child received age-appropriate instruction. Increased Access Through Financial Aid Granted financial aid over 300 players, reducing or fully covering registration fees and equipment costs. Enabled youth from diverse economic backgrounds to participate, furthering the organization? s commitment to inclusivity and equal opportunity. Enhanced Player Development and Well-Being Integrated leadership, teamwork, and sportsmanship training into regular practices, promoting personal growth as well as athletic advancement. Conducted health and nutrition workshops to foster holistic well-being, emphasizing injury prevention and overall fitness. Community Engagement and Volunteer Involvement Partnered with local schools and community centers to host free clinics, reaching additional youth who might not otherwise have access to organized sports. Engaged parents and volunteers as coaches and mentors, creating a supportive environment and strengthening community bonds. Measurable Impact Achieved improved retention rates, with the majority of players returning for multiple seasons. Gathered feedback from participants and families indicating enhanced confidence, discipline, and teamwork skills among players.

Operating model

Revenue model
Earned-program. 96% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 84
  • Accountability: 82
  • Sustainability: 35
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.2%; rating input score 97
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2.8%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 0.29; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 0.86; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 48.5% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 49% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 47.9% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 97.2% of revenue deployed · 100% of spending went to programs
  • Governance: 3 of 3 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $6.3M in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • Moderate — Sustainability: Operating margin scored 44/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.