Handball Futures Inc
Nonprofit profile at a glance
- EIN
- 331649827
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024
- Location
- Colorado Springs, CO, USA
- Phone
- 3037595937
- Rating
- 54
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Education N.E.C.
Reported finances
- Revenue
- $46,633
- Expenses
- $13,428
- Assets
- $35,870
- Liabilities
- $2,665
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Kathleen Rex (President)
People named in this filing
- Kathleen Rex (President)
- Kim Clarke (Treasurer)
- Amy Gamble (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to foster the growth of handball in the United States by organizing world-class competitive events and development programs. Through the Handball Futures Festival, we aim to inspire and train a new generation of athletes, offering them a platform to showcase their talent and build pathways toward international competition, including the Olympic Games. By creating an inclusive and supportive environment, we seek to elevate handballs visibility, while empowering athletes to achieve excellence in the sport.
What it reported doing in 2024
Handball Futures started up in the second half of 2024 and was incorporated in October 2024. During this period, efforts were focused on securing funding to support organizational operations, conducting interviews with prospective coaches for the Handball Futures Programs and Festival, completing the Coaches Manual for training purposes, and establishing a foundational infrastructure. The primary focus in 2024 was on building the operational framework necessary to launch programs in 2025.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 21
- Transparency & Controls: 100
- Sustainability: 75
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 10.6%; rating input score 11
- Program expense ratio: 36.9%; rating input score 37
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 71.2%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 2.67; rating input score 72; 72nd percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 10.6% of revenue deployed · 36.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $5K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- 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.
- High — Financial Efficiency: Mission deployment rate scored 11/100.
- Moderate — Financial Efficiency: Program expense ratio scored 37/100.
- High — Sustainability: Liabilities to assets ratio scored 19/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.