Charity Impact Media

Home › Recreation & sports

Midland Athletic Syndicate

Midland, TX · EIN 92-3462341 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Midland Athletic Syndicate reported $30.5 million in revenue and $140,099 in expenses for calendar year 2024. Of every $100 it spent, $0.00 went to program services, $93.18 to management and general costs and $6.82 to fundraising. Its largest source of revenue was contributions and grants: 98.3% of the total. The highest compensation it reported for one person was $60,000 (Executive Dir.). Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $140K

For context, the median across 237 covered recreation & sports charities: $88.05 programs, $10.89 management, $1.06 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $31M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 237 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
0.0%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
93.2%10.4%
Fundraising
Part IX 25(D) ÷ 25(A)
6.8%1.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.05
Contributions & grants share of revenue
Part VIII 1h ÷ 12
98.3%25.2%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.0%
Program service revenue share
Part VIII 2g ÷ 12
0.0%61.0%
Highest reported compensation
Part VII-A, columns D–F
$60,000$365,322
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
42.83%2.14%
People paid over $100,000
Part VII, line 2
06
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
3,102.114.9
Independent voting board members
Part VI 1a–1b
11 of 11100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
— expenses

No program services provided during 2024

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
Executive Dir.
Officer, 40.00 hrs/week
$60,000$0$0$60,000

0 people received more than $100,000 in reportable compensation from Midland Athletic Syndicate (Part VII, line 2). Compensation of current officers, directors and key employees totaled $60,000 (Part IX, line 5).

2 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40M20232024$31M$140K
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$31M$140K0.0%$36M$60,000
2023 ⓘ$5.0M$10,374100.0%$5.0M—

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b11 · 11 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aNo
  • Whistleblower policy Part VI 13No
  • Document retention policy Part VI 14No
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 51
  • Volunteers Part I, line 611

Private foundation grants it received

2 private foundations reported grants to Midland Athletic Syndicate totaling $3.7M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Midland Athletic Syndicate's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Midland Athletic Syndicate, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All recreation & sports charities · Largest charities in Texas

Questions people ask

How much of Midland Athletic Syndicate's spending goes to programs?

In calendar year 2024, Midland Athletic Syndicate reported that 0.0% of its $140,099 in expenses went to program services, 93.2% to management and general and 6.8% to fundraising (Form 990, Part IX).

How much does Midland Athletic Syndicate pay its top executive?

The largest total compensation Midland Athletic Syndicate reported for one person in calendar year 2024 was $60,000, for the role of Executive Dir. (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Midland Athletic Syndicate get its money?

Of $30.5 million in revenue in calendar year 2024, 98.3% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Midland Athletic Syndicate a registered charity?

The IRS lists EIN 92-3462341 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202533219349312558 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202412139349300611 · read the filing

All filings for EIN 92-3462341: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.