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Nonprofit · EIN 47-1082520

GFI ACADEMY INC

Tax-exempt · SPRING, TX 77389

Financials

$4.4M$4.2M2023$6.5M$6.3M2024
Revenue Expenses · by fiscal year end
Financials of GFI ACADEMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2025990$6,453,828$6,274,395$179,433$1,808,226$1,556,362$251,864
May 31, 2024990$4,356,804$4,158,496$198,308$1,472,472$1,400,041$72,431
Financial details: 990 for the year ended May 31, 2025

Revenue

Contributions, gifts and grants
$86,976
Program service revenue
$6,215,074
Investment income
$0
Net income from gaming
$14,539
Other revenue
$151,778

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$361,459
Salaries, compensation and benefits (total)
$477,586
Professional fundraising fees
$0
Legal fees
$1,202
Accounting fees
$39,055
Travel
$1,049
Depreciation
$126,394
Program services (functional)
$6,274,395

Balance sheet and other

Total assets, start of year
$1,472,472
Total assets, end of year
$1,808,226
Total liabilities, end of year
$1,556,362
Net assets, end of year
$251,864
Land, buildings and equipment
$332,610
Net assets without donor restrictions
$251,864
Gross receipts
$6,492,874
Employees
0
Year formed
2015
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended May 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Joel VergesPresident & CEO
Trustee or director
30$0
Gerardo TorradoDirector
Trustee or director
40$0
Miguel GonzalezSecretary
Trustee or director
2$0
Gareth GlickAcademy Director40$0
990 for the year ended May 31, 2024: 4 people
NameTitleHours / weekCompensation
Gareth GlickAcademy Director40$95,000
Joel VergesPresident & CEO
Trustee or director
30$0
Gerardo TorradoDirector
Trustee or director
40$0
Miguel GonzalezSecretary
Trustee or director
2$0

Address and contacts

Address (IRS master file)
27001 LENZE RD, SPRING, TX 77389-3563
In care of
% JOEL VERGES
Mailing address (990-N for 2014)
PO Box 483, Barker TX 77413
Principal officer (990 for 2024)
Joel Verges, 27001 LENZE RD, Spring, TX 77389
Principal officer (990-N for 2014)
Nelson Ballesteros, 2614 Sandy Mist, Katy TX 77494
Signed the 990
Joel Verges, President & CEO
Phone
(786) 651-1290
Return prepared by
Accounting & Business Services Keeping Your Book

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.

990 for the year ended May 31, 2025

Program accomplishments

  • 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.
    Expenses $6,274,395

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025May 31, 2026October 15, 2026Not on file
2024May 31, 2025October 15, 2025990 on file
2023May 31, 2024October 15, 2024990 on file

IRS record

EIN
47-1082520
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2015
Accounting year ends
May
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,808,226
Income (IRS master file)
$6,492,874

Filing history

FormYear endedRevenueExpensesAssetsReturn
990May 2025$6,453,828$6,274,395$1,808,226XML
990May 2024$4,356,804$4,158,496$1,472,472IRS
990May 2023$1,659,095$1,650,358$908,984IRS
990May 2022$1,218,293$1,189,692$298,509IRS
990May 2021–––IRS
990-N for 2014
Officer: Nelson Ballesteros
December 31, 2014≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-1082520).

Questions about GFI ACADEMY INC

What is the EIN of GFI ACADEMY INC?
The employer identification number (EIN) of GFI ACADEMY INC is 47-1082520.
Is GFI ACADEMY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to GFI ACADEMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GFI ACADEMY INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GFI ACADEMY INC due?
The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GFI ACADEMY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended May 2025.
Who is the principal officer of GFI ACADEMY INC?
The 990 for the year ended May 31, 2025 names Joel Verges.
Who are the officers and directors of GFI ACADEMY INC?
The 990 for the year ended May 31, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does GFI ACADEMY INC have?
On its 990 for the year ended May 31, 2025 it reported revenue of $6,453,828, expenses of $6,274,395 and total assets of $1,808,226 at year end.

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