Taunton Eagles Soccer Club Inc
- Assets
- $1.1m
- Revenue
- $561.6k
- Investments
- $0.0
- Employees
- 23
- Location
- Taunton, MA
- Founding
- Data as of
- 12/2023
- EIN
- 04-2925965
Organization Overview
Taunton Eagles Soccer Club Inc is located in Taunton, MA. As of 12/2023, Taunton Eagles Soccer Club Inc employed 23 individuals. Taunton Eagles Soccer Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Taunton Eagles Soccer Club Inc generated $561.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $581.5k during the year ending 12/2023. While expenses have increased by 18.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL CLUB AND SOCCER TEAM SPONSORSHIP ALSO THE SALES OF FOOD TO SUPPORT CLUB ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE PORTUGUESE CULTURE AND LANGUAGE, PROMOTE SPORTS, MAINLY SOCCER FOR THE YOUNG AND MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francisco Relva President | OfficerTrustee | 5 | $0 |
Antonio Monteiro Clerk | OfficerTrustee | 5 | $0 |
Jennifer Desousa Treasurer | OfficerTrustee | 15 | $0 |
Joseph Desousa V President | OfficerTrustee | 15 | $0 |
Francisco Relva Director | OfficerTrustee | 8 | $0 |
Joseph Desousa Director | OfficerTrustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,060 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,310 |
| Total Program Service Revenue | $4,050 |
| Investment income | $61 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $60,761 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $62,604 |
| Net Income from Sales of Inventory | $417,116 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $561,640 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $220,894 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,192 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,700 |
| Office expenses | $1,312 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $161,239 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,325 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,138 |
| Insurance | $38,360 |
| All other expenses | $50,470 |
| Total functional expenses | $581,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,067 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,881 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $896,238 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,099,186 |
| Accounts payable and accrued expenses | $63,572 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $789,703 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $853,275 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $245,911 |
| Total liabilities and net assets/fund balances | $1,099,186 |