Manhattan Soccer Club Inc
- Assets
- $3.5m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 54
- Location
- New York, NY
- Founding
- 02/1997
- Data as of
- 08/2021
- EIN
- 13-3875631
Organization Overview
Manhattan Soccer Club Inc is located in New York, NY. The organization was established in 1997. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 08/2021, Manhattan Soccer Club Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manhattan Soccer Club Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, Manhattan Soccer Club Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $3.4m during the year ending 08/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MANHATTAN SOCCER CLUB PROVIDES SOCCER TRAINING AND PLAYING OPPORTUNITIES FOR YOUNG CHILDREN AND TEENAGERS IN THE NEW YORK CITY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANHATTAN SOCCER CLUB PROVIDES SOCCER PROGRAMS TO YOUTHS OF ALL RACES AND INCOME LEVELS. THE YOUTHS RESIDE PRIMARILY IN NEW YORK CITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Ray Salvadurai Director Of Coaching | Officer | 40 | $153,333 |
Richard Corvino Executive Director | Officer | 40 | $95,000 |
John Graber President | OfficerTrustee | 20 | $0 |
David Kramer First VP | OfficerTrustee | 10 | $0 |
Loryn Bergman Second VP | OfficerTrustee | 10 | $0 |
Samuel Arnoff General Manager | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $424,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $242,460 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $667,260 |
| Total Program Service Revenue | $3,078,353 |
| Investment income | $4,111 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $61,339 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,811,063 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,000 |
| 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. | $361,708 |
| Compensation of current officers, directors, key employees. | $163,312 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,535,425 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $164,846 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,749 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $902,257 |
| Advertising and promotion | $2,418 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $363,788 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,347 |
| All other expenses | $0 |
| Total functional expenses | $3,425,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,871,790 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,244 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $531,999 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,094,515 |
| Intangible assets | $0 |
| Other assets | $5,555 |
| Total assets | $3,532,103 |
| Accounts payable and accrued expenses | $53,203 |
| Grants payable | $0 |
| Deferred revenue | $1,842,722 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $401,846 |
| Total liabilities | $2,297,771 |
| Net assets without donor restrictions | $1,223,122 |
| Net assets with donor restrictions | $11,210 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,532,103 |
Grants Awarded
Over the last fiscal year, Manhattan Soccer Club Inc has awarded $70,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: Maintain Soccer Fields | $50,000 |
MARTIN LUTHER KING JR PURPOSE: Uniforms, Equipment, Travel, Etc. | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Manhattan Soccer Club Inc has recieved totaling $28.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
Endowment Analysis
| Beg. Balance | $11,207 |
| Earnings | $3 |
| Ending Balance | $11,210 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manhattan Youth Recreation And Resources Inc New York, NY | $17,184,242 | $19,141,924 |
Sephardic Community Youth Center Brooklyn, NY | $72,169,796 | $17,975,881 |
Alliance Community Healthcare Inc Jersey City, NJ | $11,068,751 | $12,649,986 |
Do Something Inc New York, NY | $16,018,625 | $4,390,638 |
Colonie Youth Center Inc Latham, NY | $13,129,145 | $4,748,575 |
Squashbusters Inc Roxbury Crossing, MA | $32,066,323 | $8,675,838 |
El Puente De Williamsburg Inc Brooklyn, NY | $1,746,153 | $3,586,866 |
Boys And Girls Clubs Of Northwest New Jersey Inc Wayne, NJ | $6,341,949 | $5,450,111 |
Manhattan Soccer Club Inc New York, NY | $3,532,103 | $3,811,063 |
Vagabond Missions Pittsburgh, PA | $2,255,998 | $3,415,879 |
Compass Youth Collaborative Inc Hartford, CT | $2,453,740 | $3,584,751 |
North 10 Philadelphia Wayne, PA | $20,931,088 | $2,577,182 |