Las Vegas Sports Initiative
- Assets
- $664.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 10/2005
- Data as of
- 12/2021
- EIN
- 14-1901158
Organization Overview
Las Vegas Sports Initiative is located in Las Vegas, NV. The organization was established in 2005. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Las Vegas Sports Initiative 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 12/2021, Las Vegas Sports Initiative generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. 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
SOCCER INSTRUCTION TO YOUTHS HOLDING ANNUAL SOCCER TOURNAMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION PROVIDES PLACES AND TIMES FOR THE INSTRUCTION AND PLAY OF
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Saeed Bonabian Treasurer | OfficerTrustee | 40 | $0 |
Michael Cookli President | Officer | 4 | $0 |
Michael Spedal Secretary | Officer | 10 | $0 |
John Witucki Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,089,953 |
| Investment income | $30 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,089,983 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,100 |
| 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 | $111,900 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,239 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $530 |
| Office expenses | $17,372 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,000 |
| Travel | $56,878 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,942 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,392 |
| Insurance | $0 |
| All other expenses | $952,417 |
| Total functional expenses | $1,170,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $664,645 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $664,645 |
| Accounts payable and accrued expenses | -$1,304 |
| 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 | $216,385 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $215,081 |
| 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 | $449,564 |
| Total liabilities and net assets/fund balances | $664,645 |
Grants Awarded
Over the last fiscal year, Las Vegas Sports Initiative has awarded $12,115 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LV MOBSTERS SOCR PURPOSE: DONATION | $6,115 |
INTL SOCCER CLUB PURPOSE: DONATION | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Avenues For Youth Inc Portland, OR | $21,649,284 | $12,304,238 |
Mission Viejo Pateadores Inc Costa Mesa, CA | $5,410,676 | $6,870,399 |
Inland Youth Soccer Education Program Eastvale, CA | $2,679,996 | $4,925,052 |
Southern California Developmental Soccer League Yorba Linda, CA | $821,067 | $3,898,566 |
Utah Youth Soccer Association Inc Sandy, UT | $11,252,002 | $6,100,918 |
Beach Futbol Club Torrance, CA | $2,068,855 | $5,229,964 |
Carlsbad United Fc Carlsbad, CA | $2,069,872 | $4,701,055 |
Mustang Soccer League Danville, CA | $4,189,938 | $3,632,479 |
Mountain View Los Altos Soccer Club Los Altos, CA | $2,673,632 | $4,740,433 |
San Dieguito Surf Soccer Club Del Mar, CA | $213,133 | $3,920,186 |
Peninsula Soccer League San Diego, CA | $1,048,894 | $4,275,067 |
California Youth Soccer Association Inc Sacramento, CA | $3,608,679 | $3,167,322 |