World Soccer Organization Inc
- Assets
- $40.0k
- Revenue
- $126.4k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2005
- Data as of
- 12/2023
- EIN
- 20-2735070
Organization Overview
World Soccer Organization Inc is located in New York, NY. The organization was established in 2005. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Soccer Organization 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 12/2023, World Soccer Organization Inc generated $126.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $126.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 6 years. 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
WE ARE AN ORGANIZATION THAT TEACHES SCHOOL CHILDREN THE GAME OF SOCCER IN ORDER TO FOSTER CREATIVITY, TEAMWORK AND EXERCISE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORLD SOCCER ORGANIZATION (WSO) PROVIDES A NEW SERVICE TO ENHANCE, ASSIST AND GROW THE SPORT OF SOCCER IN UNDERSERVED COMMUNITIES. WSO STRIVES TO HELP ESTABLISH FUTSAL AS THE SELECTED VERSION OF FIVE A SIDE SOCCER IN NEW YORK. WSO SEEKS TO INCREASE AND SUPPORT PARTICIPATION AT EVERY AGE AND ABILITY LEVEL BY PROVIDING ALL PLAYERS WITH THE OPPORTUNITY TO BE PART OF SOCCER CLINICS, SOCCER LESSONS, AFTERSCHOOL PROGRAMS LEAGUES AND TOURNAMENTS. NEW YORK FUTSAL IS DEDICATED TO GRASS ROOT DEVELOPMENT AND GROWTH OF THE SPORT OF SOCCER WITH AN EMPHASIS ON BEING A POWERFUL VEHICLE FOR SOCIAL CHANGE IN COMMUNITIES THAT ARE UNDERSERVED OR HAVE LIMITED ACCESS TO SPORTS PROGRAMS FOR THEIR YOUTH. WSO STRIVED TO PROVIDE AN EASY AND AFFORDABLE ACCESS TO QUALITY SOCCER PROGRAMS THAT WILL SUPPORT UNDERSERVED CHILDREN'S PHYSICAL AND PERSONAL DEVELOPMENT.
NO SECOND PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaime Arias Director | OfficerTrustee | 40 | $15,600 |
Leslie Hamerschlag Vice President | Officer | 40 | $15,600 |
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 | $126,413 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,413 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $126,413 |
| 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. | $31,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $18,587 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $77,155 |
| Total functional expenses | $126,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,968 |
| 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 | $39,968 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $39,968 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $39,968 |