Mt Olive Soccer Club Inc
- Assets
- $1.2m
- Revenue
- $652.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Flanders, NJ
- Founding
- 08/1997
- Data as of
- 12/2023
- EIN
- 22-3421413
Organization Overview
Mt Olive Soccer Club Inc is located in Flanders, NJ. The organization was established in 1997. 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. Mt Olive 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 12/2023, Mt Olive Soccer Club Inc generated $652.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $631.4k during the year ending 12/2023. 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
TO PROMOTE SOCCER EDUCATION AND SUPPORT THE YOUTH SOCCER IN OUR COMMUNITY, THROUGH THE INSTRUCTIONAL, TRAVEL, AND PREMIER PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREMIER PROGRAM
TRAVEL PROGRAM
INSTRUCTIONAL PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia Waldstein President | Trustee | 25 | $0 |
James Rollo Director | Trustee | 20 | $0 |
Jason Burns Vice President Of Play | Trustee | 20 | $0 |
John Ferrante Treasurer | Trustee | 20 | $0 |
Jason Licker Director | Trustee | 20 | $0 |
Dennis Morais Director | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $243,679 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250,679 |
| Total Program Service Revenue | $397,885 |
| Investment income | $73 |
| 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 | $3,496 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $652,133 |
| 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 | $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 | $3,900 |
| Advertising and promotion | $600 |
| Office expenses | $61 |
| Information technology | $5,741 |
| 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 | $5,004 |
| Interest | $24,920 |
| Payments to affiliates | $18,802 |
| Depreciation, depletion, and amortization | $111,118 |
| Insurance | $555 |
| All other expenses | $157,654 |
| Total functional expenses | $631,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,325 |
| Savings and temporary cash investments | $244,869 |
| 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 | $752,050 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,196,244 |
| Accounts payable and accrued expenses | -$23,681 |
| 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 | $994,124 |
| Other liabilities | $0 |
| Total liabilities | $970,443 |
| Net assets without donor restrictions | $225,801 |
| 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 | $1,196,244 |