Lake Washington Youth Soccer Association
- Assets
- $5.2m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Redmond, WA
- Founding
- 09/1973
- Data as of
- 12/2021
- EIN
- 23-7182665
Organization Overview
Lake Washington Youth Soccer Association is located in Redmond, WA. The organization was established in 1973. 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. Lake Washington Youth Soccer Association 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, Lake Washington Youth Soccer Association generated $4.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $4.9m 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
YOUTH SOCCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES THE OPPORTUNITY FOR YOUTHS TO DEVELOP CHARACTER AND SOCCER SKILLS AT ALL LEVELS THROUGH OPERATION OF THE SOCCER ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Chung President | OfficerTrustee | 5 | $0 |
Ted Granston Treasurer | OfficerTrustee | 5 | $0 |
Chad Rogers Director | Trustee | 4 | $0 |
Yousef Habash Director | Trustee | 4 | $0 |
Scott Weedman Director | Trustee | 4 | $0 |
JD Watson Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
King County Parks And Recreation Soccer Field Rental | 12/30/21 | $421,412 |
Business Health Trust Medical Insurance | 12/30/21 | $137,463 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $116,705 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $132,705 |
| Total Program Service Revenue | $4,037,454 |
| 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 | $9,540 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,179,699 |
| 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 | $1,837,360 |
| Pension plan accruals and contributions | $12,697 |
| Other employee benefits | $290,960 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,548 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,094 |
| Advertising and promotion | $1,043 |
| Office expenses | $25,721 |
| Information technology | $30,983 |
| Royalties | $0 |
| Occupancy | $288,599 |
| 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 | $180,977 |
| Insurance | $6,825 |
| All other expenses | $0 |
| Total functional expenses | $4,860,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $884,209 |
| Savings and temporary cash investments | $10,008 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,809 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,443 |
| Prepaid expenses and deferred charges | $1,300,143 |
| Net Land, buildings, and equipment | $2,897,027 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,350 |
| Total assets | $5,169,989 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $723,812 |
| 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 | $723,812 |
| Net assets without donor restrictions | $4,441,387 |
| Net assets with donor restrictions | $4,790 |
| 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 | $5,169,989 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lake Washington Youth Soccer Association has recieved totaling $59,631.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $59,491 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $140 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Avenues For Youth Inc Portland, OR | $21,649,284 | $12,304,238 |
Lake Washington Youth Soccer Association Redmond, WA | $5,169,989 | $4,179,699 |
Pacific Northwest Soccer Club Tukwila, WA | $2,202,415 | $4,068,146 |
Issaquah Soccer Club Issaquah, WA | $882,764 | $2,870,799 |
Washington Premier Football Club Tacoma, WA | $3,927,147 | $2,870,120 |
Washington Timbers Football Club Vancouver, WA | $2,815,479 | $3,032,791 |
Pacific Premier Fc Everett, WA | $790,525 | $2,200,478 |
Westside Metros Soccer Club Beaverton, OR | $1,319,652 | $2,139,710 |
Greater Seattle Surf Soccer Club Woodinville, WA | $965,509 | $2,433,611 |
Washington State Youth Soccer Association Tukwila, WA | $1,242,742 | $1,954,253 |
Northshore Youth Soccer Association Woodinville, WA | $1,945,207 | $1,980,763 |
Deschutes Academy And Futbol Club Bend, OR | $1,872,316 | $1,613,240 |