Lake Washington Youth Soccer Association
- Assets
- $5.5m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Redmond, WA
- Founding
- 09/1973
- Data as of
- 12/2022
- 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 12/2022, Lake Washington Youth Soccer Association generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $3.9m during the year ending 12/2022. 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
2022
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 |
David Caufield Director | Trustee | 4 | $0 |
Yousef Habash Director | Trustee | 4 | $0 |
Scott Weedman Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
King County Parks And Recreation Soccer Field Development | 12/30/22 | $600,000 |
Business Health Trust Medical Insurance | 12/30/22 | $106,077 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $107,759 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,759 |
| Total Program Service Revenue | $4,147,217 |
| 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 | $10,231 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,282,207 |
| 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 | $1,877,773 |
| Pension plan accruals and contributions | $18,837 |
| Other employee benefits | $0 |
| Payroll taxes | $338,784 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,482 |
| Fees for services: Accounting | $8,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,400 |
| Advertising and promotion | $1,043 |
| Office expenses | $26,108 |
| Information technology | $32,519 |
| Royalties | $0 |
| Occupancy | $287,720 |
| 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 | $6,886 |
| All other expenses | $0 |
| Total functional expenses | $3,929,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $687,915 |
| Savings and temporary cash investments | $10,008 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $161,809 |
| 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 | $1,918,915 |
| Net Land, buildings, and equipment | $2,716,050 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,350 |
| Total assets | $5,522,490 |
| 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 | $4,793,888 |
| 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 | $5,522,490 |