Capital Area Soccer League Inc
- Assets
- $18.3m
- Revenue
- $17.0m
- Investments
- $0.0
- Employees
- 434
- Location
- Raleigh, NC
- Founding
- 02/1975
- Data as of
- 07/2023
- EIN
- 23-7441292
Organization Overview
Capital Area Soccer League Inc, operating under the name North Carolina Fc Youth, is located in Raleigh, NC. The organization was established in 1975. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. As of 07/2023, North Carolina Fc Youth employed 434 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Fc Youth 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 07/2023, North Carolina Fc Youth generated $17.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $16.7m during the year ending 07/2023. While expenses have increased by 9.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE POSITIVE AND HIGH QUALITY SOCCER OPPORTUNITIES AT ALL LEVELS OF PLAY FOR YOUTH AND THEIR FAMILIES AND TO SERVE AS A VALUABLE COMMUNITY PARTNER.
Describe the Organization's Program Activity:
NORTH CAROLINA FC YOUTH (NCFCY) PROVIDES POSITIVE, HIGH QUALITY SOCCER OPPORTUNITIES AT ALL LEVELS OF PLAY FOR YOUTH (AGES 4-18) AND THEIR FAMILIES. NCFCY OFFERS INTRODUCTORY, INTERMEDIATE, AND ADVANCED LEVELS OF PLAY, WHICH ON AVERAGE, SERVE MORE THAN 16,000 PLAYERS EACH YEAR ACROSS THE GREATER TRIANGLE AREA. THROUGH AGE AND DEVELOPMENTALLY APPROPRIATE PROGRAMMING, NCFCY TEACHES THE SKILLS NEEDED TO PLAY SOCCER, WHICH IN TURN ALLOW YOUTH TO LEARN TEAMWORK, RESPECT, SPORTSMANSHIP, BUILDING SELF-ESTEEM AND CONFIDENCE, AND THE IMPORTANCE OF PHYSICAL ACTIVITY AMONG MANY OTHER TRAITS GAINED THROUGH PARTICIPATION.
NCFCY OWNS AND OPERATES WRAL SOCCER PARK, A 22-FIELD SPORTS COMPLEX, IN ADDITION TO UTILIZING OVER A HUNDRED OTHER FIELDS THROUGH LEASES AND/OR RENTAL AGREEMENTS WITH PUBLIC AND/OR PRIVATE ENTITIES (E.G., MUNICIPALITIES, SCHOOL SYSTEMS, PRIVATE FACILITY OWNERS, ETC.) TO HOST PRACTICES, GAMES, CAMPS, AND TOURNAMENTS. THROUGH PARTNERSHIPS, NCFCY INVESTS IN THE DEVELOPMENT OF NEW FIELDS, MAINTENANCE OF EXISTING FIELDS, AND FIELD AND FACILITY UPGRADES.
AS PART OF NCFCY'S MISSION, WE ARE COMMITTED TO BEING A VALUABLE COMMUNITY PARTNER BY PROVIDING A SAFE ENVIRONMENT FOR YOUTH TO LEARN AND GROW AND HOSTING EVENTS THAT BENEFIT OUR COMMUNITY. IN ADDITION TO TRADITIONAL LEAGUE PLAY, NCFCY OFFERS SOCCER OUTREACH PROGRAMS DESIGNED FOR YOUTH IN OUR COMMUNITY OFTEN UNDERREPRESENTED IN THE YOUTH SOCCER SETTING. COMBINED, ALL OUTREACH PROGRAMS OPEN UP THE GAME TO NEARLY 1,000 YOUTH WHO WOULD OTHERWISE NOT HAVE THE OPPORTUNITY TO PLAY. AS PART OF OUR COMMUNITY IMPACT, NCFCY HOSTS MORE THAN 10 SOCCER AND NON-SOCCER EVENTS THROUGHOUT THE YEAR. WE ARE PROUD TO HOST THE AREA'S LARGEST ANNUAL SPORTING EVENT, THE SHOWCASE SERIES (A 4-WEEKEND YOUTH SOCCER TOURNAMENT SERIES), THAT BRINGS IN MORE THAN 1,000 TEAMS EACH YEAR AND GENERATES AN ESTIMATED $24 MILLION IN DIRECT VISITOR SPENDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Dalpe Jr Chair | OfficerTrustee | 8 | $0 |
Jimmy Kitson Vice Chair | OfficerTrustee | 2 | $0 |
Brian Reid Treasurer | OfficerTrustee | 2 | $0 |
Nick Cerullo Secretary | OfficerTrustee | 2 | $0 |
Mark Francher Director - Human Resources | Trustee | 2 | $0 |
Roberto Canales Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arbiter Sports Llc Referees | 7/30/17 | $588,506 |
Parker's Landscape Services Inc Field Maintenance | 7/30/17 | $232,635 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $41,191 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,470,303 |
| Noncash contributions included in lines 1a–1f | $784,576 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,511,494 |
| Total Program Service Revenue | $14,887,222 |
| Investment income | $157,392 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $224,016 |
| Net Gain/Loss on Asset Sales | -$149,787 |
| Net Income from Fundraising Events | -$395 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,963,899 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,537 |
| 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. | $624,367 |
| Compensation of current officers, directors, key employees. | $14,255 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,897,596 |
| Pension plan accruals and contributions | $132,787 |
| Other employee benefits | $552,086 |
| Payroll taxes | $563,837 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,286 |
| Fees for services: Accounting | $18,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $684,911 |
| Advertising and promotion | $62,690 |
| Office expenses | $23,098 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $304,230 |
| Travel | $543,699 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,027 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $898,664 |
| Insurance | $78,979 |
| All other expenses | $855,630 |
| Total functional expenses | $16,714,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,854 |
| Savings and temporary cash investments | $7,957,717 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $201,694 |
| 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 | $306,289 |
| Net Land, buildings, and equipment | $7,368,759 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,217,315 |
| Total assets | $18,299,628 |
| Accounts payable and accrued expenses | $1,088,266 |
| Grants payable | $0 |
| Deferred revenue | $6,186,119 |
| 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 | $2,174,598 |
| Total liabilities | $9,448,983 |
| Net assets without donor restrictions | $8,829,278 |
| Net assets with donor restrictions | $21,367 |
| 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 | $18,299,628 |
Grants Awarded
Over the last fiscal year, Capital Area Soccer League Inc has awarded $24,988 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TAMMY LYNN CENTER PURPOSE: GENERAL SUPPORT | $10,000 |
APEX FRIENDSHIP MIDDLE SCHOOL PURPOSE: FIELD IMPROVEMENTS | $14,988 |