Las Vegas Soccer Association
- Assets
- $1.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 57
- Location
- Las Vegas, NV
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 26-2733601
Organization Overview
Las Vegas Soccer Association is located in Las Vegas, NV. The organization was established in 2009. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Las Vegas Soccer Association employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Las Vegas 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, Las Vegas Soccer Association generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF LAS VEGAS SOCCER ASSOCIATION IS TO DEVELOP WELL-BALANCED, SUCCESSFUL STUDENT ATHLETES IN A HEALTHY, POSITIVE SOCCER ENVIRONMENT. WE WILL PROMOTE AND DEVELOP EXCELLENCE IN CLUB SOCCER BASED ON THE VALUES OF SKILL, SPORTSMANSHIP AND CHARACTER AT ALL TIMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAS VEGAS SOCCER ASSOCIATION HAS BEEN ESTABLISHED TO DEVELOP WELL-BALANCED, SUCCESSFUL STUDENT ATHLETES IN A HEALTHY ENVIRONMENT; TO PROMOTE AND DEVELOP EXCELLENCE IN CLUB SOCCER BASED ON THE VALUES OF SKILL, SPORTSMANSHIP, AND CHARACTER AT ALL TIMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Rasmussen President | Officer | 40 | $72,000 |
Patricia Rasmussen Treasurer | Officer | 40 | $72,000 |
Lana C Rasmussen Secretary | Officer | 20 | $7,200 |
Maureen Hester Director | Trustee | 5 | $4,553 |
Richard Romano Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,431 |
| Investment income | $796 |
| 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 | $1,352,119 |
| Statement of Expenses | |
|---|---|
| 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. | $132,259 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $517,127 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $71,346 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,735 |
| Advertising and promotion | $0 |
| Office expenses | $36,063 |
| Information technology | $3,295 |
| Royalties | $0 |
| Occupancy | $33,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $224 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,375 |
| Insurance | $21,427 |
| All other expenses | $0 |
| Total functional expenses | $1,303,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,988 |
| Savings and temporary cash investments | $757,381 |
| 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 | $13,034 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $171,480 |
| Total assets | $1,233,448 |
| Accounts payable and accrued expenses | $935 |
| Grants payable | $0 |
| Deferred revenue | $838,316 |
| 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 | $152,335 |
| Other liabilities | $0 |
| Total liabilities | $991,586 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $241,862 |