Penn United Soccer Acaademy
- Assets
- $53.3k
- Revenue
- $78.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Lemont, PA
- Founding
- 06/2014
- Data as of
- 12/2020
- EIN
- 27-4426425
Organization Overview
Penn United Soccer Acaademy is located in Lemont, PA. The organization was established in 2014. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. As of 12/2020, Penn United Soccer Acaademy employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penn United Soccer Acaademy 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 12/2020, Penn United Soccer Acaademy generated $78.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $60.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (19.8%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A SOCCER CLUB FOR CENTRAL PENNSYLVANIA AREA YOUTH FOR TRAINING AND COMPETITION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PENN UNITED SOCCER ACADEMY IS A YOUTH SOCCER PROGRAM WITH 550 PARTICIPANTS IN STATE COLLEGE, PA. YOUTH AGES 7 TO 14 CAN PARTICIPATE IN A PROGRAM THAT STRESSES LEADERSHIP, SPORTSMANSHIP AND TEAMWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Beverly Board Member | Trustee | 3 | $1,545 |
Brian Brungard President | Officer | 3 | $0 |
David Lenze Board Member | Trustee | 5 | $0 |
Chris Schoonmaker Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $78,409 |
| Investment income | $31 |
| 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 | $78,440 |
| 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 | $6,140 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $594 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,726 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $135 |
| Advertising and promotion | $0 |
| Office expenses | $120 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,280 |
| 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 | $1,136 |
| Insurance | $745 |
| All other expenses | $3,395 |
| Total functional expenses | $60,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,192 |
| Savings and temporary cash investments | $0 |
| 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 | $1,079 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $53,271 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $53,271 |
| 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 | $53,271 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Soccer Association Ofcolumbia Inc Ellicott City, MD | $14,674,993 | $7,834,264 |
Bethesda Soccer Club Inc Bethesda, MD | $4,179,616 | $5,404,213 |
Players Development Academy Corp Bernardsville, NJ | $4,745,667 | $5,179,037 |
Downtown United Soccer Club Inc New York, NY | $2,387,381 | $4,600,027 |
Spirit Soccer Club Of Chester Co Downingtown, PA | $3,712,440 | $4,199,820 |
New York Soccer Club Of Westchester Inc Purchase, NY | $1,450,794 | $3,791,791 |
Pennsylvania Classics Ac East Petersburg, PA | $3,528,438 | $4,071,583 |
Beadling Soccer Club Bridgeville, PA | $845,707 | $3,205,132 |
Cincinnati United Soccer Club Cincinnati, OH | $2,282,180 | $3,133,559 |
West Chester Soccer Club Inc West Chester, PA | $4,361,758 | $3,529,345 |
Pipeline Soccer Charitable Foundation Inc Timonium, MD | $727,830 | $2,989,313 |
Club Ohio Soccer Inc Dublin, OH | $2,845,466 | $3,328,698 |