San Francisco Elite Academy
- Assets
- $1.1m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 60
- Location
- San Francisco, CA
- Founding
- 08/2015
- Data as of
- 12/2022
- EIN
- 35-2523738
Organization Overview
San Francisco Elite Academy is located in San Francisco, CA. The organization was established in 2015. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, San Francisco Elite Academy employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Francisco Elite Academy 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, San Francisco Elite Academy generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $2.2m during the year ending 12/2022. While expenses have increased by 22.9% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FORM, MANAGE AND TRAIN BOYS AND GIRLS ELITE YOUTH SOCCER TEAMS AND PLAYERS IN THE U8-U19 AGE GROUPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCCER PROGRAM - DURING 2022 THE SAN FRANCISCO ELITE ACADEMY FOCUSED ON RESUMING ITS NORMAL YOUTH SOCCER PROGRAM AFTER RELAXATION OF COVID-19 RESTRICTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Clay Leighton Director/treasurer/secretary | OfficerTrustee | 8 | $0 |
Edwin Soto Director | Trustee | 4 | $0 |
Philip Bronson Director | Trustee | 4 | $0 |
Joseph Dugan President/exec. Director | Officer | 40 | $90,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $590,654 |
| All other contributions, gifts, grants, and similar amounts not included above | $152,311 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $742,965 |
| Total Program Service Revenue | $1,664,717 |
| Investment income | $16,022 |
| 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 | $31,172 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,454,876 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $473,283 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $93,996 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $997,981 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,730 |
| Payroll taxes | $90,276 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,290 |
| Advertising and promotion | $87,766 |
| Office expenses | $18,680 |
| Information technology | $27,906 |
| Royalties | $0 |
| Occupancy | $28,808 |
| Travel | $516 |
| 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 | $0 |
| Insurance | $4,170 |
| All other expenses | $55,153 |
| Total functional expenses | $2,192,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $537,535 |
| Savings and temporary cash investments | $548,007 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,000 |
| Total assets | $1,093,542 |
| 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 | $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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,093,542 |
| Total liabilities and net assets/fund balances | $1,093,542 |