Tsc Foundation
- Assets
- $317.8k
- Revenue
- $230.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Lake Geneva, WI
- Founding
- 01/1985
- Data as of
- 06/2022
- EIN
- 36-3312847
Organization Overview
Tsc Foundation is located in Lake Geneva, WI. The organization was established in 1985. 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. Tsc Foundation 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 06/2022, Tsc Foundation generated $230.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (29.0%) each year. All expenses for the organization totaled $53.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (41.4%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TSC FOUNDATION HELPS CHILDREN WITH SPECIAL PHYSICAL AND MENTAL NEEDS AS WELL AS CHILDREN WITH FINANCIAL NEED, TO PROVIDE THEM WITH ACCESS TO SPORTS ACTIVITIES IN A SAFE, FUN, AND ENCOURAGING ATMOSPHERE, PROMOTING FRINDSHIP AND COMPASSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TSC FOUNDATION HELPS CHILDREN WITH SPECIAL PHYSICAL AND MENTAL NEEDS AS WELL AS CHILDREN WITH FINANCIAL NEED, TO PROVIDE THEM WITH ACCESS TO SPORTS ACTIVITIES IN A SAFE, FUN, AND ENCOURAGING ATMOSPHERE, PROMOTING FRINDSHIP AND COMPASSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Rigby President | OfficerTrustee | 2 | $17,820 |
Steve Snower Director | OfficerTrustee | 2 | $0 |
Randy Harmer Director | Trustee | 0 | $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 | $230,289 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $230,289 |
| Total Program Service Revenue | $0 |
| Investment income | $70 |
| 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 | $230,359 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,500 |
| 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. | $20,030 |
| Compensation of current officers, directors, key employees. | $20,030 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,806 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,167 |
| Fees for services: Accounting | $3,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $162 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $1,323 |
| All other expenses | $0 |
| Total functional expenses | $53,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,473 |
| Savings and temporary cash investments | $298,354 |
| 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 | $0 |
| Total assets | $317,827 |
| Accounts payable and accrued expenses | $715 |
| 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 | $715 |
| Net assets without donor restrictions | $317,112 |
| 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 | $317,827 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tsc Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: General Support | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tga Usa Minneapolis, MN | $875,647 | $3,712,520 |
Rev Soccer Club Eagan, MN | $1,013,337 | $3,718,465 |
Plymouth Wayzata Fusion Soccer Club Plymouth, MN | $2,685,722 | $3,801,367 |
United States Senior Soccer Division Inc Bridgeview, IL | $4,213,384 | $3,420,004 |
Sporting St Croix Soccer Club Inc Oak Park Heights, MN | $1,056,078 | $2,599,201 |
Grand Valley Premier Soccer Club Kentwood, MI | $3,029,015 | $3,061,144 |
Elmbrook United Inc Brookfield, WI | $2,087,528 | $2,637,814 |
Michigan Wolves-Hawks Soccer Club Livonia, MI | $2,164,213 | $2,684,683 |
Galaxy Soccer Club Naperville, IL | $1,060,372 | $2,271,460 |
Wisconsin Juniors Volleyball Club Inc Salem, WI | $545,041 | $2,203,549 |
Illinois Youth Soccer Assocn Inc Arlington Heights, IL | $5,708,000 | $2,009,135 |
Michigan State Youth Soccer Assn Plymouth, MI | $4,453,943 | $2,350,945 |