Palatine Celtic Soccer Club
- Assets
- $1.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 13
- Location
- Palatine, IL
- Founding
- 05/1997
- Data as of
- 12/2021
- EIN
- 36-4127096
Organization Overview
Palatine Celtic Soccer Club is located in Palatine, IL. The organization was established in 1997. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Palatine Celtic Soccer Club employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palatine Celtic Soccer Club 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, Palatine Celtic Soccer Club generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $978.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OVERSEES THE YOUTH SOCCER PROGRAM FOR THE PALATINE PARK DISTRICT, WHICH CONSISTS OF 125 HOUSE TEAMS AND 35 TRAVEL TEAMS THAT ARE TRAINED ON SKILL DEVELOPMENT, GAME STRATEGY, AND COMPETITIVE PLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOLUNTEER YOUTH SOCCER PROGRAM AFFILIATED WITH THE PALATINE PARK DISTRICT SERVING APPROXIMATELY 1,400 AREA YOUTH AGES 8-17
GRANTS TO PALATINE PARK DISTRICT TO SUPPORT CAPITAL IMPROVEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Costabile Treasurer | OfficerTrustee | 5 | $0 |
Dave Tofilon President | OfficerTrustee | 5 | $0 |
Joe Pietrini Vice President | OfficerTrustee | 0 | $0 |
Rebecca Zach Secretary | OfficerTrustee | 0 | $0 |
Brian Ratajczak Vice President | OfficerTrustee | 5 | $0 |
Carsten Gruettner Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,055 |
| All other contributions, gifts, grants, and similar amounts not included above | $86 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,141 |
| Total Program Service Revenue | $973,556 |
| Investment income | $506 |
| 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 | $1,016,203 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $105,000 |
| 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 | $223,296 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,020 |
| Office expenses | $0 |
| 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 | $3,490 |
| Insurance | $12,019 |
| All other expenses | $292,583 |
| Total functional expenses | $978,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,696 |
| Savings and temporary cash investments | $594,269 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $113,612 |
| 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 | $126,008 |
| Net Land, buildings, and equipment | $12,154 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $198,436 |
| Total assets | $1,200,175 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $257,282 |
| 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 | $303,435 |
| Total liabilities | $560,717 |
| Net assets without donor restrictions | $639,458 |
| 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 | $1,200,175 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Louis Scott Gallagher Foundation Fenton, MO | $6,377,581 | $8,959,204 |
Westfield Youth Soccer Association Inc Westfield, IN | $2,587,107 | $4,763,711 |
St Louis Youth Soccer Association St Louis, MO | $4,226,499 | $2,965,176 |
United States Senior Soccer Division Inc Bridgeview, IL | $4,213,384 | $3,420,004 |
Kc Select Soccer Club Inc Lees Summit, MO | $1,292,949 | $3,186,374 |
Elmbrook United Inc Brookfield, WI | $2,087,528 | $2,637,814 |
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 |
Avalon Football Club Ofallon, MO | $919,061 | $2,095,035 |
Bavarian United Soccer Club Inc Milwaukee, WI | $2,758,196 | $2,276,734 |
Fc Pride Inc Indianapolis, IN | $2,673,957 | $1,917,044 |