Racine Area Soccer Association Inc
- Assets
- $1.0m
- Revenue
- $677.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Franksville, WI
- Founding
- 04/1979
- Data as of
- 12/2020
- EIN
- 39-1316634
Organization Overview
Racine Area Soccer Association Inc is located in Franksville, WI. The organization was established in 1979. 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. Racine Area Soccer Association Inc 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, Racine Area Soccer Association Inc generated $677.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $755.9k during the year ending 12/2020. 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
RACINE AREA SOCCER ASSOCATION, INC. HAS EDUCATED CHILDREN IN THE SPORT OF SOCCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE CHILDREN IN SOCCER SKILLS AND TECHNIQUES WHILE HAVING FUN, RECREATION AND COMPETITION IN THE PROMOTION OF SPORTMANSHIP AND FELLOWSHIP.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Naison Nyamatutu Vice Preside | OfficerTrustee | 2 | $0 |
Chris Reget Treasurer | OfficerTrustee | 1 | $0 |
Nicholas Wentorf President | OfficerTrustee | 2 | $0 |
Mike Jaworski Board Member | Trustee | 1 | $0 |
Matt Koker Board Member | Trustee | 1 | $0 |
Ben Lake Board Member | Trustee | 1 | $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 | $6,337 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,337 |
| Total Program Service Revenue | $525,606 |
| Investment income | $286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,536 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $677,889 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $65,077 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $143,294 |
| Advertising and promotion | $1,103 |
| Office expenses | $3,569 |
| 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 | $40,925 |
| Insurance | $10,100 |
| All other expenses | $122,013 |
| Total functional expenses | $755,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,139 |
| Savings and temporary cash investments | $218,119 |
| 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 | $2,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $477,370 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $166,667 |
| Other assets | $895 |
| Total assets | $1,041,190 |
| Accounts payable and accrued expenses | $99,099 |
| 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 | $99,099 |
| 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 | $942,091 |
| Total liabilities and net assets/fund balances | $1,041,190 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Racine Area Soccer Association Inc has recieved totaling $52.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $52 |
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 |