Plymouth Wayzata Fusion Soccer Club
- Assets
- $2.7m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 114
- Location
- Plymouth, MN
- Founding
- 11/2000
- Data as of
- 07/2022
- EIN
- 41-1716050
Organization Overview
Plymouth Wayzata Fusion Soccer Club is located in Plymouth, MN. The organization was established in 2000. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. As of 07/2022, Plymouth Wayzata Fusion Soccer Club employed 114 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plymouth Wayzata Fusion 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 07/2022, Plymouth Wayzata Fusion Soccer Club generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $3.3m during the year ending 07/2022. While expenses have increased by 7.8% 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
YOUTH SOCCER & VOLLEYBALL EDUCATION PROGRAMS SERVING THE TWIN CITIES WEST METRO AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLYMOUTH WAYZATA FUSION SOCCER CLUB HAS RECREATIONAL AND COMPETITIVE VOLLEYBALL PROGRAMS FOR GIRLS 5TH GRADE THROUGH 8TH GRADE AND SOCCER PROGRAMS FOR PLAYERS AT ANY LEVEL - BEGINNER, RECREATION, DEVELOPMENT, COMPETITIVE OR PREMIER, SERVING YOUTH FROM PRE-KINDERGARTEN TO AGE 21, WITH A HIGHLY QUALIFIED AND EXPERIENCED COACHING STAFF AND EXCELLENT TRAINING FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leigh Larson Executive Director | Officer | 40 | $146,975 |
Lawrence Tsoi Technical Director | Officer | 40 | $82,327 |
Chad Morse Dir-Coaching & Player Development | Officer | 40 | $81,825 |
Behrang Khavanin Dir-Coaching & Player Development | Officer | 40 | $71,700 |
Brian Parham President | OfficerTrustee | 4 | $0 |
Reuben Mjaanes Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $280,303 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,901 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $313,204 |
| Total Program Service Revenue | $3,473,115 |
| Investment income | $15,048 |
| 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 | $3,801,367 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $35,548 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $395,493 |
| Compensation of current officers, directors, key employees. | $150,939 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,124,310 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $119,951 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,022 |
| Fees for services: Accounting | $2,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,932 |
| Fees for services: Other | $14,818 |
| Advertising and promotion | $15,125 |
| Office expenses | $111,443 |
| Information technology | $28,038 |
| Royalties | $0 |
| Occupancy | $50,520 |
| Travel | $6,061 |
| 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 | $25,563 |
| All other expenses | $106,764 |
| Total functional expenses | $3,347,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,065 |
| Savings and temporary cash investments | $651,905 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $529,063 |
| 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 | $37,130 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,375,559 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,685,722 |
| Accounts payable and accrued expenses | $183,034 |
| Grants payable | $0 |
| Deferred revenue | $419,874 |
| 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 | $74,915 |
| Total liabilities | $677,823 |
| Net assets without donor restrictions | $2,007,899 |
| 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 | $2,685,722 |
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 |
Sporting St Croix Soccer Club Inc Oak Park Heights, MN | $1,056,078 | $2,599,201 |
Elmbrook United Inc Brookfield, WI | $2,087,528 | $2,637,814 |
Wisconsin Juniors Volleyball Club Inc Salem, WI | $545,041 | $2,203,549 |
Minneapolis United Soccer For The City St Paul, MN | $1,417,343 | $1,851,555 |
Minnesota Thunder Academy Minneapolis, MN | $1,013,542 | $2,099,169 |
Bavarian United Soccer Club Inc Milwaukee, WI | $2,758,196 | $2,276,734 |
Tonka United Soccer Association Inc Wayzata, MN | $2,164,345 | $1,892,101 |
Dakota Alliance Soccer Club Sioux Falls, SD | $2,081,112 | $1,582,920 |
Wisconsin Youth Soccer Association Inc West Allis, WI | $1,527,673 | $2,091,673 |