Edina Soccer Club
- Assets
- $3.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 4
- Location
- Edina, MN
- Founding
- 02/1997
- Data as of
- 12/2023
- EIN
- 41-1816178
Organization Overview
Edina Soccer Club is located in Edina, MN. 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 12/2023, Edina Soccer Club employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edina 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 12/2023, Edina Soccer Club generated $1.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 3.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF EDINA SOCCER CLUB IS TO CREATE A CULTURE WHERE PLAYERS AND TEAMS REACH THEIR HIGHEST POTENTIAL THROUGH YEAR ROUND DEVELOPMENT, TRAINING AND COMPETITION. THE EDINA SOCCER CLUB STRIVES TO LEAD MINNESOTA WITH A NEW STANDARD OF EXCELLENCE FOR COMMUNITY-BASED SOCCER THROUGH DEEPER AND BROADER INVOLVEMENT OF OUR PLAYERS AND TEAMS IN THE GLOBAL GAME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDINA SOCCER CLUB IS DEDICATED TO PROVIDING TOP-QUALITY INSTRUCTION AND EXPOSURE OF ITS PLAYERS TO THE HIGHEST LEVELS OF COMPETITION THROUGH PARTICIPATION IN DISTRICT, STATE, REGIONAL, AND NATIONAL COMPETITIONS.TOTAL PARTICIPANTS IN 2023 WERE OVER 830.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Olson President | OfficerTrustee | 1 | $0 |
Grace Song Secretary | OfficerTrustee | 1 | $0 |
Ben Thompson Treasurer | OfficerTrustee | 1 | $0 |
Greg Johnson Board Member | Trustee | 1 | $0 |
Mike Manhard Board Member | Trustee | 1 | $0 |
Kirsti Wenner Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,412 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,748 |
| Noncash contributions included in lines 1a–1f | $63,748 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,160 |
| Total Program Service Revenue | $1,671,842 |
| Investment income | $34,229 |
| 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 | $1,857,601 |
| 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. | $89,823 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,450 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $442 |
| Payroll taxes | $7,421 |
| Fees for services: Management | $93,082 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,337 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $650,681 |
| Advertising and promotion | $0 |
| Office expenses | $2,500 |
| Information technology | $780 |
| Royalties | $0 |
| Occupancy | $319,104 |
| 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 | $17,804 |
| All other expenses | $14,184 |
| Total functional expenses | $1,628,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,602 |
| Savings and temporary cash investments | $1,055,388 |
| Pledges and grants receivable | $65,412 |
| Accounts receivable, net | $19,788 |
| 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 | $7,605 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,289,117 |
| Total assets | $3,712,912 |
| Accounts payable and accrued expenses | $81,935 |
| Grants payable | $0 |
| Deferred revenue | $396,879 |
| 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 | $2,282,883 |
| Total liabilities | $2,761,697 |
| Net assets without donor restrictions | $951,215 |
| 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 | $3,712,912 |