Miami Lakes United Soccer Club Inc
- Assets
- $17.5k
- Revenue
- $780.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Hialeah, FL
- Founding
- 05/2014
- Data as of
- 05/2024
- EIN
- 46-2870904
Organization Overview
Miami Lakes United Soccer Club Inc is located in Hialeah, FL. The organization was established in 2014. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 05/2024, Miami Lakes United Soccer Club Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miami Lakes United Soccer Club 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 05/2024, Miami Lakes United Soccer Club Inc generated $780.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $780.5k during the year ending 05/2024. While expenses have increased by 16.0% per year over the past 4 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
MLUSC IS A NONPROFIT ORGANIZATION THAT CONDUCT A YOUTH SOCCER AND SPORTS PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COACHING AND OTHER FEES INCLUDE: -COACHING ($205,597).- MLUSC OFFERS TO ITS MEMBERS AN ACADEMY AND TRAVELING COACHING PROGRAM WITH QUALIFIED AND EXPERIENCED SOCCER COACHES INCLUDE GOALKEEPING AND FITNESS SESSIONS WITH WEEKEND GAMES IN TOURNAMENTS AND LEAGUES IN FLORIDA AND OTHER STATES OF USA -OUTSIDE CONTRACT SERVICES: ($118,253) -TOURNAMENTS: ($74,415) -TAXES & LICENSES: ($122) -PAYROLL EXPENSES:($129,961)
MLUSC COMTRIBUTE AS SUCH AS POSSIBLETO NON-PROFIT ASSOCIATIONS AS BREAST CANCER AWARENCES
REGISTRATION TO AFFILIATES INCLUDE: -REGISTRATION FEES: ($24,276) -TOWN OF MIAMI LAKES FEES: ($21,000) MLUSC IS AFFILIATED TO FLORIDA YOUTH SOCCER ASSOCIATION< SOUTH FLORIDA UNITED YOUTH SOCCER ASSOCIATION WHOM ALLOW PARTICIPATE IN EVERY TOURNAMENT AROUND FLORIDA AND STATES OF USA MLUSC IS ALSO AFFILIATED TO THE TOWN OF MIAMI LAKES TAHT GIVE A HOME GROUND (ROYAL OAKS PARK) FOR TRAINING AND ACTIVITIES AS A SOCCER CLUB.
EQUIPMENT & SUPPLIES INCLUDE: -SOCCER EQUIPMENT: ($15,634) -SUPPLIES (UNIFORMS): ($81,998) THESE ARE NECESSARY FOR FULFILL OUR ACHIEVEMENTS. THE UNIFORMS AND ACCESSORIES ARE SUPPLIED BY SOCCER LOCKER (ADIDAS SPONSOR)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alvin Murray President | Trustee | 40 | $0 |
Gladys M DE La Cruz Treasurer | Trustee | 40 | $0 |
Alvaro J Franco Director Of Operations | Trustee | 30 | $0 |
Soledad Serrano Fundraising | Trustee | $0 | |
Gustavo Madrid Coach | 24 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $470,586 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,215 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $495,801 |
| Total Program Service Revenue | $279,245 |
| Investment income | $0 |
| 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 | $780,505 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,693 |
| 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. | $129,961 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $398,388 |
| Advertising and promotion | $668 |
| Office expenses | $39,609 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,042 |
| 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 | $45,276 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $780,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,496 |
| Savings and temporary cash investments | $0 |
| 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 | $17,496 |
| Accounts payable and accrued expenses | $45,834 |
| 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 | $80,578 |
| Total liabilities | $126,412 |
| 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 | -$108,916 |
| Total liabilities and net assets/fund balances | $17,496 |