Kirkwood Soccer Club Inc
- Assets
- $591.0k
- Revenue
- $462.3k
- Investments
- $0.0
- Employees
- 12
- Location
- New Castle, DE
- Founding
- 12/1981
- Data as of
- 12/2022
- EIN
- 51-0215176
Organization Overview
Kirkwood Soccer Club Inc is located in New Castle, DE. The organization was established in 1981. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Kirkwood Soccer Club Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kirkwood 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 12/2022, Kirkwood Soccer Club Inc generated $462.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $515.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE KIRKWOOD SOCCER CLUB EXISTS TO PROMOTE THE DEVELOPMENT OF YOUTH IN OUR COMMUNITY THROUGH PARTICIPATION IN VARIETY OF ATHLETIC PROGRAMS. OUR GOAL IS TO PROVIDE ACTIVITIES THAT OFFER RECREATIONAL, SOCIAL AND PHYSICAL DEVELOPMENT FOR CHILDREN OF ALL SKILL LEVELS. WE ARE COMMITTED TO PROVIDING PARTICIPANTS WITH THE OPPORTUNITY TO DEVELOP ATHLETICALLY AND PERSONALLY IN A POSITIVE, SUPPORTIVE, AND SAFE ENVIRONMENT. THE KIRKWOOD SOCCER CLUB ENCOURAGES AND PROMOTES ETHICAL AND MORAL BEHAVIOR, GOOD SPORTSMANSHIP,COMMUNITY INVOLVEMENT AND GOOD CITIZENSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIRKWOOD SOCCER CLUB RUNS FIELD HOCKEY DEVELOPMENT PROGRAMS IN FALL, SPRING AND SUMMER, FOUNDATIONS YEAR ROUND, RECREATION IN FALL AND SPRING YOUTH DEVELOPMENT PROGRAMS FOR DEVELOPMENT OF YOUTH IN ATHLETIC PARTICIPATION
KSC HOSTS RECREATIONAL FALL AND WINTER INDOOR (NAMELY HIGH SCHOOL WINTER, WINTER I AND II) AND VARIOUS SUMMER OUTDOOR LEAGUES AS WELL.
KSC OFFERED FIELD HOCKEY AND SOCCER SUMMER CAMPS FOR PLAYERS BETWEEN AGES 7-15
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kumar Virani Treasurer | OfficerTrustee | 5 | $0 |
Laura Lee Secretary | OfficerTrustee | 5 | $0 |
Andrew Saxton President | OfficerTrustee | 5 | $0 |
Kamala Sutor Director At Large | Trustee | 5 | $0 |
Mike Federico Vice-President | OfficerTrustee | 5 | $0 |
Jen Zuk Director At Large | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,655 |
| Related organizations | $0 |
| Government grants | $100 |
| All other contributions, gifts, grants, and similar amounts not included above | $625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,380 |
| Total Program Service Revenue | $459,915 |
| 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 | $462,295 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $550 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,594 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,940 |
| Pension plan accruals and contributions | $812 |
| Other employee benefits | $16,473 |
| Payroll taxes | $8,070 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,743 |
| Office expenses | $15,797 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,157 |
| Travel | $3,090 |
| 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 | $32,157 |
| Insurance | $18,710 |
| All other expenses | $61,452 |
| Total functional expenses | $515,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,406 |
| 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 | $10,962 |
| Net Land, buildings, and equipment | $521,588 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $590,956 |
| Accounts payable and accrued expenses | $5,021 |
| Grants payable | $0 |
| Deferred revenue | $16,212 |
| 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 | $114,791 |
| Other liabilities | $165 |
| Total liabilities | $136,189 |
| Net assets without donor restrictions | $454,767 |
| 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 | $590,956 |