Soccer Association Ofcolumbia Inc
- Assets
- $14.7m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 124
- Location
- Ellicott City, MD
- Founding
- 11/1979
- Data as of
- 08/2022
- EIN
- 52-1125437
Organization Overview
Soccer Association Ofcolumbia Inc is located in Ellicott City, MD. 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. As of 08/2022, Soccer Association Ofcolumbia Inc employed 124 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soccer Association Ofcolumbia 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 08/2022, Soccer Association Ofcolumbia Inc generated $7.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $7.2m during the year ending 08/2022. While expenses have increased by 3.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHILDREN FROM 4-18 WITH BOTH INSTRUCTIONAL & COMPETITIVE YOUTH SOCCER OPPORTUNITIES THAT WILL BUILD CHARACTER, ENHANCE COMMUNITY, & PROMOTE AN APPRECIATION OF SOCCER.
Describe the Organization's Program Activity:
JUNIOR ACADEMY/RECREATIONAL/PLAYER DEVELOPMENT PROGRAMS: THE ORGANIZATION PROVIDES TRAINING TO BOTH SOCCER COACHES AND SOCCER PLAYERS IN THE CLUB AND CONDUCTS TWO 8 WEEK IN-HOUSE LEAGUE SEASONS WHEREIN TEAMS WITHIN THE CLUB COMPETE AGAINST ONE ANOTHER. ADDITIONAL TRAINING PROGRAMS AND CAMPS ARE ALSO OFFERED THROUGHOUT THE SOCCER SEASONS AND IN SUMMER. APPROXIMATELY 7,704 BOYS AND GIRLS PARTICIPATE IN THESE PROGRAMS.
TRAVEL/ACADEMY/PRE-ACADEMY PROGRAMS: THE ORGANIZATION PROVIDES TRAINING TO BOTH SOCCER COACHES AND SOCCER PLAYERS IN THESE PROGRAMS. THERE ARE APPROXIMATELY 96 TEAMS CONSISTING OF APPROXIMATELY 1,586 PLAYERS BENEFITTING FROM THIS PROGRAM. THESE TEAMS PLAY IN LEAGUES IN THE NORTH-EAST AND MID-ATLANTIC REGIONS AS WELL AS IN TOURNAMENTS BOTH LOCALLY AND NATIONALLY. THE ORGANIZATION HOSTS TOURNAMENTS AND LEAGUES THROUGHOUT THE YEAR FOR THE TRAVEL PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mathew Whelan Senior Vice President | OfficerTrustee | 5 | $0 |
Lynn Canterbury Executive Administrator | OfficerTrustee | 5 | $0 |
Frank Turney Vice President - Travel | Trustee | 5 | $0 |
Wilma Moran-Wylie Vice President - Recreatio | Trustee | 5 | $0 |
Robert Grandfield President | OfficerTrustee | 5 | $0 |
Paul Capodanno Vice President - Membershi | Trustee | 5 | $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 | $462,705 |
| Noncash contributions included in lines 1a–1f | $222,750 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $462,705 |
| Total Program Service Revenue | $6,799,046 |
| Investment income | $23,301 |
| 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 | $7,834,264 |
| 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. | $403,570 |
| Compensation of current officers, directors, key employees. | $39,058 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $247,437 |
| Pension plan accruals and contributions | $15,933 |
| Other employee benefits | $32,362 |
| Payroll taxes | $59,485 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,721 |
| Office expenses | $3,265 |
| 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 | $204,750 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $493,707 |
| Insurance | $0 |
| All other expenses | $627,859 |
| Total functional expenses | $7,171,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,748,695 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,757 |
| 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 | $240,859 |
| Net Land, buildings, and equipment | $5,348,020 |
| Investments—publicly traded securities | $318,662 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,674,993 |
| Accounts payable and accrued expenses | $79,923 |
| Grants payable | $0 |
| Deferred revenue | $2,686,318 |
| Tax-exempt bond liabilities | $3,529,274 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,099,822 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$118,711 |
| Total liabilities | $7,276,626 |
| Net assets without donor restrictions | $7,396,773 |
| Net assets with donor restrictions | $1,594 |
| 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 | $14,674,993 |