Maryland Soccer Foundation Inc
- Assets
- $16.3m
- Revenue
- $5.4m
- Investments
- $2.5m
- Employees
- 119
- Location
- Boyds, MD
- Founding
- 03/1999
- Data as of
- 12/2021
- EIN
- 52-2076282
Organization Overview
Maryland Soccer Foundation Inc, operating under the name Maryland Soccerplex And Adventist Healthcare Fieldhouse, is located in Boyds, MD. The organization was established in 1999. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Maryland Soccerplex And Adventist Healthcare Fieldhouse employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Soccerplex And Adventist Healthcare Fieldhouse 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 12/2021, Maryland Soccerplex And Adventist Healthcare Fieldhouse generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF SOCCER COMPLEX FOR THE USE OF AREA YOUTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A VARIETY OF SPORTS CLINICS FOR YOUTH. WE HELD FIVE DIFFERENT SESSIONS OF SOCCER CLINICS FOR YOUTHS DURING 2021.
TO PROVIDE FACILITIES FOR OUTDOOR AND INDOOR SOCCER LEAGUES AND FIELD RENTALS FOR YOUTHS AND ADULTS. ABOUT 23 DIFFERENT SOCCER CLUBS USED OUR FACILITIES FOR THEIR LEAGUES IN 2021.
TO HOLD OR PROVIDE FACILITIES FOR VARIOUS YOUTH OR ADULT TOURNAMENTS. FOURTEEN TOURNAMENT WAS HELD AT THE SOCCER PLEX DURING 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Libber Executive Director | 40 | $139,178 | |
Brent Hanson President | OfficerTrustee | 0 | $0 |
Joyce Fuhrmann Treasurer | OfficerTrustee | 0 | $0 |
Greg Willhauck Secretary | OfficerTrustee | 0 | $0 |
Amy Salomon Member | Trustee | 0 | $0 |
Jim Potter Member | Trustee | 0 | $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 | $650,419 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $650,419 |
| Total Program Service Revenue | $3,933,771 |
| Investment income | $184,397 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,041 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,924 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,386,323 |
| 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. | $139,178 |
| Compensation of current officers, directors, key employees. | $69,589 |
| Compensation to disqualified persons | $1,359,445 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $123,049 |
| Payroll taxes | $129,468 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,700 |
| Fees for services: Accounting | $24,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,975 |
| Office expenses | $42,172 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1 |
| Travel | $2,489 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,738 |
| Interest | $149,943 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $942,086 |
| Insurance | $76,621 |
| All other expenses | $681,234 |
| Total functional expenses | $4,710,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,738 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $129,751 |
| 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 | $68,411 |
| Net Land, buildings, and equipment | $11,930,909 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,549,289 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,508,945 |
| Total assets | $16,325,043 |
| Accounts payable and accrued expenses | $273,513 |
| Grants payable | $0 |
| Deferred revenue | $285,430 |
| Tax-exempt bond liabilities | $3,715,274 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,274,217 |
| Net assets without donor restrictions | $12,050,826 |
| 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 | $16,325,043 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maryland Soccer Foundation Inc has recieved totaling $236,617.
| Awarding Organization | Amount |
|---|---|
John & Maureen Hendricks Charitable Foundation Silver Spring, MD PURPOSE: TO SUPPORT THE MARYLAND SOCCERPLEX. | $236,617 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Latin American Youth Center Inc Washington, DC | $10,670,329 | $17,753,295 |
National Network To End Domestic Violence Inc Washington, DC | $5,294,679 | $6,377,066 |
Maryland Soccer Foundation Inc Boyds, MD | $16,325,043 | $5,386,323 |
Asae Research Foundation Washington, DC | $26,488,111 | $1,430,947 |
Vagabond Missions Pittsburgh, PA | $2,255,998 | $3,415,879 |
North 10 Philadelphia Wayne, PA | $20,931,088 | $2,577,182 |
Police Athletic League Of Philadelphia Philadelphia, PA | $10,939,935 | $2,944,872 |
Great Falls-Reston Soccer Club Great Falls, VA | $1,898,429 | $2,810,731 |
Leaders Of Tomorrow Youth Center Inc Owings Mills, MD | $477,801 | $1,453,303 |
Police Athlethic League Of Wilmington Inc Wilmington, DE | $4,573,617 | $2,286,989 |
Little Lights Urban Ministries Washington, DC | $2,707,367 | $1,941,038 |
City Kids To Wilderness Project Inc Washington, DC | $3,312,085 | $1,907,297 |