Virgina Beach Travel Soccer Inc
- Assets
- $4.4m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 10
- Location
- Virginia Beach, VA
- Founding
- 02/1991
- Data as of
- 06/2022
- EIN
- 54-1523587
Organization Overview
Virgina Beach Travel Soccer Inc is located in Virginia Beach, VA. The organization was established in 1991. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Virgina Beach Travel Soccer Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virgina Beach Travel Soccer 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 06/2022, Virgina Beach Travel Soccer Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 5.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATION AND OPPORTUNITIES FOR HEALTH AND PHYSICAL FITNESS BY THE DEVELOPMENT AND ORGANIZATION OF YOUTH SOCCER TEAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE COACHING SERVICES FOR 4000 YOUTHS AGES 4 THROUGH 19 TO TRAIN AND EDUCATE PLAYERS
PROVIDE FIELDS AND SOCCER LEAGUES FOR THE EDUCATION AND TRAINING EXPERIENCE OF PLAYERS.
FINANCIAL AID TO PLAYERS AND COLLEGE SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Albiston President | OfficerTrustee | 7 | $0 |
Kevin Larkin Treasurer | OfficerTrustee | 7 | $0 |
Paul Smith Board Member | Trustee | 3 | $0 |
Sarah Tromly Board Member | Trustee | 3 | $0 |
Michael Wagner Board Member | Trustee | 5 | $0 |
Josh Haggerty Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,282,281 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $101,565 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,383,846 |
| Total Program Service Revenue | $488,344 |
| Investment income | $900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $146,719 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,019,809 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $21,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $469,606 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $38,901 |
| Fees for services: Management | $786,816 |
| Fees for services: Legal | $2,525 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,273 |
| Office expenses | $102,932 |
| Information technology | $37,232 |
| Royalties | $0 |
| Occupancy | $420,230 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,710 |
| Interest | $67,577 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $91,998 |
| All other expenses | $523,576 |
| Total functional expenses | $2,592,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,521,320 |
| 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 | $2,842,555 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,363,875 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,328,651 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,947 |
| Total liabilities | $1,336,598 |
| 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 | $3,027,277 |
| Total liabilities and net assets/fund balances | $4,363,875 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Virgina Beach Travel Soccer Inc has recieved totaling $55.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $55 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Area Soccer League Inc Raleigh, NC | $15,967,738 | $13,846,448 |
Nc Triad Fusion Inc Bermuda Run, NC | $14,278,028 | $8,923,871 |
Carolinas Football Club Cornelius, NC | $1,803,647 | $7,874,250 |
Charlotte Soccer Academy Pineville, NC | $10,553,353 | $8,684,226 |
Richmond Strikers Soccer Club Inc Glen Allen, VA | $6,484,910 | $7,892,282 |
Soccer Association Ofcolumbia Inc Ellicott City, MD | $14,674,993 | $7,834,264 |
Loudoun Youth Soccer Association Leesburg, VA | $8,456,614 | $7,397,666 |
Arlington Soccer Association Inc Arlington, VA | $7,101,878 | $5,587,943 |
Bethesda Soccer Club Inc Bethesda, MD | $4,179,616 | $5,404,213 |
Alexandria Soccer Association Inc Alexandria, VA | $6,235,592 | $5,465,888 |
Mclean Youth Soccer Association Mclean, VA | $5,370,250 | $4,066,395 |
Elite Clubs National League Inc Henrico, VA | $951,283 | $2,862,570 |