Lake Norman Soccer Club is located in Cornelius, NC. The organization was established in 1995. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. As of 12/2019, Lake Norman Soccer Club employed 18 individuals. Lake Norman Soccer Club 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 12/2019, Lake Norman Soccer Club generated $799.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $698.5k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (13.1%) per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO STRIVE TO CREATE A BALANCED AND COMPREHENSIVE EXPERIENCE THROUGH A COMPETITIVE SOCCER ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACH THE GAME OF SOCCER, SPONSOR YOUTH TEAMS IN THE NC YOUTH SOCCER ASSOCIATION LEAGUE, SPONSOR TOURNAMENTS & PROVIDE CLINICS FOR COACHES & REFEREES.
TEACH THE GAME OF SOCCER, SPONSOR YOUTH TEAMS IN THE NC YOUTH SOCCER ASSOCIATION LEAGUE, SPONSOR TOURNAMENTS & PROVIDE CLINICS FOR COACHES & REFEREES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Leslie Gerwitz Director/fin | Officer | 40 | $48,708 |
Aimee Downing Secretary | OfficerTrustee | 2 | $0 |
Scot Mann President | OfficerTrustee | 2 | $0 |
Dusty Muckenthaler Treasurer | OfficerTrustee | 2 | $0 |
Trasha Schwendener Vice Preside | OfficerTrustee | 2 | $0 |
Brian Bloom Director | Trustee | 1 | $0 |
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 | $1,784 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,784 |
Total Program Service Revenue | $795,150 |
Investment income | $474 |
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 | $799,336 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $26,935 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $48,708 |
Compensation of current officers, directors, key employees. | $48,708 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $408,672 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $18,419 |
Payroll taxes | $35,333 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,400 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,459 |
Advertising and promotion | $391 |
Office expenses | $541 |
Information technology | $459 |
Royalties | $0 |
Occupancy | $11,871 |
Travel | $4,257 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $127 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $9,000 |
Insurance | $9,249 |
All other expenses | $24,291 |
Total functional expenses | $698,483 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
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 | $0 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
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 | $0 |
Total liabilities and net assets/fund balances | $0 |
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 |
Loudoun Youth Soccer Association Leesburg, VA | $8,456,614 | $7,397,666 |
Nasa Tophat Inc Kennesaw, GA | $5,043,211 | $7,270,572 |
Arlington Soccer Association Inc Arlington, VA | $7,101,878 | $5,587,943 |
Cobb Futbol Club Marietta, GA | $5,753,138 | $5,185,277 |
Alexandria Soccer Association Inc Alexandria, VA | $6,235,592 | $5,465,888 |
United Futbol Academy Inc Cumming, GA | $562,305 | $4,953,862 |
Atlanta Concorde Fire Soccer Association Inc Atlanta, GA | $1,822,580 | $4,589,073 |