Georgia Soccer Development Foundation Inc
- Assets
- $5.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 04/1997
- Data as of
- 12/2021
- EIN
- 58-2277743
Organization Overview
Georgia Soccer Development Foundation Inc, operating under the name Georgia Soccer Park, is located in Atlanta, GA. The organization was established in 1997. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Soccer Park 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, Georgia Soccer Park generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $491.4k during the year ending 12/2021. While expenses have increased by 7.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GEORGIA SOCCER DEVELOPMENT FOUNDATION'S MISSION IS TO PROMOTE HEALTHY HABITS BY FACILITATING A VARIETY OF SPORTS PROGRAMS FOR THE LOCAL COMMUNITY, PROVIDE A FAMILY-FRIENDLY AND SAFE LOCATION FOR SPORTS PROGRAMS, CONTRIBUTE TO THE PERSONAL DEVELOPMENT OF YOUTH AND ADULTS IN THE LOCAL COMMUNITY THROUGH THE EXPERIENCES AND LEASSONS LEARNED THROUGH SPORTS, CREATE OPPORTUNITY AND SUPPORT FOR LOCAL PROGRAMS BY DONATING FIELD AND CLASSROOM SPACE FOR THEIR USE, GENERATE A POSITIVE ECONOMIC IMPACT IN THE COMMUNITY BY PROVIDING JOBS WHEN EVENTS ARE HOSTED AT GSP, AND SERVE AS A MODEL FOR OTHER SPORTS PARKS WANTING TO OPERATE AND MAINTAIN HIGH QUALITY SPORTS FIELDS IN A SUSTAINABLE FASHION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION FOCUSES ON THE DEVELOPMENT, MAINTENANCE, AND OFFERING OF FIELD SPACE, BY PROVIDING A WORLD-CLASS FACILITY FOR YOUTH AND ADULT USAGE IN THE COMMUNITY. THE GEORGIA SOCCER PARK ACTS AS A SPORTS HUB FOR THE HUNDREDS OF THOUSANDS OF CHILDREN AND ADULTS IN GEORGIA WHO NEED A PLACE TO PLAY THEIR SPORTS, SIMULTANEOUSLY REACHING OUT TO THE LOCAL COMMUNITY, BY IMPROVING THE ECONOMY IN A HISTORICALLY DISADVANTAGED AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Gaultney Vice Chair | OfficerTrustee | 1 | $0 |
Larry Lord Chair | OfficerTrustee | 1 | $0 |
Adam Fuller Secretary/treasurer | OfficerTrustee | 1 | $0 |
Boris Jerkunica Board Member | Trustee | 1 | $0 |
H John Elliot Board Member | Trustee | 1 | $0 |
Aileen Thomas Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $845,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $845,000 |
| Total Program Service Revenue | $165,600 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $113,060 |
| 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 | $1,123,660 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $126,790 |
| Advertising and promotion | $1,646 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,771 |
| Travel | $0 |
| 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 | $218,645 |
| Insurance | $24,630 |
| All other expenses | $0 |
| Total functional expenses | $491,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,202 |
| 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 | $5,564,122 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,580,324 |
| Accounts payable and accrued expenses | $8,690 |
| 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 | $8,690 |
| 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 | $5,571,634 |
| Total liabilities and net assets/fund balances | $5,580,324 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Georgia Soccer Development Foundation Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Annie E Casey Foundation Baltimore, MD PURPOSE: PROVIDE GENERAL OPERATING SUPPORT | $50,000 |
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 |
Nasa Tophat Inc Kennesaw, GA | $5,043,211 | $7,270,572 |
Cobb Futbol Club Marietta, GA | $5,753,138 | $5,185,277 |
Florida Elite Soccer Academy Inc Jacksonville, FL | $2,181,767 | $4,642,169 |
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 |
Tampa Bay United Inc Tampa, FL | $1,335,392 | $3,965,447 |
Florida Youth Soccer Association Inc Auburndale, FL | $7,123,714 | $3,803,407 |
Wake Futbol Club Inc Holly Springs, NC | $246,258 | $3,274,607 |