Carolina Rapids Soccer Club
- Assets
- $0.0
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 22
- Location
- Cornelius, NC
- Founding
- 06/1992
- Data as of
- 12/2019
- EIN
- 61-1556757
Organization Overview
Carolina Rapids Soccer Club is located in Cornelius, NC. The organization was established in 1992. 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, Carolina Rapids Soccer Club employed 22 individuals. Carolina Rapids 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, Carolina Rapids Soccer Club generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $2.2m during the year ending 12/2019. While expenses have increased by 4.4% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
FORM 990 - ORGANIZATION'S MISSIONTO PROVIDE MEMBERS OF OUR COMMUNITY THE OPPORTUNITY TO PARTICIPATE IN, SUPPORT AND ENJOY THE SPORT OF SOCCER THROUGH AN OFFERING OF QUALITY PROGRAMS THAT REFECT OUR CORE VALUES, TEACH LIFE LESSONS AND ARE OPEN TO ALL AGES AND ABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION FORMED A TOTAL OF 436 RECREATIONAL AND COMPETITIVE SOCCER TEAMS FOR APPROXIMATELY 3400 YOUTH AND ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Finlay Executive Director | 50 | $154,095 | |
Bobby Von Bremen Director | Officer | 3 | $0 |
Eric Davis Treasurer | Officer | 3 | $0 |
Rachelle Pacholski Secretary | Officer | 3 | $0 |
George Bell Director | Trustee | 3 | $0 |
Jeremy Speicher Director | Trustee | 3 | $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 | $22,045 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,045 |
| Total Program Service Revenue | $2,915,981 |
| Investment income | $189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$138,163 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$7,008 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,793,044 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $64,885 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,562 |
| Compensation of current officers, directors, key employees. | $66,337 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $655,677 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,633 |
| Payroll taxes | $54,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,407 |
| Office expenses | $26,923 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,849 |
| Travel | $6,349 |
| 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 | $0 |
| Insurance | $43,047 |
| All other expenses | $0 |
| Total functional expenses | $2,157,778 |
| 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 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carolina Rapids Soccer Club has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Presbyterian Hospital Winston Salem, NC PURPOSE: COMMUNITY OUTREACH | $15,000 |
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 |
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 |