Texas Lightning Youth Soccer
- Assets
- $83.5k
- Revenue
- $241.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, TX
- Founding
- 01/1995
- Data as of
- 06/2021
- EIN
- 75-2512294
Organization Overview
Texas Lightning Youth Soccer is located in Arlington, TX. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Lightning Youth Soccer 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 06/2021, Texas Lightning Youth Soccer generated $241.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.9%) each year. All expenses for the organization totaled $225.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (19.2%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPE AND PROMOTE YOUTH SOCCER SKILLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOST SOCCER TOURNAMENTS IN WHICH SOCCER TEAMS FROM AROUND THE COUNTRY, INCLUDING TEXAS LIGHTNING TEAMS, PARTICIPATE. MORE THAN 250 TEAMS WERE IN ATTENDANCE IN 2020/21 WHICH EQUATES TO APPROXIMATELY 3500 PLAYERS PARTICIPATING IN THESE TOURNAMENTS.
SPONSOR FUNDRAISING ACTIVITIES THROUGH SUCH VENUES AS GLOBE LIFE PARK IN ARLINGTON, TX. THESE ACTIVITIES PROVIDE THE OPPORTUNITY FOR FAMILY MEMBERS TO RAISE FUNDS TO HELP OFFSET THE COST OF MEMBERSHIP TO TEXAS LIGHTNING SC, LLC. THESE MEMBERSHIP PAYMENTS ARE INCLUDED IN TAXABLE INCOME FOR TEXAS LIGHTNING SC, LLC, A FOR-PROFIT LLC CHARTERED IN THE STATE OF TEXAS. PAID WORKERS REQUIRED TO MANAGE CONCESSION BOOTHS AND COORDINATE VOLUNTEERS ARE PAID FROM A PORTION OF THE PROCEEDS. THESE PAYMENTS ARE REPORTED ON 1099-NEC BY THIS ORGANIZATION AT THE END OF EACH CALENDAR YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vic Brown President | OfficerTrustee | 55 | $15,510 |
Kathy Brown Treasurer | Officer | 40 | $5,000 |
Paul Mclean VP | OfficerTrustee | 5 | $0 |
Joanne Gaudet Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,844 |
| Related organizations | $0 |
| 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 | $12,844 |
| Total Program Service Revenue | $228,678 |
| Investment income | $0 |
| 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 | $241,522 |
| 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 | $300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $45,015 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $225,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,759 |
| 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 | $29,706 |
| 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 | $83,465 |
| Accounts payable and accrued expenses | $264,594 |
| 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 | $29,707 |
| Other liabilities | $0 |
| Total liabilities | $294,301 |
| Net assets without donor restrictions | -$210,836 |
| 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 | $83,465 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Youth Soccer Frisco, TX | $19,452,930 | $14,117,669 |
Youth Soccer Club Of Montgomery County Inc The Woodlands, TX | $2,854,020 | $8,159,082 |
Lonestar Soccer Club Of Austin Inc Austin, TX | $6,567,006 | $9,177,680 |
North Texas State Soccer Association Inc Frisco, TX | $7,786,272 | $6,936,974 |
Solar Soccer Club Allen, TX | $4,207,770 | $6,444,072 |
Albion Hurricanes F C Houston, TX | $10,831,417 | $7,113,502 |
North Texas State Soccer Association Inc Frisco, TX | $4,525,418 | $3,504,588 |
Rise Soccer Club Inc Houston, TX | $3,534,829 | $3,641,755 |
South Texas Youth Soccer Association Round Rock, TX | $2,113,845 | $3,139,978 |
Baton Rouge Soccer Association Baton Rouge, LA | $3,314,600 | $3,276,905 |
Western Hills Youth Soccer Association Austin, TX | $1,981,505 | $2,960,143 |
Dfeeters Soccer Club Dallas, TX | $274,453 | $2,130,823 |