Magic City Soccer Club Inc
- Assets
- $298.6k
- Revenue
- $729.9k
- Investments
- $0.0
- Employees
- 64
- Location
- Billings, MT
- Founding
- 07/1984
- Data as of
- 12/2021
- EIN
- 81-0414547
Organization Overview
Magic City Soccer Club Inc, operating under the name Billings United Soccer Club, is located in Billings, MT. The organization was established in 1984. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Billings United Soccer Club employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Billings United 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 12/2021, Billings United Soccer Club generated $729.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $589.8k during the year ending 12/2021. While expenses have increased by 9.5% 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
BILLINGS UNITED SOCCER CLUB EXISTS TO PROMOTE THE SPORT OF SOCCER IN BILLINGS AND MONTANA, BY PROVIDING PROGRAMMING AND LEAGUE PLAY FOR INDIVIDUALS OF ALL ABILITIES AND LEVELS OF COMMITMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMPETITIVE PROGRAM IS THE FLAGSHIP PROGRAM WHICH OFFERS BOTH FALL & SPRING COMPETITIVE SOCCER FOR CHILDREN. THIS IS EASILY OUR LARGEST & MOST SUCCESSFUL PROGRAM WHICH RECENTLY RECEIVED STATE & REGIONAL SUCCESS. THESE TEAMS WILL RECEIVE REGULAR & PLANNED COACHING FROM BILLINGS UNITED COACHES & TRAVEL THROUGHOUT MONTANA & BEYOND TO COMPETE AGAINST THE BEST THERE IS TO CHALLENGE THESE ASPIRING ATHLETES & TO GIVE THEM A GREAT FUN EXPERIENCE WHILE BEING PART OF OUR INCLUSIVE & SUPPORTIVE BILLINGS UNITED COMMUNITY.
MAGIC CITY CLASSIC SOCCER TOURNAMENT- MAGIC CITY SOCCER CLUB HOSTS AND ORGANIZES THE STOCKMAN BANK MAGIC CITY CLASSIC SOCCER TOURNAMENT FOR YOUTH SOCCER PLAYERS AGES 8-15.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nate Tracy Board Chair | Officer | 5 | $0 |
Stephanie Lehnen Treasurer | Officer | 5 | $0 |
Shane Shledon Secretary | Officer | 5 | $0 |
Lisa Maynard Vice Chair | Officer | 5 | $0 |
Dave Milroy Member At Large | Trustee | 2 | $0 |
Jim Schauber Member At Large | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,826 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $132,276 |
| Total Program Service Revenue | $597,489 |
| Investment income | $88 |
| 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 | $729,853 |
| 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 | $201,416 |
| Pension plan accruals and contributions | $3,126 |
| Other employee benefits | $0 |
| Payroll taxes | $19,837 |
| Fees for services: Management | $14,804 |
| Fees for services: Legal | $1,826 |
| 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 | $100,486 |
| Advertising and promotion | $1,414 |
| Office expenses | $3,434 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $100,217 |
| Travel | $72,298 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,826 |
| All other expenses | $0 |
| Total functional expenses | $589,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,716 |
| Savings and temporary cash investments | $136,895 |
| 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 | $298,611 |
| Accounts payable and accrued expenses | $5,328 |
| 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 | $5,328 |
| Net assets without donor restrictions | $293,283 |
| 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 | $298,611 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Magic City Soccer Club Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dakota Alliance Soccer Club Sioux Falls, SD | $2,081,112 | $1,582,920 |
Boise Timbers Thorns Soccer Club Inc Meridian, ID | $1,982,456 | $1,912,183 |
Montana Youth Soccer Association Butte, MT | $745,579 | $998,604 |
Capitol Youth Sports Association In C Boise, ID | $1,848,366 | $1,278,916 |
Johnson County Ymca Buffalo, WY | $1,741,805 | $918,880 |
Idaho Youth Soccer Association Inc Meridian, ID | $233,230 | $944,185 |
Sting Premier Soccer Club Inc Hayden, ID | $2,271,890 | $907,568 |
Black Hills Soccer Federation Inc Rapid City, SD | $2,197,289 | $866,669 |
Magic City Soccer Club Inc Billings, MT | $298,611 | $729,853 |
Jackson Hole Youth Soccer Jackson, WY | $552,431 | $632,777 |
Missoula Strikers Soccer Missoula, MT | $91,114 | $484,187 |
Casper Soccer Club Inc Casper, WY | $285,606 | $457,572 |