Foundation Sports Club Inc
- Assets
- $23.1k
- Revenue
- $52.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Canton, CT
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-1436690
Organization Overview
Foundation Sports Club Inc is located in Canton, CT. The organization was established in 2019. 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. Foundation Sports Club Inc 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, Foundation Sports Club Inc generated $52.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.9% each year . All expenses for the organization totaled $59.0k during the year ending 12/2021. While expenses have increased by 40.3% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING & DEVELOPMENT FOR YOUTH SOCCER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Mcdonald President | 0 | $0 | |
Chris Weller Vice President | 0 | $0 | |
Gianni Perugini Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $52,761 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,761 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $24 |
| Printing and publications | $0 |
| Other expenses | $17,779 |
| Total operating and administrative expenses | $59,046 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $59,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,163 |
| Savings and temporary cash investments | $1,970 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,133 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New England Futbol Club Inc Mendon, MA | $10,365,419 | $7,903,438 |
F C Stars Inc Acton, MA | $11,888,113 | $7,757,610 |
Fc Greater Boston Bolts Inc Framingham, MA | $1,933,967 | $5,392,273 |
Downtown United Soccer Club Inc New York, NY | $2,387,381 | $4,600,027 |
New York Soccer Club Of Westchester Inc Purchase, NY | $1,450,794 | $3,791,791 |
Massachusetts Youth Soccer Association Incorporated Lancaster, MA | $8,182,339 | $2,646,960 |
Streetsquash Inc New York, NY | $17,573,709 | $3,349,109 |
Empire United Soccer Academy Inc West Henrietta, NY | $5,228,837 | $2,500,928 |
Eastern New York Youth Soccer Association Inc Garden City South, NY | $2,736,679 | $2,149,998 |
East Meadow Soccer Club East Meadow, NY | $1,843,002 | $2,394,107 |
Long Island Junior Soccer League Inc Ronkonkoma, NY | $4,230,833 | $2,489,730 |
Oakwood Soccer Club Inc Glastonbury, CT | $1,547,867 | $1,557,479 |