Iowa Soccer Development Foundation Inc
- Assets
- $2.2m
- Revenue
- $3.9m
- Investments
- $957.3k
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- Data as of
- 12/2021
- EIN
- 84-4367003
Organization Overview
Iowa Soccer Development Foundation Inc is located in Des Moines, IA. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Soccer Development Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE IOWA SOCCER DEVELOPMENT FOUNDATION WAS CREATED TO DESIGN AND BUILD A MULTI-USE SOCCER STADIUM AND PLAZA TO ENERGIZE IOWA'S ECONOMY, UNITE PEOPLE THROUGH SHARED EXPERIENCES AND PROVIDE OPPORTUNITIES FOR UNDERSERVED AT-RISK YOUTH TO EXPERIENCE THE GLOBAL GAME OF SOCCER. THE IOWA SOCCER DEVELOPMENT FOUNDATION WILL OWN THE PRO IOWA STADIUM AND GLOBAL PLAZA WHEN COMPLETED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISDF IS PLANNING AND DESIGNING A MULTI-USE SOCCER STADIUM AND PLAZA (VENUE) CAPABLE OF HOSTING EVENTS IN THE DES MOINES COMMUNITY. THE VENUE HAS BEEN APPROVED TO BE CONSTRUCTED ON A U.S. EPA SUPERFUND SITE THAT HAS BEEN VACANT AND NEGLECTED FOR OVER 20 YEARS. BY CONSTRUCTING THE VENUE ON THE SUPERFUND SITE, IDSF'S OBJECTIVE IS TO REVITALIZE THE CURRENTLY DEPRESSED AREA SURRONDING THE SUPERFUND SITE BY ATTRACTING ADDITIONAL BUSINESSES, CREATING JOBS AND REDUCING CRIME IN THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Krause President | OfficerTrustee | 1 | $0 |
Charles Campbell Secretary | OfficerTrustee | 1 | $0 |
Erin Kuhl Treasurer | Officer | 1 | $0 |
Daniel Keough Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gensler Architecture & Design | 12/30/21 | $264,143 |
Signature Consultants Llc Consulting | 12/30/21 | $288,371 |
Faegre Drinker Biddle & Reath Llp Legal | 12/30/21 | $120,614 |
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 | $3,892,010 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,892,010 |
| Total Program Service Revenue | $0 |
| 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 | $3,892,010 |
| 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 | $3,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $84,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $101,856 |
| Advertising and promotion | $59,770 |
| Office expenses | $6,653 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,805 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $43,614 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $341 |
| Total functional expenses | $304,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,193,949 |
| 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 | $957,260 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,151,209 |
| Accounts payable and accrued expenses | $55,556 |
| 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 | $55,556 |
| 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 | $2,095,653 |
| Total liabilities and net assets/fund balances | $2,151,209 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Iowa Soccer Development Foundation Inc has recieved totaling $3,791,664.
| Awarding Organization | Amount |
|---|---|
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $3,129,878 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $370,122 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $100,000 |
Delta Dental Of Iowa Johnston, IA PURPOSE: DONATION | $50,000 |
Emc Insurance Foundation Des Moines, IA PURPOSE: FOR GENERAL SUPPORT OR FOR A CAPITAL FUND DRIVE OF THE RESPECTIVE ORGANIZATION | $50,000 |
Krause Gentle Foundation Des Moines, IA PURPOSE: ATHLETICS | $49,654 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Entertainment & Omaha, NE | $158,635,208 | $95,451,675 |
Chicago Convention & Tourism Bureau Inc Chicago, IL | $13,640,210 | $19,015,508 |
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
Southern Minnesota Initiative Foundation Owatonna, MN | $74,043,196 | $20,001,758 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |