Los Verdes Atx
- Assets
- $148.7k
- Revenue
- $189.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- Data as of
- 12/2023
- EIN
- 85-1189881
Organization Overview
Los Verdes Atx, operating under the name Los Verdes ATX, is located in Austin, TX. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Los Verdes ATX 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 12/2023, Los Verdes ATX generated $189.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 37.3% each year . All expenses for the organization totaled $193.7k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MEMBER DRIVEN ORGANIZATION DEDICATED TO SUPPORTING SOCCER CULTURE AND STRENGTHENING OUR COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOS VERDES ATX PURCHASED HOME AND AWAY SOCCER MATCHES IN WHICH AUSTIN FC PLAYED TO RESELL,AT COST, TO MEMBERS SO AS TO FACILITATE SUPPORT OF THE TEAM AND THE SUPPORT OF OUR MEMBER COMMUNITY.
LOS VERDES ATX USED THE SALE OF MEMBERSHIPS AS WELL AS PROPRIETARY MERCHANDISE TO FUND THE PURCHASE OF PAINT AND FABRIC TO BE USED BY MEMBERS, WHO VOLUNTEER THEIR TIME, TO CONSTRUCT "TIFO'S OR BANNERS THAT SUPPORT VARIOUS MESSAGES OF SUPPORT FOR AUSTIN FC AND THE AUSTIN AND SURROUNDING COMMUNITIES. SOME OF THESE BANNERS ARE EXTREMELY LARGE AND ARE USED IN-STADIUM ONLY. OTHERS MAY BE USED INSIDE AND OUTSIDE OF THE STADIUM, IN MARCHES AND/OR PARADES.
LOS VERDES ATX USED THE SALE OF MEMBERSHIPS AS WELL AS PROPRIETARY MERCHANDISE TO MAKE DONATIONS TO VARIOUS COMMUNITY ORGANIZATIONS THAT ALIGN WITH OUR MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stefanie Torres President | Trustee | 0 | $0 |
Leslie Hibbard Vice President | Trustee | 0 | $0 |
Chap Torian Secretary | Trustee | 0 | $0 |
Cathy Lujan Treasurer | Trustee | 0 | $0 |
Brenda Herrera Director | Trustee | 0 | $0 |
Brian Mangum Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $44,170 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,170 |
| 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 | $139,915 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $189,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,586 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $120,029 |
| 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 | $0 |
| 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 | $17,665 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,140 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,858 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $193,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,201 |
| 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 | $65,500 |
| 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 | $148,701 |
| 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 | $148,701 |
| 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 | $148,701 |