Philadelphia Soccer 2026
- Assets
- $30.8m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- Data as of
- 06/2023
- EIN
- 85-2780565
Organization Overview
Philadelphia Soccer 2026 is located in Philadelphia, PA. 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. Philadelphia Soccer 2026 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 06/2023, Philadelphia Soccer 2026 generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 58.1% each year . All expenses for the organization totaled $4.0m during the year ending 06/2023. 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
PHILADELPHIA SOCCER 2026 (PS2026) IS AN INDEPENDENT, NONPROFIT ORGANIZATION CHARTERED IN 2020. PS2026 HAS BEEN DESIGNATED AS THE ORGANIZATION TO SUPERVISE AND IMPLEMENT PHILADELPHIAS BID TO HOST THE FIFA WORLD CUP (FIFA) MATCHES IN 2026. PS2026 HAS ENGAGED IN A CAMPAIGN TO DRIVE PUBLIC ENGAGEMENT, INCREASE BID AWARENESS, AND MANAGE REQUESTS FROM FIFA. PHILADELPHIA WILL HAVE AN IMPORTANT OPPORTUNITY TO PROMOTE HUMAN RIGHTS AND HAVE A SOCIAL IMPACT IN A SIGNIFICANT WAY IF SELECTED AS A HOST CITY FOR FIFA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC AWARENESS & ENGAGEMENT PHILADELPHIA SOCCER 2026 IS RESPONSIBLE FOR DRIVING COMMUNITY ENTHUSIASM AND ENGAGEMENT AROUND THE CITY OF PHILADELPHIA'S DESIRE TO HOST SOCCER MATCHES DURING FIFA WORLD CUP 2026. ITS EFFORTS ARE MEANT TO ENSURE THAT RESIDENTS IN THE 5-COUNTY PHILADELPHIA AREA, SOUTHERN NEW JERSEY AND DELAWARE KNOW OF THIS EVENT'S POTENTIAL TO DRIVE POSITIVE ECONOMIC AND SOCIAL IMPACT ACROSS THE REGION.
OTHER WITH PHILADELPHIA'S SELECTION AS A FIFA WORLD CUP HOST CITY IN JUNE 2022, THE WORK OF PHILADELPHIA SOCCER 2026 SHIFTED TO OPERATIONALIZING THE ORGANIZATION IN ITS SHIFT FROM BIDDING TO HOSTING DUTIES. MANAGEMENT AND GENERAL REFLECTS THE WORK ASSOCIATED WITH SECURING ADDITIONAL INSURANCE, BUILDING OUT STAFF/OFFICE, IDENTIFYING ROLES AND RESPONSIBILITIES, FULFILLING FIDUCIARY OBLIGATIONS, BUDGET FORECASTING, INTERFACING WITH THE CITY OF PHILADELPHIA, PHILADELPHIA EAGLES, AS WELL AS OTHER KEY PARTNERS, AND CONTINUING TO FULFILL REQUESTS FOR INFORMATION FROM FIFA. FUNDRAISING TO SUPPORT THE WORK OF PHILADELPHIA SOCCER 2026 IN PLANNING AND EXECUTING, TO SUCCESSFUL DELIVERY OF FIFA WORLD CUP MATCHES IN 2026, THE ORGANIZATION HAS DEVELOPED A ROBUST AND COMPREHENSIVE FUNDRAISING PROGRAM, WHICH IS STAFFED AND UNDERWAY. THE GOAL IS TO RAISE PRIVATE FUNDS FROM THE REGIONAL BUSINESS COMMUNITY TO SUPPORT THIS INTERNATIONAL SPORTING EVENT AND HELP DEFRAY THE COSTS INCURRED BY PUBLIC ENTITIES. THIS WORK INCLUDES CULTIVATION, ENGAGEMENT, COMMUNICATION, AND ONGOING STEWARDSHIP OF THOSE MAKING COMMITMENTS.
BENEFACTOR AND PUBLIC BENEFITS PS2026 IS RESPONSIBLE FOR MONITORING AND EVALUATING PUBLIC AND PRIVATE BENEFITS AND REWARDS ASSOCIATED WITH HOSTING THE FIFA WORLD CUP 2026. THIS INCLUDES SUSTAINABILITY EFFORTS AND MAINTAINING MUTUALLY BENEFICIAL PARTNERSHIPS WITH ITS STAKEHOLDERS TO FURTHER THE MISSION AND OBJECTIVES OF PS2026.
BID EFFORTS AND HOST ACTIVITIES A CENTRAL COMPONENT TO THE BIDDING AND HOSTING PROCESS FOR FIFA WORLD CUP 2026 IS RESPONDING TO FIFAS IN-DEPTH INQUIRIES REGARDING THE CITY OF PHILADELPHIAS HOST CITY CAPABILITIES, WHICH INCLUDE THE MATCH PLAY VENUE, TRAINING SITES, TRANSPORTATION, ACCOMMODATIONS, HUMAN RIGHTS AND MORE. PS2026 IS RESPONSIBLE FOR THE COORDINATION, PREPARATION, AND SUBMISSION OF PHILADELPHIAS OFFICIAL RESPONSES, AS WELL AS EXECUTING ON FIFA HOST CITY REQUIREMENTS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Board Of Directors-See List Attache Board Member | Trustee | 3 | $0 |
Daniel J Hilferty Board Chair | Officer | 5 | $0 |
Alan Krigstein CFO | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Signature 57 Llc Project Mgt | 6/29/23 | $409,184 |
Complete Management Associates Admin Services | 6/29/23 | $289,122 |
Nauset Ventures Strategy Consul | 6/29/23 | $276,040 |
Brian Communications Sales & Marketi | 6/29/23 | $243,263 |
The Riff Group Llc Office Fit | 6/29/23 | $114,484 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,000,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,314,515 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,314,515 |
| Total Program Service Revenue | $0 |
| Investment income | $45,240 |
| 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 | $3,359,755 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,250 |
| 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 | $115,077 |
| 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 | $1,574,606 |
| Advertising and promotion | $86,539 |
| Office expenses | $9,414 |
| Information technology | $89,979 |
| Royalties | $0 |
| Occupancy | $65,525 |
| Travel | $112,707 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $5,591 |
| Insurance | $43,372 |
| All other expenses | $0 |
| Total functional expenses | $4,016,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,533,128 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $22,339,666 |
| 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 | $57,649 |
| Net Land, buildings, and equipment | $131,689 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $717,515 |
| Other assets | $0 |
| Total assets | $30,779,647 |
| Accounts payable and accrued expenses | $322,842 |
| 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 | $772,775 |
| Total liabilities | $1,095,617 |
| Net assets without donor restrictions | $11,965,065 |
| Net assets with donor restrictions | $17,718,965 |
| 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 | $30,779,647 |