Issaquah Soccer Club
- Assets
- $604.8k
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 32
- Location
- Issaquah, WA
- Founding
- 09/1982
- Data as of
- 03/2023
- EIN
- 91-1172224
Organization Overview
Issaquah Soccer Club, operating under the name Lfc International Academy Washington, is located in Issaquah, WA. The organization was established in 1982. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. As of 03/2023, Lfc International Academy Washington employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lfc International Academy Washington 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 03/2023, Lfc International Academy Washington generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $3.1m during the year ending 03/2023. While expenses have increased by 6.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED AS A NONPROFIT EDUCATIONAL ORGANIZATION TO PROMOTE, TEACH AND ADMINISTER THE SPORT OF SOCCER. TO SPONSOR, DEVELOP AND ENCOURAGE AN ORDERLY PROGRAM OF PHYSICAL FITNESS, SKILL AND SPORTSMANSHIP AMONG THE YOUTH AND GENERAL PUBLIC IN THE GREATER ISSAQUAH AREA, INCLUDING BUT NOT LIMITED TO: PLAYER TRAINING, COACHING, COACHING TRAINING, TEAM FORMATION, AND COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ISSAQUAH SOCCER CLUB (ISC), LOCATED IN THE FOOTHILLS OF THE CASCADE MOUNTAINS, WAS FOUNDED IN 1980 AND IS ONE OF THE LARGEST YOUTH SOCCER CLUBS IN THE PACIFIC NORTHWEST. THE CLUB IS DEDICATED TO TEACHING OUR YOUTH THE REMARKABLE GAME OF SOCCER WHILE PROMOTING SPORTSMANSHIP, DISCIPLINE AND TEAMWORK. TODAY, ISC IS HOME TO OVER 300 YOUTH SOCCER TEAMS AND HELPS MORE THAN 3000 CHILDREN EACH YEAR TO LEARN, COMPETE AND GROW AS ATHLETES AND VALUABLE MEMBERS OF THE COMMUNITY. WE BELIEVE THAT EVERY PLAYER SHOULD HAVE THE OPPORTUNITY TO PLAY SOCCER AT ANY LEVEL AND ABILITY. ISC IS A FULL-SERVICE CLUB OFFERING PROGRAMS THAT INTRODUCE PLAYERS TO THE GAME AT A VERY YOUNG AGE (U5) AS WELL AS PROVIDING DEVELOPMENT PROGRAMS FOR PLAYERS COMPETING AT THE HIGHEST LEVELS. THE CLUB ALSO HAS THE WOMEN'S U-23 TEAM THAT PLAYS IN THE WOMEN'S PREMIER SOCCER LEAGUE (WPSL).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Henderson Technical Director | 40 | $105,235 | |
Adam Collins President & Executive Director | OfficerTrustee | 40 | $83,077 |
Rory O'connor Executive Director | OfficerTrustee | 40 | $51,429 |
Sean Mullen President | OfficerTrustee | 5 | $0 |
Flora Wilson Vice President | OfficerTrustee | 5 | $0 |
Ray Oen Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,530 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,018 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,548 |
| Total Program Service Revenue | $2,713,835 |
| Investment income | $10,116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,644 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,761,855 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $73,579 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $142,664 |
| Compensation of current officers, directors, key employees. | $121,264 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,463,126 |
| Pension plan accruals and contributions | $7,325 |
| Other employee benefits | $43,302 |
| Payroll taxes | $133,519 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,263 |
| Fees for services: Accounting | $26,846 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,649 |
| Advertising and promotion | $17,088 |
| Office expenses | $184,021 |
| Information technology | $35,521 |
| Royalties | $0 |
| Occupancy | $114,196 |
| Travel | $59,277 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,086 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,435 |
| Insurance | $11,743 |
| All other expenses | $53,396 |
| Total functional expenses | $3,128,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,637 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $251,363 |
| 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 | $42,323 |
| Net Land, buildings, and equipment | $5,818 |
| Investments—publicly traded securities | $114,179 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,448 |
| Total assets | $604,768 |
| Accounts payable and accrued expenses | $240,518 |
| Grants payable | $0 |
| Deferred revenue | $277,905 |
| 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 | $518,423 |
| Net assets without donor restrictions | $86,345 |
| 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 | $604,768 |