First Touch Soccer Inc
- Assets
- $454.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 20-8906872
Organization Overview
First Touch Soccer Inc is located in Washington, DC. The organization was established in 2008. 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. First Touch Soccer 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 12/2022, First Touch Soccer Inc generated $43.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.1%) each year. All expenses for the organization totaled $45.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONDUCT SOCCER PROGRAMS FOR BOYS AND GIRLS WITH EMPHASIS ON LEADERSHIP, TEAMWORK AND DONATE FUNDS TO CHARITABLE ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3
SALARIES/CONTRACTOR EXPENSES: APPROXIMATELY $25,000 IN ADMINISTRATIVE EXPENSES WERE INCURRED. PAID FOR CONTRACT COACHES AND TRAINERS. FIELD/GYM RENTALS: APPROXIMATELY $30,000 IN INDOOR GYM SPACE AND OUTDOOR FIELDS WERE RENTED. CHARITABLE DONATIONS: ALMOST $7,300 IN CHARITABLE DONATIONS IN 2016
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitchell Dubensky President | 5 | $0 | |
Vincent Tersegno Board Member | 1 | $0 | |
Gregory Lawrence Board Member | 1 | $0 | |
J Kevin Farmer Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $43,040 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $43,040 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $25,000 |
| Professional fees and other payments to independent contractors | $2,225 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,084 |
| Total expenses | $45,309 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $454,041 |
| Other assets | $0 |
| Total assets | $454,041 |
| Total liabilities | $0 |
| Net assets or fund balances | $454,041 |