Parsippany Soccer Club Inc
- Assets
- $1.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Parsippany, NJ
- Founding
- 07/1978
- Data as of
- 05/2022
- EIN
- 22-2203326
Organization Overview
Parsippany Soccer Club Inc is located in Parsippany, NJ. The organization was established in 1978. 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. Parsippany Soccer Club 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 05/2022, Parsippany Soccer Club Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $1.1m during the year ending 05/2022. While expenses have increased by 0.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PARSIPPANY SOCCER CLUB, INC. WAS ESTABLISHED AS A NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION IS TO DEVELOP, PROMOTE, AND GOVERN THE GAME OF SOCCER WITHIN THE TOWNSHIP OF PARSIPPANY-TROY HILLS, NEW JERSEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CREATE AN ENVIRONMENT WHERE CHILDREN AND YOUNG ADULTS, AGES 7 TO 20, CAN CONTINUE TO LEARN THE GAME OF SOCCER. PARSIPPANY SOCCER CLUB OFFERS THREE LEVELS OF PLAY WHICH INCLUDES INTRAMURAL, TRAVEL, AND THE SUPER Y PROGRAMS. APPROXIMATELY 1500 CHILDREN BENEFIT FROM THESE PROGRAMS EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Brown Vice President - Facilitie | Officer | 2 | $0 |
Robert Birth President | Officer | 2 | $0 |
Andrew Ladas Vice President - Intramura | Officer | 2 | $0 |
Kim Kelley Vice President - Purchasin | Officer | 2 | $0 |
Angelika Bamert Treasurer | Officer | 2 | $0 |
Al Zalewski Vice President - Travel | Officer | 2 | $0 |
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 | $38,928 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,928 |
| Total Program Service Revenue | $1,244,966 |
| Investment income | $397 |
| 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 | $3,347 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,294,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,000 |
| 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 | $37,610 |
| 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 | $1,269 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,292 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $11,519 |
| All other expenses | $121,728 |
| Total functional expenses | $1,069,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,133 |
| Savings and temporary cash investments | $1,151,639 |
| 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 | $34,565 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,300 |
| Total assets | $1,244,637 |
| Accounts payable and accrued expenses | $88,200 |
| Grants payable | $0 |
| Deferred revenue | $191,827 |
| 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 | $20,368 |
| Total liabilities | $300,395 |
| Net assets without donor restrictions | $944,242 |
| 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 | $1,244,637 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Players Development Academy Corp Bernardsville, NJ | $4,745,667 | $5,179,037 |
Downtown United Soccer Club Inc New York, NY | $2,387,381 | $4,600,027 |
Spirit Soccer Club Of Chester Co Downingtown, PA | $3,712,440 | $4,199,820 |
New York Soccer Club Of Westchester Inc Purchase, NY | $1,450,794 | $3,791,791 |
Pennsylvania Classics Ac East Petersburg, PA | $3,528,438 | $4,071,583 |
Beadling Soccer Club Bridgeville, PA | $845,707 | $3,205,132 |
West Chester Soccer Club Inc West Chester, PA | $4,361,758 | $3,529,345 |
Streetsquash Inc New York, NY | $17,573,709 | $3,349,109 |
New Jersey State Youth Soccer Association Freehold, NJ | $3,193,971 | $2,773,520 |
Empire United Soccer Academy Inc West Henrietta, NY | $5,228,837 | $2,500,928 |
Eastern Pennsylvania Youth Soccer Association Plymouth Meeting, PA | $4,001,019 | $2,867,871 |
West-Mont United Soccer Association Collegeville, PA | $1,873,787 | $2,256,412 |