Lexington United Soccer Club Inc
- Assets
- $388.8k
- Revenue
- $890.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Lexington, MA
- Founding
- 01/2005
- Data as of
- 02/2022
- EIN
- 22-3026436
Organization Overview
Lexington United Soccer Club Inc is located in Lexington, MA. The organization was established in 2005. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. As of 02/2022, Lexington United Soccer Club Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington United 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 02/2022, Lexington United Soccer Club Inc generated $890.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $701.4k during the year ending 02/2022. While expenses have increased by 2.3% 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
THE ORGANIZATION SUPPORTS AND PROMOTES A CHILDRENS SOCCER PROGRAM IN LEXINGTON, MA. INSTRUCTIONAL CLINICS ARE PROVIDED AS WELL AS ORGANIZED TEAM COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCCER PROGRAM-CLINICS,INSTRUCTION AND LEAGUE PLAY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Serena Hadsell Board Member | OfficerTrustee | 10 | $0 |
Julie Callahan Clerk | OfficerTrustee | 10 | $0 |
Kathryn Ready Vice President | OfficerTrustee | 10 | $0 |
Patrick Farrell Treasurer | OfficerTrustee | 10 | $0 |
Stacey Hamilton Past President | OfficerTrustee | 10 | $0 |
John Andrews President | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $111,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,983 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,583 |
| Total Program Service Revenue | $732,869 |
| Investment income | $912 |
| 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 | $890,364 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $240,756 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,259 |
| Payroll taxes | $20,214 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,460 |
| 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 | $7,403 |
| Information technology | $1,416 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $26,155 |
| All other expenses | $47,574 |
| Total functional expenses | $701,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,028 |
| Savings and temporary cash investments | $195,903 |
| 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 | $16,865 |
| 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 | $388,796 |
| Accounts payable and accrued expenses | $2,970 |
| Grants payable | $0 |
| Deferred revenue | $223,864 |
| 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 | $226,834 |
| Net assets without donor restrictions | $161,962 |
| 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 | $388,796 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lexington United Soccer Club Inc has recieved totaling $9,955.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,955 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grassroot Soccer Inc Hanover, NH | $9,537,323 | $6,143,795 |
New England Futbol Club Inc Mendon, MA | $10,365,419 | $7,903,438 |
F C Stars Inc Acton, MA | $11,888,113 | $7,757,610 |
Fc Greater Boston Bolts Inc Framingham, MA | $1,933,967 | $5,392,273 |
Downtown United Soccer Club Inc New York, NY | $2,387,381 | $4,600,027 |
New York Soccer Club Of Westchester Inc Purchase, NY | $1,450,794 | $3,791,791 |
Massachusetts Youth Soccer Association Incorporated Lancaster, MA | $8,182,339 | $2,646,960 |
Streetsquash Inc New York, NY | $17,573,709 | $3,349,109 |
Empire United Soccer Academy Inc West Henrietta, NY | $5,228,837 | $2,500,928 |
Eastern New York Youth Soccer Association Inc Garden City South, NY | $2,736,679 | $2,149,998 |
East Meadow Soccer Club East Meadow, NY | $1,843,002 | $2,394,107 |
Long Island Junior Soccer League Inc Ronkonkoma, NY | $4,230,833 | $2,489,730 |