Players Development Academy Corp
- Assets
- $7.3m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Bernardsville, NJ
- Founding
- 11/1999
- Data as of
- 12/2022
- EIN
- 22-3598551
Organization Overview
Players Development Academy Corp is located in Bernardsville, NJ. The organization was established in 1999. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Players Development Academy Corp employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Players Development Academy Corp 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, Players Development Academy Corp generated $5.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $5.2m during the year ending 12/2022. While expenses have increased by 5.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PLAYERS DEVELOPMENT ACADEMY INC., (PDA) IS A 501(C)3 NON-PROFIT CORPORATION DEDICATED TO THE PROMOTION AND DEVELOPMENT OF YOUTH SOCCER IN NEW JERSEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZING VARIOUS SOCCER TOURNAMENTS, DEVELOPING SOCCER SKILLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Seitz Secy/treasur | Trustee | 40 | $75,000 |
Eric Harris Board Member | Trustee | 1 | $0 |
Nidhi Kumar Board Member | Trustee | 1 | $0 |
Doug Rotatori Board Member | Trustee | 1 | $0 |
Jim Stamatis Board Member | Trustee | 1 | $0 |
Thomas R Anderson President | Officer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
O'neill Soccer Academy | 12/30/22 | $210,000 |
Celtic Fc Inc | 12/30/22 | $110,000 |
Nick Heinemann | 12/30/22 | $130,710 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,556,837 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $242,905 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,799,742 |
| Total Program Service Revenue | $681,505 |
| Investment income | $45 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $111,841 |
| Net Income from Gaming Activities | $30,208 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,812,587 |
| 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. | $75,000 |
| Compensation of current officers, directors, key employees. | $75,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,612 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,275 |
| Fees for services: Accounting | $26,249 |
| 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 | $75,091 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $129,944 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,286 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $231,270 |
| Insurance | $40,291 |
| All other expenses | $77,119 |
| Total functional expenses | $5,223,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,365,576 |
| Savings and temporary cash investments | $0 |
| 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 | $2,384,928 |
| Net Land, buildings, and equipment | $552,935 |
| Investments—publicly traded securities | $26,585 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,330,024 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,351,328 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $104,840 |
| Total liabilities | $3,456,168 |
| Net assets without donor restrictions | $3,873,856 |
| 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 | $7,330,024 |