Borussia Del Mar Inc is located in San Diego, CA. The organization was established in 2015. 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. Borussia Del Mar 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, Borussia Del Mar Inc generated $109.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $148.3k during the year ending 12/2022. 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 Program Activity:
Part 3
COMPETITIVE AND RECREATIONAL SOCCER TRAINING
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Maurer President/dir | 40 | $53,000 | |
George Svaboda Vice President | 0.1 | $0 | |
Massimo Mascaro Treasurer | 0.1 | $0 | |
John Diminno Secretary | 0.1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $109,836 |
| Membership dues | $0 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $109,842 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $53,000 |
| Professional fees and other payments to independent contractors | $1,750 |
| Occupancy, rent, utilities, and maintenance | $21,783 |
| Printing, publications, postage, and shipping | $208 |
| Other expenses | $71,552 |
| Total expenses | $148,293 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,815 |
| Other assets | $0 |
| Total assets | $55,561 |
| Total liabilities | $99,144 |
| Net assets or fund balances | -$43,583 |