Virginia Rush Soccer Inc
- Assets
- $556.9k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 11
- Location
- Virginia Beach, VA
- Founding
- 05/1981
- Data as of
- 08/2023
- EIN
- 52-1210163
Organization Overview
Virginia Rush Soccer Inc is located in Virginia Beach, VA. The organization was established in 1981. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 08/2023, Virginia Rush Soccer Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Rush Soccer Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 08/2023, Virginia Rush Soccer Inc generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $1.9m during the year ending 08/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATIONAL AND CHARACTER BUILDING PROGRAMS FOR THE BENEFIT OF THE HAMPTON ROADS COMMUNITY THROUGH RECREATIONAL AND COMPETITIVE SOCCER FOR YOUTH AGES THREE TO NINETEEN YEARS OF AGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMPETITIVE PROGRAM ENROLLMENT IS UP DUE TO THE ADDING OF THE VA RUSH PENINSULA BRANCH TO THE CLUB. THE PROGRAM CONTINUES TO PLACE PLAYERS IN DIVISION 1, 2, 3 SCHOOL. PLAYERS ARE PLACED IN THE OLYMPIC DEVELOPMENT PROGRAM AT THE STATE AND REGIONAL LEVEL. PLAYERS ARE NAMED TO THE US SOCCER TRAINING CENTERS AS WELL. THE LEVELS OF THE COMPETITIVE PLAYERS HAVE SLIGHTLY DECREASED IN THE LAST YEAR.
INDOOR LEAGUE, TRAINING PROGRAMS, SUMMER CAMPS FOR TRAINING HAVE INCREASED AS WELL AS INDOOR WINTER CAMP TRAINING.
THE PARTICIPATION AND REGISTRATIONS FOR ALL THREE DEVELOPMENTAL PROGRAMS HAVE INCREASED. THIS PROGRAM INCLUDES THE ADVANCED LEVEL, RECREATIONAL LEVEL AND THE DEVELOPMENTAL ACADEMY.A RUSH PROVIDES VOLUNTEER STAFF HOURS TO VIRGINIA BEACH CITY PUBLIC SCHOOLS FOR PE CLASSES, FIELD DAYS, AND FOR HOMELESS STUDENTS. GEAR COLLECTION AND SOCCER BALLS ARE PROVIDED TO HOMELESS STUDENTS. CONTINUE TO CONDUCT AN INTRODUCTORY TRAINING PROGRAM FOR 2- AND 3-YEAR-OLD PLAYERS.
THE TOURNAMENT PARTICIPATION HAS BECOME SMALLER IN SIZE. THERE ARE MORE TOURNAMENTS TO CHOOSE FROM IN OTHER AREAS AND INCONSISTENT WEATHER HAS PLAYED A PART IN THE ATTENDANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Speight President | OfficerTrustee | 30 | $0 |
Angelo Celesia Board Member | Trustee | 10 | $0 |
Denise Edwards Executive Director | Officer | 50 | $64,600 |
Matthew Mittelstaedt Technical Director | Officer | 50 | $77,108 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $102,560 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,143 |
| Total Program Service Revenue | $1,756,053 |
| Investment income | $10 |
| 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 | $1,866,206 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $39,650 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,547 |
| Compensation of current officers, directors, key employees. | $51,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $551,335 |
| Pension plan accruals and contributions | $505 |
| Other employee benefits | $19,429 |
| Payroll taxes | $50,918 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,577 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,600 |
| Advertising and promotion | $0 |
| Office expenses | $4,612 |
| Information technology | $4,308 |
| Royalties | $0 |
| Occupancy | $20,000 |
| Travel | $39,580 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $102 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,744 |
| Insurance | $0 |
| All other expenses | $244,402 |
| Total functional expenses | $1,893,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $474,481 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,541 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,230 |
| Prepaid expenses and deferred charges | $46,013 |
| Net Land, buildings, and equipment | $12,215 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,455 |
| Total assets | $556,935 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $556,935 |
| 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 | $556,935 |