Virginia Youth Soccer Association Inc
- Assets
- $1.9m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 12
- Location
- Fredericksburg, VA
- Founding
- 09/1982
- Data as of
- 08/2020
- EIN
- 54-1178949
Organization Overview
Virginia Youth Soccer Association Inc is located in Fredericksburg, VA. The organization was established in 1982. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. As of 08/2022, Virginia Youth Soccer Association Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Youth Soccer Association 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 08/2020, Virginia Youth Soccer Association Inc generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $2.5m during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE, WITHIN THE COMMONWEALTH OF VIRGINIA AND THE DISTRICT OF COLUMBIA, EDUCATIONAL ADD CHARACTER BUILDING PROGRAMS FOR THE BENEFIT OF THE COMMUNITY THROUGH TEACHING AND PROMOTING AN INTEREST IN THE GAME OF SOCCER, PARTICULARLY AMONG YOUNG PEOPLE UNDER NINETEEN (19) YEARS OF AGE; TO PROMOTE THE SOCIAL WELFARE OF THE COMMUNITY THROUGH PROGRAMS THAT COMBAT JUVENILE DELINQUENCY; TO SPONSOR, MANAGE AND OPERATE EXHIBITIONS, TOURNAMENTS, CLINICS, CONTESTS AND OTHER EDUCATION ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OLYMPIC DEVELOPMENT PROGRAM IS A US YOUTH SOCCER PROGRAM TO IDENTIFY PLAYERS OF THE HIGHEST CALIBER WHICH WILL LEAD TO INCREASED SUCCESS FOR THE US NATIONAL TEAMS. VIRGINIA ODP IS DIVIDED INTO FIVE DISTRICTS; CENTRAL, NORTHERN, SOUTHEASTERN, WEST AND WEST CENTRAL. EACH DISTRICT CONDUCTS OPEN TRYOUTS EACH SUMMER FOR THE 5 PARTICIPATING BIRTH YEARS OF BOTH GENDERS FOR THE NEXT SEASONAL YEAR. CURRENTLY, APPROXIMATELY 1,099 PLAYERS ARE IN THE ODP PROGRAM. IN ADDITION, THE D-ODP IS A PROGRAM FOR TRAINING PLAYERS BORN IN 2012, 2013, AND 2014. THE D-ODP WILL HELP TO DEVELOP YOUNGER PLAYERS IN THE AGE GROUP BEFORE THEY BECOME INVOLVED IN THE OLYMPIC DEVELOPMENT PROGRAM.
PROVIDE ADMINISTRATION FOR PROGRAMS BENEFITTING APPROXIMATELY 126,000 REGISTERED YOUTH SOCCER PLAYERS IN VIRGINIA. PROVIDE OPPORTUNITIES FOR THE YOUTH TO LEARN, PLAY AND EXCEL THROUGH OUR SPONSORED PROGRAMS.
THE STATE CUP AND PRESIDENTS CUP ARE DESIGNED FOR THOSE TEAMS SEEKING ADDITIONAL CHALLENGES TO PLAY AGAINST TEAMS OF SIMILAR ABILITIES FOR A COMPETITIVE TITLE. THE CUPS PROVIDE A PROGRESSIVE, COMPETITIVE EXPERIENCE TO TEAMS THAT MIGHT NOT OTHERWISE GET THE OPPORTUNITY TO PARTICIPATE IN A SERIES OF UNIQUE EXPERIENCES HIGHLIGHTING COMPETITION, CAMARADERIE AND COMMUNITY FROM THE STATE TO REGIONAL TO NATIONAL LEVELS OF YOUTH SOCCER.
OTHER PROGRAM COSTS INCLUDE THE VYSA CONVENTION AND WORKSHOPS HELD ON AN ANNUAL BASIS THAT INCLUDES HIGH QUALITY EDUCATIONAL AND TECHNICAL CONTENT ON TOPICS RELEVANT FOR YOUTH SOCCER, TECHNICAL ASSISTANCE FOR VARIOUS MEMBER LEAGUES AND ORGANIZATIONS, AND THE METRO-DC REFEREE PROGRAM, AMONG OTHER VARIOUS PROGRAMS RELATED TO THE ASSOCIATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gordon Miller Technical Director | 40 | $147,441 | |
Phil Summers Executive Director (resigned 9/21) | Officer | 40 | $113,928 |
Anne Thompson Secretary | OfficerTrustee | 20 | $22,200 |
Bill Phillips President | OfficerTrustee | 20 | $0 |
Bob Maynes Vice President | OfficerTrustee | 20 | $0 |
Tom Lewis Treasurer | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
| Investment income | $496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$382 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $49,195 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,162,641 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $10,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $137,485 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $502,970 |
| Pension plan accruals and contributions | $10,809 |
| Other employee benefits | $48,507 |
| Payroll taxes | $45,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,434 |
| Fees for services: Accounting | $35,847 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $387,875 |
| Advertising and promotion | $5,311 |
| Office expenses | $30,916 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,185 |
| Travel | $218,615 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $699 |
| Interest | $7,172 |
| Payments to affiliates | $220,593 |
| Depreciation, depletion, and amortization | $3,353 |
| Insurance | $177,883 |
| All other expenses | $0 |
| Total functional expenses | $2,474,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,738,282 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $108,374 |
| 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 | $3,864 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,027 |
| Total assets | $1,859,867 |
| Accounts payable and accrued expenses | $113,341 |
| Grants payable | $0 |
| Deferred revenue | $352,888 |
| 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 | $908,884 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,830 |
| Total liabilities | $1,389,943 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $469,924 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Virginia Youth Soccer Association Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $15,394 |
| Net Contributions | $13,110 |
| Other Expense | $5,849 |
| Ending Balance | $22,655 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Area Soccer League Inc Raleigh, NC | $15,967,738 | $13,846,448 |
Nc Triad Fusion Inc Bermuda Run, NC | $14,278,028 | $8,923,871 |
Carolinas Football Club Cornelius, NC | $1,803,647 | $7,874,250 |
Charlotte Soccer Academy Pineville, NC | $10,553,353 | $8,684,226 |
Richmond Strikers Soccer Club Inc Glen Allen, VA | $6,484,910 | $7,892,282 |
Soccer Association Ofcolumbia Inc Ellicott City, MD | $14,674,993 | $7,834,264 |
Loudoun Youth Soccer Association Leesburg, VA | $8,456,614 | $7,397,666 |
Arlington Soccer Association Inc Arlington, VA | $7,101,878 | $5,587,943 |
Bethesda Soccer Club Inc Bethesda, MD | $4,179,616 | $5,404,213 |
Alexandria Soccer Association Inc Alexandria, VA | $6,235,592 | $5,465,888 |
Mclean Youth Soccer Association Mclean, VA | $5,370,250 | $4,066,395 |
Elite Clubs National League Inc Henrico, VA | $951,283 | $2,862,570 |