Charlotte Soccer Academy
- Assets
- $10.6m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 37
- Location
- Pineville, NC
- Founding
- 06/1995
- Data as of
- 05/2022
- EIN
- 56-1887771
Organization Overview
Charlotte Soccer Academy is located in Pineville, NC. The organization was established in 1995. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. As of 05/2022, Charlotte Soccer Academy employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlotte Soccer Academy 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 05/2022, Charlotte Soccer Academy generated $8.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $7.6m during the year ending 05/2022. While expenses have increased by 5.2% 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 CHARLOTTE SOCCER ACADEMY PROVIDES PLAYER DEVELOPMENT FOR APPROXIMATELY 7,500 BOYS AND GIRLS, RANGING IN AGE FROM 4 TO 19, COMPETING IN BOTH RECREATIONAL AND COMPETITIVE SOCCER. AN ADDITIONAL 3,500 FAMILIES ARE SERVED THROUGH AN AFFILIATION WITH THE GREATER YMCA OF CHARLOTTE. INSTRUCTIONAL CAMPS AND LEAGUE PLAY ARE CONDUCTED ANNUALLY. ACADEMY TEAMS PARTICIPATE IN SOCCER TOURNAMENTS THROUGHOUT THE UNITED STATES. ACADEMY PLAYERS HAVE BEEN SELECTED FOR STATE, REGIONAL AND NATIONAL TEAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHARLOTTE SOCCER ACADEMY PROVIDES PLAYER DEVELOPMENT FOR APPROXIMATELY 7,500 BOYS AND GIRLS, RANGING IN AGE FROM 4 TO 19, COMPETING IN BOTH RECREATIONAL AND COMPETITIVE SOCCER. AN ADDITIONAL 3,500 FAMILIES ARE SERVED THROUGH AN AFFILIATION WITH THE GREATER YMCA OF CHARLOTTE. INSTRUCTIONAL CAMPS AND LEAGUE PLAY ARE CONDUCTED ANNUALLY. ACADEMY TEAMS PARTICIPATE IN SOCCER TOURNAMENTS THROUGHOUT THE UNITED STATES. ACADEMY PLAYERS HAVE BEEN SELECTED FOR STATE, REGIONAL AND NATIONAL TEAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jimmy O'boyle Secretary | OfficerTrustee | 2 | $0 |
John Bretz Treasurer | OfficerTrustee | 2 | $0 |
Bill Laurie Vice President | OfficerTrustee | 2 | $0 |
Jim Cantalupo President | OfficerTrustee | 5 | $0 |
Jody Bierd At Large | Trustee | 2 | $0 |
Bill Finneyfrock At Large | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bmw Sports Enterprises Inc Management Fees | 5/30/22 | $299,000 |
Bmw Sports Enterprises Inc Equipment Purchases | 5/30/22 | $127,440 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,834 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,246 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,080 |
| Total Program Service Revenue | $7,582,892 |
| Investment income | -$112,750 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,677 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $312,613 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,684,226 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $112,425 |
| 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 | $2,062,263 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,062 |
| Payroll taxes | $162,514 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,269 |
| Fees for services: Accounting | $26,363 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,498 |
| Office expenses | $51,877 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,057,886 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $97,857 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,626 |
| Insurance | $74,569 |
| All other expenses | $724,234 |
| Total functional expenses | $7,604,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,085,353 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,919,763 |
| Investments—publicly traded securities | $483,405 |
| Investments—other securities | $0 |
| Investments—program-related | $5,007,956 |
| Intangible assets | $20,055 |
| Other assets | $36,821 |
| Total assets | $10,553,353 |
| 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 | $2,224,641 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,236,799 |
| Total liabilities | $4,461,440 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $6,091,913 |
| Total liabilities and net assets/fund balances | $10,553,353 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Charlotte Soccer Academy has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
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 |
Loudoun Youth Soccer Association Leesburg, VA | $8,456,614 | $7,397,666 |
Nasa Tophat Inc Kennesaw, GA | $5,043,211 | $7,270,572 |
Arlington Soccer Association Inc Arlington, VA | $7,101,878 | $5,587,943 |
Cobb Futbol Club Marietta, GA | $5,753,138 | $5,185,277 |
Alexandria Soccer Association Inc Alexandria, VA | $6,235,592 | $5,465,888 |
United Futbol Academy Inc Cumming, GA | $562,305 | $4,953,862 |
Atlanta Concorde Fire Soccer Association Inc Atlanta, GA | $1,822,580 | $4,589,073 |