Carolina Youth Soccer Assn Inc
- Assets
- $1.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 55
- Location
- Chapel Hill, NC
- Founding
- 12/1996
- Data as of
- 05/2022
- EIN
- 58-1391303
Organization Overview
Carolina Youth Soccer Assn Inc, operating under the name Triangle United Soccer Association, is located in Chapel Hill, NC. The organization was established in 1996. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 05/2022, Triangle United Soccer Association employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triangle United Soccer Association 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, Triangle United Soccer Association generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $2.0m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ALL FAMILIES A POSITIVE, HEALTHY, PROGRESSIVE ENVIRONMENT FOR YOUTH DEVELOPMENT THROUGH SOCCER IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CHARACTER AND SKILL DEVELOPMENT FOR ABOUT 2,800 CHILDREN AGED 4-18 IN YOUTH SOCCER BY FORMING TEAMS, PROVIDING TRAINED COACHES, AND RENTING & MAINTAINING FIELDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Strand Executive Director | Officer | 40 | $137,861 |
John Cirillo Director Of Soccer | 40 | $100,883 | |
Cameron Tew President | OfficerTrustee | 2 | $0 |
Tim Kepley Vice President | OfficerTrustee | 2 | $0 |
Shannon Grabowski Treasurer | OfficerTrustee | 2 | $0 |
Courtney Grey Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,289 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,289 |
| Total Program Service Revenue | $2,009,745 |
| Investment income | $0 |
| 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 | $2,026,034 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $107,850 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $166,853 |
| Compensation of current officers, directors, key employees. | $100,112 |
| Compensation to disqualified persons | $74,220 |
| Other salaries and wages | $569,556 |
| Pension plan accruals and contributions | $26,732 |
| Other employee benefits | $34,672 |
| Payroll taxes | $63,244 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,527 |
| Advertising and promotion | $3,000 |
| Office expenses | $24,682 |
| Information technology | $15,585 |
| Royalties | $0 |
| Occupancy | $38,210 |
| Travel | $38,532 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $651 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,821 |
| Insurance | $11,707 |
| All other expenses | $107,189 |
| Total functional expenses | $1,987,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $879,454 |
| 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 | $530,480 |
| Net Land, buildings, and equipment | $257,663 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,667,597 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $423,483 |
| 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 | $423,483 |
| Net assets without donor restrictions | $1,244,114 |
| 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 | $1,667,597 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carolina Youth Soccer Assn Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youth Enrichment Program Of Wilson Wilson, NC | $22,968,665 | $15,099,824 |
Seeding Success Memphis, TN | $15,830,696 | $16,460,800 |
National Association Of Competitive Soccer Clubs Myrtle Beach, SC | $2,349,314 | $12,740,248 |
Emerald Youth Foundation Knoxville, TN | $26,135,509 | $10,102,853 |
National Honorary Beta Club Spartanburg, SC | $16,976,895 | $7,178,910 |
Girls On The Run International Charlotte, NC | $10,723,648 | $6,480,865 |
Tennessee Soccer Club Inc Brentwood, TN | $2,122,655 | $5,672,715 |
Impact Living Services Forest, VA | $3,151,473 | $6,118,517 |
Richmond First Tee Richmond, VA | $10,036,196 | $3,399,029 |
Corners Outreach Inc Peachtree Corners, GA | $1,471,202 | $3,739,961 |
Skillsusa Foundation Inc Leesburg, VA | $0 | $2,681,875 |
Horizons Atlanta Inc Atlanta, GA | $3,035,876 | $3,541,460 |