Louisville Soccer Alliance Inc
- Assets
- $790.7k
- Revenue
- $523.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Louisville, KY
- Founding
- 10/1991
- Data as of
- 07/2022
- EIN
- 61-1188482
Organization Overview
Louisville Soccer Alliance Inc is located in Louisville, KY. The organization was established in 1991. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. As of 07/2023, Louisville Soccer Alliance Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisville Soccer Alliance 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 07/2022, Louisville Soccer Alliance Inc generated $523.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $459.1k during the year ending 07/2022. While expenses have increased by 0.8% 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
SPONSOR ATHLETIC EVENTS FOR YOUTHS AND ADULTS OF THE LOCAL COMMUNITY TO PARTICIPATE IN LOCAL, NATIONAL, AND INTERNATIONAL COMPETITIVE SPORTING EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSOR ATHLETIC EVENTS FOR YOUTH AND ADULTS OF THE LOCAL COMMUNITY TO PARTICIPATE IN LOCAL, NATIONAL AND INTERNATIONAL COMPETITIVE SPORTING EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Benoit Board Member | Trustee | $0 | |
Peggi Bindner Vice Preside | OfficerTrustee | $0 | |
Michael Francis Board Member | Trustee | $0 | |
Michael Hayes President | OfficerTrustee | $0 | |
Garrett Jackson Treasurer | OfficerTrustee | $0 | |
Bob Rodosky Secretary | OfficerTrustee | $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 | $5,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,250 |
| Total Program Service Revenue | $274,232 |
| 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 | $216,099 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $523,833 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $750 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $130,069 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,765 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $625 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $3,585 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,904 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,373 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,616 |
| Insurance | $18,182 |
| All other expenses | $45,958 |
| Total functional expenses | $459,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,420 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $671 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $52,290 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $565,367 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $790,748 |
| Accounts payable and accrued expenses | $48,343 |
| 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 | $225,118 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,078 |
| Total liabilities | $281,539 |
| 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 | $509,209 |
| Total liabilities and net assets/fund balances | $790,748 |